Monday, June 18, 2012

Nifty sold off on "News" @ 5171-84 zone, would seek support at earlier resistances of 4976-5020.




19 comments:

buggie advani said...

this might help some new comers
http://www.elliottwave.net/educational/basictenets/basics3.htm

salimkabani said...

Sir and blogmates
wavetimes.com Ramkisir has given the target of nifty @4355. If possible share ur views.

chetan patel said...

respected master i get confuse with lot of trading systems i follow following
34hr sma, crossover of 34 hr sma and 21
fibbonaci
bollinger bands
jnsar
5 ema strategy
dlema,ema,lema.
moving averages

sir now the problem is with entry in nifty because there are so many levels and every time one of the system give entry and other the risk entry, sir please guide me.

thank you

rekha said...

IF jnsar short trigger at 5055, why tt is showing green colour jnsar

kalyani said...
This comment has been removed by the author.
Neyaz said...

FII buyer in Cash with 400+ cr...... something other indications to market....

kalyani said...

@rekha
Jnsar is in green bcos nifty closed above it, triggering is not a permanent one!, whipsawing and reversal also may be there!

rekha said...

Jnsar short trigger at 5055. so sl is 5055+20 = 5075. this is my understanding. You mean to say jnsar should considered only on cl. basis.

GaneshaSays said...

and now news of Fitch changing India outlook to negative will dent more tomorrow!

anmpatel said...

@rekha
for tomorrow jnsar is 5070 if you are short keep sl of 20 point for tom and day after tom. i.e. for tomorrow sl is 5090. and if you are long keep sl of 5050.
search the blog for SAR and read how to follow it otherwise is dangerous.
thanks.

Sourav Kundu said...

Dear Chetan,
As a beginner I follow only JNSAR and nothing else. I believe in mastering one system and hitting every trade that the system triggers. Mixing multiple systems increase your profitability by giving you potential pyramiding points but that comes with experience.

Dear Kalyani,
Today JNSAR was triggered on the short side. The trade has yet not whipsawed with the 20 pts filter. After a short trigger at 5055, NS did not go above 5075 [I usually wait for a 5 minute candle closing above that number]. Moreover tomorrow's JNSAR # is at 5070 and with the 20 pts filter the SL for the shorts is 5090.

Follow the system. You might not get the tip of the hair or the tip of the toe nail, but be rest assured, you will get the meat of the trade.

Dinesh Rishi said...

My observation

A big candle (tube-light) if news based is to be
treated as "Gap"

pravin said...

VIX reading for 18/06/2012.
25.54 25.54 22.25 22.60
I am unable to understand the close even after
75 points fall in nifty.

satheesh said...

@ Sanjay jaiswal,

Is it "Neutral to Bullish" or "Bullish to NEutral"?

rekha said...

Thanks for the reply

Sanjay Jaiswal said...

@Satheesh Mam,

For me its neutral and a close below 5006 NF, Monthly VAH, will be Bearish...

shriram said...

DR bhai,

ur thought on tube-light is like "thunder-bolt" ;-)

Billgates said...

covered 4800 puts....now left to cover 4900 puts written.....soon

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