NIFTY OPTIDX Open Interest at 2 -> CLICK HERE
open and low for this hour 5104.75.
@ discipline focus,For the day JNSAR hasn't triggered for Longs at all.I changed it to 5151(in the chart) at 12.00Noon once identified a 5-wave completion.Using 34 Hr sma along with JNSAR - I don't know. Combining other studies/ numbers with JNSAR should be attempted only when you have tasted good success with JNSAR and has the experience as well as the need to improve on it.I use JNSAR as a major trend signal at critical reversal points."5151" suits quite well with weekly 12/26 smas.
@hari hyd, cooldentin stochaistics hourly crossover u both take position after the hour bar close or as soon as signal is seen because sometimes signal disappearson hour closing
Hey Piyush, everyone,Finally clicked on to the site.:)Looks much better than the previous one on blogger I think even the comment box is working properly now.
hi yoda,good to see u ....
@ Piyush ShardaI take position as soon as I see a cross over. (Mr. Nilesh Patil has also suggested to trade next candle.)
@Ilango sir,thank you master....it was my fault to take that long in 5148NS in increased volatility it happens....Jnsar has already been so good to me.....its been a rewarding and fulfilling journey.....the system has always proved good to me sir....only time that i have had problems , were when my own executions skills have created some sort of problems....even they have been minimum...couldn't ask for more sir.Will just keep a tab on 34hr sma for booking....and re-initiating.....will do a few trades on basis of it...then only will know the result....as backtesting always shows great results....but execution on a day to day basis......teaches validity of a systemregards sirdiscipline
Retraced to 5078 - 61.8% of 5033 to 5150 rise.
thanx hari hyd
Sir, now 5th starting from 5089 in 2 min chart ?
Ilango ji,Have been a silent follower of this extraordinary blog for few weeks now. Your clarity of thought and ability to teach others is remarkable.I wanted to convey my deep gratitude towards you and fellow bloggers for sharing their invaluable knowledge and insights. JN rocks!
Ilango ji,Can today's move be an expanded FLAT ?
Hey Ilango,Good to see you all again.:)
@ shriram,Yes. It is possible.To me the sub-waves from 5150-5078 looks like a 5-wave structure....
PSsorry for late reply. Yes i also take position as soon as it crosses over
Ilango sir..it means this downmove can be a of b ??correct...thx
llango Sir,BankNifty has retraced almost 85% of rise.As FIBO allow only 80%. Should this fall be really considered as a correction of rise OR something else.10056->10401=34510401->10107=294
@masterplease do 3pm update. thanks.
seems lots of struggle at DLEMA 5094-97 range. if failed to close above this then bears still may come out on Monday
@ Kiran ,Evidences suggest continued weakness.WLEma-10157, closing below it would be more bearish.
Sir,Why this Kolaveri D in mkt??
tussle going on for close above dlema in nifty & bank nifty
@mastercan you tell me day high EMA and j 10SAR of today for banknifty? thanks.
tks ilango ji, sorry for the delay
anmpatel,BankNifty (As of close of 3:00 PM)DHEma=10399J10SAR=10325
which is weekly candle pattern, please can anybody observed ?
closing avg now running at 5096( rising )
sir if price close above DLEMA but below WLEMA then what to infer from this
closing avg running at 5098.5-5099.5