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...
76 comments:
can i buy 5100 cal at 36 rs??
Am proud to announce that my “return on capital” is more than 60% in last one month just following “just nifty” …thanks to master and all the good souls here..i know its below par when compared to others as this is the figure from one of the last bench fellow.. :)
I remember master saying “ keep secrecy on trades” but I couldn’t resist :)
Good afternoon Sir and all
@ deemis,
Nifty is trading below its 200 sma after nearly 18 months of rally.
There is no sign of buying at that 4975 level.
Why risk buying now when no TA has given a buy..?
Even for a very short term, only a +ve div would give some profitable trades.I have not seen any tradeable +ve div yet.
THANKU ILANGO
Is "Viren's 4954 to 4965NF" is giving the pivotal support..??
Assortz,
I am very happy for you. Keep following Just Nifty.
There are some stocks such as Tata steel never made new lows after the opening lows.
sir i had exit my nifty long at 4984 buy at 4968
sundar,
nice of you… am not following “just nifty” but staying here :)
yoda,
:)
@Assortz
Ahh now I know the secret behind red cheeks/face!!
60 percent in one moth superb,I am sure you will get a call
from one of the mutual fund guys to manage their accounts!!
All the best for future as well..Good luck :))
5000 put attended highest chg in OI of 1.25 lacs and right now is 60,000
Also volume is huge today, but chg in OI is small.
Clearly original buyers are covering their positions from fresh sellers, thats why volume is huge but chg in OI remain insignificant to total OI...
so a small rally cannot b ruled out..
Ilango sir,
Can we expect new lows then in stocks?
@RG,
Dance before Europe opens ?
@assortZ
Nice to hear that :)
FTSE IN PLUS 5 POINT AND DOW DOWN 50 POINT
ilango sir i had miss the full journey
@anuj,
Thanks..But I have to tell the truth to MF guys – I had the ability to lose more than 120% in a month :)
@babu,
Thanks..you are one of my inspiration to “sit tight” on conservative trades..it was really tough for me to held the positions..
@ assortz,
The highly beaten stock like Tata steel shows that "profit booking" happening. Some stocks lead the way for indices. It coincided with Viren's MP pivot value support @ 4954 to 4965 NF.
My SL for Long(4950) for one of our readers was based on this pivot.
aZ : Congratulations. As the great Sachin does "look upto the sky ones". Also ensure that there is no blanket over the negative ones on hold - if any such are held then you must deduct the gap from your 60%.
Europe has given surprisingly lower gap down. Will it be the kick on the butt for our market?
I hope we now go to 5400+ as per Gautam Bajaj's analysis.
You see, I can board the train and take a northward journey. Then in July come back south :-)
@rahul, do not catch a running bus. I am also out(booked profit in friday, even though the message was loud and clear...'HOLD'! Opportunity will be many more.. train the emotion of greed and fear. Let us travel together in next bus. :)
ones - once please.
thats right assortz,
before i hit upon this blog i didnt even dream that
anyone can trade the way ilango sir trades.
now the scope of my dreams have increased.
sir must be one the top nifty traders. and those guys
whom public knows r loss making guys. they dont make living
bt trading but by getting customers by being on tv.
this is called KALIYUG
It looks like it can't even cross 5010. What's the VAL today?
hello ilango sir - is there any upside from here??
@sir,
Got it.. I understand downtrend is still on but profit booking is obvious ....i continue to hold shorts though booked at 4964 but re-entered at high levels again today
sir,
i took intra long, with day low as sl. ur sl came as
4950 so didnt close. closed with small profit.
cant control when i see divergence
is there something wrong with live updated nifty chart link...doesnt seem to update properly...anyone facing the same problem
http://nsetracker.blogspot.com/
@all
lost the link for dow futures,
can somebody dear friend, post it again
thanks in advanc..
@Saif,
It's working ok for me.
@RG,
Thanks..surely look for the blankets :)
@ps,
true
@Anil:
Chk these out
http://www.igmarkets.co.uk/pricestream/outside/getMarketList?webSiteId=igm&businessArea=F&locale=en_GB&firstTime=true
http://www.igmarkets.com.sg/pricestream/outside/getMarketList?webSiteId=sgx&businessArea=F&locale=en_GB&firstTime=true&skin=igindex
@Yoda..it updates for me but with a visible delay ..like around 5-6 minutes..so was just checking
@pravin
thanks buddy
@Saif,
20 sec update for me as usual. Maybe its your connection.
@yoda thanks..will check
AT WHAT LEVEL SHALL WE SHORT NF
sir/rg sir,
in my i charts if i plot oi in nifty fut 1 month, this intra
increase is coupled with decrease in oi,maybe some short
covering.
Ilango sir can we take this upmove as ABC. a is 4962--5017.
That is 55 points. Now b is on, we can add 55 points from low
of b to get end of c. Is this correct??
Hi Mr. Raja Gopal,
Shall I buy Tatasteel at this level{intraday}. Till now it hasn't generated new low and moreover it has broken contraction in 5 mins chart...
Sirisha
HYD
Has the profit booking over? Are we back on tracks ?
if assumed a short term bottom in place at 4966 then this rally may go towards 5025-5045.
hey , thursday somebody mentioned levls of 5550 suggested by his broker for may expiry
who is that
can u please come ahead and tell us if that call is valid even now
helllo
sir
tell me about rnrl
i can buy put strick 70
dear Ilango & Rajagopal - I am newbie and would like to trade in Nifty Futures - i have gone through the thread and have read about Elliott Wave - I have understood just the basics of this theory but find it difficult to implement the same in practice - Anyways since Ilango is pioneer of this thread and Rajagopal is senior member - May I request you to please let me know how this board initiates trade - any other member can also reply if Ilango & Rajagopal is busy - I just need to know how things work - once i become active member then should hopefully have no issues - Thanks & regards Deepak ( dipak1406@gmail.com )
Srisha - TISCO worthy risk. I am in from 526.
==
rochak : I remember this fig. Did I mention this? Impossible is Ignored at this place.
@rochak
its not my broker, i am trading on RGlobal & sharekhan,
its a report from cni, telling their traders for those levels 5500 for this may expiry.
but now they shifted to first week of june,hell to those guys who trapped small traders for earning their brokerage..
(update from my friend who subscribed for thier service)
Deepak : Welcome. I just speak a lot and loud - giving wrong impression as you have understood. Big zero in TA. One rule is kindly refrain from declaring your mail id. Read,Read and read. For me Nifty trading is College - must come thro the school - Equity. Try the famous PSsology - paper trade the levels in tech table - conservative and intra. Then decide about the plunge.
All the Best.
thanks raja, thanks anil
rajgopal, a request to u
how do u translate huge volumes in axis bank in last 2 days double the 10 d avg volumes for both the days, yest. broken out with + attitude, today down more than 4 %, any trend visible
thanks answering
@ bizagra,
You are grasping the EW well. Just keep the time frame in mind as well as the larger trend.
@ mayurkamani,
I do not suggest options trading much. Besides, I do not follow RNRL.
Hi Anil - you gave 5500? I also heard it and thought declared it here. It is ok. Some one must switch on the torch light in a dark tunnel.
Thanx Mr. Raja Gopal
rochak - Axis is knocking at some strong brick wall consistently. I feel it will go big if it crosses 1280-1290 barrier. You are perfect on volumes. Just covered my 1280 Short and waiting for confirmation for next trade. Very vibrant counter.Never a dull day.
@ bizagra,
Keep in mind that there are many irregular corrections that can confuse wave counting. It may not pan out so easily in fast trending markets.
Break of 4993NF could suggest of such an occurrence. And moving past 5019 would negate that irregular possibility.
Dear Ilango
Once NF breaches 5019 as it is currently trying to do so.. which level should we SHORT on raise?
please suggest
Sreeram
Ilango sir and freinds buy sesa goa
Hi Guys,
above 5010 nifty in buy mode for 30 to 40 points
gain in very short term. sl 4960 (ns)
hello everybody..gd afternoon
INDIABULLS REAL..showing good recovery..
Jay Shah : Thanks. If it is recovering from both day and week OS (futures) may be 382 is possible. Last count it was weak (OI-Price) and Down. Let us see.
ilango sir plz let us know the target for longs as nifty moves above 5020..
My Gut feeling is that we are closing today at 4950.00. We should start falling at 2:00-2:30 PM.
Gm all....
sir can we short banknifty around 9420 and nifty sround 5020 if there is no positive divergance
regards
vikram
nifty main aab kya karna chahiye buy/sell
NEW POST DONE.
Good afternoon to all.
Sir,
I closed my short posn at 4975. Now where should i wait to reinitiate my short posn. Thank you.
Ilango sir, target for c comes at 5045(4990+55). That is the
level to short again i hope.Thanks
Though i already shorted @5034.
Only reason i took was , 3rd waves give unfilled gaps.
...Testing...
testing. My old comment has got lost somehow.
PS : Monday 2.30
Jay Shah : Big Thank you. Do you have any exit level in mind?
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