Friday, July 27, 2012

Nifty Intraday Update-II


45 comments:

Prabha Gopalkrishna said...

@Eevra,
JNpedia...The idea is too good...

bharat said...

I agree with Prabha Gopalkrishna ji....

Prabha Gopalkrishna said...

If Market closes near high...then a pin bar in weekly charts.

Prabakar said...

NIFTY OPTIDX Open Interest at 12 -> CLICK HERE

anmpatel said...

@Master
today on weekly close, to turn weekly trend up which is required? a close above 5184 or 5106 will enough? thanks.

Ilango said...

@ anmpatel,

You have forgotten the basics....available in the TT.

anmpatel said...

@master
sorry i know the basics for uptrend close above 5EMA is must. close above Lema will suggest downmove momentum decrease and it will enter in trading range. but after huge upmove i was little bit confused. though i resell at 5144. with our 20 point SL/JNSAR hit. thanks.

Unknown said...

@ anmpatel
at 5154 DHEMA

Ilango said...

@ anmpatel,

Though you know the answer, you are looking for validation from an external source.

Become self-reliant.

The most important factor for a successful trading career is "Confidence".

I could show you 3 different scenarios of how the market will behave from here on. And after a while, I could come and claim that "Market did such and such thing as we suggested". That is the most easiest of all.

But to trade, you need to choose one of those three scenarios, believing in it, having a trade plan with SL, target, etc..and execute the plan "confidently".

If you are wrong but if you have discipline, you'll lose a stop loss amount but would have learnt something from the experience.

If you are right and hold the trade to its conclusion confidently, you'll make winning a habit.

NEVER GIVE UP said...

sir sbin is showing over all weakness only pls comment sir about sbin as i follow market with this stock also.

sandeep bhoite said...

@ Master

What is strategy for short taken @ high near 5145 ( near DHEMA as trend is down ) .
What would be best profit booking zone and TSL ?

Ilango said...

@ sandeep bhoite ,

Break of 5111(80% retrace of day's upmove from 5101 to 5150) alone will confirm more weakness to 5105-5094 zone below which it would be bearish.

SL for this trade is 5150, day's high and it could be trailed down after 30 minutes to 5145 and so on.

anmpatel said...

@master
thanks for boosting my confidence. i am good trader of TT but always confused with your EW. any more suggestions. thanks.

sandeep bhoite said...

@ MASTER

Its always great learning things from you ,,

Thanks a lot master. Learning to handle difficult situation in easiest way with your guidance.

Just following Trends & learning from You

Ilango said...

@ NEVER GIVE UP,

SBI, downtrending, would become more weak below 1950(MLEma).

WLEma is @ 2080.

Intraday strength only above 2040.

NEVER GIVE UP said...

@ Sir

Thanks sir for your valuable comments.

Ilango said...

@ anmpatel,

Just apply all that you have learnt in a planned way.

No need to take anymore suggestions till you gain in practiced confidence..

Atharva said...

Dear All!

Last 6 mths I have been observing Hawala price and movement of mkt based on it...When ever we get Gap up/Down on nt day of expiry ..My trading strategy is defined as follows
Add 50 to Hawala..current mth it is 5043 so it is buy @ 5093..since today we opened in range of 50-100 fr hawala then in this case buy @ 5093 with sl of 20 pts has not triggered .. I am waiting it to hit 5093 or will buy @ 3.15 if it is trading above 5143 which is +100 to hawala..

Profit booking : as master suggested @ 50, 100 pts ..

TSl : once trade is in profit +100 pts then tsl shifted to +50 pts..

Aggresive short will be opened if price resist @ 5193 or 5243 with same rules for ISL and Profit booking

Thanks & Regards

shriram said...

Re-calib @ 13:00hr

5-10HrEMA Bull x-over in place, Dev.5DEMA is Up,
trail with SL of 1 candle close > 34EMA, 30mins

Time for sapad, cu @ 14:00hr

Atharva said...

additionally one can use H &L of expiry close to confirm the trend and trade based on close or crossover of H/L
Long above High which is 5126.30 in current month with ISL 20 pts and short below 5032.40 ..which is more logical as we will be trading below Hawala....

Hari_Hyderabad said...

Stochastic negative cross over seen in 60 minutes Nf charts

Atharva said...

Comments on Same are most well come..I have back tested it since 2006 ..which gives avg. 2000 pts/yr..baring yr 2008 which produce nett loss of 800 pts..
This back testing was done on the basis of a 1 lot position kept open till nt expiry date..

Of course which is no way near to compare JNSAR trade..this is just for academic interest and to improve ones own knowledge based on price movement based on HAWALA with gap of +50, 100, 150 ..so on

SKY said...

where can we see the hawala point

shivanGupta said...

sir where can we renter again..i have no long position currently in morning bought @5110 and sold @5145

Atharva said...

hawala is nothing but close price of spot on date of expiry..e.g for Aug series hawala is 5043 for NS

Kirit Pandya said...

I came to know that now a days Gauresh Sir is not feeling well due to heavy fever and weakness.

We all are missing his quotes since last few days.

Let us wish for his well health and fast recovery.

Ilango said...

Below "5111", consider it as weak.

Week's trend could assert itself....

saptharshi said...

sir your maintain figures spot or future

parminder said...

Saptharishi,
all the figures mentioned here are spot unless specified

sometimesbullsometimesbear said...

Instead of Hawala why not use simple terminology - Previous settlement Close (PSC). Newbies will not have to keep on quering. What is Hawala What is Hawala.

Also Hawala seems to be an Underworld term. :):) U know what I am talking about. :):)

STOCK4SURE said...

ns at 200ma in 5 min charts
can a bounce be expected??

Atharva said...

SBSB : true when ever i discuss it within my circle we call it SHM HLC..Simple harmonic motion High, Low, Close..mkt is bullish trading above H and bearish trading below L..your suggestion is very valid to call it PSC..so it will be easy for all

discipline focus said...

@Ilango,
Master these r my trades since yesterday......solely JNSAR(following Jnsar day & Hr....since almost 10 months now)

1)booked half shorts yesterday at close was carrying rest half as JNsar.Day was still short
2)closed the rest half at NS-5148 NF-5177.5 Went long with rest half, would have added more on NS-5150jnsar trade confirmation.
3) booked loss at 5155 for long taken(nearly 20 point) again shorted half quants
3)holding those shorts.


today was unique as Jnsar.day almost got pierced with volume, and we have retraced back. Just wanted you to guide....
1) shall i have waited on breach and trade above 5150 before taking longs
2) should have booked shorts at 34hr.sma cross @ 5130 NS. and took longs OR should have waited till 5150 NS jnsar and trading above it before taking longs

as you know, i am dedicated Jnsar follower and normally dont have any troubles in following it, but i just wanted to incclude it with 34hr.sma to remove whipsaws

request you to guide

regards
discipline

STOCK4SURE said...

strong addition of 10.5 laks shares in 5100pe
will it lend support

suresh said...

sir ji,
below hr 21 sma what could be the next tgt

Ilango said...

Nifty Pre-Market View:

"5094", the Thursday intraday support (Now DLEma)before the break down would be a decider for the day.

A close above 5106/5113 would be preferable for a reversal signal..
= = = = = = = = = = = = = = == = = = = =

Struggling below 5106-5113.

Ilango said...

@ suresh,

Look @ the retrace for 5033 to 5150 in the TT.

suresh said...

sir ji,
Thank You

Ilango said...

"Midpoint crisis" setting in...(Not yet triggered though)

Ilango said...

"5094"-the decider holding presently.

Atharva said...

As planed Buy triggered @ 5094 isl 5074

Anil said...

@discipline focus

how jnsar got triggered...?

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