Incidentally the 50% & 61.8% retracement falls at 5040&5070.
Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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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 ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
51 comments:
Good Morning Ilango sir and friends.
Have a nice trading day.
Good Morning Ilango Ji,
SGX Trading @ 4970 with the high so far @ 4989.
HangSeng is closed today.
good morning master & friends.
Ilango
With reference to your query on JNSAR trade initiations
yesterday.....Sold at 4965 after the ORB at 4967...the
stop loss will be JNSAR
My understanding of the tech table is that if there are
gap up or gap down openings, trade in the direction
of JNSAR....this cuts out the confusion and clutter
As always, many thanks for this level...would welcome
your feedback
Master Ilango,
Good morning
Agreed with Indus, It was a "sell on rises" yesterday in the direction of JNSAR.
closed the long position at 4965 and initiated sell at 4965, since there was a gap down.
Good Morning Ilango Sir and Friends
Nifty Daily Analysis: CLICK HERE
GM All,
Blog Updated.
Is a small squeeze on?
Best,
Lee
Hvent reversed jnsar yet. Didnt reverse at open expecting a bounce :(
GM Ilongo Ji and all!
Regarding ur JNSAR query, 1 lot @ at the break 4943 as per pre-market view and
1 @ 4965 on the bounce..
.
gm everyone...
.
Trading plan for Tuesday:
Aggressive trades -
Cant break 4985 ( R1 ), short to 4950 ( pivot )
Long after 4985/4990 ( R1/DLEma ) to 5042 ( 50% retracement of wave 2 )
If 4920, then buy ( WLEma ) with SL
Conservative trades -
End of wave 2 trade - Short at 5042-5070 ( 50-62% retracement ) with SL of 5080/5110 ( DHEma/WHEma ).
JNSAR trade - buy at 5040 ( contradicts above !!! - but larger trend is down )
Notes:
Still sell on rises to 5080
Monthly trend is down.
Week trend is neutral.
W-5Ema is 5008. So below that, short term trend is down.
gd
Namaste Ilango Sir and all blogmates.
all have presented quite nice analysis. what a happy
home this is!!
Good morning Ilango Sir and friends!
.
@san,
How do you get hourly/weekly chart with chartnexus ? Paid version ???
Thx
gd
Master,
I think JNSAR shorts can be initiated today or tomorrow on the rally expected. Yesterday even the day high was too far away from the JNSAR level to be comfortable.
Good morning Sir and friends.
sir,
i shorted on one hour orb break, later when bounce
was materialising in afternoon closed half
position at cost to be added today at rally
sl 5039
Good Morning...............
fire - yes 4986 holds chance to 5035 the gap area?? lookslike me too will close my longs and ......
Good morning Ilango Sir & friends,
Sir , regarding JNSAR trade ...
Short NF @ 4973.15 & 4976.00 ,
cover one lot @ 4923.65,
again short @ 4962.00
at present 2 lot shorts .
Good morning Ilango Sir and all blog mates
Good Morning Master and copy to All
Sis, plz let me know when you close your long position
@ilango sir,
JNSAR strategy - go short at 5040.
gd
DR - closed :) happily as 4987 to 5008 20 sma levels
Dear all
please let us know at what level should we start shorting
thanks and regards
@all,
Where can i get a nifty 5 min chart spanning 3-4 days ? Google finance can go only 2 days and it doesnt have 10/15 min chart.
Thanks
gd
DR - Long only after 9600, will that be the area of strength?
Match not started yet
and Sis out for tea break on toss itself :(
Hitendra
Me trading Nifty this time and my long level was
4980 NF with SL of chinna 20 points
Yours
Chinna Thambi
Nifty trading around 38.2% RT & W-EMA.
Good Morning Ilango Sir & Seniors
Not trading yet and wanted to long on a dip, but you had said yesterday abt 9600 levels and hence the query.
Thanks, now me waiting for a dip.
DR - :) :) learning tamil?? by the way i am not a big player like u chotta player so i will book out wat i calculated don't bother where it's going will catch it later our mkt running up Courtesy - DOW + general global cues. expecting......in short term
I'm quite happy that most have done a reasonable JNSAR trades. Those who part booked it, got it absolutely correct.
It is the challenging "iv.b" wave possibility that makes it quite challenging.
Hour TA is turning up from the bottom-OS levels.
If it is the "b" wave, it will be a challenging trading zone in the 4945/60 to 5015/45 approximately.
Above 34Hr sma, a likely "iv.c" may open up. If not, it would be the end of "v.ii" and downmove resumes in the later half or tomorrow.
sabhi bandhoo logon ko pranam !
goodmorning sir and friends.
@Golfdude, chek if this is useful. http://www.bazaartrend.com/nsecharts/intraday_free.php
@Golfdude
Try this Futures charts /stocks /commodities absolutely free all time frames with drawing features.
http://www.cbloomnews.net/
good morning blogmates,
38.2% retrac lvl is 5010.
nifty made high of 5014.95 so far.
pdd
Hitendra said...
Not trading yet and wanted to long on a dip, but you had said yesterday abt 9600 levels and hence the query.
Bang head I never mentioned 9600
Dismiss the charge
Dinesh Rishi said...
Hitendra
BN long only above open Day/weekly price
September 12, 2011 11:55 AM
.
@all,
I got confused with JNSAR direction. I assume yesterday was a short with JNSAR ( 5026 ) and so today is a long at 5040 ???
Thx
gd
A close below 4890 will make NIFTY to test the august lows and a close above 5046 will provide a good short term buying opportunity.
Jyothienterprises
Ru form Coimbatore
Jyothi Mam?
DR - yes, you are right. I was mistaken with something else.
4911 to 5015 may be treated as "a' wave of the 2nd of vth wave presently. And a "banghead" b with a sideways action is unfolding to be followed by the 'c' wave of the 2nd wave into last part of the day and into next day opening session possibly.
- Above view is for the "v.ii" scenario.
-80% retrace of 5169 to 4911 comes at 5117. From 5070(61.8% retrace), the negation starts.
.
@ilango sir,
Understood v.ii explanation. What was the 80% retrace note about ?
Thx
gd
New Post Done.
.
v.ii.b can come as low as 4950 then ( 61.8% of v.ii.a ). And v.ii.c will be 5055 ( same as v.ii.a ).
EW is as complicated as it gets. But so much fun.
gd
Captain,
This could also be possible?
4911 to 4965 --a
4965 to 4934 --b
4934 to 5015 --c or could go upto 5021 to do a 1.618 of 'a'.
104 pts retrace=40% of 5169 to 4911
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