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...
75 comments:
Re-posting:
Thanks Gautam sir for your reply.
This Greek tragedy is being played out with more melodrama than a bollywood potboiler.
The tap is being turned on one day and off the other day leading the markets to throw tantrums every other day.
If over the weekend, Germany finally (grudgingly or with high desperation that it does not like to show) finally agrees to support and Greece gets bailed out, nifty might blow off its 5330 resistance and head higher.
Shr : Reg Greek.
We had a dog at home (Jimmy) very short fellow and we called him Shorty. After couple of years another stray one came home and he was shorter than Shorty. Now our old Shorty looked very tall.
Germany,UK all are going behind Greece,Portugal,Spain under "Social security" dictated financial burden. Only keeping their head above water - just that. Time will tell. Japan in Asia has the same story. Once the cycle is completed then...
India will be the Economic Super Power - Our Jimmy will be TALL.
India already under the evil lens? S&P taking potshots at her - http://economictimes.indiatimes.com/news/economy/indicators/India-faces-lengthy-path-to-cutting-deficit-SP/articleshow/5875597.cms.
In the end, yes, it will be the story of who is the fairest of them all. And uncle Sam doing all he can to come out tops.
@ raja ji..
whom u thnk is earning frm nifty 2600 lvls till 5400
goras:)
whn they wll hv a
sure shot prblm at thr end(as wht u suggest)
we will left with pennies and will be
able 2 say bow wow:)
v r a capital deficiet country..
DEAR RG SIR,
ANY UPDATION FOR TELCO
myself, a perennial bear , keep jumping into highly intellectual discussions looking for some negative news...but have got none today....coffee breaks in between my routine OPD ( myself being an eye surgeon ).
Dear ilango...... do i sit tight with my 5200 puts or get light for the long weekend.....myself high risk profile..can hold till end of may series if some light visible.
Thanks
c.m
Dear Ilango Sir:
I want your advice how i should take action.. my positions are
1 NF SHORT at 5250 yesterday and
2 x 5300 CE bought at 80 yesterday.. which i want to hedge..
Now with this position how should i plan to exit NF Short or 5300CE
i want you guys expertise like
1. if NS spot breaches 5200 exit 5300CE and hold NF SHORT
or
2. If NS breaches 5330 exit NF Short and hold 5300CE??
really appreciate your advice or any other members..
as of now i am 5-10points +/-
THank you
sreeram
Any comments on volumes comparision for today. Seems to be less than average volumes.
y a long weekend..?
Smarty : My target was 863 today surpassed. Broker target is 890 - short term. Will know at EOD for the trend.
Now the DRS price gap is behind TMF - no news is good news.
You may hold your long, it is heading to break its 20D High.
@ CM:
Doctor, can you see an answer to your question in the chart posted on this update II. It smells honey to you!! :)
any views on entering in tisco? Already 628 now
Hi All
Just a view
http://3.bp.blogspot.com/_88fjmcdhjs8/S9qJGruMX5I/AAAAAAAACNo/-jFB6hhPGU8/s1600/Nifty+Hourly+30-04-2010.png
Cheers!!!
@ pisreport : ya looks good....only greece/short covering/ f.... FII they scare me a lot....and this thing called TA...changes suddenly leaving me wondering. and confused...
DEAR RG SIR,
THANK U
excellent work manoj..helps in cutting out noise
bb contracting..
SPAIN...ANOTHER EUROPEAN COUNTRY ANNOUNCED UNEMPLOYMENT 20.1% ..MORE THAN DOUBLE THE AVERAGE OF EUROPEAN REGION....ANOTHER BAD NEWS FOR WORLD MARKETS
rg sir,
ur 2-30 is last hope for shorts
T2T - Very good. So between 5310 and 5220 just "scalp"? Hit and Run?
Sane words mate. Thanks again
======
RV : Done.
======
Manu - takes time to decipher your "ungli cricket".
PS - Even Gods feel like obliging when a non-beleiver visits !!!
I am out of even P2P - now on VIX. Trade Over for the week.
@OoT RG
Yups...its shoot and scoot trades...and total detachment needed!!!
Cheers!!!
ur p2p was such a tool which cud put experts to shame
vix is better???????????
sir
i hv shrtd BN at the upper band of 9890 sl 9920
wht will confirm a "b" wave termination ..
y these "b" waves so complex?
@ Manu,
Corrections are generally complex.
"B" waves are correcting the corrective "A" wave. Hence, they are more complex.
"B" waves are also called "Sucker waves" as it goes in the direction of the trend and makes traders feel "Bullish" or "Bearish" as per the trend it is correcting.
BN - If trades above 9923(spot) again, the "B" wave assumption gets negated and the upmove from 9206 is continuing.
P2P - i am afraid i have over-exploited and I am unable to delegate. Will take it back later. VIX is ok. Helps with the shopping list one day early - at 3.15 today will send the list to broker. Buy/Sell today cover 2morrow.
Just Trend the Friend.
thnx sir..
"sucker wave" is sucking:)
hw to chck spot BN?
my sl is fine..
@raja ji..
"mobile oil" ungli cricket is good..
will try to improve as MOK also said one day:(
Nifty spot turnover 9300 cr
F&O 40500 cr
lot of action in spot
as illango sir,
pointed out midcap , smallcap on the radar today...
Yes Manu - I guessed it is mobile.
I have difference of opinion on "Capital Deficiency" - it is ok. Lawyers and Accountants cannot agree.
Elango sir
I bought BN 9500 put @ 118 yesterday. Shall I hold it.
@ raja ji..
y throw ur ball on "cap. def."
i will gv u figures..
let put all d black money and tax havens
be legalized in exchanges..then i may agree with u:)
"5265NF" has held so far thrice during the day.
Adds more relevance to its importance in a "noisy" market....25 point spread so far.
NF is moving between 5270-5280. Sitting tight is very difficulty.
sorry folks
this doesnt seem short covering to me
this is pure buying maniac
today is monthly closing also
if closing comes around 5270, a doji on monthly chart,
and that too at resistance levels.
if closing is below 5274, it vl b below 5-wema
in weekly its open=high scenario
so v need to watch closing carefully, as monthly & weeekly charts vl b finaliized today.
DEAR RG SIR & EXPERTS
EXCISE DUTTY 20% ON METALS STILL DICUSSION
OR IT AMENDED
Elango sir
I bought BN 9500 put @ 118 yesterday. Shall I hold it.
sir
today ur 3-25 comment will be required about positions
is there -ve div. developing in hourly chart.
posted here
http://tradingontechnicals.blogspot.com/2010/04/nifty-intraday-hour.html
dear rajgopal
how is SUNPHARMA luking for short term psitional
thanks answering
HELO ILANGO SIR..
CAN U PLS GUIDE ME FOR THE TARGET OF ASHOK LEYLAND.
THANKS N REGARDS.
Elango sir
I bought BN 9500 put @ 118 yesterday. Shall I hold it.
Dear friends..
wanted to understand whoever are controlling this range bound market..
by keeping NF in 30points range 5260 - 5290.. what are the market controller are doing? are they writing PUTS or CALLS or consolidating or generating support or ??
Just wondering how they kept 000's of traders glued to their computers in this range..
thanks..
sreeram
Now Bank Nifty LOT size reduced to 25
is 2.30 factor shifted to 3.00pm- day light change?
trying at 5265 4 rth time
i dont feel its lucky 4 rth time
wud definitely breach it
Testing
=======
ILANGO SIR sir can i carry nifty short home
i think i should reduce my shorts further, vl carry only 20%
mkt seems to b in no mood to give away..
mkt is lacking strength to go down.
may b i m wrong...
spot turnover is excellent now @ 12,ooo crores!
experts comment...
Nf at 13 point disount. Something must be cooking for larger wave ahead. Just need to find out that early.
expexting a violent follow up on upsdie today or tomorrow(nest trade day)
Ilango sir, plz give levels , for carrying shorts..
My shopping List.
Initiated Longs in the following counters for BTST.
Scrip Name Target
AXISBANK 1300.48
BPCL 522.70
CAIRN 322.10
CIPLA 347.35
GAIL 435.37
HCLTECH 404.74
HDFCBANK 2023.93
HLL 242.80
INFOSYS 2787.06
L&T 1643.57
NTPC 209.12
ONGC 1066.72
SBI 2345.20
STERLITE 847.51
TATAMOTORS 894.57
UNITECH 86.68
now 16 pt discount.. wow....... what's happening there. Senior borders..pay attention please.
trying at 5265 4 rth time
i dont feel its lucky 4 rth time
wud definitely breach it
See Ilango pre market view chart , below 5260 good days ahead for shorters .
trying at 5265 4 rth time
i dont feel its lucky 4 rth time
wud definitely breach it
Ilango Sir,
Your advice to who are holding positions.
Thank you
Channel top would be around 5315. Only above that some bullish confirmations could come.
Likely to close near our shorting level.If closes above 5275, reduce your shorts by 50% at cost.
One could also hedge their shorts by buying 5400CE @ 41.00 as the close is likely to be above both 5264 & 5274.
I LANGO sir ji
yesterday u wrote
a close above 5275 wud shed the possibility of a down move and may target for further new highs
is that views/levels still maintained
and if any changes, pelase mention
thanks for answering at ur earliest
Ilango sir, my shorts are created @ 5310, can i carry shorts with sl 5330??
Bizagra
I think sir clearly meant reducing shorts by 50%. In your case you are getting profits too.
Is nifty close above 5264 & 5274?
Bye Sir and Friends.
Have a nice week end.
Jai Jawan. Jai Kisan (May 01)
Ilango sir , i m carrying my shorts as closed below week average.Is it ok?
For You Ilango:
Naalai Ulagai Aala Vendum Ushaikkum Karangalae !!!
@Rajagopal
Thank you for the BTST list. Really useful for illiterates like me. :)
dear sir
in bank nifty has create double top formation
regatds,
alpesh
@bizagra
probably it has closed slightly above week ema
@Piyush
Taking average closed @5278 but trading closed @5272, i m taking chance
as my shorting level is 5310.
Sorry to interrupt .. can anyone expplain what is doji? or where can i find its meaning?
Thanks
Shazia
what luck! i had exited telco 800 and sbi 2200 calls for small profits lol
(sat tight 2 weeks for SBI and 1 week for TELCO)
@shazia
when open and close of a bar is almost same it is doji
Bears seems to have an upper hand in the US and Euro markets :-|
Thanks Piyush
Shazia
Post a Comment