This platform is to share such "Applied Knowledge" and not to share one's "achivements" and on that score there can never be any dispute and absolutely no compromises. It serves nobody's cause except a glorious ego trip for the boaster.
No one really cares for what you did with your trades or how you predicted the fall some many months ago...We all have such intuitive feelings about the market at various times but what use is it to anyone if there are no reasoning to it. Our aim is to bring some order into reading/ observing the prices using certain tools and approach the market with some strategies..
If you want to help your fellow readers, share your strategies and its reasonings time & again. You will grow in sharing. If you can't, don't spoil the place.
I am aware it is an open space and intruders are difficult to be kept at bay. If no sense sets in them, I'll have no other option but to make it "Invitees only".
Swami Vivekananda says,
"Take up one idea. Make that one idea your life - think of it, dream of it, live on idea. Let the brain, muscles, nerves, every part of your body, be full of that idea, and just leave every other idea alone. This is the way to success."
"“Do not stand on a high pedestal and take 5 cents in your hand and say, "here, my poor man", but be grateful that the poor man is there, so by making a gift to him you are able to help yourself.It is not the reciever that is blessed, but it is the giver.Be thankful that you are allowed to exercise your power of benevolence and mercy in the world, and thus become pure and perfect.”
"Take up one idea. Make that one idea your life - think of it, dream of it, live on idea. Let the brain, muscles, nerves, every part of your body, be full of that idea, and just leave every other idea alone. This is the way to success."
"“Do not stand on a high pedestal and take 5 cents in your hand and say, "here, my poor man", but be grateful that the poor man is there, so by making a gift to him you are able to help yourself.It is not the reciever that is blessed, but it is the giver.Be thankful that you are allowed to exercise your power of benevolence and mercy in the world, and thus become pure and perfect.”
14 comments:
Sir,
If i made mistake kindly excuse me.
i presume the market correction( C wave Day) in Triple wave i,e [a,b,c(w)],X - [a,b,c(y)],X - [a,b,c(z)]. if it gos above wave ,c(y)-X may not be exceed 5861-5871.
Thanq
Dear Ilango Sir and Blogmates,
One thing I would like to mention that today's volume on Nifty and Bank Nifty is lowest in the last 2 week.
Thanks & regards
Sanjay Kr Jaiswal
I feel the pain in your words but you will realise that the push cart vendors don't read what you share since they have their own ulterior motive to come here. Best way is to be bold enough to declare an alert to the readers to be wary of the intruder.
Dow is down for more than 152 points. Looks like today NIFTY move was trap.
Let`s see the damage on NIFTY tomorrow...
D/Sir,
So,idea of 'invitee only' blog in your thoughts !
To leave the on-going great idea of sharing rather
caring commoners !! At the mercy of offenders !!!
Better to consider ways as Mr Rajagopal said or to ban etc.
with regards
Tanay Banerjee
@Sanjay Kr Jaiswal
You are right volume in todays nifture future is 60% of fridays volume.
Given the kind of 70+ points green in dow futures when we were closing and now dow is down with 100+ points says that it is game of FIIs to trap innocent retail bulls.
Always follow sirs tech table to avoid such traps. One should have exited intraday long or hedged since week and day trend is down.
Hats off to illango sirs tech table and his efforts to help innocent traders like me.
Dear Ilango Sir
Your doing great great job amidst of lot of noises(some people are misusing this blog for
their advertisement)
Keep up your running with great pace amidst of the huddles(noises)
Thank you as always
Aru
sir,
selfless service is the bridge
that will take you from the life
of world to the life of the
SPIRIT.
We should be proud to be as Indians and world's best Democracy. There is a reason.. to know...
http://www.outlookindia.com/article.aspx?268199
http://www.outlookindia.com/article.aspx?268068
http://www.youtube.com/watch?v=Qz7oakIw7Hk
http://j-aj.com/barkha-dutt-nira-radia-exposed-tape-part-1/
“Do not stand on a high pedestal ....
देनहार कोउ और है, भेजत सो दिन रैन।
लोग भरम हम पै धरैं, याते नीचे नैन॥
---
Some control sort of mechanism must be there to keep the blog purposeful & efficient.
- Shyam Biyani, Kolkata
Today Nifty opened mildly positive and built on to its gains as the session progressed. It finally ended the day with a gain of 78 points at 5830. On Friday Nifty took support near an important level. It is important because of confluence of various factors like the Fibonacci retracement level of the recent move from 4786 to 6338 and the support offered by the upper band of a year long trend channel. Today we have witnessed a bounce and the bounce still has a minor possibility to edge higher. However the level of 5870 would now serve as an immediate resistance. Overall Nifty still remains susceptible to selling as long as it trades below 5940 due to the bearish setup on the weekly chart. Support levels for next few days are placed at 5800 and below that at 5770. The level of 5720 is a key support to watch out for. A breach of that may drag the index down to 5660.
RDP said...
Options addition is generally considered from writer's point of view becoz he is taking more risk than the buyer of options.
Dear RDP, You & your understandings are absolutely correct. No doubts.
From trading point of view if you will observe there is good 10%+ addition only in 5700 PE. But Nifty has given a close above 5800 where there is just 5% addition, which is indicating the lack of confidence in Bulls move. Even dear Sanjay has particularly mentioned, today’s movement was on lower volumes.10%+addition in 5900 CE is suggesting immediate resistance.
Here I would like to again mention that on last Thursday when we feel that 5800 is strong support for 'this' fall, in last 20 minutes Nifty was heavily sold from 5828 to 5781.Even today Nifty traded in between this band only but failed to give a "convincing" up-move above 5830.From that point of view it is still indicating a weak close for me. Even today after 3PM NF slept below 5857 where highest intraday 1 mnt.volume was resister, very sharply up to "5830".
So all N all I personally don't expect any miracle, at least in tomorrow's trading. I will watch Weekly pivot 5821 & S1 5775.Market is always supreme so let us see. Bye.
I have written about it previously but mentioning it again that the roll over for this series is mainly between 6050 & 5850.Today it is closed at 5844.75.Still long way to go.
Sir,
I am a silent backbencher of your class.Learning slowly but steadily.
Words cannot express my gratitude.
Please do not make this blog "invitee only". Thousands of students like me would be helpless.
Regards,
Ranjan.
I second that, picman. When there's freedom, there are always a few who choose to misuse it - some even think the purpose of commenting in blogs is to advertise their own.("nice work here, pal. You should see what I can do.":)
Invitee-only egroups/blogs get boring over time, like all closed-door, sororities. No flow, so even bloggers get bored.
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