Tuesday, January 31, 2012

Nifty Intraday Update-III



63 comments:

Parimal said...

unusually high premium of NF indicates heavy short covering

Tigar said...

@ माँयनाक,
आपले निफ्टी विश्लेषन साठी आम्ही आतुर आहोत

Sujatha said...

sir

thanks for your macro views. coincidentally 5004 is 20th jan doji low below that 4993 gap low. if the trend is weak then 20d/50d MA possible it's now looking
"far" as trend is still "up" but for me "yesterday 200 DSMA breached and closed below 200 EMA"
hence scary in longs :P

Hitendra said...

Sujatha - Do you think it will fall??

SAM said...

@Tigar.... I also tried to get Mynac Correctly in
Marathi but didn't able to get it.

Parimal said...

2.40 effect coming

Hitendra said...

Seems 2:30 +ve factor at work today ...

Sujatha said...

Hitendra ha haha do u think i know the answer?? :P not at all market has it's own rule it will not bother about what i am thinking . just given what i hv observed and my thought

Sujatha said...

hitendra - y i am scary of longs another reason "sensex" close below 17064/16 is -ve let us see

nanjil said...

A week ago there were more bears. And now, there are lot of bulls. Market will be in consolidation till we retailers get into a dilemma mind state of not able to take a decision as to be a bull or bear. When you are in doubt, it will break the range and fly away or drift down.

How should we overcome this? Stick to one study and never leave the tail. Let it be mud or green grass but ensure that you are rolling with a grip on the tail.

piyush sharda said...

@hitendra

what is 75/90 rule??

Hitendra said...

BN threatning Michael Clark's record of 329 :-)

sreyO... said...

Market is consolidation within DLEMA and DHEMA +/- 10/15 points...so, may be tomorrow it will surprise us with a gap down.. :)

Buzz said...

@Nanjil,
You are absolutely right. The system that we follow is JNSAR and time and again we have seen how rewarding it was been. Once in a while, being dumb and just following this system is bringing in the money. Why leave the system? And every time we think we are smarter than the system... our bank account shows us who's smarter.

Being dumb and following JNSAR [with as many whipsaws] is rewarding. Period.

Buzz said...

What an amazing monthly candle this is going to be! Full white body!

Parimal said...

NF at previous swing high

AU said...

every day a new lesson to learn !

Kiran said...

BNF tripple century But DR sir has gone missing since morning.

mynac said...

Dear Tigar,SAM,
अगदी खर खर सांगायचं तर आज सकाळ पासून मी आमच्या मित्राच्या "मुळशी पंचायत समितीच्या" निवडणुकीच्या प्रचारात होतो,कारण त्याला तिकीट मिळालाय :)त्या मुळे जस्ट आत्ताच येतोय. अजून वेन्चुरा ओपन सुद्धा केले नाही,पण शिरस्त्या प्रमाणे आधी जस्ट निफ्टी ओपन केले.

Ram Charan said...

Anyone want to see MJNSAR hit today :)

Hitendra said...

what is a swing high?

Hitendra said...

???
DOUBLE TOP FORMATION IN NF/BNF/?MIDCAP

Tigar said...

Thanks Mynac, You are welcome.

Buzz said...

@Ram Charan,
Bring it on dude! Its been a long time since we've seen MJNSAR being hit!

cooldent said...

RC
want new month high also :)

Parimal said...

swing high/low are recent high/low points, eg. NF had
5217 high and 5097 as low

Hitendra said...

ABOVE 80% RETRACE LVL=5089

Hitendra said...

what is a swing high?

Buzz said...

Dear Cooldent,
Your request is in the queue. RC is first fulfilling my request.

Bull power!! I am loving this!! :D :D :D

Ram Charan said...

DOC: RC will like celebrate with RC(Royal challenger) with fellow JN members Ameen.!!

Hitendra said...

This is like the "Sunday" movie. Nifty does not remember
what happened yesterday. It has lost a day in its life.

cooldent said...

RC

Waiting with ice in glass :)

Hitendra said...

Now BN breaks Lara's record - 400 !

SAM said...

Master Said in Premarket View......

OS intra charts would have a bounce towards & above DHEma being the last day of the month, attempting to close near the highs of the month.

Really Amazing... Hats off to you sir.

SAM said...

Every Tuesday Century....

Ram Charan said...

1st peg with buzz n CD..CHEERS!! MJNSAR Hit.

nanjil said...

Market has a tendency to change the minds in just couple of hour’s move. People who gets carried away with such moves may find it hard to succeed. Never worry about how it moves but think about from where and why it moves. If you can learn the art of surviving such favorable or against moves without doing anything, you can stay longer.

Buzz said...

Alas!!!! MJNSAR!!

RC and CD, Cheers!! Where is our beloved DR sir... the biggest bull is missing when BN is making 4 centuries in a day!

Yoda said...

lol, Hitendra, so true.:)

This nifty is a forgetful beau. grr.

nifty said...

what is the 200 day moving averages for nifty ? Is it
closing above 200 day ma ?

Hitendra said...

MJNSAR hit ... so is long term view now bullish?

Hitendra said...

Sir,

last comment waited...

JCOPER said...

Take a bow ilango sir, you had mentioned taht month end window dressing attampt will be made to close at monthly highs

SALUTE

Ram Charan said...

Nanjil: Well said!!

Nnumber Game said...

@ Ram
MJNSAR hit how much SL need to be consider for this?

Ilango sir pls guide.

Thanks

Hitendra said...

NSPOT MISSED HIGH BY A POINT

MK said...

NIFTY SPOT 200 DMA ABOVE CLOSING ENJOY 2012 BULL YEAR

nifty said...

I suppose that "Hanging man" is now dead & buried !

mynac said...

Just have a look @ Nifty NSE cash turnover today…It is almost Rs.14000 Cr.

Ram Charan said...

Mynac: what is avg turnover on a daily basis?

Buzz said...

@Nifty,
Are you trying to ridicule a 400 year old charting technique?

I hope not. Read Steve Nison when you have some time. 9 out of 10 times candle sticks are proven right.

Yoda said...

... And may he rot in his grave.

nanjil said...

Buzz,

What if monthly jnsar gets whipsawed? Just a thought :)

Hitendra said...

MJNSAR hit ... so is long term view now bullish?

Hitendra said...

Buzz,
Do you mean this would be followed up with a whipsaw
and a fall?

Buzz said...

@Nanjil,
Well this is my view, correct me wherever you find appropriate:

JNSAR is a number that we honor with a 20 pts SL. Day and Week JNSARs are below NS. Today we fiddled with the Month JNSAR [5211] for January but closed below it... at 5199 so our 20 pts SL has not yet violated the longs. Moreover tomorrow is a new month and Feb's Month JNSAR comes to 5126. So the longs should be carried home.

Your views?

mynac said...

Dear Ram Charan,for last 10 Days it is Rs.12450 CR/Day

pyramid said...

Ever since market topped out in Nov -2010,
All Bull months have been followed by at least 2 bear
months. Going by the same logic, Feb and March Should be
Bear Months.

Just an observation!!!!!

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