Wednesday, June 20, 2012

Nifty Pre-Market View.

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.



57 comments:

Shradha Saburi said...

good morning sir, and all gems of JN

Nilesh Patil said...

Good Morning Master & Friends

San said...

Good Morning Ilango Sir and Friends

Nifty chart analysis: CLICK HERE

Rocks said...

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?

Rocks said...

Typo ..I have a question

ALBELA HOUSE said...

R/Ilango sir good morning n same 2 all reader's.

saravanan k said...

Good Morning Ilango Sir & all Blogmates.

Rgds
Saravanan

parminder said...

Maste ilango and friends
Regards and good morning to all
☺☺

Prabakar said...

Namaste Ilango Sir and JN Family

SANPOT said...

Good Morning Sir and blog mates.

Manish said...

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.

SURESH NIFTY said...

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....

Arif said...

Potential H&S formation if gets resisted @5124/44 ??

Manish said...

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.

Jagan said...

Namaste Ilango Sir And All.

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers

LV

J.R.Julius said...

Good Morning Respected Mr.Illango, My Beloved Master Mr.Dinesh Rishi & Blog-mates, Have a Prosperous Day.

Bunty said...

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

Parimal said...

Namaste Master and all friends
May the Lord give us PATIENCE
have a good day

Just Huge Consistent Profits said...

Good Morning Ilango sir and friends.

Just Huge Consistent Profits said...

Good Morning Ilango sir and friends.

Prithvi said...

Good Morning Family

anmpatel said...

@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.

Bhushan said...

Good morning Gurudev and friends

Bunty said...

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.

Hari_Hyderabad said...

Good morning Master & JN family

sushil said...

Good morning master and blogmates

Smita said...

GoodMorning Sir and JNfamily !

cooldent said...

bunty

prudent to keep 20 points stop loss only to manage intraday volatility.

If short at 5060 then SL 5080

skmishra said...

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.

Prithvi said...

ORB HIGH:- 5126.10
ORB LOW:- 5106.20

parminder said...

Hi ,
Bunty and anmpatel
i have a writeup given by Master regarding Jnsar if u want i can send a copy of it
☺☺

shiva said...

good morning,seniors..

noorie said...

good morning sir & Jnfriends

shivanGupta said...

@parminder it would be nice if you upload the copy of same in justnifty group.

parminder said...

Ok
Shivan will do so.

Piyush Sharda said...

@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..

Nilesh Patil said...

@Parminderji,
Please send me a copy of it.

CDG said...

@Shriram,

Good Morning. what are the 34EMA values for today??
Thanks and Regards

sometimesbullsometimesbear said...

Tubelight candle too big for bulls for long jump seems :):)

Hitendra said...

resisting @ 5124?

subho said...

parminder sir

plss send me a copy of it........

NEVER GIVE UP said...

good morning sir and all friends.

parminder said...

Hi ,
I have posted the Mal in the GROUp hope everybody finds it useful
Thanks

parminder said...

SORRY ,
Posted Mail in the GROUP.
Regards
nilesh ji hope u will get it

cooldent said...

parminder

thoda mal idar bhi bhejo :D

Prithvi said...

Master,
Can i take short as pre-market view???

Nilesh Patil said...

Yes Parminderji, Thanks for the mail.

Nilesh Patil said...

There is high volume trade near 5114-15 in 1 min chart
http://volumedigger.com/Charts/Volume_Profile_Charts.aspx

Yash and Dhan said...

Thank you Parmindarji,
I will not need to ask anyone now.

parminder said...

Hi Cooldent,
I have posted in the group.

shriram said...

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

parminder said...

Hi shriram
34ema 30 min is at 5094 kindly check
thanks

Sweta said...

Hi,
If Wave-5 is truncted then is it possible that wave-B is irregular top/bottom?
Thanks.

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