"This week for RIL" mentioned 2 weeks ago did not oblige but this week/ today might do it. Above 1075, it would show a breakout with 1050-1055 as the support to be intact for upside potential.
Monday, July 26, 2010
Nifty PreMarket View.
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep moving higher. This "5405" will get revised upwards as a bearish trigger based on the prices in the coming days.
"This week for RIL" mentioned 2 weeks ago did not oblige but this week/ today might do it. Above 1075, it would show a breakout with 1050-1055 as the support to be intact for upside potential.
"This week for RIL" mentioned 2 weeks ago did not oblige but this week/ today might do it. Above 1075, it would show a breakout with 1050-1055 as the support to be intact for upside potential.
Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
-
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
158 comments:
Sir,
Price should reverse to mean. From what level - Bollinger band upper levels can give clue.
Ultimate Osc also giving topping out signals.
http://3.bp.blogspot.com/_ZU53ckHTvwo/TEz4MK1qQWI/AAAAAAAAA2k/xFhovV-1Yjs/s400/bbweekly_final.png
http://4.bp.blogspot.com/_ZU53ckHTvwo/TEz4N42FfBI/AAAAAAAAA2o/Q7YhY5UUW20/s400/bbdaily_final.png
Good Morning all!
Charts Links on http://niftylivechart.blogspot.com/2010/07/nifty-key-levels-26-july-2010.html
good morning all
Hi Friends,
Here is the link for Today's MySAR_A levels.
http://www.4shared.com/document/JjlzdQ6B/MySAR_A_Future_for25th_.html
For points earned so far, the link is :
http://www.4shared.com/document/DFC67-YP/Points_earned_23th_.html
-gauresh59
Probable range today.. 5405-5475.
Good Morning Sir
Good Morning Friends.
Gm Dear Sir and the whole TA Family .
Regards
Good Morning Sir and All Blogmates.
GM everyone - with asia retreating and our markets looking extremely-cautious - we've an interesting day ahead....
Good Morning Sir
Hi Friends,
On the basis of MySAR_A level Maruti had triggered for conservative short on 14th July @ 1382. Today it is trading at 1212.
-gauresh59
Good morning everyone
Nifty 15 minutes chart with support lines
http://niftychartsandpatterns.blogspot.com/2010/07/nifty-15-minutes-chart-with-support.html
Thank you
good call gauresh59
Dear Ilanog,
One Mr. Rajamankiam is struggling to see the beautiful world outside, PLEASE PRAY FOR HIM, at the moment he is undergoing a bypass surgery. Thank you everyone.
Sudhin
@ gauresh,
What are you trying to achieve with your daily comments..? Make people "dependent" on you.
What happens to them when these postings stop..?
Do they have to search you..?
I have always worked in a way that my absence should never be felt.
If you have gained something from here and developed a better system, either you share it with everyone here OR
Keep it as your own as you have every right to do so but do not simply post it to make my readers dependent on you....Please.
@ Sir
Short term buy can be initiated here?
A low risk Long entry point for the day.
@ Sudhin,
Our prayers for Rajamanickam's safe operation and speedy recovery.
ilango
Gm Illango Sir,
Reagarding Gauresh level I made a guess it is 13 Ema of
every script or near to it.
I also Swing trade on the basis of 13 Ema & I find
Gauresh level very near to it .
Sometimes it gas a diference of only 2-3 points.
I will check more & post
Ilango Sir, much needed words from you for all those publishing their blogs and profits earned by their recommendations - thank you - your blog gives a feeling of a family where more stress is on "sharing" the knowledge rather than "alluring" people to certain blogs and links...
Good morning Ilango sir and all
Sir is it an ORB sell?
Good Morning Elango Sir and All
Have a nice trading today !!!!
GM ilango sir and all,
please tell me where i can chack VIX live during market hours. thanks
If this is a normal "abc" correction in the uptrend,
a = 5475 to 5435
b = 5435 to 5465
c = 5465 - 40 points comes to 5420.
The correct SL for any Longs is 5408.
GM All :)
"Rajamanickam" name cropped up when u informed of your visit to native. God be with him and family for a speedy recovery.
===
Sir, your words to Gauresh is applicable to me also since I have not given the formulae in my N50 sheet. But I have confirmed that all the formulae are taken from your tech file only and output generated thro a software. It is not maintained in excel.
Thanks Ilango for your prayers, I value everyones prayer ver much.
For those who want to trade IN THE SAME COUNTER, IDBI is one which is regularly giving 5 rupees movement. It is at present below the 5highema. Recent hi=126 n low=105.
Suggested method buy a small qty around 110 and then every 5 rupees down, but book profits if the last position is giving profits.
Personally I do not hold any share now, but would buy around 110 if the nifty has a good chance of going higher, if one is not bullish on the nifty then wait for lower levels. Sudhin
OMG!!! - Can somebody check this. MUL has 1300% of 5Day and 600% of Friday's volume average in the first hour.
Ilangoji,
Would 5408 or 5405 be the S&R also?
Men
May GOD bless with speedy recovery. Not to panic.
All the blog memebers and their familys wishes are with you
Bala
good Morning Sir and Boarders
GM Ilango sir and all. I m back after a week. Blessed
with a baby girl.
GM Sir & Frnds...
Sir,
I am also posting my links when chart shows an opportunity. I too saw too many links appearing in the comments section recently including mine.
The above link that i posted would be the last. From now on i will share my views and any one interested in seeing the charts should see sir's blog roll for new updates.
Thank you
@Rajgopal sir,
MUL?
Congrats Bizagra,
God bless your family!!!
@bizagra,
congratulations on Laxmi coming to your home.
best
m
@bizagra
hearty congratulations!!!
@ check when is MUL result/agm as there were very heavy informed rumours of bonus in that counter so again a informed selling to be followed by an informed buying?
Congrats Bizagra!
@Bizagra,
Congratulations! We are due for a treat now.
@bizagra,
Congrats.
Ilango sir is there a possibility of a Fast Rise setup on hourly chart 8 and 21 ema??
the result was out on 24/07/10 so something else cooking up
Congratulations Bizagra for a little star in your family.
Regards
congrats bizagra,
I have some connectivity & posting problems.
@ Bizagra,
My heartiest congratulations to you.
Let her bring more joy & happiness.
@ Rajagopal,
You have already cleared it & the file size is big too. Besides, your file has all the titles/ headers that anyone can find the workings if interested.
@ San,
I am sure readers can reach you with a click on your profile.
@RG,
What happened to Hero Honda and Maruti today?
@bizagra
Congratulations
Dear @Sudhin!
My sincere wishes for speedy recovery of Rajamanickam's health.
Dear @Bizagra!
Congrats for new baby,God bless u & ur family.
Dear @Bhavan!
MUL result are out at weekend thats why its bleeding.
Rgrds,
KUMAR
Any clues on BN sir
Dear bizagra,
Congrats on new arrival.Pehali Beti, Dhan Ki Peti.
@Bhavan
There has been a sharp increase in royalty paid to Suzuki (5.9% of net sales versus 3.6% of net sales in previous quarter). Since the results were declared on weekend, the market has discounted this news now.
@bizagra
congratulations...
Thanks everyone. Even we are three brothers with no sister.
And my brothers also having sons only. So she is the first and
my parents are very happy.
Dear Sudhin,
Our sincere prayers for Dear Rajamanickam's speedy recovery.
hi mynac
any options input...
@rg i personally feel this is to do with RBI policy as both herohonda and MUL taking a fall soonce the RBI policy is out with norate increase there willbe buying on the expiry day
For next series now it is interesting to see that how many BIG players want to roll over above 5420 because the earning season is going to end.
Daughter is a daughter for life and a son! Congrats Bizagra
Dear wormwood34,
Excluding today just 3 days to go for expiry so I am just watching first 5420 and then 5408-5 as Dear Ilango has mentioned earlier.On the contrary I do not expect much movement from here only due to near by expiry.
@ Bizagra,
Congratulations!!:)
Good Morning ALL
Bizagra congratulations.
Next target son?
@ Bizagra,
Hearty Congratulations!!
@u.k.Raj
All targets achieved. No new position.:)
Fortis is looking very interesting. Today,it has bounced back from a year long trendline support, broke out of a month long consolidation range and volatilty squeeze. Looks a good buy in any dips with a SL below 154. Nice volume too.
Reposting,
Ilangoji,
Would 5408 or 5405 be the S&R also?
Last three NF expires,April,May,June 5254.15,5003.10,5320.60 respectively.If anything wrong then Pl.correct me.
Bizagra - congrats man! i personally believe that women are next to God as far as love is concerned - be it a mom, sister, wife, friend, daughter.....if there were no women in world, it wud've already gone to dogs.....and we are entering an era where women are going to rule the world :-)
Nifty Creating a wedge (continuation pattern) breakout of this pattern gives appx tgt off 5520.
any technical indication whether market is getting ready for a fast-rise/fast-fall scenario? looking at asian markets - our markets might not fall too much (as europe mostly will open in green) but because of RBI policy/future expiry - markets do not willing to go up also - so????
Dear @Janak!
It does not matter if women r going to rule the world. Men dominated long time & women's condition is still very poor in our rurals. Men must support them if they deserve & we must start all these from our own home. Ur thoughts are encouraging & worthy of praise.
Rgrds,
KUMAR
Bizagra - congrats
Convey my best wishes to your wife and children.
God bless you.
Regards
SRYAS D MURALI
Dear Ilango sir & Friends,
Having read comment for posting links for MySAR_A levels, I would like to clarify that my intention is not to make any one dependent on me. For sharing my trading technique to every one is difficult at this stage simply because MySAR_A levels are derived with the help of several different filters along with 5EMA, 5HighEMA, 5LowEMA in a relative manner and not in an absolute manner. Means filters vary from script to script and hence I share only MySAR_A levels at this stage.
Now onwards, I will not post any link for MySAR_A levels. Of course, one can search me through profile (which I have updated just now), if he wishes to have the levels, I will try my best to send levels through email.
-gauresh59
Ilango sir, can we take 5405 as a sell level for conservative trade??
Thanks
reposting
@ all
can any one tell me where i can check VIX live during market hours. thanks
Guaresh Like for Nifty, why do not you provide an example for your derivation of SAR
Dear Ilango Sir - as per Camrilla calculator nifty is buy at 5430.67 with SAR at 5417.54 - Nifty is sell at 5456.93 with SAR at 5470.06 - Regret delay in posting as i was not well so reached office late - Will post these levels on daily closing basis for next days trade as i find this calculator ot be very exciting - regards Deepak
Guaresh,
May you tell how you derived your latest SAR for nifty
@sanju
You will find the chart at NSE
http://www.nse-india.com/marketinfo/charting/OnlineIndexChart.jsp?indexname=INDIA VIX
anyone using rkglobal can put their views..i like to open an a/c with them......
@Rajagopal
Shall I buy SBI at this level 2438.
@ r m sir,
thank you very much for link
@wormwood34
Trading on RKGlobal's ODIN is just as good as any other broker. But RKG's website trading was atrocious when i tried it last year, maybe they have improved since.
r m - RKG's offer of Rs. 9 per lot (comes to 18 for both legs and total rs. 80 incl. of all taxes) is irresistible - but HOW IS THEIR SERVICE? If as u say ODIN works fine - i am thinking...
@Sanju
Please don't "Sir" me, i have done nothing to deserve that. :)
@Janak
RKG's service are just as good as any other brokers. Nothing particular to grumble about. :)
ALL,
SInce 10:00 today... if u look at the charts on NSEINDIA
of nifty then it seems to be making a triangle pattern EW wise...
3-3-3-3-...which means it shud give rise to sudden n strong upside...
AM I right???
hi everyone, looks like a breakout?
Good morning sir & friends !!
@wormwood34
Well no doubt RK Global is d cheapest when it comes to fno or bulk trading. However if you choose to go for it....i'll say go for odin. They charge Rs. 300 p.m. for odin & Rs. 99 p.m. for browser trading. But the browser based s/w is pathetic. Even on odin u'll find issues of problem connecting to the server at the time of login but still its far far better as compared to browser s/w.
a big thank you to
rm manni janak...
Can anybody give updates about RBI credit policy reports?
uh-oh....
Not so... else it wud have made aother 3.... made complex B thats all
@Yoda,
Breakout seems to be above 5460-63 levels to me.
RBI policy is due tomo
FIRE, YODA - GM!
are we bears or bulls today? :-)
I am a BULLISH BEAR TODAY :-)
alright, Fire, Neha.
Janak, I'm a bull today. I think I've got used to taking longs.:)
@Janak,
I am bullish yet. here is a NS 15 min. chart -- http://picasaweb.google.com/112295801969323600289/FIRECharts#5498106226316648322
I hope posting a chart is alright. :D
Better see this --
http://picasaweb.google.com/112295801969323600289/FIRECharts#5498107282408414706
56000 Cr Turnover up to 12.30 is not a bad one when Nifty is trading between just 25 points in real sense.
Sold Nifty future @ 5443 SL 5452 Target 5420
bought 2 lots of nifty 5500 put @ 69 SL 62 Target 85
market holding quite well, inspite of sbi and maruti and others at day lows.
ga sir and friends,
congrats bizagra
Congrats, bizagra. :)
Dear ILango sir!
Today Hourly EMA updation Tech Table is missing, is there any problem or some error at my end?
Rgrds,
KUMAR
trailed stop loss in nifty 5500 put to 71
trailed sl in nifty future to 5438
@ Ilango Sir,
is the TT updated today? I am not able to see the updates? Pl. help.
Sir & Family
GA..
@Bizagra
welecummm to d club of D's:)
wishing fr her good health..
@Everyone
Thanks
Ilango sir no comments from you for long time today???
booked nifty 5500 puts at 75
exited short future @5436.50
The master seems interested to see today itself, if his students can themselves well in his absence.
Some intraday positive divergence seen.
lol, Fire.:) Ty for your chart.
I get in a bad mood too when I have to say anything unpleasant to anyone.
today FII figure must be -ve as selling is on in cash shares.
Today again market breadth pretty bad.
are we going to break 5420??
bought nifty 5400 call 2 lots @ 48.60 SL 45 Target 58
How to Download and Use New Indian Currency Symbol from Keyboard http://www.blogsolute.com/how-to-download-use-write-indian-currency-symbol/9376/
with the intraday charts oversold a bounce is due after 2.30
Sir,
Tech table updation please
thanks in advance
regards
@Yoda The market usually in a very strong trend always faces a strong resistance going the other direction but is defenitely drifting towards second suppot or 5405 as from opening itself it is continuosly trading below pivot so atleast will touch 2nd support and VIX continously rising
@ Sujatha THe sir has posting problems but in the morning has already given 5405 a exit/point to watch anyways market trading below VAL levels And what are your fibo levels
at 10 37 Ilango wrote:
I have some connectivity & posting problems.
Dear All,
The Tech Table upto EMAs alone is as follows:
Time High Low Close 5-EMA 5- HEMA 5- LEMA
10 5,466 5,429 5,430 5442 5460 5436
11 5,444 5,429 5,436 5440 5455 5434
12 5,441 5,431 5,435 5439 5450 5433
1 5,444 5,431 5,433 5437 5448 5432
2 5,433 5,416 5,422 5432 5443 5427
Regards,
Veer
RG sir any news about RBI credit policy? Is market reacting to the adverse news which is to follow tomorrow?
The 50 min sma ... has crossed the 200 min sma mildly(as of now) on the downside...intraday
Recently I am testing an indicator called GMMA (Guppy Multiple Moving Average). It is basically a collection of different EMAs. The attempt is to understand the difference of pschology between the investors and traders of different time frames. I can't vouch for its accuracy right now, but it gives a fresh perspective. Applying it on the hourly chart of NF, it shows the current fall as a temporary correction, not any serious reversal yet as the longer term EMAs are maintaining their separation (sign of confidence among the positional traders). Though the shorter EMAs are contracting and crossing each other (sign of nervousness). The importance, justifiably, is of the longer term positional traders. The first sign of real weakness would come from a contraction of the longer term EMAs, which is not seen yet. From the perspective of this indicator, the scenario looks very similar to 14th - 15th of this month.
I have been interested in the importance and different applications of MA after coming to this blog. So, studying this indicator is an attempt to expand on the knowledge I got here from Ilangoji. Take all my words from purely an academic perspective.
Exit longs.
Create shorts in the region of 5420-5435.
To the relief of many friends, I also have net connectivity issues. Making multiple tries to
Wish Bizarga's daughter a great life and future. "Lucky men's first born will be a girl child"-Chinese Proverb. (Disclaimer... he he he...). Congratulations friend.(Start SAVING and buy GOLD).
---
SD : Banking (SBI) can go anyside. If it is only 25 bps raise may be tolerated. Otherwise boomb....
NS corrected exactly 61.8%@ 5413 of the last rise from 5372 to 5477.5.
5 DEMA ON Friday----------5418
5 DHEMA Fri------------ 5440
Do not short immediately. Wait to see this intraday bounce & its resistance @ 5435.
@rg,
can vouch for the luckiness of a first born girl child.
exited 5400 call @52
Dear Bizagra:
Congratulations!! You are really blessed by GOD having a girl child; Wish you all tons of Health and Happiness..
Ramesh - SIL
@Ilango Sir,
Thanks for the post. Waiting for so long. Importance is felt, when missed.
5L PUTS 5500 UNWOUNDED TODAY. iS THAT A CAUTION SIGN OR WE WILL SEE THIS ON EVERYDAY BASIS NOW?
Ilangoji,
Exited longs and took 1/3 shorts@5419 immediately after your 1st message. What should be the SL?
bought 5400 put 1 lot @ 83
Ilango sir:
thanks for ur timely post.. hope this will be a CONSERVATIVE SHORT position which we are about to take;
Pls respond if possible;
SIL
Prashant,
July 5400 puts are at 27 and Aug is at 103
So which month put are you talking about?
sorry its 5500 put
must be 5500 put
SL for 5500 put 78 Target 95
@ SIL,
Take 1/3rd qty first as the close will be below 5448(High ema).
Another 1/3rd if closes below 5418.
Thank you Ilango,
Regards,
SIL
throughout the day, the 5400 call was being sold at
high premium. This suggests that market may not
expire much above 5400
NEW POST DONE
Ahead of 3.00PM
current wave count invalid if 5400 spot gets breached...
Ilangoji,
The rising wedge breaks below 5399. Can we go total short if NS comes below that?
Hi Everybody!
I cautioned all of you before friday's closing to reduce long bcoz Nifty was making a doji & Advance decline ratio was in favour of Bears. Today a Black candle after a doji, looking like a Evening star pattern. Ilango sir will clear picture better but for me its looking a reversal now.
Rgrds,
KUMAR
can anyone pl. tell me what are the European indices? usually, i chk. them on moneycontrol.com but the site seems to be down at the moment - any alternative site to see the indices?
@janak
bloomberg.com
Bhavan, right. I guess the time for longs is past now.
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