Monday, July 15, 2013

Nifty Intraday Update-III


26 comments:

Pattern Trading said...

Nice to see potential diagonal... first triangle and now a diagonal .. both pointing that this might be last leg of rise ..

Sujatha said...

suresh - paper trading is always tense free and profitable :) unless v enter into real trade handle the situation v can't learn nothing.. u hv 2 sit hoursssssssss together for this. if u want mechanical system..that too also hit SL..v should be flexible according to market. my suggestion is

IF U R A LESS CAPITAL PLAYER -

decide first what kind of player u r?? day trader?? weekly?? monthly?? positional?? select 2-3 methods in hands work out but always ur entry point should be "the first fresh signal" that is weather buy or sell so that u can't lose much. not try to catch the running train like me
investment is different trading is different - trading means u hv to devote a lot of ur time.

u need mental awareness, post trade analysis (faiure or profit) is must that will help u in future. follow ur own rule (like JRJ/sir/drji etc)

How much will markets correct or rally from here? No one knows so the question is illogical and answers immaterial.

First come to market - without confusion and good mood..then u r 50% successful. 25% is money management..25% is your "method"

regds

Ding A Dong said...

with this NIFTY contract Majority of activity has happened at the levels between 5795 to 5825.
can some activity in near term towards that number is expected???????????????????

pravin said...

Many Many Happy Returns to "JUST NIFTY"

Nilesh Patil said...

@Master
If today candel will formed as a inverted hammer, then Hanging mam is validate?

shriram said...

--> back

@ Pattern:
St.MnEMA @ 6036 , +,- 20-30 pts is also a RES

Seeing intra candles, small bull flag forming, May see one more rise before a fall ?

Where r the Higher T/f RES zones per u now ?

shriram said...

pl read as *St. Mn*Hi*EMA

suresh said...

Sujatha ji,
thanks ,
can u tell me if index is buy on dip=how long to wait for the dip to buy &
if sell on rise , how much(price) to wait for ,
in order to sell

suresh said...

(price)* in order to rise

Pattern Trading said...

Shriram ji

if wave 5 ( ending diagonal )is in progress then I look for .70 retrace at 6040-50 as first resistance then 6054 as per sirs table and off course month high ema .. all in all I am looking at 6040 -60 as stiff resistance. ..

shriram said...

yup, looks similar.

ideal place to become casino man again, ala Marina Bay :-)

Ding A Dong said...

It a Break and Breakdown of R1 6035 !!!!!
more down side???????

Pattern Trading said...

Today's day high is nearly equal to 6040

Pattern Trading said...

Hahaha marina bay's casino is really awesome

Pattern Trading said...

Grasim may crack down heavily

shriram said...

wot was meant was directional short via NF or PE longs, may not work, as OI is super bullish ..

baat ki gehraai to dekho, baba :-)

Amol Sharma said...

Is it possible that nifty will move towards 6132 protecting 5970 ??

deepak pinto said...

Sir
Break of 30
Is it broken wave 4 of a intraday rise.

Ding A Dong said...

Finished Trading for the day!!!

with profit of 30 points.
nifty trying to break target 1 6023.
may touch target 2 6042.

Iris said...

What are the indications of C ending

Tushar said...

Hello Ilango Sir, Please let us know your view on C wave completion.
Thank you.

J.R.Julius said...

Good Day for everyone Who stay with the Trend...
NS@5980 is Aggressive SAR as per Flow Trading Rules...
Bye All...

shriram said...

pattern :

this is y directional shorts to be deployed only when all ducks line up ,

till then be like Bond , "dry martini, shaken but not stirred", @ marina bay :-)

Ilango said...

"c" waves end with bullish bias; we'll know only tomorrow whether "Red C" has ended.

Part booking is the only strategy available.

We encourage aggressive trades mostly for "Intraday only"

Bhavan said...

Sir;
Many Many Thanks for starting this beautiful Blog.
It has become a daily routine for many of us.
Wishing You and the Blog Many Happy Returns of the Day witha heartfelt wish that the tradition continues so that Many more can benefit and grow and flourish.

Sujatha said...

imsai arasan 6034 :P :(

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