Monday, June 11, 2012

Rule #1 Always Protect Your Capital

While watching Million Dollar Baby, I can't help but notice how many times her trainer says "protect yourself".
Every trader should remember these words of wisdom before deciding to take a trade...
"Always protect your capital". We have always stressed to keep a stop loss of just 20 points unless a very valid reason exists.
Weekly TA has turned up. For BN, it has turned up with "Momentum".
If 61.8% or 80% of the current rise from 4995 lows(Fri) holds, we would assume that the "3rd" wave is in progress.(1st wave being 4770 to 5060=290 points; giving the 3rd a min. target of 5285 as equality).
Alternatively, if Nifty finds resistance @ 5125 zone and retraces, it would be treated as 2nd wave in progress and 3rd wave waits.
One who surrenders to the price, wins...has strength of character.
Best to you "Gkm223".


San said...

Good morning Ilango Sir and Friends

Nifty Chart analysis CLICK HERE

Nilesh Patil said...

Good Morning Master & Friends,
EE done.

navtash said...

Jayaraman said...
@Aj ji,

I send you a mail explaining what exactly gone wrong. I will be happy to receive your in put.

With Warm Regards
June 11, 2012 2:05 AM

dear jayraman ,
pl donot hasitate to post it to the open forum , as it will give best of the best inputs , have courage , master will sort it out!
all the best!

anmpatel said...

Good morning to all
61.8% is 5012 and 80% is 5029 are supports. am i right master/seniors? thanks.

gkm223 said...

big big day for me , thanks master.


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

J.R.Julius said...
This comment has been removed by the author.
saravanan k said...

Good Morning Ilango Sir & all Blogmates.


J.R.Julius said...

Camarilla Key Levels
Nifty Futures
H4 5122[BUY]
H3 5091[SELL]
L3 5028[BUY]
L4 4997[SELL]

Sujatha said...

Goodmorning sir and all :)

Sir - that's very nice "Rule No. 1" Daily post some good "catch up" like this. thanks n advance.

Mayan calender aa raha hai.. aa raha hai.. aa raha hai

Have a good and great week to all.

Lalit said...

As correction didn't last for a single day, so it may be 1st only.

parminder said...

Master ilango and friends
Good morning & regards to all

Yash and Dhan said...

Good Morning Master and dear friends.
The feeling I had in reading the weekend posts and comments can be expressed as अंतर्मुख होणे.
I really do not know how to translate this Marathi phrase in English.

Jiignesh said...

Nifty daily BBTOP 5054
Banknifty daily BBTOP 9937

meignanavel said...

good morning sir and dear all

venkatapathy l said...

Namaste Ilango Sir and fellow bloggers


Prabakar said...

Namaste Ilango sir and JN Family

dayakar said...

Pranams Gurudev.

Shradha Saburi said...

Good Morning!Sir and all gems of JN
@yash and dhan

SANPOT said...

Good Morning Sir and all blog mates.


Good Morning Sir & blogmates,

Weekly View :-

Strong weekly closing tuned weekly TREND UP. All major hurdles crossed by bulls , now closing above 5217 ( Jan High ) is major resistance to watch for this week.Long players only have to worry below 4950 and Bears will come back only below 4900.

For today :-

5048-5107 is range to watch out for today . BUY On Dips at support zones 5048-5078 would be good strategy.

5048-5078 - Support area .( Re-Buy opportunity. )

5107-5180 - Resistances .

5078 - Below this some weakness up to 5048.

Changing your sentiments as per the trend from bulls to bears or vice versa is hardest thing, but the most required for successful TRADING. TRADING game is always against human nature,

Winning our own emotions makes our way to success easier.

Current Trend: - UP.

Possible Movements:-

1. 5068 < = > 5107 < = > 5077 < = >5048 < = >5107 < = > 5180.

2. 5068 < = >5107 < = > 5077 < = > 5048 < = > 5023

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.

Have a nice day!

Bhushan said...

Good Morning Gurudev and friends

Shradha Saburi said...

Weekly TA has turned up. For BN, it has turned up with "Momentum".
If 61.8% or 80% of the current rise from 4995 lows(Fri) holds, we would assume that the "3rd" wave is in progress.(1st wave being 4770 to 5060=290 points; giving the 3rd a min. target of 5285 as equality).

thanks a lot Sir,
now my target is comimg in sight as per last Thursdays evening post.
Jay ho JNSAR Trend!!!
I think it is faster than elliotte waves.
but we have to wait for todays candle. it should show same momentum and not a weakness otherwise big volatality week ahead.

sushil said...

good morning master and blogmates

J.R.Julius said...

Camarilla Intraday - Trade1
Nifty Futures - Scenario 2
H4 5122[BUY]
H3 5091[SELL]
with 20pts SL.

*Part Booking 20pts to 30pts. Trail Remaining is our approach.

J.R.Julius said...

@Mr.Dinesh Rishi,
Clap -- Calp -- Clap
BNF 5 Digits.

shabsaif said...

Good Morning.....................

Dinesh Rishi said...

Good Morning Master and copy to All

mynac said...

Intra high volume trade @ 5115.45 and reduction in 5000 PE more than 60 K in first 30 minutes..when Nifty wants to cross & stay above 5125

Ilango said...


Indus said...


Many thanks for your advise to book part profits.
Could you give us some inputs as to re-entry levels for the long side?

Hitendra said...

Resisting @ 5125?

kolhapuritrader said...

Ilango sir good morning, I am keenly following ur blog since long time and trying to learn hard about market . Please reply my query - according to my understanding on 8/6 at 12:00 noon hourly JNSAR given sell signal, and again at 3:00 pm it given buy signal. However ur JNSAR TRADES sheet shows that we have to hold second lot bought on 6/6 and re-initiate first lot @support 4985-5005. Please guide me which rules we should apply in such situations.

Ilango said...

@ kolhapuritrader ,

JNSAR trades are based on "Day JNSAR Number" only.

Part Booking & Re-entry are based mainly on Supports & resistances as well as developing TA.

kolhapuritrader said...

thanks a lot sir for ur quick reply.

Ilango said...

@ Indus,

If part-booked, the re-entry would depend on Hour TA as well as "whether Day TA shows weakness".

From a pure "supply & demand" factors, 4975-5040 supply zone has now become a demand zone and the current 5115-5125 zone is only a "minor supply zone". The real resistance/ supply zone now is "5170-5185" which was a major support base when Nifty fell from 5630, 5499,5379,5342.

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