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...
30 comments:
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-5942, S1-5909, S2-5881, ATP-5901, VWAP-5901
6000CE now looks like a very good resistance for the series, but 5900PE writers are still holding on, based on OI position a close above 5900 spot looks improbable right now…
Thanks & Regards
Shriram
can this be a island reversal, we have gap up on 8th march and gap down today
possibility of a small bullish WW developing
may move up towards 5884ns then may again dip towards 5863-67 range to form pt5
trgts 5900ns till tomorrow morning
Nifty fno & Bank Nfity made new low I-D.
6000 CE option not made new low
Golden ration Sale (SPOT) 5915 SLO 80% 5929
As nifty had violated HB 5892, 21 & 34 Down.
If hits, high probabilities trade success ratio trade.
Trend following trade only.No longs as anti trend trade.
Else wait & learn nice knowledge sharing options
@master
what will be channel resistance in updated chart as i am inside OT.
thanks.
@Ilango
Trading below HHEMA since the morning and unable to close a single hour above 34Hr SMA.....would it be time for postional shorts?
World futures REDENING effect in process
addition started in 5800ce too
shriram ji - yes. 15/30/hrly candles are acting very smart..:P but "trend is showing down" nifty future has not yet"retraced" properly is my humble view...anyway spot not closed or not closing above 5899 i will be happy and today;s open too below this level. even DOW too consecutively +ve nearly 7 or 8 days i think. all need rest for some time??? and quarter moon on the way(hehe this quarter moon is not for trading..side dish) irritating grinding market :(
♚ 5888+
♚ 5866-
Nf MONTHLY pivot levels :
Pivot : 5815
R1 : 5956 ( mid poiny is 5886 )
S1 : 5552 ( mid point is 5683)
today Nf low is 5886 so far, just sharing information
Amazing India:
The distance in Km covered by all trains in India in one day is equivalent to 2 times to & fro journey to moon(more than 14 lac Km)
Q: Which is the biggest ant in the world?
A: ELEPH-ANT
Q: An elephant was standing in a queue.Suddenly he turns back & says something to the ant standing behind him?? Guess what does he say???
A: Please do not push me!!
--> back
Chetas,
Not sure if its 100% island reversal... but if we start trading < 5860, case for downtrend gets stronger
@suja: wrote just to tease u, HnS / inv Hns is all if and buts ;-)
shriram,
when free share your feed back on my vix observation, I have replied to you, but the post is in the previous intra update I, almost at the end,
Shriram, Thanks, will keep a watch on 5860
raja - :) :) that's the only animal "wearing p(H)ant" :D
shriram ji - if close below 5899 @ 2pm it's somehow OK for bears...abv is bulls chance but really wondering abt the candles donno whether downside or upside after 2 pm
Chetas,
Am not very conversant on use of VIX vs Nifty, infact i was seeking ur help there !
Impulsing vix = corrective on NS & vice versa ? looks interesting, lets keep eyes on it :-)
5860 is the ruff DLo value,
so if this Down wave had to impulse it will try to break 5860 in a flash, towards 5820-24 the 30mins Support cluster...
Master, sent mail, please reply when you are free.
@Sujatha sis,
What do you think about Evening Star on Day?
consolidation and consolidation
New Post Done.
17 points more.....
nifty bhai abto shaant ho jao.
perfect scenario to trap bears
made nifty look weak
global cues also weak
options data also showing stiff res to upmove
will bears be trapped by sudden spurt in nifty in last hr of trade??
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