I will bet for JNSAR trigger today.
@ Sujatha,Put "Fevicol" to your positions.
@ SJkolkata,Trading "JNSAR" positions once a "sell on Rises" emerges at the "resistances" indicated would keep you in the "Reserved status" before the general public boards the Bus which is hurtling down.
While it is too early as the day hasnot closed yet, I would again like to remind everyone that today Bernake, US Fed chaiman, is going to speak-up about tapering and hence whatever positions you have should be hedged or you should go with less positions
Master by EW iii wave target min 5989-(6038-5911)=5862 ?
Yes Master,I experienced this is last 2 occasions and also today, though i hedged myself fully day before only.When we accept this, it becomes like riding a limousine with no bumps.I didnt answer yesterday, but i could have produced contract notes of puts, as much as needed purchased on Monday closing between 3:15 to 3:30.I dont have words to thank you for giving me this knowledge and because of that the Comfort while driving the markets.Hats off and a Shashtang Pranam..
days low ema 5921
oh sir??? am on the way to climb small hill
--> backwow, wot a fall, and finally a setup too !Oscill. suggest 5990-5928 fall may be corrective in nature.If Dev.Dlo Supports @ 5918 NS & 59PE OI is stable, casino game enrty is ON.Pt to note: NS is now trading < St.DEMA, this means WkEMA is the hope for casino owners, for this trade ;-)
Sir, retrace for the current fall can be till 50%, 61.8%?
Aly said... While it is too early as the day hasnot closed yet, I would again like to remind everyone that today Bernake, US Fed chaiman, is going to speak-up about tapering and hence whatever positions you have should be hedged or you should go with less positions July 17, 2013 at 2:15 PM Everyday somebody speaks, yesterday Govt. annouced FDI opening in the late evening, Price discounts everythng, as a technical trader we must consider our charts/price only.
Ilango sir...will the day lead indicator move below 80 today??
@Rainmaker: I agree with you however we have seen this for last 3-4 times market reacts violently to one side sometimes in direction opposite to JNSAR as well. Thats why i thought it better that people should be warned beforehand
pls break jnsar
bank nifty closed on highs before rbi newsi think its a clear case of price not discountingevent in advance
@ prakashbkc,Direction is primary which is wobbly.Targets will be checked as certain key levels are yet to be broken.
@ bizagra,Yes & below trigger at prices below 5950.
I welcome "Good news" when market starts to fall as this gives me "Selling opportunities".And I welcome "Bad news" when market starts to rise as this gives me "buying opportunities".
@ Piyush Sharda,Prices had serious negative divergences, the hidden "discounting".Such a situation calls for either "Booking out atleast partially" & hedging if individual likes the strategy.
sir - am not against your view or JNSAR (as lot of people thinking so??) ths is absolutely observation of price behaviour + TT + intution. am with TSL on EOD basis. my understanding ON JNSAR and TT is totally different. puridhalyum, unardhalaiyum.. puriyavaikka vazhi illa sir (with me. in other words i donno to teach) mm. let me see my today's fate :( 3 round (third round is not good for health?? hehe)
@ Piyush:Wish to place an Obsv here "Piyush Sharda said...bank nifty closed on highs before rbi newsi think its a clear case of price not discountingevent in advance"Price STAND-ALONE has not MEANING, like BEST BASTMAN EVER has no MEANING, as every generation throws up new talent.All we can say is BEST AMONGST THE CURRENT SAMPLE SETSimilarly is the case with PRICE... PRICE has to be compared with what its doing wrt EMA & the oscill.. on a particular T/fPRICE moving > Higher T/f Hi-lo EMA w.o corresp Oscill Vibration --> TRENDPrice making lower High-LO or being Resisted / Supported @ Higher T/f Hi-Lo EMAs / RES-support, but Oscill Virbating CRAZY from OB to OS or vice versa --> hiFREQ Corrective ofocurse OTM OI help is needed in all setups to firm up the viewGOD IS IN DATA :-)
sir,i have started intra trading of small quantity of sar positions. but dontcarry forward (intra)them usually. had it been a known event(rbi) would have considered hedging. in past due to deprication of premium hedging cost me money so do it selectively.
Ilango Sir,What is best way to hedge position over night, suppose if JNSAR (5922) triggered and market closed below it today.i trade with 2 lot nifty.buying 2 lot call, is good hedge? if yes, we need to consider any particular strike price? (5900 call, nearest price)if not, please sugget better way to hedge..Ur reply helps many of us.
Master, Which key levels do u referring Is it Break of Dlema / JNSAR
shriram,i disagree. price is source of all oscillators/ma.it is possible to trade successfully without any ma/oscillator too.rest what u are talking is individual trading strategy you follow. that wud have caught the downmove.
Nursery rhyme for Intruders Johny Johny , YES PAPA Stock Market ,NO PAPA Lot of tension ,YES PAPA Family life NO PAPA BP-SUGAR ,YES PAPA. Annual Income…….Ha Ha Ha Ha Ha !!
sirrrrrrrrrr - next song pls :)
No piyushU missed my pt. Price is the actuating quantiyt no doubt, but the QUALITY OF THAT PRICE MOVE, i.eHow Price moves i.e Vibratory or DIRECTIONAL, is capture by the ocill (High FreQ Pass Filter) or EMA (Low FreQ Trend Pass)
Piyush Sharda said... bank nifty closed on highs before rbi news i think its a clear case of price not discounting event in advance July 17, 2013 at 2:37 PM RBI action was out of the blue not anticipated.Debt funds too gave negative returns on that day ( they are suppose to positive returns)Just like Uttrakhand floods.
@Sujatha,Hope you got L3...Clap... Clap...
@ prakashbkc,Wednesday, July 17, 2013Nifty Pre-Market View.Nifty, having completed the corrective rise to MHEma, did not provide the needed entry for selling with a gap down yesterday.We suggested a move towards DLEma & NIfty moved to 5911(DLEma being 5909)We suggested a bounce towards "5959-74(High made 5966).New signal is: "Sell on rise" in all the T/F. "5970", the critical resistance & 5981. 21 hr sma are considered strong resistances above which 6001, just a point above the psychological "6000".Weakness would start below 5935-44, week & Day pivots & bearishness would get confirmed below 5893-99, 61.8% retrace of the last rise from 5803-6038 & WEma.
Dear Master,"I welcome "Good news" when market starts to fall as this gives me "Selling opportunities".And I welcome "Bad news" when market starts to rise as this gives me "buying opportunities". 'Well said.....That's what Smart Players Do!Regards
julius - deivame,,, konjam guess pannunga naan yenga vangiyirukkenne or check my post time and check the candle..and chek the previous mails. don't remember?? no position boss..am gng out now and morning may be late to market.anyway pocket is OK for day..byePS : kadavule daily volatile vendum
Tracking market movement along with Ema channel mostly gives more clarity in decisions.
Any reason for such a rally. Everybody was expecting JNSAR trigger. Is it again a good point to short ?
It seems market has listened to the Aly's advise and covered their shorts (:
45 pts done from days Low in 20mins !
@Sujatha,YES. Hat's Off.
Doji closing ?
missed out the long trade julius :(
Now in dilema should I carry Short Master
shriram ,just think. u r applying studies to price and drawing conclusions. there are many times pricediscounts events in advance and market falls before bad news and vice versa for good.it didnt happen here and market was caught unawaresppl who hedge and carry aggresive intra day shortswere benefited . but the game of trading is long one and we have to see the result of such actions over long period of time to put it into our do/not do .
excellent Carmella levels...@Sujatha - I bow to your intuition "small hill" was a big one actually :)Nicely supported at low EMAsEnd of day - Bye guys
Piyush:Am trying to sayMore than price, QUALITY OF THE WAVE IS MORE IMPORTANT !Not talking bout instrument or even trade strat.. pure TAUltimately all we need to know @ FIRST LEVEL is that , whether a wave is suspect TREND or CORRECTIVE.Only exploration thru Maths on the Price action gives real insight.baat ki gehrai ko dekhna jaroor.
'Only exploration thru Maths on the Price action gives real insight.' i agree shriram. we can add other studies instead/inaddition to maths too
Adding to line of discussion..This evidence of Price Qyualtiy very much happened on day TA for the rise from 5566-6038, was declared hi-FREQ by the oscill on DAY Candles.Was pestering Ilango bout it , "has C ended", 2 days ago for this very reason
Wat a fight!http://www.youtube.com/watch?v=TIe06TAGaZM&feature=youtu.be
@Sir,enakkum oru song podunga sir...
ew downta sell on risejnsar up
@ Julius,The no:1 song in my life, dedicated to my mother and now for you.Ulagam Piranthathu Namakkaga
infact on 5mins, study suggest this rise 5928-5980 is a HiFreQ corrective rise to 5990-5928Can we get a gap-down tomo ? lets cBye All!
@Sir,Thank you very much Sir. :)
Do not be surprised if gap up or down happens.Learn to deal with it.If you have fear, stay out.Market gives you very good opportunities like it did today.So wait patiently for such occasions to make your move.I'll continue to present them.But I can not "Predict".
Looking forward to a 150 point gap down tomo..
Obs Lovr.LoL....Inshah Allah..........
doji candle, avg close near 5971, below HEMA,
@ Julius,,That is pure Joy, pure energy, pure love...............and love.
If one trades more than 4 lots, below strategy can be implemented i guessJNSAR trigger long on EOD, but overnight some big event.So, carry 3 lot long on current month future & 1 lot short on next month future.If 100 points gap up --> 10k profit on next day open & manage positionIf 100 point gap down --> 10k loss on next day open.. need to exit longs on any rally and add shorts gradually.add your suggestions pls!
thank you sir, for the pure love , passion and dedication!!please respond to my mail. i am unable to access justnifty TA ..which i previously i was able to..thanks
Yes sir i can feel it.