Tuesday, January 4, 2011

Nifty Intraday Update-III


21 comments:

Prachi said...

Sir, this buy arrow shown in chart is for intraday if yes then wht shud b the sl for this trade?

thax

Prachi

Bhavan said...

@Suj.?there or not?the mkt should end in + ?

Ilango said...

@ Prachi,

Do not take these signals isolatedly, please.

6175-6185 continues to be resistances and 6209, the 80% retracement as SL for all shorts.

For intraday longs, you may keep 6160 or 6150.

Debdeep said...

What a whipsaw day.

prashant shah said...

COVER AT@6170:)

Debdeep said...

BNF at day's low again. or rather below the prv low.

Prachi said...

thank u sir I hv not taken any trade
Prachi

Ilango said...

@ Prachi,

Try to initiate trades based on preplanned levels and use oscillators for confirmations only.

Vipin said...

Ilango sir,

any new trade only outside the range of 6150-6185.

Bramesh said...

@Bhavan Bhai

Thanks for the Link

Sunny said...

hi dear sir ilango ,
can we buy bank nifty ?
it is run near 20 sma @11524
regards,
Alpesh

sreyO... said...

sir..i've initiated a short @ 6192 nf...shall i hold it for tomorrow?

Prachi said...

ok sir I ll do that
thx

POWERTRADE said...

Jackpot for life time

Buy IFCI 75 call target 100 by expiry
Buy Chambal 110 call target 120 by expiry
Buy SCI 150 Call target 180 by expiry

No SL

Total investment 7000 Approx and rest jackpot for life

7000 can be recovered easily form NF too

Ilango said...

@ SreyO,

If NS closes below 6139, hold the shorts. If not, book profits.

@ alpesh,

BN has triggered both J10SAR @ 11626 and JNSAR @ 11556.

Buying here may give some returns if there is a short term bounce. But that would be a high risk one.

I suggest for you: Always get into a well planned trade.

Do not initiate a trade just because you have no trade in hand or You missed a sell., so you will buy. Think about it.

Sunny said...

dear sir ilango,
thx a lot sir

Sujatha said...

Good afternoon sir and everybody :)

Ride both the sides bhavan..supp. to resis. resis. to support. good going.

Bye

PS : Giving my late attendance :D

bizagra said...

Ilango sir, it is below 6139, but on average it ll b above it, so sud we carry shorts in this case?
Thanks

Ilango said...

@ Bizagra,

Intrday chart looks OS. Book Profits.

Take a fresh trade tomorrow.

bizagra said...

Ilango sir, booked.Thanks

Rajagopal said...

Bye Sir. Bye Friends.

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