oNifty closed below DHEma yesterday suggesting "Sell on rises". Now we need to know what is that "Rises". It could be 10-20 points above the DHEma that develops today or it could be a new high before a ST reversal sets in. Markets are suggesting a loss of momentum when they close below HEma. However, market can regain its momentum & continue to make highs for many days to come.
Once such a signal comes, you look for other weakening signals..first from Day & Hour.
Day TA, though in OB zone like Rsi & stochastics, haven't turned down & triggered and Hour TA, which was OB 10 hours ago(Rsi & stochastics), has corrected itself and poised for a reversal upwards.
Week/ Day trend being up, use such reversal points to make your long trades with 4790-95(34Hr sma)& Hour channel support as your SL.
Immediate target if Nifty breaches "4865-70" decisively would be 4910. Markets could "cool off" to around 4820-25 after an initial rush up.
Do not get fixated with any studies that you lose track of prices and patterns. Prices with their patterns are primary factors and all other studies are "guidelines". Only three rules that is unbreakable are listed under EW.
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...
55 comments:
Good Morning Master & Friends
Good morning friends
GoodMorning sir and All !
Good Morning Ilango Sir and Friends
BANK NIFTY Near resistance levels: CLICK HERE
Namaste Sir Ilango and all friends here
May the Supreme Lord grace us with peace, harmony and
prosperity at this blog!
have a nice trading day
Good Morning Master and all.
Namaste Ilango Guruji, GOOD MORNING to you & to all members of JN family..
Namaste Ilango Sir and fellow bloggers.
LV
SBI Chart Analysis: CLICK HERE
Good morning ☺ Ilango Sir and all blog mates
Sir
If one sold looking at the close below HLema , and if prices open gap up...
then One should wait for Hour close at 10:00 , or close the position looking at "ORB" or strictly wait for 10:00.
i like how we r baq to the old format of posts :)
master ilango and friends,
Good mORNING TO ALL
Good morning to all
r1 is 4865
Namaste Ilango sir and all,
A query to all tech savvy members:
Is there any option to extract data from ODIN client market watch screen to excel? I would be very grateful If anyone could help me out.
Good Morning Master and copy to All
Happy Lohari to All
http://www.commentsguru.com/images/lohri/happy_lohri_glitters.jpg
@ Smita,
Only when if prices are below DLEma, then HLEma becomes a selling point. If not, it is either a trading point or reversal point.
Wrt SL, I generally do not waste more than 20 points on any trade unless specific instances.
Thank you sir .
@ Satheesh
ODIN DIET meant for single user does not have facility to open market watch in EXCEL.
Only main ODIN is adaptable to MW in Excel.
orb pl
Satheesh,
Do you want live data or just once in a while? If possible you can start trading using NOW which is free trading software like ODIN and has got some beautiful features and one of them is getting RT data of market watch streaming into excel.
~~~~~~~~~~~~~~~~~~~~
Done Energy Exchange
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@Satheesh With Odin Diet.... you can do.. with Chartsdata..
rather I have never used Odin... but it is given in its
manuel.
Don't know weather it works with Odin Client or not.
ORB 4852--- 4868
thank u sir for detailed premarket. and ee done :-)
@Hitendra: 4852 <ORB> 4869
Thanks Sam
Sir Comment:
Immediate target if Nifty breaches "4865-70" decisively would be 4910. Markets could "cool off" to around 4820-25 after an initial rush up.
D/Ilango Sir,
Is it possible to make your statement as earlier in seperate
box ? regards
Thanks Jeetendra Mistry, Crorepathi and SAM.
@ Crorepathi - I would like to have RT data into excel. Can you give more details about NOW - Is it a software?
@ satheesh, i am not sure about odin but it is possible from mt4 pls check following link & bfd is giving us free nifty , stock charts on mt4.
http://www.metatrader4.com/forum/235
@ilango sir,
Missing green box around ur comments.
Possible fast rise in 5min BNF charts invalid below 8900 - 8880BNF
@satheesh
Its possible with Trade Tiger. If u tell me wt u want i can mail you
Good Morning.................
Its difficult find your comments without green box...
Please copy and paste comments above (with) your reply so we dont need tosearch more...Thanks
@ Satheesh,
Only way to have MW in Excel is to use ODIN meant for multiple clients.
You have to open it in "Arbitrage" mode, where RT data is available in Excel.
You can also add formulas in other columns of Excel.
Normally, such ODIN is available to registered sub-brokers or at office of main broker.
CAM H3/H4 is 4871/91
CAM L3/L4 is 4833/14.
@GD H Close... above HHEMA??
When I am scrolling down ..I am looking at left corner with a blue box , till the green box is back..
nse-now is the advance software from nationl stock exchange very fast terminal in Indian stock market
who is your broker?
I can do it for ODIN Diet also, but NOW has built in feature
~~~~~~~~~~~~~~~~~~~~
Done Energy Exchange
~~~~~~~~~~~~~~~~~~~~
Master till the green box problem sorted out
if you mark you posts
like Crorepathi
did
~~~~~~~~~~~~~~~~~~~~
Done Energy Exchange
~~~~~~~~~~~~~~~~~~~~
It will be easy for followers to find you posts
@Crorepathi
Whats the route to get in NOW...through sub broker...which one..???
Gm Sir and friends..EE Done.
Crorepathi
Plz ping me on gmail
@SAMIt closed @ 4853. HHema may 4854
GM master & blogmates,
Master what do u mean by trading point , it is the point to keep ur earlier position or not to go buy any buy or sell?
Namaste Ilango Sir And All.
New Post Done.
HHEma-HLEma trade - we finished 10AM below HHEma ( 4854 )
and above ( developing ) DHEma. So the short trade
from 4812 is still active. But money management
folks can close if beyond their risk level.
@ cooldent - but I do not use Trade tigar
Crorepathi - can you give more details about NOW? If it is possible for you to do in ODIN please let me know the procedure involved.
We Offer commodity tips
, MCX tips, commodity trading, MCX trading tips, commodities tips, commodity trading tips, free commodity tips.
@ JM sir,
I do not have ODIN for multiple users.
Impulse from 4686 possibility -
4686 - 4759
4759 - 4723
4723 - 4877
4877 - 4804 ( did A & B legs and now trying the C leg to complete flat )
4804 - 4922 ????
Happy LOHRI
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