Wednesday, September 25, 2013

Nifty Pre-Market View.

During uptrend, the first sign of "loss of momentum" is noticed when prices close below DHEma. (It goes for all time frames too). And a "sell on Rises" strategy comes in here. Except during strongly trending period, it works well.
Prices then move below DEma and close below it, confirming a ST reversal.
Prices, then, move towards DLEma to DLEma less 20 points approx. Remember DLEma number decreases as new lows are being made.
Having reached the lower range, DLEma - 20, prices attempt a bounce/ reversal and move towards DEma and if ST technicals help it, it will move towards DHEma or DHEma +20.(In the meanwhile DHEma number would have come down significantly).
It is only when prices close below DLEma, downward momentum would affect the prices.
Similarly, it is only when prices close above DHEma, upward momentum would return.
These "emas" could be matched with Price clusters in Hour chart for probable Supports and Resistances and further fine tuned with developing "Pivot numbers" or "Camrilla Numbers".
Once you have a "Trading range" for the day is developed, it becomes easy to "Sell on Rises" OR "Buy on Dips". Within the "Sell on Rises", a "Buy on Dips" comes in when prices come to the lower range but fail to close below DLEma. This is the best way to deal with a "Sideways Market".
"JNSAR Traders" would do well to adopt this strategy to "minimise" whipsaws. Let there be few whipsaws; it will keep you grounded. But if your JNSAR number is stuck between DHEma & DLEma and prices are closing between DHEma & DLEma, "Trade the Ranges"..
I have seen it work for years. But you need to be "loose and flowing" with the markets. Develop that edge.

30 comments:

San said...

Good Morning Ilango Sir and Friends

BANK Nifty Chart analysis: CLICK HERE

anmpatel said...

goodmorning master and friends...


thanks master.

Sahil said...

Good Morning sir.
Thank you for the detailed explanation in respect to the current scenario.

dharmu mishra said...

respected llango sir very good morning sir great explanation for me sir who find difficult to understand thing, u make those thinks even more simple to understand through ur explanation.last two days u made understande the action of the full previous day market it helps a lot to understand way of approach and behaviour of market which i dont under stand through my understanding of the subject sir thanks for everything i m trying to learn day by day.

Prakash said...

gudmorning master and all frnds

marina s rao said...

GM Master & blogmates - M S Rao

venkateshspices said...

Good Morning sir & friends

DNSHUKLA said...

Good Mng Sir and Friends.

Adrian Jose said...

Good Morning Ilango Sir and Blog mates

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

rama balaji said...

GM Ilangoji & all Blogmates

Sahil said...

For the day:
JNSAR-5923(also DEMA-5924)

Resistance-
Keeping above 5895(D.pivot) immediate resistance is 5944-5962 (21/34hr. sma also DEMA+20), 5984(Wk.pivot), 5988-6008(DHEMA+20)
Fib. numbers-5945,5965,5999,6033
P.resistance-5935,5977,6017

Support- Below D.pivot immediate support is 5877-5857(DLEMA-20), 5826-5793(Wk.EMA). 5856(12ema), 5842(200sma), 5819(100sma).
Day num.-5798, 5760, 5755
Fib. numbers-5751
P. support-5853, 5813, 5826,5814.

Nilesh Patil said...

Good Morning Master & Friends

Sahil said...

Posted the above with the intention that it may be helpful to the blogmates.

Pankaj said...
This comment has been removed by the author.
Parminder said...

Master ilango and friends,
good morning to all

SANPOT said...

Good Morning Ilango sir and Blogmates. Sir, thankyou for the revision of trading in the sideways market.

soumen said...

@Ilango

Very good guidance given....I appreciate and admire.....

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

Good Morning. Have a Great Day. Vaalga Nalamudan and Valamudan.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

dharmu mishra said...

respected shreeram sir could u pls tell me which wave is going on now is it b

R.S. SUNDARAM said...

good morning Ilango sir and other blogmates.

vk said...

Namaste Guruji.
Vinay.

Jaspal said...

Good Morning Master

Venky said...
This comment has been removed by the author.
Rasendra Zala said...

Good after noon, Ilango Sir.

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