Tuesday, July 9, 2013

Nifty Pre-Market View.

There are many methods which could be adopted to make a trading plan, to follow the market.
JNSAR is one such method, a mechanical one; 
EW is one such method, an objective one;
TA is one such method, a scientific one; 
OI analysis is one such method, a mathematical one.
Just because you follow JNSAR, it isn't a crime to borrow inputs from another study "as long as you do so objectively".
Trader's objective should be to "utilise all inputs to make money and not to prove or justify a method".
The normal tendency of a trader is to "look for supporting evidences from other studies to justify holding his/ her position" which is a very subjective act & will distract you from true market signals.
EW suggested "B" wave targeting 5760-80 once 5828-44 broken yesterday; a JNSAR trader could have used this input, provided he/ she is familiar with EW study.
Holding the newly drawn hour trendline & above 21, 34 Hr smas, "C" wave would continue towards 5917, 50dsma & then onto 5972. (Depending on the strength in coming days, we'll look for other possibilities)
Below 21, 34 Hr smas, weakness would return & more below 5750.


Bala C said...

Good Morning, Ilango Ji

San said...

Good Morning Ilango Sir and Friends

SBI Chart analysis: CLICK HERE

Kirubanandam T said...

Good morning Ilango sir & all...

Ding A Dong said...

good morning all.

"utilise all inputs to make money and not to prove or justify a method".

there are times where we forget whether wea re trading to make money or to prove our self right, when we focus on latter, the disaster strikes.

deepak pinto said...

I keenly observe ur eod charts.
There is a sign of running correction done in ur rsi chart eod.
I also observe that u draw tl in indicator charts
How relevent are these signs of ta in indicator charts
Please comment on what importance we have to give to these studies in indicator charts

R.S. SUNDARAM said...

good morning Ilango sir and every one in the blog.

Nilesh Patil said...

Good Morning Master & Friends

R.S. SUNDARAM said...

good morning Ilango sir and every one in the blog.

Arif said...

Ilango ji,
Good Morning..

Prakash said...

Gud morning Master and Frnds

Nitin Kadam said...

Good Morning Master & BlogMates,

Today's Trading Plan :- ( 9-July-2013)

Today's Support & Resistances :-

Support :- 5810-5780-5735-5705.

Resistances :- 5855-5885-5930-5955-6020.

Bullish , if closes above DHEMA+20(5868).

Bearish , if Closes below DLEMA-20(5771).

Till then play the ranges or stay away & wait for breakout or breakdown.


Positional Buy Only Above 5855.

Positional Shorts Below 5770.

Happy disciplined trading to all!
Have a nice day!!

J.R.Julius said...

Good Morning Sir & Blog-Mates,
Have a Happy and Prosperous Day.

venkatapathy l said...

Namaste Ilango sir and blog friends


Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

Good Morning.

Have a Good Day. :)

Vaalga Valamudan.

amber said...

Sir ILango ji charan vandan and everyone good morning

venkateshspices said...


Guru - Trading Nirvana said...

Good Morning Masters and friends.. have a great and prosperous day!!


R/Ilango Sir,Namaste n Namaskaar 2 all reader's.


Good Morning Sir & All Friends.

Yash and Dhan said...

Good Morning Sir and dear blogmates.
Ding A dong I really liked your statement today.
Hopefully I will learn to avoid disasters.

Guru - Trading Nirvana said...

A Secret Scrolls message from Rhonda Byrne
Creator of The Secret

From The Secret Daily Teachings
What is the most powerful thing you can add to the process of creating what you want? Ask for others as you ask for yourself. An easy way to do this is to ask for ALL, which of course includes you. Ask for a good life for all, peace for all, abundance for all, health for all, love for all, and happiness for all.

When you ask for others, it comes back to you, so the law has it ALL covered.

May the joy be with you,

Rhonda Byrne
The Secret... bringing joy to billions

suresh said...

sir ji,
good morning.
ns 5wema=5833 ltp=5811.55
weekly up ??

Suraj said...

Good Morning Ilango Sir and All Seniors and Friends

m.veerasamy Maruthai said...


Anandha said...

@ Nitin,
I did observe that ppl say that Go long above it and below XXXX go short. Do they wait till market comes to those level? What if market did not touch these levels at all in day? Out of trade ?

johnrego said...

Good Morning Ilango Sir & JN Family friends

vk said...

Good morning guruji and blogmates.

anmpatel said...

good morning master and friends...

anmpatel said...

good morning master and friends...

Dinesh Rishi said...
This comment has been removed by the author.
kapil said...

Good Morning to master and all my blogmates

Dinesh Rishi said...

Good Morning Master and copy to All

Positional Long above/Short below 5830

Monthly NF open price

kapil said...

c towards 6098 by eqality

Nitin Kadam said...

Trade Plan Update I:

NS @ 5856 Discussed BUY level 5855 Trigg.

Time to Follow & Execute Plan

Positional BUY taken at
NS- 5855 NF- 5865 STOP LOSS :- NF-5845

Consider every trade as a biggest opportunity.
That will keep away from mind games.

Follow ! Follow ! Follow !!!

Sujatha said...

GM sir nd friends :)

DR ji - :) this time we will take out XXXX anyway i am bit upset as my friend back to business sharekhan a/c gone :( many times i earned and saved my profit and capital becoz of your weekly open..today also not bad...i am always ready with plan "if at all my SL hits wat 2 do:?? :D thick skin

Nilesh ji - Om infy - aye namah!!!upset target stillon the way..to "encounter"

have a good day to all..

deepak pinto said...

For the benifit of those of us who missed the bounce
The clue was twice given by thr market.
First the viscious down move did not break 5760 but stopped short at 70.
Second formed a triangle and broke out corrected but did not break the nose of the triangle.

Sujatha said...

errrrr - read upside target still on

Nitin Kadam said...

@Anandha ,

Stay away if levels not triggered.
Why to worry about everyday gain.
Following whatever is suitable for once nature is the only one can do to consistently earn money from the market.

Ding A Dong said...

Hello Friends,
My Nifty Intraday Trade Plan @ Jul 09, 2013

VWAP / LTP @ 09:44 - 5859

Buy @ or Above – 5872
Buying Stop Loss – 5852
Buy Target 1 – 5888
Buy Target 2 – 5907
Buy Target 3 – 5926
Buy Target 4 – 5945
Buy Target 5 – 5965

NO TRADE ZONE – 5852 to 5871

Sell @ or Bellow – 5851
Selling Stop Loss – 5871
Sell Target 1 – 5836
Sell Target 2 – 5817
Sell Target 3 – 5798
Sell Target 4 – 5779
Sell Target 5 – 5760

Based on Nifty Spot Values.
Buying with up trend and selling with down trend at 2min chart.
Entry is based on next 2min candle close above the entry price.
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!

Wish you all a good trading!!

Guru - Trading Nirvana said...

@Suja Sis, hope you will like this :P http://www.scientificamerican.com/article.cfm?id=find-the-dna-in-a-banana-bring-science-home..

Sorry Master, to paste such article in this blog, but at times I feel we need some thing to read during break time.. this could be useful...

brajesh singh said...

GM Sir and Friends..

shriram said...

GM Master & JN Family,

Smooth, the bounce has come .. how to play it now?

Following EW counts are possible

Opt A.
Impulsive / 5wave C up from ysdays low @ 5776

a/i 5567 5904 337
b/ii 5904 5776 -128 -38.0%

c/iii 5776 5984 208 61.8% * Min

C=A comes higher @ 6113, for this the Dev. WkHiEMA will have to be taken out convincingly...

Opt B.
Ascending Trig in play
a 5904 5761 -143
b 5761 5900 139 -97.2%
c 5900 5776 -124 86.7%
d 5776 5901 125 90.0% * inplay

For this opt. OScill on Hr has to display Weakness of bounce , along with OI add @ 59CE

Enjoy the bounce & trigger trades with evidence from HARD DATA

Have a gr8 day !

Anandha said...

@ Nitin,

I would like know if anyone have a method that allows for trade. For Example: CAMARILLA method, adjusted by Julius sir, to re calculate the entry and profit booking levels. Please try for alternative methods when Market behaves in unexpected. That helps every one here to stick to guns or change the plan as per sentiment in the market.

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