We decided to follow the market using "Pivot table" this week on Monday as we have done few years ago with update of the 5-minute chart and it proved once again to be highly rewarding.
There are various studies available to "follow the markets";
Choose yours and never deviate from it.
We also suggested to have a pre-market plan to follow day's proceedings:
Ours for the day was:
If manages to hold above "5885", the pause/ reversal possibility could work and the resistances would be 5940-51 initially and then "5971".. (Market made a low of 5887 and rallied to 5972)
We also alerted at 11.38AM the other pre-market plan:
Day of "weekly trend" to assert itself. And daily trend, too, is in downtrend.
(From "5971", our critical resistance number of past many days, it broke the channel and the weekly trend asserted itself with a reward of 100 points to 5871).
Stay objective to your studies....the only way to make your successful trades.
To do that, take a step back and see how the market is doing as per your studies..
Get Rich Slowly & Quietly.
There are various studies available to "follow the markets";
Choose yours and never deviate from it.
We also suggested to have a pre-market plan to follow day's proceedings:
Ours for the day was:
If manages to hold above "5885", the pause/ reversal possibility could work and the resistances would be 5940-51 initially and then "5971".. (Market made a low of 5887 and rallied to 5972)
We also alerted at 11.38AM the other pre-market plan:
Day of "weekly trend" to assert itself. And daily trend, too, is in downtrend.
(From "5971", our critical resistance number of past many days, it broke the channel and the weekly trend asserted itself with a reward of 100 points to 5871).
Stay objective to your studies....the only way to make your successful trades.
To do that, take a step back and see how the market is doing as per your studies..
Get Rich Slowly & Quietly.
17 comments:
Jai Ho ! Jai Ho!
Respected sir,
I have to learn from you,
1)Knowledge is power (Your understanding of the market is marvelous )
2)Patience ( You always remains that "patience will rewards you")
3)Observation (Various ways of methodologies,such as EW,pivot Days avg.,MACD.......)
This week tried to some of your teachings such as premarket and entering and existing at pivot points. Thanks a lot. Eagerly waiting for your Saturday post
I would like to express my sincerest gratitude to … ... Ilango Sir,
from your guidance, great kindness and patience and
I wish to say a heartfelt thank you.
சொல்ல ஒன்றும் இல்லை ... உண்மையில் ...speechless..hopefully i will start to trade like pro very soon...
Respected Ilango Sir,
Is there any way I can know Hr5Ema and HrJN10SAR when You are away.
Dear Shriram Ji told me the formula, but it seemed tough for me to apply.
Regards
Arvind
I will say nothing sir, just wonderful.
Sradha se apke samne sar jhuk jata hai , sir. You are having great power for helping people.
Sir ILango ji good evening , sir if possible kindly continue with pivot table trade for one more week thnx
Dear Ilango Sir
Please post JNSAR levels for NIFTY50, MIDCAP NIFTY50 and BN's TT for 10-06-2013.
Thanks and Regards
சார் வணக்கம் / அப்படி இப்படி குட்டிகரணம் போட்டு என்னவோ செய்து கொண்டு இருக்கேன் செய்யவும் நிறைய முயற்சி செய்து கொண்டிருக்கிறேன் தங்களின் வாழ்த்துக்கள் தேவை, நன்றி
Guru -அப்படி போடுங்க அறுவாளை ஏதேனும் பெய்ட் சர்வீஸ் ஆரம்பிச்சா சொல்லுங்க தல,,நானும் சேர்ந்துக்கிறேன் அப்படியே ஒரு படிக்கிற கூட்டம்தான் இங்க என்னை தவிர :P :(
bye good night all
Each study has its own merits. followers must trust the study with proper knowledge. Master Gives all knowledge with free hand. Grab it as much as your brain digests. Kahi aisa na ho ki "Bhari Barish main aap Sukhe rah jao"
My father used to tell me " KUBER DEV " GOD of finace gives with
closed eyes ( pleasures ) at receivers decisions to receive as much
as he/she wants to receive from the endless wealth.
No body on the earth can teach such hand holding lessions of
how to merge your path with that of markets.
Master,
THANK YOU.
Suja akka - appadi yethavathu nadhandha kannadippa unga mattrum தலைமை ஆசிரியர் asirvathathula than... :) kathukavendiyadhu naraya iruuku.. நான் கூட ஒரு நாள் வெல்வேன்...:)
Namaste Ilango Sir & Blogmates,
BEARISH: Option Table invincibility at 5900 has been breached and a follow-up action by the Bears will make it sure that the Bulls sit out this series or they may just return with a bang..: Option Analysis for 07-06-2013
Dedicated Option Open Interest Blog
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
NIFTY Weekend update: CLICK HERE
Weekly bearish Outside Bar after Inside Bar with more volumes.Weekly swing of LL & LH.
Weekly close 5881 < previous month's low 5910.All these points out crystal clear bears's
upper hand so far.Only daily close > previous weeks top 6011
can give some relief to tired bulls.Daily macd threating to slip below "o"where index
is just below 50 D.SMA.Market shows hesistance to extend lows,which means index may
consolidate more above 200 DSMA and psychological level of 5800 for breakout or breakdown.
This may works out well for immediate next steps for trading.Trade what you see on screen.
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