TODAY GAP OF 5327 IS FILLED AND 5361'S GAP IS REMAINING I.E. 28-10-2011 CLOSING IS 5361 AND NEXT TRADING SESSION'S HIGH IS 5360, ONLY ONE POINT GAP AND SWING HIGH IS 5400.
If you could recall in Dec Harpreet(Happy, had put forth possibility of a gartley pattern. It has unfolded the same way. So, according to that chart, what is the trend, post completion of that pattern?
can someone please share your contact number, I want to speak with you to understand how to take positions based on the blog data? How to do JNSAR trade ? I also request master to broadcast everyone as soon as he do atrade and everyone of us can follow him. You can email your contact at raghulohe@gmail.com.
Sir, Me too newbie. I want to read all the blogs explaining to understand the application of "The JNSAR System". It'll b helpful if we'll get the all blog dates since beginning or urls.
In my earlier posting I have given maximum target of 5340 level. (Tolerance limit of 10 Points ) Presently market touched the maximum of 5335. Before reaching the target of 5335 market touched the low of 5077 and the count for the same is given below.
Wave a / 1 = 5077 - 5215 = 138 Points Wave b / 2 = 5215 - 5159 = 56 Points Wave a - c / 3 = 5159 - 5290 = 130 Points Wave b - c / 4 = 5290 - 5225 = 65 Points Wave c - c / 5 = 5225 - 5335= 110 Points
From the above it is obvious market can go maximum of another 29 points since Wave 3 can not be shortest. The length of Wave 3 is 130 points and Wave 5 can be maximum of 129 points. Please note Wave 5 has already moved 110 points. Thus market has potentiality to go maximum of 5354.
As per the above analysis I am of the opinion market reached its top. But we can not take market behavior has granted and it has it's own way of behaving. Hence it is advisable to wait for confirmation for reversal of trend which can be confirmed when market goes below 5077. But as far as Intra day calculation is concerned market is likely to correct from current level.
CONCLUSION A good trade set up exists at current level hence one can initiate Short at current level with stop loss price of 5358. I t is advisable to exit when one made a profit of 40 to 60 points or alternatively do their trade management by Trailing the Stop Loss. Once market crossed 5358 initiate Short at 5420 / 5435 with stop loss price of 5450 and reason for the same is explained below.
NOTE The above calculations are made based on the assumption that Wave 3 may not sub divide and progress further. In case Wave 3 sub divides then the possible target will be moved to 5420 / 5435 and accordingly initiate short at 5420 / 5435 with Stop Loss Price of 5450.
Since the present up move is 5th wave, only 5th wave can extend further. But at the same time Wave 3 is smaller than Wave 1 under these circumstances Wave 5 logically will be less than Wave 3. Hence my assumption Wave 3 sub division is ruled out. Thus the the current up move is locked at or below 5355.
Also note our market has been reacting as per Dow Jones positions in the morning sessions and once Europe opens at 1.30 p.m. our market has been reacting to it. In US market all their index are nearer to 52 Week High or crossed it marginally. Where as FTSE is presently in the 78% retracement zone.
And as per my above observation / understanding, market may open flat to positive and trade narrowly to reach the level of 5420 / 5435 or alternatively in the morning session itself it will start moving down ward direction. Extreme caution is required for another two trading sessions for the reasons explained above.
I have given two different target 5355 or 5420/5435, But i am inclined more towards the target of 5355and the reason for the same is explain in my posting.
19 comments:
as predicted longer downward sloping channel has been taken out that was present for last several months. should look for low risk entry point.
Actually 50% of FIIs are our desi Indians only
getting money stashed abroad thro Mauritius and other
P note routes.
It need not necessarily be only money
from US or Europe.
And this rally will continue until
election season is over. After that reality will rule.
But who cares. Rally or Fall - Top gear or reverse
gear - Sometimes bull Sometimes bear!!!
TODAY GAP OF 5327 IS FILLED AND 5361'S GAP IS
REMAINING I.E. 28-10-2011 CLOSING IS 5361 AND NEXT
TRADING SESSION'S HIGH IS 5360, ONLY ONE POINT GAP
AND SWING HIGH IS 5400.
Illango Sir Namaste,
If you could recall in Dec Harpreet(Happy, had put forth possibility of a gartley pattern. It has unfolded the same way. So, according to that chart, what is the trend, post completion of that pattern?
Regards,
no changes in macd histogram despite rise from 5087.
if dow will not cross 12,841 today then it will be
in red today.
Hi Everyone,
can someone please share your contact number,
I want to speak with you to understand how to take positions based on the blog data?
How to do JNSAR trade ? I also request master to broadcast everyone as soon as he do atrade and everyone of us can follow him. You can email your contact at raghulohe@gmail.com.
Warm Regards,
Raghu
Would appreciate, as we are recent entrants to this blog, if someone could briefly help us catch up with quick tips using blog data. thx.
@Bunty,
If JNSAR is below spot go long and if it is up, go short.
Now there are different JNSAR for different time period.
like Hourly, Daily, Weekly, Monthly.
Might be it is very short, but this is simple.
Now keep visiting on this blog and you will get the
understanding automatically.
Hi Ilango sir,
Why VIX is increasing with nifty going up?
what we can interpret with that?whats may happening?
For Beginners
No pain...no gain.
Spend time to understand it...then let your money do the work for you.
Why VIX is increasing when Nifty is going up...?
A ST top may be around the corner and hence volatility may be rising....Fear may be creeping in.
Let the price show the weakness. VIX just shows what it reads from the volatility in the market from the patterns developing from Options activity.
Sir,
Me too newbie.
I want to read all the blogs explaining to understand the application of "The JNSAR System".
It'll b helpful if we'll get the all blog dates since beginning or urls.
Thanks
Tech. Table made easy.
JNSAR
JNSAR- a SAR Method
JNSAR for Options Trading
JNSAR with TT
JNSAR for good gains
Pivot points for trading
Trending & Sideways market Trading
Trend following & Tech. Table reading..
Trend following - the most basic of all.
Reading Oscillators
going goooooooood.. All is well...
thanks sir.
MONDAY 34TH DAY , REVERSAL DAY???????
6338-4531=1807*50%=904
4531+904=5435 --TOP??????????
Trade Plan for 6th Feb.2012
In my earlier posting I have given maximum target of 5340 level.
(Tolerance limit of 10 Points ) Presently market touched the maximum of 5335.
Before reaching the target of 5335 market touched the low of 5077 and the count for the same is given below.
Wave a / 1 = 5077 - 5215 = 138 Points
Wave b / 2 = 5215 - 5159 = 56 Points
Wave a - c / 3 = 5159 - 5290 = 130 Points
Wave b - c / 4 = 5290 - 5225 = 65 Points
Wave c - c / 5 = 5225 - 5335= 110 Points
From the above it is obvious market can go maximum of another 29 points since Wave 3 can not be shortest. The length of Wave 3 is 130 points and Wave 5 can be maximum of 129 points. Please note Wave 5 has already moved 110 points. Thus market has potentiality to go maximum of 5354.
As per the above analysis I am of the opinion market reached its top. But we can not take market behavior has granted and it has it's own way of behaving. Hence it is advisable to wait for confirmation for reversal of trend which can be confirmed when market goes below 5077. But as far as Intra day calculation is concerned market is likely to correct from current level.
CONCLUSION
A good trade set up exists at current level hence one can initiate Short at current level with stop loss price of 5358. I t is advisable to exit when one made a profit of 40 to 60 points or alternatively do their trade management by Trailing the Stop Loss. Once market crossed 5358 initiate Short at 5420 / 5435 with stop loss price of 5450 and reason for the same is explained below.
NOTE
The above calculations are made based on the assumption that Wave 3 may not sub divide and progress further. In case Wave 3 sub divides then the possible target will be moved to 5420 / 5435 and accordingly initiate short at 5420 / 5435 with Stop Loss Price of 5450.
Since the present up move is 5th wave, only 5th wave can extend further. But at the same time Wave 3 is smaller than Wave 1 under these circumstances Wave 5 logically will be less than Wave 3. Hence my assumption Wave 3 sub division is ruled out. Thus the the current up move is locked at or below 5355.
Also note our market has been reacting as per Dow Jones positions in the morning sessions and once Europe opens at 1.30 p.m. our market has been reacting to it. In US
market all their index are nearer to 52 Week High or crossed it marginally.
Where as FTSE is presently in the 78% retracement zone.
And as per my above observation / understanding, market may open flat to positive and trade narrowly to reach the level of 5420 / 5435 or alternatively in the morning session itself it will start moving down ward direction. Extreme caution is required for another two trading sessions for the reasons explained above.
I have given two different target 5355 or 5420/5435, But i am inclined more towards the target of 5355and the reason for the same is explain in my posting.
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