Support & Resistances for the day :-Support :- 5305-5280Resistance :- 5364-5438Current Trend :- UP ( OverBought )Strategy:-Initiate long near support area with small SL.Possible Movements:-1. 5335< = > 5364< = >5305< = > 5401 < = > 54382. 5335< = > 5364< = > 5401 < = > 54383.5335< = > 5364< = >5305< = > 5280 < = > 5237Happy disciplined trading to all.Have a nice day!
NIFTY OPTIDX Open Interest at 10 -> CLICK HERE
Morning ilango ji,Slightly against trend, but small doubt..MnHiEMA, ST wave channel & LT/f UTL from 6339-5630 all crowding @ 5345-5375 areaWud it be prudent to attempt a Intra-day short if Hr Closes < HiEMA @ say 11AM ??
@ shriram,A valid aggressive trade for intraday.
Right sir, tks for the super-fast reply :-)
Goodmorning master You had taught that Lead indicator can be taken as working if the nifty value is below HHEMA.Can we go short now as per that ?
Good Morning Master and copy to All
@ Manish,For intraday trading, one needs to watch out for various set ups.One set up that presented was the "Channel resistance". That is the place to sell for Intraday.Trend is still up.Prices could stay sideways and complete the correction.There are so many strategies like ORB, pivot trading, divergences trading, etc..Only years experience will prepare you for "choosing the appropriate strategy" for intraday.Until then, positional trading is the best option for which we update:Conservative trade&JNSAR trading.
Fine master.Thanks and Regards Always !!!
MASTER EXCLLENT REPLY TO YESTERDAYS LOSS OF CONFIDENCE-POSTED query 0n 07 aug master today U gave 2 hints sl 5316 and unwinding 5400 ce but it was to late for me. because today market at no pt of time showed weakness as per tt charts in hrly nifty opened above all pivot never came below hrly high ema Was always above 5ema so why every body was looking for weakness, so was I. Why we all were not buying instead every body was mentioning of some figure that market will show weakness and i was also doing the same from this level or this level . I asked this question to myself what master has to say pl reply cause it will GIVE US faith /RECONFIRM ARE FAITH ON CHARTS BECAUSE TODAY resistance figures when flashing on screen i went for shorting to get stopped out cause i found same for most who did not follow charts ,MASTER/AL SENIORS PL REPLY
''Only years experience will prepare you for "choosing the appropriate strategy" for intraday.Until then, positional trading is the best option for which we update:Conservative trade&JNSAR trading.''wah sirji. all readers of this blog shud never forget. time to time i also forget..
Dear Sriramji: GM .. what would be sl for this trade..Thanking you
Dr sir good morning. I m long in bank nifty. What to do now
Dear Ilango Sir & Blogmates,OI Table Update at 11:00 AM, VAH : 5366, POC : 5347, Pivot : 5337 and VWAP : 5360Thanks & Regards
Stochastic cross over seen in 60 mnts. Nf chart
hi atharva,no chance to enter @ 11:00, as we closed > Hr HiEMAIf we close below < HrHiEMA @ 12:00noon, SL wud be 20 pts
Arun kumar sharmadont know from where you picked long (10300 or today morning 10680)If you are long from 10300 just sit tight
@shriram,Wud it be prudent to attempt a Intra-day short if Hr Closes < HiEMA @ say 11AM ??Would appreciate if you write levels instead of HiEMA, as it becomes difficult to keep track of EMA values.Thanks
@Sriramji : HO samzale..dhanyavad...
@ Nilesh,Dev. HrHIEMA for 12 noon is presently @ 5350 @ atharva: maja kar :-)
Dr sirfrom 10550
last hour candle was dragon doji.....
sir ji,how to arrive at tgtsbased on JUST PRICE
read as dragon fly.......
Good morning MasterGood morning AllGrinder Switched . Grinding till 12.30No hourly closing below HHema. No short.
if n-s today's high not taken out then expect to fall below 5338
@Suresh If high not taken low will be taken.Is it ?
@ Sureshif n-s today's high not taken out then expect to fall below 5338GREAT OBSERVATION
Shriram JI Good morning Thanks for your mail. I started to follow the systematic trading as you mentioned. Thank you so much. And now I getting confidence slowly.
yes : ns <5347 can touch t1=5325
nilāñjana-samābhāsaṃ ravi-putraṃ yamāgrajam,chāyā-mārtāṇḍa-saṃbhūtaṃ taṃ namāmi śanaiścaramshhhh - today is "8th" shri'jis no. hence the sloga apart from that nothing :) Shriram - ji - hi hi hi..nothing but remembering something of yesterday's... :DTrading discipline/patience/self control =1) Sir 2) DR-ji and Jai Shriram any last digit no. is there in maths?? - that's ME :):D Have a good day to all
@masterthough you wrote beautiful note on trading psychology in pre-market....instead of sitting tight people finding shorting opportunity.....u are really great...u can also read minds like markets.....a bow to you. thanks. after reading your note i am sitting tight with last lot..instead of shorting. thanks again. u saved me.
AS per Pre-market view there was the channel resistence near 5361. One could initiate short around 9.45-9.50 am as there was 4 5min cadles struggling to move up with Mini SL.
@ suresh,If you follow "just Price", you don't calculate targets butYou follow prices with a simple trendline or channel.ORFollow prices with Higher highs and higher lows in uptrend and lower high and lower low in downtrend.
humble request all follow charts stop predicating because somebody will be right let chart do talking
It seems to be a "Flat correction". In such a case, it would retrace towards the high again( could even make another high) and correct down.Weakness will be below HHema/ MHEma(5350)
Ek baar 1 Train achanak patri se utar gayi,Kheton mein idhar udhar jaane lagi aur fir wapas patri par aa gayi.Railway walon ne driver Santa pe enquiry bithai ...Puchha ki kya hua. . .Santa: "Ek aadmi patri par khada tha aur hat hi nahi raha tha".Officer to Santa :- Pagal ho kya?1 admi ke liye tumne sare passengers ki zindagijokhim mein daal di?Us 1 aadmi ko kuchal dena tha !!!"Santa: "Main wahi to karne jaa raha tha ki achanak wo patrise utar kar kheton mein idhar udhar bhagne lagaor fir mene b train uski taraf ghuma di
now any body wants follow this is a hint
dr sir excellent
Good Afternoon ILango sir & everyone!Dear D R Ji! ROFL, lovely joke:)Prayers, dreams & seeds are similar in nature. All these three have nothing within but have vast potential of creating everything.....
Dear suja:Today is Wednesday. Lets invoke "budha"'s name thru this verse & pray he showers his blessing & guidance on us today :-)"Devanaam ch, rushinaam ch, gurm kanchana sanibhamm,buddhibhuootam tri-lokesham, tam namaami brihaspatim "
Shriram, that is for Guru[Brihaspathi]. 'Priyanku..........'
@ DRPranam Sir. What is the meaning?LV
oops.. tks badri , tats for tomo :-) Prayer for today stands revised thus "Priyangukalika-shaamam, roopena pratimam budhamsoumyam soumya gunopetam, tam budham pranamamyaham" !
New Post Done.