Chart updated at 2.30PM:
Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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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 ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
94 comments:
Ilango sir,
i am short nifty@5311. Also have some 5300 calls written@ 99. can you please tell me the SL and targets that should be maintained.
thank you,
watch HotelLeel call option Rs. 50 strike price
buyers are double than sellers
ilango sir what is the update on bajaj hind isit still a hold
@ Bimon,
Keeping a SL of 5350 for NF positional and 5330 for NF intraday.
Whenever Nifty comes down to 5225-5200, you may cover the 5300CE. I will be updating the TA as the prices unfold.
@ Gaurav,
Bajaj Hindustan continues to have +ve div and it was recommended for "investments" for a short period.
Ilango,
5330 and 5350 are NS or NF prices?
so sir should ibuy more at dips
As understood from your post earlier 5330 is nf and 5350 was spot
Are we in to touch 5343 today ? Europe indicating firm opening with commodity stocks expected to perform?
sir & family
GA
sir c $(critics mat get excited):)
sir nifty 5300 put purchased @108.50 what can i do?
Manu - GA. Failed to do the activity (was travelling). Pls promise the doll it will be done ASAP.
@Salim
you can only sell :) just joking. Some one asked similar question read. I think he sold 5300 call
dear all,
what is the best option trade right now?
5300 ca or 5300 pe ?
pls advise .....
iam fresh in market
@raja
punjabi mein khethe hai"goli" woh bhi "pan pasand"..jo ab milti nahi:)
nywys my d wl wait fr ur lavable d:)
@ Manojag,
5340 was calculated as the day channel resistance.
We need to see how the prices react around there...
@ gaurav,
It is advisable to enter 25% of the qty at "OS" stage. Next 25% could be for averaging. The other 25% should be done only after it gives a buy signal above 5-ema and the remaining 25% on closing above 5-day high ema.
why market up 2day:
can be a reason?
India follows T+2 So, all LONGs for NAV jack
ing CLOSE today.so all mfs nav drama end 2day.
tnx
rahul
NIFTY @ 52 week HIGH?
Just my observation..there is no need to give more weightage for MF NAV myth as they look for Mid-caps especially on year end to boost NAV..we can simply ignore NAV myth but follow the price as told by Ilango sir on many occasions.. We can look for channel resistance marked by sir on pre-market view and decide the trade..
@rahul...my previous comment is for you
@Rahul
NAV theory is correct?. Coz i have around 12 lkhs invested in MF by SIP( around 7 MFs). Last 3 or 4 days they have shown -ve.
@babu
same here (-ve NAV)
Guys,
In one of my earlier comments when I mentioned NAV, I was referring to all instituational activity across borders.
I do not make a distinction btw FII/DII, as it does not give me an edge for my trading.
Premium reduced from 15 to 10..
@raja, dance for euro tunes - through? :)
Sir
I am short in Bank Nifty. Seems there is no stop to it. Is it a good time to average?
Regards
ilango sir,
any upper target for BN today and positionally..?
9630 is 52 week high ...so what would be the next or come down from here....?
Hi Sir,
Where you look nifty future intraday. Fresh buy @ 5330.
@Manu,
these days RBI foresee and act ahead on the currency front. Repo and reverse repo increase has the effect of nullifying the correlation for the time being...
IMO, markets still not factored or discounted this matter and will do so sharply probably at the time of scheduled credit policy...
@assortZ
the theory of NAV management by MF is to some extent affect market movement and you can see the charts posted by shai in his blog
But this things cannot continue till the last working day say 31st...
my guess is we may see short term correction on 31st...
@raja
what's ur patchi says....
sri
premium again RS. 17
Ilango sir, you are short both positional (5305) and intraday (5315) today. why u went short when ur table figures told us to go long? pl tell.
Sri Patchi shows Ilango's calling card symbol.
Will we near 5345+ today? Or many a slip between the cup and the lip?(aarvee9's pasted together?)
@raja
i will go with the trend...
sri
@sri,
got your point on NAV and thanks for referring Shai's article..
@viren,
//I do not make a distinction btw FII/DII, as it does not give me an edge for my trading.//
this is making me think...My guess is probably market profile system is inclusive or say reflection of all movements coz of its skewness towards volume. is it not?
tata steel giving early warning signal of a correction.lets hope it plays out.
Lovely Mano - just thought so. Twin sister SAIL is also drowsy. Will metals lead this correction and Banks resist it before RBI Gov takes the mike by 10th April?
Mano and Raja,
confident views..thanks..
if 5340 is not taken today..i hope we are carrying shorts..
ilango sir -we need your view?
assortZ : "Shorts" in hand?
Hope this is noe of the bloody Mondays that Viren is vary of.
Looks like the Drunkard found a bottle near the summit !!!
"Hope this is noe of the bloody Mondays that Viren is vary of"
Hope this is not one of the bloody Mondays that Viren is vary of.
@raja,
//assortZ : "Shorts" in hand?// yes boss..today no crime..just following mentor :)
Hi, Dear Friends
Any one in need of Ami Broker Intraday Trading fromula with 85 - 90 % accuracy mail to :
bhupat101@yahoo.co.in
A chart showing negative divergence in 5-minute chart is uploaded. Hour -ve div persists.
Now awaiting the price to follow through..One small step taken.
@ Manoj,
Have replied to your mail. I concur that view but would require certain follow up behaviour.
Ilango,
thanks
reliance flirting with yesterdays low.
"Rajagopal's 2.30 factor - Monday +ve might play out...if 5315NS is taken out soon.
regarding nav management, my feeling is that bonuses , performances etc r calculated on 31 closing., today;s price doesnt matter at all.
advance decline ratio is deteriorating continuously. currently at 497:829.
@piyush,
bonus, performance etc r based on whole year performance
sri
Piyush - not exactly today (trend already known). Funny feeling is that the correction (fundamental) trigger could be "below expectation" performance from some sectors !!!
=====
My broker circulated quote:
A FAMOUS POET ELIOT SAID:"WHEN U GET LITTLE YOU WANT MORE, WHEN U GET MORE, U DESIRE EVEN MORE, BUT WHEN U LOSE IT, U REALISE LITTLE WAS ENOUGH"Bookmark
Nifty is testing 5305 Spot
Yes..Bimon,
Today's upmove did not have the broader market support.
http://www.indiabulls.com/securities/market/market.htm
@ Satheesh,
"Did you make use of Viren's MP values to trade tata steel..??"
rg sir my news knowledge is bad so i dont know abt it much. @sri whatever little ,people try to squeeze. people overbill to show more sales in monthend. similaryy 1-2% better performance can give few hundred/thousand dollars more as bonus.probably that is the logic we compare quarterly and annual figures of performance and we take date as 31th march
OK Piyush. Just an example is Hero Honda - this high flier is down on market rejection of "Lower Interim Dividend" declared.
Just an illiterate's understanding.Don't take it seriously.
Dear Rajagopal sir,
suddenly all sugars are bliking???Is it any particular reason
Manu - what is Unitec beta upto? Can Longs be held ?
@sir/viren
thnx
wht r tisco values?
prob i missed it:)
the funny thing is the AD ratio if seen groupwise in ---http://bseindia.com/mktlive/adv_dec/groupwise.asp
A group ratio is 55:45. Then all other groups are negative.
@Piyush,
for your understanding...we both are referring diff things. i meant bonus, performance for the fund manager calculated on the basis of their portfolio performance...usually certain percentage.
whereas i understand u r referring the sales performance...which i have no idea but definitely it has no direct effect on market movements...
@Sriganesh,
I don't think MP is skewed towards volume.It only asks you to see price in the context of volume.Auction theory : Highest bidder gets the prize when there is no one else in the market.
RajaGopal,
I also got that quote from another person. Your broker has got good reach.
@raja
i do not knw y it didnt correctd till 69.5 ..d target is still 79-81..as any news will add 2 price action..abv 5ema now..
news: s.tax may be waived off(as rbi also chckng RE prices)
Illango sir yt U sugest regarding Nf short position ,taking home or book out loss @ 3.25?
VAH 648; POC 647: VAL 644.75
Ilango sir.
yes sir. I used viren's values to trade tatasteel. I went for a short. Thanks viren
good buying coming in sugar sector.
thnx sir
didnt study suzlon much took on critic positional call..ws stopped out half only..
wrong on my side as i do not hav study on d counter..
plz guide
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Bajaj Hindustan's reversal asfter
Positive divergence..
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Aum : Thank you for your very clear views without being obnoxious and remaining simple. Hope we will continue to get your meaningful insights unlike so many other people who left bitter taste here.
Thank you for adding value.
========
Manu : -ve news is the rate hike will hit realestate (Flats) sale - heard couple of industry biggies crying. That too another instalment of hike is expected and banks are on a go slow in housing loan approvals.
@sri wat i am saying is that whatever little can be done is done. market wont go up 15 % but it can go up 3-4 % in 3 days that can get a favourable bonus rather than not going up. that is wat people eye.
Sir,
bought bajajhind now. what should be the tgt and SL?
@ilango sir,
What indicator ( the bottom part - rsi, stoch ? ) did you use to figure out -ve div ? I am looking at different indicators on 5 min chart and I cannot see the same level of div ?
Thanks
gd
Rajagopal ji, one question..Do you also watch the order book for any clues when P2Ping?
Ilango sir, i hope we are carrying conservative shorts??
@ golfdude,
It is macd with 12, 26 period setting.
Sir,
What shld I do with the Nifty shorts (avg cost = 5311)?
Rajagopal sir - Vannakkam.
Went for Girivalam yesterday.
Many times I have seen that markets fall or rise(relative to the rest of day market) esp after 3 pm. Is it because the Intraday positions are liquidated/settled by brokerages etc. So if today the market has fallen then we infer intraday traders were long(in general)
Fellow bloggers ..Any thoughts on this..
sir,
bajajhind SL and tgt please.
@Ilango Sir
Is it OK to keep 68.40 as SL on Suzlon longs?
Thanks & regards.
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Yes..bizagra,
Conservative shorts remain.
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Ilango Sir, I am also waiting for your answer to bizagra's doubt
sir
nifty shrts and tisco too..
idea abt suzlon plz ?
Ilango sir, that’s nice sweep..like one from sachin :)
ilango sir,
is BN trading below Low 5EMA...?
Can it be shorted at this point...for positionally....?
-arpit
Satheesh - God bless you.
=======
Dangi - I don't mix any other parameter in P2P. Just the trend,Pivot and my destinations.
Illango,
It seems your weekend view worked out-hourly, daily, weekly.
Can you please post that updated chart again?
@ All,
Be extremely careful at these levels- long or short.
@ Manu,
Suzlon "may" not fall.
Today many stocks fell after -ve div such as RIL, tata Steel, Infosys, etc.
And some stocks have reverses after +ve div such as ONGC, Bajaj Hind, etc..
I have listed some stocks in "Stockwealth" blog.
thnx
i shrt tisco ..again without study:)
@ RM,
I will update views on suzlon EOD.
@ Viren,
Will update those charts EOD.
Bye All.
Thanks Illango.
Bye to all.
@ Viren,
Your tatasteel values helped me to initiate a short trade. If possible please put up the VAH POC and VAL values of the Stocks which ilango sir updates in his stock wealth blog. eg., tatasteel, unitech, icicibank, and reliance. Hope it would not take much of your time daily. It is my humble request.
@Ilango
Thank you Sir.
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