Here is the KST indicator
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....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
92 comments:
Ilangoji, is it "fails to clear 5500" or "if it clears 5500"
Master,
A bit confused about the conservative trade. Is the sell @5505-5515 still on? If nifty is not able to clear 5500, then what should be the selling level?
I don't understand ..."if it clears 5500" what does it mean?
@Ilango sir -
Thanks for the appreciation shown .Though I follow only the technicals for trading ,these topics fascinate me and i try to read about them and corelate with the ongoing TA.
As i understood, If it clears 5500 then sell only below 5475 for conservative.
@Kumar Sir ... In my words if Nifty goes above 5500 then sell below 5475... is it write?
Buy Nifty 5500 Call @70 & sell Nifty future @5490 and sit tight. Maximum loss is Rs.80 & enjoy, RBI policy, Moon eclipse & so many other things till expiry:)
@Prakash
Thanks for the interest shown.
@Crorepati
Hope it comes true and makes all of us crorepati:))
@Kumar
Thanks for the appreciation.I find u doing a good job here of guiding and putting in ur real time trades for benefit of all.
@Ilanog Sir
@Kumar Sir
BN levels ???
Also Kumarji, Advance Corporate Tax numbers today;
Sorry for Typo read "write" as "right"
@ PT,
BN would become weak below 10730. Strength only above day's high-10795.
Down momentum would gather below the recent lows of 10615.
Thanks a Lot Sir
Dear RV!
Thanx for ur kind words, its really a reward if its coming from a nice person like you. I feel very happy when any member tells that he earned money with the help of my view.
Dear Powertrade!
Just have a look of my morng msgs, i already gave my levels of Bank Nifty future there with my view.
Good morning ilango sir, drsir, kumar sir and all jnfamily friends
GM Ilango Sir & JN Family
@AAR VEE - thnx a lot for astro view. Y`day i was searching for it
@AARVEE
its very informative.thanks
@Kumar Sir
Got it Kumar sir ... Planning to take 10800 puts on rallies
Hi PT as per my little knowledge Banknifty puts always trade with very low volume so i think you should go for short BN FUT not for puts
@kumar sir. Got in. I am so comfortable with your covered calls :)
Jigs said
Hi PT as per my little
knowledge Banknifty puts
always trade with very low
volume so i think you should
go for short BN FUT not for
puts
June 15, 2011 10:26 AM
@GM sujatha
@tangotaurian-
Thanks ,hope it turns out useful.
Also thanks for ur excel file.It already is very useful.
nifty in 30 min charts
https://picasaweb.google.com/113312275054870812803/Jun152011?authkey=Gv1sRgCP_MgqzahrM7&feat=directlink
@tangotaurian. Will be doing paper trades on nifty and BN as per your excel sheet from today :)
Gm jiggs - i crossed u while typing :) :P yeah that's y i posted that "Q"
and there is a itching it may go again to 10830 level?? hope DRji will confirm the BN master :)
Considering
Latest H-L: 5520-5477- Sell at 5493, Support: 5465, 5450
otherwise
previous H-L: 5605-5437- Sell at 5501, Support: 5391, 5333
I am not a expert, but this is my view.
@sujathat
Ya Banknifty is in total control of DRSIR :-)
Did you saw my yesterday's warning for gold and silver trader friends? Gave me good profit
Never trade option in BN
very low vol and dont find any suitable seller or buyer
to square off :D
@Sujatha
No -- Hardly any volumes but if The BN falls heavily from 10800 the it can be a Jack Pot and always there is a huge gap between buy price and sell price .. So will Play in Just 4 lots :)
@sujatha sorry typo
@DRSIR GM sir
@Dinesh Sir,
Very True --- So just Small Qty .. Rest Only Future BNF and NF both
@Jigs
Yeah Will short BN too at Higher levels or on break of 10730
Dear Powertrade!
If u have no issue of margin then buy 10800 call & sell Bank Nifty future in whole sale, U will get better return than puts without putting any stop loss bcoz ur calls will be ur SL.
@Aarvee - Yeah… M expecting dis tym surfin shud b furious …
Thnx for u r kind words, its very encouraging…plz let me know if I need to do any modification in xls...
@cooldent - m more into stock specific tarding than index n resuts are well for stocks...not checked wit Index, also plz let me know if I need to do any modification for Index ...
I am bull with horns sharp as roses throns
follow bull, Never take the bull by the horns
Kumar Sir,
Sorry to interrupt but here is a confusion. What if BankNifty expires just at or between 10700-10800 itself. Currently it is trading at around 10750. Now if it expires (this month) at 10800 then the Calls would be at 000 while the trader will bear a loss of 50 points. If banknifty expires at 10750, then No Profit No Loss situation in Futures while the Calls would be at 000. Only a close below 10750 would benefit the trader.
On the other hand, if BankNifty closes at 10900 then the trader would bear a loss of 150 points in Future while he will earn only 100 points (perhaps less) in his Calls.
Please explain the reason behind your concept. Please remember, this is NOT to point my finger upon you or your analysis but I just want to learn the concept.
Regards
shekhar
@shekhar. answer lies in your question itself. Isnt it better than a naked short ?
dineshwa bankwa options one should slowly accumulate deep
in the money option both sides if spot is 10 500 buy 11000/10800 pe and 10000ce/10300 max risk is not more than 3 % but rewards u know if it move 10% in any direction, incase u dont get buyers u can exercise the options but generally u get buyers in the panice direction as many headless chicken sare trapped on the wrong side:)
Cooldent Ji,
I am sorry, I could not understand it. Please explain !!!
Mr Cooldent,
Now I got your point. Yes, of course it is better & actually much better than Naked Short Positions.
I have learnt here only, MONEY SAVED IS MONEY EARNED.
Thanks for your guidance.
@ Kumar Sir,
Sorry if you are irritated with my above silly question but it was a little tough for a loser like me to understand the concept.
Regards
shekhar
Shekhar said.
if BankNifty closes at 10900 then the trader would bear a loss of 150 points in Future while he will earn only 100 points (perhaps less) in his Calls.
1. Your loss is less than wt u would have if u had taken naked short.
2. As of now i am not aware of any trade which can guarantee you no loss :)
Shekhar Bro aap ney trading shuru ki kya?
@Kumar Sir,
Thanks a Lot
Drji just for fun: see how ur killing the bears :)
http://comerecommended.com/files/2011/02/bull_by_horns2.jpg
Dear Shekhar!
We are here for trading, not for gambling & in trading one must know stop loss of his trade. So if this trade goes against, then in that case this call will save u by any major loss upto this expiry. I m not irritated at all, u asked a genuine question. Those questions worry me when somebody ask that he bought some puts and what is my view upon his puts?
RC
ha ha ha ha its my real condition
bull hai ki maanta nahi :D
good morning Ilango sir and JN family - chart patterns have been updated at my blog
I continue to carry yest shorts with trailing SL shifted to 5510 based on the hourly falling parallel channel
@ram charan :D
Dinesh Bhai,
Abhi nahi kee, waiting for the right time to come, shaayad agle mahiney se shuru karoo, isliye yahaa aa kar seekh rahaa hoo aur apni jaankaaree badhaa rahaa hoo.
Haa, pichhley mahine 5000 lagaaye the Nifty Option mei lekin No Profit No Loss par nikal gaya tha. Koshish ki thi tab ki achchhaa profit ho lekin market ne mauka hi nahi diya. Us ke baad Biwi ke 5000 waapas karne pad gaye. Ab fir khaali haath hoo is month, next month se dekhunga ki kya possibility hai, waise ummeed poori hai ki 40K ya 50K se shuru kar sakoonga.
Thanks bhai for your kind concern.
Regards
shekhar
This rally in Bank Nifty upto 10850 may be a wonderful opportunity to initiate ur shorts.
Kumar sir, instead of buying a call, why not selling
ITM put, we can also gain the premium during trendless
days,
Is anyone using an indicator which can help you gauge when the markets are about to start trending -
I use ADX (14) but wanted to know if there is anything else equally powerful
FII strategy was to sell nifty put options so far, now market may rally for 2-3 dyas,
and they will cover nifty put option. Many retail one bought nifty put option for big fall
they will sell their put option in loss in panic, and FII will buy this time from them at lower price.
after that market sell off may happen.
FII can not allow retail investors to make money on put options.
@richards. Is that applicable for nifty too. Suppose now at 5500 buy at 5700pe and 5300ce??
Dear rajapvt!
ITM puts selling may be good for interest eater but i trade only then when risk reward ratio appeals me:)
PT - u started a good topic of BN puts, i poured fuel on that... see now lot of technicals are coming out. I am learning the terms atleast :) :D
have a good day.
there is easy money to be made in tata motors.
c(i) looks completed in that. c(ii) may have started for minimum target of 1040 an
Gm ilango sir & Friends,,
Nifty in sell trigger with s.loss 5511...
bata india Sell trigger s.loss 568....
Tata motor buy trigger s.loss 980....
Dear Sujatha!
Hedge ur trade with call etc. & sit tight upto expiry. It may give 500-1000 points against a simple loss of 100-150 points. In that case i will take some other south indian dishes from u, sugar ghee already available here:)
Cat On The Wall
@cooldent yes it is applicable to everything
in case u expect big moves nifty options are move
liquid but generally u use this stratergy on more volatile
underlying script or index
8 out of 10 times u will end up making profit
on 2 occassions u might loose when mkt/script is rangebound as is the case in this
series so far
Dear parimal!
As per ur request upon my blog, i gave my Bank Nifty view here today. I will try to give now in my Weekly Market Outlook too. Thanx a lot:)
Is anyone using an indicator which can help
you gauge when the markets are about to start trending -
I use ADX (14) but wanted to know if there is anything
else equally powerful
-----------------------------------------
@vanquish
i tried to study adx but i gave it up. how do u use
it to gauge when market is about to start to trend.
http://postimage.org/image/30j7sq610/
The secret of wealth creation lies in perfect insightof ITM options behavior
Piyush - are u looking for short term or long term? I will post you. Why i am here "as much as i can confuse" filter it and take it :D
any big fall may happen after 2 big up days(80 points approx) and then morning up on 3rd day,
followed by big fall.
if there is not 50 basis point hike, chances of that big rally day exists tomorrow.
@kumar sir
I was just thinking to request to cover banknifty too in your weekly market outlook at your blog. I hope this week we will get
Is the falling wedge in play ? wave e of the triangle now in progress ??
some of the blue channels analysts are so similar to our IMD. they predict rain as accurately as our bkue channel analysts :D
Thanks Richards
Dear Jigs!
Sure, i will try my best. Next week's market outlook will post on monday bcoz i will be out of town on saturday-sunday.
@vanquish
i am more comfortable with ADX, alongwith TT table is a great combination going as off now for me..
@suj,
do u use adx? my question to vanquish abt use of adx
in general.
@kumar sir, early vacation?? :))
@anil
how do u use adx??
@saibhakt: 80 points rally is good time to buy for
calls right?
New Post Done.
@PS
i use ADX, with TT combined... i mean in sideways
trend as per TT when it is trading in between days high-low EMA,
and ADX falling in daily is a sure tool for option writing..
When trend is about to starts, i usually observed ADX
remain below 15 for 10-14 bars, it is a warning sign
of coming trend in hourly, so i just start to focus on TT, so that i gauge where market taking suppport or resistance at monthly(5 H-L Ema's) or
weekly(H-L Ema's)...if it favours trade, with sir's EW, then it is best of trade..
i trade in options only..no futures...
Also you can hav your set of rules, as DMI crossover with SL as high or low of bar on which crossover started...good for options trading...
http://www.youtube.com/watch?v=n-LuNG6pybE&feature=player_embedded
@ps - I will give you details after market closing if you do not mind ?
Icici 1045 ...Reliance 906... bears can enjoy
@Anil: Great, link connected. Nice one for trendless.
@brij.sir,
what is the target for icici
Nifty in sell trigger with s.loss 5511...
bata india Sell trigger s.loss 568....
Tata motor buy trigger s.loss 980....
June 15, 2011 11:30 AM
Now nifty s.loss 5485
Bata & Tata motors same
@ Nilesh,,
Sorry late reply,,
icici bank below 1045 sell trigger 1st tgt 1028
& s.loss also come down
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