My critic has sold 5000CE on Monday suggesting that "Macd" in negative & below the trigger would not give any strength to the market and selling @ higher levels might continue. Besides last pivot high in daily time frame "5295"(or 5342) is yet to be scaled.He pointed out the "line chart" and said the upmove on Monday is a 4th wave and the 5th down is on.
Aar vee's and Mynac analysis too point to "heavy volumes @ 5090 and 5245".
As I write this "Asian markets" are coming off their highs suggesting another round of correction towards 5090-5080 failing which it will continue down.
Yesterday's VAL (5168) has become today's VAH.
A trade below 5128(VAL for the day) would be an early indication to SELL.
52 comments:
good morning all..
very good morning sir and dear blogmates. Have a safe trade.
Today's range seems to be 5085-5215.
Hi Guys,
I found one new intra trading system in which
price and time alone will determine direction of
market or stocks. Daily 20 to 30 points profit,
70 to 75% winning rate. It's not mechanical system
so not able to explain, it gives direction only
after 10 a.m. if you have any query ask me.
sir
i did a mistake for not giving courtesy to the original author.
I am feeling shamed when all were praising me.
MP author is http://www.moneyvistas.in/
i am just helping this forum.if anything wrong i am very sorry.please excuse me everybody.i have no intention to get false fame.
please explain about your system.
@ilango sir,
simple question on tech table. On the table you posted EOD yesterday, the close was less than 5EMA. This is a sign of weakness. So if we trend up towards Pivot and R1, then it is a sign to sell then ? Trying to understand...
gd
Dear market follower,
Good Morning,
Everybody would like to know about your intra trading system. Your"after 10 a.m." cause me to write this so early in the morning before leaving the house to duties.
Earlier when the market timing was 10 to 3.30 then there was a simple guidance used to give us by seasoned market players then, that wait up to 11 A.M.,let the Market decide it's intraday trend, watch it carefully, then if the Market is showing intraday strength then mostly, between 12.30 to 1.30 P.M.it shall revisit it's low and viceversa in the weakness.
After 2.30 to 3.00 p.m. it will give you a confirmation of early morning trend whether it is intact or it changed.
So if possible try to take a position appropriately. This was very useful advice those days.
Good day, Bye, shall try to join in the latter session.
Good Morning all.
Good Morning to ALL
gm mynac.seen ur msg in the morning.I AM FINE,HOW R U ?
Good morning Ilango Sir and all blog mates
gm all
gm all!
GM Sir.
rm Sir.
Have a nice day.
Hi Rajagopal Sir!
March IIP data will be out today and is likely to show ~15% growth. Monthly inflation will be released on May 14.
Results Today: Bajaj Auto, Bajaj Holdings, Blue Star, DB Realty, Dewan Housing, Hathway Cable, Infinite Computers, MRPL, Thermax and Welspun India.
GM Ilango & Mates
Gm Illangio sir & all blogmates.
Sir orb gives buy signal can u sugest level to enter
hi ilango sir and freinds
good mng
seems to be a range bound day
opens in value according to MP and trading there
so probable range will be 40+4 or -4.
from 5128 to 5168
"ORB" Trading this week - 3 days of good results.
Any one bought @ 5145NF would have a first target of Pivot 5156NS and VAH 5168.
@ilango sir,
broke pivot. So R1 ( 5186 ) is target ?
gd
does this morning bullishness indicate anything???
any one pls explain what is VAL VAH POC
@ All
Everybody will remian cautious, and nifty vl move higher & higher, seems so.
or else
Its a pre run for IIP data, and as always after data is out, some profit booking.
Dr. Saurabh,
Right about VAH-5168 acting as a resistance.
That is a good sell point.
Sold NF at 5163 Long initiated at 5135 yesterday. Thank you Ilango Sir for your ANALYSIS.
@ afzala.com,
Read this write up by "Viren" about MP(Market Profile) values given as VAH, POC & VAL.
http://tradeinniftyonly.blogspot.com/2010/02/nifty-premarket-view_26.html
@Anil,
What did you take from moneyvistas? I can't see anything there which you shared here.
@afzala.com
VAL, VAH, POC are from market profiling similar to pivots:
http://www.mypivots.com/Board/Topic/2493/1/poc-val-vah <---
5168-5172 strong resistance. t will tale lots of efforts from bills to go through that. Best point to short with 15 rs stoploss short in my view
DEAR RG SIR,
AS PER UR VIEW BHRATI NOW 270 CAN ACCUMULATE
THIS LEVEL
also if you see 5100 ce @130, and 5200 CE @71, lots of trading happened at that prices. So very good point to watch from that aspect too.
also if you see 5100 ce @130, and 5200 CE @71, lots of trading happened YESTERDAY at that prices. So very good point to watch from that aspect too.
@ Yoda
It was Amit, not me..
anyways, but amit i also not getting what u say..
Ilango sir, i exited my conservative longs rate to rate today as
my entry price was too high.
Now sud i wait for break of 5215 for going long??or break of 5075
for going short??Plz suggest
ah, sorry, Anil.
@Amit, don't worry about it - blogmates here tend to be very encouraging and praise everyone.:p
Hai everyone
I am posting the nifty hour chart. Nifty hour chart
shows the formation of a continuation pattern.
http://niftychartsandpatterns.blogspot.com/2010/05/nifty-hourly-chart-continuation-pattern.html
thank you
disclaimer
i am a very small trader. I am writing m observations. I am not a master or even a disciple like other senior blog memebers here. So please take my views as my observation only.
Highest OI addition till now, is in 5300 call - 4.35 lacs
put 5100 - 3 lacs
so is mkt is expecting a run up, bcoz institutions never write up calls @ 20-25 rupees with expiry is at 27th may, and considering global boomerang.
NEW POST DONE
@ bizagra,
If you can trade this range 5130 to 5170.
Buying is occuring in out of money puts in nifty, vols are moving higher...
thanx ilango sir
im just trying to learn,
and sharing what im learning.
I feel a prediction coming.:)
Not to sound too hopeful, but Nifty has spent very little time in the Ikimoku cloud to date and looks like it'll break out upwards today if it crosses the previous high of 5206. 5150 looks like it's holding.
IIP data to show only 7-10% growth..i would be
very surprised if the growth is anywhere near 15%
What is happening ? Has God announced Armagadon? Every one throwing up confessions. Come on friends. My ignorance and your intelligence gets exposed only when we talk. Even a,b,c are stolen alphas only. We didn't create it. It was Manu's Goras. You need not say "courtesy Gora" below every word u write.
Relax and Enjoy - since I am off for sometime.
@ yoda
yeh its seems another hour or more consolidation here,
and a move past 1) either now on upside
or 2) first to go towards 5100 and then final up..seems so..
its just behavioral finance i am talking about, whenever mkt seems to be in a such state it always react on opposite side.
everybody knows, greece problem and etc..so what, it vl doing opposite this time also..seems so... its looking up.
dear market follower
yes i am interested in your trading system. olease explain in detail. my mail id is sanjay_peoples@yahoo.com
@Anil,
You're right about world problems spurring markets to new highs - the iraq wars, even 9/11. Greece and the Euro bailouts will probably do the same.
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He pointed out the "line chart" and said the upmove on Monday is a 4th wave and the 5th down is on.
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