Suresh Nifty asked: How may quantity you recommend to trade to start with ?? 2 lots or multiple lots??, Is there any method to determine total capital required for 1 lot?
Ans: "To start with" depends on your depth of knowledge and understanding of the market. Assuming you have a good knowledge of technicals, a min. of 2 lots is fine to start with, preferably 3 lots for additional part booking. Do not start to trade if you are hesitant and you are still grappling to understand the markets.
I see some readers making statements like a "pro" but crumble with a small volatility. That is a deep crack in their temperament, understanding as well as their trading plan.
How much capital required for one lot is 50% more than the margin money for a lot. If you can not manage your trades with a 50% plus, you are not experienced enough to take trades.
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5124-44 are the previous two peaks from where nifty had fallen by 100 points each time.
How Nifty deals with this resistance and how much of a correction follows & whether hour trendline is kept intact would reveal the undercurrents.
5065-70 is home to many numbers/ support line/ retracement for the current minor rise from 5042.
EW: Larger "B" in play, form of which is not clear yet.;
Smaller "b" in play, if resisted @ 5124-44;
Or larger "C" in play holding 5042.
Such multiple scenarios call for more alertness or stepping back for more clarity.
Ans: "To start with" depends on your depth of knowledge and understanding of the market. Assuming you have a good knowledge of technicals, a min. of 2 lots is fine to start with, preferably 3 lots for additional part booking. Do not start to trade if you are hesitant and you are still grappling to understand the markets.
I see some readers making statements like a "pro" but crumble with a small volatility. That is a deep crack in their temperament, understanding as well as their trading plan.
How much capital required for one lot is 50% more than the margin money for a lot. If you can not manage your trades with a 50% plus, you are not experienced enough to take trades.
-----------------------------------------------------------------------
5124-44 are the previous two peaks from where nifty had fallen by 100 points each time.
How Nifty deals with this resistance and how much of a correction follows & whether hour trendline is kept intact would reveal the undercurrents.
5065-70 is home to many numbers/ support line/ retracement for the current minor rise from 5042.
EW: Larger "B" in play, form of which is not clear yet.;
Smaller "b" in play, if resisted @ 5124-44;
Or larger "C" in play holding 5042.
Such multiple scenarios call for more alertness or stepping back for more clarity.
57 comments:
good morning sir, and all gems of JN
Good Morning Master & Friends
Good Morning Ilango Sir and Friends
Nifty chart analysis: CLICK HERE
Good morning sir n blogmates
Sir I gave a question
why do you say above 5Dema, trend is short term up when it has already closed and trading above last week WHEMA?
Typo ..I have a question
R/Ilango sir good morning n same 2 all reader's.
Good Morning Ilango Sir & all Blogmates.
Rgds
Saravanan
Maste ilango and friends
Regards and good morning to all
☺☺
Namaste Ilango Sir and JN Family
Good Morning Sir and blog mates.
Goodmorning master and JN blogmates
Wishing you all a Great Learning and Earning Day today.
BN retraced it's 579 points fall from 10198 to 9619.
Retraced 23.6% at 9766.
38.2% n 50% is at 9839 and 9909 resp.
Corrective mode as per master with support at 9545.SBI the strongest in banks still way above JNSAR.
Dear Ilango Sir, thank you for your answer...
I have a problem "crumble with a small volatility" & by fear takes quick profit ,,few days before you wrote about "patience"...that was really thoughtfull...great that I have a mentor like you....
Potential H&S formation if gets resisted @5124/44 ??
It was an oversight.
SBI after almost one month has closed below it's JNSAR which is at 2166.20.
HDFC,ICICI all closed yesterday below their JNSAR.
Namaste Ilango Sir And All.
Namaste Ilango Sir and fellow bloggers
LV
Good Morning Respected Mr.Illango, My Beloved Master Mr.Dinesh Rishi & Blog-mates, Have a Prosperous Day.
Dear Blogmates and respected iLango sir,
I conclude on following points based on my analysis on TT, let me know if I am wrong anywhere
1. Today's DAY JNSAR is 5080
2. Stop Loss for carried longs comes around 5060 with 20 points filter.
3. Below 5060 go Short with stop loss of 5100 (i.e. JNSAR 5080 + 20 pts Filter)
4. On daily time frame Nifty is trading between HDEMA and LDEMA, i.e. Nifty is range bound.
5. Above HDEMA + 20 will confirm Uptrend in Nifty
6. Below LDEMA - 20 will confirm downtrend in Nifty
Namaste Master and all friends
May the Lord give us PATIENCE
have a good day
good morning
Good Morning Ilango sir and friends.
Good Morning Ilango sir and friends.
Good Morning Family
@bunty
yes you are right. if u short at 5060 sl will be 5080. u have to reverse at 5080 with sl of 5060 again. what i trade with jnsar.
PS(piyush sharda) can guide u more. master give him authority to manage JNSAR query.
Good morning Gurudev and friends
anmpatel,
thanks for responding. If we go short @ 5060 then sl should come around 5100 (i.e. 5080 + 20 pts filter), this is what I understood from blog discussion. JNSAR +/- 20 pts will be your reverse points on either side.
Good morning Master & JN family
Good morning master and blogmates
GoodMorning Sir and JNfamily !
bunty
prudent to keep 20 points stop loss only to manage intraday volatility.
If short at 5060 then SL 5080
ORB
5106-5126.35
good morning. anmpatel's concept appears correct to me. 1. if we r holding long, jn is 5080, so sar for today is 5060. go short @ 5060 with sl 5080 (this being intraday trade).2. if we r nil, short at jnsar i.e. 5080 with sl and reverse @5100 for this group.
ORB HIGH:- 5126.10
ORB LOW:- 5106.20
Hi ,
Bunty and anmpatel
i have a writeup given by Master regarding Jnsar if u want i can send a copy of it
☺☺
good morning,seniors..
good morning sir & Jnfriends
@parminder it would be nice if you upload the copy of same in justnifty group.
Ok
Shivan will do so.
☺
@amnpatel
there are so many experienced readers anybody
can answer. why authority etc r reqd?? u , mishraji, cooldent, parminder.. who have responded r experts
having observed/traded jnsar for many months.
the blog has many more visible and invisible experts so i feel best kept as family and not worry abt authority etc..
@Parminderji,
Please send me a copy of it.
@Shriram,
Good Morning. what are the 34EMA values for today??
Thanks and Regards
Tubelight candle too big for bulls for long jump seems :):)
resisting @ 5124?
parminder sir
plss send me a copy of it........
good morning sir and all friends.
Hi ,
I have posted the Mal in the GROUp hope everybody finds it useful
Thanks
SORRY ,
Posted Mail in the GROUP.
Regards
nilesh ji hope u will get it
parminder
thoda mal idar bhi bhejo :D
Master,
Can i take short as pre-market view???
Yes Parminderji, Thanks for the mail.
There is high volume trade near 5114-15 in 1 min chart
http://volumedigger.com/Charts/Volume_Profile_Charts.aspx
Thank you Parmindarji,
I will not need to ask anyone now.
Hi Cooldent,
I have posted in the group.
New Post Done.
morning everyone!
Hi CDG --> 34EMA, 30mins @ 5105
Readily viewable @ www.google.com/finance
Dev 5DEMA will turn back to DOWN, if NS closes EOD < 5087
Close EOD > 5146 will keep the Bulls with strength
Hi shriram
34ema 30 min is at 5094 kindly check
thanks
Hi,
If Wave-5 is truncted then is it possible that wave-B is irregular top/bottom?
Thanks.
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