October 1, 2010

Nifty intraday update

CHART -III
  • NF hits 6150 the target for the breakout above 6091
CHART-II
  • As i said in the chart the entire move of the channel was covered by 4 candles. It's going up faster, one of the lessons learned from ILANGO Sir
CHART - I
  • NF near 6091. Breakout above this level will be positive for the index and will target 6150 and above that.

4 comments:

  1. san,,,its retracing means???? its not coming back at all yaar !!! and whats your call on yesterday's jnsar trade today...shud it be covered with 100 poinyts loss?

    ReplyDelete
  2. @sarvesh
    i should have said it's going up faster, wrong word used, will change it.

    And master(ILANGO) has given me lots of simple ideas and tools which i am using.

    I have not tested JNSAR yet.

    ReplyDelete
  3. "And master(ILANGO) has given me lots of simple ideas and tools which i am using."
    Dear SAN i follow your and llango sir blogs daily.It would be helpfull for upcoming trader like me if you share what you learnt from llango sir..

    Regards
    Vaibhav (vaibhav.online4u@gmail.com)

    ReplyDelete
  4. @vaibhav
    There are many lessons that i have learnt from his posts.
    My favourites are channels, range breakouts, 5 day high ema, 5 day low ema. Breakout above day high and day low. 2 day high and low.

    It's an endless list. But we should have our own plan of combining these simple things to suit our style of trading.

    ReplyDelete