4868-4905 is the gap area.
4955-week/ Day Pivot.
Strength above 4945; Weakness Below 4945.
Momentum "UP" above 5000; Momentum "Down" Below 4865.
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...
30 comments:
good morning master & friends.:D
Good Morning Ilango Ji,
SGX Nifty (Sep) trading @ 4921 with day's high/low @ 4921/4895 respectively.
HSI Closed (half day) due to typhoon. TW Started in the negative territory but recoverd about a percent in positive. SIMSCI down 0.42%, Nikkei down a percent too.
namastey ilango sir and friends
Good morning Ilango Sir and all blog mates
@sreyO...: I was a little bit busy for few days. Yesterday night I came to know that it was your birthday. Belated birthday wishes
@piyush sharda: I wish you a speedy recovery. Take care.
I will meet every body later, I am busy with some domestic duties. Whenever I am free I will visit the blog.
Bye Sir and all blog mates
Dear Sir,
Thanks a lot for your advise and guidance on Query
Dear Piyush Sharda get well soon.Praying for your
speedy recovery
Rgds
Good morning All.
Have a good day.
Dear All,
Blog updated with some interesting charts. Check it out if interested.
Best,
Lee
Good Morning Sir & Friends
Namaste Ilango SIR and same to all friends
have a nice trading day, day of expiary.
Nifty price is trading along the Kumo (cloud) indicating
some consolidation. it has to decisively move above or
below the cloud for momentum. above and below the Kumo
are very much the levels mentioned by Ilango Sir.
Good morning guru dev & friends
Trading plan for today -
Aggressive trades -
Buy at 4910 ( S1 ) to pivot 4957.
Sell at 4975 with SL 5040.
Conservative Trades -
JNSAR short at 4975.
Notes -
Monthly trend down.
Weekly trend turning neutral. Still below 5Ema.
Hourly trend is neutral.
Option expiry week.
S&P did gap fill yesterday.
EW analysis -
80% of 5170-4770 comes in at 5080. Above that Wave 4 might be still on.
61.8 retracement is to 5012. Smaller waves, looks like a 5.ii.b in play.
@ GD:
JNSAR will be long at 4975, not short, right?
@shrey,
Yes. JNSAR long. Thx
Namaste Ilango sir and fellow bloggers
LV
Good Morning Master and Copy to All
Expiry Bigul Blown
http://www.youtube.com/watch?v=kovFUWyNB-0
EW folks -
5.ii.b done ? 4850 is 61.8% retracement. 4910 is 38.2% retracement.
Seems low. Usually 50-78% retracement. Still expecting
gap to fill to 4850.
This expiry all Technical Analysts having same levels
Lets see How Nifty Dupe all of us
Interesting expiry
@ilango sir,
Aggressive trade - Below 4900 ( DLEma ), short with 4920 SL ?
@ DR:
But a majority , I think, are bearish... n thats the key :)
volatility coming ahead..
4800 PUT - 20% OI UP --ATP Rs.1.2
5000 CALL - 15% OI UP--ATP Rs. 2.6
Good morning Sir and friends.
Dinesh Bhai, Bungee jump or Rocket launch?
Master ilango and friends,
Good morning to all.
Good Morning Sir and Warriors
Strategy for the day
If you want SELL here – SL should be at 4955/57 ( day/week pivot)
Target – 4876 ( 3dma)
If you want to buy here – SL should be 4876 (3dma)
Target - 4955/57 ( day/week pivot) & 4972 (JNSAR)
DR - i bet 4901 NF is strong break will give 4870 or else suprise upside left
am betting on upside
Shreyu - monthly closing may be around here only abve 4900 and above :P hehe always "ulta pulta" view don't take it seriously :D
@ gd,
"4955"- week pivot as well as yesterday's & today's too.
Yesterday's price action was around it & ended below it.
Hour TA has turned dn since yesterday's open.
So you sell below 4955. Today's open & High is almost the same.
Below 4905, the gap starts and if Nifty takes time in this area, it could adjust the Hour TA & reverse later.
Being "the sideways Month", you trade for small gains. It is only by way of "trading your position", you could extract more. We identifies this 4th at the beginning and it has given few indications of 5th commencing but hasn't broken below the lower range.
shr
By God I dont know :(
one more option is there i.e
slow march
http://www.youtube.com/watch?v=-4Ej1vK8hCg
@Sujatha:
Thks! I too think the same... but methinks it should give one more downside before it goes up... but that is not happening... so lets c?
New Post Done.
Good one Dinesh Sir.
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