@TP Nifty: Spot or future price?
Very boring, bears achieved hardly 40 points so far,,,
NIFTY SPOT 5616 I only analyse Spot
5700 PE @80 again bulk order, underlying bullishness indication?
major fire at BHEL factorysource:smsnot confirmed yet
NS below 13DEma. Whether Support2 will act or price may cross 21DEma?Bought 10 lots of 5000PE OCT series. Any suggestions frnds?
Dr Dinesh: What price you bought?
@rajapvt @1.60I am new n just trying to trade, as per JNSAR.
Afternoon Everybody...Dear rajapvt,I was not available @ the time of that 117 sellers trade for 5700 PE who were standing in Que for 80..nevertheless let me tell you some extra information that THIS 80 is very crucial for Bulls cause,this put has come down,from 80 to 31 when Nifty went up after expiry up to 5815...so crossing and trading above 80 will be first indication of bigger correction...Let us see..
As per JNSAR, we are only short side but no rule/guideline says to go for OTM Puts. Can you please share some insight of the rule/ guideline if I missed in reading JNSAR.
Yes Mynac, this is what I noticed the correction from 80 to damn 3x, and my belief is that the people who bought near 40 area, might have booked their doubled capital. :P
Bulls taking control?
all the shorts are absorbed, expect some upmove
Dear rajapvt,Just double is not enough is my understanding..cause if I would have had bought it,then would like to wait for some bigger profit..i.e. atleast 3-4 times...:)cause it's with JNSAR... and no doubt that Bulls would try very much hard to save their positions..
Bears stoploss getting hit,,,
@rajapvtPls correct if i am wrong.If NS crosses the JNSAR, we go SHORT.On that basis, NS may fall, so I preferred to buy a PUT option. The strike of 5000 is selected coz, as i said earlier I am new to trading, so to limit risk of losing. Whether it is OTM or ATM, once the NS falls there shall be changes in the price of any strike value.Readers plz excuse me if I am making the worst blunder. I request ur opinion to correct myself.
@Dr Dinesh: As per your risk level, please do trades.
@rajapvtI am just practicing JNSAR trade in options. If JNSAR indicates short, is there any wrong in going OTM puts? I sincerely appreciate ur reply.
Resp sir,If RSI not entered in oversold zone and +ve divg done then what does it indicates?
@Dr Dinsh: Nothing wrong, but JNSAR trading is more for the Nifty Future but not recommending (by master) for options as premium in options also have time component which erode over time.
Dr. Dinesh - "NS below 13DEma . Bought 10 lots of 5000PE OCT series."??? 600 pnts v r abv from that huh..do u think fall will come severely??superbly spotted the EMA very valuable one..but how u know that it will break and come down??? becoz of "downtrend"??? y u r not considering that "it's taking support there?? what is the basics?? time permits.. and watchout no hourly closing is below your EMA. No wonder EOD closing comes to 694/703/711 if at all this is a "correction" in this uptrend. lt us see. need "patienceeeeeeeeeeeeee" at OS and OB market.
Dr Dinesh5000PE OCT series is deep OTMone should trade at the money options5000 PE if you want to hold till expiry profit will start only if Nifty trades below 5000=============Dr Dinesh said...@firstname.lastname@example.orgI am new n just trying to trade, as per JNSAR.============Trade Nifty Fut only if you want to trade as per JNSAR
Dr Dinesh, my suggestion would be to trade in one lot of mini-nifty till the time you get a feel of the market and start understanding some of the basics.
@Dr Dinesh, there is no use in trading 5000 puts when nifty is 600 points away. I used to trade like that when i started and lost a lot. My sincere advise don't touch options for sake of earning. Instead follow jnsar and make money.
If in case, I go for a nxt month or far month series contract based on the JNSAR DAILY data, is there any possibility to reach the target.
Probably this is the reason behind sharp recovery..http://www.ndtv.com/article/india/mayawati-explains-bsp-stand-on-support-to-government-highlights-277767
@ rajapvtShant gadhadhari shant !!
Dear Ilango Sir & Blogmates,OI Table Update at 1:00 PM, VAH:5745, POC-5726, VAL-5707, WPOC:5761, Pivot:5726, S1:5695, VWAP:5693The 5700PE Writers though in a spot of bother, but still holding on. The 5700CE writers are on overdrive adding huge 10.27 till now. A close above 5700 Spot for the day looks improbable but not impossible…Thanks & Regards
TanQ frnds 4 ur timely reply n suggestions.
Dr Dinesh, Many seniors have already advised not to trade in options. Use mini-nifty for now. Next series and Far month series lack the volatility.I sincerely hope you don't have to learn these lessons the hard way. It's REAL money you are betting here!
@ MasterSir was it bullish harami candlestick yesterday ?
Bulls find a reason to hold market,,, :-)
Profit booking at higher level is eventual,,,
HOW TO IDENTIFY DIFFERENT CITIZENS OF INDIAScenario 1:Two guys are fighting and a third guycomes along, sees them and walks on. That'sMUMBAI----------------------------------------Scenario 2:Two guys are fighting.A crowd gathers to watch.A guy comes along and quietly opens a Chai-stall.That's AHMEDABAD----------------------------------------Scenario 3:Two guys are fighting and a third guy comes.He writes a software program to stop the fight.But the fight doesn't stop because of a virus in the program.That's BANGALORE----------------------------------------Scenario 4:Two guys are fighting.A crowd gathers to watch.A guy comes along and quietlysays that "AMMA" doesn't like all this nonsense.Peace settles in....That's CHENNAI----------------------------------------Scenario 5:Two guys are fighting and a third guy comes along, then a fourth and they start arguing about who's right.You are in KOLKATA----------------------------------------Scenario 6:Two guys are fighting.Third guy comesfrom nearby house and says, "don't fight in front of my place, go zumwhere else and keep fighting".That's KERALA ----------------------------------------Scenario 7:Two guys are fighting.Third guy comes along with a carton of beer.All sit together drinking beer and abusing each other and all go home asfriends.You are in GOA----------------------------------------Scenario 8:Two guys are fighting.Both of them take time out and call their friends on their mobiles.Now 50 guys are fighting.You are definitely in PUNJAB !!! ----------------------------------------Scenario 9:Two guys are fighting and a third guy comes along and tries to make peace. The first two get together and beat him up.That's DELHI
@mynacbhau,Bakara kab tak khair manayega
confluence of 13 and 34 ema in 5 min charts at 5672 may lend some support
Nifty rider Scenario 9 is correct upto Delhi
No force in 5700 PE @80 now,,, all going smooth, bears taken upper hand
Dear Nilesh Patil,Bulls are trying the following to save Nifty..:)http://josuenieves.hubpages.com/hub/Heart-attack-emergency-first-aidLet us see whether this first aid will help patient or not ?
rise was for a sharp fall
5700 PE writers covering their shorts,,, Enjoy bears... JNSAR Team: Cheers!!!!
Study and identify Descending Triangle
ns 5 min charts forming a channel of near 30 pointsbreak of 5655 and 5690 may give 25-30 points in that direction
@Dear Mynac ji, Hit 535x in the downtrend and then we see bulls can aid or not. As of now, Rest of the people ignore this message.
Dear rajapvt,I have literally no idea about that type of target/s,probably,Mayavati,Mulayam would have best idea about that target:)
Dear DRi see it as a falling wedge. i may be wrong also
15 lac addition in NF up to 1.25 PM,when Nifty trading down..
Parimal which 2 lower points you are taking for drawingline (Dt plz)
@Mynac: What does it indicates?
There are +ve divergences in Hour charts-Rsi, fast macd.If prices drop a little more and stop around S2-5653 and hold above last pivot low of 5640, a ST bounce is possible.Only concern is the huge 5700CE writing.Daily, reaching oversold region, could find a ST bottom either today or tomorrow.
Dear Mynac,5700PE has gone above 80 as per your analysis.Can this move NS towards 5600 ?
On Daily chart, NF is near middle BB
Dear rajapvt,Generally it favors sellers,when correction goes on...
Dr sir i also see the same and the points are 5728 and 5697 in hourly future
can anybody sees rounding top pattern in 1 min time frame......
Master what is the RSI reading in Daily charts presently ?
@ DZIRE,9 day rsi @ 52.3
Dear DRi am taking 5690 and 5677 (latest) of NF on hrlyregards
Master,Google 2 mins chart : Does the action from 11:40 AM till now, resemble a H n S pattern ?..waiting for break down ?Raghavendra
stock4sure @ sir + ww formed in NF considering fridays low as pt 1..Kindly confirm thanking you
Thanks Sir.Need more clarity on following line posted few minutes back" Daily, reaching oversold region, could find a ST bottom either today or tomorrow. "Sir in Daily charts what all indicators are suggesting we are approaching oversold zone ?
Where is the link for "Beginners". Or from where I can read about MACD,RSI,STOCHASTICS?
CNX Midcap badly beaten down by more than 1%. bad for bulls
Swetaright side above "always start trading with these"
sgxnifty dow fut live ( - 90 )
@ParimalThanks.But I want to study MACD,RSI,STOCHASTICS. then?
stock4sure@ i mean day low of 8th oct..i.e. monday sorry not friday
Will this time whipsaw for PSC ??? or it will not break..
@ Raghavendra,You are right about the sideways price action in intraday charts. There is an attempt to hold Nifty above 5660 but the follow up buying isn't emerging.Break would embolden bears.
@ Ilango Master,Mynac JiGood AfternoonPCROpen Interest/VolumeVIXare you also using the above analysis for trading..or only price based technical indicator...is it useful to learn sir...?
Plz note: Patterns are more reliable on EOD or weekly charts
@ म्य्नाक ती मायावती madam तरी कशाला सुप्पोर्त काढून घेयील कॉंग्रेस ने सेबये नवाचे छोटे पिल्लू तिच्या मागावर आधीच सोडून दिले आहे. त्यामुले तिचे पण काही त्या पिल्लू सारखे झाले आहे . चावता पण येत नाही आणि भूकता पण येत नाही
@ DZIRE,When Week TA is in uptrend and day TA is correcting & reaches oversold region(Lead indicator reaching below 20 today), there is a possibility "either of a reversal" or "a pause in corrective fall".For this to haoppen, week trend should remain "UP" and the prices should close above DEma as a reversal in day T/F.
@ Sweta,For Beginners Start here andApplied Technical Analysis
rajapvt - mm..lot of "steps" r there inbetween for your levels = like 5625/5580/460 "very much tug of war gng on with bull Vs Bears" :) but bouncing from here means...expecting a sharp one expiry week is a "truncated week'
Swetayou may also go to 'Labels"'reading oscillators' on the right side
Thank you Sir,Thank you Parimal.
Another THUND THUND...
New Post Done.
Thanks Master & DR sir for a prompt response.
5600 is within short range
3 more to break PSC 5649.5