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...
89 comments:
sir no reply from your side.reposting again.
Sir i have a few doubts about your stock calls.
in tata steel you said to sell today between 610-614.and target is 600-595.same stock in conservative you bought at 607.50 and stop loss is 601.5.
if intraday target achieves your conservative stop loss hits.
in this stock trading nothing but we are making broker rich and i don't gain anything.
same thing with icici bank and unitech also.
can you tell me how much i can make money with this non useful strategy.
= = = = = = = = = =
GO Long here for 15 - 20 points only.
= = = = = = = = = =
Ilango Please put up VAH-POC-VAL
Ilango sir,
R u suggesting to go long at this 5118 levels?
Advance Tax - Sources
-Tata Steel pays Rs 513 crore
-Bank Of Baroda pays Rs 300 crore
-Central Bank Of India pays Rs 250 crore
-ICICI Bank pays approximately Rs 200 crore
-L&T pays Rs 270 crore
-Idea Cellular pays Rs 30 crore
-Kotak Mahindra Bank pays Rs 80 crore
-MRPL pays Rs 180 crore
-SBI likely to pay in excess of Rs 1,800 crore
Ilango - Bollinger bands contracting on daily charts (Period 10, SD 1.5)
Big move likely in coming days (likely on the downside)
====================
do not go long here
sell here at 5120
===================
good morning to all.
can anybody help me to update metastock (nse historical data) as i am new to metastock.
11 POINT RANGE 5513.6-5124
Good morning Ilango Sir and all blogmates.
Ilango Sir "GO Long here for 15 - 20 points only".
Raj "do not go long here
sell here at 5120"
CONFUSION!
Good Morning Ilango Sir & all Blogmates,
Any Idea abt Bank Nifty, Where it can go, I Want to short at this level as positional trader. And any Idea abt ICICI & Axis Bank.....
With Regard
Alok
Good morning Ilango sir and all.
hi..sandy,
VAH-POC-VAL is provided by Viren. I haven't received them.
@Arun, that is a small short term trade with NS 5110 SL.
If it breaks 5110, it may correct deeper.
Ilango sir can you give the open for today
thanks ilango sir
hi..Satheesh,
There are a few freak quotes 5102 & 5150.
I am taking the open & High as 5127.0
Dear Ilango Sir,
I have long position in NF at 5140 with SL5090. You told Arun "If it breaks 5110, it may correct deeper". Can I modify my stoploss ? or at same level?
Thanks
hi
dear sir ilango is it sell for below NS 5110 for conservative trade ?
regards,
alpesh
Can anyone give link for metastock thanks in advance.
================
enjoy the fall
sold at 5120
target - 5080
================
Dear Ilango Sir,
Any modification of SL of 5090NS for conservative longs bought at 5130?
Thanks
can we long nifty here for 15-20 points...any1 please advice
are you mad or what.nifty is falling.do not buy
sir, i can see in 5 min chart between dates 11-12 and 15 there is hs with nl broken target 5090-5080
Risky long taken at NS@5101, to make avg for friday long. Stop lose same as 5090
no longs - hold short with SL of 5150
The IV's of call options have slightly declined today, while that of PE's there was huge increase...atleast 200 bps in each of strikes.....
5100 & 5200 CE's has seen good amt of OI addtion today which almost indicates that market might stay below 5100 in the coming sessions.
5000 PE has huge OI concentration of more 1.2 crores and it has seen a small amt of addtion today.
Illango - VAH 5132 / POC - 5115 - VAL - 5098
blundered again, bought 5200 PE @26.4 today :(
mynac/arv/sanjay
ur oi intrepretation
@ Hi gautam
can u change the text to a chart in amibroker or metastock..manunidhi321@gmail.com
Thank you...Gautam Bajaj.
= = = = = = = = = = = = = =
That more or less gives the risk-reward for the intraday trade.
Our positional Longs SL remains same @ 5090.
Mr.Ilango,
5090 should we consider only as SL for our longs or can we reverse trade @5090 in to short?
book shorts
and enter longs,sl-5102 ns
Mr.Babu,
Small Doubt (reg. Stop & Reverse). I have long in NF at 5140 with SL5090 NS. If Nifty slips below 5090, I will close my long.
After that can I short NF below 5090 NS? or wait for Ilango Sir's Confirmation through his posting at same time?
Thanks in advance.
Ilango
Nifty is below Intra Hema & Lema & also below daily ea & Hema.
so its short right.
what the sl & tgt for that then?
ilango sir
=====================
no reply from you about stock strategy
======================
manu not sure i understood ur ques.
you can type on the chart and take a print screen - past n paint
hope that clarifies.
Ilago - please call me gautam :)
Thanks Gautam / Ilango
= = = = = = = = = = = =
Input from my critic:
= = = = = = = = = = = = =
This correction will continue initially to 5020-5000 and then the next course of action will be revealed.
So exit Longs and initiate shorts from 5115 - 5130 zone.
Ilango
also whats the position of EW counts.
what r t chances that the corrective rally ended om friday & down wave started.
dear rajgopal and other fellow board members
kindly advise me the state of bharti airtel and rel capital, if considered to be long
kindly mention levels also
thanking u
rparekh r
@Prabhakar,
You are right, i bought nifty @5101 just to avg my long and also back up for my shorts of Unitech and Suzlon. Do remember i have only 3 lots only in nifty.
@Prabkhar,
Do as Sir told
rochak,
Rel capital is in oversold zone. The pattern of this stock is to reverse at some stage and cross 800 range.
@learningEW,
Daily TA is quite OB and the rsi suggests of a drop soon.
There is no clarity on the short term count. However, the deep fall of 5 waves from 5309 to 4675 has been corrected by a clear "ABC" wave.
This "C" of the "ABC" may go a bit more or may have already topped too.
All the above observations will be confirmed only if Nifty impulses down which is not happening yet.
It is the second time Nifty has closed below the "Day High ema" in 4 days time. It is , then, prudent to play for the correction now.
Rochak - Bharti I responded on 12.03 - other than that the stock is showing -ve divergence.
Relcap-had a fantastic run and time for cooling. Plus the stock is also exhibiting -ve divergence in ST and LT.
Can't we wait for over all market conditions to favour Longs ?
(Disclaimer : I am short in Bharti and Relcap).
Ilango
thanks
how to find/confirm if Nifty has started impulse down.do we hv to look at lower time frame/wait for close below daily 5eam/daily Lema.
ilango can't you read my questions
========================
you have no answer to reply me.
do not fool people with your gimmicks.
in five minutes span you say buy and sell no proper stop loss you suggest.
if you have guts answer my query or i will leave this forum.it's waste of time to waste knowledge here.
reposing
=========================
Sir i have a few doubts about your stock calls.
in tata steel you said to sell today between 610-614.and target is 600-595.same stock in conservative you bought at 607.50 and stop loss is 601.5.
if intraday target achieves your conservative stop loss hits.
in this stock trading nothing but we are making broker rich and i don't gain anything.
same thing with icici bank and unitech also.
can you tell me how much i can make money with this non useful strategy.
============================
haaaaa........aarambichitangaya aarambichitange.......
room konchem nimmadiya irindudu. :-(
Sir,
I am back mnow.
uraj,
behave properly. if u dont like, please go.
see how you changed ur mind in 18 min. (11:00AM-11:07AM to 11:25AM)
raj said...
================
enjoy the fall
sold at 5120
target - 5080
================
March 15, 2010 11:00 AM
STOCK4SURE said...
can we long nifty here for 15-20 points...any1 please advice
March 15, 2010 11:06 AM
raj said...
are you mad or what.nifty is falling.do not buy
March 15, 2010 11:07 AM
raj said...
book shorts
and enter longs,sl-5102 ns
March 15, 2010 11:25 AM
yes..learningEW,
We need to see the "hourly prices" for umpulsive move down to get an early conf.
Raj
i agree sometimes things do become confusing.if Ilango is not replying here email him.
he s also busy.
cool down otherwise pls dont post here.
Ilango
thanks.
do post if it gets confirmed.
@Raj,
Since you have already judged my "Interactive" trading suggestion as "Non Useful Strtegy", there is nothing I can add to it.
You want something from me and you express them with such disdain.
I express such "Mutual respect" even for novice and you use such language with me..
Raj be a mature person. Pls. understand that this beautiful blog is of real help for many traders. Thanks in anticipation & bet of luck.
Dear Raj,
Ilango makes learned interpretation of the expected move. If I understand,there is clear distinction between day and positional trades.
("expiry dates").
Inspite of all this - he can also be defeated by the market - he neither controls it nor has ulterior motive in his suggestions.
Kindly do not allow momentary emotions to dictate words. An angry moement often does what we cannot repent for years.
Please don't hurt sentiments. He is one honest person who declares "stopped out" trades.
Dear Friends,
There is nothing confusing in the blog. There are 2 types of trades :
1. Intra day
2. Positional
Now one needs to see what type of a trader he is? If one does only intra day then take that and one does positional then take the other.
Sunil
@ Raj,
Hi,
“Some cause happiness wherever they go. Others… whenever they go”
U look like the later one.
Mr. Raj,
Try not to see this blog for one trading day and then you will realise what you are getting from Ilango.We tend to take things for granted very soon. Only when we are deprived of it than we respect and are thankful for what we are getting. This applies to every sphere of life. Please have a sense of gratitude for all that we receive. Further pl do not forget that Ilango has not been keeping well and probably not able to devote much time.
Best
ilango sir,sorry if words hurt you.
govind
my strategy made profits
in ilango stok strategy
we are simply making broker rich.
come in to reality friends
in small time i made profit on shorts and long is also in profit.
do not support ,any boy have guts to reply my query on stocks
@Raj,
“Knowledge is knowing that tomato is a fruit. Wisdom is not putting a tomato in the fruit salad”
You appear neither knowledgable nor wise
Raj,
Sir has clearly mentioned to go short only at the levels of booking targets for the positional long at 610-614 range. I think you did not read it properly. Also if he gives a range it does not mean you should accept it. If you find it non useful you can very well find someother useful strategy. If it works for you continue otherwise QUIT. It is no compulsion.
Raj,
If you are such a genius than why waste time here bragging????? Concentrate on your method and keep quite.
@Prabkahar
1 Lot i exited, coz it crossed by my avg price. so now back to 25% holding
@ Raj - Quote - ilango can't you read my questions - He is not running any paid service and it's not must that he has to answer for everybody's questions.
@ Raj - Quote : if you have guts answer my query or i will leave this forum.it's waste of time to waste knowledge here.
Ofcourse don't waste your time and knowledge here it's better leave this forum.
Dear All,
I like to point out one thing; Mr. Ilango is sharing “trade suggestions”. He is not a so called ‘call provider’. He is sharing his abundant knowledge and experience with us. If we are interested or suitable to us we can utilize his suggestions. There is no completion at all. We don’t have any rights to question him for any reason.
I request, please don’t try to disturb his work.
Mr.Ilango,
//So exit Longs and initiate shorts from 5115 - 5130 zone// - are we going to follow this for conservative trade (or) should wait till SL 5090 holds ?
@Raj
as Sujatha suggests--------
Please leave the blog with my thanks in that anticipation.
“Some cause happiness wherever they go. Others… whenever they go”
You can surprise us by giving this happiness, though it is least expected by your mannerism.
Ilango,
What SL should one keep for shorts being initiated here at 5125 levels?
Raj
ppl who really want to contribute (along with Ilango ) so that a newbie like me can learn r doing so (like Viren ).
Dear, Raj,
Most of us here are DAY TRADER.
Day Traders takes their profit 0.3%-0.6%-0.9%.
We DON'T CARE if we are simply making broker rich or not.
Sir,
Can we exit long?. Coz we are in +ve :)
Mr.Raja & arun,
Have you exited longs? Am curious to know the status of my crime partners. :)
assotz,
Yes, I exited my long at 5128.
Any updates from our other crime partner?:)
Yes assortZ - moment I say my 12pts itself. Didn't have the guts. Decided to play for 12 till either 5160 or 5080 is reached.
===========
Manu - You are pampering MIL. She is getting bloated. Can I send her return ticket please ?
Love to the little beauty.
Thanks arun for reply..i hope Mr.Raja still exist in the crime scene as I do :)
ALL BLOGMATES------------------
ACCORDING TO MY OPINION PEOPLE WHO GET ANGRY, LOSE TEMPER, BECOME MANNERLESS. SHUD PREFERABLY NOT BE RESPONDED TO.
LETTING THEM STAY WITH THEIR ANGER IS ALSO A PUNISHMENT
THOUGH I AM NOT PERSONALLY SUCH A COOL PERSON BUT I HAVE SEEN IT WORKS
assortz,
It may reach 5145-5155 as ilango sir indicated in previous post. All the best!!
Mr. Babu,
I exited my NF long at 5130 and shorted NF at same level.
@Prabhakar
i exited one more with 7 points profit, remaining one stop lose as break even NS@5117.
If stop lose executes.. total profit for conservative long is 7 rs :)
@Prabhakar,
I suggest, if nifty is in narrow range trade stocks.
5100 calls are shedding decent amount of OI..
@Babu
As per Sir's posting I shorted NF at 5130
= = = = = = = = =
NEW POST DONE
= = = = = == = =
BUY BAJAJ HINDUSTAN, reversing up after showing +ve div....as per my critic's observations.
A short initiated here should have a SL of 5160.
based on TA had thought it would gv a bigger fall then it did today till morning.
may be gving chance of sell on rise.
lets watch.
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