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...
32 comments:
g ..
i told u ..
u hv eleph'ant" brain..
i m missing tisco bcoz concentrated on uni..
but i find myself better to concentrate on one..
frm my point of view "nifty" is the topmost beta trade..
stocks are still less..ask sir:)
@ Manu,
"Unitech" was in my critic's menu since Friday.
Manu - Thanks (elephant's brain feeds it with the following information :a.Man is seen upside down and b. Larger than the elephant-read somewhere). So elephant brain no good.
I held since Sir said "...off by Re1. give it one more day"
But thanks a ton for Uni.
It seems good consolidation takes place to keep the upward movement intact in coming days..
Unitech fired above 72 as posted here:
http://tradingontechnicals.blogspot.com/2010/06/unitech-ltd.html
Thanks
Sir
Telecom shares are not participating.Whether the Telecom industry is in such a bad shape
In the industry wise which industry index in which wave is going on .Any light on this
Whether all index will syncronise with Nifty ??
Bala
sir ..
i find ur critic lvls amazing sir..
sorry i took "tisco" msg wrongly ..jst chcks wht Kosulya has asked that day..
may be it was luck..as i took positions @ 473 or so..
and jst 10 min were remaing me to hedge..
Rg..it takes hell lot of brain n hedging..
i hva family heridity of baldness..
may due 2 hedging:)
my trgt 74.1 and will close hedges
thanks sir for talking about my case in the above chart...
regards
RG, lol, it has usually bounced between 50 and 120 pts. Today it has done 110 already, I think.
Thanks Yoda.
Just looks like the Banks are on a non-cooperation movement. Suddenly someone recalled "Rate Revision" ?
"Telecom shares are not participating.Whether the Telecom industry is in such a bad shape"
Bala - Banks have disbursed 55000 Crores in loans to Telecom. Which means 5500 crore p.a. in interest (minimum). Added to this is the "Bid Price" of 3G which has to be obsorbed in P&L say atleast 7000 Crore p.a. Which means the telecom industry must have an additional profit of 12500 crores to show Re 1 profit.
Another funny news that will come out is the "Bad Bills"(as bad debts/NPA for banks). Telecom companies account the "Gross Billed" amount - not the net collected amount and the difference could be 2 - 5% of the bills.
Now "is Telecom industry is in such a bad shape"?
Namesthey Ilango sir,
The movement of the Oscilators r towards downside, but the price action on upside, and macd also. kindly enlighten me sir.
Rg..can Rbi take a desicion 2dy..as mrkts are biased long..
as dow will be closing plus ..
@ Kris,
It is called a "running correction" wherein the correction, instead of moving opposite to the trend, will move in the trending direction. The oscillators will point out such a correction by moving from top to down or in a downtrend - down to up.
Often traders use oscillators for trading decisions and it can backfire at such situations where the trend & momentum are strong.
thank u so much sir for your kind.
Price indicating Moving Up probability (taken with NS+94). My guts to go long in the gutter.
Scrip Name HIGH-Rs OB
ABB 893.97
ACC 893.40
AXISBANK 1272.36
BHEL 2494.73 *
CIPLA 344.45
DLF 298.28 *
HDFCBANK 2029.40 *
HINDALCO 158.71 *
HLL 262.94 *
ICICIBANK 920.15
INFOSYS 2850.78
ITC 302.76
L&T 1870.58 **
M&M 651.25
MARUTIUD 1401.18
NALCO 441.78
ONGC 1229.30
POWERGRID 104.55
RANBAX Y 453.60
REL 1221.81
RELCAP 788.67
RELICOMM 195.08
RIL 1087.23
RPOWER 177.66
SAIL 207.42
SIEMENS 749.97 *
SUNPHARM 1778.71 **
SUZENER 58.80
TATAPOW 1336.00 *
TCSCONS 802.86 *
TISCO 516.34
UNITECH 75.53 *
Bharti,BPCL and Idea indicate "Move Down" - wish a gap up prevents it.
===
Manu - I feel RBI may announce on 25.06.10 4 pm.
(GOV said decision b4 30.06).
sir
wht r shiva prasad sir views on nifty and unitech
@ Manu,
Shivaprasad has been busy with works.
Jay: "Buy in May and Go away".Unitech is just warming up.
sir ..:)
jay mam..tht ws good one..
@ilango sir,
My 2 cents as usual. I am a firm believer in CCI ( another oscillator ). I have seen it much more reliable than RSI. Given that, I see a major -ve div in it today in 30 min chart ( although RSI seems flat ). So I feel there is a correction due tomorrow. Again this doesnt mean a trend changer but just my observation on CCI.
-- gd
any body tracking $ index ..jst c last 1 hr..
Bhavesh,
Buy in May and go away from markets for a while and come back only for the "Harvest".
@ Manu,
Holding "85.0", $ index could do a bounce and equities may correct a bit.
Bye Sir and Friends.
Bye ilango sir and all frnds....
take care
Hai everyone
Nifty hour chart price closed above the channel
http://niftychartsandpatterns.blogspot.com/2010/06/nifty-hour-line-chart.html
Thank you
"Buy in May and go away from markets for a while and come back only for the "Harvest"."
if so sir, then what about, SELL IN SPRINGS ( may june ) and go away. i am quite confused, as i also wanna hav a happy diwali , wanna buy and hold some picks till diwali, but, GB's 3300-3600 till october, and the old saying " sell in springs " hesitates me to do so
KINDLY GUIDE
thanks
v closed at 3.30 , then FTSE FUTURES were +39, DOW were 110, DAX were +45
as soon as we closed by 3.36 pm
they went as high as +58, 130 and 88 resp.,
whereas on friday as soon as we closed , they all started playing RED=RED altogether
, just an information
EU and US futures, PARTYING
Hi Everyone
Today's Market Overview for Nifty Level
http://sharesonlinecharts.blogspot.com/2010/06/watch-todays-market-overview-for-nifty.html
I fully agree with CCI, it is still better than other indicators
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