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...
86 comments:
expiry rate 5118
Dear Jigs
sorry, i am unable to take part in expiry contest since
my software is not working.
but my guess is that it Jan expiry will be at 5170.
thanks
Illango ji,
Small doubt :-)
In a wave channel, is price action always LTD within the 2 lines?
Can all sub fracs of a IMPULSE or CORECTIVE always be drawn within channels?
urs
SMO
DR sir,
my system giving sl for now 5080 and showing some profit booking here so i expect it,s will come near and close 5095.
Expiry 5175........cluster resistance and since FII's have already rolled over to next series with probable long build-up.
friends: BB squeeze again in 30 min charts. get ready for bombastic move.
@Ram Charan: Bombastic move means ... up/Down?
Expiry close to @5148 - Avg. traded price
@ramcharan
Plz post bbtop and bottom at 2.30 if possible
==========================================
Expiry @ 6152.82. Upper circuit freeze.
==========================================
Dr Manmohan Singh resigns as P.M.
Anna Hazare made the new P.M.
@RGSIR
whats 2.30 factor? Today
will tell after it happens
As there is still room left for NF O.I. addition ,nothing would be that much dramatic move either side from here so Exipry guess 5150
@nifty
If MMS resign then definitly market will celebrate independance day. I think whole india will celebrate independance day :-)
a - C = 37 points
b-C terminated @ 5144
c - C = 37 1.62 = 5204
@Sir,
A small request, can you please do a pattern comparision (specially w.r.t. gaps) in the market that moved from Low = 5690 (26Nov'10) to High = 6181 (04Jan'11), which you termed as an a-b-c?
Regards,
Rajib
So it will be Independence day and republic day back to back...
@kiran
Lol
what is meaning of expiry day rollover / turnover that they talk on cnbc. can anyone ppls explain
nifty said...
==========================================
Expiry @ 6152.82.
:D :D :D :D :D :D D:
standing ovation 2 u
http://www.tonyawards.com/images/pics/large/b_Memphis-Talk-Back-030.jpg
Jiigs - ga :) Devagowda "slept well" whenever he wants but out MMS can't :( pity . y india will celebrate??
as most of the people donno whether he is there in the post or not :P
jignesh: 5167 and 5115.
are we seeing 2:30 +ve factor?
@sujatha
Roflol
Like DRSIR said standing ovation 2 u
seems nifty moved up to take sl of intraday shorts
abv prev days hi 0e5168
Thanks ramcharan. Its trading abv BBTOP
expiry @5150 as gann verticle and horizontal
points are 5130 & 5166 and since nifty is moving
between them so i guess expiry @5150
Contest already over....
BN not able to break though 9880 ...
Voting lines closes
Now tie up your seat belts with fingers on keyboard
Now what to do?
http://4.bp.blogspot.com/_pwlCFGxV2M0/TEms46LNXHI/AAAAAAAAI6U/D29zI_kJ6Tk/s1600/Bull+and+Bear+cartoon.gif
"Voting lines closes" by DR
yeah me too late entry hence "chup" by the way anybody bet sensex will gain another 150++ from here then
nifty may close high or else bit relief for bears.
@ Jiignesh
Pls check your mailbox.
Sujatha Sis
dont worry
You can guess we will give you wild card entry :D
last 30 min ..30points either side
@hitendra,
Bank nifty agni level is 9893.
hence it was not able to stand there even for 2-3min.
LEt me get in
it will be below 5100
@DRSIR :-) wild card entry
again missing PM???
Time for basket order, be alert:)
Wha's the agni level?
FOMC meet, Fed rate decision, Market at it’s high, All positional shorts are being thrown away from system since morning.What a good or bad combination to go on a holiday?
DR-ji - u r wrong .. u hv not given wild card entry to me instead "given to INDEX" :P :P kya badmashhhhhhhhhh
i don't want 2 break the rules. :)
only a bit relief is 20/50 MA cross over has not happened it has to happen if v want to resume the upmove. pls. check the chart from daily to monthly. v can ride the upmove cautiously???
Sir - pls. clarify is it worth..as far as i know this crossover will happen "very rarely"
expiry prayer - OMG OMG close below 5140/45 levels. thanks n advance.
PS : Our JN-mates will "fill ur hundi" on behalf of me :) :D
@Kumar Sir
What is basket order?
@ Sujatha,
20Dma has moved above 50Dma two days ago.
@ SUjatha,
Such an effort by the market creates exhaustion for a pause.
Agni level is being worked out based
on the formula given by Kamolikav indicator
Sir - the crossover in the daily charts????tks n advance
Sujatha - why 5140/45?
5172 to 5150 in just 10 mins....
aha aha ahaaaaaa... GOD is listening??? friends please fill the "hundi" or else god will punish you ... lol
Dear deemis!
Basket order mostly happens on expiry day, here is the link:
http://www.investopedia.com/terms/b/baskettrade.asp#axzz1kSfrgKZZ
Dear Sujatha!
20/50 happened but 20/100 still not...if i am not wrong:)
Lol sujatha
"5150-5170" cluster resistance, being such a strong resistance, should hold fort atleast for a day at the minimum. That is respecting a resistance especially after many days of uptrend.
Earlier cluster @ 4910-40 got cleared smoothly as the market was just warming up then.
Hitendra - check nov month
Prayer - OMG OMG stop the bulls and bring me "Nov. month
scene" :) thanks and pranams in advance.January 25, 2012 9:43 AM
every1 expecting volatility due to expiry
but in markets least expected happens
hence proved
Commodity trader's keep in mind today's fed's interest rate decision.
Dear Kumar,
Highest cash volume trade for the day bet.5165 & 5173 betw.3 & 3.02 PM.But at present it looks ..Denied firmly…For today, from here onwards further new high, would be nothing but shall spoil the short term technical values..
Sir & Kumar sir - thanks a ton for the timely posting.
Kumar - can't understand this "basket selling" :P know only my basket "only vegetables and fruits" :)
Dear Jiignesh, wht will b the effect of interest rate on commodities??
Plz explain..Thanks
Dear Sujatha!
Its good that u dont understand Basket selling, either you will sell ur basket & buy put or call:)
40 week MA is 5177????
Dare can you explain more about AGNI level calculation?
BN in discount?
“Where the mind is without fear and the head is held high…
…into that heaven of freedom, My Father, let my country awake…”
-Rabindranath Tagore
May you soar high in
The realm of freedom…
Happy Republic Day…!!!
Dear Sujatha!
Dont worry, my 5175 saved so now FOMC will do rest. If God & operator are kind to me then 4950 in next week only:)
@bizagra
Master taught as follow price only.
Forget effect trade with level....
BN Jan in Premium and BN Feb in Discount.
bye all
phir milenge chalte chalte
wish to see a gap down on friday
@sandy,
give me some time to prepare a note on this
... will be back with post.
Good 13 lac O.I. addition in NF in last 30minutes,when Nifty drifted from 5173… Total addition for the day comes to almost 45lac,when Nifty looks now tired … Let us see now as the expiry game is over, from here onwards how much and how long Bulls shall able to hold it @ higher end….
HAPPY REPUBLIC DAY TO MASTER AND
ALL FRIENDS AND
THEIR FAMILY MEMBERS
rock said...
expiry vil be at 5156...nifty moving average 36 point per
day during these day..
January 25, 2012 1:10 PM
Thanks Dare
Bye Sir and all blog mates
Congrats Rock
Congrats to the winner, wishing you all a very Happy Republic day in advance....enjoy the day & take care:)
expiry @ 5158 missed 8 points from guessing of 5150
dare said...
Agni level is being worked out based
on the formula given by Kamolikav indicator
Lolzzzzzzzzzzz
No body could dare to understand that XL sheet
Now I understood why your ID is Dare
(Kamolikav) She is he (Mr. SN Vaish)
Dear Jiignesh i was asking abt effect of FOMC on commodities..
nifty closed @ 5152, indicated to close around 5150
HH-HL trade - Nothing new. Still long. DHEma is 5097.
So any short only below that.
@bizagra
http://www.safehaven.com/article/4974
Freedom in Mind,Faith in words,Pride in Heart,Memories in souls,Let's salute the nation on Happy Republic Day,Proude to be indian citizens.
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