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...
66 comments:
excellent prediction illango sir n gautam sir
it just zoomed to 5210
@GB,
I think you co-relate sensex’s 61.8% @17540 into nifty’s 5235.. correct ? we can expect a fall from 5235-5240 or from 5270 which is channel resistance ? we have to wait and watch
OI experts can advise how the calls/puts are shaping up right now as 5200 is taken out..
we stay at 5205 for some time..and next dance when europe opens..
@GB,
I think you co-relate sensex’s 61.8% @17540 into nifty’s 5235.. correct ? we can expect a fall from 5235-5240 or from 5270 which is channel resistance as stated by ilango sir? we have to wait and watch
OI experts can advise how the calls/puts are shaping up right now as 5200 is taken out..
we stay at 5205 for some time..and next dance when europe opens..
NIfty is lacking momentum in this rally so long holders should tighten stops below 5185..
it seems another high attempt and -ve div vl setup in price oscillators, to commence a intra fall towards 5160/5130
Yes Assort thats right. 5235 /40
I hope we c 4800
Ilango Sir,
Long in NF at 5183 with SL5174 NF. can I wait for profit booking at 5225/5240? SL is OK? or it should be changed? Pl. give me advice.
or even 4900 would do =-)
A nice break below 5130 will confirm the bigger fall
@GB,
That is Brave statement ..i mean 4800 :)
Missed to thank you for blogging again..we need your inputs as always whenever time permits you..:)
@Gautam,
From 4900 (or after the correction from 5240), will the journey to 5400+ by July still be on?
@ Prabhakar,
You could book partial profits here or trail it with 5198.
Gautam sir my chart in amibroker is showing in horizontal line due to which candle r not showing can u plz tell me how to get it right
BTST Scripts of y'day :
Projected@ 12.22
AXISBANK 1319.82 1319.90
GAIL 437.27 435.00
HDFCBANK 2004.63 1995.00
HLL 242.02 243.35
INFOSYS 2718.22 2709.95
ITC 268.52 268.00
L&T 1585.82 1582.00
M&M 562.93 570.70
NALCO 417.39 413.90
NTPC 208.10 208.20
RANBAXY 468.85 465.80
RIL 1110.59 1093.40
SBI 2373.98 2349.00
TATAPOW 1372.44 1364.70
WIPRO 694.90 692.70
Heavy weights upside balance due. Will it propel Index further?
Monthly high ema - 5241
5 wema - 5245
this hour closing above 5105 can take off to 5245/5260 levels
Thank you Sir
Asorts thanks.
SHR - Possible / but if this is a 5 wave decline then 422
is min target
Mojib - I cant say unless i've seen the issue?
NIFTY CHARTS ARE FORMING RISING WEDGE IN 15 MINS CHARTS. SUPPORT LEVELS ARE 5200.
gautam sir I tried to drag one indicator into chart sheet once i did it chart which is showing perfectly got contracted in horizontal line and I dont know what to do so that chart will show in vertical line
Booked full(1 lot only) profit in NF Long at 5215. Thank you sir for your analysis.
@RG
heavyweights rally due, means last leg for today upto 5240/45 as experts above talking is due,
Hi GB - Nice that you could steal some time. Is it acceptable to reverse 5300 level longs at this point - will the short cover the gap? Or is it ok to allow it remain (Long 5300 June). Aggressive strategy Welcome.
RG - better to reverse at 5235 (cant say about june)
Mojib - Double click the indicator and do not drag to chart
Should work in a new pane
For now right click chart and delete the indicator you
added
Max upside is 5235
Hope so Anil. Clinging on to them for a few dollars more.
breaking 5200 will be good
booked half(20 lots @ 5218)high
hahaha
thanks ilango sir.
kind regards....
vicky....
bearish factors today
double top at 5200.
neg div in 5 min macd and sell
neg diver in fast hour macd no sell yet
@mojib,
right click on the chart and delete the indicator that
you have dragged on, chart will come back to normal.
do not drag the indicators onto the charg, double click to
add them in a new pane under your chart pane
best,
Good Afternoon Everybody.
5210 dbl top,
gb sir
r u calling for a sell here with 5235 sl
sir i have taken intra short what shud be sl,
again crime??
@ Rajagopal,
If most of your "Projected Highs" for the BTST stocks are nearly met, a doubt over further upsides to day - it could remain sideways..or correct..
This kind of info is quite useful.3
@ Mynac,
Any new observations on the OI front..?
Thank you GB.
Hi PS,Mynac. Europe in +ve, upside due in heavies - will it take NIFTY to the top singing
Ilango
"vaarai nee vaarai" !!!
Correction confirmed Sir?
Dear Ilango,
Addition of 1700000 in NF O.I. is looking scary.At present favors the bears.
NIFTY CRACKS...
Ilango sir, can conservatives think about 5175 as S&R.or
stick to 5145 only??(asking again as 3 hrs passed and new high made??
PLz suggest now.
I have simple indiactor..
When the traffic increases here in blog..we either fall or up in 5 min bar.. :) just for fun ..
Can I go short in NF here Sir?
asking again as everybody seems to be bearish.
gautam sir could u plz be online for few min
illango sir as you advice Prabhakar to trail sl to 5198 sir can i short there
Dear Ilango,
Last 1.45 Hrs intraday chart indicates that now 5203 to 5208 shall be main hurdle in the up move.Beyond it, the possibility of intraday short covering if there shall be any .I am reading it correctly?
lol@assortZ, so true.
I'm inclined to look here for any perspective contrary to mine at turning points - there are so many others following news, indicators and charts that I don't.
Rahul,
Advice to prabakhar is to be considered as level for the trade which is in profit…
To enter shorts, I think one can consider on the break of 5175..
Above just my opinion..experts should back this..
@ bizagra,
You can revise to 5182. OR stick to the earlier plan.
@yoda,
Wish to have the same inclined updates regularly from you :)
@ rahul
You got the answer :)
rg sir,
europe is up 0.5% we r already up 0.5% we follow europe or europe follows us?
i dont know how to accurately decipher it.
yes assortZ thanks
Yes PS. Which is first Egg or Hen ?
Yes Mr.Assortz that is profitable trade for me.
dear rg sir,
can you please update the view on tisco
@PS,
We have been the leaders in trend in the very recent past..i hope am right
OI - 4L calls unwound at 5300 and 2L calls added at 5200 past 1 hour.
gd
SmartT: Other than what is in the file, the info is LARGE Shorts are built by few and the bears have deep pockets to increase and hold the Shorts in TISCO. So when the upmove comes and Short covering happens ...
GD help me understand. what does that mean in english
Intraday unwinding of 12 lac in NF O.I.
ty, I will.:) @assortZ
It's too early to go short yet, Nifty could merrily turn up again from 5180
@ all largest change in OI in 5200 Pe nearly 12%
Yt does it indicate?
Any sugestion
@sir,
Are we closing below 5ema @ 2.00 pm ?
If addition in 5200 PE means bulls confident of building good support at 5200?
@ assortz,
It managed to close above Hour ema but below HH ema(5201).
@assortz
sometimes guess also works.
taken longs back lets see if market obliges
NEW POST DONE
Dear Mr. Elango
Nifty will reach 5190 today ?
please guide me
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