Wednesday, May 8, 2013

Nifty Intraday Update-I



79 comments:

Raghavendra said...

@ Shri Ram & @ Ding a Dong,

Let me look at my databases...will follow up during the day on this request.

Raghavendra

shriram said...

@ Ding a Dong:

The maths suggests , that X-over of MAs does not have 1:1 co-relation with Trend reversal.

Trend Reversal needs 3 things:
1. OTM OI Addition to extinguish the TREND
2. Prev. RES / and or TL / Fibbo Exten. RES zone
3. hiFreQ osicll vibration

Simple Low-FreQ Filter (MA) x-over is not 100% as a signal

Ilango said...

Fibo.table is updated tentatively.

Weakness would be below Day's low "aggressively".

Ding A Dong said...

shriram can please co relate the points to present numbers for a better understanding of points.

thanks in advance.

J.R.Julius said...

Good Morning Sir & Blog-mates,
Magic Numbers for trading don’t exist, but a trader who can follow the trend using relevant numbers can do Magic.

Camarilla Keylevels - Nifty Spot
H4@6081 ↑
H3@6062 ↓
L3@6025 ↑
L4@6006 ↓

By watching Camarilla levels, You will start to Notice the Market in a new perspective. It is not a Holy Grail, But a Map.

Scenario#2
H4@6081 ↑
H3@6062 ↓
Backtest Rules - 20pts SL - Partbook 1:1 - Remaining TSL using TL/MA

Raghavendra said...
This comment has been removed by the author.
shriram said...

@ Ding a Dong:

Currently observing LT

1. OTM CE OI build up @ 1600 strike hints @ conc. writing
2. Mnth TA TL RES from 1720 top now in 1595-97 spot
3. St. MnHiEMA @ 1585
4. On Day TA the oscillator is hinting that price is OB

Put 2-2 together , we get a Hi-prob SHORT SET UP in L&T , SL: EOD basis close > 1595

Lets c, rgds

Jitendra Mishra said...

respected sie u labeled r1 as 6068 and market made hg of 6070 ad returned three times from that level is there anything to learn from is the market showing resistance ad will go down for today

shriram said...

@ Raghavendra:

Am querying about the situation after the REVERSAL from 4531 & 4770... when did +Ve X-over happen on Day TA between DayJNSAR & 10DEMA ??

Did market reverse in 2 days after the Bull x-over ?

JN-Follower said...

Suprabhatam Master Ilango and all JN friends,

This is my first post on the blog. I am following the blog for past few days and intend to take JNSAR trades whenever it gets triggered.

Jitendra Mishra said...

respected sir sorry for typing error of sie insted of sir

STOCK4SURE said...

a small contracting triangle pattern developing in ns 2 min charts in

6055-6065 range

break may give 20 pt either side

cmp 6060ns

Raghavendra said...

@ Shri Ram & Ding a DOng

Here you go...could nt resist to post it early.

J10SAR data : From 19th Dec to 22nd Dec 2011

Date J10SAR
19-Dec-11 4,772
20-Dec-11 4,730
21-Dec-11 4,723
22-Dec-11 4,725

JNSAR data : From 19th Dec to 22nd Dec 2011

Date JNSAR
19-Dec-11 4,833
20-Dec-11 4,795
21-Dec-11 4,766
22-Dec-11 4,721

Nifty made a low on 20th December @ 4531 and JNSAR cross over to J10SAR on downside happened on 22nd December ( +2 days with the limits ).

Observation on Nifty low @ 4770 in May 2012 and confirmation on J10SAR to JNSAR cross on downside happened on June 6th (Actual low on June 4th @ 4770). You can check the blogs archive.

Raghavendra

vksoni said...

+ ww in 2 min intra chart tgt 6095 approx

Raghavendra said...

@ Shri Ram,

I couldn't fully understand the questions.

What is Bull Cross over you are referring to ?

Raghavendra

Ding A Dong said...

Thank you shriram.

shriram said...

@ Raghavendra:

Bull x-over : when day JNSAR > 10DEMA

Bear x-over : when day JNSAR < 10DEMA

Ilango said...

@ Jitendra Mishra,

Since market did more than R3 yesterday, for today @ R1, the day trader could attempt "selling". The trade's efficiency should get confirmed with a break of day's low soon enough. If not, the trade could go wrong in which case the SL should get tightened.

STOCK4SURE said...

6053.75 cmp of nifty
which is 55ema in 2 min charts
may expect some bounce again

STOCK4SURE said...

vksoni said...
+ ww in 2 min intra chart tgt 6095 approx

cant see it
plz help

Raghavendra said...

@ Shri Ram,

I generally relate it to intermediate wave on EW labelling by Ilango sir.

Bull cross over observed @ 4531 (Dec 2011) , 4789 (May 2012), 4770 (June 2012), 5216 (Sep 2012) , 5623 (Nov 2012) .

Bear cross over observed @ 5449 ( Aug 2012 ), 5815 ( Oct 2012 ) , 6041 ( Jan 2013) etc.

Will add more by end of day.

Raghavendra

shriram said...

@ Raghavendra:

Specifically, can u tell the dates when, Day JNSAR came up from below and closed > 10DEMA , on these 2 occassions:

1. after making low of 4531 ?
2. after making low of 4770 ?

Did market again FALL within 2 days of these dates?

vksoni said...

@ s4s
pt 1 6049
pt2 6070
pt 3 6053
pt 4 6067

Parminder said...

Orb broken on the Downside

Jitendra Mishra said...

respected llango sir thank you for guiding me on the path of learning sir

vksoni said...

pt 5 may be 6046 done

gauresh59 said...

Namasthe ilango sir and friends,

Today's quote received :

Sometimes We Need To be.
Hurt- In Order To Grow
Fail- In Order To Know
Lose- In Order To Gain
SOme Lessons Are Learned Best Through Pain

Jay Mataji said...

ORB broken downside ,may be 'v' clear in morning
with u parminder

gauresh59 said...

Watch this :

http://www.youtube.com/watch?v=8oWHYFhd2QU

satheesh said...

Namste Ilango Sir and all,

Bullish bat pattern in the making. Crossing decisively above 6112 - it would be relabled as an ABCD pattern in Month charts.

CLICK HERE Nifty Month chart
CLICK HERE NIFTY WEEK CHART

STOCK4SURE said...

@vksoni

that pattern is contracting triangle

now possibility of a +ww developing

6049-6070-6045(done)-----6058-6040-6070 pending

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6031, S1-6005, R1-6077, ATP-6060, VWAP-6060

6000PE writers are on a roll, but will they be able to sustain till EOD, some addition seen at 6000 and above CE levels. Base building on around 5900 Level…

Thanks & Regards

STOCK4SURE said...

6058 (pt4) of +Ww also done

probably now ns may trade in tight range for some time be4 making a lower low near 6040ns
cmp 6051ns

suresh said...

P=Positive
A=Attitude
I=In
N=Negative situations
defination of PAIN

Parminder said...

Hourly trendline broken from the lows of 5500

Parimal said...

today correction looks like a falling wedge

rajapvt said...

Master, sent a mail, please check at your convenient time.

Jay Mataji said...

Breaking of 6033 fast fall

STOCK4SURE said...

6038ns
a lower low also done but came faster than expected

now may move towards 6065-70 range again

Parimal said...

a negative crossover of 21hrsma and 34hrsma is about to occur

Parimal said...

Dinesh Rishi
it is FW in 5mnts chart

J.R.Julius said...

Camarilla Update : Nifty Spot
H3[SELL]@6062 reached profit booking level@6042
and remaining TSL to breakeven & maintain.

chetas said...

Good Afternoon master & dear friends :

NF profile values : (http://marketpulse-snp.blogspot.in/)

Day:

VAH: 6049 POC : 6028 VAl : 6007

Weekly VAH : 6023.

Now NF below PDH 6057, and below PDC 6050.5

Now daily POC and weekly VAH is the next support.


Hi julius how are you !!1

Amol Sharma said...

6070 top form now downside. who is with me SL 6113.

arvindkering said...

Sriramji,
Namaskar ani Dhanyawad. LT cha analysis ekdam baro bar ahe. me warcha bhavat short kela ahe SL as you have mentioned.

STOCK4SURE said...

today also ns may trade in 78pts intraday

considering if lows made at 6034 then 6034=78=6112 may be trgt

if high is made at 6070 then 6070-78=5992 may be trgt

Raghavendra said...

@ Shri Ram,

- - - - - - - - - - - -
Specifically, can u tell the dates when, Day JNSAR came up from below and closed > 10DEMA , on these 2 occassions:

1. after making low of 4531 ?
2. after making low of 4770 ?

- - - - - - - - - - - -

Its the other way round. Day JNSAR closed below J10SAR to identify the bull cross over.

Dec 20th Nifty made a low @ 4531 and J10SAR was 4730 and Day JNSAR was 4795.

On Dec 22nd JNSAR was 4721 while J10SAR was 4725 . This identifies that "low" is made.

Similarly :

on June 4th Nifty made a low @4770 and J10SAR was 4907 and Day JNSAR was 4934.

On June 6th JNSAR was 4914 while J10SAR was 4917. This identifies that "low" is made.

Post this occurence...there was not a bear cross over ( JNSAR going above J10SAR in an uptrend) til June 18th level of 5055.

Raghavendra

STOCK4SURE said...

in last 2 days largest correction had been of 40 points

nifty had done 36 this time

J.R.Julius said...

@Chetas,
fine & you? nice to see u again with profile.
now@POC.

J.R.Julius said...

Camarilla Update : Nifty Spot
L3 Reached. Price Action Should be Watched.

shriram said...

@ Raghavendra:

Ok, very good. So, as per obsv. 10DEMA is a faster MA than Day JNSAR.

If so, if the 10DEMA gave a Bull -xover wrt DayJNSAR on 6th June'12, did market REVERSE DOWN after 2 days i.e 8th June'12??



chetas said...

@Julius,

Very good, nice to be back after a break.

bounced from WVAH/ POC

Amol Sharma said...

in downside 6011-01 levels .

sandeep bhoite said...

@Master,
80% 6025 protected so far , can we make re entry to buy here , or wait for any support area ?

or sell on rise would be new signal?

STOCK4SURE said...

6040 is confluence of 21ema and 55ema in 5 min charts
may give res to nifty upmove
abv it bulls will gain strength

Ding A Dong said...

@master & seniors of JN

I went long with 2 lots at 5860 based on DJNSAR.
Booked 1 lot at 6050 today.
Present DJNSAR is @ 5945

how to manage the trade?
105 points profit is there on 1 lot.

sumit singhal said...

White metal on MCX for July delivery focuses to again gain a past movement on domestic market, today MCX silver open bit positive at 44882 it last close is Rs 44861.
commodity tips

intraday commodity tips

Ding A Dong said...

105 points gap btw DJNSAR and LTP NF

Ding A Dong said...

how to make this blog to get auto refresh?

Kiran said...

Ding A Dong,
If you are using Chrome, Search for "ChromeReload extension".

discipline focus said...

@Ding A Dong

Partial booking, re-entry is a great thing for any mechanical system.

I will tackle the question in two parts with my limited knwldg and experience.

1) Partial booking- Once a JN.SAR trade moves in your favor, you can either book at any arbitrary gain of 50/100/200 points, which you decide or you can book at places where you find resistance/support in uptrending/downtrending market respectively, depending on your Technical skills or inidcators you follow


2)Re-entry- this is the tricky part, it depends on your knowledge of technicals, whether you are novice or a pro and can adequately figure out the least risk entries. In any case master continuously updates us about his views and that too for 'aggressive' and 'cautious' entries. which helps. If you are a pro, you can use your own skills

If you are a novice, you can just book 1 lot and carry other lot till JNSAR is breached, hence making profits, being safe and riding the trend

In the end master can tell you better, and he has continiously guided on booking/re-entries on day-to-day basis
regards
Discipline
Discipline

Ding A Dong said...

@master & seniors of JN

I went long with 2 lots at 5860 based on DJNSAR.
Booked 1 lot at 6050 today.
Present DJNSAR is @ 5945

how to manage the trade?
115 point difference between DJNSAR & LTP

shriram said...

--> back

Beautiful Bull Flag on NS 30mins, holding days low, shud tgt 6080-6.1K NS in next 6-8 30min bars

Ding A Dong said...

@Discipline

thanks for help.

presently flowing "book 1 lot and carry other lot till JNSAR is breached"

Raghavendra said...

@ Shri Ram,

- - - - - - - - - - - - - - - - - - - -
Ok, very good. So, as per obsv. 10DEMA is a faster MA than Day JNSAR.

If so, if the 10DEMA gave a Bull -xover wrt DayJNSAR on 6th June'12, did market REVERSE DOWN after 2 days i.e 8th June'12??
- - - - - - - - - - - - - - - - - - - -

Yes, Indeed J10SAR is indeed the faster MA wrt to JNSAR. Typically, during a trend reversal...when evern JNSAR goes above or below J10SAR...JNSAR stalls..for 2 to 3 days at the same level.. This allows the J10SAR to lead the trend.

June 8th J10SAR was at 4964, while JNSAR was at 4908. Hence the JNSAR lag.

As i mentioned above, there was no Bear cross over till June 18th....Market moved up from June 6th till June 17th and then stalled. This allowed JNSAR to upside cross over on J10SAR.

Other way to look thru is JNSAR helps us to minimze the losses ( Stop loss adjustments depending on trend ).

Raghavendra

Navnnit said...

S4S, Shriram,

Around 500 pnts triangle to be broken on BN... around 1.30 pm ... at 12600 .. .so either 13100 or 12100 by next week...

Do you see that triangle ?

Rgds.

Navnit

shriram said...

@ Raghavendra:

10DEMA has a lag of 4 days (n-1/2), wrt Day Candle close price.

What is the corresp. lag of DayJNSAR wrt Day Candle Close ?

Only, then ur obsv, can be vetted

Close price MAs r for trailing .. not meant for Reversals , is the pt trying to be driven.

use SAR for trail not for Entry trigger

Ding A Dong said...

master request for an update II

Ding A Dong said...

@shriram

you said SAR for trail not for Entry trigger

so please look in to my query for some answers

thanks

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-6031, S1-6005, R1-6077, ATP-6052, VWAP-6052

Though the 6000PE writers covered a few from the morning, but still has the edge with OI at 5900 above 72.5 lacs, staying above 6023 NF is postive…

Thanks & Regards

The_Unprejudiced_Observer said...

@ Raghavendra

Would you say that this in itself can be a good, mechanical positional trading system?
Have you tested this for BankNifty also where we have JNSAR & J10SAR available?

Ilango said...

New Post Done.

shriram said...

@ Ding a Dong:
Tell me the "FILTER TRANSFER FUNCTION" / eq. for "k" of JNSAR , and i can asnwer ur query .

From a DSP perspective:
In general, MAs r Low-freQ pass Filters, then should be used to TRAIL TREND (which is a slowly oscillating signal)

NEW TREND emerges after a period of HiFreQ Noise / whipsaws, which we commonly call CONSOLIDATION (EW terminology is 3wave ABC)

ENTRY --> Hi-prob ENTRY is best when based on Osicll OB/ OS , higher T/f Res -support (TL / fibbo)& OTM OI behaviour !

Guru said...

Wow looks the data below:-

Advances - 627 Declines - 622

suresh said...

can ns c 6080+

Ding A Dong said...

@kiran

Thanks for support. its working for me.

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