Monday, September 19, 2011
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...
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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 ...
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
46 comments:
Dinesh Sir,
Looks like we are going to hit short JNSAR.
Hats off to you.
Thanks
Bank Jnsar 9558 hit.
R 2 5174.15
R 1 5129.15
Pivot *5098.65*
S 1 5053.65
S 2 5023.15
DR - hope it will not hit today ??? :) :)
gauresh - ji - :) :)
Fibonacci price projections:
0% 61.8% 100% 161.8% 261.8%
Up 4911 5070 5169 5328 5586
Dn 5169 5010 4911 4752 4494
Sir,
Can bank fut be shorted with a 20 pt stops.
Rgds
Sir JNSAR 5020 is shown in Green and it is near
the support also. Does that mean we go long instead.
I just wanted to know the color significance of
showing JNSAR in Green.
Thanks
@Fire,
Whats your nifty view at present
@Ilango
BankNifty Jnsar triggered sell ?
Weakness of Friday gets converted to sell now the hourly T/F weakness is now slowly penetrating the daily sell :)
yash and dhan. green signifies currently jnsar is long
@Manish
Tricky market at present to better keep filter also as per your risk apetite :)
SATHEESH CAN YOU UPDATE ANY OF YOUR CHARTS ABOUT BREAK OUT LEVELS
@PT
ya true
that why asked as 9555 was the Jnsar & it went below till 9530 odd dont know how much normally filter is kept for it.
like in Nifty he keeps around 20 odd points.
@Manish
0.3% is the max but we can go for 1% in BN as it is highly volatile
@ Yash and Dhan,
Many readers have sent mails asking significance of various numbers such as JNSAR, J10SAR, WHEma, DHEma, WEma, DEma, WLEma, DLema, etc..
The mechanical aspects of these numbers are listed in the TT for High emas, close emas & Low emas. And JNSAR & J10SAR are covered in various write ups (Check labels).
But most important thing to remember is to "Follow the Nifty as it swerves around in various Time Frames".
After the recent low of 4911, Nifty went to 5144 on Friday and showed with its price action a resistance point of 5125-30 with OB Hour readings and then closed below DHEma bringing in a sell on rises. Below High emas, upward momentum is lost and a range trading is on till closes below Low ema.
And then there are channels developing.
If you find the Hour TA bottoming, then apply a small filter to JNSAR & buy and manage with a SL...I mean "manage" which means raise it as time goes by by few points.
.
Good noon Pcsmitpra :)
Thank you Sir
@PT
ok
@PCS
Hi
Dear Ilango Sir & Blogmates,
OI Update at 12:30 PM
Thanks & Regards,
Sanjay Kr Jaiswal
@pcsmitpra ... GA...
I wasn't during mkt hours...
Denabank now
Good Afternoon Everybody!
Dear DR sir! When eternal BULL is long then why not i follow him:)
Dear All!
I received so many mails & queries regarding health advise on sunday. I mentioned so many times here, i am available on monday to friday only between 9pm to 11pm. So pls do come with prior appointment to avoid unnecessary waiting. I keep free my Saturday-Sunday for close friends & family. In emergency You are welcome but homeopathy will not help too much in emergency from remote.
There is rumour that carrying out of the mony options invite penalty from the exchange.Is it true ? I am holding 4800 pe ?Can any body clarify ?Regds.
PT - little upside give me my daughter wants up only :) :D atleast another 30+ pnts?? slowly??
Suji mam,,,
Nifty like one side upmove?? :D
Nifty @ HLEMA
Wave C.c of second zigzag started at 5022 ???
A=4720-5170, B=5170-4910, C=4910-????
c.a=4910-5140
C.b=5140-5022 ( 50% of a )
C.c=5022-5250 ????
Thoughts ?
pcsmitpra said...
@ Brij Sir, What you were saying about Dena bank.
September 19, 2011 12:59 PM
Dena bank buy trigger...with good tgts..
(Blog updated )
Brij :) :) no positions closed my calls , exam time for my daughter. she is back frm school.
bye
@golf dude
looks like it. unless the b which u show
at 5022 is still going on
@piyush,
Nailed it. I had it to 4997 ( which is 61.8 ).
@Sujatha: Exams means SA1?
Weakness all over looks like bahut niche ki taiyari hain :)
@PT
manne pann aeu lagge che :)
i also think the same :)
PT
Kanyakumari tour :D
http://www.exotictoursntravels.com/images/kerala-india-10.jpg
@DR Sir,
:) :) :) :)
दिनेश sir, इसे क्या पेट à¤à¤°ेगा?!
@pcsmitpra
Me short since Friday --- More positional shorts only on close below 5023 :)
@Dinesh Rishi ,
DR Sir! How to trade in nifty with this mini lunch?
@Ilango
A question...JNSAR is at 5020, while day low ema is at
5003....does it make sense to then give a 20 point
filter to JNSAR and sell only below 5003???....in one
of your earlier communications today, you had suggested
a buy around day low emas.....would appreciate your
clarification
Bhushan
Chinta illey
finish this can ask 4 more
@Prabhakar
This is for me -- Tum dusra le lo :) :)
4908 to 5152 50% retraced
lets hope for the best
if holds Punjabi Makki do roti and sag with 1/2 kg butter
http://www.fooditemoftheday.com/wp-content/uploads/09_08_13_makki_di_roti_sarson_da_saag.jpg
PT,
Kaha tak niche aayega?
HANGSANG ko to 538 giraya hai.
Itna Nifty gire to ....
.....
....
MAJA AYAEGA.
HAVING ONE EFFORT TO HOLD TODAY'S LOW AS OF NOW.
PDD
New Post Done.
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