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...
63 comments:
Good Morning Ilango Sir mene nifty buy ki he 5000 me or stoploss 4950 ka rakha hai sahi hai agar nahi to plese advise me
sir,
i am expecting nifty to trade in 4995-5135 range this week till friday and may possibly breakdown next week for 4884 to 4861 with some upmove in between.
today if europe opens flat or positive may see huge short covering and may also see a gap up open tomorrow for targets 5137
@ RG,
What you have been doing here is "just wonderful".
To put across one's views in print requires a lot of conviction.
Besides your continuous efforts to get to the "tradeable system with reliable results" are highly commendable.
Since blogging, my observations have improved.
Another consistent input has been coming from our "unsung hero" - SAN.
llango sir and all blog friends.... Dow future down -50 ... Ftse future down 83.... thanxs
@ Lakhan,
Keep a SL @ 4988 NF and book out your longs at 5035 to 5040.
Raise your SL to cost after 5-10 minutes. Manage your trade actively with the use of the intra charts.
If the bounce looks firm, part book and trail the rest by raising the SL periodically.
Dear Ilango,
Thanks.
At present Bulls have no alternative.Whatever the level there is,they will have to buy to save their FNO positions at least up to expiry .There is huge PE writing in 4700 to 5000 range from last few days.
Thank You Ilango Sir
sir,
in my charts there was a slight pos divergence
in hourly on monday where u had given one round of
part booking
volumes r not there in the upmove
dear rajgopalji your view on LT
Ilango Sir,
Only recently I started folowing this blog.. n it has been very helpful :)Thank you..
By the dreaded fall ..did u mean the 'C' of the bear which is to unfold Sir?
@ Mynac,5000Pe Oi nearly 8800000 5000 Ce Oi nearly
4800000 yt does it indicate can u elaborate it.
asian markets have recovered from their lows...will same happen in indian markets????
Consistent trading below 5000 in latter hrs today shall be final nail in the coffin.My views are only regarding "Day Trading".
POC at 10.30 AM is 5009
Dear musti1780,
It indicates that bulls will try and will have to try to pull out the market in upward direction whenever it will go up to or below 5000.
@ Bhavesh,
To manage deliveries, follow "Negative divergences of weekly time frame" and when that happens, sell deliveries and wait for few weeks.
So many frontline stocks such as Infy, tata Motors , Tata Steel, Bank stocks have given such a negative divergence in the weekly chart few weeks ago and have already fallen 7 to 15% from their highs.
as per rg sir's file
l&t in uptrend vix range today 1693 1628. didnt touch
lower range. hats off to rg sir
They have no alternative at least up to expiry.That's why we all are eager to know the furious Bear's next move.
Thx Mynac for my query but 5000 Ce oi increase reguraly
& its on high since morning & regular adition
is going on.
Sorry was called for a meeting.
===
Sir, Thank you. Even you cannot phantom the effect of your words on a crawler like me. It means so much. I will feel my efforts fruitful when Dear PS does a trade on the tech table and says - oops. it works (but occassionaly).
===
PS : Thanks for clarifying on L&T. "Trading with the trend" is the basis for the file. L&T went up with 200% 5D avg volumes for two days, still did not get into OS. Overall market is taking its toll on L &T and may attract huge attention.
===
SAN - As Ilango says your inputs are really adding great value to our day. Thank You. I am learning to read the charts with your posts - remember my request - yours are the best "case studies" that can be coupled with a small intro to help beginners like me.
Want to go all out and short the pants of the market , but Broker is yelling back "aukaat mai raho "
still did not get into OS - "OB"
**Testing**
Dax futures now down 1 %.
JP - L&T clarified above (PS).
does anybody know a good place for europe futures? i found this http://www.financialspreads.com/public/?utm_source=&utm_medium=&utm_term=&utm_content=&utm_campaign=
@whoever can guide me,
so is it a mistake to short L & T today?????
@lazydude:
http://www.igmarkets.co.uk/pricestream/outside/getMarketList?webSiteId=igm&businessArea=F&locale=en_GB&firstTime=true
Ftse will also open lower due to lower crude.
@ paresh , why short l&t when there are 100 more setups to short.
@lazydude
just because it was slightly negative, i thought if it falls i ll get higher difference in price compared to already 1 to 2 per cent beaten stocks :)
Sir & Family
GM..
@fritzroyreport
thnx
@raja
ig market is a betr one(beta)
sugar daddy wrkng as sug fut up overnight
http://www.traderslog.com/quotes-charts/?sym=SB!&gclid=CI_PyP7fy6ECFcFS6wodaDlIdQ
going thru NF CHARTS I AHVE NOTICED THERE IS SOME DISTRIBUTION GOING ON IN RANGE OF 5110-5120.IF NF BREAKS THIS RESI LEVLE SHALL MOVE TO 5035+.SUPPORT LVL R 5000-4990.BREAK OF WHICH CAN LEAD US TO 4955 LEVELS.
@ paresh ,u need a lot to learn then paresh. Dont short just because you think its not fallen, look at EKC then. man u cant short it.
Paresh - L&T is recovering to Day High in spite of a gap down of Rs 23. Target is 1690. If the trend takes it down, you decide on exit. As buzydude says why ?
lango Sir,
==========
You told me to resell at VAL 5044. Can I resell below 4988?, if it not moves to 5044
Thank you
==========
rg sir,
ur tech table will work there is no doubt.
but i shud have confidence of carrying out trades
in required fashion.
10 months ago when i started trading in f@o
( before that i was just an investor) i felt i had some
special skills.got into a position lost some money.
then i started learning ta. the journey is going on
ur tech table
is a wonderful tool but one shud be able to use it too.
PS - carry on. The amount of studies you make and quantum of knowledge you gather will ultimately make you an ATM (Automated Trading Machine) or a TR (Trading Robot) who will not feel the pleasure or pain of Profits and ....
All the Best. I am a kid who is happy with his new found "toy gun".
Manu - Hi. (?ig again you foxed with one of your ungli googlies).
Sugar Daddy - Yes. Got TA guidance and hence sounded you. Nice Bajhi stood his ground amid the ruins. Let's carry the sacks for some time. Can see 30+ around 5200 levels.
Dear Rajagopal,
Do you trade in Stock Futures or in Stock Equities?
Where do I find the highly appreciated system of yours
Thnx in advance
if this is the wave2, this should not move past 5130(32.8%) of fall from 5104 to 5090.
Sorry, 5030 and 4990
One may sell @ 5035 with SL 5060
Dear Bhope,
Rajagopalji's NF TA file occupies the place of honor at the top right hand corner of this blog under the heading "Technical Analysis".
Regards.
lazydude,
http://www.cfdspros.com/indices/futures-indices
llango sir what is the currant 5 Ema avg ?? is that 5026 ? thanxs
Bhope - Equity for Longs and Futures for Shorts. You will find all Tech Files on top right under "Technical Analysis".
Thnx a lot Rajagopal and RM...
Keep an eye on ABB - something brewing.
Doller Index again moving up.
If it breaks 5993, third down will start
@ Prabhakar,
There are multiple possibilities here.
You may sell, if it breaks 4988. Keep 5020NF as SL.
Nifty is near/above S2 since opening and if it stays for sometime more above that level... it may target the S1, Pivot for intraday.
So may I take a intraday long here? with a small SL?
Is this right outlook, friends?
Prashant - Wish it breaks 5993...5993
Thank you Ilango Sir
Can someone tell me how will EURO-INR futures be affected with EURO falling against US DOLLAR??
i mean will it fall the same value against INR as against US Dollar???
Bought @ 4991 SL 4980 Target 5020
@prashanth
sir is it 4993...
NEW POST DONE
thanx deepak.
Rg
seems EU dwn s alreadydiscounted..
Nifty is not able to hold above 10EMA on closing basis on hourly charts since 3-4 days so weakness will continue in my view. 4940-4955 is still looks strong supporting area.
Post a Comment