@VKSONIcant find any -WW patternplz post ur observation so that can have another look at chartsinstead in intraday 2 min charts its contracting triangle making HL amd LHmay soon give breakout as apex of triangle is near 1.30pmmy guess it may break on upside towards 5601 -5605ns range
Sir ji, Nifty Futures are trading at 1.5/- premimum. Does that mean more selling pressure on Index futures? or Indecision situation ?
s4s, in intra chart pt 1 is 5588
Dear Sir, when we update the excel already 9D RSI is turning down and 14H RSI has turned down. IS this anyway significant or we just have to wait for it to close below DLEMA for shorting. If possible kindly suggest
@ sriramIntra candles forming a Beautiful Symm??????targets pls
Below 5574, Nifty looks weak. Above 5585 it may move up.Support may be at 5545
Camarilla Update : Nifty SpotCMP@5555 can be considered as part Booking levelfor H3 SELL. TSL to Breakeven.
@VKSONIcant see any -WW pattern as after 5588ns it didnt made a higher high
today gap closed
It looks like small abc done.
@ Ashwin:Tgt was 34EMA,30m i.e 5551.. almost done, now if this level holds & it retrades > Static 5DEMA (5559) it can attempt another rise to finish a bull flagsustaining below 5551, will invite bears ...
addn in 5600ce and pe is nearly samestrong addition in 5500 and 5400pebulls may hope for a recovery
GA Master, Bought nifty at 5550
Nifty premium has gone. it under 1 -2 points discount.
@shriram..thanks a lot .... targets achieved.
O.I in 5600pe increasing with fall in niftyare they writing 5600pe and fall was to make prem value increase????
yes Ashwin.. keep track on these EMAs now@ s4s: while spotting WWs , pt 1 has to start anywhere with-in the pattern / wave or can be placed from outside the current wave also pls ?
Dear Master,Why we are not tracking the rise from 5447 to 5610 for retracements?Regards,Rahul
Sorry, I meant rise from 5477 to 5610. 50% done @5543. Should we consider weakness beow 5543 and it will break 5477?Please guide.Thank you.
55% of 30min Bar = 5570Above this level nifty may give yesterday like reversal.Just posted one of the WRB rules,do not distracted by my msg.Stick to your trades.
@Ilangoas per premarket conservative table, you have suggested a buy at 5535-5550....given that at these levels we would be trading near DLEMA and below the 21hr/34 hr sma, why would we be buying?I am confused
More volume is seen when price is in downside which resembles the selling pressure.Any of u see Nifty closing at 5504 if support at 5545 breaks down?
small 5 wave done @5543 ?
Sir ji......nifty is towards 5535....according to ur view...thx...
Nifty, after being resisted @ 5587-12th JNSAR, entering into the "Buy zone" of 5535-50 (Equals to 5542-27-50%-61.8% of the rise from 5477 to 5607).
Good afternoon Master : tomorrow INFY results any inputs ..thanking you..
Shriram AND Stock4sure,Usually WW (bullish-bearish)4th touches pivot(daily-weekly)... does that fit into the scenario ? check Rgds,Navnit
@IlangoIn view of the above observation, why is that the buying zone, given that we are in a downtrend...am unable to grasp this concept
nifty & nifty future values are almost same today. Is there any significance ? Yesterday nifty future was almost 20 pts higher. If someone can explain.
@ Ilango (Equals to 5542-27-50%-61.8% of the rise from 5477 to 5607).What is the 5474 we saw yesterday in this rally ?
@ Indus,Ilango said...@ Nitin Kadam,BUying at appropriate levels would make the trade viable with a very small SL.It is to be taken as a bounce for the fall of 5755-5477.61.8% comes @ 5649 which is a resell area.Under the above situation, one should hold on to shorts and add around that zone. Buying level, if emerges around mid session, may be considered with strict SL and EOD prices must close above 5561(DEma.)==========================================If you can bear to see a rise from 5477 to 5649 and hold your shorts, you may ignore the intraday swings.Most of our comments during intraday is aimed at understanding the market swings and capitalise on it such as:Selling at open;Buying @ 5569-61.8% retrace of last rise from 5546 to 5607;Selling @ 5587-WLEma/MLEma/ 12th JNSARBuying @ 5535-50 zone.
@ Navnnit:"Usually WW (bullish-bearish)4th touches pivot(daily-weekly)..." will need to check this obsv, before analysing further. will come back after a few days of obsv
@AbhiWhen there is a sentiment that the nifty may go up then people will show interest in buying. As interest in buying increases price may go up which will result in pay more premium for Nifty futures than Nifty value. When profit booking is in place it may be more or less flat with nifty which happened from morning today.trading 2 to 5/- premium.When there is a view on nifty slip to lower levels then future selling happens which results in Nifty future trades in discount. Hope this gives an idea. Experts & Gurus, please correct me if I'm wrong.
Weak below "5552-55".
@Ilango,Sir ji, could you please give such levels to SBI as given for Nifty with buy zone?
Premiums & discounts of NF will never help you. Just ignore it.Follow your own studies; that discounts all the "reasons".
@ Anandha,Presently, I could just barely manage "Nifty".
Thanks Sir.Thanks Anandha.
Nifty may not move much from current levels. Trading is very flat.Stick to JNSAR with out any temptation or disturbance. Range bound session for another possible.
after hitting sl of longs are they moving to hit sl of shorts
sirif 5587 triggered than sir its jnsar buy or wait for 5650?
Camarilla Update : Nifty SpotTSL exit for H3.Next levels Can be consideredif price reached 5596.50 [mid of h4&h3]then scenario#2
nowadays most of the times Korean news is planted to make markets falljabki korea kospi green mai tradekarta haiseems missiles are directed towards nse/bse only
divya,I am not very experienced/successful trader.But I can advise you one thing. You are mixing up two things. JNSAR & Conservative trade. If you have that much capital, you can trade both. But dont mix. Every trade has its own merits. 1. Above 5587, according to JNSAR , its buy.2. As Sir mentioned - "If you can bear to see a rise from 5477 to 5649 and hold your shorts, you may ignore the intraday swings."
ns if > 5578 ,thenlikely to c 5596/5610
@abhi sir,thanks .....learned soemthing ....
VIX is contra for this rise..longs should be careful?
@Divya Thakorji,Important JN Links:http://www.4shared.com/office/lV2nOh8f/Must_Read_Articles.html
VIX might rise due to INFY results coming tomm, creating lots of straddles in INFY and NIFTY.
55% WRB reversal strategy worked today also.
Intra Bull Flag Brkout ??if ys, py. tgts 5575+55 = 5630
New Post Done.
Bank nifty on the verge of falling wage breakout
@JR. JULIUSwhat is 55%WRB?PLEASE.adv,,tks..
JAY Shriram !!!!