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...
37 comments:
Good morning master & JN family
Have a nice day !
GM sir nd friends :)
patel ji - stopped that Kolaveri long day before now i don't hv any position due to my personal work and expiry/mend/wend closing. mkt is always there..nd i hv doubt if still shorts r existing in the mkt one shortcovering too possible becoz it superbly hit my SL :D but donno how to find out whether shorts are existing??? this is not a rule..just a thought
as said by sir "who's in pain will get more pain" EOD should close above 643/57 will join later. time permits take my id from Julius ji give a test mail.
Sir ILango ji kindly update how the 5583 crucial support is derieved thnx
Namasthe ilango sir and friends,
Today's quote received :
Visualize peace...
Peace in the ocean.
Peace on land...
Peace amongst countries,
Peace amongst cultures
Peace amongst brothers and sisters.
We are only separated by space and time
We are all part of the same divine source...
Captain,
The value for 26th March should read as 5655-5612-5642.
@anmpatel
Pls dont get me wrong - objective is to learn a bit about the concept of "bear trap". Have heard about "bear-traps" number of times but have no clue how to identify such a situation on charts. Did googled this topic - nothing worthwhile came up in results.
its just more pain, no triggers on upside.
addition started in 5600ce
its understandable
but why such big addition in o.i in 5500pe
is it profit booking or buying??
any interpretation
Camrilla brokeout on downside.
Simple calculation if workout
5658.9-5919.55= 39.35
5619.55-39.35= 5580.20
in april series addition in pe is much higher than ce
Hitendra,
61.8 of 39.35= 24.30,
so 5619.55-24.35= 5595.25,
So minimum 5595.25 , if not then I would consider downside momentum weakining, lets see
so far only did 38.2%
Namaste Ilango sir and all,
CLICK HERE Nifty DAY MA chart
CLICK HERE NIFTY DAY Chart
Todays 10AM values are also included in the chart
For the aggressive intradayer's, the buy zone reached when Nifty touched 5605.
@ manojag,
Error rectified.
Thank you.
chetas,
do you calculate same to compare recent past downfall?
for a reversal, broadening of the overall market has to improve. many frontline stocks are trading below their 200DMA. MidCap Index needs to show some consolidation.
Sis
give a close above hlema
5620-5629 is big res zone
cmp 5619
ns will take lot of effort and courage to break over it easily
may retrace again near 5600ns to gather momentum for high jump
Hitendra,
sorry do not understand you question fully,
in S&P, cobra , uses this technique. cobra consider on a break out, minimum target is kept at 61.8% of the range ( in you case the range being 39.35)
chetas,
calculate from 5718.9 to previous low of ard 5633.90.
5718.9-5633.9= 85
5633.9-85(.382)= 5601.000
expecting a lower low below 5600ns soon to form pt5 of a +ww pattern developing in ns 5 min charts
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5640, S1-5620, R1-5660, ATP-5615, VWAP-5615
CE writers are in full flow and want an expiry below 5600, PE writers still holding on to 5600 Level, a logical expiry around 5600 is possible with a range of 5580-5645 in the making…
Thanks & Regards
Hitendra,
yes , thats how i learned to calculate.
38.2% being minimum,
5718.9-5633.9=85
5633.9-85(.618)=5581.37
5658.9-5619.55=39.35
5619.55-39.35=5580.20
SO 5580.20 & 5581.37 COINCIDES
Morning Master & JN Family,
Have a gr8 trading day ahead :-)
namita please dont come back again
There might be a potential HNS formation taking place in reliance...
5600ce and pe total prem is near 37rs
can we infer that 5563-5637 will be broader trading range for today as writers who have sold both aggressively will be safe within this range
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Chart for Reliance : https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-ash4/486332_145945445581590_1893553427_n.png
expiry @ 5647-5656 point of maximum pain...
New Post Done.
HIGHEST O.I in puts of april series is in 5600pe which is somewhat amazing as generally on last day of prev series
next series highest o.i is 300pts away from nifty cmp
as highest o.i in calls is 6000ce
can we infer that nifty is gearing for a big upmove in april series???
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