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...
86 comments:
Dear Ilango Sir;
You mentioned about 5030 NS earlier do you think this break down till 5025/26 is breach of ur level or we have to see if it will hold.. now it is at 5034...
If you think breach.. should we close our longs and SELL on rise??
please advice
SIL..
5020 achieved
@wormwood34
As per last data...4 lacs added so far in 5000PE...total OI 70lacs. But don't rely on that....it can totally reverse by end of day.
down to 68.9 lacs by the time i posted :)
@ SIL,
I have suggested to sell @ 5035-5045 above. Exit longs.Sell.
Dear Ilango Sir;
Yes, i saw it late and closed my longs.. and waiting for a SELL on rise ;
Thank you sir
SIL
Hai everyone
5 minutes chart updated
http://niftychartsandpatterns.blogspot.com/2010/06/nifty-5-minutes-chart-with-trend-line.html
thank you
thanks manni
Now NF is trading below 4988(VAL).
REPOSTING
@manu bhai
thanks...i'll wait for your mail...
trapped in tisco?
I guess you buy one stock and sell another one...
spread trading or arbitrage kind of strategy?
So you have one position in nifty other in tisco...right?
Let me know eod ...if you are busy with markets
I was interested in spread trading
Cheers...reply at leisure
Bears coming out of woods...its going to bleed more tomorrow.
@Ilango sir
As per pre market view red line graph coming into play??
@ this rate, spot will reach 4965 ...
sir
i didnt see the sell call took longs at ns 5000,
can i hold with sl 4965
market breadth negative now
for comments
Dear Piyush!
This is not correct way of trading, now when u know that u r trapped so u must sell in double or atleast exit from longs & try to buy near 4965 if it comes. All the best, take care...
Rgrds,
KUMAR
Manu Bhai,
Tisco is lagging behind.. Nifty moved more than 300 points from the low of 4786 but TISCO was not moving and infact is making new lows.
Unitech is also showing weakness as mentioned yesterday.
@ankur,
Amazing call. At 1:15, you said Nifty might go down to 5000. How did you make that call ? How did u do that ? Just learning.
Thanks
-- gd
Hai everyone
Nifty hour chart updated
http://niftychartsandpatterns.blogspot.com/2010/06/nifty-hour-chart-showing-next-support.html
thank you
Piyush...
I agree with KUMAR.. trend is ur friend.. learn from others mistakes.. (i did a lotz of times..)
goodluck
SIL
@kumar thanks for the reply,
bought at nf 4975 no great loss yet,
4961 ns previous pivot low will anyway be the
stop support, nifty was/ or is in range so
buy low sell high
sir shorted at 5060 ns should i cover or wait
when i asked at the closing below high ema
@Golfdude...
You need to see my Blog..There I said we are going to see a Big and Sustaining fall....2 hours ago...Just my technical trading system brother...It alerts me well before a fall....and experience also counts...I have been seeing Nifty from last 4 years continuously...
I have literally died many times to reach this heaven.. So, enjoying and sharing the fruits now.. Enjoy !!
My Blog is http://indianiftyanalysis.blogspot.com ..Please do visit for your own benefit.. Regards...
nice work ankur....keep it up :)
@Ankur
"...literally died many times to reach this heaven.."
Congrats.. you were spot on today.. Thanks for the alert..
SIL
Ilango sir,
Few days back you posted link of QUOTE.com,
Which is you use for nifty hour rsi.
Plz post the link ones again.
Thanks.
@ Piyush,
Ilango said...
If it is resisted @ 5065, it may correct 20-25 points again.
June 8, 2010 1:20 PM
The above statement was made expecting a corrective fall. From 5062, when it broke 5030(@ 5024), it was clear, it is an impulsive move down. Subsequently it moved upto 5038 where it was suggested to sell.
A 100 point fall is the norm - accg. to that 4971 possibility.
I have been collecting 4600 puts at 12 Rs. they are being sold at 30 Rs, now...That's real money making at least risk....
@ Abhishek,
You find the link under "Live market to watch" in this blog.
http://www.quote.com/global/stocks/chart.action?s=%24NIFTY-NSE&chartUi.period=V&chartUi.bardensity=LOW&chartUi.bartype=CANDLE&chartUi.size=620x300&chartUi.minutes=60
sir
can v go long positional intra here and covert positional if closes
abv dlema
Sir can This agressive sell convert into conservative?
can U give closing levels plz?for taking home shorts?
Sir,
Real nice level that you gave at 1.20pm. You don't feel like emphasising when the levels mature, since you have been doing it so consistently and nonchalantly.
So now we expect 4971(spot) to offer the support for an upmove? Some how every "60" becomes an hurdle for Nifty (4960,5060,5160,5260..). Friends will notice that at these levels Nifty slipped many a times. 60 Jinx?
60 jinx...whether it happens or not ....nice observation....RJ
@All,
Looks like FIIs not done yet....
hiee llango sir and all friends... good afternoon to all... llango sir what a gr8 call thanxs a lot sir :) globle update dow future down -1o point aginest 85 point plus at 12 pm .. - now watch nifty hawala 4988 its give resitance thanxs
Ilango sir , is the sceneraio confirmed that corrective abc complete
and now impulsive 3rd wave down started?
Thanks
Ilango sir thanks ones again.
thanks sir,
i saw ur suggestion only after i took long as per premarket/ rsi
had taken a long in morning which i exited at cost after slight negative div in 5 min
@ Rajagopal,
Market deceive us generally by a day. Sometimes by two.
Our sell on rise was 5055-5065 and came today.
Today's level was raised to 5070-5100 in the chart & it came into it by a point and fell.
This market can still deceive us @ 4960.
But looking at the "daily TA" which is getting damaged now - it would be a sell on rises...the same thing we said earlier based on Hour TA.
llango sir and all ... sir bought icicibank at 800 and sterlite at 610 .both in future sir is that rite trade ?? ple sir give me ur valueble guideance ..thanxss
slight liquidation seen in 4900 puts and build up in 4800 puts.. dow futures which were a percent up have been faded away..
Got it Sir. You made repetitive posts for sell @ 5065+ in these past 2 weeks.
Thank you
OI in 5000PE down to 64lacs
@Ilango,
I hope you don't mind me commenting here. I may look like bragging about my self. But, my intention is always to help anyone cut his losses/ make profits.
Mr. Ankur
Shall I buy Nifty now.
ilango sir,
covered shorts created exactly at 5065, covered exactly at 4970...
Thanks......sir.
-arpit
@ ankurbhatt,
That is very good work.
@ Prashant shah,
I have been thinking about your strategy all these days. "Open of a new series" playing decisive. Thank you.
@ bizagra,
Though the possibilities continue to exist, let me recollect my original analysis and say "4900-4885" break will confirm.
Presently 4965 is offering minor support.
@Sryasdmurali,
Brother, we are in a longer term Bear market, why do you want to go long...instead go with the trend and always try to short at highs. Your profits would be much bigger than what you will make by going long.
Dear Ilango,
Considering the current NF low can we expect a little bounce back from here?i.e. above 4950?NF?
ilango sir,
now what....?will wait for eod report and tomorrow's pre market....call.
-arpit
@ ilango sir,
shorts created exactly at 5065 covered exactly at 4970
thanks
-arpit
What the Price movement for the day says.
Equities.
STBT
Scrip Name LOW-Rs
BHARTI 252.49
BHEL 2246.67
BPCL 529.54
CAIRN 281.19
DLF 249.95
GAIL 444.27
GRASIM 1665.20
HCLTECH 355.74
HDFC 2666.37
HDFCBANK 1832.21
HEROHONDA 1902.00
HINDALCO 127.88
ICICIBANK 797.26
IDEA 51.40
INFOSYS 2613.59
L&T 1592.90
NTPC 196.50
POWERGRID 101.49
RANBAXY 407.44
REL 1027.38
RELCAP 637.94
RIL 977.60
RPOWER 147.11
SAIL 183.13
STERLITE 587.36
SUZENER 52.02
TATAMOTORS 710.83
TISCO 438.59
UNITECH 65.31
WIPRO 630.68
BTST
Scrip Name HIGH-Rs
HLL 255.63
SIEMENS 707.46
Taken @ NS -51. Verify Tech table.
@ Ankurbhatt,
Forget about what anyone will say.. You are doing good work. Continue to share your views...
@ arpit,
That is a very good trade.
Keep up that plan of yours consistently.
@Ilango,
Thanks, I would like to hear from you when you disagree with me on any given call.
Thanks again and my pleasure to comment here..
@ Mynac,
As Rajagopal's reseach says...."60 jinx" may be @ work again.
"4961" being the last low, bulls may attempt a rally again.
A parallel channel bottom comes @ 4935-4950 which would be the last hope for bulls.
Thanks.
Dear Ilango,Dear Rajagopal....
Gold conquers new high of Rs 19198 per 10 grams MCX.
JFYI of friends with daughters.
At this moment it looks like that 4950 is likely to give intraday support for NF.
@Mynac,
Brother you came into the Bear camp or not ?
anyone carrying Long??
Hai everyone
Nifty hour chart updated
http://niftychartsandpatterns.blogspot.com/2010/06/nifty-hour-chart-showing-next-support_08.html
thank you
"5004" is today's low ema(Day) coincides with yesterday's low. A close below this would give confidence to Bears to hold their shorts.
Dear Ankur, I am there but as I used to square up intraday so it was just a thought.
@tot amit . i exited at 10 point loss have any message for
bulls?
@all
Hope is dangerous, whenever your trade goes into looss, just put your stoploss, exit.
Thats the hard lessson i learnt by paying into market...believe me many think i should hold my long tomorrow it 'may' bounce then i will exit..thats the hope of exiting the trade, and 'fear' of pulling your stoploss button..
i m long..hedged
@manu
I am with you :) both in NF and BNF.. not many lots.. so taking risk
I agree with Anil.... not exiting on SL ..... makes u loose capital...I learnt the hard way too.
@manu
just my observation, a 5 minute nifty chart showing positive divergence may be a pullback upto 5020 nifty spot
Bye Sir. Bye Friends.
@anil that is why i didnt take short today, may be i may get
sir's level tomm to short. keeping fingers crossed
sorry sir for wishing u wont wish!!!!!!!
@PS,
I get into risky long @4955 NF.
14RSI is at Oversold & 9RSI has not cut the redline yet thus making it as positive divergence considering yesterday's low at 5005 and today's new low @4967.
I might be totally wrong as I am new to this system.
Dear manu,
Must have got some relief because at least the "cut" was limited up to 4940.NF.Dear Gautam has already mentioned 4940.( It was and is for NS)But today applicable for NF.Now it will be interesting to see,whether it will bounce back or not!The overnight clues will be important as usual.
Bye everybody.
i think all depand on a dow jones if dow jones up +100 point then we r back to the 5060 or if down down -100 point then we seen nifty 4900 as par my reading may b m wrong but hawala of nifty 49888 in future and today close below 4988 so its enter in bear mkt but agin i tell u its depend only on dow jones (father of all indieses) thanxs
corr== nifty hawala of 4988 not a 49888 --sorry about the type mistake --thanxs
hello
a bounce tomorrow probably to 5020 n then down again
4920 maybe
thats where ur buying opportunity may come for 5250
but strangely down needs to fall to 9550 or 9600
DOW
tomorrow will suggest where we go up or down
thank you so much for the correct analysis
http://www.brameshtechanalysis.com/index.php/2010/06/nifty-technical-view-7/
Nifty Weekly View
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