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...
18 comments:
Sir
I think only 3.3 completed at 5815
3.4 in progress not below 5525
hello friends
todays fall remind me of hanging man effect during rise from 4531-5638. after nifty form hanging man next day market fall JNSAR hit saved by just 10-15 point and from next day uptrend resumed. today also JNSAR saved by 21 points. lets see what happens on Monday.
@ anmpatel
Agree with you.But master says the trend is reversed.What say ?
at this time, SGX Nifty is at 5810, +31 points.
perhaps today's fall was engineered or triggered out of fright and if so, it may not be considered strictly as correction. however, we have to go by charts. we need to wait for Monday for clarity.
anmpatel. The way market traded after the drastic fall showed some confidence still left in bulls
@manish
master said trend is reversed.
but i am JNSAR trader, still holding last one lot long since gap up opening at 5320.
if you see TT then nifty is not close below DLEMA, 5DEMA is rising, if JNSAR hit on Monday which is 5703 then only i short. its my mechanical trading system which i learn from master. infact master told intraday that in spite of technical a JNSAR trader would have buy with 20 SL.
anything can happen in market my friend. thanks.
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Date 05-Oct-2012
Buy Value 6806.29
Sell Value 2454.3
Net Value 4351.99
Today's Nifty spot trade has created the largest hanging man we may ever witness.
My personal observation however, is that the Bulls will defy the hanging man yet again.
mkt is going only one direction these days.
there is a probability to go down severely.. .. macd divergence between 5630 and 5815..
and master also hinted negative divergence in rsi chart between the current subwaves end of 3rd and 5th.
Master & All,
Referring to NF chart.
Day TF :Bearish engulfing
Hr TF : Faster retracement of last 11 candles in just 2 candles.
Raghavendra
Nilesh Deshpande
right, a hanging man is being seen. but it is created in abnormal circumstances. and Sebi is inquiring into it!!!
even though there is negative divergence on day chart, i shall go by JNSAR number.
Rupee against Dollar may rise to a robust 50.
Govt. is doing some good work on reforms. more can come up.
RBI may cut CRR as well as interest rate in a couple of months.
yet, market is supreme. i shall follow its course.
One more LC :D
Namaste Ilango Sir & Blogmates,
(Bullish to Neutral: The Indian Stock market is on the mercy of a few hundred crores, which can tilt the index by a 900 points within a few seconds, investors need to be careful or else can get wiped out in a jiffy...: Option Analysis for 05-10-2012
Dedicated Option Open Interest Blog
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Dear Master
Thank you very much for sharing and this blog is very useful to who want to make money in stock market with peace.
Good Morning Ilango Sir and Friends
BANK Nifty Weekend update: CLICK HERE
sir in which method i use in MCX in intraday purpose.... i follow orb, ema rules. & sup resistance in equity trading..sir plss tell me in which formula i use in MCX..... IF FOLLOW ORB..so plss tell time frame 15min or 30 min or anything
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