Bahujan Samaj Party (BSP) supremo Mayawati will announce stand on support to UPA. In massive rally in Lakhnow today and followed by the party's national executive meeting on October 10.market will keenly watching it
NIFTY OPTIDX Open Interest at 10 -> CLICK HERE
Hour TA pulling NS UP. But need to wait till EOD
this hour HA is 5711.84remain below this some more toing.....first ORB should be broken on downside. no jnsar "whipsaw" please god...
@Ilango,After entering in the resistance zone described in the premarket Nifty is now poised around 5EMA 5615. is this not a sign of weakness when its only yesterday when the trend has turned down on the daily.....
Good Morning Master and Friends..@ Master can we take conservative trade today??? or wait for more clearity????
@anmpatel: Please do not take anything negative about my words. Stop praying for a stoploss purpose, Have belief.
yes sir, v true, thank u :-)
Good Morning Ilango Sir and Blogmates.
strong addition in 5700pe and unwinding in 5700ce(being obvious as nf is abv 5720) tempting for longsalso supp of 34 and 55ema near 5704
@rajapvtthanks. i am sure JNSAR once hit give 100 point. but my confidence become little weaker after master comment that JNSAR trade may whipsaw and on which side no body knows....that why i was praying to god only. and ORB is not breaking anyside!!!
orb broken downside
@anmpatel: Follow price action, have faith,,,
@rajapvtbesides that JNSAR+20 point filter is also coincide with my HA open 5734.34....
Parminder Ji :D
Spot Open low also broken.....
@rajapvtthanks.waiting for banknifty ORB broken on downside...
small bullish WW developing in ns 5 min chartstrgts 5717 near 11.15am5702 (pt5)
EW angle for this fall:-If seen as a ZZ(a) 5815 5667 148 Holding Dev. DEMA 5715 , (b) can do (b) 5667 5758 -91 -61.8% ** within (b)(b).a 5667 5728 -61 (b).b 5728 5702 25 -41.0% * done ?If done, @ 5702 , (b).c UP can do(b).c 5702 5763 -61 100.0%This is near the 30mins RES cluster @ 5760 ..
Dear Sir,the positional trade for a strict JNSAR follower is to be on the long side with 20 point sl. Is this valid or can we continue to hold the short with 5721 closing as sl. Pl suggestRegardsSivakumar
congostock4sure for ur WW pattern tgt achieved
@PSmaster changed JNSAR to 5741.who should cover shorts at 5741 and golong with sl of 5721? till 5741 hold jNSAR short created yesterday? m i right? please guide. there is lot of confusion in my mind for JNSAR and Sl with filter.thanks very much.
Dear Ilango Sir & Blogmates,OI Table Update at 11:00 AM, VAH:5746, POC-5716, VAL-5695, WPOC:5761, Pivot:5723, R1:5753, VWAP:57425700PE back after the bashing received yesterday with huge addition of 6.67 lacs, whereas 5800CE writers are chugging along with OI now above 75 lacs. Looks like we have a ceiling in place for this series.Thanks & Regards
anmThere is no confusion in your mind. you are just worried about whipsaw.
GM sir and friends :)Take a break and do assignment work for my daughter - How is chocolate used in - Food confectionary Candy??? kindly post the link if anybody;s time permits. tks n advance.anm - ji - give me your SL plsssssss if u don't mind
Sir,Should one buy here as JNSAR on the upside triggered?
This hrs Open and Low is same for NS at 5716.65 & for BN at 11484.15 at 11.00 AM in spot.
Goodmorning Ilango Sir and all the Blogmates!
@anmpateldr sahab cooldent has summarised it very well.sir has used ta and made jnsar (with filter) to 5741 . if u take longs at 5741 then 5721 becomes s&r. sometimes whipsaws r unavoidable i feel.
@ anmpatelJNSAR has given the sell call yesterday closing below 5703 which was the JNSAR for yesterday.For today JNSAR was 5715 which was also the 5DEMA also.By whipsaw means it is possible that the 5735(5715+20) may get broken.Accordingly 5741 is the new JNSAR.JNSAR once broken has given 100-150 points always.But market is supreme.Wait and watch is the policy though Nifty is trading above 5 DEMA for day and also above 5DEMA for the first two hours.
@ps@cooldentyes, whipsaws r unavoidable but which should follow? 5734, 5741(tom jnsar with filter)? i am not worried about whipsaws....i just worried when to change and how to change train if needed. thanks.
u can think other way too. if one removes filter one wud be long at 5714 with s&r 5694. if 5741 breaks he wud be in profit already. i feel more important is sticking to one method whatever. everyone (including me too) gets rattled by whipsaws.
@cooldentWell said...whipsaw is what we are worried about. :)
@ANMP:Indicator mathematics is deterministic, once price starts oscillating , MA's inherent Lagging nature brings "whipsaws"EMA goes somewhere & by that time price has gone someplace else,, is a common complaint !This is becoz the Feedback "time of transmission of NEW TREND" is FIXED for a given EMA(n) , NOW, if the PRICE corrective is FASTER than THIS FIXED TIME, we get a Whip-saw, i.e EMA shows Old Trend, while market does "ulta"JNSAR is derived from EMAs & as a corollary will have LAG, so relax!Once , we identify Corrective mode is ON , U can try 2 thing ..1. Look for EMA convergence or 2. SMA-EMA divergence (sue same period (n)), 3. hyper-activity of SSTO & RSI,(but need to be very careful on choosing time (master uses 9 for RSI)Hope this adds zing to ur HA , wen the Grinder is ON :-)
@coodenthave to go for operation. can u please mail me when it is time to reverse. thanks.
@shrirami am in biology profession!!!50% is gone bumper!!though HA is simple when it gives HA open, i found it is contained lots of information.after all i am not worried about whipsaw but worried if i miss the train or what? hop u can understand...after getting 400 point no body should worried for 40 point loss....we should count it as a TOLL TAX....of old journey and start of new journey.
thanks to all friend, but time to go...see u if free before market close.
Whipsaws are the times when we are tested on our learnings. The more the whipsaws the stronger our basics of what we have learnt. Learn early and learn quickly... lets not detest the whipsaws... its an opportunity to reinforce our belief and go back to the notebooks.How we deal with whipsaws differentiate the men from the boys. :)
@ Anmp:was just answering the "why". Ever read the book " Tell me Why" ?? Sprirt of enquiry will get ignited :-)
New Post Done.