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...
9 comments:
Illango and all blogmates
A small chart from my side for friends here who have started their journey with TA;
http://3.bp.blogspot.com/_88fjmcdhjs8/S-1RRG0DGTI/AAAAAAAACQg/zs4RJP83uqU/s1600/14-05-2010+6-32-21+PM.png
Cheers!!!
FII's Net Sell = 381.42 Cr
DII's Net Buy = 164.64 Cr
-Hari
for some who follow dollar index etc, some news i got -
Looks like the Chinese are seeing the benefits of allowing cross border transactions in renminbi... The Chinese announced that they would be expanding cross border transactions in renminbi to as many as 18 more provinces... The key here for you, folks, is that when this is done correctly, it eliminates the need for U.S. dollars... Eventually, China will make the renminbi available for international trade... And when that happens, the damage to the dollar will be HUGE!
gd
Hai everyone
ABAN OFFSHORE has immediate support around 800 region below which it might slip to 600 region.
I am posting the chart here.
http://niftychartsandpatterns.blogspot.com
thank you
@ilango sir,
is it me but this is a classic double bottom potentially ? Next supports are
5035 ( 50% fibo ) and 4988 ( first bottom ) after which 4950, 4828.
Is my analysis right ?
Thanks
gd
Dear Ilango,
What a carnage was it today! No need to describe it.
Monday will be new start, so now just trying to concentrate on "Home Work”. As usual within just 2 Hrs from today's market Hrs.by this post you have given clear cut clues for Monday's trading activity.
"Weekly channel support @ 5025"
Considering the Global clues at the time of our market opening, no need to say or predict that market will or likely to open with a gap down opening.
Coincidentally 5025 is Future Nifty's 200 day High Moving Average for Monday so I am considering double importance for this figure. As well as up to 5025 there are strong supports at least from day trading perception. So gap down opening, if any, around 5025 will deprive day trader’s opportunity of shorting.
As per my knowledge 4990-4985 is the 200 DMA for NF ,so in the worst case it will be last hope for Bulls.
At least there is not much evidence of 5000 CE writing there today, which can keep the Bulls hope alive.
After all we all know it very well that Market is “Suprimo” it self so it will find it’s own direction. Till then Good Night.
P.S.
Waiting for Week end Story as usual, and anticipating Dear AAR VEE’s, Dear Rajagopal’s,Dear San’s,Dear Sundar’s,Dear Gautam’s and other Blogmate’s analysis because of abnormal market conditions.
Thanks.
Hai everyone
IDFC WEEKLY CHART is in a triangle. i am posting the chart here.
http://niftychartsandpatterns.blogspot.com
thank you
dear sir can you pls explain what is a fast fall MA setup?
dear ilango i bought 5200 ce at
70 with 8 lots,now its trading around
31 rs, could i hold for next week or exit on monday,?
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