Nifty could not close above "Hour High ema" yet.
Above "5240 NF", Nifty may move up sharply.
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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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...
67 comments:
May be ok to take a RISKY short near Day high for 15-20 points-for the DANCE?
"5240 NF" - if it crosses this, sharp move may be seen.
oy RG, why short when the upmoves are so dramatic? I've got a crazy short from 5185 and I wish I hadn't.
Yoda:
My reason:
LONDON, June 17 (Reuters) - European stock index futures pointed to a lower open on Thursday, halting a six-session rally as investors remained cautious ahead of a Spanish bond auction.
Let us see. Will it be a dip and then ZIPppppppp
ah, alright then.:)
Dear Rajgopal sir,
You were mentioning about daily closing movement view sometime back..(like friday close +ve, monday -ve)..
what is general trend on thursdays an fridays these days??
Thanks,
Rama.
bought 5400 put @ 168 SL 162 Target 180
Ilango sir.
please update 9.H.RSI
HI sir,
What is the significant of 5245 FUture
Pls explain sir. i am learning
Ilango Sir,
I have no positions in Nifty Futures. Please advice me what to do
Thank you
Hi All,
Please explain about LAXMAN REKHA..
WHich point is called as laxman rekha?
Hare Rama !!!
I am getting our of some bad habbits. Still Thursday must be +ve and Friday Neutral with -ve bias. It fails consistently like all TA.
sir pls confirm
12 o cloch data 9h rsi given a buy
@KKay
I asked,
Plz confirm, positive divergence getting developed in Euro Usd daily charts...
sir replied,
There was +ve div in US $ index and it has already started to rally up.
The fall in the last 7 days was because of "Daily - ve div". Hence, if this upmove ends with a small retracement, then the fall may continue which will mean "Equities may correct the short term as the $ index rallies the short term and then the equities rally again as the dollar may start its downmove again".
Finally, it depends on the "Quality of correction in equities as well as the rally in US $ Index".
Hi friends,
Please explain about laxman rekha..
why they are caling as laxman rekha and which point...
PLS PLS PLS...
very fast movements in options even in small trading range of index. To trade like prashant bhai, you have to be really very very quick.
@
Anil
Thnx
kk
@RG
yeh i also read the news, about spain bonds auction.
Just for others information---
Spain's auction of Eur 3.5 bln later during the day shall be the key determinant of the risk perceived by the investors. Bad auction results may increase worries about the debt problem. Where in a modest demand to the bond auction shall bring cheers to Euro allaying the fears for the spread of contagion risk to other countries.
"5240NF" coincides with spot "5245" resistance(Today's opening high.
Anil - Wish there are FMs with powers to arm-twist LICs in Europe.
Thanks sir...
euro/usd broked todays low...
Thank You Rajagopal and Anil for the "Spooky Spain" issue at an appropriate time.
ICICI Bank has faa\llen big in last 10 minutes...rumpr taking its toll..
can one buy...in hope of sense prevailing soon?
:)
Yoda - Day of the Jackal.
I got this mail on ICICI Bank Please confirm if such news are just rumours or some real juice is there
Satyam scam Icici BANK FRAUDED Rs3000 crore in ADR in U.S market big U.S stock broking company filed Rs1 billion dolalr suit Against icicibank and its U,S banking arm, big fall for icicibank in just 2 days even unexpected 20-30% fall as like satyam fall by last year , alert all your friends who holding icicibank stocks to liquidate big fall on cards both icici s
CONFIRM FROM YOUR END before acting
ilango sir i had short nifty at 5236 sl should be 5240 as u give pls give tgt of short
Is it time to exploit ICICI's correction - RISKY? - The rebuttal must be getting framed.
RG, more like the day of the hyena.:)
What an excellent play in ICICI.
Sir,
Went long in BN @9495 when reverse is happening
Accepted Yoda. Wish we get all the qualities of this GREAT HUNTER. God compensates us - I don't know TA, but trade on hunches !!!
btw - closed my short (got 5 points more than expected),reversed to Long - old bad habbit of p2p surfacing.
ICICI Long initiated 846.5 (Futures).
@RG,
exploited icici fall..
bought NF @ 5208 and ICICI 880 call @9.7
;)
ICICI Bank Declined the Rumor. <.... got this from nseguide
tota sir
ur unitech..dicey moves
ifci, karur vyasya bank, andhra bank, dhan bank, indian bank, uco bank, icici bank, federal bank, axis bank, power finance, sbin, pnb , oracle finance, bank of india, bob, syndicate bank, canara bank, union bank, idfc, corporation bank, rel cap, central bank, lic housing finance
ALL IN RED
and then start recovering @ 5210 NF
Ilango, how is Bank Nifty looking? it looks weak to me...
ICICI BANK DOWN ON RUMOUR OF SUED BY US BROKING FIRM >>>>> ITS RUMOUR--CNBC
ICICI bank included in SATYAM scam
now seems to be a rumour
by the group of traders
who were stucked in the shorts
and were not getting any opportunity, since last 3 days markets werent giving any opportunity to cover shorts
what say FRIENDS
Manu Sir,
what can i say... stopped out twice. :-(
Mkt is supreme.
:-)
the reason i said above is
the rumour which sent icici bank and other financial on a RED FIRE
is being spreaded by a mail all over has got the identical language
Ilangoji,
Any update on Bank Nifty if you get time?
Tota sir..
:(
in unitech dont keep sl as high beta..else hedge
for positional ths s good..
http://www.mcxforum.com/daily/UNITECH.HTML
TT & 9-rsi chart updated.
BN weak below 9515.
Elango Sir
Shall I short BN at 9498 SL 9515 NOW
last half an hour, over 545000, was the volume in BN @ avg. 9496, it seems, maintaining that, if BN crosses 9515, there could be a huge upside spike
the volume i mentioned in the 1/3rd of the total volume today
sorry, avg. 9467, not 9496 as i mentioned
Is that an inverse head and shoulder in nifty with neckline at 5229..?
Could any one comment...
target would be 5260....hmmmmm
Of course in case what i am seeing is right...:)
Hi Ilango sir,
Looking at the options data, nifty will expire around 5200(+/-20). I see we may touch 5270-5310 by tomorrow. That could be a good time to buy 5200PE July Series at around 100 levels or this series 5300PE around 40-50(High Risk). Options master, please throw some light on it.
Last month you have said many times that we cannot ignore the fall and break of trend-line. Please provide some vision on this.
5241 cmp
@ Ashutosh,
Expiry is on 24th June - Next week.
Refusal to fall below 5200 indicates a shallow correction targeting 5295+.
Channel break is still far away.
We should look for TA & Channel position when Nifty moves past 5275.
This series may close near the series high based on TA so far.
Ilangoji,
bought NF@5242. what should be the SL?
I am happy that i observed something and it met the target...a rarity..
and i was not in the trade....:)
@ mash,
That is the start of a "new curve" (UP) in your life.
@ Fire,
SL 5232.
ilango sir can i book nify long at 5274
Banks and Metals still on the side lines. Wish they decide to join.
Thank you dear Illango...Pleasure is immense and ur comment increased it...manifolds..
Now might be a good time to get out of the longs?
Yoda said...
Now might be a good time to get out of the longs?
June 17, 2010 2:06 PM
Sethu said...
5254-5276-5290
===two experts at a time - so hold with 5255 as TSL Yoda?
Now getting closer to that time to Book Profits(5275-5295).May even attempt 5300+
A "5th wave " possibility (5th of the 3rd or 5th) as per PreMarket view with this new high.
need not worry RAJGOPAL
sooner or later i.e. 2.45-3 pm, metals and banking also would realize that we are lagging behind and they all will march ahead to balance with nifty gains
@rg,
Yeah, 5252-5255 sounds good.
NEW POST DONE.
The thing is, whatever comes beyond 5262 is like steam unless 5235-5245 hold up.
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