Dear Piyush!Thats why i said, it will restrict losses only.
Gud Show Bulls
crossed yesterday high
Next exam NS 5140-5145..
ok kumarji,in options there is a term called hedge ratio.i dont know its concept but i think anyone knowing option greeks etc might be able to tell exactly what quantity shud be used. i haveused a crude method by what appeared logical.hitendra,it was for hedging purpose for nf longs not sepeculative .sir once told that jnsar was long in may 09 elections and it captured gapup. lets see how it fares in greek elections
Ralph.N.Elliott has hand held me in classic text book style from 4770.Amazing observation by Elliott how "repetitive market. people" behave.
Todays MenuDal Makhani Paneer Bhurji Salad Tandoori Rotihttp://3.bp.blogspot.com/_ShdDF-F43nw/TKJu1lL5PeI/AAAAAAAAAA4/k83wpLK86RM/s1600/Dal_Makhani_-_Paneer_Bhurji_-_Salad_-_Tandoori_Roti.JPG
--> backc > a done @ 5132 (c=a was 5125), POR apporaches... @ CMP > 5143, c will be > 1.618xa , and will favour bulls outrightIf 5143 holds (outer limits for a ZZ) .. we may see the reversal set in !
I hope this is not another one of those FAKE break outs that we had yesterday. Ever since JNSAR triggered to Long, my bias has always been Long as well.
Dinesh jiSure we all are going to enjoy the menu.
** small correction, meant 1.382... 5143 is the 138.2% (1.618 xa comes @ 5158)
what i remember is there is a reader "backto bedlam" very good in option fundas may behe can tell more
DR sir, so soon?my drink isnt over yethttps://lh4.googleusercontent.com/-3f-bCvajq2Y/TW2s-N8C12I/AAAAAAAADRo/6suD4hA_MVA/Red+Pearl+-+Chili-Infused+Vodka%252C+Thai+Basil%252C+Kiwi%252C+Citrus+Sour.jpg
shriram,5158 is near R2.
Sir, is a 5wave move over from yesterdays low of 5047 till present high at 5132 as per google 5min chart?5047 -50965096 - 50775077 - 51205120 - 50995099 - 5132
Bulls are in commanding position to force Bears to cover their shorts @ much higher level..Last Hr.would be very much interesting...
Chetas - don't take it seriously - i took some no. that's all but if u google for that "result will be different" don't get confusePCS - hi GA :) Prabhat - agree 5141 taken out on closing basis story is very much differentMr. Mayan stop it enough is enough don't irritate
cooldnetwhez my Glass :(
Now its high time , need to read Ralph.N.Elliott .Any one having soft copy or ebook..plz share .
Ilango Sir - As we know Monday is what everyone is waiting for - As per JNSAR tata motors is buy and Maruti is sell - so based on JNSAR should we buy tata motor and sell Maruti Issue is that both are from same sector so how can a news be good for one company and bad for second company in same sectorregardsDeepak
To DRsir,i want to send you flash rate print screen
To DRsir, i will send on your e-mail id
Dear Mynac:Can u pls tell where ws today's hi vol trade occured ?@ Hitendra: tks for this, will take note of the pivot R/S & points too henceforth
@mynacOI increasing since morning with price there is no short covering seen to me. because what i understand is price up with OI down is shortcovering...pl. explain. at my pc OI is 17313850. 11.06% up.
@ anmpatel,may be operators r driving up NS to load up on 5100 PE ;-)
Dear Ilango,What is the long term count? I would be indebted to you if you can update that during the weekend.Thanks in advance,Brad
@ satheesh ,From 5048 to 5097(at open) was the 1st wave.The 3rd is sub-dividing.5077 to 5120 had a 50% retrace at 5099 and has moved up to 5135+.One can only use Trailing SL.
To DRsir,send e-mail on firstname.lastname@example.org
@masteri will agree with Brad. at least u give daily chart labeling in week end it will be great help to make positional trade. thanks. please consider it.
sushilur welcome& u can share it on JN group also
@ Deepak ,If Nifty is in uptrend, choose the stocks with uptrending JNSAR and ignore others.There are outperformers and laggards within a sector.Classic example is "MTNL & AIRTEL".
5160 today ?
To DRsir,got my mail
To DRsir,please publish my attachment on just nifty group
Dear Shriram,@ 5086 & 5126...but they are not that much High volume trade,if we consider resistances ahead.Since last 2-3 days,High Volume trade area was 5120 ..Dear anampatel,We would witness that short covering in last Hr.trade..Bulls have kept that triumph card with them.. who knows,we may see 100 point move from day low :)
@ Brad ,LT count available in "JustNifty TA" file. Link at Blogs top right corner.Knowing Week/ Day count helps to decipher Hour labels.There are times, things aren't clear. Step back.We don't need to label it all the time.Are we answerable to anyone..? No way.One that looks most obvious is often the unbelievable one. So Believe in what you see.
crossed 5145 (high made before today in this week)
@ satheesh ,Step back and see the 1st wave/ A wave from 4770 to 5124.An irregular correction in 2nd/B wave suggests of inherent bullishness for the 3rd/C wave.So do not get caught up with "smaller waves". Count it but know it in context so that you don't get too close to the market that you forget the larger picture.
time to be cautious with longs
Dear Mynac...if we move more up from here...volumedigger hourly shows very high volume at 5120...so after the event of monday,if moves below it..i think we can take shorts positionally??is this type of thinking correct??
@ @ satheesh ,Make the google chart to "Two day's 5-min T/F, you will see what I mean. Look at the angle of take off.
@masterif this is the i/3/C. what will be likely tgt. any fibo ratio will help?
USD-INR at crossroads -Link
Dhanyawaad mynac :-)Am totally on sidelines after 5120... PCR ase vadhale ahe, jase kaal kunala tari mahit ahe ki market padnaar!jau de, apan kashala haat aaget ghalaycha, Som-vaari pahuyaat !
Dear bizagra,@ that time even technical may support it.Nevertheless It is observed that when very big volume trade @ opening time takes place and Nifty couldn't go beyond that trade,generally correction starts..Let us see..
Thanks a lot sir. I could not distinguish a 3rd wave subdividing till you mentioned it. The wave count is very helpful in maintaining the SL using the Harmonic pattern and also it gives an idea about the possible retracement levels which can be achieved
Shriram,mi hi tech kartoy...jevha te kharya arthane thakel tevhach pahu...
3:15 is time to clap my hands
last 40 minbe prepared for some roller coaster drive
hoy, ani anyways aaj ch quota poorna jhala ahech nahitari.. intra-day 30 NS pts milale chaha-paanya cha kharch nighala :-D
@mynaclooks profit booking started!!
Dear Sujatha,As it is trading well above sellers territory for the day,now it is up to bulls, how much quota they have left there... but to kill 5100 PE premium,they may try ...
Dear anampatel..still Last hr.new high left there..
Hi Sujatha, when u said "positional", are you long side or short side..K7
haha.. DR bhai,I told mynac, aaj ka chai-paani ka kharcha nikal gaya.. booked 30 pts & now on sidelines !PCR dekh kar , Longs rakhne ka mann nahi kar raha, Monday dekha jayegaAaj ka program samaapt :-)
mynac said...Dear anampatel..still Last hr.new high left there..Mynac Plz give NF figure so I can keyin
All countries has backup plan if Greece exit from Euro except for "BULLS" :)
Dinesh SIR,I clapped three times,,,, Jai Ho JNSAR,,,& DRsar
Dear anmpatel,Abhi yahase lagbhag ye man chalo ki har ghante Bears ne Bulls ko ek dafa full fledge buying karake naye top dikhane ke kam par lagaya hai... it's almost like "Sholey" 's Gabbar's dialogue,"Jab tak tere pair chalenge tere yar ki sans chalegi Jab tere pair rukenge..... :)
Dinesh bhai,AAP hamare jaise chngu mangu tredar ki kya sunate ho ? Jab vakt aayega aap sahi time par mahfil se alvida kahoge.. Sir.. :)
Greece – country with just 10crore people agitates all the traders across world for a long time.All traders across globe should form a trust and park in one day profit there and solve Greece issue.Its unbearable for more than a year now!
now Weekend with Child bearhttp://www.geogum.com/media/uploaded/posts/351618f61ff90b0ddc97967991231127.jpg
yes, good show DR bhai...On the rocks wid some Antiquity Blue, weekend mast jayega :-)cheers & bye all !
Trade which is difficult to take shows you fortune. Trade taken quite easily gives you nightmare. Read somewhere and exactly suits for the current situation :)
5280/477080% retrac comes at 5178 above 5145.looks 5178 before policy announcement on monday
mynacYour OI reading is always at dotI know ur caliber. :DI was expecting some moreas there is still some space leftbut master says "leave something for others also"
yesterday closed at day low and today gap uptoday closing near days high and gap down on monday kya???
@ Dr sir,I think chield bearhttp://www.teamsynergyllc.com/wp-content/uploads/2010/12/child-with-bear.jpg
Dear Sir, there could be a chance of making fifth wave wedge formationRegards,Nirav Patel
shrirammy doc said u can take 2 peg daily not more than thatbut I dont have such big glass to make 2 pegsof half bottle
Nilesh Patil :D
no new high means distribution going on.daar sab ko lagta hai greece se.
Dineshbhai,Considering current momentum and trend,When there is huge 14 lac writing is there @ 5100 PE, Bulls & Nifty need,some more upside to kill that premium for comfortable level to cover it..is understanding here...And as Nifty is beyond sellers territory,it is possible..let us see...
Dr SirWhat about using a beer glass for whisky? No upper resistance for whisky level na..
Any body witnessed last ten minutes huge addition over one lac in 5100 PE ? & it went up to 80 ??Let us try to find out,from final Bhavcopy whether it was short covering or last minute fresh addition..@ 3.30 PM O.I.for 5100PE 41,77,450.. Total intraday addition(roughly) 41,77,450- 26,46,000 = 15,31,450
@Mynac - Awaiting your final inputs on the 5100 PE addition...