I'm always suspicious of rising prices below key averages and
falling prices above averages.
And it gets better when the said averages are trending down or up respectively.
This takes care of 70% of your trades.
Hence, in a trending market, "trailing" is preferable to capture most of the move.
Nifty did take support @ "5823-33" zone & did a 50 point bounce. That is an intraday trade.
It did affect the EOD TA a bit, a pause, with a close above DLEma.
As a follow up, it should move past 2-Day high of "5878" while holding "5836"(80%) preferably or "5825".
For the day, Nifty could hold "5830-36" & continue its bounce. OR
"Staying below 5863", it could continue its slide.
"5879-5883" & 5904, earlier minor supports would act as the resistances again.
If holds in the "5823-33" zone, a minor bounce could still emerge.
Larger bounce only above 5904 or holding 5795.
falling prices above averages.
And it gets better when the said averages are trending down or up respectively.
This takes care of 70% of your trades.
Hence, in a trending market, "trailing" is preferable to capture most of the move.
Nifty did take support @ "5823-33" zone & did a 50 point bounce. That is an intraday trade.
It did affect the EOD TA a bit, a pause, with a close above DLEma.
As a follow up, it should move past 2-Day high of "5878" while holding "5836"(80%) preferably or "5825".
For the day, Nifty could hold "5830-36" & continue its bounce. OR
"Staying below 5863", it could continue its slide.
"5879-5883" & 5904, earlier minor supports would act as the resistances again.
If holds in the "5823-33" zone, a minor bounce could still emerge.
Larger bounce only above 5904 or holding 5795.
38 comments:
Good Morning, Ilango Ji
Good Morning Illango ji,
You had mentioned for 2 days, holding 5795 is important, what is the relevance of this numbber is it a EMA or fibo level ?
Thankyou
Good morning illango sir ^ JN Friends
Good Morning Ilango Sir and Friends
DLF Bearish Engulfing and TATA STEEL Analysis: CLICK HERE
Good Morning Sir and dear friends.
Have a great day ahead.
R/Ilango Sir,Namaste n Namaskaar 2 all reader's.
Good morning Ilango sir & all blogmates
Rgds
Saravanan
Good morning Ilango sir & all blogmates.
Good Morning Sir & All Friends.
@ chetas,
One possible explanation is that 5763 represents 61.8% retracement of the rise from 5548 to 6112.5799 is also the last support for the current pivot of 5853.
GOOD MORNING MASTER AND BLOGMATES
Good Morning Master and copy to all
Venkatesh ru ready?
Ilangoji,
Good Morning
Namaste Ilango Sir and blog friends
LV
ATR Based Trading Signals
Buy Zone : From 5829.25 to 5816.5
Breakdown below : 5813.95
Breakdown target : 5761.8
Sell Zone : From 5880.25 to 5893
Breakout above : 5895.55
Breakout target : 5914.8
Good morning sir & friends.
Looks ORB to follow.
S1/2 is imp
Dinesh., asking sweets from me ???? certainly
Good Morning llango sir and blogmates
Good Morning Master and Seniors..
days next support at 5799
Good morning everyone
Goodmorning ji amd all
By fibonacci nifty INR 5842 and SR 5898. ,nifty may tuch 5805 and 5780.
Sir ILango ji and everyone good morning
Nifty in ND Sir's ATR Buy Zone now.
to sujata ji if you want to fly like nikkie then nifty should come to new low 2200(ns) b'cause you know.that is 1/3rd of the index.
5805 ns gap is trying to filling.
SGX had a freak trade at 5812 few days ago, looks like the targt is tagged now, so an U turn ?
sonnuuuuuuu - y vengence on me??? :D no not at allllllllllll. let us see where it's breaking
Sujatha sis,
supports u.
wish to see rally from minutes of railway budget.
Sis
You keep your, with you
I will order myself, 4 me I've joined bears camp on 31 Jan 2013.
http://www.mithai4all.com/product/G%5E-Pulla-Reddy-Sweets/Hyderabad/Milk-Mysorepak/663.aspx
New Post Done.
@DR sir,
Aap aur bear? Yeh baat kuch hajam nahin huwi... waise where is Dracula... this is bahara bahara for bears. :)
As EW if niftybreaks 5812 /5800 on closing basis then 5550 in next 5/6 sessions...
I trade for Profit : Sir will you pls keep mentioning the SL for trades??..For e.g. today sl for long hit..now for Short what is SL?? Thanking you
again 5850-55. is very good support.
Thanks for sharing this great piece of information. Do keep us update with some more great information.....Viaresearch
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