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...
77 comments:
Hello Brothers - i am very curious - if one goes to nse website and looks at nifty options - may series starts with 4200, JULY series starts with 4200 JUNE SERIES STARTS WITH 2000 ?????????- is there a hint for us ??????? best regards Deepak
assortz,
no intra today
waiting for exiting the accidental longs, if it jumps high ...
:)
Ilango sir, can conservative longs be taken??
or we are still holding conservative shorts with caution??
@ bizagra,
As mentioned in the "PreMarket write up", we will test waters with a very small long and hold it provided Nifty closes above 4872. It would be much better if it closes above 4915 today for Bulls.
The settlement volatility will be there . So trade light here.
thanks Ilango sir, i exited my shorts today @4870. Now with no position.
Will be back at 3.00PM.
@Deepak,
I think it might be useful to know the downtrend isn't over yet, but that's all. Even a single call written @ 4200 would show up and may be leaving a false trail, imo.
@Deepak
Jun and December are long options which can be traded 3 years in advance hence wider range.
Regards.
@bizagra, you and prabhakar have been very good in following the master and disciplined enough not to get down in the middle of the journey. i would like to follow you people before have the STEEL nerves to follow master. when will you take long, let me know. i have to try this bus from the 1st stop.
RM, thats a dimensional pointer, thanks.
@mok
Are you using ami? Very easy to follow hourly High, Low, Close, 5EMA on that.
seems bulls are trying close above 5ema
BTST
Scrip Name HIGH-Rs
ABB 869.02
CAIRN 291.33
CIPLA 324.56
GAIL 461.41
HEROHONDA 1926.38
ITC 271.92
NALCO 413.16
REL 1073.29
STBT
Scrip Name LOW-Rs
ACC 820.83
AXISBANK 1139.32
BHARTI 260.02
BHEL 2231.68
IDEA 47.49
M&M 514.45
MARUTIUD 1177.86
RELCAP 631.77
RELICOMM 132.64
RPOWER 140.62
SIEMENS 659.05
SUZENER 57.20
TISCO 472.16
Go with the Trend. Taken at NF +95
RM, not yet used to its settings, except a few.
;)
will do soon.
@pisreport!
Previously I gained 170 points in conservative trade. I returned to market 150 points, as I entered middle of journey. Every time Sir is giving instructions. take minimum profits while we are in middle journey. But at that time I done with my (minor) knowledge. What is the use with that profitable trade? So I am simply watching today. Just gained 20 points with Sir levels
@ prabakar,
just joking ..
just +20 is better than
ouch -20 :)
Dear Prabahkar,
It's 20-20 for you.
Dear Rajgopal - in your BTST you have mentioned REL 1073 - is it Reliance industries ?
Anuj - Suzner in STBT list - ....
Gusy..
Why do you think there is a huge discount in JUNE NF?
Does anybody have any ideas?? Please share here
Thanks
SIL
deepak
RELINFRA
read it as "Guys".. (not gusy) :D
Reliance Industries is RIL. This is Reliance Indl infra
Dear Prabhakar,
Both me and mok addressed you very differently. just spell mistake.We were too eager to address you because you are the beloved one blogmate of Dear Ilango.
@rochak
hope u did not enter into 4800PE May series !!
regards
Thanks moh.
same attack terminals?
Sir,
I saw your reply very late due to my hectic domestic schedule. Today also very late just entered.
I carried my long yesterday and still holding and raising my SL slowly (in mind) expecting around 4950/5000K atleast.
But I grasp your yesterday's reply..If i am thinking about my long now...(after reading your reply) it's showing my poor technical knowledge and still I am a back bencher. Really I feel very bad.
Thanks for your guidance. :)
Regards
RG,
this TradeTiger confuses on REL & RIIL, thats why
:)
Master mentioned.. its much better for NS to close aboev 4915;
Very happy to see it around 4922.. hope it stays above and closes above it..
SIL
@SIL
Its simply rollover from may to june..
cover in short in may, rollover in june
thus may in premiun and june in discount..
cheers..
@mynac!,
Mok missed 'h', as you adjusted it after 'a'
Thank you
SIL,
June-discount..may be becoz of rollover of shorts..
hi
dear sir.
i am cover bank nifty today in morning so at this level we reenter in bak nifty for short or wait ?
plz give yr suggestion
regards,
alpesh
Thanks Anil and assortz..
i thought "why not the Bigguns who handles these markets most of the time.. move June NF to Premium before they rollover their shorts?? so that they can get their NF SHORTS at higher level??"
Doesn't it makes some sense? maybe i am wrong..
Anyway thanks for your inputs guys.. As per master's call holding LONGS..
Good to see NS above 4915 again..
Goodluck guys
SIL
Dear SuchIsLife/Dear assortZ ,
Just a Second thought.
The discount indicates the reluctance by bears to cover their shorts. Because they might be feeling that this up move is not sustainable beyond 5000. I am unbiased.
Hi Sujatha - We call it Fishing? Most TA convinced move to go long with DOW down at -200. I applaud you.
Turnover
in cash -12,000 cr
in f&o - 120,000 cr
till now..
not bad turnover..
alpesh
all in all today and tomorrow would be a bull trap only go for the big picture just short and sit on sidelins
i had PRAKASH
but i exited
thanks
bye
mynac,
thanks..
reluctant means ..they are rolling over their current month positions i.e, shorts into next month hence next month has a discount..correct ?
@anonymous
answer your query...
Hope I am not late :)
Freinds are tisco results out?
hi sir...can i get reco here? can i get sms service
@mynac
prabhakar,bizagra,rochak,alpesh- the chosen ones
@ alpesh,
No need to take any trades to tomorrow.
If entered at lower levels, it is alright.
sujatha madam,
From my side i am PRAISING U
Thanks mynac..
SIL
But Sir - conceding this is a big reversal from such blows, I am not finding volumes in Equity to support the price move. Will it be a factor? Still people on the sides? Waiting for Expiry?
Dear Ilango:
I bought MAY NF LONG at 4892.. can i carryover night?
Please suggest
SIL
Dear assortZ,
I am looking at reluctance here as a Unwillingness, Unenthusiastic etc.
@raja paji
Suzner? in STBT
Suzner...has it seen a merger!!...he he
so you expect minus thirty in one day?...why buy tomorrow?
Just joking...noted your advice
Thanks paji
sir,,
small longs taken
am i right
@ Rajagopal,
The larger trend remains down only. The bounce - it is too early to qualify it as strong or weak. For a first day - decent.
@ Suchislife,
I think, it is OK.
mynac,
thanks..me too having same thought but you expressed it well.. :)
LL-LH pattern broken today...lets see if this puts a halt to this downmove...
Anuj - Have I missed something on Suzy? Will check it out. If you have any info kindly help. This sytem is purely driven by price,price and price.
Sethuji,
"as there is huge time gap" what is it? I thought u r in Chennai (or Chicago?). Just advise what does it mean.
Good Bye Sir and Friends.
rm Sir.
btw : assortZ - one more trend is broken. We are all here on a 100 point + move also.
O.K. Bye everybody,
Attended the institute to day almost full time,without home work,without books, first time.But survived because THE PRINCIPAL was off some time in the afternoon periods.
Thanks.
@ sethu,
nice levels, plz keep posting ...
@ RG,
anytime price is the lead indicator :)
yes RG
Good bye all. Good bye Rajagopal SIR. :)
Hi RG sir,
Good afternoon.
I would like to transfer this applaude to our ILANGO SIR. I don't want to take risk hence out here as I am busy with my guests.
கொஞ்சம் ஜாஸ்தியா தெà®°ியலயா சாà®°் நான் செய்தது வாத்தியாà®°ை ஓவர்டேக் செய்த à®®ாதிà®°ி இருக்கு ஆனால் இதிலேயுà®®் அவர் டெக்னிக் இருக்கு
Donno to explain.. sorry.
Once again thanks Ilango sir.
Regards
sethu,
do u hav a blog
and if yes, kindly provide ur blog address, if okay with u,
thanks
regards
bye everybody
@raja pai
you have not missed anything
you are better informed than me
Just wanna ask why do you call it Suzner all the time
it is Suzlon (now I will ask the same question ...Paji
Have I missed something on Suzy?)
That's why i joked about a merger.
Cheer
hi sujatha,
the lingo typing, you have made it look it can be done so easily like the camo ...
:)
SUZEneRgy in sharekahn code, anuj
sorry SUZloNEneRgy
@ sethu,
interaction intraday
regular presentation
supportive learnable methods
organized approach
simplicity
humbleness
i have found these a good criteria which interests participants in todays cyber world of race for time and 0/1 flip flops.
with regards
thanks mok
for Suzner!!
mok
nice one
:)
Thanks Ilango sir for your confirmation
SIL
ilango sir -hour chart 9 rsi is in overbought position, channel top nearly
4950 +/- 10 points, could i short at the level tomorrow?
@ANUJ
hI..
sorry saw ur message nw on mobile as ws nt able
to see on machine..
still i m testing myself..
@manu bhai
Ok nice to know that..
Please continue testing :))
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