Thursday, June 14, 2012

Nifty correcting deeper below 34Hrsma-5082.(5Sma)


anmpatel said...

up to which price our latest count will valid? if it expanded or zigzag then what is maximum allowed count for c end?
i mean to say that in which conditions we have to think alternative count?
will happy if reply today. otherwise include in pre market guide.

Prabhat said...

@PT: Do you watch Dance India Dance - Let me give a comment - Terrance style - Aaj to bears ki chummeshwari performance tha.

But last time also after closing at this level, nifty rocket again above 5100 level. I am just waiting for break of 4980, then watch the dandiya ...

DKG said...

@ anmpatel,

Why this Kolaveri D? Just follow JNSAR !

You will get rich slowly...

J.R.Julius said...

I Promise Myself... by Christian D. Larson

To be so strong that nothing can disturb my peace of mind.

To talk health, happiness, and prosperity to every person I meet.

To make all my friends feel that there is something worthwhile in them.

To look at the sunny side of everything and make my optimism come true.

To think only of the best, to work only for the best and to expect only the best.

To be just as enthusiastic about the success of others as I am about my own.

To forget the mistakes of the past and press on to the greater achievements of the future.

To wear a cheerful expression at all times and give a smile to every living creature I meet.

To give so much time to improving myself that I have no time to criticize others.

To be too large for worry, too noble for anger, too strong for fear, and too happy to permit the presence of trouble.

To think well of myself and to proclaim this fact to the world, not in loud words, but in great deeds.

To live in the faith that the whole world is on my side, so long as I am true to the best that is in me.

S A M i T said...

NS close 5054.75 (-66.70)
Its below :
5DEMA / 5DMA / 50 DMA / 200 DMA
Isn't it Dangerous??

Tamil selvi said...

As per JNSAR,what should i do tomorrow buy or sell? Thanks

Amol Sharma said...

@ Tamil selvi

At or Below 5034 sell JNSAR trade for tomorrow.

If you long ; then hold on long. hold it. with SL of 5034.

If master tell us to apply filter then wait.

Raghavendra said...

@ Master,

Can we consider correction from 5122 ( end of wave 1 of C ) to today's low price as an expanded wave 2.

A = 5122 to 5015 ( 107 pts )
B = 5015 to 5144 ( 121 % of A )
C = 5144 to 5047 ( 90% of A )

Shradha Saburi said...

Dear friends, Good evening All,
Mynac said
तूर्तास तरी ५०४० जो पर्यंत धरून आहे तो पर्यंत होप्स नाही तर समदाच बल्ल्या. म्हणजेच आत्ता येथून फक्त jnsar हीच एकमेव अशा बुल्स नि बेअर्स साठी.
Translation.. of above statement i.e. From here JNSAR is last hope for both.. Bulls N bears..
@ blogmates
I can only say JNSAR is not a mere no but
our sirs market intelligence no.It is derived by using his grey cells not by the sillicone chip. please always study its trend , do not just use for the trading purpose . everthing accumulated there all indicators and I keep faith on it Do you? thanks
June 9, 2012 8:19 AM
just add 30 points to the day JNSAR close at EOD nifty will bulish above coming week pivot.
and subtact 30 points from it at EOD nifty
below day JNSAR and coming week JNSAR bearish!
to exract max gain from it.

mynac said...

Dear Tamil selvi,
Now why there should be confusion...
Weekly JNSAR 5047,JNSAR 5034 & J10SAR 5032..
Means considering 20points S/L 5054 & 5014 are and @ present Nifty coming down from it’s latest top. Means as we used to go long when it triggers on up side vice versa action is expected.

It is just observation that in-general small traders like us have basically Bullish mentality only, because it is our general practice that we just pay for everything. We lack selling knack. In real life too we cannot sell except paper garbage. So we cannot go short due to our that mentality...and confusion used to start here it self...So even if forcefully we try to change that mentality at once, then also "mental war" starts.. So instead of believing in yourself if you will believe in mechanical S/L in these types of situation then it gives HUGE mental relief. If that S/L shall get trigger then also don’t get upset because it used to trigger sometimes but the end result shall be fruitful.. all the best…

mynac said...

Please read Weekly J10SAR instead of Weekly JNSAR

Dinesh Rishi said...


It is just observation that in-general small traders like us have basically Bullish mentality only, because it is our general practice that we just pay for everything. We lack selling knack. In real life too we cannot sell except paper garbage. So we cannot go short due to our that mentality..

I dont agree

Investors trade only long

Max traders prefer short

Shradha Saburi said...

Bakra kya jaan uski jaan ka kya hoga
Sekh ghusegi ya saala Keema hoga
Koi na jaane apna future kya hoga

To Honth ghuma
Seeti bajaa
Seeti bajaa ke bol
Bhaiyaa aal izz well
let us see tomorrow
market is topsy-turvy with data.

shriram said...

@ mynac,

for my own psyche , i am like wot DR describes...

As a trader , am tuned to Short sell !!


becoz we know that Market Cap is HIGHLY HIGHLY INFLATED w.r.t Book Value for 99.99% scrips.
So, I thought, ppl will look to BREAK the BUILDING v fast, whereas constructing all floors UP will take more time...

So I started looking @ all possible opps to go short , in my 1st yr of serious trading !

Its only once i started FOLLOWING EMAs that for me personally, LONG "trades" began to click & the juice extracted till the end !!

Just my story of improvement & benefit of Trend Following. Hope it helps :-)

mynac said...

Dear Dineshbhai,

“Max traders prefer short”
Very true. But it is rather tough. Though they don’t believe in it.
For a trader, running profit, either going long or short is an art which requires market study, self study, confidence, and conviction too. I have seen many “traders” in Pune, who used to or prefer to go short only in any kind of market but even they used to quit even successful trades too early, though they are with the trend and dot correct…Though they label themselves “Bears” ..

Dinesh Rishi said...

Lets play mail mail

not here

mynac said...

Dear Shriram,
“Its only once i started FOLLOWING EMAs that for me personally, LONG "trades" began to click & the juice extracted till the end !!”

Means except proper market study and so on related studies, nothing is possible here.

shriram said...

dear mynac,

Shambhar takke barobbar :-)

Dinesh Rishi said...


avoid EMA switch to SMA

EMA is for scalpers

SMA is for trader

KISS = Keep it simple Sweetly

swing_trader said...

tomarrow will be gapedown 5ema down than 20ema...yesterdays candle looking a diffrent type of dojji...
Like evening star..

shriram said...

DR bhai,

pls explain with maths to back up ...

I will not b able to conclude if this statement is accurate or otherwise, unless I see the maths or statistics or logic, behind the claim !

infact, @ the cutting edge of MA research, ppl have moved beyond both EMA & SMA ... try FRAMA :-)

shriram said...

..and to be honest, before i came across JN

for the last 1 yr , i hv heard so many ppl say KISS..

They throw terminology w.o actually understanding the equations behind the Technical Indicator...

KISS becomes a kind of EGO statemnt ke bhai
"Dont u know, itna easy hein, u r a fool"

I personally avoid such thinking ... Development of Moving Average & Low Pass Filtering theory is ROCKET SCIENCE

Only sad part, is most TAs, dont take the HARD WORK / effort to learn the Signal Processing ALGOs !

Kumar Technicals said...

Good Evening ILango Sir & everyone!

Missed you all, will be back in action by tomorrow. Thank you so much for your continous guidance sir.



Mr. Sultan said...

JuliAs rishi i lost my 2000 when price moved 5137 , now how to increse my confident level, i sold nifty on 5118 but panoc on price 5137 plz yar suggest wht to do? I always going by camrilla level

Mr. Sultan said...

When i bought my nifty just kissed 5137 n came down yar shit i was panic.

Mr. Sultan said...

1st 15 min range nifty dint brrak 5105 so we should buy on that level n wen go up then short on rise? Plz julias n rishi suggest me bs acording to camrilla level nifty 1 st target acheved on 5108 n then went up thats true na? It couldnt break out 45 hour 5108 so we should go on long then stop to prevous high n if couldnt touch to previous high again we should tak short position , if i m wrong everyone can suggest me

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