1st Hour candle is a "Pin Bar".Follow up price action to be monitored.
Sir, below 5910, aggressive sell can be initiated ?
NIFTY Intraday update: CLICK HERE
GM Master & JN Family,The Rounding Consol. / CnH on 30m t/f , has played out to tgts.Bulls now need to take out 5960 NS convincingly to seek higher zones...
getting sold off ;
gm dear sir , seniors and all friends of the blog
dear sir and friends any system wherby we can trade for 20 to 30 points for intraday? would appreciate if i can be guided many thanks. i have tried many things with back testing but no good results so far
Yes looks like getting sold off. Political issues more so. Also earnings season for most heavyweights done.
whats pin bar?
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-5913, S1-5890, R1-5941, R2-5963, ATP-5951, VWAP-5951The PE writers have more or less made 5800 the base for the time being, but unable to dislodge the 5900CE writers till now, fight on for supremacy at 5900 level…Thanks & Regards
Good Morning Master And FriendsPin bar--- http://www.forextraders.com/forex-technical-analysis/the-pin-bar-one-of-the-most-powerful-price-patterns.html
dear sometimesbullsometimesbear....At least now please do send the JNSAR backtested file to email@example.com
possible of a dip below 5923 and then another round of upmove
@ MASTER PIN BAR THERE ALSO in 15 Min Considering ORB Break 5940
Sambhrama I am sorry I may not have got your message or email, and I post here in spurts and bursts so as not to disturb others, but I will surely do so. JNSAR is a very good system. The only requirement is you need to have total faith in the system and its creator. Thx.
Sir, what is the new conservative trade ? Anything to be initiated till now ?
SirAs prices have dipped below hhema please could u update the TT.Thanks
Mr.Sudharsan,Thnx a lot, very useful
sir,11am update is requested.regards
5860 is 1st Higher Low of Bull Expiry Roll Over "C" 5916Pains to Bear if EOD C > 5916 & holding above.Poins to Bull if borken or when EOD "C" < 5860Gains to trader if traded BO of 5860 or 5916
Dear All,As i have been repeating, please have a look at the addition in puts and subsequent price action.Heavy weights are building long position in options in place of writing.Regards
below 5889 :
Nifty Pre-Market View."5945-71", major resistances/ MHEma."5877-90", important support in ST(DHEma).TT turned 95% green @ 2.00PM.Just as 34 Hr sma has been supporting BN, 21 Hr sma has been supporting Nifty.ST strength would continue above 21 HrSma.
@Rama Balaji Ji,http://www.brameshtechanalysis.com/2013/02/pin-bar-powerful-price-action-setup/
5880 is 80% and 5876 is day s1. 5878 price where gap up happened on 8th mar.
5877 is yest. DHEMA
@ Jay Shah,My observations for intraday trading is to follow none other than Hourly JNSAR or Hourly J10 SAR.I did back test the system and generates good profits on intraday basis.Ground rules : Take position in the direction of Hr JNSAR or J10 SAR. If its green at the end of hour take your position with 20 pt stlp or the reverse.Raise your stlp every hr in the direction of trade.This would work as long as there is trending move during the day.What doesnt work is huge intraday swings..and not able to capitalize on Gap ups and Gap downs.Back test results :Strike rate : 55% profits , 45% loss.Approximately 1 trade per day. Max of 3 trades.Approximately 15 pts per trade excluding brokerages.Raghavendra
Supremecourt strongly questions Government on CBI and says govt must restore CBI independence. SC extremely unhappy with CBI acting as per POLITICAL MASTERS. BJP demands PM resignation. --Times Now.
Gm to Master : Any clue for rebuying
NS at the support level of 34hr sma
sudharsan said.....Pin bar--- http://www.forextraders.com/forex-technical-analysis/the-pin-bar-one-of-the-most-powerful-price-patterns.html April 30, 2013 at 11:01 AM EXCELLENT link for this chart and timely done.
Hi all, can anyone let me know what is JNSAR for Banknifty for tomorrow.Thanks and regards,Raghav
@ MASTER 80% of Last Rise ( 5860 to 5959 ) done at 5880 so if 3rd complete at 5959 & 4th is on or 5th done & new ABC correction is on , how to understand is kindly guide which wave we should prefer to count
hr lema now at 5899.5 , 21hr sma 5895.25, lets see whether we close beloe 21hr sma for this hr
Retrace of 5960 - 5880.Shorts can be initiated close to 5910NS or break below 5888 NS again. 5910 is the 38% retrace.
New Post Done.
SIR,TABLE update is requested.thanks and regards
sir ji,please tell us the guidelines for STOP LOSS.using ema/s or sma/s based on hourly or 5/2 mts.TT
DR Sir,pl guide us in selling bank niftyregards