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...
48 comments:
Looks like it's aiming for weekly 30 SMA and back?? if sustains there + 15/20 pnts???
Oops. forgot. somebody following here DLF, who's that gentleman?? cann u post ur opinion is it looking for 227 ++ or 201 to 208 again?? clue pls.
BN's intra chart is a good example of "Reading Oscillators"..
Dear Sujatha,
< Looks like it's aiming for weekly 30 SMA and back??>
Who knows? But one should not forget intra addition in Feb NF O.I. which is more than 27 lac now, when the actual movement for a day is almost of same points. i.e. more or less just 27points.Means though it will be too rough calculation but when it will drop from 5057-59 I lac buyers are on wrong side & vise versa for each intra point.:)
& Forget to add one more that आम तौर पे मै ज्यादा दिमाग चलाते नहीं बैठता!क्यों की रंग कभी झूठा नहीं होता !जो भी असलियत है वो सामने दिखता ही है!और उछल कूद में भी वो अपनी असलियतसे कभी नहीं हटता !
Dear FIRE Sir!
Kolkatta wale Katl Bhi Karte Hain to Charcha Nahi Hota,
Dilli wale Aah Bhi Bharte Hai to Ho Jate Hain Badnaam:)
Why this kolavari leg pulling di???
Dear Kumar,
Very true.Even I have also heard only once.In Himachal Fut.day’s only :)
mynac - thanks for ur views. y this kolaveri upside in overstretched mkt also. hence
diverted my mind to "stock specific" huh. there too failuresas most of the stocks near and abv 50 sma/89 ema UBB level etc.,not able to buy anything :P selected some stocks and keeping n hand if anydownmove comes
will shift there. donno which flag "subba rao will hoist?? :P how long it will grind and move upside?? maximum period of "grinding" anybody knows or experienced can post here :):D who's in long time market
@Mynac, There is big volume trade of 30L at NS 5039
What it may indicate from your point of view. looks like
The expiry may end with price near 5000 +/- 10 points.
Dear Mynac!
Thanx for sharing ur experience. Biggest money makers belong to Kolkatta but they are silently digesting all money from retail but they dont share their trades now:)
Dear Sujatha,
No… not at kolaveri ..It is just observation.. ready for both side journey.
Dear Tigar,
< looks like The expiry may end with price near 5000 +/- 10 points.>
Not yet so sure about the same…
All rises r being sold into & if u see 30 mins chart, Lower Highs being formed ....
Dear Tigar,
And very true, the biggest intra volume trade has its own importance which took place @ 12.21PM @ 5038 (Cash) let us watch.
bnf nr lower end.
@shriram,
In this step up - consolidate - step up cycle, the
consolidation phase always seems like selling. But
unless we change trend in higher TFs, just not worth
it. My 2 cents. ( burnt too many times trying to time
tops and bottoms ).
seems when Bharti moves up nifty find difficult
to move up
We have a RBI event ahead. There may be a pump or dump false move today. People who do not hold any position, be careful and don’t get trapped.
Mynac,
as far as open of 5025.35,
I dont see much fall.
Aye ji O ji
give me one Gravestone doji
http://www.onlinetradingconcepts.com/images/candlesticks/GraveStoneDojiPic.gif
yup tks GD,
Am jus observing the price.. All trades to be triggered soley based on close above below Hi-lo EMAs for now!
V clear intruction given to neurons in the brain :-)
@DRSIR
Lol
@kumarsir
Kolkatta walo ko paise ginne wale logo ki jarurat padti hogi, mere liye sifarish kar dena
Dear Hitendra,
I am also not expecting “big” fall from here, nevertheless just pointing out the fact for a day.Feb NF O.I. just 1.57 CR.means still scope for atleast 50lac addition is still there up to expity,but market is looking slightly stretched here.Nothing,beyond …& market is supreme so it will decide it’s own journey… so simple…
@Kumar Sir .... Kolkatawale Aur Kitna Digest Karege.:)D
13/34 crossover in daily. Usually very bullish. Last time
when we ran to 5400, we had that crossover and a 200 pt gap up
day after diwali.
Celebrating "Brokers DAY" today.
@Mynac, Today NF shows low volume.
Is it a indication of reversal???
Market waiting for SUBBU day.
Tomorrow SUBBU will decide everything
Delhiwalon ko khabar kya/ loss kya cheez hai,
Kolkatta aiye phir samajhie/Novice hona kya cheez hai... :D
3 PM.
5053.10
DR sir, aap dr saab ka camp mein kab gaya?
bank nifty consolidating in triangle pattern after
sharp upmove
can this be 4th wave and 5th is pending
EW specilat can throw more light on it
@fire
Wah wah wah
Dear Tigar,
Generally I used to track nearest 200 +_ PE & CE for the probable undertone of the market. As per my thinking, the reflection of the move,if there is any, is generally there prior to that move.Still there is not that much writing evidence in next series,there so can not say so yet. At present Bulls cannot afford Nifty below 5030 & towards 5100 as Dear ilango told the reason for the same in the morning.In Marathi,
अवघड जागेचे दुखणे होऊन बसले आहे.धरल तर चावतंय ,सोडलं तर पळतंय :)
BNF HAS FEAR OF RBI POLICY?
Bichhad Gaya Har Sathi dekar Pal Do Pal Ka Sath,
Kisko fursat Hai Jo Thaame Deewane Ka Hath.
Humko Apna Saaya Tak Aqsar Bezaar Mila Humne To Jab...
http://www.youtube.com/watch?v=dx4KhBZ-Qbk&feature=fvst
@kumarsir
wah wah
as expected Tommorrow RBI may not cut the rates
but any optimistic guidance on rate cut to start
from march/april can see a sharp upmove in markets
inverse of INFY result day
4 times bank nifty tested 9505-15 range
Thanks Mynac for sharing your view.
Dear Jignesh!
I moved ur application also to Kolkatta's operators for cash counting. They assured me to take both of us after expiry:)
Dear D R Ji!
Gravestone doji almost formed in Bank Nifty, why not forming in Nifty...why this Kolavari di?
wish to see bank nifty in 5 digits
Thank you kumarsir.
2 paise kama lenge
Drji..is it really gravestone doji? Because we gapped down today and then went up. Shouldnt the upper wick be really long?
bye all
phir milenge chalte chalte
Bye Sir and all blog mates
BYE BYE ALL. Happy Brokers DAY.
RC in BN its almost GSD
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