Tuesday, February 26, 2013
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...
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
335 comments:
1 – 200 of 335 Newer› Newest»i bow down to you my dear master.thank you very much.
Ilango ji,
Just now saw the sad news. My deepest condolences. Hope you will have enough strength to go through the tough phase of the life.
Namaste Ilango Sir & Blogmates,
Bearish: This is what was said yesterday: “Another day of consolidation, but volatility is increasing, could see some huge fluctuation in the next few days. SMR above 20, stay cautious at lower levels”, Bears in control, but look to book most of your shorts or hold with strict SL… : Option Analysis for 26-02-2013
Dedicated Option Open Interest Blog
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Dear ILango Sir,
Really sad news, may God bless peace to departed soul & give strength to all family members.
Dear Prabhakar,
I could not see your comment yesterday, thanx for your kind words. Me & my team members are happy that we did a good job for someone's health. Hope, DIACARD will help the person.
Rgrds,
Kumar
Dear Master
I salute for your commitment to Just Nifty group.
Dear ILango Sir,
God bless you
Dear & Respected Sir,
Kindly Accept my heartfelt condolence
May the departed soul rest in peace.
Regards,
J.R.Julius
Ilangoji,just saw the news..Heartfelt condolences..Suresh
Ilango ji:- Really sorry to hear about the sudden demise in your family. May your brother's soul Rest in Peace. May the almighty give you strength at this testing time. God Bless.
Ohh God. Just now read the sad news. May his soul rest in peace. May God give more strength to Ilango Ji.
Ilango Sir,
I am shocked and saddened to know the great loss you are suffering in span of few weeks.
I Pray to Almighty to give strength to you and all your family members.
Dear Ilango Master,
Really sad to hear the news. Heartfelt condolences. May God bless peace to departed soul
sir ,just now saw the news..Heartfelt condolences.
Heart felt condolences Master ...May God give strength to you and your family members...RIP Master's brother
Dear Ilango sorry to learn.
May God give you all strength to bear the loss and peace to the soul.
Love you
LV
May God bless peace to departed soul & give strength to all family members.Accept our condolences
Namaste Ilango Sir And All.
May God bless peace to departed soul & give strength to all family members.
Heart felt condolences. May The Almighty bless peace to the departed soul and give strength to bear the loss.
Namaste Ilango Sir and blog friends.
LV
BANK NIFTY and HINDALCO Chart analysis: CLICK HERE
@Dinesh please provide me your mail id
Heartfelt condolence on your bereavement. May the almighty give you the strength in these tiring times
Thanks Master, you still took out time for an update.
Namaste Dear Master and all friends
have a nice trading day
amateur gap up= likely to be filled
Dear ILango Sir,
Heart felt condolences ,
may God bless peace to departed soul & give strength to all family members.
Good Morning Master and copy to All
Venkatesh, click on my profile from there on email ID rt click and copy it.
Good Morning to all.
If some one track KPL msg on VFM Direct,
then u may see the response of KPL to one chart in form of 300-400 points rally based on RSI study.
pl track & post the views.
Master ilango and friends,
Good morning to all
Just saw the news
Really sad news, may God bless peace to departed soul & give strength to all family members.
Regards
Good Morning Sir & All Friends.
Sir ILango ji and everyone good morning
Good morning master & JN family
Have a nice day !
Dear Ilango Sir
Please accept my deepest condolence to you and your family in the loss of your brother.
Heartfelt condolences for the sudden demise in your family.
price < w-Lema & < d-Lema:
what could the next dn tgt be
Dear Ilango Sir
Please accept my deepest condolence.
All the gains of the morning have evaporated ...
Hiten - chart posted in the thread
sujatha ji: pl reply
to if price < w-Lema & < d-Lema:
what could the next dn tgt be
Namasthe ilango sir and friends,
Today's quote received :
If you want to help the poor,
Give Them The Weapon Called EDUCATION…
& They Will Definitely WIN The War called POVERTY.....
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5787, S1-5736, ATP-5771, VWAP-5771
CE writers have started in right earnest and now 5800 looks impossible to scale for the day, with some aggressive writing at 5700CE…
Thanks & Regards
ns cmp 5778
5781 is immed res
if didnt sustain abv it then again may dip for a lower low below 5749
@DR Sir,
What about wave-4 and will you look for wave-5 at this time???
very strong addition in 5800ce near 14 lakhs so far
also a bullish WW may develop in nifty charts
possibly may dip once near 5740 levels and then may move up towards 5800-5820 ns levels near eod
Now BSE benchmark SENSEX 26.16 points gain at 19041.33 and NSE benchmark Nifty gain 3.30 points at 5764.65.
Nifty gainers today:- Bharti Airtel, LT, Reliance, Cipla, JP Associate, Axis bank, BHEL, ICICI bank.
Nifty losers today:- Ranbaxy, Gail, HCL tech, Tata motors, ONGC, Lupin, Dr.Reddy’s, Hero MotoCrop.
Stock Tips Today
Suja Sis,
Looking to that chart, do you assetive of rally.
Personally, in such scenario, 100 points up at any time is technical without any reason & budget is the factor known to bears & bulls.
@ Hitendra
The day 14 RSI gives good bounce as mentioned from below 30
or if do not go below 30 but C/O 50 without going below 30
At present it is it 29.This may happen but it is better to wait 2 days.
As Sir has mentioned 2 month low =5823 if Mkt closed below this
level tomorrow than it is weak and may head for deeper correction
as he mentioned level 4500 to 4700.
Sir has mentioned strength only above 2 days high.
This may way of thinkng.
Suresh - sorry.. honestly i am not good in that "Shriram ji" - the right person on EMA dealings.
hiten - another 2 charts i didn't post that's my most personal..according to that nifty has to give bounce if at all "this mkt is mid term bullish" 2nd thing - am smelling 30 mn. candle is showing some +ve ness?? let us wait for another candle too..as i mentioned there "5817" is the key for short term. apart from my own view.. i agree with "Harish thakkar" too..bit i am the worst (agreesive trader) i hv 2 accept
Observations & Opinion :
Mkt below key emas levels low risk high return trade:
Find out trade to short:
At present Nifty fno H & S patterns
Bottom 5748 Neckline 5785
Target 5748+ 37=5832
My opinion short when you feel exhaustion of price near 5832
with small SLO if price reach there but do not trade long which
is catching a falling knife only.
Sorry for mistakes :
Read 5785 + 37 =5822
Thanks HT & Suja sis,
5785+32= 5822.
It is also 1 point below 2 months low of 5823....
2 day's high for today is 5878 & tmrw 5839 if not crossed today.
So, a close of tmrw is upbeat most important tmrw for post budget event.
My another 90 points rally to fissle out in bear mkt is 5748+90= 5838.
It is also 1 point short of tmrw high(5839).
So fingers crossed.
Hi,
Can anybody tell me what is 21hr and 34 hr SMA for nifty ?
5878.40 5748.00 130.40
5778.77 5797.55 5813.20 5828.59 5843.97 5852.32
NF: 21hrsma 5815, 34hrsma 5840.
nifty looked positive trend today, option and future segment before after one day expiry, what we looked for today
option and future call
@abhi
21EMA 5815
34EMA 5835. SMA must be around it.
anybody following/studying
1. Adaptive moving average and
2. Keltner channel
its interesting for trend lovers!!!
after two day high Infosys slip down 2% as our prediction Infosys slip from 2953.60 and low of 2905 and hit all target
Sell Infosys future below 2925 target 2920,2915,2910 stop loss 2931
option tips call
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-5787, R1-5818, ATP-5777, VWAP-5777
Huge Ce writing at 5800-5900, but at last the 5800PE writers are back, though addition is small, still 5800+ level looks like huge resistance right now..
Thanks & Regards
NIFTY intraday update: CLICK HERE
hiten - 2 pm candle close should be abv 5817/25 or else back to rest room??? and wishful thinking EOD abv 5817 ..:) :D ???
Anyone Know today's level for Conservative Buy ?
Thank You!
@ DR anmpatel Saab: You 've such a gr8 analytical abiblity, I feel, should focus your research on the bond between JNSAR & HA studies.We all would benefit. I 'm sure you would bring out a fabulous product. My Best Wishes.
Suja sis,
Europe may help u to see 5817/25.
5 Day RSI as on close of yesterday was deeply oversold.
So tech also favours.
But, i want slow & steady rise.
@eevra
thanks for words of appreciation,
HA is for trend and one candle delayed from actual price action, so i study AMA(adaptive moving average), what i found is its stay more with trend and reactive early to change of trend than ema/sma. so i put cross-over of two AMA's short(2,30,5) and little longer(3,50,9) it gives me good signals. for tgt/partbook we can use MBB/LBB/UBB...
For nifty i use only and only JNSAR...
this AMA bundle is only for stock.
I really thanks for this great & wonder full info. it is very efficient and very interesting. i will come back to read some more info.Equity market tips& cash tips
Regard online share trading tips
here is free nifty call & nse bse news updates Click here
Resist @ DLema??
@eevea
i remember "anthony...." movie line "sabhi raaste god ki aur jate hai" like this all study is good, how u can follow with discipline is matters...
latest signal...SBIN j10SAR is 2237... a/c to AMA hrly AMA cross-over done this hour...SBI's lower daily kelterChanel is also 2237 so if SBIN close above 2237 hrly trend changed to UP and daily down trend will turn to flat...so we can expect change in trend on hrly basis, and should wait if it can change the daily trend UP after closing above upper keltner channel EOD basis.
this study is on very initial stages..will post it regularly.
5878.40 5748.00 130.40
5778.77 5797.55 seen.
will watch 5813.20 (50%).
@ anmpatel
What is HA?
Thanks in advance.
LV
bye friends have to go..see you later.
Thanks Parimal
Dr.Venkatapathy Sir,
http://www.investopedia.com/articles/technical/04/092204.asp
ha ha guess if it's double bottom @ 5749 what is the target??? :) too early to decide this is "double bottom" but as usual "itching'
Parimal,
Can you provide some you on any stock changing direction where a position can be initiated post budget?
5817 which is resistance if cross thennn......................! More high today or tomorrow possibility.
5900 CE OI...91 lk......6000 CE OI....96lk...CAM H4 5811......DLema.....Fibo..50%......turning point!!! else???? short covering to 5855????
+ 5700 PE OI only 61lk...
anybody post current 200 EMA pls.?? tks n advance
Hi BB
consider Ranbaxy, post result sharp correction occured, and now probable reversal is in the pipeline.
Heikin Ashi Technique
DR sir many thanks
LV
Parimal ji - BOB is long??? any idea (for investment purpose)
5813.20 crossed.
Acid tect to thrive is S1- 5817.4 &
61.8% is @ 5828.59.
Please very before use EMAS DATA :At 2 O'clock:(If anybody wants)
H.H.EMA 5860 H.LEMA 5795 H.CEMA 5828
D.H.EMA 5860 D.LEMA 5795 D.CEMA 5828
W.HEMA 5965 W.LEMA 5836 W.CEMA 5876
Hi Sis
BOB is trading below 200DMA (742), long term level, so wait for price to move above this line for big upmove, LTP 727.
Towards 5785.......50% of rise.....seems
5817.4 is R1.
DOUBLE BOTTOM trgts can be 5796-5749=47 pts
5796+47=5843
i guess will close today near 5800ns so that they can easily make or break on budget speech
with res at 5843
supp at 5748
5827 is 55ema in 30 min charts
5970.00 5748.00 222.00
5800.39 5832.36 5859.00 5885.20 5911.39 5925.60
Too early, but budget speech resi may be 5832/5859
march option call prem not increasing the way nifty had moved up
parimal ji - thanks.
hiten - march is showing :D :D current series actually i am (was expecting) 5827/43 nifty future today itself..but shhhhhhh i hv 2 go out hence booked out. SPOT 5817 is hardnut :( :( let us see @ EOD
The 50-share NSE Nifty extended gains in afternoon trade, rising above 5800 level especially after announcement of Economic Survey for fiscal 2013-14. Free Stock Tips
nf 5822 is breakout point as per camrilla.
Suja sis,
I need a close of 5815 in NF to see +5850 by tmrw.
SISTER/ SHRIRAM
rounding bottom potential above 5835 !!! ??? :)))
Hi,
Any one can post Rohit video speech sent just now.
@hitendra
http://www.screencast.com/t/hxqIDGLj0
Indus,
Thanks but i can't hear at my office PC.
So wants information.
Primal,
Thank you for the response.
Hi Anmpatel
how can i post Nifty 35hr (Lead Indicator) in GoogleGroup?
at present (price) lead indicator is at mid point.
I personally believe fireworks of budget will start from 3 pm onwards.
NF: price is at 21hrsma.
Will they be able to close below 5796??????
Its 5797....want 12 more
Below 95...fast action.....
indus who is speaking in that link,
Lot of Drag and Pull around DLEMA 5796.. This is a minimum requirment for some upward movment tomorrow...
anyone running the expected avg close please???
Sis.
Long straddle madi beku
Hi Chetas,
sorry was busy today...
We are facing RES @ DEMA / WkLOEMA, clsoing is just next to DLo...
Sell on rallies continues unless WKEMA is conquered
Gut feel: Tomo might be RED, if chiddu doesnt keep the street happy
Its intra 20 points.....booked
now no waiting for 85
what time is the budget speech?
Today's NF chart looks like nifty last 9 months chart. :D
CDG,
Usually from 11 am onwards.
Till 12 noon, wl announce the new programme.
From 12 noon onwards, taxation etc...
*5 min chart
thanks Hitendra...
Final close is 5797. DLEMA saved today..indicators are in oversold.So we can keep our fingers crossed for some upward movment tomorrow....
its looks like 2nd wave completed for the wave 1 fall from 5878-5748 at 50% retracement tomorrow 3rd of 3rd of 3rd may started. from todays low its looks perfect impulse move of wave c of 2nd with 5th as ED from 5795 & its also faded quickly confirming the top lets see what happens tom.....fasten you seat belt!!!
Markets Quantified
NIFTY 27-Feb-2013
Current Market Situation :
NIFTY current close : 5797
NIFTY resistance level : 5912
NIFTY support level : 5756
NIFTY sentiment : sideways
NIFTY dominant cycle period : 16 days
Levels Tomorrow :
NIFTY intraday resistance 1 : 5821
NIFTY intraday resistance 2 : 5849
NIFTY intraday resistance 3 : 5890
NIFTY intraday support 1 : 5773
NIFTY intraday support 2 : 5745
NIFTY intraday support 3 : 5704
Markets Quantified
frnds
technically market is not giving any specific signals
best to trade with less quantity tomorrow
thanks
Test
I really thanks for this great & wonder full info.Free nifty call tomorrow & share market tips & stock market tips tomorrow
WEDNESDAY GAINERS
JP Associate, Bharti Airtel, LT, ONGC, DLF, Mahindra and Mahindra, IDFC, Axis Bank, Tata Steel, Bajaj Auto.
Nifty Future Trading Call
can anybody conform this bullish Harami pattern. Inside day pattern.
Dear All,
Please find below tomorrow's crucial numbers and plan your trades accordingly.
Per Illango sir suggestion, JNSAR traders feel free to use the J10SAR numbers.
Nifty :
5 Day High EMA : 5860.8
5 Day Low EMA : 5795.3
5 Day EMA : 5823.4
J10SAR : 5857.5
Bank Nifty :
5 Day High EMA : 12101.0
5 Day Low EMA : 11945.1
5 Day EMA : 12007.0
J10SAR : 12123.5
Raghavendra
Namaste Ilango Sir & Blogmates,
Bearish: This is what was said yesterday: “Bears in control, but look to book most of your shorts and hold with strict SL.” Bulls came back to defend the lows, but will that be enough on a news heavy Budget Day…: Option Analysis for 27-02-2013
Dedicated Option Open Interest Blog
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Just found this heart-breaking news. Perhaps the strongest faces the greatest pains. My condolences, Master.
Hi Amol, Inside day bullish harami nodoubt but price closed even below the half way point of yesterday's strong bearish candle @ 5800. So no reversal to long yet. Reverse to long only after price confirmation at EOD tomorrow.
Dear Sujatha,
Now a days away from market due to hectic schedule,nevertheless after reading your "5844 EOD close" try to peep at...
Instead of 5844,I would like to wait for EOD close at least above 5870...for confirmation,if there is any and in case if trading & close below 5785..then it would be invitation for new low.... i.e. in the worst case scenario if 5710 shall be there ,then also it will not be surprise... let us see...
@mynac bhau,
Barech divasani darshan zale. Phar bare watale.
Event Day interesting figures as per blog Bramesh...
Previous 6 years highest volatility 346 lowest 133 average 199.
I give importance to only 3 years as it has significant importance.
Previous 3 years highest 168 lowest 133 average 147.
To be on safe side & certain thing is " Uncertainity "
Avoid to trade as money not lost is = money earned.
My opinion : Low risk high return trade if I can not simply sit,
To day range ;H= 5817 L=5749 Range=68
Buy L 5749 - 68 =5681 & Short 5817+68=5885
VIX range 82 Previous 3 Years average 147 (68+68=136)
Put the trade on both side & squp fast. 5882 to 5899
is previous daily resistence also, as mkt highly O/S
need houly & daily some points corrections.
Spot J10SAR is 5856.If spot market remains < 5823 Month 2 low
buy 5800 or 5700 March put near high.
SLO as per risk appetite.
Resp Ilango sir ,
Sorry to hear the sad news .Please accept my condolences . Praying for Peace to the departed Soul and Strength to You and Family .
Regards
RV
Good Morning Master and copy to All
Good Morning Ilango Sir and Friends
NIFTY Update and IFCI Triangle: CLICK HERE
Good Morning sir & friends
Namaste Dear Sir and all friends
Have a nice day of trading
Good Morning DR sir what is to day JNSAR level
Good morning friends
Good Morning All,
Sir I hope you are OK now. Take care.
ORB down....WK Lema......
Good Morning all,
@saptharshi
As per my observations & calculations
JNSAR for the day is approx 5864.
5878 to 5749....80% not breaks.....
5815 and then 5778....?????
Past experience.........when SGXnifty gets huge bounce (1/1.5%) and NSE opens below that level considerably.....day is negative.....let's see today....
Within 30 minutes...2lk OI added in 5900 CE.....
Sir ILango ji and everyone good morning
@ 10 am - 30 mn. candle showing some -ve ness. sudden "down dhamaka not ruled out" (itching in advance?? )
first expecting 5815 ....hits 5821....5820 must break......else 5835 may get attempted......
Suja sis,
My view is to buy 5800 ce & pe @ CMP.
65/70 SL & 150 PROFIT
Good morning master & JN family
Have a nice day !
Namasthe ilango sir and friends,
Today's quote received :
If your heart needs a lift, speak of hope, believe in love, and walk with faith.
In 2002, Budget and expiry occurred on the same day
Market was marginally up on the budget day and lost 7-8% over next few days
If 5826 held, then target 5856 (D.HEMA & Pivot Resistance). It is based on based on D.(Pvt+Fib) Used with 15m.STOC
is it open and low of this 30 min candle same ????
10Min to go for Budget speech
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5788, R1-5827, ATP-5830, VWAP-5829
5800 Level is working as PIVOT right now, with highest addition at 5700PE and 6000CE, Waiting for the BIG EVENT for further course of Action, Range 5720-5900 could come into play…
Thanks & Regards
getting down.
chiddu has forgot to say thirukural, so this budget is doomed , sister agree ?
Chidu Uncle Chidu uncle aavya 6e,
Dhoom Dhadaka lavya 6e
Be ready for big move.......
Attempted 5835 and now 5820 broken....tested 5815....as expected
Now waiting for 5782/5777
Holding 5811 ns,, reversal feasible to 5811 > 5839, else down to 5788
How can i upload Nifty TA (updated) in GooleGroup, any guidance, please!
STRONG ADDITION suddenly started IN 5800PE too
cmp 5816ns
BN.....11700...wanted today
Finance Minister says the final GDP growth rate would be lower than CSO, RBI estimates. RBI estimated GDP growth of 5.5% in FY13.
retraced almost 50% of 5749-4849
Parimal
mail to justnifty@googlegroups.com
with attachment
Watch budget here http://profit.ndtv.com/videos/livetv
pl update budget speech.
tv net work gone
The Equity benchmark BSE 30 stock SENSEX up 113.38 points at 19265.79 and NSE 50 stock benchmark up 28.80 points at 5825.70.
more today tips and Budget news update :- Stock Tips today
BUDGET.......To approve Rs 50,000 crore for tax-free bonds in FY14
Natural Gas pricing policy to be reviewed
Manufacturing sector needs revival -- Cabinet authority set up to review stalled projects and guide new projects
Current Account Deficit a bigger worry than Fiscal Deficit: FM
Nothing positive so far.......lets see in taxation....still 30 minutes to go to come on that topic
Thanks very much mmarketman.....
Hitendra ji
http://budgetlive.nic.in/ Online Live speech
Will up to Rs 25 lakh 1st home loan to get more tax cuts
Banks to be permitted to act as insurance brokers
200 point rally may come upto 6000
Sebi Act to be amended to strengthen the market regulator
shuklaaajeeeeeee
Will follow global policy on determining whether investment is FII or FDI: Where it is less than 10% by one entity, it will be FII, more than 10% will be FDI
I really thanks for this great & wonder full info. it is very efficient and very interesting. i will come back to read some more info.Equity market tips& cash tips
Regard online share trading tips
or 100 points to 5700
mona jeee
abhi nahi shaam ko
5900 CE OI...95LK.....
Expecting 5782..hits 5785...
Stock exchanges to have dedicated debt segments
Stock exchanges to have dedicated debt segments
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