Trading is a high probability game and TRADE when you see a High probability. If not, stick to a Mechanical one.
Monday, September 19, 2011
Nifty PreMarket View
Trading below Pivot, it is weak - you sell & cover closer to supports. If trades above Pivot, it moves upto resistances. For today, 5125-5130 is resistances. You sell there. If trades below 5100(Pivot), you sell with 5130 as SL. 5035-5045 are supports. Market unfolds differently everyday. Each number gets relevance on different days. Keen observation and experience will guide you.
Trading is a high probability game and TRADE when you see a High probability. If not, stick to a Mechanical one.
Trading is a high probability game and TRADE when you see a High probability. If not, stick to a Mechanical one.
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... -
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...
31 comments:
Good morning sir - movement on friday seems to suggest that the zig-zag 4th is in progress ? so a fall today towards support levels can trigger a buy if the 5th starts in the later part of the day today ?
Or am I counting wrongly ?
Good Morning Ilango Ji,
SGX Nifty trading @ 5055.50
good morning.master & friends.
Good Morning Ilango Sir and Friends
NIFTY Weekly Descending triangle updated: CLICK HERE
Master Ilango , Good Morning
and copy to all friends.
Good Morning Master & Seniors & Friends,
@gm everyone.
SGX at 5025.
Trading plan for today -
Aggressive trades -
Short till S1 ( 5054 ) or S2 ( 5023 ).
Conservative Trades -
Short till 4920 with 5140 as SL
Notes -
Monthly trend down.
Weekly trend short term up, but close below WHEma ( sell on rises ).
Daily trend turning negative as close below DHEma.
Hourly trend on 16th turned negative as close below 5Ema/DHEma
EW analysis -
Feel still in 5170-4910 complex correction
since Wave 4 timeline has 10 more days to catch up to previous Wave 3 ( or Wave 5 ).
Break of 4890 can give more ideas.
Good Morning Ilango sir and friends.
Namaste Ilango Sir & Blogmates,
Though OI Table is Bullish but need to be cautious: Option Analysis for 16-09-2011
Weekly & Monthly Profile Charts and Values
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Namaste Ilango Sir and all friends here
have a nice day.
lots of ifs and buts, it is 'high probability'- taking
chances at this point of time. clear trend to emerge
as yet
wish you all safe trading
master ilango,
in the chart jnsar is 5005 and in the table 5020 kindly
guide why it is so. thanks
Good morning Ilango & all
For an interesting blog on "Nifty - Time and Price Relationships " pl refer to:
http://www.elliotwaveindia.com/2011/09/nifty-time-and-price-relationships.html
Good morning Sir and to all Friends.
GolfDude - Sent you a message on Skype ! Looking to team up on the EW learning !
Namaste Ilango sir and fellow blggers
LV
GOOD MORNING............
Namaste Ilango sir and all,
Hour chart harmonic possibilities Hour chart sept 19
good morning blogmates,
what is the good news that will drive the mkt up?
inflation high,
petrol hike
repo hiked
no short of good plan from global mkts,etc
pdd.
@Ilango
Is the JNSAR on the chart at 5005 after a 15 point
filter...the TT indicates day JNSAR at 5020?
Namaste Master and Mates,
ONGC FPO postponed, Govt expecting correction?
Good morning Ilango Sir and all blog mates
Good morning Ilango sir and Seniors.
Good Morning Master and copy to All
good morning,seniors..
Good Morning sir and Warriors
I think Buy SBI Closer to 1900-1898 SL 1880
(Fridays Low). From Here on banks will take market up.
Namaste ilango sir and friends,
Today's Quote received :
The stone is broken by the last stroke. This does not mean that first stroke was useless. Success is the result of continuous efforts
New Post Done.
Nify fut is at 5050
5050 means state of confusion
bulls & bears trying their best
"Dum lagake haisha"
http://www.youtube.com/watch?v=-4FIZGpt_cg
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