Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
-
I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
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...
86 comments:
DR Sir thanks for detailted Explaination....
Now we will have one more EW Expert at JN .....
दिनेश सर, पार्टी ख़तम होने से पाहिले बता दो,
कही नशे के हालत में पकडे न जाये!
Expected Expiry Nifty level:5123
SAM
मुश्किल है
Bank Nifty weekly 55ema @9810
@ Pyramid,
3rd waves generally break the channel top..as they considered the most powerful part of the move.
4th waves generally break the channel bottom (false break down).
these are guidelines and may not occur in each and every move. When it happens, it adds to your conviction.
Nifty pausing at the resistance line: CLICK HERE
BN range contracting
taking shape of triangle
snake attack position
http://bankniftytradingchart.blogspot.com/
@ prakashbkc,
Volumes matter. But there can never be volume without price being affected by it. If it happens, it is a "transfer of shares transactions between 2 funds".
Price study covers everything.
Volume study would add to your conviction.
Besides price study, "follow FIIs buy/ sell data everyday". The current upmove has been supported by FII buying.
I am posting my comment again, because my comment appear at last in last post
*****************
Do we all are in denial phase of this rally?
Who is actually buying, what is the % of retail investors
like me. Yesterday was Tuesday and again I burned my fingers.
This time market did not gave a single correction and
stayed above; once opening gap up. That too moving in
tight range. Last time in March 2010 when
all indicators were in overbought, still market was moving
because of it's own hidden rule (Mass Hysteria). And next
correction happen in April 10. Nifty was in bull run for
Almost one month in overbought conditions and continuously
defying all technical rules.
I request Illango Sir and experts to give some light
on overall market view for next 6 month.
dineshji,
i think triangle broken now.
Taken support at weekly 55ema @ 9810 and zoomed
to 9840 directly ...
thank u sir
Dear Illango Sir,
Humbly request you to take off the words lead indicator from the above charts. They are misleading.
How can lead indicator not point to a 300 point rise?
Expiry tgt 5180.
It will close near resistance area which Sir already mentioned
in the morning.
@Nilesh.... Thats a Good Joke.
@ Dhirendra,
Which technical rule market has defied..?
Let us follow the prices.
Most observations made here are based on "intraday movements" and meant for intraday only.
Let no one take it for positional trades.
Often we have emphasised the need for EOD prices to confirm a reversal.
If "retailer" fail to understand TA in its true spirit and loses, should we blame Technical analysis.
If one understands the concept of "Technicals of different Time Frames", one will be able to read the markets quite well. Also have your own "signal generating numbers" to indicate a uptrend/ downtrend. Rest is simply to follow your method.
Week TA gave a reversal from down to UP on 6th Jan.2012 when it closed above 4745 @ 4756. Higher T/F TA generates higher returns.
Nifty expiry at 5170
Dear Nilesh!
Market may go up another 300 points high without giving indication by lead indicator. In KP time i remember that most of active stocks RSI was near 95-100 & even then they moved 100-200% more from there:)
Dear Jiignesh!
Good wishes for this minor change in name, may God bless you wealth, health & all happiness in this new Avtaar. Thank you so much for your sincere efforts for expiry game. I request everyone to participate with full enthusiasm. My expiry guess is nearly 5110:)
SGXNifty at high
Let see will bank nifty stays above 9872
i.e. 50% retracement of 11978 to 7766
thank u very much master for clearing doubt.
dare said...
dineshji,
i think triangle broken now.
========
Clap clap clap
Next hurdle days high
there we'ii sink or fly
5170 may act as resistance today
My Nifty Expiry value - 5175 NS
Thank you Master, I follow your blog silently, and hence
escaped numerous times in past. I have made decent profit if not outstanding.
This time I tried to sail against the tide and got anxious over
Nifty movement. Thank you for your words, enriching my knowledge.
SBI Chart Update: CLICK HERE
@ Nilesh,
Lead indicator pointed out the breakout @ 4637 when it closed above 20 mark on 02nd January.2012.
Wasn't that a lead.
It only leads...it does not tell you how many points will be generated.
My expiry guess 5150 (with a 5 point margin)
I am expecting dark cloud cover
let the mkt show its cards first
@ Kumar Sir,
Let it go up 1000 also. What lead indicator is this. Not seen it show more than 10 points here and there.
Kuch badha dikhao and call it the Baap of all lead indicators.
Most Important Message:
Do not follow any study/ method/ person, if you can not understand it/ him.
It is your money.
Protect it.
Employ it in only those good risk-reward trade set ups.
I have always emphasised the need to "Part book/ re-enter/ holding part positions till reversal".
Do this...consistently..you'll never have complaints and go in to "Silent mode like Babu, the richest JNSAR trader".
@ Illango sir.
If it pointed in a direction should it not continue showing the way?
Yeh kya hua- showed us a way and piche se nikhal gaye
Nilesh bro
Aap pls piche se nikal jao
no red spot yet..but ns is at kissing levels of it
will it fall below or take support to jump more??
how about ... 5080 5097 as that was the level that gave thrust to the upside ....
@ STOCK4SURE,
First Red dot when Nifty resisted from "5150-5170-cluster zone".
Babu may be richer but richest is ???
Hi every one,
Can anybody please guide me to the link where ilango ji has
given the Jnsar trading methodology.
Rgds,
Waquar.
@ dineshji,
Whats dark cloud cover??????
Can you explain....
Dear Nilesh!
Sabka baap indicator to PRICE hi hai. One question, when you started visiting this blog?
expiry vil be at 5156...nifty moving average 36 point per
day during these day..
@Waquar:
http://tradeinniftyonly.blogspot.com/search/label/JNSAR
Thank you Prabhakar !!
@ Waquar,
JNSAR
JNSAR- a SAR Method
JNSAR for Options Trading
JNSAR with TT
JNSAR for good gains
Expiry could be around 5150. Since beginning of January,
all Tuesdays have been super bullish and Wednesdays
have been dull days.
Just an observation!!!!!!!
Almost 25 lac intra addition up to 1.15 PM on last day of expiry ,and though Bulls want to ride further, it would not be that much easy from here as this PE writing effect, going to vanish from tomorrow for next series.
Nilesh,
refer the article,
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:stochastic_oscillator
it is important to note that overbought readings are not necessarily bearish. Securities can become overbought and remain overbought during a strong uptrend. Closing levels that are consistently near the top of the range indicate sustained buying pressure. In a similar vein, oversold readings are not necessarily bullish. Securities can also become oversold and remain oversold during a strong downtrend. Closing levels consistently near the bottom of the range indicate sustained selling pressure. It is, therefore, important to identify the bigger trend and trade in the direction of this trend. Look for occasional oversold readings in an uptrend and ignore frequent overbought readings. Similarly, look for occasional overbought readings in a strong downtrend and ignore frequent oversold readings.
Ilango sir- I have seen so many new users coming and requesting for JNSAR trading methodology. Would it be possible for you to put these links on the right hand side with a title like How to Trade using JNSAR.
Would be easy for newbies.
@Waquar: Thanks goes to Master only. He is the creator of the System
People are fond of "bashing up indicators/ EW studies".
They are just tools. Use them when they are relevant. Keep them in background to use them again when a situation presents itself.
Indicators have their utility as well as disadvantages.
How do you get to understand the "exhaustion in prices"?
Divergences have shown some very good trades.
Need we say more.
red spot ka dhakka...zor se laga
thda hai thode ki aur zaroorat hai
This is 34th (fibonacci number) hour from bottom of 4930 !
@ RamCharan,
"Labels" section on the right side is like a ready reckoner.
All are available there.
a doji in 5 min charts...5156-5144 levels to watch
dare said...
@ dineshji,
Whats dark cloud cover??????
===================
http://www.onlinetradingconcepts.com/images/candlesticks/DarkCloudCoverPic.gif
Expiry at 5122
“How do you get to understand the "exhaustion in prices"?”
I have some 25 colleagues having demat accounts at my office and all of them trade. Some occasionally and some aggressively. When everyone talks round the clock about the markets, I’ll reduce my exposure and when they never talk a simple word about markets, I’ll add more position. This is a simple tool I follow to understand exhaustion and distribution in the markets.
Ok, coming to expiry business, we may close at 5178 . Expiry will be at month’s high to leave everyone to keep a guess whether it has closed at peak or ready for another break-out with gap-up. Holiday is going to be a tensed one for all, watching world markets.
Master: yes. Just that so many people ask again and again, so was just thinking of a way where people can spot it the moment they enter this blog.
Thank you so much kumarsir for wishes
Dear D R Ji!
Thanx for Dark Cloud cover link, i was having wrong:)
http://www.irishviews.com/dark-clouds.jpg
wave 3 ext in dnward impulsive
pattern:expect ns to close @ 5110
red spot again dhakka maaro
Expiry may be @5110
Waterfall Effect in Nifty - Link
People wanna have the cake and eat it too. The problem is that the indicators are not Bakeries, though Nifty tends to bake our brains every now and then! :D
@ dineshji,
thanks.....
r u expecting today??
feb banknifty future is almost at par or disc
with few points...let see
Shame shame share tips
Please friends
SGXNifty is higher by about 25 pts. does it mean that
it is Feb future
regards
@Share tips: We know about to day
my expect nifty will come near 5075 and close 5095.
Parimal
Yes
@Parimal,
yes, they are showing feb series. it is mentioned some where there.
Plz dont treat any guess as a call,
its just Expiry Guess game
Tom is holiday and bulls might like to book profit
as I am expecting dark cloud cover
H5141;L5049
diff 92/2=46
5141-46= 5095
5095 submitted
Just for fun...
http://funnypicturesimages.com/images/image/download-funny-cartoon-02.jpg
Nifty expiry may be near 5115. Reason impulse move may be end at today's high now correction start and bulls trying to close above 5110 lavel
5170 is a firm res for short term ...
C.3 or A.3 has already done 215% x C.1 (orA.1),
possible fibbo levels for Rxtended 3rd wave are 223.6% , 311% & 425%
Time for DOWN via C.4 (or A.4) ???
New Post Done.
5000 to 5064 consolitation range and breakout from there :: using fibonacci "2.618%" of this consolidation range price is 5167.55.
Expiry 5125 due to head and shoulder inday chart
DR sir my system giving sl for now 5080 and showing some profit booking here so i expect it,s will come near and close 5095.
Dear Jigs
sorry, i am unable to take part in expiry contest since
my software is not working.
but my guess is that it Jan expiry will be at 5170.
thanks
nifty could close at 5186.today high plus today range.
Post a Comment