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...
43 comments:
hi Ilango sir
please give me the link of live India vix chart.
nifty rider said...
X 5033
A 5244
B 5166
C 5372
D 5295( till now)
E pending...
Good Morning Ilango Sir and Blog mates.
Aggressive Trade <<< 5255 << 5315-25 -- 5350 -- 5365-5385 >> 5405 ++ what does it mean?
Does it mean, buy at 5315-25 and stop loss at 5255 for the target of 5365-5385 as the ST is UP. Then what about the short. Kindly clear my doubt.
Today's Supports & Resistances :-
Support :-5300-5319
Resistance :- 5338-5370
Current Trend :- UP But Turning Down.
Strategy:-
If sustaining above 5300.
Initiate long near support area with small SL.
If sustaning below 5300
Initiate short with small SL.
Possible Movements:-
1. 5319< = >5300< = >5269 < = > 5227< = > 5200
2. 5319< = >5300 < = > 5338< = > 5369< = > 5411
Happy disciplined trading to all.
Have a nice day!
India VIX LIVE:
http://www.google.com/finance?q=NSE%3AINDIAVIX
@ sanyasho,
Aggressive trade are meant for "Intraday".
Pink no: in the middle is the pivot, strength above and weakness below it.
Red nos: resistances
Green nos: Supports.
For friday, we had
Pivot @ 5335
Res: 5365-80
Supp: 5285-95.
High made 5330.
Low made 5294.
For Today:
Trade: <<<5255 <> 5385++.
Opened above 5315, held the same with a low @ 5314.
Presently it means strength to move to resistances.
If it breaks 5315, it could move lower towards supports.
@master
nice change in TT. now no need to "open in new tab" to read fonts clearly. but sir dont remove hourly lead indicator please. thanks.
clear explanation. that is what myself needs. keep it please for persons like us.
thanks
sir
for last few hours nifty reaches 5330 and comes down so suppose this hour or next hour it again move past 5330 so how would we know this is not a false breakout.
Dear Ilango,
Good Morning. The charts looks nice and more clear. But was there any particular reason that you took out EW labels????
Thanks and Regards
kindly clear a doubt ,, Are we in 1st wave of 5th of c cave right now of correction as B ended at 5033? Is reading is correct , sorry if fullish as learning EW
master the best part of u is simplicity n to the pt answering
Sir ,
#Vix
How do we co relate the Vix chart and daily price moves ?
As of now I understand that , as VIX rises bearish sentiment increases and vice versa.
Based on that assumption today Vix chart shows increment compared to last trading day ..so would it be right interpretation that there is a bearish sentiment today ?
If you can explain the co relation would be helpful. Is there any range for bullish and bearish sentiment .
I guess ilango ji took out the EW counts is coz he wants to demonstrate that profitable trading can be done only using simple TL/channels and trend following as states in premarket update.
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00 AM, VAH : 5347, VAL : 5327, Pivot : 5342, and VWAP : 5341
Thanks & Regards
good morning sir and all friends.
Aggressive trade Levels:
Supports:5255-(Below)5280-5295
Pivot:5315
Resistances:5345-5360(Above)-5385++
VIX works well on higher time frame. Not reliable for intraday.
Waquar sir
correction
profitable trading can also be done by using simple TL/channels and trend following
Sir i want track sbin or other stocks chart on google.
is it possible?
Thanks in advance sir.
Good morning Master
INFY going up up up
sir
after breaking the downward trend line from 3778 nifty is moving sideways does this reduce the relevance of that trend line.
@prakash-pol
yes.but NIFTY is not moving. i think its gathering strength for HANUMAN kudka.....!!!!
@ cooldent,
yea thats what i meant too, mobile se type karra tha lost track in between :-P btw thnks for the correction...
sir please reply.
Master,
Please add hourly lead indicator on above chart.
Thanks.
we are at mid-point crisis....anything can happen this hour...sit tight...with JNSAR. thanks.
@ MASTER
Fast rise setup for hrly chart if we look for 21 & 34 SMA ,, do we have such possibility ??
How many days nifty can afford to trade in a narrow range?
When most of the major shares including some index heavy weights are trading much below their one/two months high (Bharti, SBI, RelCap etc), how nifty can remain at its one/two months high??
Having scaled almost 300 points in a month despite major shares falling during the period, can nifty continue further rise???
Logically, nifty has an easy target of 5090 in this expiry......
Waquar
Aquarium fishes are a hobby?
Ive some Discus at my place :)
fight is on between 5400 and 5300 strike prices
bears are active in 5400
and bulls fighting hard to protect 5300.
Am I right ?
Good morning all! 5 min triangle, yesterday NR4, 5330.10 break is what I look for..
small bullish WW pattern developing in BN charts
pt6--trgt 10360(cash) near 1.30pm
pt 5 will form below 10300
@cooldent,
Yea have been an aquarium enthusiast since more than 3 yrs now, had all kinds of fishes, discus too at one point, but now i only have a single male flowerhorn, thinking of getting one female for breeding purpose...
Nifty lost its steam. NF premium reduced 10 points
With great rangebound markets, comes great momentum movws. - said spiderman trader! :D
read moves instead of movws.
New Post Done.
........................................
("5310" would now break the channel.)
Today also a TL support buy will occur around 5305
Holding TL sup UP move possible
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