Tuesday, March 2, 2010

Nifty PreMarket View

Why I am a Trader: by Dr.Brett Steenbarger

Trading requires that we be prepared and disciplined, that we continually learn and relearn.

Trading calls on us to be patient--and to be decisive; to believe in ourselves--and to be ever aware of our vulnerabilities;

I have learned to love the fact that market is always right. No matter how convinced I am of being right, I have learned to bow to the markets. Trading teaches us to be humble.

These three: Patience, Discipline and humility is what my critic emphasizes all the time.

43 comments:

arpitg345(gauresh) said...

Good Morning Ilango sir and other blogmates

-arpit

satheesh said...

Good morning Ilango sir and all

Thanks a lot Ilango sir for all the files you have shared.
thanks Sundar sir for your updates.

Unknown said...

Hi Good Morning all blogmates

Unknown said...

Thanks Anandan Sir,

Your call performance is very well guide to me and i make money ( whatever in small amount )instead of loosing money till the date.

Thanks a lot

Prabhakar said...

Good morning Mr.Ilango Sir and all blog mates.

Option Millionaire said...

Goodmorning Ilango ji and blogmates.

Happy Trading Tuesday.

Thanks

Babu said...

@Prabhakar

are you holding any thing?

Prabhakar said...

Sold NF at 4983 Intraday

Prabhakar said...

No Mr. Babu no Holdings.

Babu said...

@Prabhakar,

i suggest trade only the direction of conservative call is there. Once you learned you can do both sides. Otherwise you will hit stop lose

Prabhakar said...

No conservative long to me. Previously missed that long call.

Viren said...

GM all

Babu said...

@Prabhakar,

ya that i understood, what i am telling is, trade in the direction of conservative call. that means now conservative call is long side. so trade only long side. once you learned you can trade both directions. wait for market fall or wait for Sir's intraday long long call. otherwise you will hit stop lose

Anonymous said...

gm all

Prabhakar said...

Now I understood

Thank you Mr.Babu.

Anandan said...

Hi Guys, GM..
SALE : ICICI at 895.. Hindalco at 166.5 ,Infosys at 2637.... you can cover during Intraday or carry. or you can buy PUTs near spot.. one lot..
Anandan.R

Anonymous said...

Viren, where do you get the charts for market profile, kindly provide links if any.
Thanks,
sudhin

Prabhakar said...

Exited Nf at 4978.30 initiated at 4983

Anandan said...

Hi Guys,
Short Nifty at 4885.. levels. SL. 5020.. Target 4850.. or BUY 5000 puts.. ( this is for intraday possibility )
Anandan.r

Anandan said...
This comment has been removed by the author.
Ilango said...

GM to all.

@ Prabhakar,

There was no buying opp. You did the right thing of selling near the resistance. Why exit so soon.?

Yours is an intraday trade. All intra charts are Oversold. Keep 5005(50dma) as SL and sell for intraday for 25 - 30 points or trail it.

Anandan said...

Hi guys,
Can short Bank Nifty also...for intraday.

Anandan said...
This comment has been removed by the author.
Anandan said...
This comment has been removed by the author.
Prabhakar said...

Thank you Mr. Ilango Sir.

Ilango said...

ORB range is 4979 to 4996.

Anandan said...
This comment has been removed by the author.
Anonymous said...

Hi Ilango, sometimes u r using ema and sometimes sma, is it because it is nearest to the cmp as the case may be? or any rules when to use sma/ema?
NOW I THINK DOUBLE VERIFICATION PROBLEM HAS BEEN SOLVED.

Option Millionaire said...

Ilango ji,
open,high,low please.
Thank you

Ghanashyam said...

Hi anandan, GM
pls correct the typo & repost if u dont mind
Anandan said...
Hi Guys,
Short Nifty at 4885.. levels. SL. 5020.. Target 4850.. or BUY 5000 puts.. ( this is for intraday possibility )
Anandan.r

Piyush Sharda said...

ilango sir,

the methods rajgopal sir uses for intraday, is it called scalping????

Ilango said...

Open: 4976.75
High: 4996.40
Low : 4972.90

Option Millionaire said...

open= 4922.30 high=4996.40 low= 4935.35.
Am i correct ji ?

Option Millionaire said...

Thnak you so much ilango ji.

Viren said...

@men

http://volumedigger.com/Charts/Volume_Profile_Charts.aspx

Anandan said...

Hi Shyam,
thanks for reporting typo error..
Nifty 4985 levels SL 5020, Target : 4950 levels..thanks Anandan.R

Prabhakar said...

Dear Ilango Sir,

As per my trading software page, I am getting these following values of Nifty Spot

Open :4,935.60

High :4,996.40

These values are different from your mentioned vaues.

Low 4,935.35

Viren said...

Banks are looking strong today.

Bank Nifty is not a short till 8840-8830 breaks.

Ilango said...

NEW POST Done.

@ Prabhakar,

When you check the NF during gap up & down days, you can get the correct open, high , low values.

However, you may not be able to change them in "Readymade Softwares".

You can get the correct values here:

http://www.nseindia.com/marketinfo/charting/OnlineContractIndexChart.jsp?instrument=FUTIDX&symbol=NIFTY&expirydate=29OCT2009&optiontype=&strikeprice=&indexname=S%26P+CNX+NIFTY&charttype=ONLINE_CONTRACT_INDEX&series=EQ&mkttype=N&key=&segment=FO&symb=&flag=0

manu said...

sir & family
GM
"There is also a "Bullish 3 method" in the hour chart which require a bull candle as big as today's for confirmation."

plz explain as i think a bull candle ws established..

regards

manu said...

sir & family
gm

"There is also a "Bullish 3 method" in the hour chart which require a bull candle as big as today's for confirmation."

plz explain the bull candle..i think a bull candle is made 2dy..

regards

Ghanashyam said...

thanks Anandan,

actually this is GG from VFM, for google account it takes my nick name, shyam derived from "ghanashyam"

sriganeshh said...

ilango sir,

thanks for your views on LT.

best
sri

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