50% comes @ 5027; 61.82 % comes @ 5070.
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...
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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 ...
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
43 comments:
hi ilango,
pls open price
tsrini74
@ tsrini74,
Open: 5002.65
Thx Sir for ur kind Reply
I book my long with 12 point loss & reverse my position
@ 4993 Nf
I place a stoploss of 5010 Nf
Sir this strategy is correct or may need some changes?
any stock specific ideas today........any one...??
TIDE WATER OIL breakout. bought at 5100
Market Price : 5608
closing SL today : 5400 , Target - 6000
breakout share.
i lango sir ji
4985 levl mentioned by u ( or any other level u mention ) , whether are spot or futures
thanks answering
i wonder whrer is IITIAN today
looking for him
:) rochak
@ rochak,
I mention spot levels mostly. If it is futures, I would specify NF.
IITian has given a broader view.His gap down of Friday came true. No one can predict markets consistently. But if we can make good trading/ investment plans and follow them, success is ours.
@ musti,
4973 is the Hour High ema. You book your shorts around there.
ilanog sir,
Bank nifty open and high shows 9524.50....is it right figures or fake ones....?
-arpit
sir
4957 hour high ema for 10 am
GM friends. I agree with Ilango Sir, we should not discount anybody's views. The sentiment has changed for the worse. If it were not for the Ambani's truce we would have gapped up by 20-30 points and testing support at the lower levels.
The ease with which the supports get taken out means the bear is back stronger and more fierce.
I think it's turning down.
@ Piyush,
That is for 10.00AM, but I have given an approx. value for 11.00AM taking the high as 5005.
@ arpit,
BN high is a fake one.
thank u sir
More announcedments likely from reliance group. Anil Ambani may be compensated by Reliance Ind for the losses on Gas Price. RNRL & Rcom may be taken over reliance. Some assets from reliance group may be transfered to Anil Group. Announcement likely to be in few days.
===circulated information.
May be the risk taking trader will remain long in RNRL,RCOM and Short on RIL (from lower and higher levels respectively).
Just a thought...
dear IITian sir you had told on friday on monday there will a gap down and nifty will go to 4700 when it will come please advice
@Rajagopal,
That should do a lot for the VIX.:)
Take over of RNRL and RCOM (his baby!) by RIL will be positive move. Hope he does not give away Reliance Retail in exchange.
Sir, dollar index is going up with huge vol and coming down with lower vol, does this indicate the capital market looks bearish except this pull backs?
@ Maynac & all
5000 Ce & 5000 Pe increases simultaneously
Yt should it reveal?
Are we going up or down?
Despite of huge addition in NF since morning,(1700000 approx) from last half an hour NF is trading above 4985 looks a danger sign for bears.In the latter trading hours considering the intraday movement up to 11.06 P.M. is it the first alarm for bears?Dear Ilango, Pl,guide us.
Ilango Sir,
=========
Nifty is not slips to 4950 - 4965 levels to exit my NF short. Can I wait?
Thank you
=========
Any body Give View on Gold
I am holding few ETF can I book profit here or
wait?
As Gold is reguraly down but due to
high dollar it not fall,so should I book or wait
Ilango sir Goodmorning,
sir from where i can take figures like opening range (open, high, low) and hourly open, high, low, close. i want update tachtable but my IIFL traderterminal showes differ values from your. please guide. thanks
thanks,
wormwood,mohk, tot amit
@ sanju
u can download file eod, then manually copy it frm here during the day to update
sir removes freak quotes usually at opening
Total Qty of Nifty traded 68258917 at price 4985 to 4989
@ Prabhakar,
Exit your shorts.
Tata moter and Tata steel
has result this week
can bounce 5% fr here
rahul
mynac,
Thanks for your mail. Points noted. From today's data, I can see 10 lakhs addition to 5000 puts compared to 7.4 lakhs to 5000 call. As far as 5100 is concerned, Calls are reduced by 3.6 lakhs compared to 1.5 lakhs for Put. So the trend as of now looks bullish.
determined bulls or baiting bears ... nifty is in no mood to fall.:)
I exited my short.
Thank you Sir.
@ piyush sharda
thanks piyushji,
but my intention is to know any site where i can get open, high, low, close that match with our blog.
i also exited my short, now looking for direction!
hi dear sir ILANGO,
plz give the bank nifty 10.00 clock data ( cunfuse buz 9524.50 open= high)
regards,
alpesh
Now we safely assumed that 68258917 Nifty purchased by some one at 4985 and it is now good support.
Ilango sir, i just came to my office, sud conservative shorts
exit signal given?
Release the BULLS. Let the Games Begin !!!
===
Hi mynac,Yoda,PS,one in a bluemoon Sundar.
Shr - Cud it be Reliance Retail? Some prospective Airline venture is bound in it
Dear sundar,
It's my pleasure. Thanks Dear Ilango,for addressing Dear Prabhakar.Bye,will try to join in latter trading hours.Thanks.
Dear Rajgopal,
Can IFCI be one way of reliance entering financial sector, it showed some very good volume move on friday...though very muted so far today..
disclosure: huge position ifci may series.
Thanks
NEW POST DONE
@ alpesh,
BN open 9237.2; High 9275.45; Low 9212.70
@RG,
Chota bhai wanted to buy Airlines but the king of good times pipped him to it. The captain did not disappoint Bada Bhai and has given him good stake in cargo business. This will help backward integration with retail.
So better chota bhai ask for and get the Indian Party League ... oops i mean the mumbai indians. Reliance retail best when with bada bhai.
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