Monday, January 20, 2014

Nifty Intraday Update-I


27 comments:

Karthik said...

Ilango Ji,
i asked this earlier in a different way and prabhat helped a bit.. do you think 6350 CE should be exited now? my price is pretty steep @ 45... would appreciate your comments as my thought process looks to be very biased due to sudden down moves of past 2 days..

GV said...

Hi SKS,
today i sell @day jnsar 6247. but it is going upside. now am i waiting for SL 6267?

GV said...

@sks
oh god.... my day jnsar SL hit.

GV said...

@ilango master ji'
my day jnsar SL hit. what next? shall i wait again for sell?

ITradeForProfit Daily said...

Nifty in ND Sir's ATR Sell zone now

sometimesbullsometimesbear said...

As per the JNSAR System ...

@GV SL 6267 is also hit at 10:13 hours...

Now u are long Nifty at 6267 with a SL of 6227 on the downside....

Have a great day :));))

SKS said...

@ SBSB

shouldnt the SL be 6247??

SKS said...

@ SBSB

6247+20 = 6267 SAR

6267-20 = 6247 again SAR

Kiran said...

While the cat's away the mice will play.
US market close, Indian bulls making highs...

SKS said...

@ SBSB

Can u pl clarify??

Nifty Trader said...

@ GV

SAR is stop & reverse system.

So you Short @ 6247 & book loss at 6267.

After that you go Long @ 6267 with SL @ 6247 .

If you had followed the system even though you lost 20 points in your first trade you would have made 35 in the next trade within minutes . So net net 15 points in Intraday.

Don't wait for another short opportunity. Just stay with the system and go Long/Short as per system.

kat said...

Good morning Ilango sir and all the Blog mates!

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-6282, S1-6226, R1-6318, VWAP-6285

Nifty has been oscillating within the range of 100 points for the last few days, with breakdown below 6215 and breakout above 6354, till then Buy the dips and Sell the rise…

Thanks & Regards

Aly said...

on friday afternoon session saw huge unwinding in 63K and 62K PEs, today huge writing seen in both the strikes. does it mean correction from 6347 over?

shriram said...

Master,

Are 5 waves up, nearing completion from today's low @ 6243 ?

ITradeForProfit Daily said...

A rounding top on the 15 min NS chart may get confirmed if sustains below 6295 within next 20 minutes. Target 6255 SL 6305 may get triggered then.

Aly said...

@ITFPD,

good trade with a small stop loss. however JNSAR is long and hence not taking the trade

sometimesbullsometimesbear said...

@ GV et al...

20 pt Filter can be kept on the trade value or on JNSAR value ...depends on how u have back tested the system and validated it....

Just stick to the system u have developed.....consistently.....do not change colors....

I use 20 pt filter on the JNSAR value....but pls DO NOT go by my trades coz I have other validated systems and parameters too that I use.....:):):)

Apologize for the delayed reply... am busy on mah broker's terminal....

Hv a great day.....Luv...:):)

GV said...

hi friends
last time i missed day jnsar trade because of Pongal busy. so overall i have nil position now. what to do?

SKS said...

@ GV

If NS comes to 6267 go long with SAR @ 6247.

GV said...

SKS
now already nifty is 6287. so how i long @6267?

Shiv Kumar P P said...

Just an observation... Nifty is creating a H&S pattern in hourly time frame... left shoulder built at 6288, Head at 6345, now forming right shoulder at approx. 6303-6312 range... neckline break below 6250... top of head to the neck line 100 points... target 6250-100=6150... the trendline support also near 6150... is this view valid master & seniors ???

Aly said...

Dear Ilango sir,

Weak below 6267???

Prabhat said...

@GV: I would advise patience. Losing out on profit is much better than losing out by loss.

My personal viewpoint (trade by your own wisedom): Next 5 min candle below 6296 NF is shorting opportunity with 6309 (NS) being the SL. In case nifty moves past 6309 (NS) then it may turn into buy with 6294 NF being SL. THe range between them is no trade zone.

Do not force yourself to trade looking at others who have already got into position. If in doubt, refrain from trading. Stock mkts are there for life to make enough money.

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