Everyone is aware that I do not encourage "Paid service professionals" to participate in "our activities" here. I have absolutely nothing against them as people. But their profession is exactly opposite to my "idea of Market play". I do not wish "my platform" to be misused whether intentionally or unintentionally. I want "good that lasts" for my readers. "Calls cripples; study empowers".
"I" am here to guide you, not literally, in various stages to apply what is being learnt in the market place to "Make money" slowly and "Quietly".
May I request everyone here to desist from giving "CALLS".
Let your sharing start with your analysis based on objectivity, unbiased that culminates into a "Trading plan".
If you, as a trader, is not able to assess risk/ reward of a trade, you require more time to observe the market first and desist from ruining your wealth. Missing opportunities are fine but messing wealth is not.
I, gladly, added "Bramesh & Aarvee" into my Blog List.
Now that market is poised either to reverse from here for deeper falls or enter into a sideways correction ("b" of "B"), trade the resistance and supports and hold the break-out.
43 comments:
good morning sir, seniors & friends.
good morning MASTER ILANGO
Ilango sir and Blogmates,
In your trading experience, have you come across a situation like last Friday anytime in the past? Last Friday was the last day of the week before settlement and FIIs were huge Nifty Futures buyers [Rs. 2200+ crores if I recall correctly].
I am thinking, usually a large move on Friday of the penultimate week of settlement indicates the trend for the settlement week.
Please let me know if you recall such occurrences from the past.
Namaste Master and Seniors
I wish that I learn so much from this blog that one day my blog would be added in your blog list. Just started in market but found your blog at the right time.
Thanks.
@Ilango Sir, You said in your trade tabel(3rd image) booked 100+ as hour TA OB....Sir which indicator is used to see hour TA OB.. is it Stochastics or MACD or RSI and what settings?
Sorry for newbie question.. but want to learn?
GM Ilango Sir and friends.
Namaste Ilango Sir and friends.
Thanks for the good advice for the blogmates. It is badly needed.
Regards,
LV
Namaste, Ilango Sir,
Questions that Sam has asked are on my mind, too.
Grtaeful for your guidance.
Good Morning Ilango Sir and Friends
Tata Motors Analysis: CLICK HERE
gm sir and freinds
jaijinendra prashantbhai nifty above havala prabhu shu kaho cho?
San, could u pls throw some light on reliance?
Namaste Ilango Sir and all friends
Good morning Ilango Sir and all
@Cooldent
Reliance has given a good weekly candle for bulls. So if it stays above 860 - 865 levels stock may target the broken support of 890 - 895 level soon. Staying below 860 and breaking 850 again will be negative.
Thanks San
Good Morning Sir & Friends....
Weekly JNSAR hit with daily .... seems good times ahead for bulls...
Immediate resistance is the last pivot high of 5520 & 5535-50 DSma.
A close above 5535 would alter the bearish set up in the medium term.
"5400" remains a most likely bearish trigger.
Namste Sir....
Please throw light ...why market is up ?
Diesel Price rise...inflation set to rise...global weak
macro levels also weak
bought nf for intraday at 5513
Dear Ilango sir,
GM,
Thanks for including 'The Third Eye' in the esteem Blog 'Club'.
I too feel that the Tech Table is a complete trading system in itself and if people visiting here discuss and place their trades based on its signal ,it will do them a lot of good in the long run.
The emphasis of the talks here should be in analyzing TT along with risk management.
Thanks again
Regards
VIX UP AND NIFTY TOO UP? any explanation friends?
5520.15 swing high from a week or so ago has been ticked over.
Lets see if this results in an impulsive move down.
Please tell if I am wrong....
EW cant predict market....but we can plot waves after it
which justifies the EW count later.
Sir if we could know ur critics view on expiry close as nifty as gone up down and now up again this expiry. Thanks
@ Traveller,
Should we know the reason for the market rise to participate in this.
It is a speculative market where prices rise & fall based on the strength of the player who can back his positions. It is as simple as that. The moment FII's start the buying, it trends in that direction.
OI analysis help to assess FII's behaviour.
It surprises one & all. As long as you are on the side of the trend(depends on your Time frame), those surprises would be pleasant ones.
Only TV Anchors need to "Talk incessantly" to fill time and they invent all kinds of stories.
Besides, bull markets rise on a wall of worries.
booked partial profits in nf at 5529 will hold rest with deep sl
Gm Illango sir & all
Namaste mates,
Markets always trade 6 months ahead of fundamental...they do not reflect present but future.
प्रणाम गुरुदेव एव मित्र गन
http://www.hindujagruti.org/hinduism/knowledge/out/images/1180285652_namaskar.jpg
Good Morning sir and warriors
market is lead indicator of economy
sir,
is ur preferred count one set of 5 waves frm 5944-5196
labelled as a or 1. a of b or a of 2 going on ??
Sis GM
Very simple and effective
trade in last week and "get rich fast" :D
@ JayShah,
Settlement High & Lows are 5605 & 5195, roughly 5600 to 5200.
As long as Nifty is above 5400, it'll end closer to 5600 or higher.
"5412" being the havala rate and JNSAR too will be around that level in a day or two, things favour bulls.
@ Traveller,
EW is a tool to "Make some some sense out of the maddening market" and in that process it throws up some excellent trade set ups. take advantage of them. As you go into micro EW Labelling, it could become highly challenging & often results in losses. In the day T/F, it works quite well.
There is no study in the world that gives you 100% results. A 60-75% success rate with risk management is all that is required.
Use any tool/ study to make money..not to prove its worthiness.
@Dinesh Rishi ,
The picture reflects the true Indian Hindu culture
Just a thought, " after friday move and 2days off,
bus riders think of missing a good move, so will catch
on monday as i get a small down. Wolrd mkt helped us
in that. Now crowd packed up into bus. The smart money
thinks, this is good time to off-load some, will refill
when bus people are packed, then i will dump for a
quick down move, these bus crowd will jump into river
and that time I will again refill my tank!"
Looks like we are gonna hit 5600 today itself.
DR sir, 10830 to 10930 :)
New Post Done.
DR-ji - yes,i am indebted to you for this "option" method and so as "price behaviour" method to Master :) seriously thinking of "trading options":D which gave me confidence now. If it clicks i will not trade often. Will limit my trading days. Is it a good idea??
trade in last week and "get rich fast" :D - very good mantra :) it will ease my burden
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