It is a BUY area with a SL 5120.
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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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
98 comments:
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Mr.ilango,
Its been scary always..
When I do paper trades, everything looks rosy..but when enter a trade..price just flies in opposite direction…
Entered into long@5145 ( as per pre-market view- thought of entering at 5130 but since mkt was trading up..entered at 5145..after me entered..it just tanked to 5135)..going to sit tight with this entry till I get reasonable returns with S/L of 5090 which is recent low..
Sir,
Thanks god, Covered shorts without loosing any thing. so i can re claim that i never lost money in this blog :)
Satheesh - Good Caution. Thanks for sharing.
(Proves people like me right "don't pick up a call when the number is unknown!!!")
Hrly indicators still pointing downwards.. daily is still up OB.. EOD will know if the situation has changed .. for now.. SL for longs at 5123..
Below 5090 Sell Nifty for 5040
Mr.Ilango,
Sl is given as 5105..in pre-market view for the longs.. I will keep this as SL instead of 5090.
Is 5105 is arrived based on channel support? Pls clarify
@ assortz
abv 5120 (grn)
5105 (yllw)
5090(red)
drive safetly:)
am i right sir
Sir,
I initiated conservative long NS@5133, conservative longs are ON.. am i right? with stop lose of 5105
Dear Ilango Sir and Blogmates
Open Interest for March 2010 Date : 11/03/2010
Strike Call Chg % Put Chg %
4800 1109450 -1.16% 6909600 1.56%
4900 1716050 -2.05% 5925900 5.14%
5000 3928100 0.57% 12385550 2.32%
5100 7454150 14.43% 6762800 3.42%
5200 6134250 19.98% 2598800 10.92%
5300 4683200 9.40% 697700 3.91%
Thanks & Regards
Sanjay Kr Jaiswal
Manu,
got it and thanks for sharing trafiic rules .
Manu,
got it and thanks for sharing trafiic rules :)
do you know this site http://www.niftyviews.com/
how is this site sir?
@ raja
this is frm my d to ur d:)
lots of love
@saif
my predictions are purely based on intuition. i just look at weekly movements, highs, lows etc simple indicators which need no calculations.
@ manu
Very cute :) :)
Rajagopal sir,
I am holding one long bought @5120 levels. Please Correct me if I am wrong on this
manu,
So nice. What is this beauty's name?
Manu - The Most beautiful face I saw since leaving home this morning. Will share with my d. God bless her - so beautiful (resembles her mother?)
=========
Arun - My Long is at 10pts more. Will sit tight for "manna dropeth from heaven"(Merchant of Venice-Portia)
@sundar/satheesh
tks
her name is NAVYA
Mr.Ilango Sir,
SL for long in NF is 5120 or 5105?
Thanks
ilango sir'
FII Cash Market data since budget.
26-Feb-10 841.23
02-Mar-10 1335.32
03-Mar-10 959.17
04-Mar-10 633.81
05-Mar-10 913.34
08-Mar-10 1132.01
09-Mar-10 2173.09
10-Mar-10 364.36
11-Mar-10 304.87
can we interprete target 5300 intact ???
Hrly still down.. maybe we will hit SL of 5120? and test 5112
@raja
do share..
she is cut copy paste me..
remebers everyone on cbbc tv18-udyan,mitali,asha.sonia,lata,ashu u name anyone..
as i shifted all my market wrk home..
Mr.Raja,
Mine is +15 from yours..so, I need to sit more tight than you and arun- I will sit tight till my seat breaks here.
As our “midas touch” babu also entered long..i believe we all are going to book very nicely in this long entry based on his “never losting” theory .. lol
Mr.Babu,
Sir's premarket tabele shows SL for Nifty long is 5105 and above this page sir gave sl is 5120. Pl. clarify if you knows.
Thanks
Please watch Minuifty buy / sell quantity ratio
appx. 1.07 at this time, yesturday it was 2.4 all day.
Prabhakar,
As far as I understood, 5105 is Sl for conservative trade and 5120 is for aggressive intraday
Thank you assortZ Ji
Now This ratio is 1.93 , look change in buy side figurs
means a rally of 30 points in nifty, just for study purpose
@prabhakar
5120 is coz VAL 5121. So its for intratrade. i bought nifty NS@5133 and stop lose i will keep 5090. i bought only 25% of my normal qty.
manu sirjee she is cute and u wud be handsome too. half u tensions must be going away playing with her other half by patiala peg
sir
kissed sl unitech intraday..
conservative still to do..
in beta i suppose we must keep more room..
@ piyush pa ji
:) u r right..
@Manu, No Unitech stop lose is 73.50 i think
Thank you Mr.Babu
@babu
u r looking fut ..
sir values on spot
Most of the shares down but RIL and bank holding market, means can be rally or ????
@manu..
correct, correct. Thats why my stop lose not executed.
@ babu
i learnt a new word(optimistic one )
from stop loss 2 stop lose:)
Hi
broker given call Unitech short fut @74 sl@78, suzlon short fut @77 sl 80
All indicators down.. mkts may correct further
5.1 k calls seeing significant addition...nearing 80L...
At these CMP : Idea cellular and BHEL are at OB state with +ve divergence.(both)
Suzner and Unitech are in OB status but with -ve ST divergence.
rajagopal sir,
It looks like it is better to come out of our longs. Please share your thought
@ raja
i thnk a os status?
Dear Rajagopal
Friday 2.30 -ve... working out
15 min charts indicate +ve upmove
Correction : These are counters in OS state - NOT OB. (Eligible for Longs - depending on Market condition)
Error regretted.
HLL - had OB with -ve divergence. Went short EOD. Good returns.
Ref : Nifty-50-10.03.10.
hi dear sir ilango now
5100 call oi up 1331000 +20% signifance so look like up side limiled
regards<,
alpesh
can anybody share 2.00pm table values
Gautam Bajaj sir,
All indicators down.. mkts may correct further
March 12, 2010 1:52 PM
AND
15 min charts indicate +ve upmove
March 12, 2010 1:58 PM
HOw du u reconcil both statements?
5136 - 5 EMA
5146 - Hi EMA
5129 - Lo EMA
at 2.00 pm
@assort
5132.2, 5138.35, 5122.25, 5132.2
thanks a lot arpit!
thanks u.k.raj
@u.k.Raj,
it seems that we closed exactly at low ema..correct?
the shrt recover starts hr..
@assort
low EMA 5129
u k R : Hope 2.30 keeps to the broken trend of the past 2 weeks. Otherwise we are looking at -20 atleast !!!
@u.k.raj
tks
There is a script called SEINVEST - please watch it. It is doing what THINKSOFT used to do. Script has moved by 100% in very short time.
sir in nifty 5 min, it is in equilateralal traingle with +ve divergence. can we assume breakout in this case
@Rajagopal,
Lets hope from this week as per ur trend (I am holding puts)
@arpit345
thank you for EMAs
very helpful 4 those who access through mobiles as techtable no.s r blurred
please update regularly
Let’s see how our friend travels after 2.30..whether preferable to Raja or u.k.raj :)
hi mr illongo,can i cary nifty long buy@5142 pls sugest
Even if it goes down, please bear in mind that yesterday last 20 mins saw hectic buying by FIIs in NIFTY as reported earlier.
M&M to get final nod in next few days for selling Scorpio range vehicles in Amercia.......M&M seen rising on the official announcement of this news-Broker.
there is that monster bear screw white candle
u k R : La Belle Dame sans Mercy
Keeps us guessing for the week end.
Drunken monkey with broken Arrow !!!
nice article abt bhaiya ji...do read everyone..
http://www.openthemagazine.com/article/living/jhunjhunwala-s-real-bull-run
@Rajagopal
yes because of hot he reacts radically.
(for my puts next month end is dead line)
Dear Ilango Sir.
Can I carry my NF long initiated at 5140
Thanks.
Ilango Sir,
Pl. give your suggestions about Nifty at least by 3:25 P.M daily. This is my request.
Thanks
Rajagopal sir,
I am carrying my nifty long to tomorrow. any positions u want to carry overnight?
Ilango sir, tech table update please for 2.00pm and 3.00pm
Arun - We are partners in Crime.
Hi! Mr.Babu,
I think you are carrying NF Long.(Don't think otherwise)
rajgopal sir
i am feeling like carrying forward my long created in bharti telecome for next week,
what say
thanks
rparekhr
@Prabhakar,
Nifty is trading closer to 5130..POC. above the Hr Low ema.
It is a BUY area with a SL 5120.
12.10 PM message by Ilango.
Thank you Mr.u.k.Raj
No.. i am not carrying.. i closed NF @5144 with 7 points profit, Unitech exited with no lose no gain and shorted again, Suzlong short @77
Rochak - Bharti intraday call just came.
INTRADAY BUY BHARTI ABOVE 299 SL 291 TARGET 308
Only problem with this stock is never 3 successive +days. Corrects in a hurry.
Unitech exited coz according to cash market stop lose executed
We have made a trade plan and we must stick to it.
As Babu has done, one can have light positions(30%) of longs.
SL 5120 has held...as well as the positional 5105.
A close above 5138 would give more joy to bulls. The average presently is 5135..
Is Conservative long is still going on Babu ?
5136 5146 5128
for 3 pm
satheesh sir
Market is going to end in a confused state. I think it is better not to hold any long position.
Ilango - just cool off. Take good rest and recover. Only story we want from you this week end is "How an hard working (for others) man fell ill and recovered".
God be with you.
yes but do remember i am carrying only 25% ( after seeing Sir's call)
@Rajagopal,
This week's story is on you...!!! & + more..
I will take heart that the actual closing is 5138.80..
I am also cayrrying 25% long.
Mr.Raja,
You are really way ahead of us..we all completely forgot that Mr.llango is not feeling well but expecting him to answer our each and every queries which is flashing in our mind for every crazy 10 point movements.. we have long way to go.. thanks for wishing him to recover well on behalf of us
Bye All. Have a nice week end.
Dear Ilango,
Closing value is 5137. Take care sir
Bye All
Dear Ilango,
Despite your health,through out the day you were guiding us time to time,up dated tables for us. HATS OF TO YOU.For @225 intraday comments/queries you responded time to time.
We all request you to take rest and get well soon.
mynac
Nmdc..issue..1.22 times with maximum bids coming from Lic at Rs 300-00 lowest rate of band of 300--350 for fpo, which means retail will also get stock at Rs 300-00..which will put pressure on stock on monday as it closed at 363 ..... and may also to nifty next week.
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