Have patience and wait for the market to confirm your trading plan. Go with your observations however conflicting it may be but maintain the exit plan & reversal strategies.
Markets can still surprise us inspite of overwhelming evidences till the prices confirm.
30 comments:
Market Technical View
Dispite of many good news in last 2 mounth RIL remained weak. Now lets see if it holds 980 – 1000 level this time also or not.
Market breadth :- 0.90
Intermediate trend is UP
short term trend is DOWN
Nifty Technical View
Nifty will start DOWNTREND Bellow 5350
Nifty Support levels are 5355, 5300, 5280, 5250, 5180, 5150.
Nifty Resistance Levels are 5400, 5460, 5530, 5650.
Moderate to high risk in initating fresh long term investment.
Long term for means 1 to 4 years.
Toall the Pinky Iinky Satakshi Swati Dimpy Neha Upalakshaya Swatietal--------- it is very evident from all of your posts that all of you are of newer generation and maybe having the same background and some professional education on TA which maybe your instituition at INDORE?has provided or you have taken ( or is it lesser people with many ids) Any body and eveybody has a right to say what one wants to say and put on ones blog whether giving credit to somebody or not is aquestion of ones own MORALITY and the sir would hardly fish for such credits.But a serious suggestion to all of you that it better that you put all your knowledge into application rather then passing your time in surfing of market blogs,and passing your time by interacting there.Believe you are involved in a serious profession where in a lot of serious money is involved and there would be really some hard earned money which you might not be doing some justice to.If you atleast learned from the sir's introduction of himself That he has been breathing markets since 1992 or other senior bloggers who have been into the market are there here probably from the number of years which would be bigger than your age also.So instead of making some high noise and showing of your knowledge (or lack of it?)please learn from the market .Really feel it ,it will teach you many things even if you silently observe it.Now coming to the main point the people who are normally involved with this site are mainly investers or traders and not many of them are not so blessed with the TA knowledge that you have acquired so please let them follow one school of thought rather then spoiling or corrupting their mind with your professional approaches if you are so sincere in your approach you will soon have a sincere following viz.:Shai Anuj or Dinesh Rishi for that matter and look at RG also or Viren their sincerity shows.This is a request and if you give it some sincere thought it will help many of us and please see how many of your calls have really done and how much time has it taken and how much paper money have you earned just try for eg. Rs. 100000/only.Pease take pains to learn from the older archeives of this blog itself .
And Yes Sujatha is not a new harvest she one involved with the blog since early days but has become so self sufficient htat she hardly needs to be present here all the times
I agree with swati, in future RIL may go high.
this is because of currently investment in right places and government policies.
To all those addressed by Bhavan today,
perhaps you don't have the time to unearth the real jewels from this blog, (which, by the way, is far far more precious than any charts even Ilangoji can post), let me help you find two jewels created by Aarvee and MOK ---
http://www.4shared.com/file/tqcqBT-r/Words_of_Wisdom.html
http://www.4shared.com/document/9k0ZXPxx/Ilango_TechAnalysis_Explained.html
I am grateful to these guys for these invaluable compilations, and I think, after you go through these materials, you would feel the same.
Tell you once more, these are THE things worth anything to take from this blog.
@ilango,fire,
sir, as of the current setup it seems to be a flat 3-3-5 correction,
If so then we can have zigzag B as per alternation of corrective waves.
plz comment.....
sir ,
on my daily charts the 14 month old trendlne
is also broken again.
@Swati and like
Pls go though what Bhavan has said. You are a visitor on this blog,and apparently no one is caring for your views. This attempt of your to lure a gullible will backfire on you and you will loose your goodwill even before getting established.
Contribute and discuss the methodology Ilango prescribes, we do not want your sermons. Many of us who visit here are much more knowledgeable and superior to you and still when we visit Ilango we give due regard to his form and Blog.
Learn to give respect to earn respect.
ilango sir,
one request , pl draw a map of EW and show where the market is now [once in a week] so that we [beginners]can understand correctly . pl do from this week. THANKS.
Excuse me....I m someone whose learning from Sir.... n I DO NOT COPY anything from this blog... to any place...please make that very clear... NOR HAVE I GIVEN A SINGLE CALL ON THIS BLOG
Hi people, this is the softest advice line one can see ... great!
surely they realize the folly, and the silliness of their clients seeing them doing this in a guest blog like JustNifty which is quite a known blog address :)
it would look very unprofessional for sure, and would make the worst image makeover as an advisor ... investment advisor ...
hope better sense prevails.
best regards to the friends holding the cause of JustNifty,
and also would give best regards to these advertisers when they earn our respect as matured responsible business persons.
@ Swati
I on behalf of all other readers of blog, advice you that :
It will be better if your start your own blog. Please don't bombard this blog with your calls. please leave or restrict yourself.
Don't test Sir's patience please.
Inki Pinki Donki
Button khula hai aap ka
http://www.youtube.com/watch?v=kgfCSfFIP70
@Neha,
I think I missed seeing your name in that sentence. No, I don't remember you giving any URL or any call. But the others? OMG!
hellow sir, my name is naren, from bangalore
i would like join in this institute
can i get a permission (admission) in justnifty as a
student
We can't change everybody's mentality.. it's equal to trying for "straitning the dog's tail" instead concentrate and learn. "Be simply yourself" as said by Sir. Most of the people need here "bucket of salt with little food".
A warrior does not complain or lament anything, and sees challenges as neither good nor bad. Challenges are simply challenges. - Sir
Just ignore all the spammers and go onnnnnnnn as like our "master".
regards
@ narenvelu - It's not a institution .. this is a "UNIVERSITY", and our master is a "nadamadum EW palkalaikazhagam" looks like ur name resembles tamilian hence mentioned in tamil.
By the way you have entered already and posted, again asking for "admission"?? :) OK. I spoke to master thro "telepathy" he gave admission for you. You can join at any time with your Bio-data. :)
PS : This reply is just for fun. don't take it seriously and curse me please.
Neha anything is not personal but yes I think that maybe you have shown the decency of not giving any calls but I hardly appear to have any doubt for your origin(I atleast have the right to opine)you also coincidentally appeared here in the same time frame and the language is very evident anyway anybody is welcome provided they maintain the decorum. isn't even Stocks Future and options of the same origin?Indore? really doesn't that school teach to be more innovative better they teach something more substatial.AGAIN I REPEAT THAT ANYBODY AND EVERYBODY IS WELCOME IN THE FAMILY BUT FAMILY DISCIPLINE HAS TO BE MAINTAINED THE FIRST ONE BEING BE RICH SLOWLY AND DO NOT CORRUPT SOMEBODY'S MIND.THANKS.
Thanks Aarvee and mok for the compilation and Fire for bringing to the notice of the blog members
Regarding Elliot wave book , it is not available in the Hgginbothams and they told that published ,printers address , if available they will order and get it done.
RG At Chennai whether it may be possible to get it in any pavement shop as you are "belongs" to chennai and in this trading with several years with a such a stupendous knowledge. Are you giving any college lectures about management topic ??
Previously you have mentioned about Telecom Accounting.If net cash accounting basis , how they will arrive the receivable ?? Will it possible to show some light to me by a sample write up to my email ID
Thanks
Bala
TO WHOMSOEVER IT MAY CONCERN...
THIS IS NOT A TRADING SITE..... IT IS A LEARNING SITE....
PLZ COOPERATE TO MAINTAIN THE ESSENCE OF IT...
Bala,
Elliotwave Explained - Robert Beckman is published by Vision Book House, New Delhi. Their web link is http://www.visionbooksindia.com/
You can talk to their main sales agent & distributor, Mr.Subhash Yadhav in No.011-23862201 (New Delhi)to find out chennai agent or stockist address.
You can try at Sitaraman & Co, Royapettai or Landmark at Annasalai, i believe...you will get it.
Sri
Excuse me Bhavan... I M NOT FROM ANY INDORE SCHOOL>.... n u better think twice b4 u write....
Even I M AGAINST ALL THOSE OUT HERE WHO THIN K THEY KNOW BETTER....THEY NEED NOT POST A THING OUT HERE...
COZ THERES ONLY ONE PERSON WE FOLLOW N THAT IS ILANGO SIR
@theprofiletrader,
Don't ever, ever, ever and ever put my name in the same bracket as Ilangoji. He is our teacher, master and guide. Don't insult him.
Your question can be best answered by him. I am just a novice. Perhaps in the Pre-market view, he may answer you.
Now this is getting disturbing. I'm just surprised at this attacking all of a sudden. I hope its not because they're women-nicks and the guys are threatened?
As far as I can see, Swati didn't say anything different from a thousand guys who come here predicting or giving levels for the next day/wk/month some on pure intuition... why so much anger at her?
Neha is not a part of any school - she's been posting EW very intelligently for ages now.
Look, if those of you who're irritated are speaking for yourselves its fine, as long as no one's speaking for me. lol
Swati using her Indore-school skills without plagiarizing and *without advertising even* (plz notice she didn't add a blog address!) isn't bothering me at all!
Neha relax, I think its just mob-effect that they bashed you. heh.:D
@Stock Futures and Options,
Are you working in teams, one backing the other's predictions on RIL to give it credibility, like some direct-markettng salesmen?
It's quite dangerous to desperate people in the share market (unless you're on tv :p). A bit like selling door-to-door gadgets never to return.
@ Yoda
I get your point of view on Swati-mob-effect-bashing.
My personal note : Anyone, irrespective of gender, need not blatantly announce predictions / levels in the manner Swati has done. If one has to give trading levels, then please support it with reasoning, give you analysis mechanism, share the thought process, but just plain announcement is not done.
Do it Ilango way, "dont make us dependent on your calls, rather share and educate HOW you do it."
This blog is different not because of content, but my intent and purpose - to teach.
Chill everybody. If we are getting affected by calls given by everyone's post, then we have a problem. I questioned Gautham when he used to do blind calls. I would also like some reasoning behind the calls. I made a decision that I will follow ilango sir's comments and anything else I might learn from ( San's charts ).
I am with Yoda - i think some new folks are being unreasonably blamed. They might post often out of their enthusiasm but they are definitely not spamming.
@alphabet - Dont fall for any of these calls. Probability is half. So they are bound to get it right.
I even sometimes find Prashanth giving everyone of his trades here distracting. How come nobody commented ?
I feel - You need to change yourself. Just ignore the posts. Sooner or later, their true colors will show through.
Dear All,
Kindly Cooldown.
This kind of posts certainly disturb others and one day will disturb Ilango Sir too.
There are many silent followers like me who quietly follow Sir's guidance. Pl. do not disturb the way.
SriGanesh,
I cant find Elliottwave explained on visionbooks.com
can u specify the complete link
Thnks..
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