Master - High should be 6200 ? 6199.95
some big move here
Good upmove at the end.
SirLast 2 days price action ended like a bull flag classic ta with a sting breakout at the tail.Market was expected to move up but did it with a nice time corrective.My observation of the tt isIn a uptrend when prices have moved below dlema and all h emas And they move back above the hhema in a swift move A big upmove follows.Gap up monday is logical expectation.
I would like to express my sincerest gratitude to … ... Illango Sir,from your guidance, great kindness and patience andI wish to say a heartfelt thank you.
MASTER in ur series of best articles for the people who question ur intigrity or there self assumption to be always right request to remember this---Whenever I saw a footballer playing in the field or a basket ball player in the court or badminton player playing, the temptation to play like them is tremendous. I would jump in and start to play with them and founnd myself lacking in co-ordination, stamina, technique, strategies and above all few tricks of the game that only comes from being exposed to the game regularly, sincerely and with full dedication. Not giving up, I would spend hours, days, months & years to master the games. As I started to play each & every game, I would start to develop strong liking to basket ball, Table tennis, Pole vault and concentrated on them and excelled, though I play other games & sports whenever time will permit me. When you come into trading arena, it is mesmerizing to watch the professionals executing trades effortlessly and understanding the market turns fairly well and getting a lot of admiration, adulation along the way. You, in your enthusiasm and in earnest desire to duplicate their success, jump in to the world of "trading" just as I did..jumping into the playing field inexperienced. I would have faced few ridicule or pushed aside abruptly. But you'll lose your hard earned money which could otherwise brought joy & growth to so many deserving people around you. Spend hours, days, months & years to master this game of trading. Study. There are so many study materials available in this blog. Explore them. Apply them as in a test laboratory without employing your money. It requires tremendous amount of patience to hold back yourself from jumping into this mesmerizing world of trading where only "success stories" are talked about. Gaining knowledge brings you only half way or I would say to the starting block. To select & execute your trades, use your head. Once executed, keep the "brains" out and follow your trading plan. Do it with small amount and grow in confidence. Why study so much when there are mechanical trading is available? If you have an in-built discipline as that of a Military man, you will follow those simple rules. If not, you need to study to understand the markets and find , during the course of your experience, that mechanical trading with a bit of input from our Tech.table is all that is required to win in this market consistently. For those intelligent people who can excel in technical studies, to win consistently, make "part-booking" a part of your strategy and hold the remaining till a valid target is met or a trailing number is stopped out. Having spent many years in the market, I do not know where the market is headed for "sure" but that does not stop me from "Applying my knowledge to a credible, objective plan". You'll find some of those strategies in the labels section. I used to be excited about "where the market will go" & share it with one & all but years of hits & hits sobered me to be an objective individual. There is money in the market to be mined regularly if you apply yourself, keep the patience at all times which takes care of greed & fear emotions as well as finding those high probability trade set ups and "act when you must". Get rich slowly & quietly.
DineshRishi Sir, Specially for you for BankNifty All Time Highhttps://www.facebook.com/photo.php?fbid=631740310187216&set=p.631740310187216&type=1&theater
Sell @ 6310 to 6320NF with a SL 6340NF. November 8, 2010 at 1:20 PM Yes these are the comments by you.Yesterday nifty has crossed 6200.Will nifty cross 6300?
Nifty near the two and a half year high.But,so many stocks like sbi,l&t,reliance,grassim,acc,ambuja,educom,aban, and so many stocks are very far away from their life time high.Then how nifty is very high?On 10/11/2010 sbi result came and the price was 3200 and add.Now it is trading at 2300.1/3 is gone.I don't understand the logic.
@jagannathan Sir,this may answer your logical question....http://postimg.org/image/bygtskn41/as i noticed ( I am a Nobel price winner for all my observations hahahhahahhah) this is same as illangos RSI chart above....all the best sir....
There is no logic in this nifty upmove. It is only black money becoming white. Nifty is in a strong upmove and on the downside, 3 gann price time supports levels are 6075/6036/5959. 5959 being the strongest of all as of now.
@Bharat Bhojwanihey that a toll claim and I will bet (of 1 full masala dosa... hahahhhahahahah) you that majority of people are waiting to know how it is done!no no (yes man yes!!!) i am not waiting for your answer but just asking this in public ( ya ya all are public na..) interest...oh oh some politicians are peeping.... somebody just send them away to Switz bank bcoz nifty not sooooooo big......
Namaste Ilango Sir & Blogmates, Bullish: Nifty closed at the highest level in more than 2 years and still not showing any signs of weakness. A move above 6200 is on the cards, but staying cautious at higher levels is better..: Option Analysis for 17-05-2013Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal