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...
29 comments:
Ok it may not be flat today, but not much downside i can see. Maybe a close around 5160.
Good Morning all!
gm all
I'm hoping it will correct to 5108 so that the bulls can stomp in again.:)
Good Morning IITians!!
Hai good morning everyone
Nifty daily chart updated.
http://niftychartsandpatterns.blogspot.com/2010/06/nifty-daily-chart-analysis.html
Thank you
Good morning everybody
GM. My 2 cents...
Asia is up a tiny bit. SGX is at 5210. So we could see a small up opening. But as ilango sir's numbers say, 5220 is key. And if that does not hold we could see 5180 ( pivot ).
-- gd
gm all
Goodmorning sir and all
Hai everyone
Nifty daily chart updated with head and shoulders pattern. See how this pattern occur time and again.
http://niftychartsandpatterns.blogspot.com/2010/06/nifty-head-and-shoulders-pattern.html
Thank you
Good morning Ilango Sir and all
Illango Sir is it worthwhile to go short on nifty at current levels
and what should be SL and Tgt. Thank you
Hi Sir, Hi Friends,
How are you sir ? Am sorry for not having participated in the last several weeks. Caught up with several domestic things at a time coupled with the tight schedule in office. Plz allow me to come back !! But was punctual to chk all updates end of the day (nights!).
Hi Frnds, I dont know how many of you remember me...but feeling very good to see sir playing 'Bagiratha'.
Regards
Sir & family..
Gm..
Sir..
i m not able 2 take a call in Tisco even after
ur updated files price shows abv high emas..
i squrd all my longs in tisco @ 490..
hedges too..
can u guide ..y i not so much
convinced abt a bull than a bear..
is it individual 2 individual..
Good Morning Sir and Friends.
Hi Anuj. Hallo ka welcome back. Dear mynac was overworking to help us out in you absence.
San - very nice and clear. btw when time permits just see Sir's week end chart (on which Satheesh commented) - is there a H&S behind the smoke ? I though I saw the left shoulder,with a possible deep right. Just check please.
Good Morning ALL
"Most of our mistakes are made either because we act without thinking or we keep on thinking and do not act."-Author Unknown
Sir,
There is negative divergence in hourly fast macd,
9 hourly rsi is overbought, hourly stochastics are
in the overbought region, 9 day rsi is pointing
downwards,
Can we short @ 5210 for 5180
Gm Illango sir,
welcome back Ka,how can we forget your valuable inputs
on option analysis hope we get same as earlier.
Hi ka, wb.
anuj
sorry sir went to dharmshala fr d weekend
will do ths weekend:)
Reposting - y'day's Post @ 3.10 pm.
===
Watch the following please. Indicate something special in movement.
HCLTECH
INFOSYS
REL
RELCAP
TCSCONS
HDFCBANK
L&T
(Breaking with volumes?)
===
Please check the Highs/Open of the above so far. Good Prospects?
on a larger time frame if nifty does not cross 5350-5400 a HNS pattern is developing in daily charts with LS at 5300 HEAD at 5400 and RS which is developing with neckline at 4800. a breach of 4800 can easily take nifty to 4200.
SIMILAR PATTERNS ARE ALSO DEVELOPING ON SNP500
Thanks raja sir
I am sure satheesh must have seen it before me.
Thank you friends.
@manu bhai
no problem...take your time
Is dharamshala the real reason?...I feel you must have had overdose of lassi...and slept throughout the weekend!!
:))
NEW POST DONE.
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Welcome Home.. "Ka"
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@anuj
lassi or old mo(n)k
4800 & 4900 PE is seeing addition of OI with a decline in IV, probably writing.
5000 PE saw less build up today but 5100 PE is seeing good amt of build up with a small in IV. Build up of 5100 PE and remaining flat tells us that it might be a support for this expiry and at the same time fresh buying from intraday and short term players to gain from the fall from immeidate resistances.
On the call side, good fall in prices of 5300 and 5400 strikes with rise in OI coupled with a fall in IV saying writing is on. So, crossing 5300 and 5400 seems not certain.
ka, what is IV?
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