master being this fall & RB nifty still the premium of calls are on higher side as compared to puts of next contract....why this so any guidence????????
@ DR Sir lol I bet this onion cutting idea can be productised and see good revenue potential . :)
Master any EW views if it holds once again 5640..
@DR and AJ - thanks for the response.@AJ - fleeting orders by HFTs can well be ignored by looking at avg bid or offer value (excl. extremes).Price movements around VWAP has been a good pointer for my intra-day trades. My observations are quite raw as of now; hope to share it with the group sometime. VWAP has made me slightly curious in the entire intra-day demand/supply dynamics - maybe I will try to study Market Profile tools.
In a 4th wave ,JNSAR not doing good job.
Dear Sir, Can we take short position as JNSAR TRIG on the short side or we have to wait for the closing for confirmation. please suggest.
@DRWould it be prudent to reverse BN longs???
A big drop expected; provided ns doesnt move beyound 5700.
SS: wait for near closing !
A big drop soon
@ parimal on what study you are predicting this drop sir??????
as usual looking for 58/50/46 etc???
nahinnnnnnnnnnnnnnnnnnnn... hey bhagwan.. yeh tune kya kar dala!!!
100% retracement of yesterday's rise
Princei am looking ST(5mnts) EW chart, 5th wave to start
@Master,JNSAR Sl hit.Can we go for 5550 view???
@parimal k sir still last chance for bulls 80% = 5652 as mention in tt...........i think so n finger crossed.
Reposting-Ashish Agarwal said...From an EW perspective, one has to consider the possibility of "Elusive sub wave-b' ending yesterday at 5723 high.. its a flat and less than 61.8% of A (A being 5815 to 5637).. this makes way for C down in the coming days..October 19, 2012 12:16 PM
@IndieTechWell one cannot rely on any data that you see in order book window because those are trades that a trader "intends" to execute.VWAP and market profile is as a result of trades which have "already been done" at particular price and volume. I have a question regarding VWAP, which parameter should we use for it. I consider it as just another average (no particular number, choose your favorite kind). Not done serious stuff with VWAP as I don't get charts with VWAP for Banknifty :(
Prithivi - only range bound mkt :( :P am waiting for NFutire lvel 56/46 that wil decide believe it move up onceagain if it touches let us seeor frm here itself 665 lvl
Going for C of Extracting triangle from 5815?
Dinesh sir, lo winter aagaya
bullish ha candle become complete DOJI by help of bears....HA diffCO at 3.7 just above zero...consolidation...consolidation....waiting for some good breakout-breakdown....
@Ashish agarwalWhat is your target for C ????
bounce baba bounce to 700 again??? shhhhhhh
@Indus,Can be anywhere between 1 times A to 1.618 times A ..:)
oh.. future looking for 704/735 onceagain???
@Sujathayes it will close around 5683...
who all are still holding longs???????
Having eaten the stop losses on the lower side, are they going to eat the stop losses and trailing stop losses on the upper side today before end of day??????
@ sujatha new moon was on 15 oct but will show it effect today ...reversal day
@IlangoTrading below JNSAR, 5DEMA and 20smaWould welcome your inputs at this stage...many thanks@ashish...thank you
myself holding long cut bur SL hit in 50% qntty
IndusBN is struck @ 450 since few days and eating SLsthe level remains still good@ BhushanRajai nikal ki kya?
So was Yesterday a BULL Trap day OORRR today is a BEAR Trap day......who said what....
sujatha maam bought at ns5661 hoping 5690 if not 5704
they will try to close the 3 pm candle @ 76/83/94 to scartch my head more :P :(
Who was eating banana today....? Market slipped...
Indusin BN SL is 50 points if it moves appx 100 points in your favourbring TSL to CP read rule No.2 @ Past Performance" on my blog
@ Indus,This correction was anticipated yesterday itself:Ilango said...Now the (v)th of the rise from 5634(of yesterday) seem to be unfolding and could face resistance around 5714-25 zone, where another correction could set in.If none happens, we'll review.October 18, 2012 2:15 PM And it was reinforced today before the market opened:Ilango said...Aggressive traders may sell at open or any small bounce for the corrective "ii"nd wave.(Which could turn to more corrective too below 5675)October 19, 2012 9:13 AM Now the last weakness trigger would be 5651.Those who find the "trading the range bound market" should refrain from doing so till a clear trend emerges or a "bottoming signals emerge".
sandeep - oh.. applied "butter" to ur fingers to move fast :D :) lolz
Nifty Hour Chart Fast Fall:CLICK HERE
VIX in red... Bounce expected...
Taken Trade Line support @ 5658/5660
@DR, IlangoThank you
@ Sourav Kundu,What would be SL for todays short JNSAR if taken at 5666, will it be still 20 points. How to approach the whipsaw of filtered JNSAR?
Respected Sir, If once again the NS crosses 5681 then as per JNSAR theory shall we should turn to buy mode.( Since as we have made a low of 5660).
today will be insider day?
Above 5695, breakout;Below 5660, break down.
maam sold at 5678 ns
3.00PM TT & Chart Updated.
thks master to be careful n maam thks
last 30 min can we see more 30 pts up??chhoti si aasha
thanks Master for ur guidance
I am so fed up with this JNSAR whipsaw this monthn that it is either do or I die. My entire good work of last month wasted in 15 days by this range bound market.
fractals are indicating of 11700 abv levels in BN till tuesday
seems both JnSAR and 5EMA (5683) will be protected on EOD closing basis..
@ Anyone Not able to check the TT .How is D.RSI(9) posed now at current price ?The cross over of signal line is done ?
Me too also in loss
@yash and dhan-u need patience.a virtue so helpful in life.more so in markets(MASTER)
Today once again inside day....
dinesh jibearish harami pattern today in makingwhat say sir
I am also at loss. too many whipsaws in short span of time
sandeep -OK. next tme fill up ur coat's inside outside pockets too :) someway that's good booking profit "as per plan" balance let it go anywhere "again try to catch @ right level" is best...personal experience after lost much - heheDisclosure - me too don't hv any position due to festive mood.Happy Pooja Holidays to all :)
@Yash and Dhan:"entire good work of last month wasted in 15 days"1) Most of the times, inexperienced traders lose money(gained in trending phase) in a sideways market. 2) Always trade with low volumes in a sideways market. 3) You would get enough opportunities once the range breaks and enough hints from TA before the range breaks. 4) Till then trade with low volumes and only at boundaries.The key here is to to knowing when to trade and with what volume.
more the whips stronger will be next trend
weekly trend is down,jnsar downwhat to do??
Dinesh sir ji what say
Options data suggest bearishness..
goodbye dear sir, seniors and all dear freinds happy weekend to one and all
parminder today is the day of weekly candle its the smallest doji ever
@ Ilango Sir - would it be prudent to carry forward shorts. Pls reply.
hi - u people know JNSAR - this time giving whipsaws y can't u "prefer DLEMA TO HEMA"?? or play "supp and resis" only becoz mkt in RB and close the position??? can't trade always "positional" position. hope u friends will not mistake me for this. if hurt my sincere apologies. 1000 system will be there - but "according to our own financial position" v hv 2 take "position" hehe - this too of personal experience after lost heavily :)
Prithvi Yashashvi How to decide?? this moment it is long, other moment short JNSAR!!
ilango sir,You had identified this as range bound market(and whipsaws on pure JNSAR trade) with help of EW.Is there other way to identify early in phase that market going to be rangebound ?Could we say.When market continuosly trades between Day High EMA+20 and Low EMA -20 (May be more than 2-3 days)?When JNSAR gives > 500 points, next 15-20 days can see whipsaws.
Friends that is what I meant. I will not leave this pursuit till I get back in profit. What happens is that we stay out fearing whipsaws and market gives a 200 points rally only for us to be at the sidelines. This time I will not leave the number come what may.
closing avg 5684...above mondays jnsar
Jai Mata Di !!!!!!!!!!!Monday is Astami and I may be late due to Kanya PoojanMa Plz take care of my postionHappy weekend and Navratri to all
I second Mr Yash and Dhan
Sandeep how one know this is sideways market before taking any position & when does it end?In this sideway market , I remember yesterday Range broke , JNSAR long & TL break, TT green. I think we need some extra study but I don't know what extra study needed. This sideway market eated my previous month profit totally Now I m back to sq one.
No body know which trade will be the best trade of year or which trade will break the rangeonce leftout it wont allow you in so we have to trade all the signals.
@sujathe problem is not changing no. if jnsar whipsaw tomm j 10 sar will whipsaw some day 5 dlema. the whole approach of trading needs to undergo a change in corrective . if a trader cant change that correctives are red in account in my opinion.
@Prakashbkc: 1) Range of 5730-5630 never broke. 2) Typically, 70% of the time we trade in sideways phase.3) I don't trade on a regular basis when there are whipsaws all over. Yesterday, I booked longs(@closing) initiated@5740 with 5730 SL and shorted @closing with 5730 SL. 4) My simple strategy (follow the basics) coupled with Illango sir's hints have always helped.
Sandeep, It is good to know u made money in this sideways & whipshaw market. Really, it is praiseworthy & encourging . I wish if i would have such skill
prakashbkc it is one of the days rest story is same