This area also has significance in few targets such as
61.82% retracement of the fall comes @ 5067
An "abc" zigzag retrace @ 5090.
Holding "5000", Nifty may attempt these areas on the back of some big stocks.
Wednesday, March 3, 2010
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...
42 comments:
book profits in opening
rajnish said...
it is not advisable to short nf for tomorrow
buy 5020 nf
sl-4980
square off tomorrow morning
March 2, 2010 3:22 PM
Hi GM ILANGO SIR and Blogmates
Hi GM ILANGO SIR and Blogmates
I expect a gap down opening today but closing has to be flat/positive.
thanks for the advice
GOOD MORNING ILANGO SIR AND ALL BLOG MATES
10 p gain
thank you
rajnishp78@gmail.com
Rajnish Sir,
you got one mail yesterday from me. If you have free time, please see that.
Thanks
prabhakar
i got it.google it for answers.i am a bussinessman and passionate about share market,i do not trade in market.busy with work too.don't mind.
Thank you Mr.Rajnish Sir.
Good morning Ilango sir and all
Viren sir your market profile views please
Hi, Guys,
See the BUY list....
RIL up 2%.
Bajaj Hind..Up 3%
Renuka Up : 3%.
DLF, Bharthi, IFCI all showing up trend..
BOOK profits..
anandan.R
sir & family
GM..
the big stock wht sir explained on which nifty is sustaining is big B RIL..
shrt recovry if in ril may take nifty up a lot..
Hi dear and sweet sir ILANGO,
Thank u very much for your kind help us
regards,
alpesh
sale:5047 nf
sl-5080
GM to ALL,
Sir opening reading
Sir,
our conservative trade so far if we take min 2 lots
4842 to 4987 ( 1 lot) 4952 to 5025 ( 1 lot) , another lot 4842 to ...
hi..GM,
Open: 5021.95
Sold NF @5053 with SL 5080 NS
Sir / Anandan
What is the retrace level for Bank nifty? I cannot open the technical charts link at this point of time hence the query.
Thanks
GM ALL
Dear Ilango ji
Good morning. Happy trading Wednesday.
Thank you for the updates.(open)
hi..Babu,
Another lot, just booked out :)
Done Sir, even i did now after seeing your message
Dear Ilango sir,
Sold NF @5053 with SL 5080 NS. Pl. advice exit level.
Hi guys..
Market Operators cleverly keeping this market up.. by keeping RIL up 2.8%..
Bajaj Hind. UP..4.5%
Renuka Up..3.8%
DLF up 1.5..
IFCI, MLL,TTML,Bharthi,Rcom, all showing up..
Book profits..
Short Bank Nifty..& BUY 5200 / 5100 puts..
during Intraday.. Nifty and Bank Nifty both OB status..
Anandan.R
hi..Hitendra,
Bank Nifty got resisted at the open near its important channel formed over the past 6 months. A reaction from here and strength only above this today's opening high.
Sir,
one doubt.. i have still open positions in nifty. you are not closing conservative long totally ... am i right?
@ raja
whr r u man..
still holding conservative pants..
its summer in north nw(shorts needed)
negative divergences visible but guys ilango sir advised me yesterday with small sl when against the trend
till rajgopal sir makes his'"" crores from rs 200"" he will not reappear
Hi, guys,
BUY near spot price puts for Hindalco, TATAsteel, SAIL, Infosys,ICICIbank,
Only one lot suggested..
See L/T fall.. that is indicated for shorts..
Anandan.R
hi..Prabhakar,
25 to 30 points initially from the high of 5063 will give a target of Hour high ema @ 5029.
More weakness below opening level of 5022
Thank you Ilango Sir
Keep day's high a SL (5063)for any adventurous shorts as the trend is still UP.
L/T, and Maruti, fall as per the list of short side.. even market is up..see..
Now Nifty and Bank Nifty showing extrim OB status....
Keep booking your profits on long side stocks mentioned..
start buying PUT on the above mentioned short side stocks..
Anandan.R
Understood :)
No..Babu,
It is "Part Booking only" respecting the golden ratio.
No TA sell signal has emerged and neither a -ve div. in Hour charts.
NEW POST Done
trendline also broken with divergences, luks like shorts will get 10-15 points
yes sir, understood from your previous posting. fun in this blog is, what ever lots you take .. still it looks less lots :) ofcourse i don't change lots in each trade until unless i get profit of nifty * 50
http://www.asiantopper.com/stockindex.html
just have a look once
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