Trading above 5245 would be strength and the first resistance would be the pivot(5270) followed by yesterday's high(5310).
Wednesday, November 2, 2011
Nifty PreMarket View
Break-out gap exists around 5220 (DLEma)and below which the channel support comes around 5190(DLEma less 10-20 & Havala-5192) with Hour Rsi at oversold levels which will result in a bounce. Keep the retracements ready if the channel holds.
Trading above 5245 would be strength and the first resistance would be the pivot(5270) followed by yesterday's high(5310).
Trading above 5245 would be strength and the first resistance would be the pivot(5270) followed by yesterday's high(5310).
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...
26 comments:
Good Morning Ilango Sir and Friends
Nifty Line charts: CLICK HERE
Namaste Ilango Sir and All
Due to circumstance i was unable to interact with
our family. today i am joining. have a nice day.
Regressive trading strategy
sCHILL on rise
BYE on dip
A new post has been uploaded on short term possibilities. The link of my blog is given in my profile.
Dear Seniors,
I am new to this blog and nifty trading. Have gone through documents under "Always Start Trading with these" label.
I have a basic question, answer at your leisure.
How the trades mentioned in pre-market view table are initiated?
I thought those are based only based Daily JNSAR value.
But looks like yesterday's trade(short at 5315, bought at 5265) is initiated on ORB.
Shorted when OR broken and bought back after 50 points.
What is criteria for conservative trades?
If above things cannot be explained in short answers and requires some other knowledge, please feel free to suggest prerequisite topics(if you have any material regarding kindly share it).
As i am new to trading, i want to participate in conservative trades.
Namaste Sir Ilango and all seniors and friends.
it is quite important to note nifty premium is 31 pips.
this may indicate euphoria deep-seated in down-slide, or
it may also speak about short-covering. Sir Ilango also
has pointed to the same.
regards
@ashwin,
That was 5315 NF not spot.
Good Morning Sir & Friends
Namaste Ilango sir and fellow bloggers
LV
Namaste Ilango Sir and JN Family
Namaste Master
Hi everyone. Have a great day ahead.
thanks
Good morning all..@ gd is there a possiblity for this down to be corrective and we start to move higher towards 5470????
@ ashwin Kumar,
How the trades mentioned in pre-market view table are initiated?
I thought those are based only based Daily JNSAR value.
Ans: There are three coloured areas: Conservative-Positional in "light Brown";
Aggressive Intraday trades in "Yellow";
And JNSAR trades in "light green".
Whenever Conservative trades are stated in "TRADE", you use the aggressive trade range to intiate trades and hold them as per TT strategies.
But looks like yesterday's trade(short at 5315, bought at 5265) is initiated on ORB.
Shorted when OR broken and bought back after 50 points.
What is criteria for conservative trades?
Ans: yesterday, the Pre-market clearly stated a weakness below 5280spot-ORB Low; accordingly a sell was initiated @ 5315NF-the future ORB Low. IN JNSAR trades, a general 50 points profit booking is done based on the ranges developing.
If above things cannot be explained in short answers and requires some other knowledge, please feel free to suggest prerequisite topics(if you have any material regarding kindly share it).
Ans: You need to follow the blog for sometime to understand the trading style and following the market.
If you're a new entrant to market, observe the market for few months while making JNSAR Trades, the safest way.
Best wishes.
ilango.
(Pre-market trade @ 5216 falls at the range explained 5190-5220 - a profit booking range as well as aggressive intraday longs)
@all,
I have created the doc to list "reasons for
initiating a trade". Until now, only 2 people have
expressed interest. If others are interested, please
send email to padysrini@gmail.com.
Thanks
Good Morning
Master Ilango and friends,
Good Morning to all
GM and Thank you Master and Seniors for the inputs and guidance.
gm sir and all friends... Nifty spot Hawala is 5192 n future Hawala is 5229...thanxs:)
@Prashant Shah,
GM and Thanks for refreshing the Hawala rates.. :)
@Sir
GM
@PS GM
Kem haji Diwali vacation chale 6e?
good morning seniors..
good morning friends,
S1 is 5227. holding.
pivot 5270.
orb top is 5246.25
Gm Ilango sir and friends!! Nifty showing some strength near lower BB in 30 mins.
mid BB: 5285(developing)
New Post Done.
Thanks a lot Ilango Sir for providing detailed explanation.
orb broken on upside
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