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...
35 comments:
5783-5790 was the last leftover gap
that gap has been closed now
all the left over gaps have been closed since nifty moved up from 5477
A 5 may be over from today's high
sell 5850 buy 5800
GAMaster,
Kindly give ur input at this juncture Since last three day without ur input it is very hard to trade
NIFTY - http://prntscr.com/19cm6w
BANKNIFTY - http://prntscr.com/19cobj
bANKNIFTY - http://prntscr.com/19cny2
Seems Nifty has completed 5 waves down. shall wait for consolidation for reentry.
Parimal, please alert us too :)
Master,
Atleast give some inputs.
you have gone completely silent for last 3-4 days.
Regards
Hi BB
TataSteel: (some days ago i have given you a detailed observation) may have completed 5 waves down in sync with Nifty (it is a Nifty component).
Hi SJkolkata
if i correctly feel Master's standpoint: he wants us to be independent.
Sir,
You have been silent these days. Please give some inputs (non-market would be also great :))
Parimal,
I agree but even independent people at times need guidance and support.
i guess ns may retest 5835-40ns once intraday and then may decide to move up or down againt tomorrow
Holding 5794 - 5788 NS, 61.8% - 80% retrace, important.
At this point of time battle will be for saving/breaking 200DMA.
Thanks Parimal for the TISCO Update
INR crashing will rule out all hopes of recovery in markets.
for any recovery $ must start cooling.
Dear Ilango Sir
Both BN and Nifty nearing 200 SMA. Any chance of reversal?
Regards
there are two support zones below 5800:5780-85 and 5725-35
Dear Sir
nifty bottom out at 5782 ?? what your view on this ?
option traders take care volatilty index droping premium also drops.
He is not silence...he has been and is guiding all the way.
Thanks a lot !
For friends seeking words :
Read the charts and his comments- updated on every hour
(last on 1 PM chart is: Only one possibility now...earlier he refers to 2 of them and alternating as market unfolded) !
I think master is confused with the trend to decide.
global market is also very important. rythm and momentum get accelerated with the help of global markets.
Well said, Anand, blogmates not noticing the efforts that are going without any stop.
now if 3rd is in progress then chart showing 5725-50.
Ankita
Master is not confused. pls save such words! all global indices were surging ahead while Nifty made deep cut!!
sudarsan sukhani on cnbc told sunday, overall trend down sell on strong rallies, 5700 possibly next target, banking will be worst, nonbanking stocks may be good.
80% retrace - 5788 just saved.
Now may be bouncing back
Ameen
Trying for the key level of 5815, if resisted again (just now at 1356 hours) more lows possible ?
New Post Done.
sorry parimal.not confusion its possibilites.
why st reversal suggested some days before near 5900, still i can't understand.
while at 5800 no such suggestions.
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