Wednesday, October 31, 2012

Nifty Intraday Update-II


24 comments:

J.R.Julius said...

As Market is Grinding - I just share my thoughts/great lesson learnt from the years for the new traders.

Trade Stress/Block - When it will Happen?

1# Not have backtested Strategy.
One should have simple strategy like SAR for positional & Trendline/Sup/Res/Pivot based for Intraday. Without a Map one can never earn consistently.

2# Watching Multiple Indicators/Data
It will simply destroy the discipline of your trading career. Multiple Inputs/Watching Others Map/Opinions/Ideas/Indicators/*NEWS make doubts in your own Map. It will create a Mental Block and you will automatically Ignore your strategy entry.

Solution:
1# Always Have 4 NUMBERS in Mind. (1)Entry (2)Part Booking (3)Exit & (4)Stoploss.

2# When ever read others opinion/Indicator/anything take it lightly with educative mindset. After Market Analyse/Study anything but during the trading focus on your MAP.

3# Never search for better MAP surely it will increase the distance of your winning.

MAP is Everything....

Keep Faith in Your Map....

Get Rich Slowly and Quietly....

rajapvt said...

@Julius: Well said sir... Plan your trade and trade as per plan....

Prabakar said...

NIFTY OPTIDX Open Interest at 12 -> CLICK HERE

Ilango said...

Below 5585-90, 5545 would beckon it.

gauresh59 said...

@ J.R.Julius,

That is what Three Monkey Disciplinary Rules of Mahatma Gandhiji.......If you follow them, definitely get good return sooner or later......

CDG said...

First supports (S1) is at 5562. A very good area to part book

SJkolkata said...

Huge Addition in Calls and addition in 5600PE but this addition is since day before yesterday from the levels of 45-50 and its more of buying addition by strong hands.
This put addition is making me more nervous and giving me hope for bigger correction cause same thing happened in September with 5200 calls.
Regards

Hari said...

Stochastic negative cross over seen in NF 60 minutes chart

Shradha Saburi said...

we are the rule makers, we are the only rule breakers!
this can happen in only INDIA

Abhi said...

Sir,

Hr close is happening above HrLowEma. Some pullback expected here now ?

Regards

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00 PM, VAH:5687, POC-5635, VAL-5620, WPOC:5708, Pivot:5657, VWAP:5627

More than 11 lacs added at 5700CE, which now look like a very good resistance for the Week, Bulls still holding on to 5600 level, 5662 is Monthly POC…

Thanks & Regards

Ilango said...

@ Abhi,

Week's 10sma/Ema(5571-81) if held, a bounce is likely to "attempt" a close above 5604 today.

As long as Hour close is below 21 Hrsma(presently 5638) & 34 Hr sma(presently 5658), Shorts are safe. Above those levels(decreasing each hour), reversal likelihood increases.

Ilango said...

1.00PM TT/ chart updated.

Ricky Albert said...

As per Federal bank technical research report one should go short in this counter. Federal bank is looking quite weak at current level and is expected to fall further. Positional traders can go short in Federal bank from current level for good gains.

Shradha Saburi said...

As per expectation nifty moves in a tight narrow range.

Sujatha said...

Julius - mm.. sariya mazhai..soodana vada, bonda, bajji yellam sappitukitte yosikirengalakkum :)

Parimal said...

Tata Motors can become a $30 bn company: Goldman recommends 'buy' with a trgt of Rs. 334.

Business Standard,

rajapvt said...

Bears trying hard to keep next hour JNSAR...

Shradha Saburi said...

some upward bias is developing, that's what I see
let us see!

J.R.Julius said...

@Sujatha
Market Grinding timla ethavathu share pannalamenu ninachu... :)


I expected retracement for 100pts fall to re-enter my shorts... it became narrow...


So just watching & waiting...

rajapvt said...

Nifty moving towards @Sujatha resell area...

rajapvt said...

Current hour controlled by bears,,,

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