Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
46 comments:
so should be sold when hourly rsi gets overbought.
without chat and indicator simple math formula 10/03 day high short will be profitable.cover next day afternoon.(max high:5149)5100,5108,5115,5123,5130,5138,5149
tnx
rahul
hi ilango sir
As per yr premarket view conservative trade create @5125-5140 so we can sell at now or wait for more high for sell nifty ?
regards,
alpesh
GM All.
Buyers propping the market up above VAH, led by reliance which has done 24 points already..
hi..alpesh,
As there is a possibility of a 5th wave, let us wait & see.
5th waves are generally swift.
Hi..Viren,
If one has combined your "VAH" with "ORB" high, a long trade would have been initiated @ 5114.
Yes Illango,
Buyers re-asserting today.One big swift move by the buyers today, good volume too..
mkt not able to cross high made on 8th & also c - divergence on Rsi there.
Some of my Nifty stops got triggered at VAH. Others I am holding at 5154 as SL. These are my swing trades.
sir/i chart user what to do.....
sir my 9 hour rsi is at 41 yourr chart shows 20. i use i charts there might many blogmates doing so. pls check, sir what to do???
Hi Illango and all,
GM!
Bought at 5105 yesterday and sold today at 5135.. waiting to short now..
GM Blogmates,
Fut.Nifty has biggest intra day volume bet.5118 to 5136.At least for intraday it might not allow nifty to go below it so easily on the contra shall force short sellers to cover it in the later half on more higher levels.Especially at 5125 there is huge intraday volume when it crossed 5118.I myself will wait for Nifty to come around 5160-5180 range.
Ilango sir,
How do we connect the fundamental of NMDC, isnt it govt will try to keep market high till its done. And tht is wat we are seeing at this moment.
Hi RajaGopal,
Just seen your 50 stock file.
Have 1 question:-
1 Do you make anything manual in this. or its just all data pulled from some software.
If you do make manual, let me know that columns so that I wont try hard on them. In my view these columns should be R & S.
I can make it for entire NSE stocks daily in just few minutes, In case you are interested then let me know.
Regards
Happy
Ilango sir in case a new high is made above 5147, then should the end of wave "c" of hourly charts and end of wave "B" mentioned in the daily charts should be adjusted accrdingly?
viren can u pls tell waht is the value of VAH-POC-VAL for nifty today ?
@ viren
values for unitech//
can we define a positional trade in MP?
rgrds
Sandy,
5114-5110-5104
Hi Mynac - GM. Do I understand your plan as a.Will not come below 5118 and b. u will short at 5160-5180 ? (Is it NTZ in between)
Viren sir, yesterday i had closed at 5095 my short taken at 5110, and having no position now. Shall i reinitiate my short around 5135 or wait for 5150?
@Piyush,
My tech file with rsi calculations are very clear.
I don't know about iCharts..
hi..Prosenjit,
This generally happens around big IPO's and some buying supports are given by vested people. However, such artificial propping is generally will be visible as negative divergences.
We need to await a close below 5-ema and a follow up ..
mynac is right as FII cash buying on 9th almost 2300cr prov and oi data suggests hedging by put..
think what goras think..:)
hello happy sir;
can you please share how you are making nifty 50 stock excell file autometically.
Dear Rajagopal,
Good Morning,If it will reach before 2.30 (Your Time) then shall short otherwise shall have to wait and if it will spend more time in this range then will go long for above target.Dear Ilango has mentioned 5177 previously I think so a day or 2 before.And then I think so that it might be a correction time because it shall also be a reasonable cushion to save 5000. i.e. 5160-80 to 5000 almost 3% +.
shorting with 8th s high as sl.
views pls.
Manu
There is a block deal by FII on Tata Motors (Ins to ins transfer) so there is very huge cash buying there.
@manik
on 8th nse data ws shwng 930 cr prov of buying..the actual ws almost 2200 cr gvn by sebi..thr ws no block deal on 8th..the same scenario ws way back in march-april 2009..
i m just waiting if $ supports it..
still remember weekly trend is still UP..
dear sir ilango
today position for oi
ce-pe------ last oi 9-3/10----today oi
5100 ce --- 7548000 ------- 7298650
5000 ce ---- 4135850 ------ 4192410
5100 pe --- 4677500 ------ 5145550
5200 pe --- 9215050 ------ 8874580
hi..Rajnish kumar,
"Sundar" has given a file for updating stocks.
He has put some stcoks. However, the same can be modified by replacing the Nifty 50 stocks.
At EOD, you can download Nifty 50 stocks from NSE website and paste it at the appropriate date. And the file updates and gives the critical value for these stocks.
RajaGopal is giving similar one which is updated by his Software in his computer.
thanks sir. if i wont get answer in here i'll call i charts . no other option. anuj........ can u help??
Rajnish,
Alternatively, after trade hours, you can go to www.surfindia.com where you will find all 50 stocks listing with open, high, low, close prices. You can copy the entire data and paste it in one go.
@Sundar
Thanks for that easy link!
Rajnish,
http://www.surfindia.com/finance/nse-indices/nifty-stock-watch.html
Yes..Sundar,
Your link for Nifty 50 stocks is quite an easy one. Thank you.
Happy - if you can do it,nothing like it. Kindly share the same with Ilango - my file can be substituted with yours if it will have more scripts. No I don't intervene - OB/OS are as per tech data formula.
============
Mynac - Thanks for the detailed response.
===========
Tata Motors - what I understand the bloc shares liquidated by Dailmer(hope right),was absorbed by Citi Group and Tata & Sons. Hence the drop was news based(exit news). Now fresh interest in the stock due to expected results.
called i charts says that they may have used exponential moving average in rsi formula so there may have been a distortion. i chart users be careful.
Thanks sundar. It will really be useful.
Ilango could you please help with the files of Raja & Sundar - with Macros / formulas at EOD today ?
Sundar,
if possible please send me the file at my email : arpitg345@yahoo.co.in
-arpit
Hi..Sandy,
"Rajagopal's file" is linked to his software and presently it is used with its "end result" in the form of "Technical readings as well as critical levels".
Sundar's file was uploaded sometime ago. I will as k Sundar to upload the "updated one" today and I will provide the link along with the "Nifty 50 stocks download" link. Individuals should take it from there.
Ilango sir,
Thank u sir. I will upload the updated Excel file with today's data after market hours.
ok Raja Gopal.
Can you share that math calculation with me in R&S column of u r file..
I will make it fully automatic on all nse stocks..
Wow !
Some nice sharing of ideas and exchange going on...Keep up the spirit guys!!
A community that lives together, shares together will grow together...knowledge wise and money wise.
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