Only a move past 4909-13 would be strength as well as holding of Day pivot-4863. Moving past 4913, there are resistances @ 4922 & 4955-76.
As stated few days ago, bounce is likely from channel bottom when Nifty move above previous hour's high and more strength above the middle channel. If maintains above the middle channel, it could attempt the major channel top.
Friday's low of 4789 is at the monthly channel bottom. Log scale LT channel supports come around "xxxx" (Would update later).
As stated few days ago, bounce is likely from channel bottom when Nifty move above previous hour's high and more strength above the middle channel. If maintains above the middle channel, it could attempt the major channel top.
Friday's low of 4789 is at the monthly channel bottom. Log scale LT channel supports come around "xxxx" (Would update later).
41 comments:
Good Morning Master & Friends,
Good Morning Ilango Sir and Friends
Nifty, SBI and Bank Nifty Charts: CLICK HERE
Good Morning Sir and dear friends.
Have a great week ahead.
Thanks
Good Morning Sir and all blog mates.
Pranams Gurudev.
Good Morning To All.
Dear Sriram!
"EW forces an analyst to predict. And brings EMOTION to the fore. See the post from Illango ji, such a balanced person also got swayed into writing wot he wrote"
I would like to know what you mean by this. Illango sir has most humbly responded to you, but i am not able to see your reply.
Namaste beloved Master and all my good friends
May the Lord offer us wisdom!!
have a profitable week
Master ilango and friends,
Good morning to all
Namaste Ilango Sir and fellow bloggers
LV
Good Morning Gurudev and friends
Good Morning...................
Good morning master and copy to all
Good Morning Ilango Sir & all my JN Family Members...
@ Ilango Sir,
Sir, Developing JNSAR pls.
Thanks
Good Morning Sir and Warriors ... looks like today also the highs used for selling
Dear Master Ilango,
you gave a table showing your trade and profit you
booked in those trade. Is it possible for us to earn
that profit. I mean when you make a trade can u pls
alert us
Gm Sir and Blog mates
Banknifty Triggered JNSAR
Good Morning Respected Mr.Illango,
My Beloved Master Mr.Dinesh Rishi
& All Blogmates, Have a Prosperous Day.
good morning sir and all friedns.
Camarilla Key Levels - Nifty Spot
H4 4957[BUY]
H3 4924[SELL]
L3 4859[BUY]
L4 4826[SELL]
day R at 4937
Sir
GM
BN JNSAR hit on buying side?(JFI open low same)
Almost filled gap, but resisted exactly at JNSAR
good morning sir and all blogmates
Gm Illango sir & all.
Will sensex again touch 18000+++ level in this expiry!
@ JUSTVINAY,
4917.
Good morning
Julius Sir you are doing excellent work for newbees.
@ abhinav,
The trades reflected in the Trade table is based on our studies as well as interactions here.
No direct calls could be given.
It is a simple suggestion given:
"Use the 1st Lot to re-initiate new trades in the direction of JNSAR during trending phase."
Next suggestions to initiate trades are in the Pre-market write ups as well as in intraday comments/ charts.
We are at a very interesting juncture... between today's and tomorrow's JNSAR :)
Time to show what all we have learned about taking up a trade... persistence, faith, :)
For commodity traders-
Today basemetal also open big gap up nearly 1.5 % .
If hold gap than big upmove coming this week.
Reply sent this morning to one of our readers:
Que: If JNSR triggered -say to -morrow , whether it is to be taken on intra day basis or end of day basis
Ans: Since JNSAR is close to the "Friday close prices", Hour TA has just turned up and if Asian cues are positive, JNSAR is likely to trigger. JNSAR after a "Big-gain trade" is most likely to whipsaw "of moving to 4955 zone and falling again to 4900-4880". Hence, you could go long @ 4880 itself at the open with 4860 as SAR or apply a filet of 25-30 points @ 4960 as JNSAR trigger and once triggers, wait for a pull back to enter the trade. Even if none of this happens and JNSAR gets triggered in a different way, you could still wait for a pull back to enter being the 1st trade after a "Big-gain-trade".
Que: If intra day basis, the first day no stop loss for this or 20 points stop loss.
Ans: We always manage the intraday trades with a 20 point SL. To me "4860" support is critical for upsides.
Que: From the next day onwards, JNSR minus 20 points , if the original trade is in profit
Ans: Yes..That is correct.
Que: What is the implications if JNSR is above or below J10 SAR.
Ans: It has been observed that whenever, J10SAR goes above JNSAR, there is strength for a reversal and vice versa. This is not a rule but a guideline.
GM to all !
Camarilla Intraday Update/Follow Up:
NOW#Scenario 2
H4 BUY@4957
H3 SELL@4924
with 20pts SL or your Own suitable SL.
sir you said wait for a pull back to enter the trade
this mean that we should enter the trade when jnsar
is triggered again after pullback or according to
some fibo levels.
thanks a lot Sir,
nifty is moving at the critical speed.
Day JNSAR itself acting as the resistance
we wish to have nifty should close above 4950 today
for the long JNSAR.
regards!
New Post Done.
"4975" is 0.382% fibonacci level of fall.
Morning Illango ji & Jn family,
Chetas: issue has been clarified to illango ji in pvt. time to put full stop.
Kindly forget the post :-)
Have a gr8 trading day!
cheers
Dear Shriram!
Sure, :)
test msg
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