Friday, December 27, 2013

Nifty Intraday Update-II


57 comments:

GV said...

6352 will end today. b'cas this is the 161.8% of last fall.

Ilango said...

@ GV ,

Let us not trade "unprepared" and "in a hurry" & "today itself".

Without the capital, knowledge will not work.

And without the knowledge, capital will not last longer.

For Longevity & workability , it is important for you to learn not just JNSAR but also how market functions with its trends and sideways actions, corrections and impulsive price behaviour, global cues and event filled actions, etc.

Once prepared, enter the arena, start with the 1st round in a light commitment to "test the market" and grow to 2nd round and so on to complete your "ring exposure, experience to come out a winner".

Enough materials available from the "side bar" to get intoxicated with "Knowledge".

GV said...

@ilango
thank u ji.i know EW,FIBBONACCI RETRACEMENTS,BOLLINGER BANDS,RSI,TRENDLINES AND AVERAGES. but all these knowledge is not use in my profit. i join here just a week before. but i got confident to win with JNSAR.and so i ask ur help to trade with JNSAR.

Muthu Thamizhini said...

Dear Sir,

Since we are expecting lot of event based movements, can you please post a long term EW chart (preferred count)

GV said...

@muthu tamil
now wave 3-III-iii is going on

marina s rao said...

Master,

What U said is eternal truth. It will last as long as the trading lasts.

U did and doing yeoman service for the cause of traders.

U accumulated and accumulating barrels of scotch which is mellowing day by day for the benefit of novice traders like us.

No quantity of thanks is enough 2 ThanQ.

Simply Hat's off 2 U - M S Rao



anand said...

Dear Master,
Can we consider that 5 waves down at 6319 with 5th failed when it touched 6319 2nd time? this completes corrective a-b-c from 6130 also?
Or is it too early? Any ideas on when 5th failure is recognised/confirmed? It will avoid traps formed by ostensible double tops / 5 wave completion when its only 4th corrective wave...

GV said...

pls help pannungappa..... epdi JNSAR la trade panrathu?

SKS said...

@ GV

Please read all the JNSAR labels in the blog

SKS said...

@ GV

for the record JNSAR was trigerred on the long side @ 6211 NS on 20/12/2013
a sar of 20 pts on T, T1 & T2 of the respective days JNSAR is applicable.
from the 4th day the JnSAR of the day is SAR

SKS said...

@ GV

todays JNSAR will trigger short @ 6231 NS

Ajit said...

Ilango Sir,
Is a 5 from 6305.9 done at 6319.25? or we expect to see a high beyond 6319

GV said...

how u find JNSAR is long/short?

Muthu Thamizhini said...

GV,

It is easy...this system requires you to be always in trade...now for today magic number is 6231..above that long..below that short...so today you should be in short...

follow spot price and trade in futures price....that is all...normally if you follow JNSAR you dont trade daily...just watch and be in the side of JNSAR

Kiran said...

If NS > JNSAR, it is Long
If NS < JNSAR, it is Short

SKS said...

@ GV

do u see the table on top??
check under daily data and jnsar column
what do u see?

SKS said...

@ GV

ennuma pakkalai??

GV said...

thanks all u TAMIL,SKS and KIRAN.
@SKS
ji,.... there is hourjnsar and day jnsar.that is confusing me

Muthu Thamizhini said...

I mean you shouldn't be in short...

SKS said...

@ GV

go by daily JNSAR for starters

satheesh said...

@ Muthu Tamizhini,

You are wrong. JNSAR is 6231 - today Nifty is trading at 6315 - then how is it short?? As per JNSAR Nifty is in BUY mode. only if Nifty falls below 6231 - it becomes a short.

GV,

JNSAR is a Stop and Reverse Method. having said earlier that you know many technical studies - You must be knowing about SAR method too. whatever rules applies to any SAR number applies to JNSAR also.

In case you require a detailed discussion please read through the Link "JNSAR trading Method" under the menu "Always start trading with these" - on the top left corner of the Blog. I think it would be a good weekend homework :)

SKS said...

Muthu is manivannan and ur delhi ganesh and this is Avvai Shanmugi

marina s rao said...

@GV

See the colour of the JNSAR cell. If color is Green JNSAR is long and if colour is Red JNSAR is short.

Observe JNSAR of different Time frames i.e. Month, Week, Day and Hour.

Muthu Thamizhini said...

Sathessh,

It was a typo...you are right..I have corrected above....

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-6346, R1-6361, R2-6378, VWAP-6363

Bulls are still dominating with huge addition of more than 6.1 lacs at 6300PE, Bears are fortifying 6500 level, seems like another range bound day as VIX below 15…

Thanks & Regards

Muthu Thamizhini said...

GV,

Always follow daily JNSAR and ignore other JNSAR's for a start...come here daily...and in no case dont go opposite direction to JNSAR.....

GV said...

ok... i think todays magic number is (day jnsar) 6231.so we r in uptrend/long.then how to use hour jnsar?

satheesh said...

GV,

Once a JNSAR trade triggers - 2 lots of NIFTY is bought/sold as per the trade. One lot is used for partbooking as an when TA demands so. the other lot is retained till the next JNSAR trade is triggered. This partbooking helps in retaining profits when the run-up is huge.

Hour JNSAR is based on Hour TF - and it is to be monitored every hour for trailing. If you are for swing trades - with whipsaws too - then you can go for Hour JNSAR.

Day JNSAR would give you some peace thro the day :)

At days when there are huge gap-ups and gap-downs - one has to manage the trades accordingly -

marina s rao said...

@satheesh

the Link "JNSAR trading Method" under the menu "Always start trading with these" - on the top left corner of the Blog.

Top Left corner or Top Right corner ?

Just for fun, no fault finding

Muthu Thamizhini said...

@ GV

The very purpose of JNSAR is that you need not understand the table at all....just follow the JNSAR and be peace at yourself...There are many data which is for different trade set-ups....





satheesh said...

@ marina s rao,

it is left corner - for the blog
right corner - as you perceive it :P

SKS said...

@ marina rao

Todays JNSAR is in green now. if ns spot goes below will u not take a short position??

ting tang said...

seems something cooking for very unexpected move around EOD ,lets see

Muthu Thamizhini said...

@ ting tang,

Dont put suspense...just tell what do you think....

GV said...

ok... i think todays magic number is (day jnsar) 6231.so we r in uptrend/long.then how to use hour jnsar?

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SKS said...

@ marina rao

pl. clarify

GV said...

this means DAY JNSAR is for positional trading. HOUR JNSAR is for intraday trading. am i right?

Muthu Thamizhini said...

@GV,

Yes...you can say so...this figures is arrived based on hourly time frame and its technicals...but I observed Daily JNSAR is just perfect and very accurate...

ting tang said...

@muthu , there is no suspense am trying to build , its my own tech opinion to buy only in panic for sometime in this volatile market. And always said trade with levels ......

GV said...

which one is very successful trading ...DAY JNSAR/HOUR JNSAR?

SKS said...

Can anybody clarify regarding JNSAR color as mentioned by marina rao

marina s rao said...

@ SKS

Surely short position will be taken if NS goes below JNSAR, but colour will change to Red in next update.

For starters color coding of cells also help to understand the TA

SKS said...

@ Marina

thanks a lot

ting tang said...

and by looking at CNXIT index charts,my opinion is to trade with caution .., although all have there own views . Has anybody any view on DLF (positional) , am looking at a breakout on this stk.

satheesh said...

Sir,

Can you give me the developing JNSAR of tatamotors? today's JNSAR is 371.7

Ilango said...

@ GV,

GV said...
You said "I know EW" and if you are not able to make money using EW, then you don't know EW.

You said "I know FIBBONACCI RETRACEMENTS" and if you are not able to make money using EW, then you don't know FIBBONACCI RETRACEMENTS.

and so on.

It is no use to read about something without understanding the "way of its application".

Please read Applied Technical Analysis

The day you remove "yourself" and use these "tools" objectively to make money, consider you have gained knowledge. Till then you just "know them" but "won't use them profitably".

Bharat Kumar said...

Ilango Sir - Won't a closing above 6319 today(above WHema) make it bullish on weekly?

abid gavandi said...

What is use of J10SAR level? Expert please give suggestion.

anand said...

Master
As you mentioned - 5th seems to be completed at 6326 now.
So now we should see if NS grows weak or strong below Fib Levels :
23%- 6310, 38% - 6301
with 50-61% range from 6293-6285 now should be held? Below 6293 -> early weakness?

Raman Kapoor said...

Dear Ilango Sir,

On 23rd pre-market view you had mentioned that abc will get completed at 6326-6358 resistance zone. It appears today that abc might have got completed today at 6325. Is there any technicals which are supporting or opposing this?

Muthu Thamizhini said...

Is nifty hit 6326 as told by master?? wow....master....JNSAR apart can anybody please let me know the significance of this number in EW

Raghavendra said...

@ abid gavandi ,

J10 SAR is another SAR like JNSAR. J10 SAR = 10 EMA, which can be used as a SAR trading purposes.

Raghavendra

Ilango said...

@ anand, Raman Kapoor,

For intraday, I would consider "break of 6311" as a sign of weakness.

It is too early to talk about -ve divergences but they are visible & not confirmed yet.

As repeated often, FII buying & VIX falling has resulted in "corrections only" so far. Only when a fall is accompanied by FII selling, VIX rising would give strength to "Bears". Technically too, only an overbought condition should not be a consideration for bearish stance. If accompanied by -ve div of higher T/F would add credence.

anand said...

Thanks a lot Master...

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