Day Channel bottom comes around 5400. "5385" is 20 sma - A channel break to 5385-90 would indicate completion of "4th Wave" and commence ment of 5th wave for month end closing.
This view will be discarded if trades firmly below 5385.
hello sir, just small query. as to confirm extreme SAR should be going down step by step. when will it happen? as our day jnsar increase from 5486-5505-5514. kindly throw some light. will it occur when bearish cross over of moving average? which moving average 5-10?
Please don't call him Dronacharya, who mercilessly cut the finger of a great student Ekaliva. I consider it as a heinous act. Not less heinous than disrobing Droupadi.
@PT, Skhan is your answer. Bargain with them... or if you've got an Axis Bank account, try out Zerodha. I've not tried this but I heard that their brokerage is the lowest.
PT - don't be much greedy am expecting bounce @ 5414/06 :P Many factors around 5400/10/25 area. it's better to park book there. February 24, 2012 10:34 AM
Shriram - i am looking in "different angle"if close is below 54K or border means - they may "create a feel that mkt may slide more" to enable " them to enter @ comfort zone" monday may gap up?? I will not be surprised if close is +ve that too abv 5560 zone :) today ... coollllll SL is always there to protect :)February 24, 2012 11:39 AM
PT - still no change in my view today's closing may be around 5427 or 5450 around expecting the second one. +ve close has not come but still support is there for short term monday direct hit @ JNSAR??? who knows i am not greedy but little "expectation" Nifty future is showing some sort of strength. 'as usual i may wrong" :D
Hi - i don't hv any groups me with "Sir's google group" as am irregular some times hence not yet decided to post "intra" if at all i wish also I WILL NOT DO THAT WITHOUT SIR's PERMISSION AT ANY COST.
See this 5-min chart in which the 5th has sub-divided with a 5. Hence, 5630 to 5406, 5-waves are over.
There are dangers to such sub-minute waves labeling. One should manage it with a small SL and it is never considered for overnight holding but for intrday only.
just small query. as in down trend SAR should be going down step by step. when will it happen? as our day jnsar increase from 5486-5505-5514. kindly throw some light. will it occur when bearish cross over of moving average? which moving average 5-10?
Today is the rarest of rare. Continuous learning session. I was reading without batting my eye lid. If you take such lessons for one month I am sure a beginner can mature easily. Will develop adequate confidence to fish on his own.
एक सफल व्यक्ति और असफल व्यक्ति में साहस का या फिर ज्ञान का अंतर नहीं होता है बल्कि यदि अंतर होता है तो वह इच्छाशक्ति का होता है।” विसेंट जे. लोम्बार्डी
In the meantime, part book with one lot and resell on bounces as long as Nifty is below JNSAR.
I consider, this move from 5630 as a consolidation move and hence "longer time holding" may not emerge. You must book profits on shorts and re-enter again on bounces..
I'll update the daily levels to the best of my understanding.
Only when Nifty moves below 20sma-5380, it could get deeper towards 5180-5200-200sma.
PT - still no change in my view today's closing may be around 5427 or 5450 around expecting the second one. +ve close has not come but still support is there for short term monday direct hit @ JNSAR??? who knows i am not greedy but little "expectation"
SIR 3.15 Ilango said... @ Geet,
See this 5-min chart in which the 5th has sub-divided with a 5. Hence, 5630 to 5406, 5-waves are over.
1. If the range is big you can keep 20 points SL 2. Wait for Breakout in the direction of JNSAR ignore the otherside breakout. 3. To make it more simple keep eye on Open Price.
master, i had download ur TA file, in this file lots of sub-sheet so tell me is it for filling value eod and update charts automatically?? Please tell me i m confused to fill row.
Trading Naked option is risky for a time being in my view. The futures will give more profit than options at this time. In coming days we are going to see big volatility.
117 comments:
HH-HL trade update -
Short from 5510 yesterday. Partial profits can
be taken now at 70-80pts profit. And SL can be moved
to NPNL.
BN's MHEma is @ 10419.
if 5421 breaks on 15mins T/F , then 3rd of 3rd is confirmed..
Recalibrating counts :-
1 5629 5461 -168
2 5461 5537 76 -45.2%
3.1 5537 5473 -64
3.2 5473 5521 48 -75.0%
3.3.1 5521 5428 -93
3.3.2 5428 5450 22 -23.7%
3.3.3 5450 5321.474 -128.526 138.2%
Tgt min = 138.2% = 5321
Lets C
Day Channel bottom comes around 5400.
"5385" is 20 sma - A channel break to 5385-90 would indicate completion of "4th Wave" and commence ment of 5th wave for month end closing.
This view will be discarded if trades firmly below 5385.
Where I'll dare....around 5385-5405 zone only. OR Above 5462 and all with a small SL only.
@Anil ji
Thank you , shall await your guidance
NIFTY OPTIDX Open Interest at 2 -> CLICK HERE
@ DR
Did you notice today Master is picking people like me - untrained beginners - the grasshoppers - and leaving in the safe land.
The video is apt. Thanks a lot. Regards,
LV
February 24, 2012 2:11 PM
BNF finding difficult to break todays low
Struck at 10600
dont know accumulation or distribution at this level
2:30 factor will throw some light
any body with BN Mkt Profile chart?
thanks DR ji , I heard it again after a long time ..its a beautiful song
venkatapathy Sir :D
I know you are not "untrained beginners"
but the Arjuna अर्जुन of this battle Field
and Master is Dronacharya द्रोणाचार्य
http://www.volumedigger.com/Charts/Volume_Profile_Charts.aspx
Try this link DRji
I think JNSAR is safe for today.
@ Prabakar Sir
Thanks for reply
I have send one more mail to you
Kindly reply as par time
thanks
@sir
above 5440 is it safe to assume '5' wave done...
Bhavan
thanQ
whatz BN symbol
@ Anil,
I'm keeping "5432NS" as a trigger.
"Sub-minute waves" are challenging one but quite rewarding too.
banknifty
it gives spot values
hello sir,
just small query. as to confirm extreme SAR should be going down step by step. when will it happen? as our day jnsar increase from 5486-5505-5514. kindly throw some light. will it occur when bearish cross over of moving average? which moving average 5-10?
@Sujatha
Now the Impulse down is also missing .. Am totally out .. Weekend to Acha rahega .. No tension .... :)
The intraday chart that I'm monitoring...
http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1330077600000&chddm=271&chddi=120&chls=CandleStick&q=NSE:NIFTY&ntsp=0
type mistake. read down trend instead of extreme
looks like a fast & furious 3rd illango ji :-)
Dr sir,
master indicate 5435/5440 sl means it is cash nifty
based or future nifty based
@Dinesh Rishi Ji,
Scrip Name : banknifty
@ 5405-dare to buy zone starts upto 5385 (This 20sma value is down to 5381 now)
But Point to be Noted A close below 5461 ... is a trigger down :) if i am right
@DR
No doubt Master a great Acharya.
Please don't call him Dronacharya, who mercilessly cut the finger of a great student Ekaliva. I consider it as a heinous act. Not less heinous than disrobing Droupadi.
lol; regards,
LV
DR sir,
BNF H&S breakdown. Unable to post chart due to slow net
Prithvi
all levels are spot levels
if its future it will be NF
BN=spot BNF is Bank Nifty future
@ PT,
How the picture has changed in few days.
Now quite far from DLEma..and WHEma.
45 minuts to go.
If the reversal to emerge, it should happen in this 5385-5405 zone.
"dare to buy" is meant for "Intraday Only".
For Positional : Refer "JNSAR Trades.(Short)
@ DRji
What is the brokerage rate in Sharekhan TT?
Is it on one leg or on both legs for intraday?
@Ilango Sir,
Thanks a Lot ... Saved For Now
Beautiful Life
Brokrage is like buying vegetables
it depends upon how much u can bargain
Normal is .003
you need not to trade with them if you paying less somewhere
else
Just open account and trades once or twice in a month that also not required
"5432" trigger just came down to "5425" as conf..
@Illango ji
Taken support at Weekly channel bottom 5405-5400?
Illango ji,
Am not able to get it, wot is this trigger?
How did u arrive @ 5432 & 5425 ? pls explain
urs
Our "(v)" sub wave of "V" was to end above 5403, which was the SL for the "Dared Longs" is intact.
DR Sir,
I want some one who can charge less brokerage in Options of Nifty .. The 1% above 100 rupees is killing really
@ Shriram,
It is simply the 34Hr Ema in the 5-min chart.
@Sriram
Ilango Sir is a Master in all Sense :)
respected llango sir
sir , i am new to this
plz advise how to make use of this
blog
@POWERTRADE:
POWERTRADE said...
@Sriram
Ilango Sir is a Master in all Sense :)
February 24, 2012 2:56 PM
more than that he shares his riches...
@ Illango ji:
Thank u sir :-) But how did u see Hr EMA in GOOGLE FIN, i can see 2,5, & 30mins only :-(
@ PT: Indeed.. I am learning exponentally everyday wid him !
cheers
PT, zerodha.com charges rs 20 for a lot
regardless of the qty or .01% which one is less
@Raghu,
Start with the right hand side of the Blog
DRji BNF showing significant number of buyers
@ Raghu,
Let me put it this way:
How much do you know about stock market.?
Do you trade or Invest?
If you do, on what basis you have been making trades/ investments?
What is your temperament?
Do you have a "Steely resolve like a military man" or " vascillating civilian".?
Then, I'll suggest.
Good Day. Closing The Day.
@Mr.Illango,
Thanks for the Live Commentary.
@Mr.Dinesh Rishi
I miss the old days. Thanks for Everything.
@Friends,
Have a Nice Weekend.
"5-waves" of downmove over...
@PT,
Skhan is your answer. Bargain with them... or if you've got an Axis Bank account, try out Zerodha. I've not tried this but I heard that their brokerage is the lowest.
TODAY MASTER is in full form batting for fours and sixes
H20
Thanks a Lot ...
@ Shriram,
My mistake.
It is 34 period ema of 5-min chart.
In cash i m seeing volume of 21,800 crores...
guys is it right...i m seeing in TT...
PT - don't be much greedy am expecting bounce @ 5414/06 :P Many factors around 5400/10/25 area. it's better to park book there.
February 24, 2012 10:34 AM
Shriram - i am looking in "different angle"if close is below 54K or border means - they may "create a feel that mkt may slide more" to enable " them to enter @ comfort zone" monday may gap up?? I will not be surprised if close is +ve that too abv 5560 zone :) today ... coollllll SL is always there to protect :)February 24, 2012 11:39 AM
PT - still no change in my view today's closing may be around 5427 or 5450 around expecting the second one. +ve close has not come but still support is there for short term monday direct hit @ JNSAR??? who knows i am not greedy but little "expectation"
Nifty future is showing some sort of strength. 'as usual i may wrong" :D
Hi - i don't hv any groups me with "Sir's google group" as am irregular some times hence not yet decided to post "intra" if at all i wish also I WILL NOT DO THAT
WITHOUT SIR's PERMISSION AT ANY COST.
@Parminder,
Is there something more than a Six :D :D ... Well Master has it all :)
Closing below hawala?
Ilango,
Whatz the intraday target for this upmove ? TIA.
@Power Trade ji,
RK Global charges Rs.9/- per lot per leg + Taxes. this is for your information.
today master
is in over drive
with green box
thank you Very much for
the ORB lesson in the morning
i made money
just got out off my short
thanks again
Sir - request you to post 3 pm HLC figures to enable me to arrive the EOD closing figure. tks n advance.
PT,
it is four and six on eery ball including no balls and
wide
Sir
Can we expect some more fall in coming days
some fibonacci retracement of rise.
If no then why not ?
Become totally Shameless....
That is the only way to "Nirvana"
...........
Nirvana in Life...both personal & professional.
It is just one life...Freak out....
Buzz & PT
dont fall in trap for lower brokrage
if ur vol is less
go for Sharekhan
if your vol is more
you can try
http://www.zerodha.com/
http://www.rkglobal.net/
@ Illango ji
Could you please throw light on how the 5 wave is over?
Thanks
@ Victorious,
It depends on the close.
@ Nifty,
From the lows, 35 to 50 points may be expected.
Above that would add to ST reversal/ bounce possibilities.
Master for weekend reading please do suggest some material on Waves
Become totally Shameless....
Trade Naked
http://en.wikipedia.org/wiki/Naked_short_selling
& not this way
http://www.mycomputerhurts.com/NakedManAtComputerC0610.jpg
Ilangoji,
If the NF premium is 50-60 points and with JNSAR (Down)
is it good idea to go short?
@Anil
tamne aano matlab shu te samjaye chhe?
@ Geet,
See this 5-min chart in which the 5th has sub-divided with a 5. Hence, 5630 to 5406, 5-waves are over.
There are dangers to such sub-minute waves labeling. One should manage it with a small SL and it is never considered for overnight holding but for intrday only.
Illango ji,
1. Price is gonna close below 5DLEMA (developing @ 5450??)
2. Also, possible close below 5WkHEMA (FIXED @ 5444)
This Wk+Day T/F combo suggests BEARISH ONSET , is that a correct obsv sir?
urs
@ Geet,
The Link:
http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1330077600000&chddm=1173&chddi=300&chls=CandleStick&q=NSE:NIFTY&ntsp=0
DR Saab,
I am with SKhan since 2005... and I'm ok with their brokerage...
DR sir,
Thanks a Lot :)
re posted
hello sir,
just small query. as in down trend SAR should be going down step by step. when will it happen? as our day jnsar increase from 5486-5505-5514. kindly throw some light. will it occur when bearish cross over of moving average? which moving average 5-10?
DR Saab!! Thanks for the clarifications on naked short selling :D :D :D
@ Anil
INR 22,500 Cr. is Cash Volume (NSE). This bump up is mainly because of Block Deal which happened in HDFC at the open.
@Sujatha,
Currently I am long on Only Weekend :) :)
Please don't stop posting intraday please :)
@ DR,
:D
@Bhavan
if i remember normally volumes ranges from 8000-12000 cr on daily basis...but seeing todays volume at 22,765 cr....it is abnormal....
it may be due to large change of hands among insitutions...lets see..after mkt in bulk deals...rather lets see highest traded contracts...
@ Illango ji,
Thank you for your reply, Sir I had excpeted the vth of V to be over at 5425 0r 5416. please guide on some reading to understand waves better.
Thanks again...have a lovely evening
@ Ilango
Today is the rarest of rare. Continuous learning session. I was reading without batting my eye lid. If you take such lessons for one month I am sure a beginner can mature easily. Will develop adequate confidence to fish on his own.
lol and lot of thanks and regards.
LV
@ Shriram,
I replied earlier:
If close below WHEma, one should wait for selling on rises.
We are already in "Shorts" from 5555NF March since yesterday.
tadhutabukalu said...
re posted
hello sir,
just small query. as in down trend SAR should be going down step by step. when will it happen?
==========
let the trade catch ground with its roots
एक सफल व्यक्ति और असफल व्यक्ति में साहस का या फिर ज्ञान का अंतर नहीं होता है बल्कि यदि अंतर होता है तो वह इच्छाशक्ति का होता है।”
विसेंट जे. लोम्बार्डी
@ Illango ji
would this labeling be correct:
i- 5522-5463
ii- 5463-5479
iii-5479-5428
iv-5428-5455
v- 5455-5406
Your inputs will build courage
@ tadhutabukalu,
This JNSAR will take a day or two to reverse.
In the meantime, part book with one lot and resell on bounces as long as Nifty is below JNSAR.
I consider, this move from 5630 as a consolidation move and hence "longer time holding" may not emerge.
You must book profits on shorts and re-enter again on bounces..
I'll update the daily levels to the best of my understanding.
Only when Nifty moves below 20sma-5380, it could get deeper towards 5180-5200-200sma.
@DZIRE
thanks...
@ Geet,
Yes.
Fantastic Illango ji,
I jus asked for reconfo :-)
Am in profit wid the 54k PEs & asked to decide if its worth carrying them on for longer
Thanks
The real reason of Saif's bashing up those guys is finally out.....
The poor ignorant man from South Africa just asked,
"Is that cute girl your Daughter? "
sujatha 3.04
PT - still no change in my view today's closing may be around 5427 or 5450 around expecting the second one. +ve close has not come but still support is there for short term monday direct hit @ JNSAR??? who knows i am not greedy but little "expectation"
SIR 3.15
Ilango said...
@ Geet,
See this 5-min chart in which the 5th has sub-divided with a 5. Hence, 5630 to 5406, 5-waves are over.
5522 5406 116 5433 5450 5464 5478 5491 5499
5500 MAY BE EXPECTED
sir - am a small lonely bull :P hence my week end prayer -
Oh god please take out DLMA /J10SAR directly in the opening itself on "monday" for further JNSAR :)
PT - closing figure is almost @ my NO. 5427 / 5448 is little comfortable hope it will do at closing??
HDFC stake sale by citi 10000 crores hence high vol
@ Anil hdfc is one bulk deal today a significant stake
changing hands and in the mrng 148M nifty spot trade that could maybe xplain it
WKLY PIVOT MAY BE 5490.
DAILY MAY BE 5450
Sir kindly give Information on proper Entry and Exit if possible.
Warm Regards
Smita
right sir : may be 5380 is deciding level for bull and bear
next day.
@ Ilango ji
Thanks
thank you sir.
Have a Great weekend Master and all JN friends.
SUJATHA,
CONGRATES.
AS YOU ARE CORRECT FIGURE OF CLOSE SINCE 2 DAYS.
PREDICT FOR MONDAY CLOSE.
Thank you for live education !!
Thanks a ton Sir ...Have a nice weeknend :)
DR Sir ..
When we trade ORB ..like today it was 5476-5521 ..then on break of 5476 if goes short ..what should be the Stop loss ..Should be the high of orb ?
Smita
there are so many ways to trade ORB
http://tradeinniftyonly.blogspot.in/2008/11/nifty-intra-day-trading.html
http://niftydoctor.blogspot.in/2009/04/opening-range-breakout.html
Practical Experience
1. If the range is big you can keep 20 points SL
2. Wait for Breakout in the direction of JNSAR
ignore the otherside breakout.
3. To make it more simple keep eye on Open Price.
Smita
Snow White Shuchi so cuteeeeee Little Angle
Thanks Sanjay Bhai
for the input so wanna share here
Sanjay Jaiswal
Bank Nifty Developing Weekly values are 11068-10834-10600, So at 10600 this Kolaveri
master,
i had download ur TA file, in this file lots of sub-sheet
so tell me is it for filling value eod and update charts
automatically??
Please tell me i m confused to fill row.
@ DRji & Others
Thanks for sharing about brokerage rates.
@ Ilangoji
Thanks a lot for educating newbies like me.
jayant singh said...
The real reason of Saif's bashing up those guys is finally out.....
The poor ignorant man from South Africa just asked,
"Is that cute girl your Daughter? "
Ha Ha Ha. Nice one.
Thank you DR sir :)
@ NSE OPTIONS
Trading Naked option is risky for a time being in my
view.
The futures will give more profit than options at
this time.
In coming days we are going to see big volatility.
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