Weekly channel support @ 5615-5625 zone below which there is a cluster support @ 5583-5605 zone.
Monthly channel support is around 5540-50.
Last Hour high-5665, earlier low of 5683 are the immediate resistances above which yesterday's intraday high of 5706 is the next resistance.
Look out for faster retracement of last rise from 5477 to 6229 in the next two days. If that happens, that would add to bearishness. If not, there could be, atleast, a short term counter rally from bulls.
..........................................................................................................................................
You have poured your heart out after making a lot of "Sincere efforts to conquer the markets" for some time. I respect your wishes and feelings and I wish you all the very best in your undertakings.
I would like to add here that
One need not make efforts in a forceful way.
One should never attempt to conquer the markets but follow it.
Our JNSAR method eliminates emotions and personal judgements out of the way and has been found to be quite good to capture all the big moves of the market and I have been updating it since Sept.09.
If you feel you have failed, it is definitely not because of any forces beyond your control but due to lack of application to apply your mind objectively. When your money is employed, it becomes quite difficult to remain objective. Besides seeing many making successful trades (and no one tells you about their losing trades), you tend to rush in but too late.
Know this in your heart that making money in the market is not a difficult task but winning consistently is...and that requires discipline..commitment..unwavering focus in following your chosen method.
I hope to interact with you whenever you are ready.
I would like to add here that
One need not make efforts in a forceful way.
One should never attempt to conquer the markets but follow it.
Our JNSAR method eliminates emotions and personal judgements out of the way and has been found to be quite good to capture all the big moves of the market and I have been updating it since Sept.09.
If you feel you have failed, it is definitely not because of any forces beyond your control but due to lack of application to apply your mind objectively. When your money is employed, it becomes quite difficult to remain objective. Besides seeing many making successful trades (and no one tells you about their losing trades), you tend to rush in but too late.
Know this in your heart that making money in the market is not a difficult task but winning consistently is...and that requires discipline..commitment..unwavering focus in following your chosen method.
I hope to interact with you whenever you are ready.
40 comments:
@ Ilango,
Sir you removed RED iii,
You mean still we are sub wave iii?
GM Ilangoji & all blogmates
Good morning, sir!.....my trade plan for the day seems to be in line
Nifty is moving down in a channel and support comes around 5570-80 area. where longs can be attempted with a sl around 5550...moreover wave v down of 3rd seems to end around this area from the highs of 5863. i hope i have got the wave counts right.
Good Morning Master & Friends
good morning all
Good Morning Ilango sir & all....
Good Morning Ilango Sir and Seniors & Friends
Good Morning Sir & Blogmates
Good Morning, Ilango Ji
sir ji,
Good morning,
pre-mkt plan: ns buy > 5683.7 sell < 5638
& nf buy > 5676.5 sell < 5631
good morning ilango sir and every one
Good Mng master and friends.
Master ilango and friends,
Good morning to all
Regards
☺☺
Again thanks Ilango Sir for all your help and advice....
Namaskaaram GuruJi and Brother & Sisters,
Good Morning.
Have a Good Day :)
R/Ilango Sir,Namaste n Namaskaar 2 all reader's.
Good Morning sir & friends
Namaste Ilango Sir and blog friends
LV
Good Mornig sir & friends
Camarilla Keylevels - Nifty Spot
H4@5716 ↑
H3@5686 ↓
L3@5626 ↑
L4@5596 ↓
*Individual Observation & Independent Decision Advised.
Namaste Ilango Sir and all,
Tata motors - chart
CLICK HERE Tata Motors
GM Master and Blogmates...
JNSAR has given back in one day 80 % of what wiped.
Gm
short stoploss now 200 points reduced from 5957 to 5755. EOD.
(Yesterday High).
Look for CAMARILLA LEVELS for trade today.
Good Morning Master, DR, SAM & Blogmates
SGX now trailing NF by 20 points
TataMotors Hour Chart
CLICK HERE Tata Motors Hour Chart
@ ilango sir, does this sound good/correct? is it the right way? first attempt..shall try to continue to learn now
6229-5936 wave 1 293 pts, 5936-6127 wave 2, 191 pts. 6127-5683 wave 3 444 pts, wave 4 5683-5863, 180 pts, will it take support at channel 5570-80 ? also, when wave 3 is largest(assuming), wave 5 = wave 1 so 5863-293=5570
IF BOUNCES, SHOULD NOT SURPASS WAVE 4 LOW OF 5683
Good morning !
Sir ILango ji charan vandan and everyone good morning
Good morning master and blogmates.
@JRJ
One observation.. many times H4 level on Cam falls in the ATR sell zone as per ND's system and vice versa. This is possibly due to methodology differences.
would you therefore consider ATR method as conservative and CAM as aggresive?
Good Morning Master & Blog-mates.
Trading Plan :-
Today's Support & Resistances :->
Support :- 5675-5615-5540-5465
Resistance:- 5705-5750-5780
Trend :- Down.
Strategy:-
Positional Buy Only above 5810.
Levels For Short Re-Entry Trade :- 5675-5645.
Happy disciplined trading to all!
Have a nice day!!
sbin near support zone of 1960-75..bounced off it 3-4 times in last many months
Good morning to all , yesterday close was exactly at the connecting trendline of 4760 & 5480, bolinger band indicating sharp reversal
Good Morning Sir & All Friends.
gm master , dr ji, julius sir n all
The gap down yesterday was something no one had control over. Jnsar traders who kept filter escaped. Those who went by closing levels took the brunt of the gap down. But after the market opened what did we do? Can we do bit of an introspection? Could the jnsar traders who did not take the short trade yesterday come out and give the reason for not doing so?
New Post Done.
@cooldent
I did not initiate short because the JNSAR SL was 100+ points. The train had already departed.
Risk reward was not making sense.
I am in learning phase. Kindly request the seniors to share their opinion on 100+ point SL.
Post a Comment