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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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...
60 comments:
From the intraday low of 7553, 4th almost done and 5th unfolding..
Intraday weak below 7576-80.
For BN traders :
BN closed above HHEMA since 10 AM this morning and closed above Dev DHEMA as of 2PM closing. Critical numbers as below.
Dev DHEMA = 15293
HHEMA = 15287
will nifty test 7538 intraday today??????
..confluence of emas in 30 min charts
i guess nifty may find difficult to break abv 7600ns intraday
ns near 7590(
@Sujatha,
hmm... yaarukku theriyum adutha ganam enna nadakkumnu...
namma kamal sir sonna maathiri.... :))
Longla irukkumpothu siroda 1hr channel paatha konjam beeethiyaathaan irukku.
ayways strictly tsl. not feeling well. bye for the day.
Bullish: 7500PE and 7600PE have combined addition of over 50Lac OI.
http://www.niftytrader.in/nifty-live-change-in-oi/
Disclaimer: The OI has been, in last few days, more of a lagging indicator than leading.
If irregular flat unfolding with "b"@7593, "c" should end around 7555-60.
yes, tats a gr8 obsv. master, the oscill is dancing crazy + OI is turning bullish !
will nifty develop into a bearish WW till expiry and after
may have formed pt3 at 7592 today
may form pt4 near 7520-7500 tomorrow
pt5 on expiry day near 7610
and then below 7400 next week
Fast rise set up unfolding in day chart between 5 & 20 dsmas.
Intraday strength returns above "7585".
@Shriram Sir,
Though OI turning bullish but volumes for the day are not impressive for a 3rd wave 100 point rise in Nifty. Less participation.
http://www.niftytrader.in/nse-stocks-volume/
@ Sonu: Ur link itself confirms the Vols today !
"volumes for the day are not impressive for a 3rd wave 100 point rise in Nifty. Less participation." .. Pls specify how much Vols is Sufficient ?
Weakness below 7555-60 suggests of "b" completed and "c" unfolding as shown in 2nd chart.
JNSAR+30 Resisted?
good call stock4sure, keep it up. ns never crossed 7593, it means chances of ur pt formed.
ok.. so things r changing on the fly.. time to be alert , anything < 7530 NS is bad for Bulls ...
@ Shriram Sir,
Only 15 stocks trading with above average volumes. Remaining 100+ stocks trading with below average volumes.
Compared to the last rise ... much less. During the last rise, we saw 7-8 times average trading volumes for breakout stocks.
My understanding is: 3rd wave should have a broader participation from participants as well as stocks.
Correct me if I am wrong.
BN slides .... again !
7536 7518 ... is 38%-50% retrace of the last rise from …… 7442 to 7593
80% is - 7472
If strength to return again, it should be around 7536 7518
Weakness gets confirmed Below 7518 OR 7472
@ Sonu: I dont know Honestly, as i hv never tracked Vols beyond Today vs Ysday type or to make sense of the Pattern (consol. / continuations have low vols, etc).
Let me obsv a few days b4 stating wid DATA to back the View.
Day Low : 7515.20 Day High : 7593.35 Range : 78 Points Day Pivot : 7490 Hr. Pivot : 7583
NS above HKPC ( Hepta Kilo Penta Cent).
Currently above Day Pivot @ 7490.
R1 for aggressive day trades @ 7525-36 to support NS in this fall.
NS hovering around 7540.
NS in SOR mode in Hr. T/F & SOR mode in Day T/F.
Strength above D Ema @7562.
Weakness below D Lema @ 7543.
SOR = Sell On Rises
SAH = Sell And Hold.
I have just taken long from yesterday. and will not change.
1.@ fast rise set up unfolding
2@ weak below 7556-60 as "b" completed and "c" unfolding.
3@strength above 7585.
so better sit away. because if goes down then wow, if goes up then also wow.
i cant understand master. so quit. so many options.
julius - neram ketta nerathula 'not well"??? :P CAM - a KOKKA!!!! this month is trader's paradise?? it's sooooo "fancy no" :) :) get up from bed
adutha ganam enna nadakkumnu... - very true..today is "pradhosham" eashwaraaaaaa
Overall trading volume is at ALL TIME HIGH today !!
dear sir now jnsar is short..?
will nifty test 7538 intraday today??????
..confluence of emas in 30 min charts
i guess nifty may find difficult to break abv 7600ns intraday
ns near 7590(
June 24, 2014 at 2:08
NS near 7540ns
may show some small bounce from here
may do a LL tomorrow in 7520-7500 range
@ Shriram Sir,
I am also tracking the volumes only for last few days. Usually I use it for confirming the trends strength and to carry-over the position.
Additionally, this rise was not in line with global cues - Did you track the news: "Dubai Index down 8% today"
7567 is hurdle now
Master,
Do Irreg. Flats happen in suspect W2 ? How often ?
@ Sonu: no , my philosophy is slightly diff.. only concerned with Nifty DATA (Bhaav / Options OI / NF OI / Patterns)
stock4sure is rocking, kindly do some technical remarks with tgts and supports and resistances. thanks stock4sure.
@ Shriram Sir,
Woh to correct chhe... Bhaav bhagwan chhe... as you always say :)
dubai is crashed by near 30% in about last 1 month. may be due to their internal matter. but india is going up due its internal matter.
Bhagwaan is sayin Bulls will be in vogue for a few sessions then :-)
@Ankita
How about you add some reasoning when you comment on your position or so !
Just a thought , Sir adds a reasoning to his comments in live market , he talks probability only .You can add your thought and reasoning may be it will make the discussion constructive .
Hope that makes sense .
stock4sure are u sure tomorrow 7500-20. ?? 7567 res broken now.
@ ankita,
You quit; not because of many options but becos you don't see them in perspective:
1.@ fast rise set up unfolding - It is in day T/F
2@ weak below 7556-60 as "b" completed and "c" unfolding- It is for the entire rise from 7442-7593.
3@strength above 7585 - If a person has taken a short during the intraday corrections, this is a reversal or SL.
@ num char - i have not blamed anyone , just read my comments twice. due to so many options i quit. so read once more my comment, thanks.
everyone is responsible for his own position, and do not blame others.
Ihns will trigger above 7593, t1 7646
so many confusions for me master.i will try to catch all these .
thanks sir
sir,
i have a question. with the observations that u have made today, can u give an illustration of a possible trading plan.
7596 sai upar close karwa do :)
i just want to take postion after if nifty will cross 7620 (80%) with strict SL.
i didnt read ur earlier comment sir before posting.
fast rise trigerred.?
BN attempting to break the falling trend line. 2 hr closes above 15375 will trigger upsides to 16000+.
Another attempt to close above Dev DHEMA @ 15293.
@master
instead of strength return at 7585...can we take 80% 7582 broken(last fall retrace from 7593)?
thanks.
Float like a Butterfly & Sting like a Bee. Them hands cant catch, wot the eyes cant see !
--> The best trade plan u can think of :-)
Have a nice day every one !
GOOD afternoon master n blog mates
resell zone approachimg
resell may be a bad idea, new high is waiting if 7620 ns crossed.
keeping 80
percent--7620 as sl
average close running at 7573 levels, and increasing. DHEMA at 7585 levels
two things says avoid short,- fast rise between 5 & 20 dsmas
- strength above 7585.
if tomorrow opens above 7620 and move towards 7700 speedily then.?
@ankita....
take some deep breath.....markets are fore=ever...
2 patterns
1. Ihns in 15 mins bo above 7594, t1 7648 t2 7740 sl 7567
2. Neg ww may form near 7600, 1-4 line tgt 7550
Average close now at 7577-78, below hema
7580.20 avg close
gap up tomorrow. with 30-35 points
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