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...
44 comments:
Ilango sir,
mene 5060 me nifty sell ki hai to ab muje kya karna chahiye please suggest me
@ Lakhan Jadeja,
I have earlier suggested to book profits @ 500-5015NF. Only if Nifty spot closes below 5037, one should carry shorts for tomorrow.
Trade light.
Sir
Nifty has closed below Hour Low Ema. 1st time it is doing this after this rally started.
it did close below the L ema but bounced from POC & Day high ema
Hi Mr. Illango,
I shorted Reliance @ 1035 {spot}, but now suddenly it bounced back from those levels, so what would you suggest at this point of time{intraday basis}.
Best Regards,
Sirisha
Hyd
Sethu - both Long? (Ster & Mp)
@ Sirisha,
I do not monitor stocks much during intraday.
Keep a SL-1040. as overall trend remains up.
Thanx a ton Mr. Illango......
Ilango sir,
Understand that we cannot carry shorts if we close below 5037 high ema.. but closing above 5037, can we consider as comfort if someone hold longs ?
@ilango sir,
Intraday long now ? +ve div with triple bottom in 5 min chart. If Nifty stays above 5045 ?
gd
Thank You Ilango Sir
Raja Sir 2.30 factor +ve or -ve?
Turnover
Cash - 8990 cr
f&o - 46740 cr
These days cash turnover is greater as compared to nornal days, and f&o turnover is meagre compared to normal days, so can it be big players are slowly offloading trucks, or smart players r buying(in difficult times)...????
Sethu sir,
5050 Nifty future or spot?
STBT
Scrip Name LOW
ASHOKLEY 58.36
HINDALCO 143.35
HOTLEELA 44.16
MOSERBAE 56.79
PATNICOMP 536.01
PUNJLLOYD 116.30
SUZENER 54.56
TCSCONS 713.65
TECHMAH 621.66
BTST
Scrip Name HIGH
APOLLOTYR 73.44
BOB 711.40
IBREALEST 162.46
IDBI 116.14
IDFCLTD 159.35
IFCI 55.39
ISPAT 18.18
KFA 45.55
NOTOLLCO 28.79
RIL 1061.45
SESAGOA 381.06
TATACHEM 331.95
TATATEA 1105.19
UNITECH 74.51
YESBANK 293.75
Taken when NS was -9, so please take care. Refer to TA-T for conditions.
All in F&O not in Equity.
Ilango sir, i m sitting quiet with no trades as confused.Yr tech table also
showing no positional trade.Plz suggest.
Thanks
Sir
Bank Nifty @ 9350 - can we short it here?
Regards
@ bizagra,
If long taken, SL may be 5015.
Ilango sir long not taken, can i take it now positionally?
will it be good risk reward?
Thanks
Hai everyone
Nifty hour chart updated
http://niftychartsandpatterns.blogspot.com/2010/05/nifty-hour-chart-fibo-levels-in-action.html
thank you
@ Bizagra,
Weekly sell signal is intact.
If not closed above 5105 today, monthly will trigger a sell.
Hence, not suggesting any positional trades. Would wait...
Sir
nifty spot making new high but nt Nf..even if v consider
dividends..still a big gap
Ilango sir,
Can banknifty be shorted?
30 points discount...... Nifty will play in 5100-5000 for sometime?
sir
monthly will be 5092
weekely 5077
correct if i m wrong
sir
u said
""""""""""""""""The channel top comes @ 5050 to 5070 area. "5082" is last week's ema and "5105" is the next pivot high as well as Last month's ema.
However, Hour would get "oversold & triggered" by 10.00AM. But with strong daily momentum, the corrections would be mild. The earlier "Strong resistances of "5015-5020" may offer supports (assuming here a gap up above this)."""""""""on 28th may pre market..
Our DII and domestic retailers take our market higher and higher in the absence of FII and tomorrow FII will sell at higher rates pocketing profits from us.......?
-arpit
@ Manu,
Last month ema was 5105. To stay in uptrend, it has to close above that.
There may be some upsides left upto 5160-5200 but not enthusiastic about it.
Monthly sell is happenning. Nifty will not close abocve 5105 when averaging is accounted.
What about Bank Nifty? Sell at this level?
Regards
@ Manu,
Markets have done exactly the same by a shallow correction and moved higher. If any one has gone long @ Day High ema - the first support could continue to hold for higher targets.
sir
shld i carry ositional
longs in nifty stocks..i m confused
Ilango Sir,
Can Bank Nifty be shorted?
4849 5102 5253 present monthly L C H 5ema, sir
By keeping the weekly sell intact with a close below 5077, Nifty has gone up in the initial part of current week. Similarly, Nifty may move higher after confirming a sell in May in the first week of June...Why not sell higher.
@ Manu,
Short term term trend is up - on your side. Individual stocks , if OB, part book.
"on your side" was good one:)
i m hedged..
Sir and Frinds,
Bye.
bye friends,
bye sir, you came back at the right time ... :)
Friends,
really its a cool site, is useful for traders.
@ilango sir,
Is it possible to do mechanical trading based on tech table ? Say for positional - use week/day ? For intraday, use hour ? If yes, what will be entry and exit criteria ? Are those numbers in tech table itself ? When I see close < 5ema, put a short in with SL of ? and exit of ?. Can something like that be generated from TT ?
Thanks
gd
dear ilango sir,
the levels given in the blog r of spot nifty, m i correct?
my ques is sud we buy/sell(fut nf) when spot reaches/crosses the levels OR when fut nifty crosses those levels?
i hope u have understood my ques .
dear ilango sir,
we sud take posn. according to hrly, at the end(or during the hr) of the hr close whenever price crosses 5ema, and what to do if price moves quiet away from the level at the end of the hr.
similarily when to take posn. according to daily,weekly, mthly levels (at the end just before close or the next day? wht if nxt day gaps?)
sorry!!!! if i look silly, but these r my problems.
pl. answer.
Good Evening.
Sirji - You got mail in Sir plus.
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