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...
81 comments:
Ilango sir
can you give the OHLC hourly values of tatasteel today?
dear Illango sir ,
please comment on nifty and banknifty ....who are holding shorts.....please sir
i can exit if you see something against my trade
regards and waiting
vikram
can a buy be initiated now with 624 as SL?
Manu,
The funny thing about news is that one never knows when it is "factored in" and when it has "caught the market by surprise".
Analysts love both ststements to justify their views.
inhs breakout in 5 min
@viren
:)
@sir
ur critic view ths expiry as $ index is !@#$%^&
they hav d best idea:)
Ilango
i c Nifty in range so would it be better as buy on dip near 5200 & sell on rise near 5240
@ Satheesh.
Tata Steel Hourly data
1 25/03/2010 10:00:00 638.00 638.00 633.10 635.10 755,368
2 25/03/2010 11:00:00 635.10 635.20 626.80 626.80 727,443
3 25/03/2010 12:00:00 626.80 629.75 626.80 628.90 301,876
4 25/03/2010 13:00:00 628.85 630.65 628.20 629.95 172,052
actually as today is the expiry day...it is very difficult for my type of newbie to get an idea that what operator want to do.....that is why i want some advise from you illango sir....but i feel that my godfather is not happy with me ....thatzwhy not replying to me
vikram
@Aarvee,
Your quiz – most of us are good at asking questions but no answer from us :) Answers are needed..pls enlighten
Thanks ilango sir
Vikram,
GF is always happy with all of us..i have seen him answering most of your queries for bank nifty :)
For today’s scenario, sir has given a long trade for small range..though the SL is hit..he commented that there should be some leeway for SL in sideways mkt which means still that LONG is valid until we break today’s low..If low is breached..surely he will give us one liners to trade..for the time being long can be held for small profits..
I hope my understanding is correct
@ Vikram,
BN: Has bounced off the recent supports @ 9165. Weakness only below this.
Nifty: I have given an intraday long @ 5210.It is such a narrow day..Above 5230NS, it could move higher to 5245-5255.
Or take the day off..
Just got the following info from my broker
Lot Size will be standardized w.e.f 31/03/2010 as per below mentioned table: CMP above Rs. 1601, lot Size 125; Between 801-1600, lot size 250; between 401-800, lot size 500, between 201-400, lot size 1000; between 101-200, lot size 2000; between 51-100, lot size 4000; between 25-50, lot size 8000; below Rs. 25, in multiple of 1000. Lot Sizes will be revised every six months from now on
Unitech is giving short opportunity?:)
babu
:()-():
thanx alot Illango ji and assortZ ji
let us see whichway we go
regards
vikram
Free charts, delayed available here
http://www.bazaartrend.com/nsecharts/intraday_free.php
one can make his / her own setting, for time frame and or indicators
@ aarvee,
your answers to quiz???
Us futures near VAH at 1166 currently
Values : 1166.25-1163.75-1162.75
Danger for market if trade below 5215 to 5220 zone
Ilango sir, as today is expiry day, and i exited my conservative shorts at lower levels, can i look to enter again before closing, that is if it is closing below 5 day ema? or if i get 5240-55?plz suggest.
hi..Bizagra,
Initiate short on the break of 5190.
It should move higher now....
again starting to weak...any calls for last one hour before the expiry
sir
hr data is filled with dates
whts d close at 2
amazing premium for april...growing by the hour.
@PowerOfNow,
Nifty lottery call - 5300 CE at 0.3.
Life is all abt taking chances...
:)
gd
Another lottery call - March 5100 PE at 0.1.
gd
Ilango sir wht sl can we hav for longs?? is it same 5205NF??
@raja
whts ur 2.30 factor + r -
Manu + (two earlier expiries happened in +ve note). Hope the jinx is broken.
===========
Viren - Kindly explain on your April Premium point. Does it mean April is looking Up ?
Good afternoon everybody.
thnx sir/raja
hr come mangoose..ta tanha..
sorry mangoose short frm mynac..
Dear manu,
with changed getup.looking very smart.
@ Dear manu,
with like this one too.
@mynac
thnx..
@ babu
is ur sl 72.85 nf april as its not crossing it..
:)
Dear Ilango,
The Nifty Fut. Volume wise rollover for this series is still on lower side.
Ilango sir, you once mentioned that every trade comes with an expiry time..what is the expiry time for the morning long trade? or is it just the price targets?
@manu
Unitech cash @72.45 i did short in march. sl@73 (R2 of Ilango sir). In April, i have another unitech short that is SF@74.60.
Dear Ilango,
consolidation @5200 level because everyone is just speaking regarding correction?but the under tone is telling something else.
RajaGopal,
Well it is overpriced by about 7-8 points.Can point to a larger move sometimes.
It should settle to 7-8 points soon.
mynac - undertone speaks something else???? - kindly explain
Dear satheesh,
for me it looks bullish only.towards 5350-70 at least.
Not today but in coming days.
Ilango sir, if we close above day high ema today, can we carry our intraday longs as conservative long or sud we exit at our targets today only?
Thanks, sorry for asking too many questions but students sud clear their doubts from teacher only.
sir above 5235, 5sma carry longs?????
Dear Ilango Sir,
I have long in NF (March) at 5210. Can I book Profit here Sir?
Thanks
Thursday lived by its trend. Another 17 points from here - it has give 20 between 2.30 and now.
Costly mistake to go with march future.
Should have opted for Apr.
@Manu
I think my unitech short got legs :) walking ..hehehehe
@ dangi,
It started with "Oversold" hourly and might turn up the daily again.
So the expiry may get changed from "Hours' to days....depending on the close.
So the "Long" created in the morning can be carried over if the close is above 5240.
papa(ril)
still in red..gv him green:)
Reducing Apr premium signifying the upmove is over.
Premium reduced from 18 to 7.
@ mynac,
can you explain in detail?
@Manu JIIIIIIIIIIII
exiting unitech... :)
Dear satheesh,
This not TA.mine is not authority but it is my thumb rule,that,when market shows consolidation for few days. For here, we may say,@5220 level. then from that rang/point generally 2.5 to 3% up move is expected, which comes to 5350-70+
"Thursday lived by its trend. Another 17 points from here - it has give 20 between 2.30 and now."
NF +37 - Every dog has its day.This poor one had its today.
sir
slr 5270
babu
i may exit uni..as it nt shwng strenth..
Ilango sir
can i buy nifty (april fut now) now
?
@manu
you went long on unitech?
yes babu..beta both uni /suzlon nt performing ..
some thing again cooking..
Ilango sir
the conservative sell SL is not yet reached. Can you tell how to go about the conservative short?
Sir
What is the next stop for Bank Nifty? It is 100+ point up.
Regards
@manu,
I followed Sir table, 72 is Pivot R1 @72.70, so that i went short @72.45 and kept R2 as SL.
babu
i m a positional trader in uni..expiry 2 expiry
(intrday beta is hectic)
intrday BN ,NF
Dear satheesh,
For Apr.Nifty Fut.only 3500000 o.i.out of 22661000 built up is below 5200 and remaining almost 19000000 O.I. built up is above 5200 ( mostly above 5220) and despite the globle clues they have held it up above 5220 so this one is another reason.
Dear Ilango Sir,
I booked profit in NF (intraday long) at 5260 initiated at 5210. Thanks for analysis.
@manu
i have position (short) in unitech. But this call given by broker and i am carrying.Suzlon and tata motors also i have shorts and carrying it
@ Satheesh,
I have given an intraday modification. Accordingly carry the longs initiated in the morning if it closes above 5240.
Sir
Thank u. I closed the short for loss. Will give peace of mind atleast.
Just one hitch. NIFTY vehicle again losing stream at 5267 - un intended coincidence? will it gather stream or break down ? Even if the morning is +ve - Remember it is a Friday. 2.30 -ve possible.(Last three Fridays consistently broke the trend - so the trend breaking trend will brake?)
====
Manu - Raj Tusi Great Ho!!!
Friends - Anyone downloading the N-50xls kindly refer to the "Trend" Sheet also. This gives the movement of key-parameters over the previous day and week.
I am refering to the volume+price combo alongwith EMA - gives me fairly decent trend.
BY everybody,
My holidays are over so will not able to participate as i was for few days,it was a wonderful experience, so feeling very bad,I will miss everybody,everyone during trading hours , but after market hours in the late eve/night I will definitely learn/enjoy from the day activity, Thanks everyone.
"Friends - Anyone downloading the N-50xls kindly refer to the "Trend" Sheet also. This gives the movement of key-parameters over the previous day and week."
- thanks rajagopal sir
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