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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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...
48 comments:
1. 4 hour’s volume is gathered at 5250-5255 levels..
2.closing below 5EMA and at par with LEMA..first confirmation for the travel to 5312?
should wait and watch how this unfolds..
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Bank Nifty getting resisted from the first res @ 9585.(Today's high 9575)
First support is placed @ 9518(High ema)
@ Manu,
Infy:
2680-2700 is a minor support.
Next trading range could be 2610 to 2700. Break of 2605 will be quite bearish.
sir as per pre mkt view can i go long here with s\l 5210
Avinash,
to get 5160, 5235 should be taken away convincingly..
Gaurav,
Please check the chart in the last post as I don’t think it favours longs here ..
sir
tks ..d most difficult thng is 2 book profit/loss:)
@tryin2 trade
i gt it http://www.optionaddict.net/blog/2010/4/14/adapt.html
posted by u:)
As everyone is busy seems today hence am jumping and posting more comments..i hope sir and friends do not mind :) as am replying to some of the queries posted to sir..
@RG, week of guests?
nifty is trying hard to stay above 5235
Sir,
Please clarify. Is the conservative trade still SHORT or are we in Long @5355 ?
This morning i saw some comments on TATA Motors staying above 798 can go higher.
I am not sure who did the analysis .
sir
infy lvl wr spot or fut..
if it ws fut then what a support 2706.1
plz post a chart on stock wealth as per ur conv..
@ Avinash,
If 5210 is held, there is the other possibility of a "B" wave to 5300+(5400 to 5160 being "A").
So this 5275 - 5210 is a turbulent zone.
Dear KGovind,
We have not seen 5355 in recent past. If you mean 5255, today's pre-market chart and other followup here says we are in short now.
Dear Kiran..
No one is say like that its trading
the range between (760-798)
@ Manu,
All my prices are spot unless specified.
pisreport,
u are correct. I only meant 5255. Also, in todays pre-mkt cahrt, it is given Stop & Reverse = 5255. So only I am asking for clarification
@Kiran and smalltrader
I have update the tatamotors chart in my blog.
the range 760 - 798 broken now
http://niftychartsandpatterns.blogspot.com/2010/04/tatamotors-hourly-chart-in-range.html
thank you
FEEL LIKE SHORTING UNITECH
San,
Yes it was your analysis backed up by charts for TATA Motors.
Appreciate it . Good work.
WITH SL 87.50 spot on closing basis
Ilango sir, you had indicated in your tech table today that 5255 is stop & reverse for your 5380 short. Pl tell whether you have reversed the position at 5255 today morning, and holding now long at 5255? i would like to take a long along with you sir.
Ilango Sir,
I soled Nifty future at 5240 when nifty slips below 5240. Can I take today's High as stop loss or 5285?
Thank you
Ilango sir, pl also indicate stop loss for ur fresh long taken at 5255.
pireport, how can u be in short, if 5255 is stop loss & reverse? today morning nifty spot went past 5255, is it not?
@ Saravana,
I have cleared this "confusion" in my earlier post in reply to bizagra.
Small Longs created yesterday @ 5220 & holding with a SL 5210. Intra shorts @ 5260, Holding with a revised SL 5250.
:) Waiting for 2.30 effect!
Avinash,
How do you say closing basis. Sir has always given Stop and Reverse not as closing basis.
Nifty is touching its day's low but not breaking it convincingly for signals.... today we may be going home empty handed...
hello sir, hi friends,
the Info below is "Info" Only, for analysis by better knowledged participants :)
1:55 PM - Sudarshan Sukhani, Technical Analyst says, Sell NIFTY April Future currently trading at 5239.50 with a target of 5150 and stop loss of 5300 on CNBC Awaaz
1:59 PM - Harmuj Malu of Geogit BNP Paribas says, Sell NIFTY April Future currently trading at 5239.95 with a target of 5100 and stop loss of 5300 on CNBC Awaaz
2:01 PM - Prakash Gaba says, Sell NIFTY April Future currently trading at 5238 with a target of 5200 and stop loss of 5265 on CNBC Awaaz
2:13 PM - Mitesh Thacker, Technical Analyst says, Buy NIFTY April Future currently trading at 5240.45 with a target of 5310 and stop loss of 5220 on CNBC Awaaz
2:15 PM - Rajesh Jain, Technical Analyst of SMC Global Securities says, Buy NIFTY April Future currently trading at 5236.55 with a target of 5290 and stop loss of 5210 on CNBC Awaaz
2:17 PM - Somil Mehta of Sharekhan says, Buy NIFTY April Future currently trading at 5235.56 with a target of 5500 and stop loss of 5170 on CNBC Awaaz
dear ilango sir where to book out short plz tell me
If empty hands, no problem. problem is when damaged.
Close the intraday Shorts near POC-5230.
Hold the longs with SL 5210.
@ Thank you Ilango Sir,
@ Thank you Mr.Bizagra. Due to some urgent work, just now I came from out side.
@Mok,
Good information. Looks like 50-50. Wish they had all agreed on one thing....
Ilango sir, if we close below day low ema , can we carry shorts?
Hi Friends,
Mok Hi & Thank you. (remember elephant and four blind men - our market experts).
Sethu - Very sane and simple levels/advise ("no trade") - will benefit immensely.
GTRINFRA - 43.50 - 43.70 someone interested to carry home?
@ bizagra,
That is a good reminder. Thank you.
If closes below "Day low ema"(It changes with new lows), create shorts.
@ Avinash,
As daily stochastics up, I felt it may be doing a corrective up(B-wave) for the 5400 to 5160 wherein the upsides could be 5300+.
Besides POC 5230 has held. The 5-minute chart shows a falling wedge kind of pattern.
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@5230
@ Bizagra!,
Day low ema means 5231?
Thank you
@Prabhakar
Yes, we sud creat shorts if closes below 5230.
hi ilango sir,
in premarket view " A mild bullish bias with Short term turning up & waiting to be confirmed by a daily close above 5255. "
so we creat short nifty for sl is 5260 ns ?
regards,
alpesh
can we keep long position if it closes above 5240future
close likely 5242-5245 [by Janaki principle]
5d Lo ema 5228
5d Hi ema 5288
5d cl ema 5251 likely
means we close above day lo ema ...
Bye Sir. Bye Friends.
Mist vanished when Sunlight appeared.
RG, big absence ???
sethu, assortz, san, manoj, avinash et al thanks for levels.
biz anuj, manu, prabakar, vik, pisreport et al are keeping it active
big thanks to sir for being the center pin.
big wigs are out busy - shri, RV, mynac, viren, sathish, rm, anuj ... any important IPL day match ? .... :)
RG, not enough participation from you now a days ... You may need to explain :)
avinash,
NSE calculates the adjusted close as the SMA of the final 30minutes rate, not the actual final LTP.
This was brought to our knowledge by a good participant of this blog "Janaki"
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