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...
30 comments:
Rajagopal Sir,
Saw your excel file... its really amazing thanks a lot for your hard work on this...
I remember you told that you prepared these files using your own software.. could you please tell us more on that so that we don't have to bother you every time for this amazing work....
Good Morning all!
Today (once again i'm betting on my instinct!!) is the day to cross 5400!
Good Morning ilango sir and other blogmates
-arpit
good mng ilango sir and all blogmates
as per mp i think 5341 nf , high of thursday will be crucial
thanx
v good morng to all and ilango sir
GM to ALL
Thanks to RV & RG
GM to All, I have initiated short at 5345 and covered at 10 points. below
GM all!
Sir
Bank Nifty @9909 - can we short one lot here?
Thanks
Dear Ilango and Friends - Good Morning.
Thanks Ilango for certifying the utility value.
Arun and Friends,
1. It is just the TA parameters advised by Ilango that is coded into a software so as to avoid manual intervention and easy file generation. It is just a kitchen product.
2. While using the file : a. Remain strictly with the trend in considering the Long/Short positions. In today's +ve trend I have stuck to the UP counters.
b. Please be extra cautious with "care-trend can reverse" categories - these counters are developing divergence that can change the direction. c. Please keep big news that can affect the expectations 'momentarily' - eg RIL having a +ve TA based movement is hit with result rejection news.
Trying to incorporate the 'break out' angle among the N50 - hope it sharpens the tool.
Kindly spare a few miniutes with your comments that will help in fine tuning the output/results.
Dear ANYONE
Today tisco 1.58% up is there any particular
reason behind this please
Good morning Ilango Sir, and all blog mates
------
Sir,
I have short in Nifty future at 5300. Can I wait for 5275 - 5285 Level? or ewxit at present levels?
Thank you
Dear small trader,
some short covering in tisco ahead of expiry
Dear Ilango/Blaogmates,
Good Morning,
Considering Reliance's negative movement today, The O.I. addition in Nifty Fut. of 600000 up to 9.20AM., the days left for expiry etc. it looks tough to sustain above 5300 very convincingly up to expiry. It will have to trade above 5350 after 3.00 PM. today if it wants to go up from here. 5200 Option data is/was the key for this series. We shall watch it because every thing is possible here only. Bye. Shall join in latter session
Thanks saravana
because
i am holding shhort in tisco,i think
you are also short in tisco
@ Rajagopal,
Your file has made my work easier at Stockwealth.
This gap up has given the downtrending stocks the "Projected High" currently. That is how one uses the gaps for trading.
ORB of NF has given an intra sell @ 5331. At the open Nifty is being resisted by the previous sharp sell off high of 5341.
"5323 - 5346" will decide the future movements for the day.
since mng bears able to hold 5340 nf level those who were aggressive short on friday close can now wait for lower lvels to come--- 5286nf should be the point to cover shorts as far as my studies r concerned
disclaimer--- L--learning mp**
Ilango sir, our S & R is still 5230???
sundar sir,
i had posted following based on what u taught on saturday.
pls comment whether my understanding is correct.
reposting
Friday nifty closing 5304
Vix 16.56
Nifty range 5351-5259
Put 5300 and 5200 put oi increased to probably upper end may be tested.
Ilango sir, i m asking about S&R bez i want to take short position when confirmation comes.
thanks
Dear Ilango - Thanks. I recall "the Squirrel and the bridge building project".
Piyush,
Perfect.
@ bizagra,
I have not changed the S&R today...oversight. Thanks for reminding.
A close below 5272(5-ema) or breach of 5245 may be taken as a S&R.
Rg sir,
Congrats ur file is a exceptional piece of work.
As u asked for criticism I can find only one
Ilango sir made a tech table he made writeups supporting tech table how it shud be used.
Maybe for this file also some writeup shud be detailed made, link posted on blog so we can reread it
My understanding is slow.
Why do people write books if 5 line posts wud be sufficient in understanding concepts?
Pls provide link of nse site where vix is available
Ilango Sir,
I have short in NF @ 5300. Can exit or wait for 5275 - 5285 levels?
Thank you
@RG
Great work RG. You are making intraday-trading very simple. Thank you very much.
@RV
Thank you RV for the Utilities file. It is going to be very useful to me.
NEW POST DONE.
Few big "Claps" for dear Rajagopal..
Piyush,
Try myfno.com. After initial registration, whenever you login again change the USP to http://www.myfno.com/Smapshot.aspx. You will get all details in one page - OI, VIX etc.
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