Tuesday, May 4, 2010

Nifty falls fast after that MA set up & testing patience.

My critic/ wife always insist on having a grateful heart as a prelude to receiving "abundance" in our lives.
I want to express a heartfelt gratitude to all my readers both active and the silent ones who have been showing not only confidence in my observations but contributing in such "smart ways" to make me reaffirm that "there is always more to learning" as you earn in this life. If not for YOU, this journey would have not much meaning and your "spending time here" has been both entertaining as well as rewarding.
I hope to cross many more miles in your company.


59 comments:

mm said...

sir..
We are blessed to be in ur company..
u dont knw hw much ur presence matters..

ur criics too:)
he didnt replied to Bajaj hind..

mo h said...

yes sir, i second manu's sayings
except
"he didnt replied to Bajaj hind.." part of it...
:)

mo h said...

RG, manu
plz check your mails

RV
your 100point below 5170 is happening :)
with regards

assortZ said...

sir,

first paragraph of this post seems suitable for saturday post :)

after stepped in here, i feel so secured in my trade life..no words to express my thanks to you..

about your observations - i believe and have confidence on it like "mother's milk" - its always "uncontaminated", "trustable" and "H(w)ealthy"

mo h said...

hi assortz, the 5300 short turned out to be a bounty ?
:)

assortZ said...

Hi mok,

Truly I was thinking about you when mkts closed…we were pulling out cues on that evening to favour out shorts :)..and finally we got them today..”sitting tight” pays..am sitting tight yet and not closed

assortZ said...

Mok,

As RG used to say..whatever you throw about business just throw them into me also..pls add me in your mailing list..thanks

mo h said...

assortz,
i had to close it since at present i am not able to be on terminal thro the day.
So, i just rushed in to close at 5180.
still a good one :)

now, again for the not able to do the intraday, i may go for buy on dip EOD at 100ema 144ema & if happens 200ema

assortZ said...

mok,

am closely watching 1187 level at S&P, if it is taken out on closing basis in next couple of days, I hope we can see fresh round of selling and we will safely land at 5060/4950 as per above chart from sir..

assortZ said...

mok,

me too closed 5300 shorts early but re-entered them at high levels as per inputs from sir and basically am in shorts from 5298 ..

btw, can you pls provide 100,144 and 200 ema values..will keep close watch on them too

mo h said...

oh, ok. I shall also do that.
This morning sgx gave a hint too.
Sir's levels i keep copied to a note file.
But these days, not able to be browsing i miss out.
Todays US performance would matter really.

Do you think there could be a tech bounce for a day or two ?

mo h said...

assortz
200ema 4875
144ema 5003
100ema 5100
89ema 5124

Piyush Sharda said...

sir,

i always had it in back of ur mind that ur critic wud
be ur wife. but cud never ask.

spouses r best critics after all.

sir is there any study material for using moving average combinations
like 5-10-20. i geess ur critic is very good at it.
i want to learn more abt it

thanks sir

mo h said...

@ piyush

http://www.swing-trade-stocks.com/moving-averages.html
http://www.tradingmarkets.com/.site/stocks/commentary/lftw/-52332.cfm
http://stockcharts.com/education/indicatoranalysis/indic_movingavg.html
http://www.hardrightedge.com/wheel/hre15average.htm
http://www.trade10.com/Moving_Average.html

assortZ said...

@mok,

Oh sorry..got to go for small discussion at office..thanks for ema levels..

mo h said...

@ assortz
we were at another fibonacci ema [89] today,
144 makes another fibonacci ema.

assortZ said...

@mok,

Let us hit atleast 100 ema now to book shorts..and Not greedy:)

fundooguysus said...

thanx ilango sir
we r also confident and really started learning and earning in this market.
its all because of u. though many times we r in right trade but didnt have confidence enough to continue in that.now ur that confidence for us. if u say hold this position,im never afraid of making losses in that trade.

dear mok,
long time to see
plz add me to ur mailing list also,
if anything related to business.

mo h said...

hello doctor !

sure,

hi assortz
i dont have your emailID.
Plz ask RG to send your id to me.

mo h said...

dr saurab,
howz your MP coming along ?

mm said...

@mok
thnx fr d mail..

gnrly i alwwys seek input frm critic..
if u adjust both illango sir + critics comment
thn balle balle:)

c $ index

mo h said...

@ manu,

you are always on to arbitrages ...
:)

and when all of us take one guru, you got two ...

Piyush Sharda said...

thanks mok,

will go thru them,

fundooguysus said...

dear mok,
rite now im going through book, hopefully when i finish
i wil be able to do some trades.:-)

amibroker not working,in that u have to feed formulas and parameters
in them im not good.
rite now im in exercise, it will be over by 10.
after that i try to set amibroker, as one of my frnd, he is too good in this.
we are also trying to set mp in excelsheet too,
hopefully it will be success.lets c how things turn out.
i hope u have my mail id.

mo h said...

@ dr saurab
i got your ID.
If you develop MP in excel it would be great ...
I think you can ask sanjay agarwal also for guidance.
You will get MP AFL in the amibroker site itself.
I lost that link reference. You may search for it.
I will send it to you if i am able to trace it.

@ piyush,
hope you find it useful.

fundooguysus said...

@mok

good joke :-)

@manu, hope u wont mind it.

mo h said...

@ dr saurab

plz try this link too for amibroker AFLs

http://www.amibroker.com/guide/afl/afl_index.php?m=1

fundooguysus said...

@ manu
bajajhind=== support comes in the range of 113-105
weekly and daily indicators are os
more our guru will tell u abt EW COUNT.

mo h said...

US started & so far low,

fundooguysus said...

THANX MOK
actually im in feild and not having good net speed,
by 10 it will be over, only then all serching and downloading i will start.
rite now im doing all through mobile phone(airtel)

this ami is a cracked version, and im also in learning phase.

fundooguysus said...

hi mok
if u able to find out how to setup formulas in ami then let me know
or paste the link.
to post a message in blog it takes very long.
searching and surfing is difficult with net.

mo h said...

@ dr saurab

plz try this link where he says about creating a basic AFL implementation in amibroker.

From that you could adopt for more, may be ...

http://www.vfmdirect.com/kpl/show.cgi?topicid=1272636880

Unknown said...

sirs,

can i request you to add me too in your elite discussions plz ?

My Id is : m.reader2010@gmail.com. Would be very thankful if you could take me along with you.

regards

mo h said...

@ sanjay agarwal, SnP
hi,
if you happen to read this,
can you go thro RG's list and if it is not a problem to you, workout the MP values of those scrips and send it to him [for adding in his file], or put it as a supplemental file [another file] and ask Ilango sir to upload it here ?
Your Nifty values are very helpful.
Hope me asking this is OK !
:)

mo h said...

oh , sanjay, i dont have your ID, thats why posting here instead of asking over a mail.

rochak parekh said...

must we not all congratulate gautam bajaj for his invaluable input of nifty being at low on 7 th of may seems very true by now
since it is a DEEP RED CARNAGE in US markets now
I LANGO SIR
since u were of views that dow is in the range of 11200 to 10900 and since it has now broken its range, wwhats ur view for now
and somebody also told , wud be luking forward for S&P to close below 1187 seems most likely now,
so , i lango sir, in ur views what s likey scenario , do u think this carnage wud stop now in the range of 5090-5100, around next couple of days also resembling with gautam bajaj's views of nifty making its low around 7 th of may
or
are we here for some more pains now
( my disclosure, i am in deep stock specific longs )
r parekh r

rochak parekh said...

DEAR ALL
I NEED A HELP
rediff money provide services to set alert for any stock , if hits certain levels ( above or below ) to be sent to a particular mail address
SAME SERVICES i am luking forward if provided by any web site to be alerted as a SMS on ur mobile
PLEASE HELP
thanks

Sanjay said...

Dear Mok,

Thanks, My name Sanjay Kr Jaiswal and not Agarwal. It will be my pleasure, but I will have to have the 30 min data of each scrip with volume then only I can do the same. I will try this weekend.

Thanks & Regards

Sanjay Kr Jaiswal

sadanand balwant said...

Dear Ilango,
In stead of we are saying that "We want to express a heartfelt gratitude to YOU and both active Blogmates."
In spite of ability to analyze so accurately, you are so humble. It itself shows the sign of great human being.
Personally I know that Your Blog has given me new dimension for my trading.
Your weekend stories, as well as this type of comments that
“Enter the "Ring" like a self-assured man. Forget about the past. Do one good trade a week; you will make it a habit.
Always good wishes.
Ilango….”
Dear Ilango “We want to cross many more miles in your company.”

San said...
This comment has been removed by the author.
San said...

Hai ilango sir and others

Dow jones broken the 11000 support that master pointed
out today morning. Masters timing was so perfect he
talked about the twigs money flow indicator and the
imminent correction in dow jones.

11000 will now act as resistance unless short covering
comes to help. More bad news for world markets.

I am posting the charts here.


http://niftychartsandpatterns.blogspot.com/2010/05/dow-jones-main-support-at-11000-is.html

thank you

AAR VEE said...

@Ilango sir,
Will always be thankful to the Teacher.

@RG,
Doing good work beneficial to all with your stock and futures xls.Keep it up mate.(and remember not to short Reliance in short term,whatever be the court verdict,Either the News will follow the TA or it will be discounted,It’s a buy below 1000 with s/l 950 c.p.)

@Mok,
Nice of u to remember and Thanks for the mail.

1.Now the short term support will be at Monthly 5ema(5119) as broken the high ema,100dma(5115) and 38.2% retrace(5122) of recent upmove of 4675-5400.so,the band of 5115 to 5125 may give immediate support.Below which it can target the broken triangle target(5020) and 50% retrace (5035).Daily Indicators are yet to exhaust so downmove may continue with technical bounce of O/S Hrly.

2. Immediate resistance at 50dema of 5200 .Also the 5225-30 area which shows the highest volume in 2D profile charts.

3.Positional traders can keep the Monthly SAR at 5250 closing which is last series settlement price.

Sanjay said...

Dear Ilango Sir & Blogmates,

The MP Values for NS for 05/05/2010 is given below

==============
MP Values:
VAH - 5249
POC - 5225
VAL - 5179

==============

Thanks & Regards

Sanjay Kr Jaiswal

Rajagopal said...

Ilango Sir,
The pleasure is mine/ours. Together we make a better world to live.
===
Moh - What should be the parameter of the "pick". For me,other things being equal, I go for the one which has max diff between Close and Expected High/Low - i.e. simple money terms. Second is the ones with max VIX say above 1.70. Please tell me - will fix it.
===
AAR VEE : RIL was the first stock I traded - bought for 147 and sold for 151. Have deep sentimental attachment with the stock and I don't Short it. Just posted in my usual OOT way. btw, the verdict must have been already discussed/known to the concerned and already cushion is being created to take the shock. (compensation waiting in other form!!!). Pays to be Powerful.
And big applause for the diagonised levels. Salutes.

Good night Friends.

mo h said...

hi Sanjay Jaiswal,
sorry that i mistyped the name :)
Oh yes, it would be wonderful to get the MP.
I know it is tremendous efforts ...
I suggest you can start with a few scrips, and may be, on Friday rates to use for Mondays, so that you hav 2 days between.
It would be interesting, Sanjay !
with regards

mo h said...

hi RV,
wow,
Encylclopedia Aarveeca ....
How much stuff you have micronized into the 3 points !
As usual I hav cut & pasted , so that it would help recalling.
:)

Did you find the Hourly interactive OK ?
For this month series you have to change the scrip code in the link.
Hope to read more from you.

deepak said...

i feel in HIS GRACE on coming to ur blog
u create vibrations of compassion among all of us, blogmates too r so humble
humility is a sign of SURRENDER, ACCEPTANCE,SATISFACTION
GOD BLESS U (u r blessed),rather GOD BLESS US UR COMPANY

i m a silent reader of ur posts, i want to know about where to put stops and how to trail them in ur stategy 4 aggresive, conservative or posn trade

thanx
deepak

prashant shah said...

hiee llango sir...thanxs a ton for ur valuble study and shareing ..m learing studant n m v happy m here once agin ty v much llango sir ... rajgopal sir thanxs a lot for ur TA IN EXCLE TY TY AND TTHANXS EVERY ONE BLOG FRIEND HERE SACH A NICE FAMILEY HERE FEEL V HAPPY HERE...REGARDS...

mm said...

@dr. S
i m myself a joke..
selling nifty and buying bajaj hind..
forgot whn mthr nt n a good mood on the d day
then hw my sugar will be sweet:)

@ mok..
it will be a pleasure if sirs critic also
interact on the blog..

so no arbitration just hedging:)


@sarvana
nw u didnt made a prompt fr 50pointsaday:):):)

mo h said...

@ manu

:)

cool

sadanand balwant said...

Dear Ilango,
From your given analysis,as a day trader I am trying to find out opportunities for tomorrow's day trading.For me up to 5080-90 little bit comfortable.Last hope as day trader shall be 5060-50.Below it, there might be again one sided game.

HariArani said...

Hi Ilango Sir,

I/We are blessed to be here in your company. As I started my nifty trading blindly and lost so much money. But after coming across this site, i am recovering my losses with your valuable views. Thankssssssssssssssssss a ton.........Ilango Sir.

The other blog mates like RajaGopal Sir (now he changed to OOT RajaGopal :-) ). But never think like this.........If RG sir is telling something means........always some intended meaning will be there.......If we cought that, then for sure it will be benefit.

The other's company like mynac, mok, aarvee, manu, Goutam Bajaj, assortZ, Sundar and many more people's efforts in this blog are making incredible trades every day.

Thanks a lot Ilango sir........ :-)

sadanand balwant said...

Dear HariArani ,
I am novice here.Just a day trader and trying to see the market beyond one day/days.Thanks for your comment.

Sunny said...

hi dear sir ilango
Thx a lot for yr velueable suggestion for mkt everyday and every scary movement
iam came in this blog last 6 month.and i am something archive from here eeverday here .
so thx a lot sirjiii
" east or west ilango(sir) is best"
regards,
alpesh

Unknown said...

hey Ilango ur always here to contribute and its a selfless deed and i admire u
for that
I come only here becoz I like everyone here and i want to help + i
feelat home :)
heres wishing everyone success!
by the way 7th will be last down day 4950 (possible?)- gautambajaj.blogspot.com
my previous blog delted by google bots

Unknown said...

:-(

Ankurbbhatt said...

Thanks a Lot Ilango !! I believe you already have a Heart full of gratitude..You always recieve abundance when you have such a heart ! And I believe you have all those qualities..On top of that, you have the Humility to learn endlessly from right resources. I wish a life full of Joy, Love and Wealth in all respect to you... Thank you !

assortZ said...

mok,

i can be reached at rrkrsn@xxxx.com

Unknown said...

Sir,
We are blessed to have you as mentor.
If God likes to visit some good place on this earth he will surely make an effort to visit this blog and our blog-mates[all good hearts trying to help others and being selfless].
Happy to be your silent student and willing to learn more from our blog-mates
Thank you
prabha

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