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...
50 comments:
on this type of bullish days nifty generally moves
up for 125points gain..and closes near days high..
@ ILLANGOJI
IF NIFTY CROSS 0.80 % 4986 CROSS THAN IT WOULD BE
HIGHLY BULLISH & WHAT WILL BE THE TARGET?
IF CROSS THAN ?
mostly sell calls originating..will nifty oblige???
nifty waiting for 2.40 effect, to cross 5000
Century Done !!!
@ Nilesh,
If Nifty surpasses 4986(80% of 5099 to 4532), then we'll look for a retrace for 5400 to 4532 with trend being up. And if that 80% exceeds(5226-200sma), we'll shift to bigger retracements.
4975.55 IS DONE.
Range mentioned was 4960/75.
Europe cooling.
THANKS SIR
india VIX at supp near 22.5...may see some support
and may move up which may probably see some correction
nifty too
entered into puts for purpose of hedging for which I have kept 5025 as ultimate SL.
@Sujatha Ma'm: Are you in shorts or longs or both like Kumar Sir? You reverse positions so quickly, its tough to catch.
2.30 factor not playing
PT,
SINCE OPENING IT'S PLAYING.
HOW MUCH TO PLAY NOW?
4975 CROSS WILL PLAY OTHERWISE NOT.
Dear PT,
Intraday PUT OI writing may not allow the NIFTY to fall..
@prabakar and hitendra ji
May be greece default will be the next trigger :)
wishful thought :)
@Powertrade: If that happens then I will send laddoos to your house :)
Dear PT,
Ameen.. :)
@ PT - it won't fall much today..check mail
@Prabhat - 4977-5K/5020 what is the diff. of points. i got down i am not "Daring DR" after all his "Chotta sister" :) anyway my "wishfull thinking sofar working out" let us see on closing basis. if at all close is abv also 1 or 2 days close i will "take into a/c" :D :P worst trader :(
on my own views. by the way i will play "FEB" not in 'jan". Jan position will be very less.
A close below 4945 is enough for further downtrend.
forget about greece or else.
It will automatically triggered.
Double Ameen !!!
@Sujatha
Thanks a lot
@Prabakar and Prabhat ji
Summa Ameeen :)
Prabhat - errrr read as "i will not take into a/c"
@pt
this is for u
http://www.google.co.in/imgres?imgurl=http://www.indianetzone.com/photos_gallery/10/IndianSweets_507.jpg&imgrefurl=http://www.indianetzone.com/2/indian_sweets.htm&h=298&w=300&sz=35&tbnid=VJWPr2tWpt8XsM:&tbnh=90&tbnw=91&prev=/search%3Fq%3Dsweet%
Bears should wait for chance...
http://www.megastarmedia.com/blog/wp-content/file001.jpg
Prabhakar sir
Yes ofcourse sir bears should to wait. nice comment.
@NF beginner: Please don't address me as Sir. I am back a bencher
The Lucky guy
http://www.cartoonstock.com/newscartoons/cartoonists/ksc/lowres/kscn1641l.jpg
Prabhakar sir
அது உங்க தன்னடக்கத்தை காட்டுகிறது.
(Intra day) Bears should have declared this as non business day at 9:45am and packed up.
Looks like nothing can shake nifty today. 6 more days left for expiry?
Isn't there the contest for this month as to what will be jan expiry?
@prabhat
Wait for expiry, contest will be here
Sir
Looking at overbought condition and resistance of 4975 buying put of feb is advisible ? what you say about it ?
It has been a few months since we have remained this OB in daily chart.
Shows a lot of bullish strength.
BTW, anybody else think OB/OS are the worst named indicators
and most misleading of all ?
Bears are praying after irritation
http://kneelatthecross.com/wp-content/uploads/2010/03/bear-praying.jpg
nifty future high volume tick at
12:38:56
4974.4 Volume - 133550
for people in wait n watch mode rummy is a nice time pass
GD: :) i Guess ob/os works most of time in rangin markets.
Only 10% of time like this, does these indicators donot work. I guess watching options OI will help.
victorious said...
Sir
Looking at overbought condition and resistance of 4975 buying put of feb is advisible ? what you say about it ?
=========
Not advisable at all
1. Let the sell signal come
2. Buy puts after 15th of the month, otherwise
time decay will eat your all profit.
* read ranging as range bound.
@ Victorious,
Nifty is up 9.79% from 4531 lows.
tataSteel up by 33%
TataMotors up by 60%
IciciBK up by 25%
Let us wait for a lead signal from few large cap stock, and then you could still enter into puts and make quick gains. Falls once signalled will drop like a stone. But wait you must.
Instead wait for dips to go long in this series.
My previous comment...spam baba kha gaye...
@Fire
It seems now spam baba started eating my comments...
I would be very interested to see what Rohit has to say
today evening...:)
Superb JNSAR gains and possibly might hold and run further.
In any case until elections are thro, looks like Nifty will
hold.
surprising part of the rally here is that almost cent percent O.I. addition for 4900 PE (27lac)and NF (30lac) is bet. Just 50 points only.i.e.bet. 4920-4970,
@ilango sir
Let us wait for a lead signal from few large cap stock, and then you could still enter into puts and make quick gains. Falls once signalled will drop like a stone. But wait you must.
Instead wait for dips to go long in this series.
Thank you
Bye Sir and all blog mates
Thanks Sir, My Master and DR Sir,
HAVE a good Evening also !!! bye all
@mynac,
Which 2g gprs plan do you use with ur unloked
3g usb modem?
Regards,
Nilesh Patil
Dear Nilesh,
Frankly speaking I am that much tech savvy, and literally don’t understand your question but request you to mail me then I shall ask my sons for that answer…
Today’s move backed with huge volume support..
Turnover for the day
NSE FNO Rs.121880 Cr.
BSE Cash Rs.2622 Cr.
NSE Cash Rs.12151 Cr.
Respected Illango Sir & all seniors & members of the blog,
Today is the first time I am writing on this blog as it took me almost 7 odd months to go through all the main sections that are there for learning. I am a total zero
in EW & learnt a bit about hourly flow method of trading
& got interest in learning more & one day I happened to
see this blog & found it like a Bible of trading.
I want to thank everyone wholeheartedly for all the efforts which correspond to imparting this invaluable education free of cost.
I think that any college also would not be this great.
I am not into trading as occupation but just the anxiety to learn took me here & will try to keep learning whenever I get time from my shoots.
Today is also special for me as after understanding the JNSAR method I have downloaded the TT file for the 1st time & also succeeded in updating the same and profited on
the very 1st day.
I will be troubling the seniors to clear my doubts as & when I have them & I trust that I will be able to get guidance from the prophets of TA here.
There is JNSAR, J10SAR & PIVOT together in the TT that Illango sir posts but in the TT sheet that I downloaded there is J10SAR but PIVOT is there in a different columnbut I could not find JNSAR. I do not know if I am being foolish but seniors please let me know if this is the case.
It will take me lot more time to get dedicated to this method so at times my questions will be a bit stupid & hope that seniors will forgive me for such questions.
Thanks again for this Bible of trading.
Aarkay
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