Thursday, October 3, 2013

Nifty Intraday Update-II


28 comments:

sarvesh sharma said...

@ Ilango sir, i want to know the reason/thinking behind the change in JNSAR from today's to tomorrow's number early at 10 in the morning..how did you reach this conclusion? what helped you in reaching the fearless decision and it took on today's number and more than 20 points on dhema also..what prompted you, sir?

sarvesh sharma said...

@ Ilango sir, does trading above month open and week open so early into the month and week..was the only reason or some othe rnumbers assisted too? please guide sir!

Prithvi Raulji said...

@master,

As per EOD chart, macd turning down, also in Bn chart u had quote 10189 as a 2nd, than is this good to enter long side for some more point or wait for short entry as wave-3??

i m saying based on macd ??

Kiran said...

@ aly, sarvesh,
You can try NSEMobile if you have problem with Google Finance and looking for App on Mobile device.
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Prithvi Raulji said...

@ sarvesh sharma,

Good one, i m also asking that to master ,how could you use tomorrow JNSar number for trade in this morning trade??

sarvesh sharma said...

@ prithvi raulji, am sure it requires a lot of experience and then will power to execute.i want to know the thinking behind,,waiting eagerly for the master's reply!

ak said...

we r near to r3 from pivot table

from retrace table looks like we can touch 5922or higher ...with jnsar now signalling buy a good upmove l

Ilango said...

@ sarvesh sharma,

When you follow the market prices using "Classic TA Tools" such as macd & Stochastics as we do in "JustNifty Applied Technical Analysis",
you start to manage your short positions during intraday using Hour TA showing +ve div and Day TA at Oversold levels.

Another reason to change the JNSAR Number was the "ORB" break-out this morning suggesting sustainability of upmove.

With experience, you'll start to manage your JNSAR trades better.

It is individual's choice and it should be done only when you are experienced and comfortable and have time to manage trades.

dv pandit said...

Good Afternoon Sir,
Can we Short Nifty near 5900 with SL 5920

Prithvi Raulji said...

@DV Pandit,

No, JNSAR positive now ,so stay with long

Ilango said...

@ Prithvi Raulji,

Prices are not dictated by just one time frame.

For eg: Though Aug. Month close was below MLEma, we chose to play the counter trend move from sept.2nd itself as week & Day T/F were compelling us to do so.

Similarly, though there is a "Sell on rise" in week T/F, the Day & Hour T/F technicals presenting a compelling "Long scenario", needs to be considered. When Day & Hour shows overbought conditions, it is time to pay attention to week T/F.

sarvesh sharma said...

@ Ilango sir, i did not trade jnsar from tomorrow's jnsar. i dnt know how to manage it..but for the first time i have noticed you change it in first hour of trade ..i am sure sure there were other days of orb break out but jnsar was not changed..i am a big zero in reading oscilators..trying to learn...thank you and want to lie down and bow my head to your experience and the way you are selflessly giving it to others..shall start studying about stochs this weekend...want to add this tool to my kitty..trying to use crossover emas and rsi at present and chart patterns too..

big thank you for your guidance...trading is no more gambling or tension..it is fun..fun lies in getting points and applying studies and not results/money..

ak said...

thanks sir for explanation
will help all

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-5807, R1-5859, R2-5889, R3-5972, VWAP-5905

The PE writers have taken control of the proceedings right now, with super support now around 5700 level and not much resistance till 6000, BUY THE DIPS TILL VWAP at 5906…

Thanks & Regards

Prithvi Raulji said...

@Master,

If today break 5907 , than weekly is buy on dips???

Please suggest

sarvesh sharma said...

one more thing,,,since july end when month TA asserted to give big fall in nifty and then august despite closing below mlema, showed up moves in september on back of day and week time frames..and now today,,week is a sell on rises is a condition but price is supreme..these conditions and TA are to kept in mind but trade only price..big lesson learnt, though it took too long.. i am a little laggard student , sir, but thank you for bearing with me

sarvesh sharma said...

@ prithvi raulji,,sorry to intervene,
no ,,
weekly numbers play only after weekends..if this week ends above whema, then it gains momentum..it is in sideways mode right now..although it closed below whemam making it a sell on rise but till it stays above w5ema and wlema..it can be bought around those numbers for a sideways trade towards hema..thats what sell on rise apparently means in any time frame..if it close above whema on friday, that means all dips during week can be bought as week TA gains momentum but then as sir explained, day and hour overbought conditions and oscilators are to be kept in mind

sarvesh sharma said...

@ Ilango sir, can sl for longs be upgraded to 5965? new 2 hour low?

ak said...

trading with direction of jnsar gives confidence ...

however it takes much time to develop faith in system...

durga said...

@AK
why it will take much time?
didt yu believe GOD frm the moment yuor told abt HIM
MASTER once told it is GOD our jn group
NOW YU NEED MORE EVIDENCE??
GO TO research bye all the best

chetan patel said...

dear sir cam we confirm the no 5887 @ neckline of inverse head and shoulder pattern

thank you in advance

ak said...
This comment has been removed by the author.
kushal maniar said...

Dear Sir,

What are the Parameters used for settings in Stochastic?
Is it 9;35;3 & average type Simple in Hourly chart & if yes is it the same used in Daily Chart?

Please Suggest Sir..

sarvesh sharma said...

@ ak,,it was not an attack on you..what you wrote in both of ur messages have different meaning, she just tried to help. it should have been replied in thank you..please maintain the cool words, brother!
thank you

Trader Junkie said...

among other things, 5900 PCR has gone up from 0.71 in the morning to 0.93 now - seems like a final push to hit W-HEMA might take place

Amol Sharma said...

NF freak high 5996 trade of 8 lakh shares at 5996 price sudden increase in premium what technical says ??

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