Only a move above 21Hr Sma(Updated every hour on the chart) would indicate some strength to take it to 34Hr Sma/ 5DEma.
As has been repeated earlier, settlement woes would continue to drag the index down with bouts of short covering/ roll over. As bears are in profit, they are not in a hurry to cover them. And as bulls are in loss, they will come to close their positions at every rise, hence the unsustainability of bounces.
40 comments:
Good Morning Master & Friends
Namaste Ilango Guruji, Good Morning to you and to all your blog followers...
morning to master and all..seen some link from DR for orb tradin for that I have some stuff posting here may be useful for blogmates..Open range breakout( modified)
In orb classically first 30 minute is used to decide the up and downside lines. Because of computer age and fast trading softwares now we can use 15 min instead but as our one member suggest better to reduce even by 8 min so that we can trap most of the movement.
Avoide first minute as few opening trade may have some unrealistic trade ..unusual high of low rates.
So we take 9.16 to 9.24 min of Indian time to draw two lines and one for the highest point and another for lowest point in between that time. If movement is much than we can take a average of that or simply midpoint on that hi and low.
Now we can initiate the trade in the direction nifty moves above that midpoint with stops of hi or low as per direction of trade.
Most of intraday players book early now a days so 30-35 points in the range where nifty moves and halt for some time before next direction so first target is above 25 points and up to 35 points if buyers are more at that time than the seller than move sl to above buy rate and hold for more up.ideally major trendlines..resistances which analists are telling are the targets.
Now few more logics…asian market are open so in early trade we see the effect of thet on nifty and after12 noon market slowdown for thae clue from Europe so 11-11.30 is the best time to see behaviour of our traders and on Monday after 2 days gap many type of political development happens in domestic and international markets we avoide Monday to set our target for the week. So practically Tuesday 11 -11.30 is the time we see nifty and take it as a line from which decide buy or sell for next 4 days.
Europe open at 12.30 in summers and 1.30 in winters so the effect of that comes on nifty early in summers and it takes 1 hr to effect on dollor index and all world market adjust it self.so our one member suggested that 2.24 min time is another level for trade.and in winters it should be 2.35-2.40pm.
Now for the month orb….. we can see the movement of nifty up and down for the month and it comes around 500 points total movement.now take next day of expiary and see the hi and low of that day…now we can trade buy side from hi of last day for the month till majar resistance come.if nifty moves 200 up and down move sets in means we can see 300 points on an average down side………..remaining points will discuss in next article.i just want to add one more thing i this orb method and that is for year.this january"s high 6168 is to be considered as line for the years line and till nifty traded below it is case of sell and once it goes above it only buy case consider with same as stop. in last 10 years january high is either not broken for whole year and once broken it never went below that till december 31th.all of u can check it for last 10 years.
Good Morning Sir,
Reading your pre market update today I understood the importance of one more Simple indicator-21 HR SMA.
Quickly went back 100 days and saw some amazing respect to this level. Thank you once again SIR for empowering me.
Warm Regards,
Suresh
Namaste Ilango Sir and all friends
have a nice day
Good Morning Ilango Sir and Friends
Nifty and India Vix Charts: CLICK HERE
Good morning to Ilango ji and all.
Where can i get 10 years data of nifty or other stocks
Namaste Ilango Sir And All.
Namaste Guruji, all seniors and friends
Goodmorning Ilango sir and all .
Good Morning Sir,
Good Morning Ilango sir and all blogmates
good morning
GM sir and all JNFAMILY friends
good morning
Daily BB at 4802
Candle opened below BB and trading below. Nifty will try to reach 4802
Namaste Ilango Sir and fellow bloggers
LV
s2 4745 broken.
s3 is 4707. in b/w 4720 last low to be watched.
Good Morning Master and copy to All
Good Morning All
@jigs
BBH-5465, BBL-4789, BB-5187 as per y’day close. (20SMA 2STDiv)
BB-4801 is in what basis? Please explain.
Namaste Ilango Sir and JN Family
most dangerous day normally in bear market:
when gap down opening happens
and open price and high of the day is same. that means
only bulls need to worry.
@jigs
read as BB-5127
Good Morning................
Good Morning Master and All
Sekar you can download getbhavcopy to download historical data from 1994.
@ukraj
As per icharts
BBH 5463 BBL 4802 20DEMA 5054
BB 20,2
CAN ANYONE TELL LOW OF NF MADE SO FAR.
MY BROKER OFFICE GOT FIRE
@ Hitendra
NF low is 4738
my humble advice to everyone don't take long positions in a hurry.
@jigs
thank you
Hitendra said...
CAN ANYONE TELL LOW OF NF MADE SO FAR.
MY BROKER OFFICE GOT FIRE
Why did yo fired him?
Lolzzzzzzzzzzzzzzzzz
@DR,
there will be lot more fire today evening bcoz brokers will search
for people to get margin money.
anyone using Manshi RT data feed? having any problem today?
New Post Done.
@DR,
If 8400 is broken on bank nifty, then?
Your broker must have been big bull... Better to get earn money from insurance company instead of bear market.
DR Sir,
not joking.Infact, It's there.
now they map with baroda office.
i m short side.
wish your lvl if u r in bear team.
thanks
can anyone tell me what was yesterday's PCR .
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