To bizagra's quiery yesterday, I suggested to book partial profits @ 5285 or 5290 or 5300 or 5310.
To Sriyasdmurali's long at higher level, I suggested to keep 5285 as aggressive SL and 5240 as conservative SL.
"Managing your position" based on your entry level is very important. Cutting losses early gives few open options.
It is possible the fall may arrest @ 5190-5210 & reverse to go higher or it can break down big. We are looking at probabilities of this market as the price unfolds.
There are bull & bear views 75% of time and we took a bull view yesterday and today it has both the options till 5175.
sir, i guess nifty may see a dip to near 5150-5180 levels(5167 being 55d ema)may be till tomorrow as nifty has retraced to 55dema whenever it has tested 21dema in last 6-7 months
Have taken a short below 5242, below day low EMA and also below S1 support. Need to know where to keep the sl. And also if a trade is taken at the break to day low EMA is it adjudged a good trade aaccording to u.
Just an opinion, I think its a long way to the top, if you're proven wrong. When I tried paper-trading on HHs and LLs, I realised that they're the perfect places to get trapped.
Yes @illango i saw yr comment just for a second and I was a bit puzzled. Not and issue and thanks for your reply will keep this as strict SL. rgds rishav
Bears are trying hard to push Nifty down near/down yesterday's low but they should take efforts to clear 5237 in convincing manner because the last 1 min.big trade was at 5237 at 10.30 AM consisting 4 lac volume.Along with my earlier post another intraday big trades are at 5258,5265,5268 and 5271.Above information along with TA table if finds suitable then may watch out for results end of the day.let us see.Bye.
We never used to watch world mkts much but did during 2000 Nasdaq's major collapse and stocks used to get into down freezes often. Wipro had for 9 or more days downfreezes.
I want to bring to your attention about a perdon who visits your blog in order to obtain clients and then indirectly says nott so good things about you. Clearly I think it is wrong and there was no need to find fault with you in his site but discuss it openly here.
http://niftysparks.blogspot.com/
To give yesterday's example, an expert on EW who often talks about EW in his Blog , advised people to carry longs and even talked about a target 5400+. All of you know what happened today morning. Today, EW study was refined and he says zig-zag waves.
One cannot trade by depending only on excel sheets, EMA's and waves ( I dont know EW and not interested also as it was a big failure in USA. You can check with any of your friends there)
This is too much......... how cn someone talk about Ilango Sir that way..... hes been giving so much to everyone... n he knows what he has been saying. We all respect Ilango Sir ....anyone saying something like this is a fool....I think if we can he shud be blocked from coming to this blog.
And, niftysparks, we all knew today would be a retracement, if not at the open then later in the day ... that's how markets move, right? Do you claim to a unidirectional movement to your readers in a correction?
does it look like a bearish flag in the 5 minutes chart with the upper boundary @5256-58 and lower boundary@5242 ? If it is, then the measuring implication is much lower.
Nifty just nt refusing to go down again bounced back from 5238 levels NF. will wait till 2'oclock for its outcome or as RG says wait for the 2:30 factor u will get something out of it at tht time. rgds rishav
Dont worry about these kind of street levels analysts, their shops has been closed due to ILango sir & all clients ran away so they r trying meanest way to catch traders. Sooner or later everybody will know their condition so dont worry about these barking dogs, leave them on mercy of God.
I'm a novice in trading, but the basic thing I've understood is not to fault anyone's analysis. If you are then you are questioning the fundamentals of the market. Otherwise why both bulls and bears exists at any given time?
I believe following someone's analysis is PRIVILAGE but not a RIGHT.. :)
The treachery of this kind of backbiting always gets my goat. It would be one thing for a novice to misunderstand that Ilango gave a long term possibility. But for an 'analyst', who grasps the basics of TA, to twist the words to impress his clients ... its in very poor taste.
NF discount signifies that bulls are giving up or have given up their hopes for very short term atleast. Also, aggressive call writing is signifying same trend.. Extreme bearishness
@ wealth creater, Though its not an ideal situation to mention this, but worth to be spoken. 100% bullish sentiment is the starting point of bear market and 100% bearish sentiment is the beginning of a bull market.
72 comments:
hi ilango,
pls open price
@ Musti,
My views are based on certain entry levels.
To bizagra's quiery yesterday, I suggested to book partial profits @ 5285 or 5290 or 5300 or 5310.
To Sriyasdmurali's long at higher level, I suggested to keep 5285 as aggressive SL and 5240 as conservative SL.
"Managing your position" based on your entry level is very important. Cutting losses early gives few open options.
It is possible the fall may arrest @ 5190-5210 & reverse to go higher or it can break down big. We are looking at probabilities of this market as the price unfolds.
There are bull & bear views 75% of time and we took a bull view yesterday and today it has both the options till 5175.
@ tsrini
5276.65
sir,
i guess nifty may see a dip to near 5150-5180 levels(5167 being 55d ema)may be till tomorrow as nifty has retraced to 55dema whenever it has tested 21dema in last 6-7 months
From Jun 18, the nifty has been trading sideways. I wonder when it'll make the big moves.
@ alphabet 1
Yes, Thanks.... I understood 5098 :) ....I know there are relationships between
waves.... which I hv to study yet.
But now I understood 5098:)
EUR-USD giving a breakout?
yay, 5544 here we come!:p
@Elango sir
Thank you for your reply
I will wait, Hope for mkt reversel
@illango
Have taken a short below 5242, below day low EMA and also below S1 support. Need to know where to keep the sl. And also if a trade is taken at the break to day low EMA is it adjudged a good trade aaccording to u.
rgds
rishav
dollar index
high- 86.205
low- 86.057
current spot-86.007
index- -0.037
Nifty trading at discount ??????
@Rishav,
Just an opinion, I think its a long way to the top, if you're proven wrong. When I tried paper-trading on HHs and LLs, I realised that they're the perfect places to get trapped.
OT...
GMRINFRA holding 50 DMA at 58. Watch for a breakout to 200DMA at 61.
-- gd
Sea,
I am seeing the CMP of Dollar index as 86.370.
open --86.435
high --86.435
low --86.340
testing
5300 CE/PE - 50/49. Open at 45/50.
@Elango Sir
Please guide me option premium calc.
Now 5200 call premium is Rs. 142 Nifty is 5244.
142-44 = 98 premium amount to be paid extra to buy this.
The buyers are more to get this 5200 call means,
Then how to calculate the movement of Nifty from here.
Dear Illango sir experinced problems in posting on blog since morning.
fire,
i m watching
http://www.goldseek.com/quotes/charts/usdollar/usdollarindex24hour.php
@ Rishav,
I answered earlier (but deleted it) thinking you are long. If you are short, the SL should be 5260+
11.07 am - in NF, buy quantity is 2.5 L more than sell - BULLS are back.....
@ Jayshah,
I have not changed any settings. It could be the browser or the server of yours.
Glad to have you here.
Yes @illango i saw yr comment just for a second and I was a bit puzzled. Not and issue and thanks for your reply will keep this as strict SL.
rgds
rishav
Sea,
check this ---
http://www.traderslog.com/quotes-charts/?sym=DX!&studies=VOLI;MACD;&a=I:15
Sir & Family..
Gm..
sir
in ur experience
leaving aside 92-95 phase u ever hav
witnessed decoupling f markets
Bears are trying hard to push Nifty down near/down yesterday's low but they should take efforts to clear 5237 in convincing manner because the last 1 min.big trade was at 5237 at 10.30 AM consisting 4 lac volume.Along with my earlier post another intraday big trades are at 5258,5265,5268 and 5271.Above information along with TA table if finds suitable then may watch out for results end of the day.let us see.Bye.
Till it does not trade firmly above 5275, another round of fall is likely to new lows.
fire
thank u very much sir
@ Manu,
We never used to watch world mkts much but did during 2000 Nasdaq's major collapse and stocks used to get into down freezes often. Wipro had for 9 or more days downfreezes.
@ Golfdude
GMR Infra Being hot stock!
Holding 65 Call@ 0.80
sir...5270-75 means, the broken trendline support and high ema ?
am facing great difficulty in posting msgs...dont know why !
regards
Good Morning Ilango Sir and all.
@ Ka,
It was based on the RT chart intra - 200 min sma.
oh..ok...thank you.
yeah, its hovering around that today. At present at 5265.
Sir
Good morning to everybody.
I want to bring to your attention about a perdon who visits your blog in order to obtain clients and then indirectly says nott so good things about you. Clearly I think it is wrong and there was no need to find fault with you in his site but discuss it openly here.
http://niftysparks.blogspot.com/
To give yesterday's example, an expert on EW who often talks about EW in his Blog , advised people to carry longs and even talked about a target 5400+. All of you know what happened today morning. Today, EW study was refined and he says zig-zag waves.
One cannot trade by depending only on excel sheets, EMA's and waves ( I dont know EW and not interested also as it was a big failure in USA. You can check with any of your friends there)
@ KGovind,
Thank you for your alerts.
Aggressive call writing is going on even at 5200 strike. 5200 put writing is not visible nor either covering in 5200 PE
This is too much......... how cn someone talk
about Ilango Sir that way..... hes been giving so much to everyone...
n he knows what he has been saying.
We all respect Ilango Sir ....anyone saying something like this
is a fool....I think if we can he shud be blocked from coming
to this blog.
thanks Illango sir
NF is now incrasing discount gap instead of slight premium.
gm sir and friends
@k govind
the world is full of analysts who delete their failures from
their past performance reports. he is one of them.
@ KGovind
allowed me to view your blog
http://niftysparks.blogspot.com/
NF is now incrasing discount gap instead of slight premium.
lol, KGovind, you sound conflicted.:)
btw, Niftysparks/Sethu has a closed blog, so it can't be viewed by all of us.
He has a right to his opinion however perfidious. But he does occasionally offer some free advice here.:)
NF is now incrasing discount gap instead of slight premium.
5242 ( S1 ) is providing good support.
And, niftysparks, we all knew today would be a retracement, if not at the open then later in the day ... that's how markets move, right? Do you claim to a unidirectional movement to your readers in a correction?
Ilangoji,
does it look like a bearish flag in the 5 minutes chart with the upper boundary @5256-58 and lower boundary@5242 ? If it is, then the measuring implication is much lower.
NF is now incrasing discount gap instead of slight premium.
@ Fire,
It is a very weak retracement, could not even reach the opening level. I will still keep 5190-5210NF for supports first.
NF is now incrasing discount gap instead of slight premium.
Dexter
it is not my blpg at all. Blog belong to person who require reg details.
Nifty just nt refusing to go down again bounced back from 5238 levels NF.
will wait till 2'oclock for its outcome or as RG says wait for the 2:30 factor u will get something out of it at tht time.
rgds
rishav
Dear @All!
Dont worry about these kind of street levels analysts, their shops has been closed due to ILango sir & all clients ran away so they r trying meanest way to catch traders. Sooner or later everybody will know their condition so dont worry about these barking dogs, leave them on mercy of God.
Rgrds,
KUMAR
govind, some one want our password??
I'm a novice in trading, but the basic thing I've understood is not to fault anyone's analysis. If you are then you are questioning the fundamentals of the market. Otherwise why both bulls and bears exists at any given time?
I believe following someone's analysis is PRIVILAGE but not a RIGHT.. :)
sir can u put a 9 rsi chart
KG : Didn't want to comment but can't refrain from thanking you. Now,sure your entry is blocked.
Yoda : The "BEST CALL" was heard by Arunima - Must be thankful to that extent for the "free advise"e
.(It brought the Indian and Fibo back to JN)>
The downward hourly channel is still holding.
@yoda
his gates open and close by the response he gets here
NF is now incrasing discount gap instead of slight premium.
NF is now incrasing discount gap instead of slight premium.
@kumar,
The treachery of this kind of backbiting always gets my goat. It would be one thing for a novice to misunderstand that Ilango gave a long term possibility. But for an 'analyst', who grasps the basics of TA, to twist the words to impress his clients ... its in very poor taste.
Spark wants to fish in troubled waters.
NF discount signifies that bulls are giving up or have given up their hopes for very short term atleast. Also, aggressive call writing is signifying same trend.. Extreme bearishness
yes, rg and piyush, best ignored, i guess.
I have been watching him give calls just minutes after Ilango gave his.
NEW POST DONE
@ wealth creater,
Though its not an ideal situation to mention this, but worth to be spoken. 100% bullish sentiment is the starting point of bear market and 100% bearish sentiment is the beginning of a bull market.
Post a Comment