Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
-
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...
48 comments:
hi dear sir,
plz check this link can i right for this bank nifty ?http://haritechanalysis.blogspot.com/2010/03/call-no-1-cmp-bank-nifty-9086.html
waiting for yr advice
cheersssssss,
alpesh
very interesting day..
rnrl,renuka,unitech -all in best five highly traded..ws way back in 2007 sep..big wave expected if ifci and ispat also join them..then last bubble..jan 08 a reminder(leehman struck in sep08)
Dear Manu,
The 5 above are your betas? Do you track LITL,Ashokleyland also?
But as these are high intensity trend followers than trend-setters (as say RIL,INFO,SBI,TISCO,TMF...) their raise or fall denote market has "risen" or "fallen". How are you using it?
for raja:)
a man married a chinese women and after few months she died for health reasons not knw..a friend of the man gvng condolence said
" yeh toh hona hi tha ..pata bhi tha ki chinese maal zayda nahi chalta"
Hi Sir,
Any view on ITC.....
With regards,
Alok
Aban:
Petrojack ,a Norway based company filed bankruptcy last week in which Abanis holding18% stake .
=========
A company which cant repay 1% of their loan means they are in deep trouble as minimum interest charged by banks will be 1% per month, ABAN with a loan of Rs.16685crs has failed to repay Rs.200 just above 1% so how will they service the debt so a long term investor should avoid-blog posting
But the stock is recovering today after two days of fall. News Vs. Price ?
Finally NF is ticking up .. still holding longs..wish to book them around 5150 and will join the “SHORTS” gang
sir, if possible pls comment on this
-------------------------------------------------
i have a question abt premarket banknifty,
yesterday u told as per closing below 5 ema we shud sell.
what is meaning of trade 9020-9160 does it mean we shud take intra long and short positions at 9020 and 9160 around respectively.
----------------------------------------------
i am seeing hs nl 5100 and inhs nl broken at 5140
Manu
"chinese maal zayda nahi chalta"
jantha toh kam sae kam Rs 1 crore insurance kar lethata mard.
@ raja
my strategy is wht i learnt frm my father..
put capital for trading lets take eg.1 lkh..annualy u must get 12-15% on it..the amonut u invested must be taken out whn u reach break even and rest profits aftr tht mst nt b withdrawn unless req..these profits must be utilized in buying stocks which yield dividend ..
holding capacity minimum 10 yrs..
he gav me 22k ashok leyland..i added a bit more ..i get 40k dividend frm the scrip only..
i miss him a lot..as whn i came frm my studies in business ..he ws nt thr..but always rembr his wrds..
@Manu,
:)
@ Alok,
ITC is in long term uptrend and poised to make new highs. It has completed a correction with a sharp fall, shaking off weak hands and moving higher.
@alpesh,
I generally don't look that far ahead. But that is a possibility as it is with Nifty too..
ril @ 1050 crossed neck line ?
cover nifty conservative short initiated @ 5030
hi..Piyush,
It is a likely trading range for the day. If I had worked a little more meticulously, I would have got the 8985(13 day ema....seen in the tech table) for the bottom.
Work hard at these immediate likely ranges, market rewards you well and the risk also minimised.
@rajagopal,
yes..that is also a possibility. btw,,are you the same rajagopal from bahrain...
with competition building up in the coming days, it is going to be more fun in banknifty...
sri
hi dear sir
can i buy bank nifty at 9015 for sl 9000 ?
thx for reply
yes..alpesh,
That is a low risk intra day trade.
thanks sir
Nifty trading in 16 points range for 4 hours since morning!
Ilango sir, please change the blog name from JUST NIFTY to something else, as we dont get anything in nifty nowdays!
Manu - Lovely words of wisdom. It will see you through. My point was just that the beta's reflect the market than lead it Raise or Fall.
=======
Sri - I am fond of cleanliness. Only one in the family to have a clean passport.
=======
Viren - BOB is added to the list of positional swingers. 598 to 615 range to and fro.
Mr.Ilango,
I have been in longs like a adamant kid .. my longs are based on your Friday EOD view and considering 5090 is held throughout last week..is it wise to exit at R1 of 5145 now or can wait till 5120/5100 holds ? It becomes very difficult to sit tight especially when all are in shorts :) ..sorry to trouble you with individual trade advices..will try to reduce such silly questions ..
ilango sir,
rel 1020 ce oi is still 10lakhs where as 1020 pe nearly doubled to 4 lakhs. how to interprete ?
nifty conservative short @ 5030 still valid ?
regards
assortZ,
Please follow your own method. Why compare..?
I put up a "Short" only because of "OB" status.
You have to take that decision of booking out/ initiate a sell/ stay neutral till the range is resolved one way or the other.
EW study...not so clear.
sorry
@5130
thanks mr.ilango..
@raja
do u play test match or 20-20:)
last 5 days test match..lets c who wins 2dy..
bought nifty 5100 call @ 76.5 SL 70 Target 87
"Tommorrow could be the last upmove..."-Ilango.
Euro today:
LONDON, March 16 (Reuters) - European stock index futures pointed to a higher open on Tuesday, rebounding from losses in the previous session, ahead of a Federal Reserve meeting in the United States where policymakers are expected to renew a pledge to keep rates low.
Rajagopal - Tuesday 2.30 +ve
Will it be up by another 20 points? More important will it go down from tommorrow ?
"Tommorrow could be the last upmove..."
Yes..this is the mantra line I have kept in mind since morning..
Thanks RajaGopal for BOB
=================================
Some negativity creeping in Nifty.Important that it holds VAH now. More important would be to move above 5144-5146.
BN is looking to retest day lows.If it holds then longs can be considered here for intra.
For interested friends, try 5 day Bollinger Bands it is still in that up range, unable to brk out
Dear Rajagopal,
What is the target for TCS(short). What is the time frame.
Please guide.
thanks
Babu Erode ; TCS short in not TA supported. Though OB stock has strong +ve divergence. It is an anti Short @ 820 in April. Please don't Short now - or if u have already ATB.
thank you sir,
@ Rajagopal Sir,
In your file ... what're the conditions for divergence? As there is no formula I can't check it for myself.
Rgds.
hi dear sir
what should be tgt for bank nifty buy ?
i think be 9067 daily low ema am i right sir ?
regards,
alpesh
hi blogmates...
could anyone comment on hindalco based on TA...
Rajib - I go by +/- fmacd/smacd at both day and week reading. Since it is an output file formulae are not visible.
We are at upper end of my daily range.
I'm going short here at 5153 with Sl at 5171 for intra.Looking for VAH.
Nifty call initiated @76.50 booked at 84
Short @ 5152 SL 5168 Target 5000
@ Dear Viren,
To day's VAH,POC,VAL ? Shall you give any idea/interpretation? Thanks.
Prashant "5000" (u get one Haywards with same #)
@ Rajagopal Sir,
Sorry could not understand that one-liner [have to excuse my ignorance :)
]
taking this example from ur weekly file ...
NTPC -0.82 -3.82 Over Sold -3.96 -1.06 Over Sold
Could you please explain (or any other example).
Rgds.
= = = = = = == = = = = = =
Broken out of the "frustrating" range atlast..
= = = = = = = == = = = = == =
= = = = = = == = = =
NEW POST DONE
= = = == = = = = = =
Looks like My stop at 5171 will be taken.
Banks have joined the party...
Post a Comment