All we are asking is to "tone down" our enthusiasm and channelise it in a "Step by step" analysis and get the direction correct. Remember, there are positional traders, short term traders of 2-3 days and intraday traders. While the market is in Month/ week/ day downtrend, it could give great returns to an "Intraday trader" who plays the intra rallies while the positional trader benefits with gap downs & sell on rallies. These are not conflicts but the inaction of the market in a range creating impatience among traders. Tune your perception and change your expectations depending on the market.
Pay attention to today's price behaviour on the back drop of yesterday/ last week & last month's close TA.
@ Chandra Bose,
Your "Volatility based range" has worked well. You have offered to share the AFL for readers. You may do so through the "Group". Post the range here for the benefit of other readers.
63 comments:
Good Morning Ilango Sir and Friends
Nifty CUP AND HANDLE: CLICK HERE
Thanks San.can you please confirm usually for the formation of handle, how much does it actually come correct?
GM Ilango sir, JNSAR for today(10th-june) should be 5550 ie 5530+20(filter)..
you have mentioned 5510, we are short in JNSAR ...right... or am i missing something ??
A light Hearted quote on Anger:-)
A man who has never made a woman angry is a failure in life.
Christopher Morley
nifty futures: same avatar as me :)
@ Ram Charan
If tats the definition of success than my wife will vouch for the fact that I am the biggest success in life. I infuriate her on an almost daily basis without even trying.
@ NF,
You are "Short as per PreMarket's SAR @ 5548".
However, I have alerted around Noon to change the same to "5528".
The close too confirmed your position.
@ Ilango sir,
Thanks for your feedback. Levels for to-day will be displayed in chart after mkt opens. I will post levels at the earliest. I have forwarded AFl so far whoever asked
Chandra
https://picasaweb.google.com/113312275054870812803/Nifty?authkey=Gv1sRgCObOwOPi_f_stwE&feat=directlink
Ok sir, i will follow what's updated in TT table... as i might miss on these changes in comments section..
as it is the 2nd day of short i am keeping the filter on.. thanks for the reply...
@Ram Charan, ya, i like that cartoon very much, it completly represents market & its participants... i have been having that avatar ever since i created my ID...
@NF- yes, was just checking few google images and found this cute image so added as mine as well :)
Dear Mr. Chandra,
Can you forward the afl to my mail address? My mail can be seen in my profile page.
Explicitly giving the mail id here might invite a lot of spam through bots - so requesting you to take the extra trouble. Thanks in advance.
Regards,
GM Chandra....can u plz mail me as well AFL to amirishali@gmail.com Thanks in advance.
Good morning ILANGO Sir and friends
Hi GM to all,
To-days NS range based on AFL are as follows:
Upper side: 5608-5565-5543
Lower side: 5499-5477-5434
Chandra
NF,
i didn't get your point, can u confirm about JNSAR trade for today?
we should initiate long when 5530 crossed?
Mr Chandra Bose
this is Isthamus,
kindly forward AFL to my e-mail
"isthamus@gmail.com"
thanks in advance
regards
isthamus
MR. CHANDRA ,
CAN U MAIL AFL AT MY YAHOO ID PLS,
akashvijan@yahoo.com
thanks n regards.
Good Morning Sir and Warriors
Good Morning ALL
@Chandra bose,
Please post it in the group,
Thank you in advance.
@Ravii,
its short since the close was below yesterday's developing JNSAR @3pm i.e 5530 & also because it closed below pre-market JNSAR @5528 & never crossed 5548 filter..
Good Morning ilango sir and friends,
Today's quote received :
Do good to everyone without any expectation as an old proverb says, “Fragrance always cling to the hands of those who distribute Roses.”
Happiness is not something you postpone for the future; it is something you design for the present. - Jim Rohn
Ramcharan. I m also with you as i was travelling yesterday. So reverse to long above 5550?
IIP data will be announced at 11 am
Good Morning Sir and Friends...
Dear Mr Chandra Bose,
kindly forward AFL to my e-mail
sripaul.sc@gmail.com
thanks in advance
regards
How to put in Group, Pls guide me, I will post AFL in group
Chandra
Good Morning Ilango Sir and JN Family.
@ Chandra Sir
just send the mail with attachment to Google group id...
orb 5508-5520
Dear cooldent: i am 30% long now, my SL will be DLEMA of 5503 on closing basis or 5480 intraday basis.
@TT,
Mail me goggle group id, pls
Chandra
Sorry that comment was for niftyfutures. same picture got confused.
oops :)
good morning all - most likely there will be a big move today - adx + apex of triangle suggesting the same
orb trigger sell
AFL posted to groups id. Thanks to Indian Trader for his support.
Chandra
Ilango,
i also want to join the group.....dont remember the name i think some niftygroup.
learningew@gmail.com
cooldent- changed avatar to avoid confusion now.
Good Morning Master & Everybody!
Dear ILango sir, thank you for guiding us properly for market & life too.
"Samandar se kah do ki apni lahre sambhaal ke rakhe....Zindgi me toofaan laane ko ek GHARWAALI hi kaafi hi"
http://www.youtube.com/watch?v=o40PthTljKY
Good Morning Prabakar,
Open Interest Data...? ?
@Ram Charan
Handle correcting more than 50% will make the pattern weak.
Thanks San so we are safe until 5470 breaks it seems this pattern is safe.
Good Morning Sir and copy to all
BN last buy here with SL of 10700 Fut if SL hit
Ball goes to Kumar Sir court
And I feel sorry if I have hurt anybody's feeling
Bheegy Mosam Ki Bheegi Si Raat
Bheegi Si Yaad
Bhuli Hui Baat
Bhula Hua Waqt
Wo Bheegi c Aankhai’n
Wo Beeta Hua Saath
Mubarak Ho Aap Ko
Barish Ki Pehli Barsaat
GM,
Everybody,
Good 6 lac addition in first 45 minutes,
when Bulls are expecting bounce back,
but Bears very easily broke even DLEM.
Yes Ram charan
Hours closing below 5480 may tilt balance in favor of bears. But we have an IHNS too so its difficult to predict which one will play out. We have to go by levels for now
@Ram Charan, you could have kept the same avatar... it is a classic cartoon abt stock markets...
caution - triangle broke on the outside - a hourly close below 5505 will give way to 5430
@vanquish
yeah low ADX reading, with triangle pattern under development,
is a sure sign of big move ahead..
which side..??
lets see...
@ Chandra
thnx a lot!!!
I can see a clear wolfe wave on the half hour charts, which suggests that the converging triangle will be broken on the downside.
Dear DR!
Thanx for giving ur much awaited DARSHAN & sending ball in my court. BN is best candidate to sell in every rally. It could not cross, even could not touch my 10940 so i am a aggressive seller in this index.
New Post Done.
@DR Sir What is mean by last buy?
@ Rishi Sir & Kumar Sir...
baarish nahi
aasun ke do boond hai...
jo dil se nikli
dilli pahunchi...
thank you....
booked profit in put option of hero honda, howver it will keep going down
Bought reliance capital 500 put option of all my trading money.
SAM said...
@DR Sir What is mean by last buy?
Last buy of the week :D
Monday again new Opening will be our SL/SAR
Ok DR sir thanks a lot.
Dear Mr Chandra Bose,
kindly forward AFL to my e-mail
janinaresh@gmail.com
thanks in advance
regards
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