Monday, March 8, 2010

Nifty making rising wedge in short term.

Nifty TA,
Bank Nifty TA,
Rajagopal's Nifty 50 stocks ready reckoner = download from the link at the top right side.



14 comments:

sadanand balwant said...

Dear Ilango,
Today Nifty Future never crossed 5124 after 1.35p.m.up to closing, from where market fell down with intraday volume, up to 5115 and then stopped at 5105.Even it closed in lower range of the day at 5117.55.Your comment "A rising wedge in the making with -ve div." is the signal atleast for tomorrow's day trading,what I think so.Addition of 500000 O.I. when market came down indicates short openings at higher levels.Future Nifty has started it's upward journey from 4840 to 5145.straightway 305 points.Now it would take a halt,to start again if it wants to go further up.Another observation for options.Though market went up 5100 CE closed at 88.45 and it's WAP is 94.4 and 5200 CE closed at 42.25 and it's WAP is 46.45.on the contra though 5200 PE closed at 123.45 it's WAP is 120 and 5100 PE closed at 72.35 it's WAP is 72.55. interesting situation as usual for tomorrow's trading. Let us see tomorrow.Thanks.

AAR VEE said...

@ Rajagopal,

As i pointed out sometime ago,that behind the drunkard monk is a masterchef who is preparing a new dish for all of us.Great effort and brilliant outcome .keep it up.

@Ilango sir,
thanks for sharing resources of various dimensions to help all in trading and also encouaging by providing support and guidance in all time frames to bring the best out,in the process adding to our self confidence and faith in your methods.

sadanand balwant said...

Dear Rajagopal,
Thanks for your "Nifty 50 stocks".It's very creditable and a great achievement.It is very useful for Stock traders.Please Keep the good work.Thanks again.

Paresh said...

Ohh no i squred of my 4900 PE in loss. Seems like i lost my patience at the crucial time.

Unknown said...

RajaGopal Sir,
you didnt update the date in the excel sheet. Though it doesnt make any difference. Doing a good job. Keep up the good work sir.......

Rajagopal said...

Thank You Mynac,aarvee. I am using and finding it very dependable. For eg. today HCL was on "Short" call from two of the brokers. I held on to the TA of "OS" and stuck to my buy. Proved right.

The back bench student's minor reciprocatory-gesture to a great Teacher.

Sathish: Date is the key field. You mean on the file name?

Unknown said...

yes sir, on the date field.

Ameet Rajendra Doshi said...

sir one question from where u r getting open , high,and low of every hour means from which site?
and how can open will be change every hour?

prakash said...

Hi Mynac,
You said "...market went up 5100 CE closed at 88.45 and it's WAP is 94.4 and 5200 CE closed at 42.25 and it's WAP is 46.45 ..."

Can u please explain what is WAP and its consequences..

Regards
Prakash

Prosenjit said...

@ Rajagopal
Great effort!!! Keep it up.Thank you.

@Ilango,
thnx for inspiring others.

Rajesh said...

Rajgopal - Thanks much for the excel... How do we update the data in the file

BALA said...

Rajagopal ji
The RSI value is for 14/5/2 days.Top coloum is left blank

Thanks for the excellent help

You can also any other tech parameters is any like williams ,roc if you think is very useful.

How it is being downloaded by you directly in to excell sheet
Tahnks once again
Bala

sadanand balwant said...

@Prakash,
WAP = weighted average price.NSE site or any trading terminal provides it during and after trading hours.

sadanand balwant said...

"As Nifty close is at top of Anthara Gandahram it is likely to start its decline, provided it does not move to "Ga"(5168). Posted by Nandi at 8:21 PM.# Monday, March 8, 2010"
"Vipani Sangeetham."

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