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...
70 comments:
Rajagopal said...
Dear mynac - GM. Thank you for such convincing response.
==another lazy one who did not mail but got the response.
@ilango sir,
Going to ask a silly question following syamala's comment. I see 5-ema in tech table.
where is 5-dma in the table ? Appears I am missing something obvious.
gd
To Blogmates,
Levels suggested in the pre market has been calculated
from which data ? Please reply as per convenience.
@ Rg
Tisco time and any link..plz
@sir
can u plz ellaborate syamalas comment..
as Rv also said me d same at 5020..
Golfdude,
Check EOD analysis posted by Sir daily. See the Pivot table for averages.
Master kept Unit test but result not announcing:)
Manu - Expected around 11 am. My source is only 20 mins reading of news paper. The profit is lesser than expected (source) and in June price reduction will be there for Steel due to demand recession (source).
But is the present price of TISCO has addressed these? Tell me Are you LONG?
@ All,
Bias for the short term has turned +ve as per tech table. Tone down your shorts.
As long as it trades above 4865(VAH) & 4839(POC), Short covering may keep it towards 4900-4915(5-ema) for the day.
@gd,
Its the '5-D' next to it.;)
dear rg sir,
sail also planning for price reduction
due to less demond and also all steels
may queue for price dedution
Sir,
That means many people failed in unit test :)
Sir,
Which oscillators in the tech table point to positive bias?
@RG
badly long frm 508 lvlls hedged half frm 501 lvls..
want 2 book shrts f june series..huge mtm loss in it..
but saved by sirs nifty and bank nifty..
@ golfdude, Manu,
A simple moving average(sma) is just an average of last 3 or 5 days and it equally divides each days' close.
An exponential moving average (ema) is calculated based on a mathematical formula which gives more weightage to the most recent day's data and hence it reflects the recent "Strngth or weakness".
So when you compare a sma to an ema of the same time period(I prefer 3 & 5 day period for short term),
If the ema goes above the sma, it means there is strength in that short term and vice versa.
This is shown in the EOD tech. table in the last two rows with the colours showing if it is weak or strong.
that a nice explanation,
thanks sir,
getting resisted at yesterdays high 4887..
keep watching, strength will come once it get past..
even holding 4855, will be a sign of short term up..
gd
columns ah and an in daily data in sir's xl file
Ilango sir, can conservatives simply hold with running sl 4985 or
close above 5 dema?
@ Prashant,
The Hour Slow macd has turned up, but in -ve area- a mild bullish indication.(This is not shown in the Intraday Tech table).
Most importantly, Nifty opened above 4850(the HHema) and now closed above all Hour ema ....
If there is a short term reversal is happening, this could be the first step. Main confirmation will be a close above 4872(mild one) and then a close above 4915 (Better one)
@ RG
dma is ma is sma
for day
yeah, sethu, good one
brought in the pe, i remember that post.
@ bizagra,
Since your shorting level was low, you should have booked out @ open. Why give back to market so much when your holding pattern is of very short term in nature.
@ Sethu,
Which "macd" gave a buy "Trigger" yesterday..?
Bought @ 4868 Sl 4860 Target 4902(Day 5 EMA), 4940
Ilango sir, i was holding my shorts from 5182 levels, only one
mistake i did that day was exited @ 5025, then entered again @4920.
Thanks
@all
The European markets failed to benefit from the recovery in US stocks and ended sharply lower.
so can we expect a good positive start from europe, if at all to atleast match other indices...
experts plz comment...
Ilango sir, i think, if it gives closing above day low ema today, i ll exit.
Sir,
If possible, give me BN resistance points. Yesterday I did part booking as you told at 8830-8850
@all
The European markets failed to benefit from the recovery in US stocks and ended sharply lower.
so can we expect a good positive start from europe, if at all to atleast match other indices...
experts plz comment...
NSE website lists tomorrow as clearing holiday. Does that mean F&O clearing will be today or friday?
GM Sir,
Seems a “Critic”al morning,
Few thoughts------------
Critics are like washerman (“dhobis”) ,they wash dirty linen .They should be encouraged ,but need “Sita”,give “agni pariksha” at every Pivot? But I can understand the valve mechanism for a person sitting in the “Green” pressure cooker.
Even the best mechanized ,automated trading systems give whipsaws,we are dealing with Human interface .
Teacher Teaches,We Trade .Our money ,Our call .Nobody received invitation letter to come to Blog ,Nobody gives cuts in profits.Learn and Earn.
Hi friends GM
Nifty has broken out of the hourly falling channel, now trading in the upper Zone.
@Ilango,
There was a positive divergence in the 1030 ema and macd (http://stockmarkettechnicals.blogspot.com/) yesterday, I don't know about a buy signal, but I was hoping.:)
Sir, Opening Value?
ilongo can i can i take long
Dear Vinay!
That mean clearing holiday, not a trading holiday. Trading will go on but deliveries will be settled in next day's settlement.
@prashant
4807spot 4855future
@ Babu,
sir has already given possible levels for Bank nifty in his Blog " Stockwealth"
A large rally is possible above 9050 (chennel break)
otherwise watch the levels 8950\8970 - 8865\8875 and 8765 \8665
These are the levels given there
-arpit
Now a days RV even salutes(GM friends) with a sword only.
GM RV. Straight onto 4th gear. waiting at moh
@ilango sir,
thanks for the explanation. Will look out for that.
Thanks
gd
@ Prashant,
4855.90
@ Yoda,
This +ve div was persisting for three distinct lows.. Piyush Sharda has been after it.
With Nifty closing at its lowest yesterday, there could not be a "Buy trigger" in any macd but only an aggressive contrarian market smart reversal call possible.
@ Venkateshwararao,
Buy should have been @ the open. OR at the first pull back which has also gone by..
Buy only near 4865-4875 with a SL @ 4850 for 4915-4925.
These buys are for only intraday and can be carried overnight only if closes above 4915.
To all blog mates, off the topic
ASt present PSUs are bign audited by qualified charted accountants . In additions C&AG auudit isa also there. Like that whether it can be make it a mandatory one for the companies like inforsis,HLL.ITC etc etc @ least once in two years or so on
Whether it is possible through Right information act to get audited notes, (other than one published in annual reports) viz what are the informations that they are asking from the companies etc etc to fine tune the auditing mechanisim and to avoid Sathiyam like frauds
is there any body already open this subject in any other blog and if so the same may be furnished
Any voting done for this purpose
Thanks
@Arpitg
Thanks, that means either short or sl at 9050 for me.
@ Aar vee,
I have two very valuable critics and argue with them very much on various subjects - they wash very well.
I welcome all critics but just be prepared for my side of arguments too. Critics should fear no one and be able to call a spade...spade and above all "unbiased" themselves.
@ Babu,
Means one should not remain in short, if BN crosses 9050, and if crosses with high volume one should go long for a larger rally. But 9050 level should be watched carefully. I will watch 9050 at closing only to go long because the overall trend is down.
-arpit
true, Ilango, no sign at all of today's gap up except for settlement-savvy and luck.
THIS IS MY YESTERDAY COMMENT:
1) One hour candle must close below 4842
2) subsequent one hour candle must not close above 4842
FOR CONTINUATION OF DOWN TREND
OR
IT MAY FORM RANGE 4830--5030 FOR 4 TO 5 DAYS.
FOR TRADING RANGE-- MAY BUY ABOVE 4870 SL DAY'S LOW
Market given clear view now that holds short at sl of
4865 go long above 4865(market should above this level
for 10 min) DAY'S LOW
@Ilango and all
------------------------------------------
I am not here to proof myself of my view
I ask all, please go through any of my comment it won't
mention any direction at all, only gives range either
short or long. I am very short term player so my view
will change very frequently if market moves 50 to 100
points. We all know that longer time frame trader have
different view than short term trader, it's natural.
If any of my view hurt anybody's psychological trading
decision i am not responsible for that. Again again i say
i am only market follower i don't have any target,
if market turns i turn as i am very short term trader.
If market goes north or south i don't care but how quick
catch the direction that's way only playing. i am here
only for business not for fun. If anybody felt hurt my
word i say sorry to them. please don't care of my view also
Already i gave up my ego i learnt from market
DEAR RG SIR,
ANY UPDATION IN TATASTEEL;
ITS FALLING SLOWELY
sir,
that is the problem divergence is usually opposite the
trend
i usually end up being a bird picking crumbs on a
highway (trend)
risk is too much going against the trend.
Also looks like the paranoic west panicked after korea, and recovered -380 to -22, to help our bulls to push up ?
Will we maintain for tomorrow, or go filling the gap now !
Dear Ilango..
Is this the right time to buy NF LONG as you suggested between 4865- 4875 with SL 4850??
SIL
I think we fill the gap, mok. For the next couple of days they'll be selling puts and calls, so nifty'll suck us all in for another round of highs and lows.
yoda,
to be on sideline is better till a trend emerges again off expiry influence ..
?
@ Suchislife,
Yes..I think so after seeing the +ve div being reflected in the firm prices. The SL should take care of any unwinding by the "bruised/ battered bulls" of this series. Only for the very short term.
@ Sethu,
All credit to your aggressive, smart & bold decision.
@ Gurumurthy,
You have grown well in the past year and it shows in your confidence.
Put across your views "Just as you read them"..
Thanks Ilango..
Will enter long with suggested SL..
Regards
SIL
test
Yes, mok. Unfortunately I've never been good at sitting on the sidelines though I regret that often. If you are disciplined enough -2d to +2d pre- and post- settlement ought to get past the anomalies.
URGENT PLEASE
anybody knows anything significant on grasim, which is down by more than 20 % today
thanks
S No Date Day Description
1 01-Jan-10 Friday New Year
2 26-Jan-10 Tuesday Republic Day
3 12-Feb-10 Friday Mahashivratri
4 01-Mar-10 Monday Holi
5 24-Mar-10 Wednesday Ram Navmi
6 02-Apr-10 Friday Good Friday
7 14-Apr-10 Wednesday Dr. Ambedkar Jayanti
8 10-Sep-10 Friday Ramzan ID
9 05-Nov-10 Friday Laxmi Puja*
10 17-Nov-10 Wednesday Bakri Id
11 17-Dec-10 Friday Moharram
year 2010 holiday list then where is the tommorow holiday ?
@Rochak, Grasim removed from nifty 50 list.
Tomorrow is bank holiday. Market is open.
Beware of the Firangi. He is least bothered about the world. He may cooly sell off what he picked yesterday. The perfect business man.
PS : Where where you hiding all these phrases?
rochak ,,grasim ex samurti shareholders will get 1 share for every share held
Dear Raju!
Tomorrow's holiday is a clearing holiday but not trading holiday, u r showing list of trading holiday. There is no holiday tomorrow for trading, only shares purchased today will be sold upon one's own risk as per clearing purpose. I hope its clear to u now,take care.
Raju - it is meant for settlement. Must be a Bank Holiday on which market is working. No confusion.
Hai everyone
Nifty hour chart reversal attempt no 2. Will it sustain. ?
http://niftychartsandpatterns.blogspot.com/2010/05/nifty-hour-chart-2nd-reversal-attempt.html
thank you
@kumar, say 'clearing day' not 'holiday'. You're confusing.:)
thanks for my doubt
dear kumar and Rajagopal
NEW POST DONE.
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