Nifty near its 61.8% of its last fall(5972 to 5683)-5862 and the cluster starting point of 5870.
For supports monitor the retrace of the last rise from 5683 to 5855 and "5777-5797" zone.
For Intraday traders, weakness below 5840 with minor supports @ 5811 & 5797.
------------------------------------------------------------------------------------------------------
If you are really committed to making 300+ points on an average, then forget about those sideways markets for they will get you glued to the screen.
How much of a sideways move possible & when they will end is time consuming & wasteful to apply our mind to it and hence choose on part booking on our positions and re-initiating the positions as long as the market is in its original trend.
JNSAR is one such option. You could combine them with +ve and -ve divergences of Hour charts for fine tuning.
The idea is to do less but make more for which patience and belief in our own study is important.
Indicator reading is to be done judiciously and only when it is required..mostly at the extreme points.
Do not attempt to look for a perfect system. There isn't any. The right approach is to weigh the risk-reward and plan a trade with your own parameters to be fulfilled to initiate a trade. Market never will leave you behind and run off as long as you play by the known technical studies and even if they do, one miss will not harm your wealth.
Last month was a pause month and still one could have made something out of trades provided they part booked and reversed the trades promptly.
There is a misconception that by the time we get all the signals to buy or sell, market would have run off far away. Our system should be made in such a way to reduce such large time gap and while doing so, some whipsaws may creep in which need to be managed with small stop losses.
In a year, if you can capture 6 to 8 large trades and manage the remaining trades with part booking and stop losses, you will get rich slowly.
To do well in the markets, be aware of your emotions and stay on top of them. Our emotions will teach us a lot if we stay conscious of them and not get carried away by them.
Be greedy when you are right and be fearful when you go against your own methods.
Learn before you start out to earn...
For supports monitor the retrace of the last rise from 5683 to 5855 and "5777-5797" zone.
For Intraday traders, weakness below 5840 with minor supports @ 5811 & 5797.
------------------------------------------------------------------------------------------------------
If you are really committed to making 300+ points on an average, then forget about those sideways markets for they will get you glued to the screen.
How much of a sideways move possible & when they will end is time consuming & wasteful to apply our mind to it and hence choose on part booking on our positions and re-initiating the positions as long as the market is in its original trend.
JNSAR is one such option. You could combine them with +ve and -ve divergences of Hour charts for fine tuning.
The idea is to do less but make more for which patience and belief in our own study is important.
Indicator reading is to be done judiciously and only when it is required..mostly at the extreme points.
Do not attempt to look for a perfect system. There isn't any. The right approach is to weigh the risk-reward and plan a trade with your own parameters to be fulfilled to initiate a trade. Market never will leave you behind and run off as long as you play by the known technical studies and even if they do, one miss will not harm your wealth.
Last month was a pause month and still one could have made something out of trades provided they part booked and reversed the trades promptly.
There is a misconception that by the time we get all the signals to buy or sell, market would have run off far away. Our system should be made in such a way to reduce such large time gap and while doing so, some whipsaws may creep in which need to be managed with small stop losses.
In a year, if you can capture 6 to 8 large trades and manage the remaining trades with part booking and stop losses, you will get rich slowly.
To do well in the markets, be aware of your emotions and stay on top of them. Our emotions will teach us a lot if we stay conscious of them and not get carried away by them.
Be greedy when you are right and be fearful when you go against your own methods.
Learn before you start out to earn...
35 comments:
GM Master & all blogmates.
Trade Plan for the day : Intiated long at the turn of JNSAR Y'day @ 5849 NS with SL close below 5825 NS - M S Rao
Namaste Ilango Sir and JN Family
Good Morning Sir & Blog-Mates,
Have a Happy and Prosperous Day.
H4@5897 ↑
H3@5873 ↓
L3@5827 ↑
L4@5803 ↓
*Personal Decision Advised- All Levels are Nifty Spot.
Good Morning, Ilango Ji
Good Mng Sir and friends.
Thanks a lot for guidance on various topics for study.
Good morning ilango sir and friends.
GM Ilangoji & all blogmates
Good Morning Master & Friends
Master ilango and friends,
Good morning to all
Regards
☺☺
Namaste Ilango Sir and blog friends
LV
Good Morning Sir & All Friends.
Sir ILango ji charan vandan and everyone good morning
Namaskaaram GuruJi and Brother & Sisters,
Good Morning.
Have a Good Day. :)
good morning master and friends
because of health problems of my wife n son I detached from market since last 6 -8 months but when I found some kollavery about JNSAR in yesterday EOD post, I like to comment from master's old write ups...
the day jnsar hit...i.e. yesterday 5849 -20= 5829..nifty also closed above today jnsar..
apply 20 point filter for next todays jnsar value...I.e. today sl will be 5825 -20 = 5805... and for tomorrow the same...
but mean time remember if u found loss in momentum from TT book one lot at 40 -50 points...there are lot of opportunity to reenter if this bounce convert in trending move...otherwise back to bears if JNSAR hit short..with same strategy. .
dear master please comment if u need some improvement in above system please...
thaks for all you are doing...god bless you.
and thanks to all my dear friends...DR..PS..NP...ND...SMO..SUJASIS..PARIMAL...RAJAPVT...and all whose name I forgot to write but all are safe in my heart..
gud mormning master and all frnds
"JAI SAI NATH'
@marina s rao, ur SL should be 5805. ie 20 point filter for first two dayes after jnsar trrigered.
good morning all
Namaste Dear Master and all friends
Have a nice day
ATR intraday trading range:
Buy range: 5784.22 to 5809.39
breakdown at: 5784
Sell range: 5893.30 to 5918.48
Brakout above: 5918
R/Ilango Sir,Namaste n Namaskaar 2 all reader's.
Nifty Spot
L3@5827 ↑
L4@5803 ↓
GM Everybody
hvt @ 5825 & 5828
gm master, julius sir n all
5815 to 5915 keep going nifty hope for best.
Good Morning Sandeepji,
Have a Profitable Day.
Hi JRJ, Long at 5827ns based on cam?
good morning sir and blogmates
NS stocks :Open High : 10, Open Low 2 :
Tata power, grasim, HDFc, hindalco, hdfc bank, TAmo, cairn, bhel, drd, bpcl, open high same
Coal, Sesa, Open low same.
In Sharekhan TT, if you go to the advanced options in one click filter, we can see the stocks which have open high /open low same
I have seen when NS open low / high is same, it works well, so though of looking at indicidual NS components
Today Nifty JNSAR and PV are same, price hovering at these numbers
GM Master & JN Family,
Came across a superlative article on self-motivation... sharing this with a hope that this sparks something in all of us
Early in my career, I auditioned for a part in a Broadway musical. A perfect role for me, I thought -- except for the fact that I can't sing.
So I’m in the wings, about to go on stage but the guy in front of me is singing like Pavarotti and I am just shrinking getting smaller and smaller…
So I come out with my little sheet music and it was Just My Imagination by the Temptations, that’s what I came up with.
So I hand it to the accompanist, and she looks at it and looks at me and looks at the director, so I start to sing and they’re not saying anything. I think I must be getting better, so I start getting into it.
But after the first verse, the director cuts me off: “Thank you. Thank you very much, you’ll be hearing from me.”
The next part of the audition is the acting part. I figure, I can’t sing, but I know I can act.
But the guy I was paired with to do the scene couldn’t be more overdramatic and over-the top.
Suffice to say, I didn’t get the part.
But here’s the thing: I didn’t quit. I didn’t fall back.
I walked out of there to prepare for the next audition, and the next audition, and the next one. I prayed and I prayed, but I continued to fail, and I failed, and I failed.
But it didn’t matter. Because you know what? You hang around a barbershop long enough -- sooner or later you will get a haircut.
You will catch a break.
Last year I did a play called Fences on Broadway and I won a Tony Award. And I didn’t have to sing for it, by the way.
And here’s the kicker -- it was at the Court Theatre, the same theatre where I failed that first audition 30 years prior.
The point is, every graduate here today has the training and the talent to succeed.
But do you have guts to fail?
-Excerpted from Denzel Washington's commencement address to the Class of 2011 at the University of Pennsylvania
@anmpatel,
wishing early recovery for ur wife and son
Anmpatel
my prayers for wellbeing of your beloved ones
all the best
New Post Done.
GM ANMPatel ji: Market is there everyday. Please take care of them.
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