Tuesday, 27 November 2012TREND OF NIFTY LEVELS ALL IN SPOT FOR 29 NOV 12DAY JNSAR HIGH 5679DAY JNSAR 5622 DAY JNSAR LOW 5565VOLATILITY STOP LOSS 5608WEEK JNSAR HIGH 5790-5800WEEK JNSAR 5660WEEK JNSAR LOW 5520-30 NIFTY CLOSE 5727 HOUR JNSAR SUPPORT CHANNEL 5700-5682-5663 TODAY NIFTY TRIGGERED THE VSTL (VOLATILITY STOP LOSS) SO NIFTY BECOME BULLISH.AND IT WILL REMAIN BULLISH TILL 5608. IF NIFTY MAKES NEW HIGH THEN VSTL WILL RISE.NIFTY CLOSED ABOVE DAY JNSAR HIGH ( 5679) AND BELOW WEEK JNSAR HIGH (5790-5800) NIFTY HAVE MAX. PROBABILITY TO GO TOWARDS THE WEEK JNSAR HIGH.HOUR JNSAR SUPPORT COMES 5700-5663. Posted by Shradha Saburi at 05:37
DR sir- What levels does BN indicate on a high side? Is it safe to enter BN now?
The hour chart shows:1,2(i), (ii)-green(i), (ii)-sub waves of green (iii) in blueThis sub-division of waves happen in a strongly trending market; in this case, anticipating the weekly reversal, big upmoves are unfolding.
BN's (ii)nd wave correction suggests its highly bullish intentions.(ii)nd low of 11621 becomes conservative SL.
Re-entries: Use a retracement strategy; holding becomes easy.
@julius,i was going through the 123 method u uploaded.i had a doubt. in the charecteristics of uptrend in point no 7 its written 'Point 2, should not be lower than point 1'i feel it shud be point 3 shud not be lower than 1.if point 3 is lower than 1 and there is a rally that breaches point 2 in its not 123 setup as per the article and we shudnt take longs then. what do u feelhttp://www.tradejuice.com/forex/forex-1-2-3-methode-mm.htm
Weekly chart of BN and Nifty shows forming of probable bullish flag pattern. closing price at the end of the week may confirm the same
Sharadha sir , What is Day JNSAR High & low ? Kindly explain
5777 should be watched carefully. Nov 6th Resistance. 5758 Intraday Sell Point.*From Now my posts mostly discuss intra & swing trade based on 2 Gann Approaches, Historical Sup/Res & 1-2-3 pattern. My request is take my posts as educative purpose. BUT If seniors/admin feel my posts could be a noise to the regular TA follower/blog member, I stop such posts(no hard feelings - I respect rules) & participate in TA discussion only. Regards,J.R.Julius
Good morning allAmazing...@masterwhat will be best level to partbook??? yeto lagata hai rukegi hi nahi.....pl guide.
@ anmpatel,Let a negative divergence develop in Hour TA. They are trending up above their respective triggers. In a strongly trending mkt, even the divergences could fail. Let us get some additional info. from other studies.20 to 45 points drops/ corrections are normal.
Many stocks are Trading above their D-HEma.
Sir ILango ji what level makes a week trend up , as in your pre market table it is still marked down .thnx
GM Ilango: 20/45 points drops/corrections from day's high or from the open price.
@masterthank you.tab tak pakad ke rakho.......
It is just to understand the which dip level is good to enter longs.
RepostingShardha sir ,What is Day JNSAR High & low ? Kindly explain
@ amber,Week is marked "Down" based on last week's close. However, current prices are almost 150 points above WEma; hence suggested a likely reversal in week and mkt has gone aggressive in anticipation.
@ rajapvt ,It is from "day's high".
Sir thnx very much
Dear PrakashbkcDay and week JNSAR high and low are trend levelswhere nifty have max resistance and max support to turn back towards respective JNSAR (week, Day)If nifty closes above 5800 today then we will have breakout and levels will be calculate on the monthly JNSARi hope nifty should close above it.if you have query you can mail memany many regards!!!
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, VAH:5733, POC-5709, VAL-5685, WVAH:5617, Pivot:5709, R2:5790, VWAP:5775Based on OI addition till now in 5800PE, Expiry could be above 5770…Thanks & Regards
@Mr.Piyush,Yes. if Point2 is lower than point 1 its not uptrend actually! But they give that point7. :)
Dear Prakshbkc suppose child is nifty and Day JNSAR is motherand week JNSAR is father all are going to garden . If child runs fast ahead and goes far away from the mother and father then it gets tendency to turn back towards mother father.this is for just understanding purpose.regds
@IlangoGiven retracements, can we take the nifty logical targets at 5862 and then 5977 given that it has gone above the golden ratio of the retrace from 6339 to 4531???Am I right in thinking that this is the larger retrace in place now???
Just joined to follow the blog.
thanx Shardha sir
@julius,its a good setup. if we use it on hourly macd it catches most swing slows off course after few points away.i went trrough 2b setup of suri dudella u uploaded. i feel its modified version of elliott wave after wave 5 there is a correction which it aims to capitalise. however in the illustration of the article the author doesnt mention abt few whipsaws which would occur. ie in uptrend before swing low is actually formed many times prices move to and fro and that would give whipsaws. did u observe it??
typo it catches most swing lows/highs of course
Sanjay Siis it not possible that ns may close abv 5800 todaya as heavy writing in 5800pe is on more than 26lakhs written today
Thanks Illango Sir,Your blog is full of education.Wud like to learn all TA techniques 1 by 1 reading all yur pages.Thinking to trade according to JNSAR orJ10SAR.Will u reply on my understanding on following Sir, whether it's crrect or not?Today's JNSAR is 5621 & J10SAR is 5673 ---Means if Nifty moves down either of this level then shud i initiate my short trade in 2 lots?Or if tomorrow Nifty breaches below 5638 OR 5673(JNSAR & J10SAR for 30/11/2012) i shud initiate my short trade in 2 lots?
@Mr.Piyush, Yes. Thanks for your inputs. 1hr chart will too good. 30mins too fine. If Price fall below 5777 its 2B in 1hr chart 6th Nov Res.
Will anybody reply my query posted earlier?
Dear Sujaydont catch a running train, a falling knife.wait for the next opportunity. when Nifty (spot) moves above/below JNSAR, take a long/short trade accordingly with 20 points SL for initial two days.
Sujayjnsar for today is 5621 so if it breaches then we go short today with stop loss of 5641. before taking jnsar trades pls read about it.
Respected Parilmal Sir,Thanks for yur valuable advice.M aware i might b creating noise while all r busy in trading now, jst asked whether my understanding is correct or not?By the way can i catch u later when u'll b free so that i can ask any help or doubts?Thanks.
hello friendscan anybody suggest share that have price below 100 and had good swing moves like..JPASSO, RCOM.thanks.
Dear Sujayyou are most wellcome. i shall be available and shall reply as per my limited knowledge with objectivity.
NS Closing in on 5800.
@ MASTERAs In buy from JNSAR ,, now today have to rollover but DEC Future are in 40 points Premium what is perfect idea to rollover or simply do at closing asking because no correction yet ..
@NDgood morning sir,i have one Q. is that 21-34 EMA will work on 30-min t/f with any stock? or it will work with only 5min chars?thanks.
Thanks Parimal Sir.
My Dear Juliuson day chart SBI is exactly at 21 and 34 DSMA. may face some resistance here. let us wait and watch. major hurdle at 200DMA is overcome.
@julius,what i understand by my reading of 2b, we cant take 5777 on 6th nov and breakout today. the author clearly mentions 5-8 bars retracement and then breakout again. however b/w 6th nov and today a multi week low is made. the author uses 2b pattern in 5 min charts. there i feel few whipsaws were present which he didnt mention.http://www.surinotes.com/Tradestation/articles/suri2B_TJDec2007.pdf
anmNilesh bhais replyyes it will work on stocks also
@ sandeep bhoite,Intra corrections are of 10 pts so far; whenever you find more than 10 points drop, wait & roll over.Rolling over done at the early stage of a break-out would be the right way to do. Keeping it to the last day would limit one's choices.
@ sujay , JNSARJNSAR- a SAR MethodJNSAR for Options TradingJNSAR with TTJNSAR for good gains
Apply 90-100 points from yesterday's close or today's low for even today.
My Dear Shradha SaburiGood Morningafter quite some time NF is above daily Kumo and Tenkan-Sen is giving a positive cross-over to Kijun-Sen which may be quite significant.
@Mr.Piyush,Yes I agree. 2B pattern is not much different to price action fakey bar set up also not much difference with double top/double bottom etc. What I understand is If we can identify 1hr/30min bar as reversal bar whatever the name for the strategy, it may give low risk high probability returns. Anyway i take your valuable observation/comment - will gothrough the pdf again.
@anmpatelji,It is also work best on Hourly charts for stocks.
@ MASTERThanks for ur valuable words ,, done same last time but missed this month & specially today its bit diff to cover 40 points of range ,, but will act on your word now onwards for this things
@NP@cooldentthanks. but google provide only max 30min t/f. and my software needs renewal. thats why i ask specifically for 30 min.
@Parimal:Airtel target intact right?
Thanks Ilango Sir for yur prompt reply.I understand yur busy schedule at trading & mentoring the queries of fellow traders.Thnaks for yur links provided.May i ask any doubts if i don undrstnd after finishing the market?What time i shud mail u for the same?Thanks for yur support .Sir.Today i came across the pic "http://4.bp.blogspot.com/-XhnHlVscHRI/ULbCFOSrSHI/AAAAAAAAnR0/28-3BrrImMU/s1600/1.PNG"but was bit confused to understand.Thanks Sir jeee.
Shradha Saburi sirhow did u calculate DAY & Week ( High, Low JNSAR )plz explain when u have time
New Post Done.
"5800" PE writers would become active here--- around 5800+/-20 points.
Dear Parimal very Good Morningexactly! Nifty may consolidate here to give upper break.Nifty(F) should close above days upper bollinger band today. now it is touching to it. Many many regds!
My Dear bbAirtel charts (both hrly and daily) yet do not show any weakness on any of the four widely indicators i am using. Parliament has to vote in favour of FDI in retails.
@CooldentThanks Cooldent jee. I didn't read yur prompt reply earlier, so sorry to delay the thanking respond to u Sir.
As per Federal bank technical research report one should go short in this counter. Federal bank is looking quite weak at current level and is expected to fall further. Positional traders can go short in Federal bank from current level for good gains.