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...
39 comments:
@ Bizagra,
Your confusion is fully justified. There are multiple possibilities that are at work presently and market has just kept us guessing.
Trading the short term TA would keep you "in & Out" of trades.
The initial settlement low of 5235(Approx) may be a "Shorts" signal again.And it is also day's pivot.
As daily stochastics has given a buy, trade long as long as 5225 holds(5235-10 for safety).
5283 & 5293(weekly pivot) are resistances.
5265-5285 resistance......5225-5245 supports.
Can anyone provide MP values?
Ilango & Blog mates
A very good morning....
An interesting read.....
Beware of False profits
http://www.optionetics.com/articles/article.asp?id=22601
Cheers!
Hai ilango sir and others.
Nifty 5 minutes moving up in a channel
http://niftychartsandpatterns.blogspot.com/2010/04/nifty-5-minutes-in-upward-moving.html
thank you
Sir & family
GM
@tryin2trade
ur posts r really good..
could u post d link which u pstd hr ystrdy (nt d chart)..
it was informative..
i lost whr it ws:)
Viren,
You have posted last evening that around 5255..large volumes were built-up yesterday and subsequently we fell down..it seems today also the same story is going on @5255..but volumes part and the consequence of that can be explained by you only…if you are reading this comment..pls drop a line here..
RE POSTING
Dear RAJAGOPAL and other fellow board members
i wud wanna bring ur attention down to IT scrips at this moment
1. infosys at multiyear highs
2. TCS broken down just today from a life high level
3. tulip broken down badly to few months lows today
4. mastek blown down 20 % down in 2 3 sessions seems like consolidating now around 285-295 levels
5.then patni making life highs
6.tech mahindra beaten down heavily in a weeks time to trade at swing low today
i mean so much indifference within the sector
at the one hand some scrips trading at their life high or multi year highs
and on the other hand
few scrips are trading around their multi month lows or swing lows at the same time of period
why so uncertainty
and what do we make out of this indifference within the sector
i mean how to take advantage of such uncertainty in a sector
whether
to buy scrips which are trading over sold and at swing lows
or to short or buy puts for scrips trading at the highs
comments and expertise expected by not only RAJAGOPAL
but other fellow board members also
--------------------------------------------
why is promoter s stake ZERO in ITC
http://www.bseindia.com/stockinfo/index.htm?scrip_cd=500875
please solve my queries at par ur convenience
love u all
r parekh r
thanks
@ Avinash,
I did not understand the difference.
Divergence is when prices continue trending up or down while oscillators fail to follow the trend warning of the "waning momentum". As oscillators are calculated from close prices, divergences should appear in the "close price chart".
VAH- 5244
POC- 5229
VAL- 5216
for the time being, VAH is giving support
sanjay,
pls confirm if MP levels given by me are correct
INTRADAY BASIS:
MARKET WILL TURN TO SELL MODE ONLY
BELOW 5240
Inability to stay above "5255" for more than 15 mins may lead to a break of the short term channel @ 5235.
Break of Previous pivot low of 5212 is the price confirmation of the resumption of down move.
Ilango sir, so we sud initiate short below 5212 only??
@ Avinash,
For intraday traders, 5 minute divergences give excellent trades.
The same can be used for entry & exits for "daily EOD TA" followers at "OB & OS" zones.
@ Bizagra,
You can sell @ 5255-5260 with a SL 5285
OR
Sell @ the break of 5240. But as a follow up the price should break 5212 sooner for confirmation.
@manu
Thanks for your kind words...which link you are looking for???
-----------------------------------------
new chart posted;
http://tryin2trade.blogspot.com/2010/04/nf-hourly-chartos-bounce-done.html
personally I feel its going to time pass today and frustrate the intra players!
Cheers!!!!
Dear Assort
Market profile values for 21st April
*Nifty spot
VAH- 5244
POC- 5229
VAL- 5216
Your are perfectly correct
Thanks & Regards
Sanjay Kr Jaiswal
sanjay.
it's not me..google is perfectly correct :)
the more time..it spends here..chances of hitting 5160 for 5th down will be lower...
anyways mkt is testing patience here..lets see. europe will give a clue ..atleast
@tryin2 trade
some
information ...i jst miss the link words..
nt able 2 find in prvs posts
DEAR ANYONE
I HOLDING TATA MOTORS LONG FROM 780 CAN I HOLD OR???
ANYONE SUGGEST ME PLEASE
@ Small Trader,
Hold Tata Motors.SL 785.
@Small trader,
Tata motors moving up very nice as of now
so take profit either at 813 or keep your trail sl
at 802. strong resistance is at 814.
DEAR illango sir&market follower..
Thnks
Illango Sir ,
you are requested to pl. give views on Banknifty from here
can we go short in that @9555
waiting for your words
regards
vikram
Maybe something maybe nothing.. Goldman results were sold into (stk down 2%) now lets see what happens to Apple post earnings.
US sneezes India catches cold :-)
illango, sir can u add ur comment on tata steel
Ilango, I have RIL 1080 call @15. pls let me know if it is hold or come out with little loss ?
sir
whr shld k book infy shrts ..
low ema
Ilango Sir,
Can I sell Nf below 5240 NS or 5212 NS?
Thank you
"Hour -9-Rsi" is giving a sell signal. Will be uploading the chart.
VAH 5244, Channel support @ 5240 break to make a first confirmation.
prabhakar,
below comment is from sir
------------------------------------------------
@ Bizagra,
You can sell @ 5255-5260 with a SL 5285
OR
Sell @ the break of 5240. But as a follow up the price should break 5212 sooner for confirmation.
Hai Ilango sir and others
I have updated TATAMOTORS chart. it is trading near
triangle top.
http://niftychartsandpatterns.blogspot.com
I have given Bank Nifty & Tata Steel in stockwealth blog.
**********************************
NEW POST DONE
***********************************
@ Manu,
I will update you on Infy.
ILLANGO SIR,
by mistake i shorted very quickly on the moment it broke 5240 for a minute
if it again not go below 5240 ...i would to exit....any good level for SL pl. suggest..if this happens
regards
vikram
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