this gap down for an intraday trade.
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...
30 comments:
Good Morning all!
I bet nifty gets a new high today. Is it possible to go above 5400 in 3 days??
good morning RM,
so far SGX NF is around 5185. Many days after opening Low SGX has risen to make up.
But, if it remains at this point, can u guide me sir's 5170/5185 is a buy ?
[since even support3 would have been broken at 5210.]
with regards.
Mok
Good Morning ilango sir and other blogmates
-arpit
DAYS LOW EMA IS 5191
good morning sir
good morning sir ,i am ravi new to your blog ,i want to learn from you can you please help me .....thank you
@rabin
on right hand corner u ll find 'always start with these'.
GM all
gm all
It is simple to search GOD.
But difficult to search hidden cameras.
------Swami Nithyananda.
GM All.
thank you piyush ji .....on right hand side "always start trading with these "....first i have to read entire thing then i have to go through the system .....ok
thank you
GM TO ALL
Rajagopal,
Perhaps Swamiji does not the reasons for this difference...
God is everywhere
but..............
Hidden Cameras are somewhere..............
And it is easy to find what is everywhere and difficult to find what is somewhere.........
-arpit
GM to ALL
@Rajagopal
Nithyananda, he never searched God or hidden camera I hope.
Low of the day is 5180...
Agressive buying from the open.
GM to all.
As settlement is only another 2 days away, "Short covering comes in on every dips. And with this scare of a possible gap downs, lomg unwinding too will happen.
A likely range of 5140 to 5250 for the next 2 days.
hidden bullish divergence in intraday and bullish price discrepency divergence in nifty 5 day.
Dear Illango,
i do not mind even if i don't learn from ur site or benefit.
Because i had chance to learn more about my committments.
jUST NOW READ UR STORY anout EDDIE AND O'Hare.
Thank u for such wonderful story 1,2 & then 3.
so much to learn.
But when i look at my country and see all IAS AND IPS Eddies then i wonder when they will have a change of heart.
by the way i had visited Ohare airport but never knew this thing and will now surly visit OHARE and will stand there for 2 min to show my gratitude to Father and son.
thanks to u too.
regards
Radhika
Gm Ilango Sir,
I am back in market after 1 month holiday.
Plz sugest the trade in nf as U mention to short in the range 5220-5245,
Is this trade a positional one or intradaytrade.
Good morning Ilango Sir and all blogmates
hi..musti,
"Uptrend" continues. Yet to show a "technical sell". Due to "OB" conditions with short term -ve div, suggesting to trade a range of 5100/5140 to 5250(+/-10-15pts), keeping a SL of 5275.
I would prefer that profits be taken as per the short term OB/OS conditions.
gm all
hi..musti,
If you have read the "Premarket suggestion of a possible support @ "Day Low Ema", a long trade would have been done, keeping the intact uptrend in mind.
Now the "ORB" too confirms such a long trade.
Trailing SL @5214NS
Longs of the morning can book out here..or bring SL to 5242.
Further longs to be considered only above 5259.
GM ALL,
@Ilango sir,
honoured to share sapce in your blog. sincere thanks and regards
@RG,mok,mynac
thanks for encouraging comments,and thanks for issuing 'A' certificate to the 'late night edition'
= = = = = = == = = = =
NEW POST DONE
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sir at 5233 i had taken intra and conservative short at bounce to day high ema. levels close to premarket sell and conservative sell. was more focussed on sell side b cos conservative short levels arrived. pls suggest further sir.
vijay said
illango sir i am holding 5300 put @50/- with 5lots.please shall i exit at this juncture
GM,
@Mmynac
sir was correct, mynac, sharekhan terminal also shows 5206 NFF.
Only the 1st min, a false spike.
@RV9
hi RV9,
at your 5220 I went long.
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