- Weekly pivot @ 5219 & JNSAR+20 pts filter @ 5237 are the resistances.
- Technicals are down.
- All the supports @ "5136-5155-5171" have not yielded sustainable rallies.
- Break of 5180 would suggest of a decline below 5155 towards 200sma & lower.
- How lower, we have no clue. However, by following technicals in the most objective way, we'll stay with the trend/ exhaustion of trend to make sensible trades.
- As per EW, the 1st wave dn from 5280 may have been done @ 5180 or may make its low at open and a small bounce may follow.(Though we expected the same yesterday, we also had an invalidation point @ 5215, opening below which our concern was voiced)
- Similarly opening below 5170 would be of concern today.
- Holding above 5170, in the opening session may lead to a minor bounce to sell into..
Friday, May 4, 2012
Nifty Pre-Market View.
Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
40 comments:
Good Morning Master & Friends
Those are against JNSAR trade will burn their hands again.
Good Morning Master and blog mates.
Good morning Sir and all blogmates.
Have a gr8 trading day.
Namaste Ilango Sir and All.
Good Morning.
Master ilango and friends,
Good morning to all
☺☺
Namaste Ilango Guruji,
GOOD MORNING to YOU & to all fellow blogmates....
Good Morning to Ilango Sir & all my JN Family members....
GM Master. Superb pre-mkt messages in points. Can we
please follow the same pattern everyday from today?
GM Everybody,
Though it is not rule,it is in general observation that whenever Nifty starts to trade firmly below JNSAR,it goes at-least 100 points down from that triggered JNSAR point..i.e.in current situation it is 5224..
Pranams Sir,
Good Morning to All.
Namaste beloved Master and friends
May the Supreme Lord bless us with good health and prosperity
May all of us have a profitable trading day
coincidentally most of the crucial numbers (JNSAR, Lema, Hema etcare around 5200.
below this level, a clear trend has evolved after some time
A bird sitting on the branch of a tree doesn't get frightened by the shaking branch, bcoz the bird trust not the branch but its wings . Trust ur potentials! GM ALL.
Recently when Nifty went up to 5154,and traded between 5150-5200 for few days,there were almost always huge cash volumes on various trading days between 5185-5192...
GOOD MORNING ALL.
Gm Illango sir & all
@Mr.Illango Sir/ Any Active JNSAR trader,
http://tradeinniftyonly.blogspot.in/2010/09/jnsar-stop-and-reverse-trading-method.html
In the Above Link I have 1 Doubt.
///Step:2: If after triggering a reversal trade @ 5468 and markets fall again, you do not change the trade on the same day as JNSAR is done only once a day but do so only the next day based on next day's JNSAR.///
What Exactly it Means?
No filter for that trade?
I really don't get that point!
Hope I will get Answer for my Question.
Thanks in Advance.
Can anyone please tell me what is the BN JNSAR for today?
Namaste Ilango Sir and fellow bloggers
LV
Modified Mr.Illango's Strategy – Amibroker AFL code
By Mr.Rajendran
Good morning gurudev and friends
Good morning gurudev and friends
GOOD MORNING SIR & ALL JN FAMILY
Camarilla Key Levels
Consider L4 @5168 & H4@5209 Only as Range is Too Small.
@ J R Julius,
Hi Sir,
How you take intra day trade as per camrilla pivot?
Pls explain if you are free.
Thanks in advance.
Nifty Important Market Profile Values for Today:::
Daily Values : VAH - 5226, POC - 5214, VAL - 5202
Weekly Value : VAH - 5217, POC - 5194, VAL - 5171
Monthly Value : VAH - 5305, POC - 5227, VAL - 5149
Thanks & Regards
@Mr.Justvinay,
Basic Rules Explained Here.
http://tradeinniftyonly.blogspot.in/2012/03/nifty-premarket-view_20.html
Few other Resource from Outside
http://www.mudraa.com/trading/77793/0/do-you-want-a-sure-fire-thing.html
Ok
Thanks Sir,
Good Morning..................
*****Same Query@3rd time******
@Mr.Illango Sir/ Any Active JNSAR trader,
http://tradeinniftyonly.blogspot.in/2010/09/jnsar-stop-and-reverse-trading-method.html
In the Above Link I have 1 Doubt.
///Step:2: If after triggering a reversal trade @ 5468 and markets fall again, you do not change the trade on the same day as JNSAR is done only once a day but do so only the next day based on next day's JNSAR.///
What Exactly it Means?
No filter for that trade?
I really don't get that point!
Hope I will get Answer for my Question.
Thanks in Advance.
@Prabhat,
BN JNSAR for today is 10233
Julius
It was how jnsar trades were done during the initial days.After triggering the trade is reversed only the next day. Later on sir has changed it to the system we are following now
@ J.R.Julius,
JNSAR traders could not handle 100 points intra swings on certain days when JNSAR triggered and hence suggestions were offered to have 20 points filter to manage a trade within the day to keep losses to minimum. Such filters have been evolved by individual traders in their own way based on their experience.
My big brothers pyaara BN going into four digits :(
@Mr.Illango Sir,
Thanks a Lot for the clarification.
Regards,
J.R.Julius
Good morning Master and all JN friends !!!
Have a Great Learning and Earning today !
@ Prabhat
BN JNSAR for today is 10233 as per master.
BN downtrending please visit stockwealth and help yourself
earn.
GM all !
New Post Done.
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