Sir pls guide me how to trade stocks based on JNSAR I mean how much SL one should keep once JNSAR hits. In Nifty we keep 20 points filter, so in this how much ?
@Master,Good MOrning!Search Functionality Not working in a blog .Thank You!
Goodmorning master and all friends,Have a profitable day !!!
@Nakshatra:Though query has been marked to Master, but your repeat requests prompt us to respond..Master has responded to this earlier (Search on the blog). He doesn't trade in them but few others may be trading, who can guide on this. You may have to search the blog for their posts or wait till some one responds.For Nifty 20 PT SL has remained benchmark but stocks would have different levels, depending on volatility/price range / risk appetite etc.Wait till some one responds to this. OR search JN group for some earlier posts.Sorry- no quick solution at hand. We focus only on 1 stock at a time - Nifty!
Bullish: 6174 6169 ... is 38%-50% retrace of the last rise from …… 6147 to 6191 80% is - 6156 If strength to return again, it should be around 6174 6169 Weakness gets confirmed Below 6169 OR 6156
@ Nitin Kadam,"Search This Blog" is not functioning despite reloading it. Will look into it. Thank you.
@ nakshatra,Stocks are a varied lot with huge difference in their spread, volume, etc.Only by experience, you could decide the filter component for each. We have kept approx. 0.4% for Nifty when it was around 5000. We have suggested to readers to be a bit more flexible with filters if certain critical numbers are nearby. Using a filter or abstaining from them should be your choice. Experience would improve your trading skills if you learn from your error of judgements.Always trade with fewer number of stocks which will make it easy to monitor & manage them. In the end, it is the making of money from any of our acts take precedence over all other things..
Thanks alot master and AnandOne more how about tomorrow's JNSAR in stocks cos its updated only by EoD.
nakshatraTomorrows jnsar tomorrow :)
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6184, R1-6199, R2-6219, VWAP-6200Nifty opened up, but unable to sustain and back below 6200, only a firm move above 6211, can see some short covering rally, else SELL ON RISE…Thanks & Regards
seems loke an IHS on SBI, for trgt 1785 or so. invalid break of Lows
slow rise on RSI. St on a O/S position on SBI
i forgot to mention. the trgt on SBI if for Future
New Post Done.