Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
-
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...
41 comments:
respected illango sir ,
sir i am long in banknifty from 9640 bot in morning but now got trapped i feel, kindly guide me that can i wait for later session or exit
regards
vikram
@ Vikram,
BN "9570" approximately, if held you can exit at higher levels.
reposting
sir now we r locked in descending triangle ( negative continuation pattern) in 5 min. there is positive divergence. how to interpret it. shud we look at divergences only outside of patterns
good after noon all, anybody can tell me can i go long @cmp
reposting
sir ur critic has put it in very simple form . great. but is it option oi data or future oi data????
-------------------------------------
by ur reply to golfdude it appears that ur critic uses future data for oi
HI pyuish,
descending triangle with positive divergence is more likely to be a pattern faliur.
reversal to shorts in conservative trade for nifty now?
thanks renu,
my experience(whatever little) says otherwise.
@Gautam
yes ...I tried everything..just cant configure settings...looking forward for navnit's post this weekend...will see how it goes...is there any tutorial on how to configure it..any blog or website...just for real time data
Thanks for help
Sir
you have given 5345 as S&R for conservative trade. Is 5345 on closing basis or we should cover longs now and take short positions.
Regards
Dear Ilango,
GM.
Happy to see Dear Gautam Bajaj today.His comment"Otherwise we make intermediate top at 5400 / 5450 and then drop either 5 wave / 3 wave if there are are further corrective extensions" and “I also see a possibility of testing 5550 over the next 8-10 days if we hold 5150.”Yesterday Fut.Nifty Top was 5398, close to 5400.( I know he is talking about Spot)but it is interesting for me, here. You are mentioning this from last 3 days that “Closer to the channel top and profit booking commenced” From today’s trading it is clearly visible that serious profit booking is going on since morning. The seller is not trying hard to push down the nifty at lower levels instead wants to sell at the higher levels. So he is waiting for Nifty to come up only for further sell. Now when someone is selling it is obvious that someone is buying, but now interesting to see whether the buyer will absorb the selling pressure and then, whether he will force the short sellers to cover their positions in coming 8-10 days above Dear Gautam Bajaj’s given figures. We shall watch it. Thanks to both of you, for your Valuable comments, due to your comments, Now, I am looking at 5300PE and its O.I. from another angle too and my position.Bye
i am also waiting for some help in amibroker , i own it rom 3 months but till date i couldnot configure it properly
@RG,
Absolutely..i have seen the volumes of “drought” sold out on my vacation ..for just Rs.35, fantastic product…I have a serious thought of grabbing UB when we test bottom.. wishes for the good trip..
@Anuj - unfortunately no. ping me on Gtalk post 7 pm i maybe able to help - gautam108
@mynac,
There is absolutely no movement in 5400PE. In this run from 4800, one thing I always saw was the immediate in-the-money PE had always a lot of interest. In 5400, it is different. Am I right in my interpretation ? Does this mean, we are topping somewhere here ?
gd
Thanks Mynac - While we can look at technicals its also important to watch FII inflow / outflow. They have been buying like crazy and all this money invalidates / confuses and creates differnt views - All we need is some bad news from Europe to push down all the indicies - according to Rohit Srivastava, which I think will happen soon as well. Usually retail investors end up buying at the top and this is usually the last upleg of a rally. Interestingly 5550 (aprox) is also around 80% of the retracement from Dec 08 high's. If we cross this, then we can expect 6250+ on Nifty by 09 July
@ anuj pa ji
nothing best thn gautam fr ami..trust me..
@mynac
mangoose shrt awaited:)
I have a solution for those interested for yahoo RT data. Install Amibroker. Download ManshiRT from the link bellow (it is free and full instruction is given there http://finance.groups.yahoo.com/group/ManshiRT this is the group from where you may find link and details of ManshiRT.
@Mynac - http://www.investmentguruindia.com/Equity_FII_Investment.aspx
good site fow info - register free
Dear golfdude,
As I use intra day O.I. data for just day-trading purpose and EOD data for my predictions(to myself)Now considering the 5200 and 5300 PE O.I. those who have written it are or must not be just small players.Whether they will succeed in their own stands is another part,but at present,still, no doubt, they are in command,so we must respect the Nifty PRICE only.The picture will be clear in coming days.
Ilango sir,
5345 S&R is playing out good so far..i believe this level has been considered by you as SL based on the yesterday low..
Dear Gautam Bajaj,
Thanks for the link.
Yes..assortz.
First time the 5-ema has been tested. It could bounce from here or from 5315-5320(Low ema).
BN is highly oversold and @ support zone in short term.
5300 put price is not moving up(witnessing some selling pressure).market is holding on the support at 5340-5345 trading and close will be trend reversal in short term.
if i am wrong correct me.
Nifty is taking support at Last Week High @ 5330
5323 SL for longs :)
close below 5323 prob. for bulls
Dear Blogmates,
1)Downside Trend Day - The market will open near its high price for the day session and work its way lower through the day, closing near its low price. The market will tend to stay below its VWAP for most of the day;
2) Downside Breakout Day - The market will open within a range, but will build volume and attract participation at the lower end of that range, leading to a price break below the range, and further acceptance of price below the range with solid volume. A downside breakout represents a transition from range to downside trending conditions.
3) False Downside Breakout Day - The market opens within a range and moves below the range, usually with limited participation and volume that wanes with lower prices, only to bounce back into the range and return toward VWAP. A false downside breakout represents an extension of range trading conditions.
Brett Steenbarger
We shall watch above 3 possibilities to day.
FTSE, DAX and CAC all down over 50 points.. Not looking good..
5345 has been broken.
Let's see if 5312 folds.
Europe Factors- Shares seen down; rate decisions eyed
GLOBAL MARKETS-Asia stocks fall; euro weak on Greece worries
SINGAPORE, April 8 (Reuters) - Asian stocks fell on Thursday as investors took profits after strong gains in recent weeks while the euro remained weak, waiting for the European Central Bank to flesh out lending rules likely to support debt-laden Greece.
European stocks were set to open weaker in line with Asian and U.S. markets, although the focus will be on interest rate decisions by the Bank of England and the ECB later in the day.
Spreadbetters forecast Britain's FTSE 100 opening as much as 0.5 percent down, Germany's DAX down as much as 0.3 percent and France's CAC 40 down as much as 0.7 percent.
S&P index futures were down 0.2 percent, implying a weak start to U.S. trading later in the day after a 0.7 percent fall in the Dow on Wednesday.
In Asia, Tokyo's Nikkei index slipped 1.1 percent to 11,168 points after reaching an 18-month high this week.
Y do i get this feeling that mkt will close at 5323?
Hi guys, dont go long in nifty, it is slow poisoning going on, we are in for a deeper correction of at least 100 points in nifty in a day or two, beware.
thursday 2.30 positive
Hi blog mates!
When ever I am opening our blog in Google Chrome, I am getting message -- SSL error. So I am opening in another window of Google chrome.This takes time. Is there any solution to avoid this late?
Thanks
Long 50 % at 5312.
. Sl 5304.
Ilango Sir,
I shorted NF at 5353. Pl.suggest profit booking level.
Thank you
= = = = == = = = = = =
NEW POST DONE
5298-5315 is the gap area.
= = = = == = = = = = = ==
sir , as per premarket conservative buy around 5305/5320 can we S&r shorts
Dear Anyone,
why too much fall in sail
Post a Comment