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...
17 comments:
Good Eve
Test...
Illango sir,
If we observe Nifty day & 9-RSI chart, current downtrend RSI movement resembles fractal of the earlier fall from 5349 to 5033.
9 RSI fractals from 5630 to 4770 clearly was in a a-b-c EW movement, similarly moves from 5349 to 5033 & 5449 till date resemble an impulsing 5 in EW terms
Raghavendra
Good Evening Ilango sir.
Today's FII Derivative stats:
Index Fut--Sold worth Rs 741cr.
Index Options-- Bought worth Rs 853 cr.
Stock Fut--Sold worth Rs 278 cr.
Stock Options--Bought worth Rs 8 cr.
Thanks and Regards.
P.S. Today all the sectoral indices closed in Red.
@mynac,
Test starts today.
@mynac,
Test will start after some time.
@mynac what is this Test?
@SANPOT,
Test draw. that is Federal Reserve Chairman Ben Bernaanke said he would not rule out further bond purchases to boostgrowth. Bernanke said feb is ready to act when needed reversing market expectation on qe3.
@Nilesh Patil, thanks for the info.
after a speech by Federal Reserve Chairman Ben Bernanke on the expected lines, International markets have been trading firm.
Bernanke on Friday called the sluggish pace of job growth a "grave concern," reiterating that the Fed is prepared to do more to stimulate stronger growth.
we may expect a gap up opening on Monday.
Even if it rises upto 5340+..we can happily sell it as jnsar will take care..
Dear Nilesh,
Due to extensive power cut could not participate today's downward rally,but happy to see 5240,which was "chotisi asha" if fall extends below 5280....5240 is weekly support so hope so,if not reversal then at-least bounce back would be there is wish at this moment.
Now two days are there for further scrutiny :)
Till then Good Night...
Hello Ilango sir, Dinesh sir and all friends. :-)
Ilango ji,
small doubt on the chart TLs being used to identify sub-wave 'd' in a rising triangular pattern ?
is it accurate to joing start of "a" @ 4770 & end of "b" @ 5033 , & extrapolate to get "d" ??
Y limit possiblity to a wedge, the rise cud also take the shape of an Expanding Trig., isnt it, sir ?
blogmates, are you able to do EE?
odd time, may be i will check tomorrow morning
Namaste Ilango Sir & Blogmates,
(Bearish: The first day of the series saw huge downside momentum with Bears on the verge of taking control of the Option Table. A follow up action is still required to stamp authority... : Option Analysis for 31-08-2012
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Sanjay Kr Jaiswal
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