Nilesh Patil asks: Kindly confirm the death cross of nifty. If you find it useful then post in JN group.
Ans: Death cross is one of the indicators that shows the underlying weakness. It could whipsaw too and the current uptrend may continue.
Since we follow 5DEma and/ or Day JNSAR to show us the trend, it will get us in a "bearish mode" if there is going to be one.
A death cross happening when prices are below 200 & 50 sma is more potent than the one happening when prices are above it. Presently prices are above it. Hence, the signal to sell would be when the prices close below 50sma (5072)& 200 sma (5067) whereas 5 ema is already above these two averages and JNSAR too will climb above these two averages in a day. Thus, sell signals would come to those who follow "trend indicators" in quicker time.
Ans: Death cross is one of the indicators that shows the underlying weakness. It could whipsaw too and the current uptrend may continue.
Since we follow 5DEma and/ or Day JNSAR to show us the trend, it will get us in a "bearish mode" if there is going to be one.
A death cross happening when prices are below 200 & 50 sma is more potent than the one happening when prices are above it. Presently prices are above it. Hence, the signal to sell would be when the prices close below 50sma (5072)& 200 sma (5067) whereas 5 ema is already above these two averages and JNSAR too will climb above these two averages in a day. Thus, sell signals would come to those who follow "trend indicators" in quicker time.
38 comments:
Good morning sir & all JN members!
Good Morning Master & Friends,
Thanks for the answer.
Namaste Ilango Sir and JN Family
here comes the 5195-5200 level and i am starting my journey towards short .
Good Morning Ilango sir and friends.
Happy Trading Monday to all.
@Ilango :- IS there hanging Man pattern on weekly F MACD charts in TA file(the last week's candle)..please confirm the same.
Namaste illango sir i follow yr tradimg techniques but i m also interested to trade in crude oil , can u tell me that i can same stretegy use in crude? I use camrilla levels . Is that safe? I dont hav crude chart when i found i got that in ounce , do u hav any free chart for crude. Sggest me sir
Good Morning Ilango sir & Blogmates.
Rgds
Saravanan
Good Morning Ilango Sir and Friends
NIFTY Chart analysis : CLICK HERE
Namaste Ilango sir and all,
Nifty Day Chart Long Term:
Click Here
Nifty Day 50 MA and 200 MA chart:
Click Here
Good morning master and blogmates
Good Morning Sir and blogmates.
Have a great start to this week.
Namaste Ilango Sir & Blogmates,
Bullish: Small correction was pounced upon by the Bulls, now 4900 level has also been captured....; Option Analysis for 15-06-2012
Yearly, Weekly & Monthly Profile Charts and Values
Dedicated Site for Option Open Interest
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Thanks & Regards,
Sanjay Kr Jaiswal
Master ilango and friends
Regards and Good Morning to all
☺☺
Hello Good Morning Ilango Sir & Blogmates,
@ Sanjay Jaiswal ,,, which is the best book to study Options?,,,apart from NSE study Material,,,
Good morning Gurudev and friends
Namaste Ilango Sir And All.
good morning sir and all blogmates
Namaste Ilango Sir and fellow bloggers.
LV
Good Morning Sir ,and allthe gems of JN
Pranams Gurudev And All.
repeat
अगले वीक में जब तक निफ्टी ५१४० के उप्पर रहेगी तब तक बुल की सांस चलेगी
regards!
June 17, 2012 6:21 PM
gap up and negotiating with month J10 SAR
R/Ilango sir, goo morning n same 2 all reader's.
To ALL,
huge 7 lac addition in 5200 CA in first 15 min
Good Morning Master And Freinds.. CE and PE seeing massive writing??? seniors pls advice
5 lac addition in 5100 PA
The 5200 call seems to be losing its premium... Can somebody pls tell me why!?
Good morning Master & JN family
Good Morning Family,
ORB HIGH:- 5189.40
ORB LOW:- 5174.00
Dear Bharat,
This is a normal phenemenon before and after a major event. people tend to buy both call and put on expectation of big moves.
the erosion of premium in call and put is due to liquidation of that overbuilt position.
Regards,
Disounted rally --- with greece news just 40 points .. something fishy
Good morning sir and warriors
Nifty opend with gap up till resistance area 5196.Crossing this wil lead nifty towards 5217-5255. Eventful day ahead , will bring some volatility in price. Closing above 5217 is super bullish.Below 5100 bears will enter with force.
Support Resistances :-
5130-5171 - Support zone (Buying Opportunity)
5100-5060 – Another Strong Support (Bears force will enter )
Current Trend: -UP.
Possible Movements:-
1. 5130< = > 5196< = > 5170 < = > 5217 < = > 5255
2. 5030 < = > 5196 < = >5170 < = >5130 < = > 5100 < = >5060< = >5030
Two best rules for successful trading:-
1. Initiate position in the direction of trend near support & resistances.
2. Max stop loss - 30 points.
Happy disciplined trading to all.
( Post Delayed Due To Net Problem. )
Have a nice day!
Mornign everyone,
Ending diagonal for Y.b.C Alt EW Lables can b thrown in dustbin now that 5168 is comfortably overtaken... :-)
have a gr8 trading day !
New Post Done.
Next res cluster on Day TA @ 5191-5209 & 5257-5281
todays quote recieved
Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.
Peter Lynch
bharat said...
The 5200 call seems to be losing its premium... Can somebody pls tell me why!?
Reason :-
VIX came down from 25.54 to 22.29
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