Tuesday, October 1, 2013

Nifty Pre-Market View.

Month close is below 5-mth sma-5755.
Weekly has given a "sell on rises".
Day has been in downtrend with momentum entering on Friday.
Oversold Hour would produce few intra rally attempts.
We have seen many "irregular corrections" along the way which is bearish.
I repeat again: Always weigh your trade options.
Do you want to always pick the trades against the trend?
OR
Do you want to use the opportunities(rises in downtrend, dips in uptrend) to initiate "Trendy"trades?
You have to make that choice "consciously".
One should not bother "too much" counting "intraday waves" if they are not clear. For the patient trader, the waves will catch your eyes when they are ready. And capitalise on it, then.

23 comments:

venkateshspices said...

Good Morning sir & friends

NEVER GIVE UP said...

Good Morning Sir & All Friends.

varun kumar said...

Good morning sir,
Thanks to you and God.
Have a nice day!

Parminder said...

Master ilango and friends,
good morning to all
Regards

Suraj said...

Good Morning Ilango Sir and All Seniors &Friends

venkatapathy l said...

Namaste Ilango Sir and blog friends.

LV

anmpatel said...

good morning master and friends.


@master
can u give some idea of subdivision of 3rd on hrly chart? this time i am confused and not able to label the subwaves of 3rd clearly...can it be because of OS hrly?

vksoni said...

Good morning ilango sir and blogmates

Aijaz said...

Use the opportunities (rises in downtrend, dips in uptrend) to initiate "Trendy" trades

Wow, great learning of the day, that too so early in the morning :)

dharmu mishra said...

respected llango sir thanks for ur gold
Always weigh your trade options.
Do you want to always pick the trades against the trend?
OR
Do you want to use the opportunities(rises in downtrend, dips in uptrend) to initiate "Trendy"trades?en words

sir i ofen commite this mistake than i make myself understand there is always next time
but no my frequency of this mistake is little bit redused because of ur cotinuous guidence thanks for always being there thanks

Badri said...

WHITE HOUSE orders Government Agencies to begin shutting down and begin shutdown plans. CNBC

akki_tank007 said...

Good morning ilango sir

shriram said...

GM Master & JN Family,

Have a gr8 day ahead :-)

Ravi Pillai said...

SIR
Good Morning.
Ravi

Squander Star said...

Good Morning Master & Friends.....

Prakash said...

gudmorning master and all frnds

DNSHUKLA said...

Good Mng Sir and Friends.

amber said...

Sir ILango ji charan vandan and everyone good morning

Sonu said...

Good Morning Master and all!

Have a great day ahead!

sarvesh sharma said...

good morning, sir and everyone

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