At 2.00PM: Hour High ema has been scaled...that is some momentum if the same is maintained in the remaining two hours.
Closing above "Day High ema" would be extra bullish. A minimum close above 5140 is required to carry that Long..carry that long for a long time....(Remembered Beatles)
61 comments:
@ Rajagopal,
Have you seen the movie "It is a beautiful life" - James stewart. It was taken in Tamil in 60's with Sivaji but the English one was very well done..
It is really a beautiful life..
@ pisreport,
I would be comfortable if Nifty goes to 5190-5200 today itself and closes near the highs..If not one should be wary of a larger "sucker alias B wave " developing resulting in more hair loss..
Thank you!
13 day & 55 day ema @ 5176. Closing above that would set it for the next two points 5227 & 5234.
Bulls can lay back only after a close above all these..And bears have their chances till then.
a good range bound day...very difficult to run with the moves like this
Illango Ji.....can we also remain long in banknifty for higher targets...what is next resistance in this sir??
regards
vikram
May 12, 2010 2:12 PM
Arae Boss - I am spoiling you. People will put OoT before your name also.
===
Yes Ilango. The original was French - in between it and Sivaji English paled.(Screened when Sivaji attended the Paris film festival and the lead star of the French version walked upto him and bowed !!!).
sir
if it s confirmed "C" then 5128 mst b d sl fr longs
hw 5146?
@RG
whn2 cvr gold mini.. gv nm alvl..
i ws under the impression shrtd 1kg
:(
Trailed SL to cost in nifty bought @ 5140
It must sustain above 5150 for this moementum to carry on.
Looks like it won't go past 5200 today. Maybe in a burst towards 3 pm like Anil said...
dear SAN
a query for u on ur blog
please attend and bother to answer, thanks
Sir..
Dharmendra ur fav. hero.."mausi ji""
c "the last Castle"
it looks like "just nifty" blog..
and "a few good men"
@ Manu,
An aggressive trader might want to have a SL suited to his style and a powerful "C" wave should not retrace so much - is the logic for a 5146(POC).
It could break a few points & then move higher too.
Hi Manu,
Please dnot write comments in short form, not able to understand few things.
Mahes
@ Vikram,
BN has more strength than Nifty and one should be definitely Long in them. Today it came very close to the 5-day ema(9587) and flared up.
Knowing and having the Tech. table levels would be hugely beneficial.. It brings you unexpected returns as well as good clarity to sit thru' your trades calmly.
As long as 9550 is held( rising everyday -the channel bottom), it would attempt 10,000 +
Hi Guys,
As i have urgent work not able to answer
your query will see tomorrow.
Manu - It must not become 'blind leading the blind'. Get hold of your Mc.Na (broker) and find out.It was in -ve when you posted and now it has moved sharply,which I was concerned about. But there is a caution note circulated (posted for you). Please check for the levels. It is not giving sell signal yet.
A/D ratio turning in fovour of bulls now
31advances to 19 declines in nifty.
If bharti and idea manage to recover in the afternoon
session, then 5200 possible today.
mark
sorry "ungli nifty" mobile..
will try 2 transplant
2 more thumbs up:"taste the "C" thunder"
PS: Hope Mok ddnt saw ur post..
he is already behing my ungli;
only illango sir has d right 2 take it away..
Eklavya""""""""""""""
ranbaxy has staged a recovery from 451 to 462, heling
the index
may be a good bet for the medium term also.
PS : Thanks.
===
SmartT:PUNJLLOYD GETS DUBAI ORDER!!!!!
Nifty again being resisted around 5165
@ manu,
Ohh..Aaj mausam mm bada beimaan hain..bada beimaan hain aaj mausam,
Aaanewala kal...Toofaan
And I loved his "Satyakam"..
They don't make such heroes anymore..
rg sir,
trading 20 point fall 2-30
Sir,
Do you understand hindi?
Thankx a lot sir
you are toooooooooo greaattttt
regards
vikram
PS : u could read my Dirty Mind.Initiated at day high in June.
Hi to all,
nifty work as per pre plan, if nifty closes above 5165+, expecting a gap up opening tomorrow,
but dont know why, a lot of put writing happens while mkt is below 5100, majorly in 5000 put,
considering it avgg price at that time was - 65-70 rs, so bulls r now riding comfortably,
@ yoda
3 p.m. showing me another round of upmove, if i am not wrong..
towards nifty spot 5179/5190
but as we learn from the mkt never get carried away from the sentiment, even if it favours your position..keep studying and find answers too prove you wrong..
longs should hold with SL 5136(ATP as of now)
@ Anil,
Thank you for the Options info..
Ilango sir,
The best Dharmendra movies were the ones made in the Black and White days. Great music, good songs and his acting just emphatic.
@RG, you should watch "Where Eagles Dare". Just right for you.
rg sir,
i m nowhere close to u. charts told 20 point crack so closes conservative longs for those 20
points
can someone tell the diff between vwap and atp
Eagerly waiting for 3 pm close..
@ assortZ
r u waiting to go long above 5176 if closing comes at that level...?
I am also waiting for that level ?
-arpit
Sir
Is there a possibility that S&P can go and retest that 10 min mad drop to 1065 in a slow but steadu manner?
@rg factor will cum in nw..
Arpit,
Am waiting to know where are we closing above or below 5 ema..to off-load either my long or shorts :)
@rg
gold
Nifty is still trading below last pivot highs - 5250, 5295..
So Long trades, if in huge qty, may be hedged with some PUTS.
"5168NF" - briefly scaled - A close above this would indicate strength.
@Anil,
Yeah, mkt ruins predictions just for the heck of it.:) It'll probably do what you anticipate, but in its own sweet time.
That was a good, if early, call in the morning.
Down
Scrip Name LOW-Rs
ABB 668.86
ACC 864.10
BHARTI 256.35
CAIRN 288.67
CIPLA 308.89
GRASIM 2556.63
GUJAMBUJA 107.54
HDFC 2731.42
IDEA 53.63
MARUTIUD 1251.25
ONGC 1017.55
POWERGRID 104.92
REL 968.42
RELCAP 677.45
SIEMENS 659.21
UP
Scrip Name HIGH-Rs
AXISBANK 1319.48
GAIL 437.34
HDFCBANK 2004.94
HLL 242.10
INFOSYS 2718.85
ITC 268.28
L&T 1585.86
M&M 562.61
NALCO 417.61
NTPC 208.14
RANBAXY 469.10
RIL 1110.91
SBI 2374.35
TATAPOW 1372.58
WIPRO 694.93
@ nf seller 1255000 buyer is 860600
@ 3pm
An aggressive sell would be initiated @ the break of 5146NF.
@ ilango
thanks for ur words..
i learned from u only, a systematic approach to market...
Please keep the trend in mind if u are initiating position.
===
PS : Lagtha hai 2.30 is coming by Indian Railways nowadays. Late. Got my points.
@RG: Sir, are these scrips for the BTST/STBT?
@3.15pm nifty fut. 1382000 seller and buyer 800000
tC: S.
Sir, does it mean positionally longs need to be closed and short initiated? agreessive sell @/bellow 5146NF is not for intraday! so what will be final carry home pos?
@RG: thanks sir :)
@ pisreport,
I had given two SL for Longs @ 5146 and 5128.
Now 5146 is breached - for aggressive kind of traders.
Conservative Longs remain.
carrying longs taken @5240
@ closing 5lac shorts ahve been squarted off in the mkt
Ilango - caution noted.
===
Bye All. Going to the Junk Shop.
I got it, thanks. (i am positionally long and hence carrying.)
thank you ilango sir and blog mates
From afterward, we will miss Dear Gautam Bajaj's guidance because he has shut down his site due to his personal commitments.Dear Gautam,we all request you to take at least a weekly market review.Waiting in anticipation.
Hi Friends,
I need some clarification with respect to Option trading,
1. How should i identify whether the people are buying or selling in the particular OI (Open Interest)
Example: I can see some 1 lacs shares added in OI, How will i know how much shares longs and shorts in this 1 lacs.
2. What is exact meaning of call or put writing. I presume option writing means people going long. Sorry i may be wrong, pls correct me.....
3. If i want to buy call or put, should i also look at the OI numbers as an indicator. If yes, how to make judgment.
Please help me to get better understanding for the above points, so that i can improve upon my knowledge better.
Thanks
K7...
@ Kesavan... with my limited knowledge :
1. OI indicates how many contracts are outstanding. An increase in OI by 1L would mean that that many "new" buyers and sellers transacted.
2. call or put writing means OI increasing.
3. OI might indicate market sentiment. OI increase in Put might indicate bullishness and vice versa.
would suggest to google for options/ you will get plenty of resources. Option trading is very risky and rewarding. i read somewhere that that 80% options expire out of money - meaning 80% of the buyers loose all the money. so be careful with option trading.
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