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...
61 comments:
Reposting....
Aarvee,
I do not work on the weekly, monthly profile charts for my positions.
For my swing trading needs, I monitor value areas on a daily basis and use the opening/ closing to adjust.
I work with only daily data for all my needs.
To answer your question specifically,
Your short is safe only below VAL. In btw VAH and VAL, buyers and sellers are agreeing on price.
Incidentally, I agree wholly with your view which Illango posted and the levels also.Keep it up..
Options Suggested : as on 08.03.2010 Suggested Entry price CMP Lot Size P/L Fund Needed
SAIL : 230 put 4.65 4.65 1350 0 6278
Suzlon : 80 put 2.50 2.65 3000 450 7500
Hindalco : 170 put 6.45 6.95 3518 1759 22691
Unitech : 80 Put 3.35 4.20 4500 3825 15075
Tata Steel : 620 put 21.00 21.10 764 76 16044
ICICI Bank : 920 put 24.70 25.50 350 280 8645
DLF : 320 put 10.00 12.50 800 2000 8000
JP Asst.. : 145 put 2.50 3.15 1688 1097 4220
9488 88453
Hi guys.. Using total fund of 90k around ... say 10% should have been made if some one follow above suggestions in the half a day.. can you agree...
Hold on for better results..Await for the end of the day../ next days..
Anandan.r
hi..Mojib'
You will find fibo. trading in the following link.
http://tradeinniftyonly.blogspot.com/2010/02/fibonacci-numbers-retracements-for.html
@ VIREN
thanks for the input.just wanted to checkout how can we use weekly MP figures with other datas to finetune the trade.
i normally have weekly positional trades ,fine tuning the enries and exits with ilango's sir tech table and hrly data,and intraday light trading only in direction of trend .
thanks for the encouragement on the post done.
@ sir
one request
the chart explaing on prvs post ws too complex fr me 2 understand..
could u explain the 5th of 5 finishes whr?
as per ur convnc or eod..
Rajagopal,
Isn't NSE symbol for Titan Futures TITAN?
I am not getting future quotes...
Manu,
My unitech SL would have been 76.7 for that entry.
@ anuj
looks like your Ew calculator trade can work out.till now nifty looks like trading in a channel of 20 points.if it holds 5115 NS ,as hrly data is showing ,it can very well go to 5160-65
or the break can do the opposite and take us to the MP- POC/PIVOT OF 5087-92
Viren I am not getting proper intraday charts in quote tracker. I am not able to get the price bars/candles. Should i change any configuration?
@aarvee
thanks for review
I would be comfortable Buying than selling though...and look for divergence in 1 mins chart...and not short after 1-30....will not blindly short or long based on levels...will see divergence then trendline as well...
@all
Please dont follow what I am doing...I am one crazy fellow here.
Joke..
Analyst on TV..
Buy abc, xyz, xxx calls and puts.
Next day market goes down, puts benefit and calls lose.
Analyst on TV again..
You lost money on calls because the market did not support...
You made money on puts because of my recommendation..
hi..Manu,
A new hourly chart updated for short term clarity.
Only for short term of 2-3 days in mind.
hi..Viren,
:)
It has profound truth.
Satheesh,
Send me a snapshot of what you see on my email.
Anuj-"I am one crazy fellow here" - correction - "I am the second crazy ..."
==========
Viren - will check. Titan must be the code. Compare the rates with CMP also. Futures are in lots of 206 shares.
Big Buyer in BN. Above 9170 no stopping.
Ilango Sir,
Shorted NF at 5130 with SL 5190 NS
@all
Lots of techies here I guess... any idea where we can find tutorials about EXCEL
I was working on market profile and got stuck while calculation ranges and assigning volume to respective range...which formula can we use in this case...VLOOKUP?
Thanks Ilango sir for your chart. Now it is clear what 5th of 5th means.
" Govt proposes to allow SBI to issue Bonus shares."
Big News????
RajaGopal,
I never got a bonus ever in SBI. Is it confirmed??
BN needs to overcome and sustain 9170. Nifty needs to do it at 5142.
Is SBIN moving NIFTY up? all of a sudden jumped to 2100!!!!!!!!!
Ilango
thanks.
we are there..likelyhood of rejection at these prices.
State Bank of India (amendment) bill proposes to trim govt stake to 51 pct from 55 pct
Finmin introduces bill to amend State Bank of India act.
NIFTY FUTURE traded from 9.00 to 9.05 a.m. i.e for just 5 minutes between 5140 to 5130.25 and the volume was 13,25,000.Now after almost 4 Hrs. later the total volume is @ 77,000,00 means 15% + of the entire volume was traded bet.above said price range and the WAP is 5129.85 let us see.
Rajagopal sir you posted about sbin at 12.44 pm. and it shot up from 12.45 - 12.50 pm from a low of 2048 to 2098. Power of news?????????
Rajagopal Sir, where did you get the news from - any website? If your brokers are that fast then really they must be appreciated.
Dear Friends
Govt proposes to allow SBI to issue Bonus Shares, so SBI on Fire
Thanks & Regards
Sanjay Kr Jaiswal
RajaGopal,
That indeed was very quick.
Thanks for the info.
Viren i have sent a mail of the snapshot of intraday chart to your mail
Dear Blogmates & Ilango Sir,
Here is the Open Interest Postion;
Strike Call Change% Put Change%
4900 1932900 -2.95% 5049650 5.63%
5000 4196950 -2.11% 7830850 11.38%
5100 7177800 3.69% 4076850 12.69%
5200 4808150 8.10% 1390000 50.52%
5300 3617750 5.17% 687450 3.98%
Thanks & Regards
Sanjay Kr Jaiswal
Anandan Sir,
Can you give the stoploss for your options recommendation?
We are holding up very nicely/
Markets will attempt to scale the levels mentioned. Watch the tape...
Thanks Sanjay. Addition in 5200PE is interesting.
Sanjay,
5100 call is pointing to a limited upside in the market. Do you have the IV details for these strikes.
Viren,
"scale levels mentioned"?? which levels ?? please clarify
9170 in BN
5142 in Nifty.
Pls check prev. posts.
Viren,
Thanks i missed it. Did you check your mail? Can you specify what correction I must do?
Where's Illango?
3 great trades, he gave on Friday:
1) Short at 5112
2) Long at 5065
3) Short at 5099
Over 60 points, that day..
...need more trades!!
@Prabhakar,
Change your SL to 5145NF for your "Shorts".
This is the "Inflection point".
< 5135NS - 5145NS >
Thank you Ilango Sir.
Ilango sir,
"Change your SL to 5145NF for your "Shorts"."
Do you suggest to change the SL from 50 points (5195) to 5145 now?
Please clarify
thanks,
Arun Govindan
That is right, Arun.(Based on one EW possibility...requires follow up conf.)
Hi guys..
If you have any one stock options..
Take note.. BUY only one lot.. the keep SL 30 to 40% your value..because you know Options up and down every day about 30 to 100%..
If you are in profits during Intraday. place trilling SL to protract your profits..
If you see profits don't hurry hurry exit..
suggestion is not to follow market rumors about any Bonus issues.. ( unless otherwise confirm ).
This Govt.. will try to sale every month 2 PSU's and enjoy the FPO or IPO.. etc..
Thanks..
anandan.R
Buyers are showing up...
This dip in Nifty will be bought..
Hi Guys.. see the current values of Puts suggested.. enjoy..
Options Suggested : as on 08.03.2010 Suggested Entry price CMP Lot Size P/L Fund Needed
SAIL : 230 put 4.65 5.10 1350 607 6278
Suzlon : 80 put 2.50 2.85 3000 1050 7500
Hindalco : 170 put 6.45 7.15 3518 2463 22691
Unitech : 80 Put 3.35 4.70 4500 6075 15075
Tata Steel : 620 put 21.00 21.10 764 76 16044
ICICI Bank : 920 put 24.70 25.50 350 280 8645
DLF : 320 put 10.00 12.50 800 2000 8000
JP Asst.. : 145 put 2.50 3.80 1688 2194 4220
14746 88453
so Profits showing about 14k by using 89k..
thanks
anandan.r
Viren - Hi I have reversed my 5140 short @ 5117 and going long. Do u have second thoughts?
(removed the post ?) No problem. You are expressing what the techo-meter says.
Anandan.
suggestion is not to follow market rumors about any Bonus issues.. ( unless otherwise confirm ). Said like a prophet.
But SBI prices listened to the rumour !!!
I removed the post, because I put the word Seller instead of Buyer in the prev post.
For Intra, my view is to be long as we are above VAH.
First sign of seller dominance will be a break of 5104, followed by a break of 5078.
5117 was a good place to close shorts.
Let's watch 5104.
Dear Ilango Sir,
Where should I exit my Nf short initiated at 5130
Thanks
Got it Viren. Keep Cummins,Ashok Leyland and Hindustan Construction in focus for Shorts. All at their unteady peaks. Short in all three.
Don't be angry Ilango - allow the child to indulge. Shorts in April.(Longer rope)
@ viren
MP is difficult..or i m a slow learner
Inability to take out 5142 and 9170 has brought the Nifty down to current levels.
5104 is crucial now, and action below that will determine trend for this week.As mentioned in the blog by Illango and others, we were looking for the top in the 5140-5180 range.The confirmation for the same is the trade below 5074-5104 range.
Hope this clarifies..
= = = = = = =
NEW POST DONE
= = = = = = =
@ Manu,
You give 4 years to get a degree.
How many years are you giving to learn the markets? Most pros say it is a 4 year course.
Should one buy into the dip in cash? if yes what?
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