a sincere appreciation to "Rajagopal" for forwarding it to me.
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...
36 comments:
Will it be a gap up opening today? I hope i get a chance to exit my 5200 Put.
Good morning Ilango sir and all.
Yesterday I was held up in a function so missed the entire day's "enlightening exchanges". Too.. much of information!!!!! Anyway I shall try to keep up the pace. Thanks to all contributors.
sir & family
GM
thnx sir for d reply..will wait for aggresive heavy positional trades for those good days:)
Dear Ilango,
Good Morning.
Thanks.I am happy because now there are really good analyst here to guide us time to time.They have really deep knowledge regarding this subject and Dear Rajagopal shall get relief because now "Lalu" won't interrupt him/them.haha.Meanwhile I am hopeful that for today's trading my cautious mind will always remind me/pinch me that Nifty's 52 week high is 5310 and Future Nifty's 5303.25...just trade accordingly,majority leading markets at same location including leading stocks of our market.Let us see.
Good Morning ilango sir and other blogmates
-arpit
GM all...Friday only member.
Good Morning all!
sir negative divergence has come in 5 min. but we r close to buy level. how to approach this situation sir??
Good Morning. Thanks for the kind words.
Friday +ve opening and 2.30 -ve expectation. May be RIL will be the spoil-sport today?
Love to be proved wrong. I am Long.
Sri - Tell Boss that the Kurla client wants a follow up review immediately.
Hi dear sir ilango, GOOD MORNING,
Sir in daily chart of bank nifty MACD HISTOGARM
in negative zone (hope u understand ) so today we seat on sell side plz give yr suggestion for this indicater ( MACD HISTOGRAM ) and give yr opnion for bank nifty
regards,
alpesh
GOOD MORNING,TO ALL
GM to all..
@ Piyush,
The above 5-minute chart's divergence is based on macd which is derived from the close prices. Nifty's last close in 5 min is 5267. Let NF move & close higher above it and that is when -ve div starts to develop. After which one should wait for turning down of this macd & triggering below its 9sma line. In the mean time if Nifty trades around 5290-5320(Target area) and the -ve div is intact, the aggressive kind can start selling in small qty and add to it once the above conf. appears.
GM all.
---
Wonderful to see the NYMO here in the Indian Context. Pathbreaking work guys.Congrats to Sri and RajaGopal.
GM to all.Can anybody give VAL,VAH and POC value for today.
Thanks in advance.
hi..alpesh,
For today's Bank Nifty trade, use ORB which is presently @ 9245 to 9276.
Good Morning to ALL
GM TO ALL
Nifty Values for today :
5252-5242-5235
Gm all here
wish you a very profitable trading session
Regards
Vikram
GM to all
hi sir
i am understand this abt orb but my question is when MACD HISTOGRAM in negative teretory so how to approach this situation sir ??
regards,
alpesh
Good morning rajagopal sir.
In your stock 50 chart there is no colour in the volume cell as you have indicated in the readme coloumn. Please check
Satheesh - will rectify. Meanwhile please take the colours as described in "read me".
hi sir
For today's Bank Nifty trade, use ORB which is presently @ 9245 to 9276.
this velue is bank nifty futere or cash ?
@ alpesh,
One indicator is not the sole decider of a trading decision. Besides we can not attribute some action for every move of the indicator. Indicators are just indicators ....they just indicate. But price is the deciding factor.
As BN has moved up from 8985 to 9290, one could take part profits off or hold them with a SL of 9140..
For intraday trading, you apply the "Hourly Bars" behaviour and identify pivot points and merge them with indicator for more clarity. But never fall into the "Indicator only PIT".
thx sir for yr clarity
silute u from heart
cheersss,
alpesh
thanks sir for answering query in detail. sir as it was close to opening i opende yahoo 5 day. we were close to yday's top so i called it -ve divergence when macd and rsi wrere below ydays' levels.
didnt luk in such great detail as u did.
but is the approach wrong. is is not negative divergence?
Ilango sir, ORB for today? can we sell if goes below lower level ?or only @ level 5290-5305?
Thanks
Viren & Ilango
how do u use NYMO & Adv/decline data & from ver to get it everyday.
Illango sir ,
ORB in Banknifty goes for upside, i have entered long in it
regards
vikram
@ bizagra,
As predicting the market is dangerous, we have a set up here that suggests of the last upmove of the move from 4835. Likely target area is 5285 - 5320 zone. And this last up started from 5214NS & 5222 NF.
So we either sell close to the top(Preferable) or at the break of 5222NF/ 5214NS.
As Nifty is trading closer to the top range of this settlement, every fall will invite short covering as "Bulls" are in profits. SO we may not have a steep falls.
As aarvee, Navneet & Mynac has analysed the OI in detail, the range for the remaining 4 trading days will be 5170/5200 to 5300/5320.
= = = == = = = =
NEW POST DONE
= = = == = = = ==
Testing a new Gann Method Today which says
Buy Nifty only above 5262.65 with tgt 5286.86 and stoploss 5238.50.
( Pls do not trade this), This is testing of Gann method..
If 5286.86 crossed then 5311 next tgt
&
if stoploss 5238.5 hits then stop and reverse tgt will be 5214..
Safe shorts are below 5231 only for tgt 5207.
Regards
Happy
Dear Rajagopal Sir,
can we initiate the shotr in jp associates
happy where we can see chart based on gann method plz give us any link
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