Sir, although you are against the concept of calls in the market......can there not be a colour code somewhere here......which tells us whether your current position in the market is Green or Red...........only that much.....I mean most of the time we traders look like 2 headed Hydra ...looking both north and south
@ Ostrichtrader,Following is the reason for suggesting "Sell on rises" in Pre-Mkt:Last week's close signaled a "Sell on rise" in week T/F.And "intra-week", Nifty rose closer to the highs and offered that opportunity yesterday.This new signal "slipped out of an objective mind".And now the day T/F has not only closed below HEma but also below DEma. As the ranges narrow down, whipsaws would be many in the signals.The triangle resistance is @ 5912.73.6% & 80% of the fall from 5931 to 5865 is @ "5914 & 5918".These are observations from which you must make your trading plan.Trade smart with Supports and Resistances till the range is resolved.
Good after noon Master @ all blog mates : BN already trading below PSC..@ PSL..NS is still holding ..
Operator is watching Dabangg 2...........respooling Favicol song........
@juliusin 30 min chart that bar is maribozu in 10-10.30 bar. if low of bullish maribozu breaks its bearishposted a query abt nf/ns for u
Master, In fibo table, it should be 5865 to 5910(today high)? Also, as USDINR is falling today, does it indicate nifty will rise as both are inversly related. Any currency expert here kindly give ur view please?
Dear Ostrichtrader,Illango sir provides that view in "Trade table" in everyday's premarket view with different methods.1. Conservative ( with STLP ) accordingly Sir was long yesterday @5930 NF with STLP at 5840 Spot.2. Aggressive..mostly for intraday trades.3. JNSAR based trading.At critical juncture during the day..sir just provides updates for knowledge sharing.Raghavendra
tx.Raghavendra for the brief...:)
Good Afternoon Ilango Sir & SeniorsI couldn't mark my presence due to internet problem
the speed of the fall is not encouraging for the Bears.................i miss those 100 point down days.....I dare you Mr.Operator....gira ke dikha !!!!!!!
ilango sir can i buy 5800 put and 6000 call to get breakout of triangle
Dear Sir,ur call on for Wipro pl.if someone tracking, pl update.thnx in advance.
Knock Knock!Who’s there?Venice.Venice who?Venice the market falling?
sir ji,if spot is<5dema but future is > 5dema or even > 5d-hema of the same stock/index:pl advice course of action to be taken.thanks
e.g at present it applies to banknifty(s)and banknifty(f)
Hitendra,Am still a learner...but below is my analysis with help of moving averages (5,21,34 day TF), RSI and Faster retracement, patterns.1. Short term : Move from 390 to 366 took 6 days and move from 366 to 391 (Dec 20th) took 3 days. Its a faster retracement implying trend reversal to upward direction.2. All moving averages are perfectly aligned 5, 21,34,89. in descending order...supports are at 384,379,376 for buying opportunities.3. Ascending traingle pattern : 391-377 = 14 points, amove above 390 will take to 404 (390+14).4. Medium to long term : Seemingly a large inverse head and shoulder pattern...a break and close above 400 with volumes will take the stock to 450+...Parimal ji can add more to this.Raghavendra
Dinesh Rishi said... I REQUESTED GOD 2MAKE Ilango B HAPPY & HEALTHY 4EVER. GOD SAID 4DAYS ONLY. I=OK,SPRING,SUMMER,AUTUMN & WINTER DAYS. GOD=NO,ONLY 3DAYS. I SAID,OK. YESTERDAY,TODAY & TOMORROW. GOD=NO,ONLY 2DAYS. I=BRIGHT DAYS & NIGHT DAYS. GOD=NO,ONLY 1DAY. I SAID "EVERYDAY". GOD LAUGHED........ AGREED "OK". April 23, 2011 8:16 PM I dont know what to say for this DR's wish....its everybody's prayer....thanks DR sir its awesome quote i ever read....reg,saz
Thnxs Raghvendra.Wish view of Parimalji.
well said dr ji
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Thank you Hitendra and RaghavendraNF is still above 5DEMA. 10DSMA is trying to crossover 20DSMA. Day BB has narrowed very much, reflecting low VIX level. We should wait for resolution of 5900 level.
Parimalji,is nf view applicable to Wipro?i need ur view for Wipro.thnxs.
Hitendrafor last four sessions Wipro is holding above 200DMA, a significant level. seems some good upside coming. it may be due to some little respite in USDINR rate, INR gains a little.
Tata Steel struggled almost for 2 months to go above 200DMA. once above this line, it is ruling strong. same may be the case of Wipro also.
@parimaljitatasteel 200DMA is 412-413, now what??thanks.
Parimalji,is any other stock that is above but near to 200dma?
Bharti 200DMA is around 300, CMP 317.
AnmpatelTata Steel (future) is 427, holding above 200DMA for last nine sessions.
Parimalji,found the link.http://www.stockmarketmessages.com/dma/dmar.htm
New Post Done.
@parimaljiok, i was telling spot price 200 DMA.
In an ideal condition, if Tata Steel makes a Reflex Point (a correction from the present level), then 3rd wave may take it to greater height.