@Master,Dev.JNSar For BN???
62PE OI adding huge now .... ysday it was the 62CE guys
Master Said....A few points to remember:Last day of the week: "6162" is relevant to keep the weekly trend UP.FII's have been buying heavily in the last two days.VIX has been quite subdued below 18-18.5 for some time.
Monitor intraday trades with the last rise from 6177.6211 6205 ... is 38%-50% retrace of the last rise from …… 6177 to 6232 80% is - 6188 If strength to return again, it should be around 6211 6205 Weakness gets confirmed Below 6205 OR 6188
Bot on break of today JNSAR (6211) but bot actually triggred at 6219(NS) & 6240 NF Lets see Yeterday totally bold out
@ Prithvi Raulji,11410(approx)
@ DR Sir,Kaha Ho Aap, Bullish market main Dikhte hi Nahi
Some sort of B wave or 2nd wave. getting totally confused of the direction.
@ SJ kol:Seeing 62PE adds & CE liquidation, may be time to re-look bullish count...
Shriram sir, Are u do intraday or positional or JNSAR or all three kind of trade in NF?
Can we hit a Century today?????
Dear Ilango,Huge negative divergence in day 9 RSI even if we close here (6225) for the week. is this rise a suspect of a trap?Regards,
From the lows of 6177, the vth wave is unfolding now. (If holds below 6248; if not, bullish wave sub-dividing continues)
@ prakashbkc: nothing fixed , i do OTM writing based on pattern brkouts (preferably along JNSAR / WkEMA).. and try to trail every trade > cost + brok +TaxIf trend blesses, trade converts to positional ,else TSL hits
@ CDG,9 day rsi does not have -ve divergence. But it is trending down from OB zone to OS zone and presently below the midpoint.Similarly, slow macd is trending down below the triggerline.Whenever prices rise while the oscillators are down below their trigger line, the rises are suspect as was proved yesterday.Today being the last day of the week, weekly trend and its oscillators would take precedence over day oscillators.To safeguard trader's profits, we suggest to monitor their trades using the "last fall retrace" or "last rise retrace" whichever is relevant.
are some negative div developing in ns 2 min charts?????
Shriram sir it means u never trade in NF?
@ Prakashbkc:yes, i NEVER trade NF as am not comfy wid idea of Giving money to market.. but as risk of writing is Infinite , need to b careful with choice of strike & v strict with 20pts SL , and ENTRY only on PATTERN spottingMore after sapad, Bon Appetit !
Thanks Ilango.At the same time please note that Week 9RSI and even 14RSI will trigger and trend down with a close even at 6235.
Good Afternoon sir-ve divergence on F.macd on 5 mins. We have resistances from 6237-6261.My question is should one wait and look for prices going above 6248(Wk.pivot) or should one be ready to part book at these resistance since -ve div. present.
Shriramyou never trade nf ..then you do it in option or equity only???
@ Sahil,The price rise from 6151 to 6237 can be labelled as "abc"(3 waves); hence, one could part book.Because it has the possibility to make a 5th, we suggested to monitor the last rise(3rd wave) from 6177...Only when 61.8%-80% retrace of that breaks, bearishness would return..
Deep falls have, often, been accompanied by FII selling and VIX rising.Both are absent in the present scenario; hence, our +ve bias since opening..
--> back@ Shree: OTM option writing... as a part-timer, so its slow moves suits mentality.. aim is to somehow win more n loose less, and allow every trade to come > cost +brok +taxsince risk is Infinite in writing , v v imp. to keep hard 20pts SL and trade Patterns
sir is there a HNS formation on tataMotor. email@example.com, shoulders@ 376????
for a likely intraday trgt of 359 or so Sir???
Dear Ilango Sir,An abc done from 6237?
New Post Done.