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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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...
68 comments:
Now Sell Anything in Nifty , BSE
Regards,
Pranjal - can you be a bit specific?
mynac - u r threatening me :( check mail.
PT - 1/2 apple only finished..balance pending..sir's last post giving some strength
Sujatha ..... A an apple a day keeps the doctor away ...
hahahahahahahhaha
Bhushan said...
"Follow JNSAR + Kar etbar = Daulat Beshumar" - BankNifty Sant
Now Prescription for who loosing money....
Whisper above mantra 50 times every 4 hours in a day.
Will cure ... Lossaria.....:)D
NIFTY OPTIDX OPEN INTEREST AT 2 PM -> Click Here
Advanced Happy Birthday to Ilango Sir :)
DR Ji, u spoiled my plans; I am waiting to be d 1st wisher :D
@Mynac,
The positioning of Daily & Weekly Lead indicators are keeping me interested towards bullishness. Add to that, the "bounce" of Slow MACD off the Trigger line in the Daily chart. Usually the implication is very strong.
The abundance of Positive Divergences in the Weekly TF and now even in Monthly TF (e.g. 5-RSI) is making me Long-term bullish with each passing day. Check the Monthly 5-D. It is at the same level as the 2008 low. But how much price fell? Same thing in BN too.When we see the same thing in,say Daily or Hourly TF, we interpret as highly bullish, isn't it? :D
In the short to medium term, another downmove after a rally (maybe the current one), would make the whole picture very nice for me. BTW, check the "Wk. Bar" tab in Master's BN TT file. VERY interesting.
Enough rambling. Time for you to ignore this and time for me to return to sleep. :P
Dear Sujatha,
How it is possible? & How can I?
As I am still waiting for 4800 as Dear Ilango mentioned above if I am Bull & and only would like to book there & would like add in very small QTY short there considering only “Very short tern over bought condition “ So only would like to take momentary advantage …. And it is only up to Friday as per this time market condition. It will change afterwards….. No doubt as per that time conditions...
Nifty Hour chart: CLICK HERE
Off topic....
Day before yesterday I was watching CNBC Awaaz at 12.00PM
FnO program was running on the channel...
All 5 Technical Analysts (So called) unanimously gave sell
call for target of 4530....not a single analyst was having
contra call.... now God know who follows them.. what would have
happened....:)D
@ Satheesh Mam,
is is fast fall setup on 10 min charts with -ve div.
Mynac,
If don't mind, can you check your records and advise
Between 1st dec to 20th Dec, when we fell to 4531 from 5000 levels, at what price level biggest volume happened? If that level matches to any of the JNSAR trigger level of SELLING on that day, that should act as super rock resistance now.
nf fall not supported by vol;
likely to rise
can nifty be bought here or up move has finished.
@ Sam,
All these analysts of so called media are compelled to spread
particular levels and messages.
Better follow Three Monkey Disciplinary rules of
Gandhiji in stock market trading.
-Not to hear any evils,
-Not to see any evils,
-Not to speak any evils.
Dear Sujatha,
It is nothing but with the help of Tech Table, purely Day Traders mentality wise/style trade, when Nifty try to run too far away from JNSAR in much lesser time,& if Hrly tech table is slightly more supportive for contra trade than current trend. Even you know it that I used to try to capitalize these types of opportunities …But surely not advisable for new traders or those who are not that kind of mentality.
Sam - another clue for trading "who's watching TV" they have to take "ulta position" :D :D
To add on 16th Dec from 1.30pm to 3.30 pm there is 200 pts
fall to close at 4650. THat is not surpassed yet.
regards
wow what a fall that was...bullied who try to buy
above yesterday high...even 20 pt SL dont stand...
@PT
smiling...
Highest volume of the day in NF came at days low...
it is 365850... now lets see how price behaves from here
onwards.. will it take support here???
@ANIL
Ameeen :)
@Suja Sis.... LOLz....:)
Nilesh,
as per my 5min NF charts it is a fast Rise.
mynac - thanks..yeah i know how to handle the TT :) will handle "purely with trader's open mind" i will not mingle my "long term or short term" view while trading TT. each and everything is "different".
Many left the plane in last fall bcoz fear was ultimate.
@Gaureshji .. thanks... but I never follow any TV channels
at all... I just shared it....
This impulse from 4588 possibility -
w1 - 4588-4630
w2 - 4630-4602
w3 - 4602-4781
w4 - 4781-4729
w5 - 4729- 4771, 4797, 4839 ( w1, 1.62*w1, 2.62*w1 )
i will not mingle my "long term or short term" view while trading TT. each and everything is"different".
@sujatha you always rocksss
Dear Friends,
I have absolutely not that kind of bearish view here. You may ignore this as opportunistic trade. On the contrary I have absolutely no doubts in my mind when at present JNSAR is long & from here where market wants to go or wants to do.
looks sell on rise.
An era of Cautious Optimism ....
@Golfdude: Can you pls fwd that doc which Shikar sent to my
id - prabhat.hegde@gmail.com?
highest volume trade...
time tick vol
12:18:16 4746.4 157300
14:24:53 4741 179750
seems someone cant afford nifty future 4740...
@PRABHAT download it here....
http://groups.google.com/group/justnifty/attach/5009514c115a4ea4/Nifty+Hour+EMAs+test1.xlsx?part=4
Dear Anil,
Even earlier too there is day’s second highest cash volume trade is @ 4740 @ 12 ‘0 clock.
There has been three attack by plane on 4780 about mark and
beauty is each time it break-ed
first attempt 4773
second attempt 4781
third attempt 4783,
nifty restricted at 200 Hrsma twice.
below 4740, shorters are safe.
its expanding triangle in minute chart today !?
jiggs - hi :) nothing rocks :P shorting at monthly cam H3 with TSL of weekly fibo 50% covering at support. but my positional is "long" as weekly fibo 61% is strong + SL is weekly open. hehe
PS : NEW COMERS DON'T READ MY POSTINGS that's INJURIOUS TO YOUR WEALTH
Hitendra said...
looks sell on rise.
sell on rise= the moment one sells & mkt rise
GRP-ji - can u post the impact which "B" will come??? tks n advance.
@sujatha lolz
Rightly said DR sir... this was happening to me before...
coming to JN and using any TA.
Good one DR sir....
Grr... nifty in grinder mode today. Majority of tmie
spent between 4740-4760 range.
I am however little bullish for this month since I expect
RBI to cut CRR rates his Jan 24th. Hence I do not
see a downside correction for more than 4640 levels.
For me, concrete was laid on 4700 wherein the more time
nifty closes above 4700, the more curing happens for a
rock solid support.
I am with Sujatha Ma'm.
@Sujatha, intraday slap of 50 pt by B at 2 o'clock:) that impact should continue in days ahead, rocky path ahead even if crosses 4800
Tmrw developing jnsar is 4748.
Is it?
@Hitendra : 4690
Please buy parachutes for tomorrow ... may be crash landing
ECB data point to some problems late night
Dear Hitendra,
It is just Hrly.Developing JNSAR...& not JNSAR
Yes Prabhakar,Mynac
4690 co incides 21/34 HrSma
@PT yaar bivdavo ma...
European Stocks Retreat Before Bond Auctions
Nifty did not enter in yesterday's last hour low area of 4725, 20 DMA now at 4725 so it looks like consolidation to me for another rally.
grp-ji - mail sent. pls. check.
hello Mr. Newton..let us be with parachutes by next week not this week pls.
@ ILLANGOJI
IF CLOSE BELOW DHEMA SHOULD WE REDUCE LONG ?
Adjusted close will be above DHEMA
Thank u sanjay bhai
Looks like market will close below DHEMA (4744)
Cooldent - do pray "Om 20 sma-ye namaha" 108 times fast
Bye Sir and all blog mates
Heil Mr.Jaiswal!
dear @ iango sir...i follow ur level n sell nifty 4738 below level trg of 4725 as ur pre market level.....but my s/l is hitted...why sir?
plss reply sir......i m new sir..plsssss suggest
SIR JI,
If you are providing some paid calls than please send information on neyaz.aman@gmail.com
cuz last few days i m not getting any proper market view on this blog spot.please let me know...coz i always follow your technical ...
Regards
Neyaz
pune
If anyone wants to know it, how much close fight was it for a day? Then just have a look @ today’s Hrly 21 & 35 D values from tech Table….since 10AM..Totally neck to neck... :) & after 10AM Hrly close, when one red dot was visible in Hrly.tech table… game …at least for the day started to favor slightly intra Sellers than buyers.” This was just observation for the day…and nothing else. Bye everybody.
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