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...
16 comments:
@master..you have mentioned about cluster support yesterday (28th Aug 2012).Can you please enlighten more about what factors can contribute to cluster support. In my guess may be some previous days low.Would you be kind enough to educate me more on this.
@ gajendra,
Supports and Resistances
Good Evening Gurudev
Reliance JNSAR 743.72 is it right?
Good Evening Ilango Sir.
FII'S net buying in cash Rs 143cr.
DII'S net Selling in cash Rs 239.80cr.
FII'S DER STATS:
Sold Index Fut worth Rs 6.80cr, sold Index Options worth Rs 771cr.
Sold Stock Fut worth Rs 579cr and Stock Options worth Rs 6cr.
Among the sectoral indices only FMCG and Pharma closed in green while all others closed in Red, the worst hit being the Realty, Infra and Metals.
Thanks and regards.
Sir,Nifty today completed 38.2% Retracement of the Rise from 5032 to 5448.60. The next support comes at 5240 levels the 50 % Retracement and also the Gap area of 5246 and 5261 on 6th of AUG.
@ Bhushan,
There is an error in JNSAR for Nifty-50 STocks as today's data didn't get updated and I have some problem with home computer. Will update it tomorrow around 8.45 AM.
Sir,
Trend line support showing support at around 5200 .
Namaste Ilango Sir & Blogmates,
(Bearish to Neutral: Bears in full control just a day before expiry, but the 5300CE writers maybe in a spot of bother if open is positive....; Option Analysis for 29-08-2012
Dedicated Option Open Interest Blog
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
@ Master : for Day MACD At wat parameters i should set the indicator, say for Fast Avg Slow Avg and signal . i use the application Amibroker for EOD
A few hrly indicators (9RSI, 14RSI, STK, Lead Indicator are showing small positive divergence.
whereas, Day Smacd turned down, Day KST has negative crossover.
Good Evening Sir,
Master Reminder for RELIANCE INFRA...
RIL has formed a descending triangle pattern on daily chart. support comes at 775-6.
llango sir and my friends
Good night and have a sound sleep.
Dear Sanjay Said....
Bearish to Neutral: Bears in full control just a day before expiry, but the 5300CE writers maybe in a spot of bother if open is positive....;
Very nice and to the point wording...because...
Today's High volume trade area was bet.5326 & 5337 i.e. bet.9.15 AM & 9.26 AM and bet.5286 & 5290 bet.3.04PM & 3.30PM (Hardly 4 points)and Considering "tomorrow" as last day of expiry,it matters...
If Nifty has "real hidden potential" to show further new top in this upward journey then Bulls would like to allow Nifty to go further down "wisely" to gather "material" @ further low level..because after expiry it will be easy for them to keep Nifty up and above "Hawala price " thereafter,because chances of "Firm" positive divergence would be more, otherwise considering hrly almost oversold condition and other few factors,if Bulls shall try very much hard to lift Nifty from here only then who knows what role Weekly TA shall play for remaining series ??
Ghoda Aur maidan Amane Samne hai... so let us see...
Friends tomorrow
is expiry and lets have a contest here.
August Nifty Expiry Guessing Contest.
The rules are simple- There are only 3.
a) Just call out the series close for august nifty future.
b) No wild guess. A reason is must. Everyboday must give a expected close figure and reason for that.
no range (4000-4050) ,only one figure e.g.4000
c) You need to do it After 9.15 tomorrow and before 2.30.
Seniors plz contribute.
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