"As suggested earlier" SELL @ 5305-5315NF with a SL 5350.
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...
68 comments:
Ilango sir,
one more added to the question list.
Can a -/+ divergence be taken as valid only if the 9 ema crossover takes place in fmacd/smacd?
Sir
Is that SELL @ 5305-5315NF or "SOLD @ 5305 NF" SL. 5350. a CONSERVATIVE SHORT POSITION ?
Pls Claridfy so I can also take posn.
ilango sir,
is it advisable to go short in BN @ 9425/- positionally...?
-arpit
@ Govind,
It is "SOLD" for conservative Trade.
@ arpit,
As long as you keep a SL in place, a sell can be initiated in BN too. Reminding you that BN is outperforming Nifty strongly .
@viren
that ws gud wrk by both u and shai..
i posted it in d morning for sir coments..
but prob will get by eod..
Sir
Thank u very much for clarifucation. I have ZERO position now. I will stay ZERO until a clear Conservative BUY or SELL takes place.
Sir and everybody else. Have very good weekend. I am leaving for day.
@ Manu,
Amazing math.
There is so much more of the market you discover every day.
The open and close of Tatasteel is almost same for the past 3 hours. Does it signify any specific moves?
rg sir,
how u calculated orb for 15 min in i chart my low was 5268 5282.65 closing 5260, so orb was also +8 +22.
outer ranges must be forming after inner ranges.like u take a long position and then it starts falling what u do , ur outer range not formed yet how do u keep sl.
@ raja,
waiting for "friday rule" to oblige..to boost our SHORT
Awaiting similar pattern took place at US last night
@RG....
is it 2.30?:)
Govind but sir has told it is conservative trade
@ Viren,
I went thru' Vtrender blog and the one in which "Shai" has calculated the likely Nifty close for the expiry.
That shows there is no replacement to hard work.
And there are many ways to figure out the market and make money. As long as we don't chase "absolutes", we will be alright.
sir
:)
u r absolute fr us..no prejudice nor presumptions
Ilango sir , SL 5250 NS or NF?
One more thing if we see closing today above hour high ema, r we exiting conservatives short or carrying?
REOPSTING..
@sri
thanks for your concern...yes its more than 800 pages...that will take ages in PDF form..can you buy this online?..can you forward a link if any?...
"intrepretation of financial statements" this is nice quick reference guide
Thanks a million for help
@viren
This time I was the last one to post and repost... snatched that honor from you !!!
"I would advise everybody to emulate Anuj and get a deeper understanding of the subject"
emulate or immolate...I think you made a typo!!...ha ha
I read that post on vtrender..was interesting...what is the basis behind that maths I could not figure out ..will read again in weekend
Cheers
@ bizagra,
A close below 5264 would be ideal for the shorts.
If prices don't follow down now, bring down the SL to day's high and exit the trade.
Hi Ilango,
Can you copy me on the options reading material also? My id srinivash@gmail.com
Thanks
Dear Ilango Sir,
Can I have copy of the Options material as well.
ramaswamy_narayan@yahoo.co.in
Thank you sir,
Sundar
Piyush - I don't get so techie on P2P. The readings in my tickchart were L5273 H5293 first 15mins. 93-73=20.Leave 4 on each side.
I am Not Techie on P2P.
@ Manu,
I am still fighting my prejudices. I saw singapore Nifty and altered my buy levels yesterday to lower levels yesterday:
In Nifty from 5205 to 5193
In Bank Nifty from 9165 to 9125.
Both the lower levels did not come but my original levels came.
This is just one of many prejudices i am fighting against..
@ Illango
Well put.There are no absolutes in trading.
@ Anuj,
We can clearly see "burning" in you, your passion for this market.
Cheers.
respected blogmates
i m still holding short of both in banknifty and nifty....RG sir please 2.30 factor zaroor dikhana...i need it badly
regards
vikram
@rm
Thank you very much really appreciate your searching skills...the links that you provide are of high quality.I just noticed your message in last post
Cheers
respected blogmates
i m still holding short of both in banknifty and nifty....RG sir please 2.30 factor zaroor dikhana...i need it badly
regards
vikram
Anuj,
I would be happy if I get the links forwarded to rrkrsn@gmail.com..thanks
@viren
thanks
I am already getting the "burnt out" feeling after checking that options book (more than 800 page!!)took 5 minutes to scroll the contents!!
:))
Dear Anuj,
Try this site also.
Optiontradingpedia.com.
Best regards
Sundar
2.30 in deep slumber ? Not moving either side. Utoh bahi...
dear blogmates
here i am looking this blog for the first time ,just entered in the stock market,,,can any body please tell me ,where can i get the basic information to read so that i can follow all your comments and advices ....ilongo sir's advices ....please because i am new ,,somebody help me
sir what is latest on bajaj hind pls comment
@Srinivas
Please look at "Always Start Trading with these" links on the right hand side of the blog.
Regards.
dear ilongo sir,,,,,
please any body send me the material to read about the stratagy of ilongo sir and other good posts to understand the stratagy ....my mail id is ....saptasaila@gmail.com.......any body please
thank you
regards
@assortZ
all the links mentioned by sri ,viren in previous post along with that option book download link
@Ilango please seen the reading material to assortZ as well along with others
@srinivas,
Also search this blog for “ technical analysis explained”..you will get two great posts from Ilango sir.
@Vikram,
I see higher prices and a b/out ahead.
Reasoning :
the low of today is the top of the 5220-5272 range we were following.
Buyers were in control all day.
Besides it is the time for fund managers to do some 'window dressing'
@rm sir
thank you and i will go through this ...if any thing else please tell me my mail is ....saptasaila@gmail.com
thank you sir ....
@Anuj,
ha ha...
take a nice walk to daryaganj in the evening
u may get much more than hull...
ha ha
sri
@all...so much information about everything...difficult to choose which one to choose...thanks every one for support...have a nice weekend ...wait for Ilango story now....
@ viren
in US also fin closing on 31.3 or 31.12
as i hav always seen mad money coming frm mid march till may..then a crash ,04,06 ..in o8 it ws jan..lets c its 2010 now..
sir, shorts to be exited today whereever possible right???????
Yes.. Piyush Sharda,
As the prices are not following a "down" path, let us follow "it's" path.
@srinivas
I can read your mind...have just entered stock market and you already have a "LONG" bias
How do I know that ?
Ilango becomes "iLONGo" = long bias
Dont mind ...just joking...welcome to the blog...hope you have a nice time here...both learning and fun..mixing business with pleasure
And it's my "pleasure" to welcome you here...
Cheers
@ilango and srinavas
Today I am using a lot of PUNs...cant help it after all we are all "PUNters"!!
:))
Ilango sir, now going down, can we short if closing below 5266?
Manu,
They take 31st dec, but end of quarter is a big factor.
Incidentally, if you see their charts for dec, there was no volatility then and a side-ways action.
yeah I knw, may has been a story of crashes, let's see..
sir
critics view ths weekend:)
last wekend alos no comment frm thm:)
rajagopal sir,
I am carrying nifty short at 5305
R u carrying any lot?
rajgopal sir 4 is thumb rule
Yes.. I am Carrying the "Shorts".
Thank you for your quick reply Sir.
Ilango jiiii
Thanks :)
Manu: Just got the Critics view for the weekend.
Positive Diver(sion)gence-Forget Market. Spend lot of time with family. Go for Long walks.
====
Anul at his element !!!
Dear Ilango sir
Do see 90 points triangle on daily charts ??? can u show us that triangle on daily charts
PLEASE
raja
u dont miss exchanges fr my d ths weekend:)
Sri -
May your Boss dump your car with files and ledger prints.
(Will do my home work. Thanks. Must be interesting).
Anuj - Thank you for the formulae. Very kind of you. Must work on the integration into my file.
I meant Anuj at his elements.
Bye. Have a nice week end.
Kept it ready Dear Manu.
Arun - With You - same level.
Oops..missed out ilango sir’s one liner.. not covered longs and still carrying them..it seems am against all the friends here :)
fingers crossed till Monday.. any company?
@assortz
I am very much sure RG must be with u :)
No babu… RG is not in crime :)
Arun - rajagopal sir,
I am carrying nifty short at 5305
R u carrying any lot?
RG - Arun - With You - same level.
Hi Anuj,
I read the following two books and found them good as an introduction to futures and options.
How to make money trading derivatives: by Ashwani Gujral
Options and futures – An Indian perspective: by
D C Patwari, Anshul Bhargava
Enjoy :-)
Hi Illango Sir,
your stock recommendations are really grt, I being a small trader have lost a lot of moneybefore following your stock reccommendations but sice the day i have started following it i have made some money. Thanx for it. Plz continue giving it
regards
@shr
Thanks for your suggestions
Have a nice weekend
Hi Anuj,
You are welcome. Also look out for articles written by Devangshu Datta in Outlook Profit magazine and in Business Standard's Monday supplement "The smart investor". He outlines exotic nifty options trading strategies.
Link to this monday's article - http://www.business-standard.com/india/news/attractive-strangles-close-to-money/389269/
Sunday's edition of The Business Line also presents a technical outlook of Sensex and Nifty. Previously they used to have a good article on Nifty futures outlook for the week. I hope they bring it back.
Link to last sunday's market outlook - http://www.thehindubusinessline.com/iw/2010/03/21/stories/2010032150050900.htm
Have a nice weekend.
assortZ : I have an assorted bag. Long held back in April and Short in May. Hope to manipulate one side with 12P.
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