Monday, July 8, 2013

Nifty Intraday Update-II


rajiv malik said...

good afternoon ilango ji and friends-
arz kiya hai-

हम अंधेरे में चरागों को जला देते हैं हम पे इल्ज़ाम है हम आग लगा देते हैं !

Tushar said...

Hello Sir/Seniors, Anybody can explain in detail about Dollar/INR value impact on India? I mean to say why market goes down when Dollar appreciate?
How FIIs invest in India market?

Prabhanshu said...
This comment has been removed by the author.
Prabhanshu said...

Today JNSAR - 5797

Tomorrow JNSAR - 5808

Current Position - Short at 5797, SL 5817 --> After SL hit, reverse the position i.e. take Long position.

Scenarios at Market Closure:

1. Nifty close < 5797 --> Short Position continues

2. 5797 Short Position continues

3. Nifty Close > 5817 --> SAR and take Long Position at 5817, SL 5788 (Tomorrow JNSAR - 20)??

Pradeep said...

@ Prabhanshu -

Keep Posting your View Will help us to Understand the Tables as well .

appropriate your help !

Guru - Trading Nirvana said...

Master 2/3/4 july repeat pola irukku..

RainMaker said...

Tushar said...

Hello Sir/Seniors, Anybody can explain in detail about Dollar/INR value impact on India?

That calls for a long discussion. Not encouraged during trading hours.

In simple words when FII brings money into India, Rupee appreciates and when FII take money out Rupee falls.

J.R.Julius said...

I would like to appricite you
for your posts in here regarding JNSAR hit &
handling. It will be benefit for most of
the new comers and also make regular
readers to stick to their trade plan with
strong mind & discipline.

*Please continue your valuable contribution.

Prabhanshu said...

Hi JRJ and Pradeep, thanks for kind words. I am also a beginner and posting my thoughts what I have learnt here.

J.R.Julius said...

Extended/Modified Camarilla Update
XL3@5825 ↑
XL4@5805 ↓

*Decide after confirmation with Trendline & Candle Patterns in Smaller T/F. Personal Decision Advised.

Guru - Trading Nirvana said...

If market closes in between 5797-5817 scenario ---

short position continues, but hedge it with CE to minimize the loss, if there is GAP UP opening tom...

Tushar said...

Thanks RainMaker. Indeed its a vast topic. If you can help me with some links regarding this topic after Market hours, it will be helpful..

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-5879, S2-5833, S3-5787, ATP-5795, VWAP-5795

The PE writers are crawling back, whereas the 5800CE writers are still holding on, downside risk diminishing a bit, but still not out of the woods…

Thanks & Regards

Nitin Kadam said...

Trade Plan Update :

Nifty Spot @Short level 5810.

Time To Follow & Execute Plan.

Short Taken @ NF-5820 |NS-5812

Stop-Loss : 5840 NF.

Ilango said...

How many were able to understand the "Pre-Mkt View" and able to execute trades based on them????

Nifty Pre-Market View.

Treacherous "B" has had 3 gap up/ downs already.

Below "5828-44", next supports are @ 5760-80.
(Nifty broke 5828 @ Open & made a low @ 5776)

Immediate resistances are 5888-95.

We left the "iv"th wave completion @ 5904 or 5900 deliberately considering technical reasons at that time but the technical which has emerged now suggests to revisit that possibility.

Hence, the "v"th down possibility increases below 5760 (approx).
(For "vth wave possibility, 5760 should be decisively broken and that becomes SL for any Longs attempted based on "B" wave completion)

deepak pinto said...

Nifty seems to be jumping out of triangle. Looks like c of b of B is over at 75.
Selling close to 48 dhema looks favourable rr ratio wise.

Ding A Dong said...

Hello Friends,
My Nifty Intraday Trade Plan @ 08.07.2013

VWAP @ 01.05PM - 5796

Buy @ or Above – 5815
Buying Stop Loss – 5795
Buy Target 1 – 5830
Buy Target 2 – 5849
Buy Target 3 – 5868
Buy Target 4 – 5887

NO TRADE ZONE – 5795 to 5814

Sell @ or Bellow – 5794
Selling Stop Loss – 5814
Sell Target 1 – 5779
Sell Target 2 – 5760
Sell Target 3 – 5741
Sell Target 4 – 5722

Based on Nifty Spot Values.
Buying with up trend and selling with down trend at 2min chart.
Trading with 2 Lots as 1st lot for partial booking & Trailing Stop for rest.
Closing the trades based on Targets, SL or EOD, which ever comes first.
No Options trading based on above table!

Happy trading!!

RainMaker said...

@ Tushar
If you spend sometime on Firstpost's Economy section you will find many articles on USD / INR / FII and their Impact on the Indian Economy


It would be a bit diffcult to suggest any specific article.

CDG said...

Dear Ilango,
Thanks to you i took a buy at 5780(considering a probability of B finishing as a flat)
At what closing point (after EOD) will you consider the possibility of B finishing(confirmation point) and C starting?

Mukesh Honest said...

Shri I Lango ji, apka arth hai ki jnsar short thi fir b hum log buy karte ?? Nuksaan ho jaye ye to theek hai par hum to iska matlab galat trading kar gaye short karke? Comment chaap dijiye, delete na mariyega pls..

SJkolkata said...

agar aap kewal Jnsar ko dekh kar trade karte ho, to apne jo kiya wo sahi kiya. 20 pnt ke filter se aapka stop loss 5817 hona chahiye par abhi tak nifty ne 5716 ka hi high kiya hai.
agar 5716 cross kare to bina dare apne trade ko long me convert kar lijiyega.

monil joshi said...

today market can recover morning loss because of broadly higher opening by European market which open above more than 1% today..... get whole market updates click on INDIAN STOCK MARKET and FREE STOCK TIPS

mmarketman said...

@ Mukesh Honest...
don't criticise....and no question........!!!!!!!!!!

SJkolkata said...

Dear all,
Dont worry about Jnsar whipsaws.
We at Jn treat it as God but I have felt its feminine and actually is Goddess and takes Bali. The More the whipsaw and blood she has, the more happy she is to give a big profit.
So happily give her blood.

Mukesh Honest said...

Sriman mmarketman ji,

aap baat ki disha badal rahe hain, mai sirf apne prashn ka uttar chahta tha aur wo sjkolkata ji ne de diya hai. iska arth hai abhi jnsar to short hi hai na sjkolkata ji?

mmarketman said...

only that trade is correct where market behaved......and only that trade will be projected......other trade ...BIG failure tool here at all....

SJkolkata said...

For a hardcore JNsar Follower the answer is "YES" with reverse above 5817.
Twice it has resisted at 5816.

leon said...

Anyone trading based on the ATR signals. Offlate on observing ND Sir's website, I see the breakdown being removed even though breakdown was confirmed on the site. Are there some rules to be followed for such breakdown confirmation and reversal after that?

J.R.Julius said...
This comment has been removed by the author.
SJkolkata said...

If I am correct ND sir have made his site automated which takes the LTP feed from Google, so the moment the LTP comes above the breakdown price the site reflects the original plan for the day.

D.S.SASAN said...

Mukesh honest ji ... aap ki sahi disha achhi lagi.

Amol Sharma said...
This comment has been removed by the author.
Piyush Sharda said...

@amol sharma

i think there was an instruction from sir about not
interacting with someone

Piyush Sharda said...

@julius pls check mail

sarvesh said...

jnsar hits second time a day, is something big in pocket

Atharva said...

Master : any view in particularly ew counts on 2 tf ?? Thanking you

Amol Sharma said...

below it nifty spot 5791 days low ema. this will be good number to watch out.

J.R.Julius said...

@Mr.Piyush Sharda,

rajan said...

whenever markets whipsaws near jnsar,jaiho and critizizm begins,why?learn to trade from tech table,apply your wisdom and trade at your own risks,markets are nobodys slaves,follow your trades and markets with optimum attention,otherwise sit on sidelines and enjoy.regards to all.

Mukesh Honest said...

Shri D S SASAN ji, dhanyawaad...mmarketman ji jab kabhi I Lango ji baat ko jalebi ki tarah gol gol ghumaate hain tab hum sab samajh jaate hain par mai kabhi isliye nahi bolta kyonki wo samaaj ke liye ek achcha kaam kar rahe hain par aap to humesha par-ninda me lage rahte hain..kabhi unke kisi kaam ki taareef bhi to kijiye ya apko unke kaam me koi achchai dikhti hi nahi??

leon said...

SJKolkata Ji

Thanks for your comment. If it is automated, then should we consider that the breakdown is active?

Sujatha said...

shhhhhhhh appaaaaaaaaaa - what a skin???

but how come my morning post "disappeared" spam baba on the "job"??

Sujatha said...

sir - updation ps. tks n advance

Amol Sharma said...

huge premium in nifty now.


yes shaking the weak booty,s lolz during whipsaw stay put guys :)

Sonu said...

JNSAR SL hit. Reversing the trade to long now

sarvesh said...

testing times, its hard emotionally


train urself as jnsar robot no emotions easier said than done :) lolz

D.S.SASAN said...

Mukesh Honest Ji : I am devoted to the theories of this blog only. I never tried to criticised anybody and am a peace loving.


i hear the ed sekyota whipsaw song when in whipsaw mode and be cheerful again

Kumar said...



Please check the following link


sarvesh said...

jnsar traders , please update on trade
i am still short, shall update at 3.30 or when reverse, whichever is earlier

sarvesh said...

reason is no 5 minutes candle above sl

mmarketman said...

@ Sujata......remember no short @ L3 in Camrilla..but long......

J.R.Julius said...

@Kumar ji,
Nice one.
One who can control breath
can control his Mind.

SJkolkata said...

Have cut Jnsar short and reversed on this move.
Traditionally proved right, 3 times lucky but it always breaks on the 4th time.

sarvesh said...

sl hits furiously,,

shriram said...

--> back

For EW folk one more possiblity,
the move down from 5904 may be developing as an Ascending Trig.

a 5904 5761 -143
b 5761 5900 139 -97.2%
c 5900 5776 -124 86.7% * done ?

d 5776 5901 125 90.0% * inplay ?

keep eyes open near 5900 NS for this one to reverse down

anmpatel said...

jnsar long sl. 5788 any dispute now? anrbody?

mmarketman said...

@ Mukesh Honest....I never criticized Ilango personally....whenever I raise an issue...there is sentence that this is with academic interest only....

Jitendra Mishra said...

dear sir shreeram ji as u said on friday the TA as EOW now, suggests the same.. 100-200 pts up possible

Wk is maintained up 2nd EOW again ) but sir today market took an opposite direction now how u feel what would hv went wrong while reding the technicals on friday i m asking this just for knowledge purpose which can help me in future sir i m sorry if i m asking something wrong pls guide

Nitin Kadam said...

Trade Plan Update :

STOPLOSS TRIGGER @NF 5840 (5820-5840 = -20 Points )

sarvesh said...

sir, please update TT

shriram said...

@ Jitendra

@ last week, EOW close was > 5WkEMA.. & hence Wk TREND was up (or Buy on Dips view to be precise)

My feeling is as long as 5776-61 zone is protected on NS, we may get 5900 & higher, hence the view was 100-200 pts up on Wk TA

Where we ENTER Longs (pt of Trigger) though is a totally different story !

Nilesh Patil said...

jo vada kiya who nibhana padega

anmpatel said...

no talk since long
I came late
kya wada kiya hai sis ne?

Mukesh Honest said...

mmarketman ji, apki baato me dum hota hai par bura na mano maine apko humesha ninda karte hi dekha hai..aap jaante honge ki mai seedhi sachchi baat kah deta hun..

Kiran said...

ilango said : stop interacting with "intruders".

Amol Sharma said...

Still now Day candle looks like hammer recovery from day support taken at 5775.

Sujatha said...

Nilesh ji - mein kya kiya?? :P bhool gaya..pls. mail me

OK..friends - lot of if and buts as master is "mute" - here is the choice - put "inky pinky ponkey and select: "one" easy way ha ha ha :D:)

relax -
A new teacher was trying to make use of her psychology courses. She started her class by saying, “Everyone who thinks they're stupid, stand up!”

After a few seconds, Little Larry stood up. The teacher said, “Do you think you're stupid, Larry?”

“No, ma'am, but I hate to see you standing there all by yourself!”

sarvesh said...

a real tough day, today!

J.R.Julius said...

BYE EVERYONE...........................

Jitendra Mishra said...

dear shreeram sir thanks for devoting ur precious time to ans my doubt sir mostly in market time i follow u ad llango sir try to understang what u both say ,sir what is significance of 5776-61 is it because of low of the wk number or fibo retracement number or something else pls guide thanks

Kumar said...

@ Julius Ji,

Was busy with shorttt term intra dirty trade.

Yes Ji. 1000% correct. If we control our breath then we can do more magic.

shriram said...

@ Jeetendra:

Even i follow Ilango ji's comments only :-)

Anyways, jokes aside.. 5761-76 are Days swing lows & also the 38.2% of the rise 5566-5904

See now today how 5DEMA has RESISTED @ 5828, but if NS can close > 5DLOEMA, bulls may show a bounce tomo, rgds

anmpatel said...

can anybody tell me 21 and 34 hr ema?
thanks in advance...

shriram said...

Ilango ji,

Another alt for u,

Fall from 5900 seems a simple 5wave "c" ?

4th in play today & a small fall tomo to finish C.v near 5760 sir ??

NI3 said...

@ Shree ram ji
where is this no 5DLOEMA ?

Sujatha said...

reminder - simple rule by dear DR-ji & shriram ji

mkt is going to close below today's OPEN and gng to close below 5 EMA

NI3 said...

Thanks Sujata maam

Jitendra Mishra said...

shreeram ji thanks for ur explanation for me llango sir ad u r god of market this blog is god gift for those who want to learn in market thanks sir

krishna said...


21hr -5833

shriram said...

@ Suja: true, but nature of todays fall not impulsive yet on Higher Degree.. ideally impulsing waves wud show consistent closes < DLoEMA

@ NI3 : 5791

leon said...

Posting the reply from ND Sir regarding my query on ATR for benefit of all:

It is also written on the site, that this study " advises the above method to be used in conjuction with other trend identification tools like ADX RSI MAs etc."

If the EMAs are not trending down and the ADX is not strengthening, then there may be false break outs or break downs.

In such cases, the Nifty should not re-enter the trading range and this should act as your stop loss. Or one can maintain a standard stop loss of 20 to 30 points.


shriram said...

Master : EW guidance pl , closing comments any ??

anmpatel said...

thanks all...
nifty going to close below all imp avg..may close above tom jnsar...when in doubt stay LIGHT...or...OUT.

Prabhanshu said...

Today JNSAR - 5797

Tomorrow JNSAR - 5808

Shorted at 5797, SL at 5817, SL Hit, reversed the trade to long with SL 5797 (this SL is for today)

Current Position - Long at 5817, SL 5797. If not hit today, then tommorrow SL will be 5888 (based on 20 point additional filter on JNSAR)

These are only my views, please trade based on your rules

Jigar said...


Excellent work and very helpful contribution !!

Bunty said...

Mr. Prabhanshu, it seems you are completely wrong on how you interpreted the sl. SL is based on closing price, the JNSAR hit today is based on day time frame, day closing does matter a lot, since day close is above jnsar so we are still long in Nifty

Ravi Pillai said...

SIR/JRJ/Sujatha Mam
I have a similar stake as Prabanshu.
Long.But based on my understanding as follows.
SAR 5808.
So I am long @5823.
Please advise if I understood SAR implications correctly.
Your opinion and advise if possible will help me for course correction.

NI3 said...

@ Shreeram sir,

thanks a lot sir

anmpatel said...

stick to ur trade plan. filter the noise...its matter of only 20 point..our goal is to catch the right train. if tom 5788 hit reverse with sl of 5808..or one can short at 5808 with sl of 5828..

sahi train pakadana imp hai bhale hi ek station later. ..

baki to master hi kuch experts comment de sakte hai...

thanks..lage raho..

Ravi Pillai said...

Mr. Prabhanshu, it seems you are completely wrong on how you interpreted the sl. SL is based on closing price, the JNSAR hit today is based on day time frame, day closing does matter a lot, since day close is above jnsar so we are still long in Nifty
July 8, 2013 at 3:34 PM
Is this correct?
In other words JNSAR trades 2 be based on EOD prices only

cooldent said...


not necessarily. intraday u need to manage the trades with 20 point stop loss and at eod you see whether nifty is closing above or below todays jnsar and take position accordingly

Sujatha said...

according to me - nifty spot /future both closed @ CAT ON THE WALL situation. but following DR-jis. rule - am with short if 2morow gap up opening will adjust my trades accordingly.


Ravi Pillai said...

Thank You
1 last question
At EOD NS to be compared to 5808?

Ravi Pillai said...

Sujatha Madam
DRjis rule
Please enlighten me.
Naan Phudhiyavan
Siramathukku mannikkavum.

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