A huge buffet is put before you. The best way to deal with it initially would be is either select only your few favourite stocks or the select 10 heavily traded stocks and delete rest of the rows..Then you will not see so many numbers and you can extract your trading levels and plan your trades.
If you have time, go through the entire lot and identify the ones that deserves the "Merit to trade" and go after them no matter whether they feature in the top 10 or not as they will eventually find their place.
Good luck to all.
Thank you, Rajagopal.
For the day, Trade light..It might find support either @ 5225 or 5205. Break of 5200 alone can bring deep cuts. Till then it might trade between 5205/5225-5245/5255.
21 comments:
I expect a move above 5300. Maybe due to my option calls lol
Good Morning all!
Hai ilango sir and others
nifty week chart shows nifty stuck on the top part
of the channel. break of the descending triangle on
the lower side may bring it down to the lower part
of the weekly channel.
i am posting the nifty week chart here.
http://niftychartsandpatterns.blogspot.com/2010/05/nifty-week-technical-analysis.html
thank you
Dear Ilango And All Blogmates,
A very good morning...
Cheers!
gm all
Sir IlANGO
Is there any way we can learn TA from u.
Please send me ur e-mail at
yogeshyb@yahoo.com
or
Radhaitsolutions@gmail.com
\
Sapna
Good Morning Dear Ilango and Blogmates,
Due to only global clues, gap down opening is expected today,I shall be cautious and shall be surprised then only if Nifty shall start to trade below 5200 in the 2nd trading half.This downward moment might be taken as an opportunity by smart shorties as a covering opportunity.
good mng ilango sir
and allblogmates.
@thanx for improved file.
ABB -- IF ANYONE of us trade in it, dont short,its near 200ema(775)and 775 is also its support during correction, results(bad news)is out.so try to accumulate on any dip and positional can play for T--810-825-860 OR MAY BE NEW HIGHS IF broader market supports. intraday one can play according to raja's file ie 803/800.
im personally following this stock.
GM all,
@Sapna, is there any way that we can not learn TA from Mr Illango? His book is wide open in front of us and he is ever-ready to explain us in case of doubt. I am a dull student and learning, let us learn together.
Rajagopal sir is doing a great job with his excel file.
a good file for trend traders. Day Guide Futures excel
shows two columns "trade signal" and "signal" combine
that with the nifty's trend one can enter a great trade.
lots of money can be made if one follows the file
correctly. thanks to raja sir
Rajagopal sir,
thanks a lot for spending time in preparing the excel sheet. If possible please explain on the following;
1. Where to get all the data - Any site/link to get all those data?
2. How to calculate Trade Signal, Projected based on the data
Again thanks for ur help on this
Dear Ilango Sir,
Please change the last Traded column to 5278
Thanks & Regards
Sanjay Kr Jaiswal
Gm illango sir & all blog mates.
Thx Raja sir for your hard work.
rg sir,
before i cud undrestand first u started 2nd.
wow
pls take time to answer my query i posted in evening
Gm Illango ji and blogmates
JUST NIFTY ROCKS
Regards
vikram
Sir (i am comfy) and Friends,
Good morning. Just the first cut output is presented. Kindly look at it critically than as something new and hence novel. If we can criticise and polish one of the family members, it will benefit the family. I will make a write up of my understanding and logic that has gone into it. Please check for the pit-falls.
Though the file is credited to me there are many invisibele hands in it - all who advised,directed,contributed and cojoled - Dear Ilango,Mok,Manoj,Aarvee,PS...Thank you very much.
Kindly be non-sparring in your critical views which will enrich the practical value.
PS - noted the query, will respond.
Good morning Ilango Sir and all blog mates
dear ilango sir,
will ORB play work today,
needed ur guidance
@raja thanx for improved file
Nifty has found a temporary support near 5225 after the gap down...and trading sideways ..... Now to find a reliable resistance..5255-5265..??
Break of 5200 alone will result in deep cut.
NEW POST DONE.
@Dr.Saurabh,
It may work with limited success only. Trade preferably 5230 - 5255/5265 range.
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