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...
67 comments:
expecting some interesting action before closing as today's close is important..i will be happy if we close around 5170
Reposting
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5135-5140 NF seems to be where lot of action is taking place.. Bulls trying to save the day ;)
Ilango sir can i take sl as 5115 instead of 5105? just trying
to save few points in case goes down,as my entry is very high
5122-38%- can help?
@ bizagra,
Keep 5120 as a SL.
Thnks sir.
hi ilango,
just something that i think could make this site more interactive. could you try and see if you can add disqus comments?
http://disqus.com/comments/
this facilty enables realtime comments updation and i think it would be something of a great help for interaction on this site.
just a suggestion :)
Anybody here using RKGlobal? and getting Connection Busy Error??
I am stuck with my NF SHORT open hope it wont end up in loss
Sreeram
@Sreeram
Same problem here too, only difference is that i am stuck with longs. :)
@Sreeram
i called tehm up, saying it vl take 10 minutes...really wanted to punch them..anyways..holding all option positions..no nifty future..any reply to u ..have u called them up..??
@rm..
It is back up now.. pls try to login..
cheers
@Sreeram
Thanks!
Sir, Should everyone exit positional longs below 5120?
averaged at 5132
sir 5130 5 ema approx touched 3 times
@Sreeram: Market is definitely looking tired and weak. European counterparts proving of very little support, you should be able to cover it in profit. Why dont you call their dealing desk or your nearby branch?
@ Sir/RG
sugar daddy ..cleared postns ystrdy.
.but ws nt able 2 sight tight and took positins n mrng
all long..
seeing the oi data ..suggest to exit r ?
Dear Lingo sir!
I m silent observer of ur blog since long. Ur analysis is superb, ur weekend stories show that how good human being u are? I pray to God for keeping u alwaz in good health & huge wealth.
sriram
Try again just got logged
@rm and Anil..
though the ODIN is up it still has glitches not accepting the orders..
may god help now..
@tclick.. yes that is the last thing left to do.. thank you
Sreeram
@ sreeeram now its ok..
@Anil.. though it is up.. but if you try to keep a SL order.. it is not going through.. i think still there is some glitch.. i will try online one..
Sreeram
@ sreeram
while submitting the order its telling market has closed. do you wish to continue..
hell what is gonig on..?/
lets pray theor website is ok..
anil call the broker and place the order if nay
@Anil.. same problem here also.. calling broker as usual no response.. hmmmm.. will try again later.
goodluck with ur positions.
sreeram
Anil and rm.. it is BACK UP and working
Sir
do we hold to longs if nifty closes below hour low ema but above day low ema
Ilango sir, if closing seems below 5138, we are exiting conservative shorts??
Right??
Thanks
Sir
Any BTST r STBT calls ?
sir is the plan still same to buy nifty till its hold 5080
@bizagra! Shorts? or longs? I am confusing.
@prabhakar.i m long but exit if closing seems below 5138 NS.
@bizagra prabhakar
5128-5135 zone is providing support
@bizagra!
I am also Long in NF at 5135
piyush
how do we know that area will provide support tomorrow. even gap down by 120 pts and then what?
BTST
Scrip Name HIGH-Rs
BPCL 551.83
HDFCBANK 1978.76
HEROHONDA 1933.95
HLL 240.54
M&M 576.29
NALCO 416.47
NTPC 206.67
RANBAXY 476.55
TATAPOW 1357.11
WIPRO 682.56
Down
Scrip Name LOW-Rs
ABB 671.45
ACC 867.90
BHARTI 279.99
BHEL 2364.93
CAIRN 291.52
CIPLA 306.54
DLF 287.33
GRASIM 2574.79
GUJAMBUJA 109.23
HDFC 2718.20
IDEA 58.89
ITC 256.95
L&T 1525.42
MARUTIUD 1254.32
ONGC 1018.38
POWERGRID 105.40
REL 984.40
RELCAP 689.14
RELICOMM 144.90
RPOWER 139.76
SAIL 207.44
SIEMENS 669.74
STERLITE 716.82
SUNPHARM 1512.40
SUZENER 66.50
TATAMOTORS 776.06
TCSCONS 745.74
TISCO 569.33
UNITECH 75.04
I have kept 5105 as SL for Longs created @ 5175. (averaged down with a sell & buy today to 5135).
It is trading above 5 sma @ 5115 - some consolation.
As said earlier, 5115 to 5215 will be the range before a decisive move.
hello
Above are in Equity (Not in futures).
===
Manu - Bhaji looks "Weak" only in Futures. Results are poor and effect seen. Will check rest at EOD. Sugar prices recovered in US market. Not to irritate you, initiated short when result today news was received.
@ kgovind
only god knows that. sir has not said anything yet
suppose if nothing is said before 3-30 we hold longs with
5120 sl that is plan till pronounced changed
RG - Exit gold shorts above 1750
Well, that was different. US stocks gained over4% today on the massive $1 Trillion EU bailout plan. India was up 3% and Europe went as high as 7%. It was a breathtaking rally to be sure.
I had been fairly bullish about this week but I never would have thought we could climb back this far, this fast. Clearly there is a lot more than the Sun-Venus aspect driving this rally. Jupiter in sidereal Pisces would certainly help in that respect, especially as it moves towards its conjunction with Uranus. That conjunction doesn't occur until early June so that could definitely provide some support in the near term.
I would expect a little pullback here (Tuesday?) before it goes higher. I have my doubts that SPX 1150 will hold.
that was from another blog!
"(averaged down with a sell & buy today to 5135)"
Best of the dasavathars is Rama (Yes PS?). Because God lived a Man.
Ilango is a complete God now?
Sir - this is the part of the world I live in.
Tomorrow mkt vl give a down initially then follow up vl be great on the upside...
5000 put call both unwinding
GB : Done yesterday and am LONG now. Got a nose that smells money anywhere !!!
Thank you for remembering me.
Ilango - take a look at the Hurst Cycle
V. long term up. long / med term down
@bizagra!
Are you holding conservative long in NF for tomorrow?
yes prabhakar
A test of 5090 befor egoing up?
exited longs, will take a fresh view tomorrow
Thank you Mr.bizagra. I am also holding
I think we will get entry at lower levels
i am also holding long
" Wise move" , Prashant.
till now cash turnover - 12300 cr
f& o- 82,000 cr
and we ppl r telling their is no activity...
hmm..a great is happpening in cash..so todayseems to crucial...
vl study this evening..what is going on in cash..
good volumes today...
Gautam, totally agree with you...but you missed the short term view..which I think should be bullish..
Looks like market will open down tomorrow. Bulls might take charge from there
Yes Rishi - my view is that we hit 5450 / 5750 by Jul 7
rg sir,
95% of people who will practice ur method will blow
up. u r a miracle. sir will however close at 5105 but u'll
open another short in another month,later convert to long
somehow
convert this loss to profit.
this maneovre only few can accomplish with ease u can.
chennai is 2600 kms frm my place by train. but i can come
all the way to learn it
Hi GB - one word missing 5450 by May 25th/5750 by Jul 7 ?
====
Anil,
Don't know much. But
ACC
AXISBANK
GAIL
IDEA
M&M
ONGC
RANBAXY
RELICOMM
SBI
only have done more than 100% volume of 5day average in Cash today.
GB -Thanks once again on the Golden part.
Bye All.
Hi PS - Why bother to learn the wrong thing ? There are people who make a living catching knives,doing mid air rope walking, and throwing fire... May be I fall in that category.
Trying to avoid these, but you know bad habbits die hard.
Bye.
GB sir, you also gave 18 may as imp date, what to expect
till 18th??is it a new low on 18th??
dear rajgopal
please send me llink where in i can check the volume spurt in comparison to their input value ( 5d/ 10 d ) on main streamline shares only, better if i can check them sector wise, suppose in the morning i check today bank nifty is topmost , then i wud want to check the top volume counters in that particular banking sector only that too of main line stream counters, how to do that, kindly suggest
thanks
regards
rochak
HEY FRIENDS
send me a message to know the name of the scrip hitting 5 % upper circuit since 2008 without missing any single day , with extraordinary voumes
Hi All,
Can someone help me in placing order in nifty futures by going through the excel sheet uploded by Ilango Sir...
@ Rajagopal
its great, now i vl focus on these shares, waht os going on, is the delivery volume picking up or just you are moving the volumes...
ab toh bhai investigation hogi...
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