Amit Ji, You mean 7717 - 7594/ 61.8%.People may not go anywhere but may be watching the NIFTY inverse to JNSAR.
Amit Agarwal boss....have you shorted nifty at 7670 (61.8%) with sl at 80% ie 7692??This trade must have given you cool 25 points. ..low made close to 7645. If you are cribbing about any method here you shd tey that at least once. Tell us in which retracement trade you failed or made loss?
Nifty hrly. going out of channel for the last 2 hrs. If not came within channel, it may go further up.
7670, first 61.8% retrace in the "Fibo.Retracement table" coincides with Pre-Market's res @ 7671.If you have done a "Golden ratio trade" at 7670, you may trail your SL to "Cost" while part booking with 25 to 35 points of your choice.The person who takes no risks, does nothing and will end up having nothing.
Ilango said...Bearish: 7687 7696 ... is 50%-61.8% retrace of the last fall from …… 7724 to 765080% is - 7709 If weakness is to return, it should be around 7687 7696 Strength gets confirmed above 7696 OR 7709 August 1, 2014 at 10:03 AM ===========================================Ilango said...@ mridul deka,These are readings from 2-min google candle chart..It changes quickly, if price behaviour don't match with our observations.The time taken by this bounce suggest of 'abc-x-abc" kind..(preferable)Accordingly, monitor the retrace for 7799 to 7650 fall.7707 7725 ... is 38%-50% retrace of the last fall from …… 7799 to 765080% is - 7769 If weakness is to return, it should be around 7707 7725 Strength gets confirmed above 7725 OR 7769 August 1, 2014 at 11:58 AM =====================MODIFIED when prices were at 7687================Ilango said...Golden Trade of the day: (High made -7717)Ilango said...7707 7725 ... is 38%-50% retrace of the last fall from …… 7799 to 765080% is - 7769 If weakness is to return, it should be around 7707 7725 Strength gets confirmed above 7725 OR 7769 August 1, 2014 at 11:58August 1, 2014 at 2:59 PM
Nobody is a fool.If you're in this market to "TRADE & MAKE MONEY", you must have some basis/ method/ system to trade the market.We share our observations in a "Live market" to show you how it could be done.Choose your method / system and steadfastly stick to it.You'll end up making money on most of your trades and the failed trades will have a small SL to make overall trading rewarding.If you don't,you'll end upsinging sour grapes...all the time.
BN resistance given as "15305-15330, in Stock wealth blog.And the trade would have given a trader 100 points.Some effort, planning is needed from the individual to lead a disciplined trading life.First, knowledge., then some understanding., then some application which leads him/ her to gaining experience and thus developing disciplined trading.If this place has given rise to "losses", SHUN this place and never "PEEP" into this blog even in your dreams, if you're left with any little "SENSE".
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-7660, R1-7708, S1-7574, VWAP-7670The CE writers though back with addition at 7700-7900 level, but the PE writers still having the upper hand with 7600 Level mostly sealed for the day…Thanks & Regards
Please ppl. just cut the crap out n let Illango sir tell us what to do pleaseeee
Sir, thanks to you I cought the wave on Cairns from 304. it has now made highs
for pplwatching Cairns. 320/50 was the previous high. it has broken out and made a high of 321/20. on an EOD basis if it stays n closes its previous high of 320/50, then further upside is DUE
prices quoted on cairns was on Future basis
Tatasteel will form +ww in 15 mins chart below 536.60. It will trigger only if prices goes below it and then moves up and close above it for 2 15 mins. 1-4 tgt line may be at 560+
BNF dancing around its 25SMA @ 15267
@Illango sir,thanking you from my bottom of the heart , your analysis is great and its helping me a lot
@Prabhanshu, Check the link http://prntscr.com/49dklb, for +ww on R capital already triggered for a target of 610. Am I right ?? Pl. guide.
New Post Done.