"4857" was a = c and the same was done yesterday.
"4880"-R1; "4883"- 61.8%; "4889"-50Sma.
And if Nifty surpasses these, "4910-40" is a strong cluster resistance.
Break-outs are often accompanied by pull back. How much it pulls back & the quality of it (with volume/ breadth) would lead us further on.
50 comments:
Namaste Ilango Sir And All.
Gm sir and jn family
thanks for the wishes...you made my day wonderfull
thanks@kumar sir,dinesh rishi,satheesh,sujatha and jayaraman
hope birthday gift continues.......
Good Morning Ilango Sir and Friends
NIFTY Range Breakout: CLICK HERE
Good Morning Master & Friends,
Good Morning Sir and all blogmates.
Happy birthday Maxy.
Sir you have made my day. I feel blessed.
Thanks a ton.
HI Ilango , Good morning...
I am pure new in this blog.. and also in nifty trading..
I want lean Nifty technical analysis...
I love option trading.
Please help me.......
Good morning Sir and all friends. Belated Happy Birthday
to Maxy.
GM sir &friends
What a rally!Median channel targets are also 4885 -4910 zone where resistance at ML is seen.
Have a nice trading day...
Goodmorning Ilango sir and All!!
gm everyone.
Some fun stats -
I took Ilango sir's weekly numbers from 2005 and
backtested WHEma-WLEma trade setup.
Scenario 1 - No SL. Take trade when setup turns ( short when close below WLEma and long when
close above WHEma ). From 2005 till now, one made on average
200pts a year. 40% returns ( simple interest ). 37 trades in all.
Scenario 2 - No SL. Take trade when setup turns as above, but wait for a following week confirm and the closing price diff from WHEma ( or WLEma ) to be more than 50pts. Then the average per year is approx 650pts per year. More than 100% returns per year. 16 trades in all.
All you need to do is look at the market every friday at
3:00PM and make a decision.
Again, just fun stuff. Use your own judgement to trade.
Namaste Ilango Sir and fellow bloggers
LV
Namaste Ilango Guruji, GOOD MORNING to YOU & to all members of JN family..
Morning Sir..and everyone....
Gm Ilango sir and friends... With yesterday close nifty has touched upper BB in daily charts. Nifty is yet to touch mid bb in weekly(currently 4945). If nifty goes up, i guess one can expect wild swings intraday.
@ram
Nifty closed abv BB top after june 2011 first time (once at 5400)
Banknifty closed abv BB top after june 2011 first time.
Its like do or die for bulls now.
Good Morning....Guruji and JNFamily
Couple of close abv BB top is highly bullish sign and also weekly close abv mid BB
NF Open and Low..... 4805......
Ramakanth: Please wait for opportunities and read
fast fall, fast rise setup sections. DR is the best
doctor to give advice on options.
Good Morning Sir & Friends,
Pivot is trend decider till europe open.
sam,
see mini nifty.
high & open are same
Hi Ilango sir,plz clear my doubt.
Trend lines drawn from same levels in different time
frames show different breakouts in respective time
frames.Which one to confirm as a breakout?
Yes jigs. Above BB closing is highly bullish but i guess we will see equally wild intraday swings due to overbought position.
@Hitendra ....:)
Good morning ☺ Ilango Sir and all blog mates
@golfdude: Very good morning... Good work...
I think it is not sufficient points (200/650 points ) per year . Please backtest on daily basis also (Not hourly basis) like Scenario 1. Please post whenever you have time.
orb pl
GOLFDUDE=====Change Your Name===== BACKTESTDUDE (BTD)
4841-4864
GD,
Fantastic Stats and really cool...opens up a new dimension of investing for HNI. Thanks!
Ramakanth: You may get response from other option players.
GolfDude: Traded in real time and the returns 59% for
12K capital, from 24 Nov 11 to 06 Jan 12. Not traded
in all trades, but selected trades and no SL hit any
of the trade. 364 Points gained in almost 45 calendar
days.
Cooldent,
thanks
@San: Please check my yesterday's mail whenever time permits you.. Thank you..
More fun...gold prices from 1265AD...
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/01/Gold%20Long-Term.jpg
@rajapvt,
What system did you use for trading ? Not clear.
GD
jst trying to understand.
If friday closing above 4829 then long and vice versa is it?
@cooldent,
What is 4829 ? I see developing WHEma as 4871. If Fri
close above 4871, then long. Else hold on to the
previous short.
GM Everybody
@ SAM
Posted one comment pls check.
Thanks
@cooldent: I think WHEma is 4864
Nifty has chosen "4864"-WHEma for the "Pause".
after reached retrachment level what is the next level for nifty?
Good morning Ilango sir and friends.
From day traders point of view NF addition up to 5 lac O.I & O-H same for the day. I would not prefer this data much favorable for any “immediate” further up move from here onwards for the day. Let us see.
Golfdude....
These backtesting results are not funny stats...
but a serious ones..
Just decide to follow the system and seat tight...
you will get much better results...always higher than
any investment either market/mutual fund or say realty.
Thanks for sharing...
HI, GM ILANGO SIR, CAN ANY BODY TELL ME TODAY,S HIGH LOW PRICE OF NF..IN ODIN SHOWING 4875 & 4805 BUT TT SHOWING 4872.95 OPEN HIGH SAME AND 4851.5 LOW..
@GD
sorry was looking at old sheet. yeah got it. Thanks
And very close High Volume trade @ 4852 to it’s current day Top in the beginning.
New Post Done.
sir, what is the next level for nifty to upward?
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