Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
47 comments:
@mynacji,
Where are you?
Miss you lot.
Namaste Ilango sir and all,
NIFTY Hour CHART:
Click Here
though today is just the first day but Week EMA at 5332 is also not far from here if 5363 decisively borken.
5357....protected....seems...but chances are high to break....
Seniors pls guid .. wht is the setting for hourly led indicator...???
0.618 times the fall of 74 points(5449-5374), the target is 5353(5399-46).
1 times the fall of 74 points(5449-5374), the target is 5325 (5399-74).
Sudarshan,
the setting for the hourly indicator is
Stochastic 35,3,3
Master a fast fall is developing
on hourly chart
5,21 sma below 31 sma
Master , Sorry its not a statement i am just asking .
Regards
on an optimistic note Once a SAR is triggered it usually give 80-100 points......
Parminder sir thank you .......
Sell...Nifty 5400 ce @ 18...sl...25...tgt...0
@ parminder ,
Yes. 5 pulled back towards 21 and has moved away - suggested some falls ahead.
Bye for today dear friends..have a gr8 day. catch you all tomorrow. :-)
Buy Nifty 5400 pe @ 43...sl....30....tgt...65/95/110/more
Niftyindia,
Tgt 0 is hardly ideal. Hope you have realized the mix up.
@Parminder,
very good eyes and timely observation.
Friends,
Those of us who are new to JNSAR trading, today was the opportunity to initiate trade. Do not use your head and try to outsmart the system. Be in the direction of trade.
Being true to the system would imply going short [if not done yet, then atleast till end of day], even though we keep hearing bullish views all around us.
Follow the system blindly. I have lost when I use my head.
Rest, experience is the best teacher :)
Good luck!
Nifty entering support zone ... 5348-5345-5317
ZZ Cmin @ 5351 (0.618xA) ; C=A @ 5322
Wk Candle support @ 5317 , Dev. WkEMA @ 5329
Safety nets, stacking up ahead
Nifty spot 5357 broken....
Aneesh..let's see
Dear Parmindar
moreover on NF hrly chart 21sma bearish crossing over 34sma is also seen
both NR7 in daily and weekly t/f broken on lower side plus our JNSAR short today confirtably after some initial hour whipshow, my Heikin-ashi also suggest short on 24th Aug when open below 5407. all study indicated short at various level. thanks.
Niftyindia,
I just realized that I was the one who got mixed up, not you. Apologies.
Parimal ,
yes already said so bt typo mistake
34 sma
even 21hr ema below 34 hr ema
☺
moreover on NF hrly chart 21sma bearish crossing over 34sma is also seen--
such bearish crossover was last seen on 12th July 2012
support coming at golden ratio of 5294-5449
On 12th July NF moved below Ichimoku Kumo (cloud) and after that day today again NF is below the cloud
Ilango ji,
C as ED in play from 5399.1 ??
seems only i m long.... my sl 5350 closing basis..
Dear Shriram
please educate us-- if this fall is wave a-b-c
thanks
@sir,dineshbhai,sanjay jaiswal
fii have been pumping money in cash but most of the
days stock futures have -ve figures. cud it be case of just some arbitrage opportunity where we buy cash sell futures??
Nifty...5369 was imp..break will take to 5340 said...its now at 5347....intra may book short..positional hold...option writers carry...option long decide your self...
Dear parimal,
Yes, to me fall from 5448 looks a ZZ
C=0.618xa = 5351 Min. Tgt is done.
c=a , CAN take it to 5322, DEV 5wkEMA @ 5325 will offer support
Time to close shorts here... rest lets wait for ilango ji to clarify my lable :-)
Thank you Dear Shriram for kind response
regards
Ilango ji,
How r u reading the move from 5448? pls clarify sir
@ shriram,
We saw the hour TA correcting for 74 points.
Looking at Daily TA, shorts remain.
It resembles a ZZ. Part booking is fine if done at the opening bounce to 34 Hr sma. If not, maintain JNSAR as SAR as in TSL.
what is the candle if NS close near the Day low after earlier falls...
Today we have crossed 7-EMA, 10-EMA, 13-EMA,
Closing avg around 5350(+/-2)
Yes, booked it.. Tks Ilnago ji
though the close is below the DLEMA but a follow up action is required tomorrow to confirm the start of downward momentum......
thanks dear piyush sharda for ur guidance i had internet problems earlier so could not reply
ns : 2mmorrow if < 5310, then a further free fall
close below DLEMA.....unexpected. momentum changed within 3 days.....amazing. nobody could survice without sir's TT. thanks sir.
Dear sir just for knowledge part booking of jnsar after every 50 and 100 points am i right sir? and just to increase my knowledge as todays closing is below todays jnsar so shorts are confirmed and if someone had failed to initiate shorts today what wuould be reselling points tomorow? many thanks to all
carried long... no body knows what tomorrow is.. but fix morning alarm to get up before going to sleep.. that is called HOPE....
Is there anyone facing problem to download the TA file?
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