'The beauty of JNSAR is it keeps difference of ATR so we need not to worry for intraday volatility.'@dineshbhai, i request u to explain it if possible. it hits the 20 points prescribed sl few times on a single day too.
Namasthe ilango sir and friends,Today's quote received :Neither money pays, nor name, nor fame, nor learning; it is character that can cleave through adamantine walls of difficulties."- Swami Vivekanand
Thanks for NEW post sir.
One market expert states that there is no relevance of oversold and overbought conditions!!
PSEntry point sometimes is difficult due to whips20 points SL if hit 2-3 times still next trade recovers all but by that time one gets frustrated and ignores trade.SL of Long trade can be relaxed but SL of short trade should be followed strictly as there is no chance that lower level will come again.If entered and trade moves in our favour, than comes second problem "sitting tight"Whips are part of the gameif there were no whips my name would have appeared in Forbes List
@IlangoEven though we are below JNSAR, 5DEMA and hourly parameters, the impulsive downward move seems to be missing, with supports at lower channel and WCEMA?Could we infer that the current downmove is a corrective only? or is it to premature to conclude?
Good Morning Family
dineshbhai,thanx for reply.i didnt understand the integration of atr. jnsar on friday was 5884. today its 5885. if one adds filter it would be 5905. now 14 d atr is around 60. so i didnt understand how difference of atr is there for taking care of intraday volatility.i fully agree with the whipsaw point u wrote
Ratanji ko maine kitna manaya,maine bola ek bar forbes pe lane ke baad naam kat lena per phir bhi sab cyrus ko de diya
jai hind master ,dr ji n julius sir n all blog mates merry chritmas to all.
PSIlango said...When "Krishna" was giving away to "Sudama", "Laxsmi" stopped him the third time.JNSAR is at this stage. "Laksmi" is my intuition which tells me to hold this one back.August 31, 2010 10:20 AM=========When we enter a trade we keep initial 20 point SL and for a day or two SAR remains the sametill price moves in our favour.
Dr SirThanks for disclosing your Wealth status.. From the average wealth of Forbes people we deducted 25% for whips and arrived at your wealth.. Still its big and beyond even the dream of people like us..
till price moves in our favour and makes ATR difference.
one more appeal from Hon. Prime Minister to observe peace and calm.......and wait...but how long to wait....? He is not saying for the period of waiting ......Trying to make people foolish once again through his appeal ....
Ek taraf kua, dusari taraf khai,Kya karu ,samaj nai aay
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, VAH:5897, POC-5883, VAL-5869, WVAL:5841, Pivot:5869, VWAP:5865The PE writers are holding onto 5800 level, with OI above 93 lacs, but 5900CE level is the hurdle for the day…Thanks & Regards
@gauresh59,Maintain peace and calm like he maintained when 2G,CWG and other scams going on...and wait till people re-elect them again!!
The biggest capacity of these Indian politicians is ' the waiting game ' they play.. In country with 125 Cr population and 1000s of issues they know people will move on to another issue quickly..They just kill time and dilute the intensity of the issues slowly..
@ Indus,Treat this as the 4th wave as shown in "EOD's Macd chart".We have two options:1. 5th wave completed as shown in "EOD's Lead indicator chart"2. 3rd wave completed as shown in "EOD's Trend indicator chart".5755-5777 would be around 50Sma in 3 to 4 days. Observe how Nifty behaves around that zone as well as the Technical conditions at that moment. The time window also happens to be month close and hence another important number would play crucial - MHEma @ "5787", a close below it would make a ST top.
One Arnab Goswami is not enough to maintain the intensity
11.00AM TT & Chart updated.
dear yash and dhan EOD JNSAR may be giving signals late but less whipsaws and lots of peace of mind and results are good too
fevicol will give way ns when<5850
@indus,in both case sell emerge.
@Master,reversing of RSI.MACD and Stoc, but price is not going fast , so it means this is consolidation of nifty and will come down fast???
@Prithvi: Once JNSAR position is taken, be mechanical, see the JNSAR SL and wait for next JNSAR to buy. One should not think once the position is taken.
5755-5777 would be around 50Sma in 3 to 4 days. Observe how Nifty behaves around that zone as well as the Technical conditions at that moment. The time window also happens to be month close and hence another important number would play crucial - MHEma @ "5787", a close below it would make a ST top. The Day JNSAR has become neutral (flat) now so will not help in Day movements. regds
New Post Done.
Kranti said... One Arnab Goswami is not enough to maintain the intensity December 24, 2012 11:11 AM Arnab simply whips the passions, creates froth with no substance.Take the instant case of Gang rape, he has been yelling hang ! hang ! castrate the culprit !!! He very well knows after 2 to 3 months all the culprits will be out on bail and ten years down the line they might be left free for want of evidence or whatever lacuna defence lawyer may find.Yet Arnab did not ask / suggest that Govt should take remedial steps for speedy trials and make Police responsible for the cases which fails to stand judicial scrutiny. (in 76% of cases culprits go scot free)
the ENGLISH,and FRENCH made an agreement to end war(ANGLO FRENCH WARS IN INDIA) with eachother. they clinched the deal by making their PRINCE and PRINCESS get married to each other.THE BULLS AND BEARS made an agreement to kill the PIGS.