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...
32 comments:
open high same for NS 5391.25 for this hr , as per tradetiger :)
5 th hour close below HEMA...short safer....
sir as per EW have we finished 5 wave from 5033 at 5399 on 17th aug or we are in 5th wave.
Intraday weakness only below 5389, last hour low.
Hello Every one
Nifty 5800-5900 around Diwali because of US election after that Nifty crash up to 4700-4800 by Feb 2013 Budget..
@ shivanGupta,
The rise from 4531 is a corrective rally and a complex one.... having segments of price advances and declines:
4531 to 5630
5630 to 4770
4770 to XXXX - is currently on.
Within this rally, smaller segments are unfolding and 5's are missing but 3's are repeated.
Looks likes NS 5400 can be crossed only with gap up....
Ilango Sir,
For holding Day Channel nifty should close above 5385.
Based on this can we go short or long.
regards
Llango sir
i hv take conservitive short position @ 5390.
sholud i carry it for tomorrow ?
GA sir and friends :)
Sir - am out of net..by the way where is the "lead indicator"??? am i missing something. tks n advance. kindly update in the evening time permits.
Prabakar - from next week to sept. last week lot of "saturn jump" possible..check the world pending events.
Kiran - that's very good one .but it should close above 5386/93 EOD. very tough task like imagine "india without corruption" definitely this crossover will do "magic upside" so it's better to ........:P :(
@ Hemant Harke,
New evidence that has been updated thru Open Interest Updates have been suggesting "Bullishness".
FII's have been buyers in all days of this month.
Prices, though not able to cross 5400, haven't shown weakness below 5365-70 zone.
As a pure channel technique, it was a sell on Friday itself and fell to 5342 but other data such as FII's buy/ sell and OI table have been showing bullish bias and so do TT.
Thanks Ilango Sir
SHORT EXITED....loss 20 points..total loss 20 points
Nestle above 200DMA and set on fire -- up more than 150 intraday
Ilango ji, even though there was channle break at hourly and daily, still how was the uptrend still intact ??
NR4 broken upside
@ 78.6% Nifty around 5450-60, after that if A=C then 5610.
False break dekar fir se channel ke andar nifty ...
amol sharma sir , which book u use for studiying time series ,
Seniors pls guide
Master : any comments on expanding triangle ..broken on up side.
Hi Sujatha,
yes. nowadays it is more of "patience'aya namah" dyanam.
@ Waquar,
Being fixated with just one study would take us away from the "undercurrents".
Reading data such as FII, OI & TT is a "glancing efforts" but rewarding.
@Sujatha Sis,
Lead Indicator is @96
looking at open interest 5450-60 should be the top for this month.
Ilango ji,
Plz can u guide me towards any helpful site or to ur any previous writeup on how to interpret OI data,and incorporate it with my trading, i am an absolute novice in that field ..
Rising wedge pattern 60 tf
I m missing mynacs inputs regarding nf OI.
Bank nifty 10391 to 10511 wow
Good afternoon all. My foray into WW. hourly bearish WW 5 completed or near completion. tgt may take 1.5days near 5300.
Mynacs Sir
where are you ? Please please Join us every day.
I think looking at FII's buying should give a clear idea where nifty is heading.
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