Corrections upto 5050 looks alright as per technical parameters.
80% retracement for Nifty comes @ 5182 which may be the SL for "Shorts".
Bank Nifty has done its 80% @ 9178..!!
Thursday, March 11, 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...
49 comments:
Good Morning ilango sir and other blogmates
-arpit
sir and family
GM
last traded is mis typed boss
and r ur critics on holidays..no views expressed
GM Arpit and Manu,
Thanks Manu,
I will correct and reload it.
Its technically bullish and hence i guess it must breach 5050 today!
GM Ilango sir,
have mailed u some observations late in the night.kindly go through them.
regards
Good Morning all!
i want to share my excel sheet with you.that comes with 7 high ema and 3 low ema strategy.
i am using from 4 years and it provided me good results.
send me a request mail
tradermanoj@gmail.com
GM. Ilango..
I think you give clear direction today.. Since last two days in Pre_market view..
you have not mention about Short or Long..
So considered range bound trade.. today Hope we can see down ward pressure..
Thanks.. Anandan.R
@manoj....
Cant you upload it at 4shared?
it would be much easiear.give the link after uploading.
GM Ilango sir, plz confirm ORB gave a sell, plz give sl?
Thanks
yesterday sarvanan helped me with xl file of ilango sir. very patiently he logged in teamviewer and explained me . thank u very much saravanan for ur time and effort.
sundar sir aslo mailed me so thanks for it. i am yet to read it.
Good Morning.
Suggestion:
Due to some ill-meaning guests let's avoid sharing mail ids on line en masse.
tradermanoj@gmail.com - kindly consider manojag's suggestion.
Piyush - Atleast once in life recognise me man.
rajagopal evrything will not be easy as ilango doing
if you don't want avoid it and don't watch everybody with same eyes
Dear Manoj,
Kindly consider my well meaning suggestion.
I STICK TO MY STAND - PLEASE DO NOT CIRCULATE MAIL IDs.
Dear Ilango Sir & Blogmates,
Very Good Morning
Open Interest for March 2010 Date : 10/03/2010
Strike Call Chg % Put Chg %
4800 1140400 -3.98% 6796800 6.18%
4900 1785950 -1.53% 5370550 6.91%
5000 4101600 -0.13% 10200050 12.79%
5100 7561950 7.44% 5286600 16.85%
5200 5517900 1.40% 1733150 2.32%
5300 4198200 6.33% 671750 -0.57%
Thanks & Regards
Sanjay Kr Jaiswal
Rajagopal Sir, You deserve a lot credit. U have been wished the best by our Selfless Guru - Ilango Sir. What else do u need.
Please continue the great service..You are wonderful...All the Best..
I wish all the best to Sundar / Anandan / Viren as well..All of you are educating us everyday !!
Good morning!!
Whoever wearing SHORT pants!! DOW is trading @ -100
Sir,
One request ,please give a link on the right hand side of your blog how to follow your tech table so that anyone entering this blog will be able to follow at any time
thank you
prabha
Good morning!!
Whoever wearing SHORT pants!! DOW fut is trading @ -100
@all
morning
@raja
have u seen my yesterdays comments on Bk of Rajasthan..?
@mynac
cld u explain please the buildup in 4800 Put April series...there was a write up in ET also. would like to know ur perception of the same. Why should GS build such position...
@assortz
dow fut jst -25
http://www.igmarkets.co.uk/cfd/
@Sri - Missed it. Kindly repost.I am tracking BOR.
========
Piyush - I have sent you the file in mail yesterday (N-50).
=======
PLEASE DONOT CIRCULATE YOUR MAIL IDs. PLEASE. IT CAN DAMAGE YOUR MAIL/SYSTEM/WILL INVITE VERY UNWANTED MAILS.
@raja pa ji..
my 2 yr daughter is saying hi to u pa ji..
@manu,
Oops..isn’t it? My GCI shows dow fut @ 10460 which is -100
Hi Guys.., See the suggestion and understand..
Hindalco,TATASteel,JPAssot, L/T,IDFC,SBI,DLF, and yesterday I mention about HDFC,Tatamotors, MUL, SAIL.. all down..
Nifty will have downward pressure..reasons I have mentioned..
I wish to discontinue my suggestion.. Because this blog is only trade on Nifty.. and I feel Mr.Illango's suggestions best..
Guys Keep it up your all good work..
I forgot what ever bad .. I will carry only good.... If I hurt any one .. Please forgive me..
Best Regards to all and HOPE you all make good profitable trades..( that is why now NSE trying to add DOW and S&P futures )..
anadan sir
in you excell sheet. if any scrip is overbought but all trend indicates up then what should be done(sell or neutral or ????) as in the case with ACC.
5 EMA is up
high EMA is up
low EMA is up
overbought
what does it suggest.
is it ?? closing price is lower than High EMA but above 5 EMA and 5 Low EMA
please clarify my doubt.
anandan sir how to prepare your nifty 50 excell sheet with other scrip.it seems your excell sheet is derived from some other program cause no formulae is mention in any of the cell.
can you please share this with us to prepare such sheet for other scrip also.
@rajagopal,
repost
// going through intraday comments..seen urs on bank of rajasthan. It is quite a high risk gamble.
Just go through past private bank mergers with PSU's, RBI valued the share capital plus reserves at nil and shareholders has not got anything..fyi.//
best
sri
Anandan sir,
Its really sad that you are opting out of this blog.. I would suggest you dont be bothered with some anti-social elements.. nevertheless its your decision. But will you continue to send the daily mails?
Sri - Thank u Sri. Very sane thought. I am in for the "opportunity only" - Entered at 58.20 exit marked at 62. Fish again if it goes down.Just playing the volume game. If below 50 accumulate for the fundemental sounds.
(I have the honour of picking up Satyam @ 9.65paise-still holding)
GM all,
Nifty & S&P are below value.
Looking forward to trade S&P at NSE.
anandan sir;
tusi na jao ji.(you don't go anywhere , stay with us.)
Hi Ilangoji,
is this chart shows double zigzag or combination of corrective patterns known as 'double three'
Kind Regards,
Nirav Shah
Anybody tracking BF Utility?
@raja,
agreed..trade but dont hold. satyam is different case. Bk Rajasthan has to be compared with GTB.. u know man, i need not elaborate more..
sri
rajagopal this is not your place and i have the same right as you do.rajagopal first you send me a mail and i will send you the file.your mail box will be safe and tell other's later.don't be jallous about others.some time ago somebody said it right.why you are hiding things and playing hide and seek.
rajgopal sir ,
i just typed and sent u a mail
Hello ALL Holding 5200 put at 118 please suggest as 5090 shows triplle bottom?
Viren,
Can you please provide the VAH - POC - VAL for today (Nifty)
@ Viren.. BF utility... clsng abv 1191..tgt wud be 1248 / 1436 as per Fib. Retracement upside and clsng below 1133 will take to 948.
Daily
Supp 1111 / 1098 / 1076... Pivot 1133 Resi.1146 / 1168 / 1181.
Rgds,
Navnit
@Sandy
Ilango sir mentioned that on top. check it
= = = = = = = =
NEW POST DONE
= = = = = = = =
VAH, POC, VAL are mentioned in the premarket view's chart.
sandy for today vah poc val r 5130 5118 5110. ilango sir also updates on his premarket daily
@ Viren...Sorry mate... mine was purely a short term technical call... Cnbc TV18 is the best to figure such news... lol....;)
Thanks Ilango / Viren / Babu for Valuable input.
hi all
head & shoulder pattern formation in nifty in 5 min chart.(head) 5137,( neck line) 5092,tg 5092-45=5047. terminate if nifty above 5126.
Amrender Gill
Dear sriganeshh,Good Morning.
Regardin 29 Apr.4800 PE
Today Nifty Future 200DMA is 4785.35.Now from to day up to this month's expiry there are just 10 trading day's left and at the time of expiry Nifty Fut. 200 DMA will be above 4800 and that shall be 4825 and on the contra though today 50 DMA is 5020, at the time of expiry it will be below or at 5000,despite there close up or down.It means The Big institutions know the 200 DMA importance and this fact better than us,for next expiry and so they are or they will protect Nifty and taking/taken the one step ahead action.
Ilango Nifty looks too strong I have a buy call for CE 5200 - target 69. Please review and inform.
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