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...
61 comments:
Hi All,
Please check my blog out... http://indianiftyanalysis.blogspot.com .
I started posting from today. Please feel free to suggest ideas and criticism to make the blog better and direct to all my readers.
Thanks...
@all,
Please keep in mind the rally maybe generated by short covering and not a genuine long term buying. so far, Nifty trades near upper bollinger band ...A strong bullish sign..
@ Ankurbbhatt,
Congratulations on "Starting your own blog".
I am sure you will do exceedingly well.
My best wishes to you.
Thanks Ilango....I reqiuest suggestions and improvements ...whenever possible for you...after trading day...etc..
Thanks again....You guys are my inspiration.
@all
come on guys, back to business, no need to reply to those miscreants...market time is already nerve taking and in between replying to those, surely mean 'killing precious time'...
@ankurbhatt
congrats ..keep posting good work..
@uac,
why do not you keep off, when this blog does not suit you? should we not behave in a more responsible manner? how do you like if somebody comes to your home, you offer a cup of tea and he tells, 'you do not know how to treat and your tea is not worth?"
@piyush
Thanks for your input.
hi Illango..tuk long at 4923 2 lots...waiting for 4980 target..with tsl of one lot at cost
Dear Ilango,
I am not in the Bearish camp,or not the member of the camp but my little bit experience is telling me that if Bulls will try very much hard to go towards 5000 in such a hurry,then it will become more tough for them to sustain there.Beyond 5000 is not a question. In first half an hour 25lac has been added in the next series Nifty O.I. Short covering is far out of sight.There will be more addition in the latter trading session today..In the coming days,containing and considering such a huge O.I.it will be more tough for bulls to control the situation.Just like now because when NF has shown a top of 4954 ,now it has become a compulsion for bulls to keep Nifty in 4932 to 4954 range rest of the day. Let us see. Till then Bye.
ankur CONGRATS
Mr.uac,
So many times Ilango sir told that he is just presenting his views... and decision is depends on individual perception...
Please keep attitude of "All is well"
If u want u can argue with sir for difference in view but dont insult any body...
keep ur mind cool while trading....if it is not thn say "All is well"
wish u Happy and profitable trading...
Sir
Here worry some is, once Moneycontrol messages blog used to be very nice and most of the participants were very good. Later on.. many people joined and started using abusive language.. many good people left the message blog, now a days it lost its glory. Now a days you will see comments buy IFCI at present level( around 49 to 55) with in a month it will reach 120.. like this kind.
Expecting from blogger also changing.. my understanding in this blog is, we will come to know ( if I am illiterate) what are the possible ways market may behave. Selecting possibility left to each individual ( that too who wants to follow).
My humble request to you is, please do not think to stop this blogging
dear Ilango..ur analysis simply rock..god bless you.
dear ilango nifty 1hour 9 rsi showing over bought,
could i short around 4950 to 4960?
Good Afternoon All
I am a new to this Blog from Chennai.
Kindly help me...
Shall I short Nifty/ Bank Nifty at this level
@ Babu,
One of my favourite song is:
"Aayiram kaigal maraithu ninralum Aadhavan maraivadillai.
Aanaigal vittae yaar thaduthaalum alai kadal oyvadillai..."
Even a 1000 arms can never hide a sun,
ever waving ocean never stops for any one's order...
I am breathing this market since 1992 and out of which 14 years were spent in "exile"....and this journey will end to its "logical conclusion only".
hi,
no one is stopping no blog ...
its all about interaction and exchange of thoughts.
the problem is, when one blogger starts attacking another & its participants .... afterall its a close-packed,
so, how will someone called a "pet" visit that other blog and still feel comfortable ...
its like shutting the door, cannot understand.
sometimes keep going minding your way is the best way.
why bother, when there is so much else to be bothered about ...
each has a choice, including abusiveness or ignoring that ...
moneycontrol is a commercial venture addon. can only see the abuse, cannot understand the motive, though it might have been better to put own levels in a positive way like ankur or sethu does.
@all blogmates,
One of the key virtues of Good Traders is to keep calm in all situations...Don't worry about Ilango...He has seen it all in these many years...
@ Prakash Duraisamy,
You may sell at the resistance zone but remember this: It is only "OB" and not yet turned down or triggered(I mean the 9 hour rsi).
Also a vital point I want you to observe:
So far every travel of 9 rsi from top to down resulted in more fall compared to the rises when it went up from the lower range. When ever the fall becomes smaller compared to the last rise, you will know that a corrective upmove is on and bears are temporarily taken a back seat.
sir
can it be a trap..as Nf jun series still n 0 points
discount..price chart does not suggest that..
and "14 years of exile" ?????
matches Lord Rama..:)
Dear Mr. Elango
Kindly reply me shall I short this level 4938.
Nifty seems to be overbought zone.
Kindly reply me.
Ilango sir I am very new compared to you(started in 2000), but in 10 yrs I have never seen a guy like you.
Not only your analysis but the great heart to share with other.
God bless you.
Short @4947 today with stop of 4950 now target 4870-4860 today or tomorrow.
Dear Mr. Ankur
Shall I short nifty at this level 4933.
@mynac
u r right, the fast nifty rises towards 5000 levels, it will be tough for bulls to make it stand for further rise, in these time of extreme volatility..
plz note nifty vix is 45% up from normal level 0f 20..cleraly a sign of fear...
Ilango,
well said.even Lord Krishna and Rama had their share of critics. I think no further comments are warranted for his banterring.
best
Sir,
In the morning based on premarket view i bought nifty @4920 NS and closed near the resistance shown in ur chart @4945...
Now shorted @4945... tgt 4920-4925
Sir,
At which level a conservative buy will be triggered? Is is above 4985?
Thanks,
Ilango Sir,
At which level the conservative buy wuill be triggered? Abobe 4985?
Sir,
Sorry for posting the same question twice. But it was unintentional as my browser is giving me some problems since morning.
@ Sryasdmurali,
I generally keep the Nifty RT chart infront of me as I do not use any live software.
When Nifty comes to the strong resistance zone explained and the "RT chart" is in "OB" area, an aggressive sell should be done and the SL will be very small.
Same could be done for buy too.
The person who trades the "Day time frame" may sit through this fall upto 4865.
The person who trades by the "Hour time frame" may sell only below 4915.
The person who plays by the 5-minutes would have already sold and may exit if 4900 holds in the next 30-45 minutes.
Guys are always confused because of this... But it really is very simple.
I may be long and short at the same time. But my reflex for each will be different.
Test waters gently with your "belief system"..You will "expand".
@RAGHAV,
Raghav, I have bought 5200 Calls. I won't adviseyou to go short until below 4900. If Nifty goes below 4900, you can go short with the target 4850. take this advise with a pinch of salt ...it's your hard earned money...
@uac,
Ilango sir, only sharing his view not gives
any paid call, if gives he would have earned more money
than any other paid caller. First understand his selfless
motive i am following this blog more than two years
gathering lot of information from him and also from other
blogmates. (eg. today Mynac, given his view about rollover
i learnt from him). If you feel u are good analyst share
your views otherwise stay away.
We know only our performance, but our p/l report
will shows our true performance either good analyst or
good trader, think about your p/l report. If you have
true doubt ask him or give your views. if you critize
badly what is the use of it? nothing, we are all anonymous
Think yourself deeply.
@ all blog-mates except uac,
Avoid whipsaws in the market.. any kind of it may be .. and enjoy!! :-)
dear sir ilango,
i have sell @ 4949 buz clear see the negative divergance in 'nifty5 min chart '
so whats level we cover it
and bank nifty also broken is channel 9035 but i am confuse whats going trade in it ?
plz give suggestion
regards,
alpesh
The Trio of East moved up considerably..
Shanghai 2,646.29 +20.49 (0.78%)
Nikkei 225 9,625.40 +102.74 (1.08%)
Hang Seng 19,340.27 +143.82 (0.75%)
FTSE - 14
DOW + 47
just an observation..
SIL
Dear market follower,
Thanks. You are back. I really like it because I like your comments/views.
Dear Anil,
I know myself as a trader so what I used to do that I used to look only figures given by Dear Ilango and also by you people too and try to interpret the relevance of that figure to myself. Just like now, that, Dear Sethu was emphasizing 4932 from yesterday and so I was looking at that. Now I am sensing that bulls are eying for 4970 so they may try to keep Nifty above4932 then 4943 and then 4950 in the latter half if, if there is not much addition in Next month NF O.I. How much it shall be sustainable there shall be another moot point. So thanks to all for literate me.
@ilango
14 years of exile?...kindly explain
Are you mentioning about the time you spent in Gulf?
Just Speculating...you mentioned "Gulf" some time back
Cheers
@uac
dear uac, i m one of the best example here who started
gaining with the help of ilango sir.Before that for 2 years
i lost all of my savings.
Thanks
@ALL,
According to my trading system,
If we don't breakout long side now... Going back to 4900 is certain...
Asian trio firing away
Shanghai 2,646.85 +21.05 (0.80%)
Nikkei 225 9,614.95 +92.29 (0.97%)
Hang Seng 19,340.27 +143.82 (0.75%)
FTSE in positive zone +12
DOW +101
SIL
UAC
why cant you just keep quite and if your analysis is great then you should be busy bloggina nd answering your blog mates
@Suchislife
Thanks, I was thinking to have a look at Asian indices and you brought the data...
Dear @UAC,
It does not look nice to abuse u in this forum but u r doing all those things. Who told to u to visit here, if u do not like this Blog or analysis then be silent & do ur job, enough is enough. U r deliberately doing those things which does not suit a gentle man. This is my humble suggestion to u, pls keep busy urself in other things & dont ruin peacfullness of this forum. V r here not to fight each others, v just want to trade & our profit loss is ours. Hope if u r a gentleman then u will not reply to my post either........
Rgrds,
KUMAR
@Ankurbbhatt..
my pleasure... keep your good work n inputs coming..
SIL
Dear Brothers - this post may offend lot of you guys but as the saying goes WHEN A VILLAGE IS BUILT THE DACOITS RAID - similar is the case of this blog - over the last year it has become so much popular that we now see all types of tom dick and harry visiting this blog and advertising about themselves - when they find this is not working then they start critising IIango - My request you fellow boarders - DO NOT RESPOND TO THESE SMART ALECKS - if they do not like IIango's analysis tell them to stop visiting this blog - We are all experienced traders and know the risk to reward ratio in derivative investment - Bye Deepak
Sir,
I closed my short @ 4925 as per my tgt because of 5 day ema was 4921 and
Now bought @4936 NS keeping S/L 4921...
Is it ok...do u think nifty will cross 4950?????
@ alpesh,
BN may consolidate before moving higher..
Few hours of range trading (8980 to 9050)will happen.
@ bizagra,
You are not alone here, there are somany like us who have in past lost huge funds and now recovering with the analysis given by our dearest master, ilango sir. Of course, here we earn and learn both.
-arpit
ilango sir i had short nifty at 4924 what sl should i take
mynac,
thanks for the explanation. Lot of questions left. But will leave it for another time.
gd
@uac...I use to write comment regularly here.But stopped after few blogmates objected on my comments/updates.I stopped.
Lot more people criticized illango sir, but he never stopped his good work.
Good work are always criticized, but it require a big heart to continue after that.
@all,
Guys...Why are some of you so keen to jump into the market ? Don't you know it's the expiry day ? Anything can happen...Like somebody said in the blog...Avoid whipsaws...The market can suddenly gyrate in any direction today....Don't be impatient and lose money ...Sometimes sitting on sidelines is wisest....
Yes! here we are learning and earning!!!
@ dare,
It looks like a consolidation is on and the likely range would be 4915 to 4945/4955. It could become a larger consolidation seeking lower levels (4880/4865)- but presently there is no indication of it.
@prosenjit
i still miss ur comments hr..
Dont know if this is relevant. But 30L puts added in 4900 today. This could all be gone in a flash too and market can crash below 4900, but if FIIs have bought it to close market high, then it cost them just 3 crores and I am sure they sold a ton of other derivatives to make much more money. Experts ?
gd
All indicies/futures currently in +Ve zone...
Shanghai 2,657.59 +31.80 (1.21%)
Nikkei 225 9,639.72 +117.06 (1.23%)
Hang Seng 19,340.27 +143.82 (0.75%)
FTSE 100 5045.1 +12.3
DOW 10064 +95
Germany 5775 +19
SIL
sitting on the sidelines, prosenjit, you know how to do it :)
Dear Prosenjit ,
I am also with Dear manu,( He forgets to mention)we both are missing your comments/views.
NEW POST DONE
Ilango GM. Is this consolidation that u r expecting is due to overbought situation in 5 min chart and
price is below 200 DMA ?
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