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...
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
44 comments:
Sir & Family..
Gm..
slope of hope..ws amazing..plz draw fr nifty too
San
good charts..chck ur post
Now anyone can short the market easily at 5168 Level. This is an easy trade for at least 100 nifty points up to 5070 Level.
@ Manu,
In the same chart, replace the symbol with $CNXN for Nifty, you get it for Nifty weekly.
hi ilango sir.......
i am watching ur blog for the last 3 months and i find it really good......
sir i want to know that how u get future values automatically updated in excel.....kindly tell if u can.....thanks
rinku
thnx sir..
mok
can u help.. i m not able 2 find hw 2 do
Dear Ilango and Blogmates,
Good Morning.1100000 O.I. added in Nf since morning.Yet Bulls have given no chance to Bears to cover their shorts below 5138.The initial big volume trades are still showing their impacts in the current up move which were at 5154 and 5155.50,consisting @4 lac and 2.50lac quantities.Let us see.
gm sir and friends
respected ilango sir good morning
ilango sir can i short nifty at 5162
@ Rinku,
It is not an automatic update but manually updated every hour. Only the formulae are updated automatically when you copy, paste the previous row to the next row.
I keep all my data in a separate file and given a link to this file which might look as though it is done automatically.
This manual updating gives me a close touch to the pulse of the market.
@ Soha,
For intraday trade only, it may be initiated above 5180-5200 zone with a small SL.
thanks for answering sir.....
that i know sir and i do the same manually every hour...
but i am asking about the above 5 min future chart...
regards
IIT ian
Great To see you again
Please can u give short term trgt for nifty
Sir, Negative Divergence is developing in the
hourly fast macd as well. Houely & Daily stochastics are
in overbought zone. It will be an ideal sell near
5200 for intraday
my dear IITIAN is back after so much time
last time we saw him only when he had given a view of a 4300-4400 nifty for MAY expiry
welcome back mate
@manu
Thanks for your comments on my blog.
The trend in tata steel has not reversed yet. The stock should close above 20 dma and 500 respectively for a bottom formation to complete. I have updated the death cross you have asked for but in daily chart the cross is yet to happen.
http://niftychartsandpatterns.blogspot.com/2010/06/tata-steel-daily-chart-analysis_14.html
thank you
thanx san
but my mobile is showing
"death for manu" it is missing a "cross" for you..
:)
Bought 5200 puts @ 84, 10 lots. Will add another 10 lots near 5180.
sorry "cross" for me nt you..
hope u hit with steel nails..
ah.oh.oouch..
@manu
I have typed "death cross for manu". May be you did not saw the cross. Wishing you a long and prosperous life.
san
@Elango Sir
Nifty spot at 10.30 5162 when stoch level was almot 98
Now nifty spot at 11.02 5167 now stoch level is 55.
for Intraday it is confusing. Kindly guide me.
@ manu san lol
sir,
every1 is hoping or expecting to go short near 5180-5210
will nifty oblige general masses??
or is it possible for nifty to close near days high at 5180-5200(expected) and a gap up open tomorrow abv 5230 to give some breakout for new highs and shorts getting trapped
this is just an assumption
@ Sryasdmurali,
When there is a time correction, the fall may be quite shallow.
Oscillators may not lead the prices all the time especially when the larger trend (Daily) is still to mature/ become OB.
s4s nice contraview
@Elango sir
thnks for your valuable reply.
IITian,
Please be responsible before giving any stupid prediction,what happened to your 4200 target before a fortnight...because of your loose comments people may take wrong decision and loose money. Don not dilute the effort of some good people's great work.
-Crorepathi
test
Dear ILango sir!
In Hourly table in last update time is showing wrong at 10 am instead of 11 am. Kindly check it at ur end sir.
Rgrds,
KUMAR
@ Kumar,
Thank you. It is corrected.
@ Crore,
Let us disagree without offending anyone, please.
Hai everyone
A raising wedge is possible in hourly chart.
http://niftychartsandpatterns.blogspot.com/2010/06/nifty-raising-wedge-in-hour-chart.html
Thank you
Inflation for May @10.16% vs 9.59% mom
Seri Thala!
Dear IIlango sir,
I have made to auto refresh auto update blogs for Dow Future http://dowfuturechart.blogspot.com/
and dollar index http://dollarindex.blogspot.com/
Now there will be no need to refresh as these are auto refresh
Please let me know if u need any more improvements
one can buy
ril put of 1060 at 21
for target of atleast 35
@ Aabhas,
That is very useful. Thank you.
i fear the next higher top in the intra-day chart could be above 5200 :(
what say people??
Dear @Crore!
I do agree ILango sir, dont offend anyone. Actually these kind of analysts teach u that u should not give ur attention to these kind of predictions. Go only with tech table & that will give u timely entry & exit both. Remember Ultimately Market is supreme.
Rgrds,
KUMAR
NEW POST DONE.
@Elango Sir
Please provide BN entry level for buy.
@sethu,
I see a rising wedge on ur chart. But I agree that a 5120 seems more probable now.
-- gd
tota mit
ur unitech update awaited
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