what you do when others are not watching you.?

There was this story about Reuben Gonzolas, who was in the final match of his first professional racquetball tournament. He was playing the perennial champion for his first shot at a victory on the pro circuit. At match point in the fifth and final game, Gonzolas made a super "kill shot" into the front corner to win the tournament. The referee called it good, and one of the linemen confirmed the shot was a winner.

But after a moment's hesitation, Gonzolas turned and declared that his shot had skipped into the wall, hitting the floor first. As a result, the serve went to his opponent, who went on to win the match.

Reuben Gonzolas walked off the court; everyone was stunned.

Nifty broke the channel & stayed below 6142 pivot.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

10% Return per week. Is it difficult..?>

On 2.0 Lakhs, 10% comes to Rs.20,000 divided by Nifty 50 = 800 points from 8 lots.

Per lot 100 points.

JNSAR has given 1000+ points since 18th Aug. -7 weeks. i.e 100+pts per week. This without taking into a/c the "DAy Trades".

If difficult, temper your expectations to 5% or 8 % per week. If you believe that it is possible, it will be.

It comes down finally to you and You only and your "CONSISTENCY"..

Nifty PreMarket View.

As there is no faster retracement of the last rise from 5964 to 6222 in quicker time,the current fall may be treated as a correction only and accordingly TRADED for some time till the daily TA gives a reversal indications while keeping the weekly in Buy mode.
As Mynac's OI observations have pointed out a limited downside "right now", a probable trading band of 6095/6115 to 6170/6185 may unfold with 6142 acting as a pivot.
As Viren's MP strategy suggests of a 80% rule: A move above 6166NF may take it upto 6204/6214.
As JNSAR for the day is @ 6103, a filter of 0.3% may give an optional 6084. As we expect a "corrective scenario", JNSAR may act as a "Pivotal role" and the prices may revolve around it and hence use it accordingly & trade.
Remember "Part Booking" keeps you in the game, allows you to hold your positions for longer time, gives you resell/rebuy opportunities.

Nifty resolves to down & finds Day Low Ema.

Dear Dr.Shailendra Nath Mishra,
My father brought me up, inspiring me always, to be a doctor but died the day I wrote my last exam of S.S.L.C and instead of holding a surgeon's knife, I ended up holding a kitchen knife in the Kitchens of Hotels.
Nevertheless I continued to imagine myself to be a doctor and treated my college mates for all kinds of illnesses and injuries. Small but satisfying phase. Now all I do is trying to understand the pulse of the market.
I say this to you as you will soon be able to understand the market's true strengths and weaknesses and make it your patient who will pay you the highest fee.
In Technical analysis (TA), we have so many indicators/ oscillators as in your pulse reading/ pressure measuring/ ECG, etc. I have chosen Stochastics(Lead indicator) and Macd(Lagging but directional indicator) to guide me along with a small dose of Elliott wave(EW). My friends give me more references, like Mynac's 6000PE's highest Open Interest(OI) or Viren's MP values of todays:6223;6211;6206, which help to arrive at certain conclusions to "figure out this market."
I do not give calls but suggest at crucial junctions my observations and to understand this better, I want you to read some simple write ups filed under "Technical Analysis" (Skip the EW for the time being).
Under the "Always start trading with these" (at the top side bar of this blog), you will find 8 topics including the above mentioned TA. Go through them slowly. Grasp them. These are the basics which I "APPLY" day in & day out, trying to prove to my readers that a disciplined follower of these can "GET RICH SLOWLY" no matter how ridiculous it may seem at times.
Most important factor to remember is: We are not here to prove to anyone that we are right but "Take home a reasonable 10 to 15% return on our investments every week". In the end, it is the money in your pocket that will scream "RIGHT".
Never count your winnings. Never talk about your wins & losses to anyone. No one will understand it. Those in the market is full of stories that they can not HEAR you and those out of the market will NOT UNDERSTAND you.
Take your time to first familiarise with the basics. Opportunities are many to
GET RICH SLOWLY.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

Trade within 6135/6155 to 6200/6210.

Decisive move would be beyond 6135 or 6220.

Use "Viren's" NF MP values for added reference.

Nifty delays its resolution with another doji.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

I have erred in suggesting to hold shorts, though as an aggressive one & in small qty. Prices have been continuing to rise after each corrections though this correction showed signs of moving lower before a reversal but "Corrections being imperfect" can not be captured in simplistic forms all the time. Corrections, these days, are more time bound and less of price based.
Nifty is "76" points below its recent highs which gives 2 possibilities.

• A top is in @ 6222 or a bit more high could be made as in irregular correction in today's upmove. Resistances should be from 6205/6210 to 6230/6240. Inability to hold the highs & a break of opening lows may reinforce this scenario.
• The short term top @ 6222 is the first part of the 5th wave(5.i) and the correction for the same is done @ 6136(5.ii) and the next part of the 5th wave may unfold with a "gap up" today which should again unfold in 5 sub waves. Therein will lie the deception. Why..? - While the 5.iii(i) opens gap up and then a 5.iii(ii) down move takes place, both the possibilities will be in the reckoning. It is only when the Big 5.iii(iii) starts, the first possibility gets negated.

So how do we figure it out.? When a correction starts after a gap up, it should not retrace more than 38% of the rise from 6136 to the 5.iii(i), the gap up move's ending point. Why not more than 38% because 5.ii retraced only 24%.
JNSAR Longs remain. Bulk of the Bull market rise comes in the last small part of time. It is playing out again from 5864(30th sept), a near 400 points rise.

Nifty's 2 indecisive days would get resolved tomorrow.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

I have added "Hour JNSAR", if it would help you.

Nifty PreMarket View

Now, why would anyone has doubts over JNSAR Trading, a Stop & Reverse method. I did not discover this mode of trading. I am only applying them. What is stopping many..? Fear, disbelief, lack of confidence in their own observations. If more is required to convince you, arre baba, forget this trading business. When I started to cut onions in my 1st year catering Technology, my Instructor asked me "You want to be proficient, remove the fear of injury to the finger & do it fast." I did..lost a lot of skin but learnt to slice the onion thin & fast too..
All the entries are made as per JNSAR for the day though some advantageous entries were deliberately missed out to keep it simple. For eg: The shorts were suggested to be taken on a bounce on the settlement day, 30.09.10 but my entry is @ -5981 only.
On the 1st Oct, the gap up above 5994 initiates a buy at the open. Even if one takes a position after 5 - 10 minutes, the diff. would be a 15points.
Yesterday, it was suggested to book out of one lot with a 150+ point profits and the premium helped it.
Applied Technical Analysis is what we are practicing here - Trendline, Divergences, simple lead(Stochastics)& lagging(Macd) indicators, Pivot trading, ORB trading,Ema based Tech. table to capture the strength & weaknesses and above all Elliot wave applied to map out the likely course of Nifty combined with the above.
I am seeing tremendous progress among many and miles to go..

Nifty eases off the highs from Overbought short term.

Mr.Rajagopal, inspite of his health problems, has been updating his wonderful "Stock futures file(NF.TA)" as well as his newly developed "Volume Tracker file" everyday. Volume speaks market's language.
Spend your time going through these files that are being uploaded everyday. Get used to the changes that are affecting the prices.There is so much "Wealth" in them.
Never get bogged down by the enormous amount of data in them.
Choose the ones you are interested in and monitor them regularly.
More focused sharing is the next step.
Get well soon, Rajagopal.

Nifty Intraday Update-III

Aggressive traders may take small "Sell" if closes at the lower range.

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

Plan your trade with:

• Entry points once a trend/ sideways mode is ascertained.
• Exit point/ Targets based on TA patterns/ EW projections/ channeling
• Stop loss: the technical one as well as the loss you are willing to take.

This is the simplest it could get, said often by all experts & professionals, importance of which many realise only after crippling losses.

Keep brushing up on your studies and develop your own unique style of trading/ investing that suits you and never get distracted by fellow traders who boasts of their method of success.

Success comes to those who steadfastly follow their chosen methods. Markets, then, just can't refuse your share of the riches.