Holding "4715" at the open is the first requirement.
Holding day's gain is the next requirement.
Breaking past 4775, hour channel resistance is the next and bulls must do it tomorrow to have a decisive continuation of upmove.
"4825" is the daily channel resistance.
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...
20 comments:
Ilango sir,
I think weekly pivot is not correct.
it should be 4678 s1-4556 R1-4747.
sir
in my calculation high-4800, low,4609 close,4624
and you may take low- 4531 so pivot shows 4652.
if I am wrong Plz Ignore.
ilango sir hapyy baday....
HAPPY BIRTHDAY SIR
I WANT TO STUDY THREE MONTHS , THREE DATA.
THANK YOU.
HAPPY BIRTHDAY SIR
I WANT TO STUDY THREE MONTHS , THREE DATA.
THANK YOU.
I WNAT TO STUDY THREE MONTHS , THREE WEEKS DATA
sir,
happy birthday ..
Dear Sir,
Many Many Happy Returns of the Day!
Dear Sir,
My wife wished you in the morning and I was In office
so she wished you.
but I felt something incomplete whole day
now I am going to complete it
MANY MANY HAPPY RETURNS OF THE DAY!
though I have not seen you,but by your words we
are able to feel your presence.And your guidance paints
the picture of your greatness and intelligence.
simply no words can express it.
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Dear Sir,
Many Many Happy returns of the Day!
Thank you for being there for us always.
Illango Ji and all those celebrating their happy birth day, please shower your blessings to us. Blessings only count . Many more happy returns of the day
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Wish you a very happy birthday.
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happy birthday to you ilango,
your knowledge sharing helps a lot
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Dear Illango Sir
Wishing you a very Happy Birthday.. May God fulfill all your dreams.. And Thanks a lot for being there for all of us..
Regards
Namaste Ilango Sir & Blogmates,
Seems like Bulls are losing the Game; Option Analysis for 05-01-2012
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Dear Illango Sir
Wishing you a very Happy Birthday
Regards
Sir,
NSE is having special Live trading on Saturday between 11.15 - 12.45. Will it affect our market setup tomorrow in any way? Your input is important.
Thanks.
WISH YOU A VERY HAPPY AND PEACEFUL,HEALTHY BIRTHDAY GURUJI...
Since Nifty fail to touch 4800 for the last four trading sessions, a bit of doubt came into mind about previous labeling of the wave count. under these circumstance I have given alternative scenario valid for another one or two days.
Given below is the one of the possible Trade Plan. Devise you trade paln as per your understanding.
Trade Plan for Jan 6th 2012
As per 5th Jan 2012 Trade Plan I said 4772 is the level for short, if one can manage their Trade.
market has touched high of 4780 and corrected by 50 points to 4730 and retraced to 4763.
If we consider 4780 - 4730 = 50 is Wave 'a' and
4730 - 4763 = 33 is Wave 'b'
expect 'c' to be 4763 - 4682 = 81 points ( Minimum Target )
or Maximum Target of 4630. Tomorrow being Friday, it is advisable to cover the short position created on 5th Jan. 2012 in the morning session on 6th Jan. 2012 when market reaches 4682 / 4630.
Waiting for upward movement after the correction for a day or two will be safe for going long. This will ensure safety for Option Traders.
NOTE
So far the correction consumed 7 hr 45 mts as against 14 hrs 12 mts consumed for movements from 4588 to 4783.
Since NIFTY has to cross minimum of 4800 to qualify the current move as Wave 'F'. It appears to be failed.
Any way let us wait for couple of days to reconsider the Wave 'E' ended at 4588 and instead it may be still under progress as a Triangle ?
The Chart give below is marked with a-b-c-d-? and possible target is also given below the chart.
? = e under progress
a = 5099 - 4531 = 568
b = 4531 - 4801 = 270
c = 4801 - 4588 = 213
d = 4588 - 4783 = 195
e = 4783 - ????? may be 4616 Tolerance limit of 10 point.
The above analysis is also justifies the target of 4630 mentioned in the beginning of this posting.
All the Best and Happy Trading.
@ Ilango Sir
Though it is too late now for me, but still I wish to say with all
MANY HAPPY RETURNS OF THE DAY SIR (BELATED, BUT FROM HEART)
I usually get time at nights only so I study everything written here in your blog, I study that late hence a belated wish, hope you won't mind it.
Regards
shekhar
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