Getting Rich Slowly & Quietly........

If you think you are beaten, you are. If you think you dare not, you don't!

If you want to win, but think you can't, It's almost a cinch you won't.

If you think you'll lose, you're lost;

For out in the world we find Success begins with a fellow's will;

It's all in the state of the mind.

Life's battles don't always go To the stronger and faster man,

But sooner or later the man who wins Is the man who thinks he can.

- Walter D. Wintle.

A great mathematician was living in a village outside Ujjain . He was often called by the local king to advice on matters related to the economy. His reputation had spread as far as Taxila in the North and Kanchi in the South. So it hurt him very much when the village headman told him, "You may be a great mathematician who advises the king on economic matters but your son does not know the value of gold or silver."

Nifty closes above 50sma firmly.

Nifty held the support "4910-40", attempted "4955-Day pivot", moved past it to "4962-WEma", paused and then trended up befitting a weekly force with a 100 point from 4962.
And in the process, it has closed firmly above 50-sma. Going ahead, 4970 becomes a critical point to sustain this uptrend towards 100sma & more..

1. JustNifty TA(05th Dec)

2. BankNifty TA(05th Dec)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

Nifty has established the ST resistance @ 4980-5010. Now it is on the verge of finding a ST support. Failure to find one above 4870 and a close below yesterday's low of 4917 would make the ST weak.(Not Down yet).
Some consolidation is required to move past resistances and to establish a MT reversal.
A close below 4962 would keep the weekly DOWN.
Despite a 200+ point rise, weekly lead indicator is continuing to move down below 20 and Daily lead indicator is turning down from above 80. These show weaknesses. And so do hour TA.
Staying below 4955-Day pivot(Add a small filter if it needed), weakness in the ST continues.How much damage it'll inflict or it gets negated with "supports holding" will be witnessed today. And that will give you some trading opportunity.

Nifty's golden sell off @ 50sma finds support @ 4910-40 zone.

Just as 4866 rally from 4649 had exhaustion needing correction, today's rally off 4755 too needed. 50sma being the most pivotal support for bulls and having month & week TA still in downtrend, the sell off emerged at the open despite firm Asian cues. It was the golden ratio @ 5004. You book out. You challenge the resistances with a sell.

And you'll also challenge the supports with a buy. That is trading.

Now let the market turn the week TA with a close above 4962 tomorrow and let the market climb above the 50sma. Until then larger T/F's "Sell on rise" remains. In the meanwhile, the shorter T/F has already done its technical rally. If the ST uptrend persists by holding above 4855.......

1st JNSAR trade after a large JNSAR gain trade was suspected to be a whipsaw. It did. The next JNSAR short generated 65 points and the next(yesterday's) JNSAR trade generated 200+ gain.

BNJNSAR was in downmode yesterday but the market leader Nifty was in upmode. Under such a situation, go with the leader's status especially when BN was well above its DLEma(Only a close below DLEma brings downward momentum).

If you did not manage your trades well or got distracted for reasons unknown, have faith in the SAR method. Persist.

Always do what your studies tell you to do.....and never what you think.

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

Once 4844(80%) was breached, the alt.view of a complex corrective "b" holding above -4750-4726(50%-61.8%) has come into play.
a=4649 to 4866=217
b=4866-4755
c=4755+217=4972 or more.
"4910-40", an earlier support, now a minor resistance, may be the place the gap up may happen based on global cues or above "4933"- the new Monthly pivot.
If manages to move above these, Wk.R2-4986 and WEma-4962. With strength, it'll attempt the most crucial-50sma @ 5015+.

Nifty, having closed below DHEma yesterday, tests DLEma and is in sideways mode.

Hi...JayShah,

Pre-Market view was clear about the low being made at the open around 4765-4755. One would have booked out of JNSAR and gone long for the retracement rally.
@4800, once again, JNSAR Longs would have triggered @ Booked out partly @ 4850. The SAR with filter for the long should have been managed and held on.

JNSAR trades may have to be better managed during "closes between DHEma and DLEma (the trading mode)" using TT & Pivot table. Today's range was almost between DLEma(4755) and DHEma(4847).

1. JustNifty TA(01st Dec)

Nifty Intraday Update-I

Nifty PreMarket View

Dear Dr.Cooldent,
Many many Happy returns of the day.
- - - - - - - - - - - - - -
Nifty has, after 3 days of rally of 227 points, found 4865 as a resistance and has started to fall. The minor supports @ 4765(5-sma) & DLEma if held, watch out for the retracement. The big sell off hour candle high was 4843.
If it is the 5th wave, the "ist" & "ii"nd gets completed and the "iiird" may even make a start.
If it is a complex "b" wave correction ("a" being 4639 to 4866), look out for 50% & 61.8%(4750&4726) to hold.

Nifty gets into a sideways mode with a close below DHEma.

Pre-Market View:
"iv"...? or "4th"...? the doubt lingers till the week TA continues to be down.
One of our reader and a seasoned blog owner, Anuj Joshi, who has done in-depth analysis of SAR trades has found that often the trade next to a "Big-gain SAR trade" tend to whipsaw. It is not a rule. But it requires close monitoring. A JNSAR trade after a 210 point rally from the lows would have exhaustion built into it.
The last 2-Hour low is 4812 and the last hour low is 4846 are for aggressive traders.
"4835" being DHEma & HHEma would signal "Intraday weakness", followed by "4812".
"21 hr sma" which is rising (presently @ 4750) is a critical level.

= = = = = = =

And "21 hr sma" rose to 4787 - is a critical level and that was the low of the day.

Pre-Market's resistance was 4865 (arrived at by adding 20 points to an anticipated DHEma-4845+20) and that was the high of the day.

= = = = = = =

Most do not want to study and understand different markets (based on various T/F set ups) which help you to tilt your posture towards a sell at OB or buy on dips, etc.

Most do not want to identify the studies that are currently working and use them effectively.

TT has certain guidelines listed in it...if only you care to put to practice.

Calling me fair or unfair will not solve your problems. Introspection will.

I don't need you. And I never said you need me. If you remain objective in the market, such languages will not spill over but real learning happens and you'll slowly master this market.

You come into this market with a lot of luggage-opinions and you want me to certify that. I can't. I present facts as I see it. And I am not afraid of failures. Day in Day out... Hour after Hour, I am putting them here.

The moment you resolve to "Blame me" for what is essentially your responsibility, You are lost. Believe me...such an attitude will take you nowhere.

I'm scared at times of what I see and feel. I restrict my languages to the level of "guidance" only. And if you can understand them and benefit from them, you end up a winner. If you fail to take advantage of them, you miss an opportunity. Either way, it is "YOU" who has to take those steps and that starts with "sound basics".

1. JustNifty TA(30th Nov)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

"iv"...? or "4th"...? the doubt lingers till the week TA continues to be down.
One of our reader and a seasoned blog owner, Anuj Joshi, who has done in-depth analysis of SAR trades has found that often the trade next to a "Big-gain SAR trade" tend to whipsaw. It is not a rule. But it requires close monitoring. A JNSAR trade after a 210 point rally from the lows would have exhaustion built into it.
The last 2-Hour low is 4812 and the last hour low is 4846 are for aggressive traders.

"4835" being DHEma & HHEma would signal "Intraday weakness", followed by "4812".

"21 hr ema" which is rising (presently @ 4750) is a critical level.

Nifty opened near ST trigger 4773 & has closed above JNSAR.

EW study alerted the possibility of "iv.c" to a channel break on Friday and TT study suggested an upper range of DHEma + 20 points=4835+20=4855 which brought us to JNSAR today and now JNSAR has taken over that trade.

"iv.c" may lose its relevance and a larger "4th" may be in contention or 5382-4639 may be treated as "a" wave of an "abc" downmove.

"Please avoid trumpeting your systems here" - There is already enough here to make money. What is required is some discipline from the individual to believe in and to act.

Sharing Technical analysis/ observations is one thing...and highlighting your performance is another thing. Look ahead....

1. JustNifty TA(29th Nov)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View