Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
-
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...
51 comments:
sir ,
take it easy. take care
please take rest sir, don't update unless you are completely recovered.
wishing for your speedy recovery.
Hi All
Get well soon Ilango!
posted my views @ blog
GM ILango sir. I will b exiting my longs if todays low is broken
or @ 5050 NS and initiating shorts. Is this method correct sir?
Thanks and get well soon.
Sir & Family
Gm:)
monsoon fever sir, think of chennai:)
RG
what s d time of oil meeting..all vehicles tank full..
post Eu or earlier?
"5038" (23.6%), "5058"(38%) and "5076"(50%) - are the retracement levels of this fall to initiate Shorts.
Hi all.
Shorted at 5120. what to do now. can i average or book loss?
Hi,
Could anyone please tell me what was the volume for nifty futures from 9-10 am today.
Thanks
hi llango sir and all friends v good moring too all... llango sir --get well soon and take care --
hi gautam sir good moring:)
@ Renu,
Volume:
9.00 to 9.05 am 762900
9.05 to 9.30 5219850
9.30 to 10.00 1999950
Average price traded:
4998
4997
5001 repectively
HI DEAR SIR ILANGO ,
GOOD MORNING AND GET WELL SOON SIR
TAKE A REST FOR LONG JOURNEY
REGARDS,
ALPESH
Hai everyone
Nifty has filled the gap that was created on friday. Now there is one more gap in hourly charts that is not filled. That is around 4800 levels. If global markets stands weak nifty will try to fill that one as well.
http://niftychartsandpatterns.blogspot.com
thank you
@gautham,
Good call on Friday. What is your blog ? I dont seem to have bookmarked it.
-- gd
@manoj jag
Thanks a lot
Manoj , Can you please provide the link to get volume and price data for nifty and bank nifty ? Thanks...
@s
You can get it from the trading platform of ODIN which your broker would have
Good morning ILango sir!
I was out of town & just saw blog, sorry to know about ur health. In first of all wishing u speedy recovery. Secondly if u still feel fever then mail me at FUTURESFINCAP@YAHOO.CO.IN, i will tell u good homeopathic medicine & God will take care of u.
Rgrds,
KUMAR
Good morning Ilango sir and all,
Hope your health has improved. What is the Open and High for today 10.00hours?
hello ilango,
open price pls
Open:5,025.80;High:5,025.85;Low:5,004.55 Close:5,021.85
someone please advise
Shorted at 5120.can i average or book loss?
nichbuk,
if u have shorted at 5120, u r into huge profit by this time.. why do u need to book loss?
Are we waiting for eu open?
iam sorry Arun..
Longed at 5120..
iam in loss of 120 points.
nickbuk,
Ilango sir has provided retracement levels as
""5038" (23.6%), "5058"(38%) and "5076"(50%)"...
I believe u can cover ur long in any of this retracement levels and initiate a short at the same level to cover ur loss....
Az:
Bookies see Europe stocks down after Wall St sinks
Financial spreadbetters expect Britain's FTSE 100 .FTSE to open 83 to 86 points lower, or as much as 1.7 percent, Germany's DAX .GDAXI to open 73 to 74 points lower, or as much as 1.3 percent, and France's CAC-40 .FCHI to open 73 to 76 points lower, or as much as 2.2 percent.
Dear All
14.35 Crore nifty traded between 4994 to 5004. Any side breakout resulted huge move possible. This calculation is as per Volume profile Chart.
I think upper side break out is possible, Nifty spot is not break below 5000 till 11.19 AM
@Rajagopal,
Europe news - ouch.
I have listed some +ve news in this mess in my blog.
Some +ve news ( this is really scraping the bottom of the barrel ).
* S&P futures comes of low ( was 1.3% down, now 0.8% down )
* BP reports higher oil containment
* Europe touches 4 year low. Maybe someone will start accumulating ( hope - ouch )
* US Employment news was bad - but hourly income and hours worked went up.
* JPMorgan reiterates S&P 1300 by year end. 22% from here.
http://easygamble.blogspot.com
-- gd
Overall market still seems bullish and we will visit 5050-5060 by tomorrow.
@gd, u r right to spot.....
GD : Reuters site. Just explore whether the link can be provided in your site. It gives pre market update every day - can know the possible trend in advance and momentory-reaction in our market.
Ilango sir if nifty did not give retracement now, sud we exit
longs on break of todays low??
Thanks
Thanks Sir
Hi,
Gautham Bajaj,
Provide your blog link.
This descent should be a torture for both bulls and bears. It is so slow ( April 7 - June 7 ), that patient bears are actually not making enough money ( 300 pts ). Bulls are trying to get pennies in any small runup and trying to time this. Just not worth the time, i assume. Well, if day/swing traders got lucky, they could have made more. It is so news driven, it is almost impossible to time this.
-- gd
dear sir ilango,
bank nifty break the daily chart rising wedge tredline
so i can cover my short at this level or wait more panic to buy
plz give some suggestion
regards,
alpesh
Sir, the 200 DMA comes to 5011 and todays day LEMA till this hour comes to 5020. Will there be any significant move below 5011 or todays low?
@ Bizagra,
Nifty might trade in a band of 4935/4965 to 5065/5085 in the coming days.
Any break below 4885 and above 5105 may lead to some sharp moves.
So the trading strategy should be of "sell into rises & buy into drops as close as possible to the range mentioned".
@
pawan jangid
pls let me know your EMA position in nifty as
i am learning the same as per your earlier guidence.
requst for your mail id my id kkay369@hotmail.com
thnx
kk
reposting...................
dear sir ilango,
bank nifty break the daily chart rising wedge tredline
so i can cover my short at this level or wait more panic to buy
plz give some suggestion
regards,
alpesh
NEW POST DONE
NEW POST DONE.
@ alpesh,
If you have seen my earlier comment about Nifty, you can understand the uncertainty ..Only if this trading range breaks, some impulsive down moves may happen.
I has calculated 9175(apprx) as the channel bottom for Bank Nifty spot.
Part booking may be done around that point and resell higher.
I am looking at LIC Hsg,JPAssociate,Yes Bank,BOB,Cairn,Axis - all seem to be holding on to some strong support levels - recovered from day lows and not budging. May be good picks for intra?
markets trying to rise,
but failing, as RIL is not helping
RIL seems to be a good bet for shorting
expecting at least a level upto 985-975 on it today
when2buy.blogspot.com
Sell @ 5050 SL 5080
Tgts 4980-5000
NEW POST DONE....
Compelled to make it to "Clarify a muddy air" after receiving some mails.
Post a Comment