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...
92 comments:
Reposting:...
Ilango Sir,
Can I buy TATASTEEL Put option (640/-) Now ?
Thank you
*reposting*
Nifty in triangle...
posted the chart here
http://tradingontechnicals.blogspot.com/2010/04/nifty-5-min.html
Break out of 5305 or 5260 can give 70 points.
ril could be wild card for today and near future trend, pls study. Also any views on JSPL?
@ Prabhakar,
For Options trading, try & pick the tops & bottoms.
If not, write options.
I generally do not suggest Stocks options trading.
DEAR ANYONE
ANY UPDATE ON TCS PLEASE
Thank Ilango Sir
@ Amit,
That is a valid Triangle. And the TA is looking "UP".
Dear Ilango:
What do you think of the last 15-20mins move? Big guys move it up to SHORT or ???
Please give your views
Sreeram
for mp values - QT downloaded..but not able select "volume by price" and "volume" indicators in top and bottom indicators as said by viren..will give a try tonight :)
if anyone wish to try..here is the link where viren has shared his thoughts
http://tradeinniftyonly.blogspot.com/2010/03/market-ptrofile-to-sharpen-your-trades.html
sir
it hs been days.. ur critic view on both stocks
and broader market(nifty)
:)
@ assortz
quotetracker will give the MP not in Nifty Spot, but only when we feed it Nifty Future data.
And, I think NFut data is not available as free feed.
Can I go long in NF Sir
Thanks Ilango for the confirmation.
:-)
@ assortz,
someone said the reason is NSE does not provide volume data for nifty.
viren was using a paid feed data [i read in one of his post]
i already tried [like you did] :)
Mok..thanks for sharing and you saved my time..will try other options..thanks
Keep 5290 as a SL, in case a long is taken now.
@assortz/mok
viren suggested ths too
http://volumedigger.com/Charts/Volume_Profile_Charts.aspx
If anybody knows RIL results Q4 2010 positive for market?
@ Amit,
It has done one false break out above 5300 once and false break down below 5290 once. Next one should be an actual one..
Ilango sir, you gave "5259" - If closes below this "Exit" all Longs."
Closing below 5259 , exiting longs and shorting advised or only exiting longs?
(asking in case yest. like drama happens again)
@ manu
volumedigger does not give VAH & VAL which are calculated values of standard deviation.
and, may be we get POC, but sometimes more than one center develops.
Sir,
Can we go short below 5290 NS
yes sir.....can we go short below 5290
regards
vikram
@ sir
for info:
In 5m TF NF oscillating between 20ma & BB upper,
& in 1m TF between BB L & BB U.
NS weekly PP is 5294
week cam H3 5309
week midvalue 5310
day cam H3 5300
@ bizagra,
"5259" is based on Weekly "Sell trigger". If I accidentally ignore one fact, it can go wrong.
If I take all the facts known to me, the markets can beat me.
I try my best.
@Prabhakar,
Nifty is undecided in 5290 to 5305 range..and the time is running out for intraday trade.
:)
Ilango sir if 5340 is crossed, can i enter conservative longs as 5th will be confirmed
with targets of 5450+.Is this correct approach.
When I asked Sir, reg. Tatasteel Put it was Rs.8.70 while the stock price is 649/-
Now the Put price is Rs.6.75. But the stock price is Rs.651.40.
Sir,
What we are going to carry today.. I believe longs ..sorry for silly question but not following up comments since morning
yes Ilango,
to avoid such thing I kept 5305 as BO.
lets see which side it goes.. fingers crossed
Hai ilango sir and others.
Nifty resistance and support lines on chart.
http://niftychartsandpatterns.blogspot.com/2010/04/nifty-support-and-resistance.html
thank you
@ assortz,
We stick to the premarket view of having longs as long as "5259" is not breached on closing basis.
@ bizagra,
I prefer to take a trade based on "closer to the starting point" using EW & TA which requires small SL.
If a trade is taken when Nifty moves past 5340, the SL will be disproportionate to the reward.
Thanks Ilango sir, so i ll wait for the next conservative trade.
@ sir can we wait for a dip to enter longs, will it be rite approach
thanx
hello friends,
pl use this link to calculate marketprofile values
VAH,POC,LAH
http://www.mypivots.com/calculators/market-profile-calculator.aspx
tsrini74@gmail.com
sir wat u expect of mondays open
plz guide .so i will adjust my position accordingly
marketprofile values
5300.00 5281.00
5292.00 5278.00
5293.00 5284.00
5300.00 5287.50
5311.00 5299.50
5309.00 5295.00
5307.00 5288.00
5294.00 5275.00
5293.00 5277.50
5303.00 5284.00
5303.50 5288.50
5310.00 5299.00
5311.00 H
5310.50 H
5310.00 HP
5309.50 HP
5309.00 HIP
5308.50 HIP
5308.00 HIP
5307.50 HIP
5307.00 HIJP
5306.50 HIJP
5306.00 HIJP
5305.50 HIJP
5305.00 HIJP
5304.50 HIJP
5304.00 HIJP
5303.50 HIJNP
5303.00 HIJMNP
5302.50 HIJMNP
5302.00 HIJMNP
5301.50 HIJMNP
5301.00 HIJMNP
5300.50 HIJMNP
5300.00 DGHIJMNP
5299.50 DGHIJMNP
5299.00 DGIJMNP
5298.50 DGIJMN
5298.00 DGIJMN
5297.50 DGIJMN
5297.00 DGIJMN
5296.50 DGIJMN
5296.00 DGIJMN
5295.50 DGIJMN
5295.00 DGIJMN
5294.50 DGJMN
5294.00 DGJKMN
5293.50 DGJKMN
5293.00 DFGJKLMN
5292.50 DFGJKLMN
5292.00 DEFGJKLMN
5291.50 DEFGJKLMN
5291.00 DEFGJKLMN
5290.50 DEFGJKLMN
5290.00 DEFGJKLMN
5289.50 DEFGJKLMN
5289.00 DEFGJKLMN
5288.50 DEFGJKLMN
5288.00 DEFGJKLM
5287.50 DEFGKLM
5287.00 DEFKLM
5286.50 DEFKLM
5286.00 DEFKLM
5285.50 DEFKLM
5285.00 DEFKLM
5284.50 DEFKLM
5284.00 DEFKLM
5283.50 DEKL
5283.00 DEKL
5282.50 DEKL
5282.00 DEKL
5281.50 DEKL
5281.00 DEKL
5280.50 EKL
5280.00 EKL
5279.50 EKL
5279.00 EKL
5278.50 EKL
5278.00 EKL
5277.50 KL
5277.00 K
5276.50 K
5276.00 K
5275.50 K
5275.00 K
VAH= 5303.00
POC= 5292.00
VAL= 5284.00
tsrini
"Aggressive Traders" can take some "Shorts"...home.
thanks tsrini
friends the above values are 23/04/2010
Ilango sir any base for this agressive short??
@ sir,
shorts taken now
@ilango sir
sir im asking in respect of EW count, what possibilities ur thinking.
Dr.Saurabh,
Hedge, if you have longs.
sir
as per janaki method close will be above 5303 vah..
thn y shrts?
@ Bizagra,
Last fall from 5333NS is yet to be retraced..It opens up other possibilities.
Our conservative Longs remain based on "5259" factor.
This is called "Murkier"..
@ Manu,
Thanks for that info..which means Nifty will close above Day High ema....that is bullish.
Nifty may close above 5 day high ema.
day hi ema 5305-5306
low 5240
close ema 5263 likely
Ilango Sir,
Small confusion:
"Aggressive Traders" can take some "Shorts"...home.. I took short in Nifty future at 5300. Am I understood correctly.
Thank you.
Bye All. Just a review. Following were the up/down counter wise values estimated for the day. Please see how far they have reached !
Scrip Name Estimated Reached
ABB 863.63 855.00
AXISBANK 1245.91 1240.00
GAIL 430.57 426.90
GUJAMBUJA 121.74 121.90
HCLTECH 391.86 390.00
HDFC 2782.44 2749.80
HINDALCO 183.39 180.50
HLL 241.28 241.20
MARUTIUD 1398.64 1388.70
NALCO 419.06 415.00
POWERGRID 109.86 110.00
REL 1146.27 1136.80
RPOWER 160.48 161.65
SBI 2262.86 2294.00
TATAMOTORS 856.71 847.00
TATAPOW 1355.68 1367.80
UNITECH 85.73 85.85
Down Side
Scrip Name Estimated Reached
ACC 908.55 891.00
BHARTI 297.84 297.25
BHEL 2436.72 2446.40
BPCL 492.64 495.20
CAIRN 295.11 296.50
CIPLA 327.05 329.15
DLF 318.73 325.35
GRASIM 2801.94 2811.25
HDFCBANK 1911.38 1928.65
HEROHONDA 1876.51 1872.00
ICICIBANK 928.38 945.00
IDEA 64.71 65.20
INFOSYS 2683.20 2716.85
ITC 260.78 262.10
L&T 1554.87 1575.05
M&M 499.47 504.00
NTPC 204.76 204.25
ONGC 1003.57 1008.00
RANBAXY 448.88 453.10
RELCAP 729.97 732.25
RELICOMM 166.82 166.50
RIL 1059.18 1080.00
SAIL 220.37 222.10
SIEMENS 713.63 715.00
STERLITE 791.60 785.10
SUNPHARM 1678.60 1677.00
SUZENER 70.48 70.35
TCSCONS 774.97 777.50
TISCO 642.79 643.05
WIPRO 694.76 690.20
All in Prices.
thanx ilango sir
Some hard work and Ilango's fundamental TA goes into the Tech Tables of mine and Sundar's. It will justify our hard work if our friends refer and exploit it.
@Manu
what is janaki method???
@ RG
looked thro fast.
brilliant,
Plz workout the % compliance with the system.
It will give an idea.
It will also give an idea on the volatility.
@ RG
Scrip Name Estimated Reached
ABB 863.63 855 99.00%
AXISBANK 1245.91 1240 99.53%
GAIL 430.57 426.9 99.15%
GUJAMBUJA 121.74 121.9 100.13%
HCLTECH 391.86 390 99.53%
HDFC 2782.44 2749.8 98.83%
HINDALCO 183.39 180.5 98.42%
HLL 241.28 241.2 99.97%
MARUTIUD 1398.64 1388.7 99.29%
NALCO 419.06 415 99.03%
POWERGRID 109.86 110 100.13%
REL 1146.27 1136.8 99.17%
RPOWER 160.48 161.65 100.73%
SBI 2262.86 2294 101.38%
TATAMOTORS 856.71 847 98.87%
TATAPOW 1355.68 1367.8 100.89%
UNITECH 85.73 85.85 100.14%
Down Side
Scrip Name Estimated Reached
ACC 908.55 891 98.07%
BHARTI 297.84 297.25 99.80%
BHEL 2436.72 2446.4 100.40%
BPCL 492.64 495.2 100.52%
CAIRN 295.11 296.5 100.47%
CIPLA 327.05 329.15 100.64%
DLF 318.73 325.35 102.08%
GRASIM 2801.94 2811.25 100.33%
HDFCBANK 1911.38 1928.65 100.90%
HEROHONDA 1876.51 1872 99.76%
ICICIBANK 928.38 945 101.79%
IDEA 64.71 65.2 100.76%
INFOSYS 2683.2 2716.85 101.25%
ITC 260.78 262.1 100.51%
L&T 1554.87 1575.05 101.30%
M&M 499.47 504 100.91%
NTPC 204.76 204.25 99.75%
ONGC 1003.57 1008 100.44%
RANBAXY 448.88 453.1 100.94%
RELCAP 729.97 732.25 100.31%
RELICOMM 166.82 166.5 99.81%
RIL 1059.18 1080 101.97%
SAIL 220.37 222.1 100.79%
SIEMENS 713.63 715 100.19%
STERLITE 791.6 785.1 99.18%
SUNPHARM 1678.6 1677 99.90%
SUZENER 70.48 70.35 99.82%
TCSCONS 774.97 777.5 100.33%
TISCO 642.79 643.05 100.04%
WIPRO 694.76 690.2 99.34%
@ bizagra !,
Did you took any short in Nifty future? I did not understand properly Sir's posting. Itook short in Nifty future for Monday.
thanx tsrini
@ prabakar
i have taken short at 5300 NF
carried home.
dear rg
can u share this file with me also at my email id.
thanx
Yes Rajagopalji,
I understand the commitment and how involved all of you are. God bless you all and let more and more faces get illuminated with fruits of your effort and let more n more people get involved in this good cause. I do not know where to start..
-Mishra
i got so confused that i closed my position
@ dr.saurab
RG's file is available as Download, listed at the Top Right Corner as a link
@ mok 11852206222016240633,
What I am confusing is Nifty closed above (I think) Day High Ema i.e., 5301
@ prabakar,
it was about to breakdown, when sir gave the call.
Climbed above day hi ema came straight after that.
By then position taken.
Then came the further steep hike.
Will wait for Monday & do what is necessary.
By then we will also have sir's weekly position.
Results season causing the volatility.
@ tsrini will u throw some light on how POC,VAL, VAH will be calculated and how u reach on that level.
@ mok thanx, i was bit confused whether that file is for 22nd or updated on 22nd.
sorry for troubling u
Than you mok 11852206222016240633.
Bye.
@ dr saurab,
here we all share whatever we know.
so, its not trouble at all.
at mypivots.com, what i checked up now,
we take a particular time frame.
tsrini has taken 30minute TF [i think]
we need to give the High & Low values per line
On clicking the submit it calculates the MarketProfile, displays it,
and displays the VAH, POC, VAL also.
It highlights the standard deviation as a shaded area.
Nice one.
but what i wonder is we do not feed the Volume there,
...
we will ask Viren when he gets back.
We will get an idea.
Meanwhile that site is our best calc platform.
THANX MOK
IM A SILENT READER OF THE BLOG, RARELY GOT TIME TO POST INTRADAY BCOZ OF SERVICE LIMITATIONS,
I KNOW U ALL BLOGMATES VERYWELL AND ALSO THAT U PEOPLE HELP EACH OTHER VERY MUCH.
I RESPECT ITS MASTER AND ALL THE LEARNING STUDENTS.
@ dr saurab
I have seen you post on much earlier days, so I know you are regular here.
I just wanted you to feel free asking doubts.
:)
MEANWHILE u answered my question before i asked.
i will try to find out the POC FROM MY AMIBROKER in the evening and may be viren will also b back by monday as i had left few questions for him on last weekend.
@ dr saurab
ami would be able to calculate it.
I dont have it, but I have seen charts of it with MP.
I think you get much more details too in it,
dear blogmates
if anyone interested in reading some mind boggling thoughts about everyones favourit "IPL-INDIAN PREMIER LEAK" CAN MAIL ME ,i tried to post that here but failed.
my mail id-saurabhmoond@gmail.com
just drop in a test mail.
@mok
---------
@ prabakar,
it was about to breakdown, when sir gave the call.
Climbed above day hi ema came straight after that.
By then position taken.
Then came the further steep hike.
Will wait for Monday & do what is necessary.
By then we will also have sir's weekly position.
Results season causing the volatility.
---------
SAME EXPERIENCE HERE.. am with you in SHORTS..have to swallow all the news hype ( RIL result..US +ve..asia +ve..etc etc ) till monday morning :)
@ assortz
This season the volatility will give us a leeway to bookprofit when some result turns sour, or when hype cools down after a result.
Our rate is not at extreme ends, it is in the middle of the range.
So we will have days when market swings around this rate.
[Unless market is listening now and decides to teach a lesson for this utterance :)]
@ prabhakar @mok @assortz
dont worry every body is in shorts, bcoz its heat wave going on in at my place.
me too in shorts
@ dr saurab
:)
@ RV
are you there ?
Its EOD hours, are you walking in here ?
:)
Dr,
Great :)
Mok,
In a way you are correct..yesterday too I was in short and that too captured at last moment..but to managed to quit that position by “Hedging play” with some our RG kind of 10 point trips and came out with some less damage..now again entered shorts at last moment..but as you said I believe that entry price is ok
Mok,
Tsrini has shared some nice site..but since volume feed is not there..we need to back test the calculator with some previous day MP levels shared by viren..
@ assortz
for monday:
day Hi Close Low : 5303 5257 5226
res: 5320 5336 5378 5419
sup: 5279 5254 5212 5171
pp: 5295
midpoint: 5290
cam H4 H3: 5327 5315
cam L4 L3: 5281 5293
fib: 5302 5295 5290 5285 5279
thinks are favourable ...
@ assortz
if dr saurab is able to feed NF data into amibroker and gets out MP values we can compare with mypivots.com values.
@ assortz
sorry, one correction
day hi ema 5305.62
low 5240.45
close 5272.73
@mok,
thanks for levels..yes it favour us :)
Dr,
thanks for mails..
bye assortz bye mok
have a nice weekend
http://www.tehelka.com/story_main44.asp?filename=Ne240410the_indian.asp
whole IPL DRAMA unfolded
@ mok 11852206222016240633,
how mp values can be found out in case of ami broker
software? r u using ami broker...? Have u got any
good intraday formula to be used in it?
If so please
mail it to me some guide line at my email id :
arpitg345@yahoo.co.in
-arpit
@ arpitg
I do not have ami,
Dr saurab has it and is planning to try out MP in it.
Once he gets result he will tell us.
The formula will be in the amibroker.
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