PS: on the floor dear.===Crore : but both enemies are in upward path for a month now?+Japan orders huge gold buy. In every minor correction BN comes out with the sword!!!===C : Top most right of the blog.(I'm under the benevolent banyan tree)Every day.
Is the correction over here Ilango?
I dread the 2.30 today.
@Rajgopal Sir ... I too dread. ...Either it will be 6250 or 6150 ..fingers crossed
RIL @ 1040. is it now above 50 dma ?? and therefore long.. san pl pu the charts. thanks
@ Rajagopal..Thanks for your reply...On top most right corner are the links..EW/TECHNICAL ANALYSIS1. Elliott Wave simplified.2. JustNifty TA(06)3. BankNifty TA(06)4. Rajagopal's NF TA(06)5. Rajagopal's Vol.Tracker(06)6. Sundar's TA(06)7. Arunima's Fibonacci8. JNSAR for Stocks (06)Yours is No. 4 and No.5 correct...If yes I will download them and study them after market hours...Best regards,CTcarnot11@gmail.com
ok rg sir. all these days i was thinking u r lending a helpinghand to finish off co. audit deadline .
Villain Time :P
NF just touched 3-day ema and bounce back,,i was expecting( posted also ) and told also here, at least it should touch 3-day ema today..now what next,, NF still showing weakness..open interest still misguiding..for 6138-NF,, first support 6168-NF..@C... will tale after 3.30 pm..Regards.Siddharth
@Sujatha ... I am happy now ...would get some decent level to short again ...
C: ok.PS: Out of that line (finished at articles period). But other family+business commitments kept me away. Dust is settling down.
sure power - if 6220-25 resists and "down" means good, but turn "UP" is dangerous straight 6260/70 :P praying it should not go there? will FIIs oblige? :D
Ilango it looks over and sud reach next target tomorrow.
ok rg sir
today two fast rise set ups the earlier failed and the second one now it trying hard it it fails then landing down
what is the next target sandy?? can u disclose pls. let me try to tighten my seat belts
my screen reading suggests v r in for a euphoric surprise for the remaining hour of the trade.let us see how it pans out
Hi Bizagra!What is your stop Loss to in NF short? Is it 6210 NS? I am also having short in NF @ 6206
@Prabhakari m keeping sl @ 6210 NS.as my shorting is at 6195NF.Sorry for not responding on 30 oct as i went to chennai for some work.
CBI LOOKS INTO ZOOM DEVELOPERS 2700 CRS SCAM, PNB HAV LARGEST EXPOSURE. - JAIN INVESTMENTOOT - An interesting fact about oCtObEr 2010: This oCt has 5 fridays, 5 saturdays and 5 sundays, all in 1 month. It happens once in 823 years
Advance/decline strong for the day since morning...if anything what i am gauging it will try to clear todays highs...RIL holding nifty for the day...roughly 11 pts contribution..
Thank you Mr.Bizagra. Some times it will happens.
@ Sujatha vote for 6250My exit pointafter it 6300++ to short hugly on Nf
thank you sandy - very scary but looks like possible? mind is saying different, heart is saying different lolz.. hence listening "price voice"
we may even see 6450/500 sujata but can't hold longs tillthen. Would sit aside to reenter at correction.
really i am very happy u too musti with 6250??:) now retailers too going with long..showing top is nearby or faraway 6500/600/800?? mm.. if not breakes 6075/100 i am bet with higher levels,but watching sensex too. how it's responding at higher level is impt
Nifty has taken enough time to clear your Gann/ Fibbo resistance levels sujata.
Please appreciate the fact that cheap dollars are available to FII's . Shorting cannot give you much profits. This is a fundamental reason which everybody missing since 5225. Shorting would not have got you any significant money. This party will go on till we see some short weekly weakness. Fundamental is above TA. Oscillators have been giving all false signals. But the bright whizkids will not accept the fact and keep on losing money.
RELIANCE INDUSTRIES chart updated:CTRL + CLICK HERE
@sujatha,wow. I envy u. lot of information..NF is roaming around 6222. seems to tbe very stiff resistance.
150% 6527 - yearly gann levelfibo R2 - 5963 - exactly YEARLY - TIME PASSWEEKLY GANN - TIME PASS150% 6248175% 6295Yes sandy, i would like to ride both sides, but at this level carrying for overnight position is very dangerous, now 193 points up ysterday, today may be flat or mild up??
Today's price action is not included. But the stock has given a breakout above 200 DMA. 1048 is the next resistance
Yes Sujatha,My Rsi reading gives me a new high of above 6223,waiting patiently to book out.Whenever it signals for shorts i will enter shorts againLast time I just do a fullish trade to enter short withoutreading Rsi so I punished.
Hi all here & Illango Jisir can we take longs in banknifty?i am long in reliance also 2 lotsneed view regarding Tata Power pl.regards
hrly is quite oversold not much risk tomorrow it seems.Boss has to say.
power trade what happen to reliance is moving very fast.
Sold NF here @ 5222
prabha - nifty future thaliyezhuthu strong above 6245 and strong resis 6180 to 6195 according to me. inbetween trading. i am not trading in second off i will not give my money to FIIs will give to my own country men only :) looks like close at supp. level then 2morow gap up? thanks to FIIs good scalping possible watever it is gap up, down means halwa trading..nicely go to pocket
sorry sold @ 6222
Volatility should be very high next week sujatha
likely to be a selloff in the last half hour
"A Day Trader" could have made money mostly by "Shorting" during the corrective phase.One need to identify those days, use the "Intraday charts" and play it within those time limits. This is called TRADING.For Holding Shorts, our criteria is a minimum close below DEma & then a close below DLEma.Though we faltered yesterday, OB short term TA made sure, the "Sell off" continued.MOST IMP. factor to remember during discussions is to differentiate the time frame one is trading.Needless to state here that a continued close below DHEma would be a requirement to hold aggressive shorts.
Thx sir for this detailed elaboration over trading.Lost so much in scalping previously but now wait patiently for targets to achieve.
yes sir and sandy - corrective and volatility is good time for a "trader". My point of view is they should not have any "target". Then and then book profit and out.
@soha ..Reliance group always moves in the last leg of rally ...Its and indication that exit the market and go short ....In few days time you would know the results ...
Ilango Sir,Can I close my NF short initiated at 6206, if nifty closes above DHEma 6174Thank you Sir
@ Sujatha,Targets work wonderfully in any market. But we need to work at it & merge it with "Intra TA positioning".Today's low 6155 & Today's Pivot:6157.
@PrabhakarPlz dont ask this.we have to close them.Thanks
@ Prabhakar,It is a traders market in an uptrend. Till a downtrend is confirmed, it is not a "Short holder's market".The shorts in our conservative table is actually an "Aggressive Trade" in anticipation of continuation of this correction to a deeper level.
@Bizagra!To day it seems closing above DHEma?
Well said sir thank you, that's what i am trying to learn as much as possible. so that depends upon my work and schedule i can change my "trading style" :) and can work part time somewhere :D
@prashantflash master has arrived , fast hand.....padapatt..vaamma minnal like trade...great, you are a real trader....should learn a lot from you tooo...
Sir,holding yesterday's one lot short @ 6220and another lot short today @ 6222I still think that the correction may not be over as nifty has failed to trade convincinglyabove 6210
@prashant ....... One thing noticed ... You are great tape reader .....
PT My two cents, the leading indicator MFI has topped out at 95...thats a huge number for that index, in a week we may see a major decline.Just waiting for Lagging indicators to confirm.
@ prashant - there u r. Sensex trading low from the morning session from the high, usually gap up means it will recover after some correction. a small observation from my side. That too below 20560/50 level. I second your opinion. or sleeping "high beauty"?? :P
rochak parekh said... @ arpit throughout the election results , last year ambani brothers company scrips have been last to participate in any rally. OR IN OTHER WORDS a signal to exit our longs, whenever, after a rally, these sscrips starts to participate October 1, 2010 3:17 PM rochak parekh said... OR in another words there is no risk on the secular bull rally we are going in till these scrips are not participating October 1, 2010 3:18 PM ------------------------------------------------------------------------is the scenario entirely different this time ??b coz, we are in a break out rally out of a consolidation & all ambani group scrips are close to their break out levels.
there is a time to play short and there is a time to play long and there is a time for staying out. This any seasoned trader/TA understand and he wont be trapped by funny signals. This is the not the time to play shorts which I have been telling for the last one month.
@prashant...If i knew the tape like you ...I would like scalping for 10-20 points in qunatities ..Trading for living
If somebody is playing shorts for 20-30 points he should be very nimble to enter and exit.
Huge trades in Unitec??
@crorepatiGo and see the data for lead signal if you dont have create one with Ilango sir's file. It has failed so many times in this rally.
@Bizagra!I closed my Short at 6214
@Prabhakar, even i did @6214
Thanks San... wonderful
Dear Prabhakar, i think we are the weakest students here, master sud give some extra help to us.Wht u say?Thanks
My last cent: We are not palmists. We are not astrologers. We are not even weather men. We are just TRADERS. Why bother to predict the destination ? A Trader's destination is PROFIT. Just be in the circular train and get down at your destination. Just a simple way of trading.Bye Sir. Bye Friends. EW - one more eager boarder waiting.
Bizagra and Prabhakar, you are both rising students here. You know symptoms of weaker students? They keep low profile or they go for movie during class :D, btw swiped the right window!
Yes Mr.Bizagra!But I can't understand all these.If Nifty closes below DHEma, and above Low Ema, it is not giving satisfied points to me. These Aggressive trades are not working to me.
@Prabhakar, these aggressive trades not working for us as wedont take quick profits in them, we hold them like conservative trades.To save me from this, i m thinking of only following JNSAR method.i think that method ll be more profitable for slow traders like us.
@prabhakar One more thing,Call me Anuj.
@Bizagra!Yes. I missed september month rally due to some important work in chennai. If I saw Sir's Aggressive posting, I can't control me. So I am doing and missing exit point(profits)
Sujatha MademYearly fiblevels,Gnan levels -year means -calender ,finiancial,Gujarthi year (Lakshmi Puja) what for this purpose you are following
Now what i wanted to tale...Exmple-suppose todays date is 10-oct-10..suppose nifty(spot) is at 6211..then i will buy a 6400 or 6500 ce(call)nov series(next month series),price should be in between 10-20.And i will buy 6000 or 5900 pe(put)nov series(next month series) ,price should be in between 10-15.so the costing will be,, for call(ce)500-1000 Rs. per lot,,and for pe(put) also the same costing..3 days before expiry of the current month,, one will be more then 100 Rs and another one will be zero or more than your purchasing price..Try it today on pen and paper,, for that down load previous months file from nse site,, and see the result..if not understood,, then comments which point not understood..Regards.Siddharth
@prabhakarThis is what I did using dema. See first LH LL LC then you need 2 confirmations trading below current High ema and close ema . ( Current means updated every 15 mts). Cover when Low ema is held and continue your longs or initiate fresh longs. This worked wonderfully in bank nifty and nifty. But shorting could not make much money. Along with this, I combine FIBO and 2 important MA's. After coming to this site, I have learnt a lot and gone thru each and every excel file in detail. But, we dont need such a detailed analysis for our trading because markets give us lot of time for initiating long/short positions.Use the reverse technique for long. Daily ema updated every 15 mts is more reliable than Hourly ema. It will reduce whipsaws.
cAN ANYBODY PROVIDE ME LAST 1/2 HOUR VOLUME?
@Niftysparks,Thanks for posting your trading method.Please elaborate with more details for-1)"See first LH LL LC" -what to see & how to see (LH-lower high but LC=?).2)"combine FIBO and 2 important MA's" - what are 2MA's & how to combine?If possible provide link for chart.Thanks in advanceChandrabose
hi siddharth,have u tested /traded ur statergy and how was the resultsregardsdinesh
@ SiddharthToday NS closed @ 6186. Nov CE6900 is @ 14. Nov PE5200 is @ 14. Do u think they should be bought to make money by 25th Oct (bcoz expiry on 28th Oct)?
@Sandy In the last half hour Almost 7 crores of volume at 6222.80 ... That means that a seller is present at 6222.80 ... look for shorting at that level and a break above that may target higher levels.All future levels
@RDPboth are out of money .... Better you should write them ...
@Siddharth,Thanks for posting Option trading method.Please clarify,a).i.e. On 10th oct10, buy Nov series of CE=NS+200/300 & also buy PE=NS-200/300. Sell on 25th OCT10 (28th expiry)? b)10th Oct10 is Sunday, so consider 8th or 11th NS level for entering trade? I want to confirm what I understood from your post.Thanks & regards,Chandrabose
Thanks Power, in fact I feel writing them in a trending market would be too risky for me to handle, so I was trying to understand Siddharth's method.
@Harry..@RDP..@Chandra..First do it on pen and paper today, for that down load files from nse site of last two months.first download 10th or 11th or 12th date of sep bhav copy.then find out nifty spot position on that day. then write on paper the price more than 200-300-400 point( in ce-call segment,next month series) above nifty spot price.then write down 200-300-400 point down side ( in pe-put segment,next month series)from nifty spot price at that time..write only the price which was in between 10-20 Rs.Then down load the file(bhav copy) dated 3days before and 4days before expary of that month.there u find out what was the price of that ce(call) and pe(put).Then u will come to know what was the result of that month.Do it today and reply me tomorrow..I said "buy",, not short any ce or pe..For this month, when the price will adjust, then i will let u know.. That time i will buy..Regards.Siddharth Dharmail.email@example.com
Download 12th and 13th aug bhav copyand download 13th and 14th sep bhav copy, then write down the price of pe and ce,, then after down load bhav copy of 3days and 4days before expiry date file..see the result and plse inform me tomorrow.Regards.Siddharth
@ chandraif you wish you can join my paid network . you can send me a mail. This is for traders who are inclined to make money and inclined not to trade everyday and patiently wait for an oppurtunity. Also, not for very smart ones who are trying get smarter than Mr Market. firstname.lastname@example.org. We made money on longs Nifty,Bank Nifty, HIND zinc and today Ingersoll rand. Our last short was NS 6030 , but we covered around 5980 when we found support. this is a whipsaw but still gave 40 points on short. We are still holding longs taken at that point of time.