Thursday, June 12, 2014

NIfty generates "noise" in Hour T/F while its all other higher T/F Technicals are intact..

As the "Title" says, this is the "Trend indicator"; Ideal long entries, especially for deliveries are when it turns up deep in the negative zone. Also, when it corrects in positive territory & comes close to "0" line and turns up. Similarly, for profit booking and selling, the reverse may be applied. And when you read it along with weekly "Macd chart", the performance improves.
The above chart shows Divergences in prices and underlying strength & weakness as "RSI". Note how prices have been trending up in a channel and channel within channel. Wheneever RSI turns down below 80, profit booking starts. Similarly whenever RSI moves above 20, Buying pressure increases. And when these readings show +ve or -ve divergences at the two extremes, risk-reward favours the trader. Whenever RSI reaches "100" or "0", it denotes extreme bullishness or bearishness.
This one is "Traders delight", if only they understand to read it along with "Price ranges", it helps to make excellent trade entries. You could choose to take only those "Low risk-High reward trades" based on its readings. More about it will be explained in due course of time.
Best way to read the "Tech.Table" is to decide which Time frame of technicals you choose to trade and then choose the "Latest signals" generated along with the "Closest numbers to the close prices" to make a trade plan. Tech.Table is read better with a person having sound understanding of "Trend" and "Sideways market". The colour green suggests of upward bias; red, downward bias. Go into the market with a support and resistances for the day and when you initiate your trades at those appropriate levels, you make money on 90% of the time. That is precisely what I do immediately after the market closes-prepare the next day's Pre-Market View and it works well almost all the time. You see it working time and again but not able to "accept it"., not able to surrender yourself to a well-thought-out-study. In stock market, money is made from the numbers and these numbers rarely been manipulated. Your whipsaws happen only in hour T/F but even here, if you stick to "Supports and resistances", you succeed. 
Dear Brothers and Sisters, embrace this TT and say TaTa to your Ego and Get Rich Slowly and Quietly. 

25 comments:

gs said...

thanks master

mayank said...

Wonderful explanation Sir,

Stockathon said...

Thanks a lot Sir...

For re-igniting the flame of trading with Technicals and Indicators.

Though I follow JNSAR, this kind of trading will definitely help in a Sideways market.

And also to trade the JNSAR position when markets pause impulsing.

Wish to read many more such knowledgeable articles from you.

Thank you once again for guiding us throughout.

suresh said...

sir ji,
GREAT & EXCELLENT. Please continue this method of explaination.

suresh said...

sir ji,
similarly if you could give explanations for EW analysis also to complete the study
thanks

Guru Krishnan said...

Thank you Master!! :) :)

anmpatel said...

Good evening master
what a booster dose for weekend....

one query i want to ask about MACD...as u told above that for delivery based trading should combine day and week MACD right? but in case of nifty...

right now day MACD is UP and hrly is correcting...can we combine this day and hrly macd combination for add some more point (by taking trade on hrly basis) in original JNSAR trade.

what i mean to say is i can keep intact my JNSAR position without touch, but can we take advantage of hrly waves...in direction of JNSAR?

in case of hrly macd triggered UP and cross the triggerline...what should be ideal STOP LOSS for that trade in volatility? is it 20 point or should wait for hrly macd to cross -ve to exit that trade?

i am asking this question because i am not comfortable to sell at resistance/ buy at support, Because sometimes it against the jnsar position.

please reply in free time.

thanks again for all your efforts.

J.R.Julius said...

Thank You for the Light Sir - Pranams.

deepak pinto said...

Sir
1 Q
U say use s N r for trading
Now nifty is in uncharted territories
what method does one use to determine supp and res in open seas like these

deepak pinto said...

Nifty picture looks very much like pre results days. Strong upmove then base building and shakeout followed by resumption of trend
Taking consistent supp at 7600 its preparing to launch

Crorepathi said...

You see it working time and again but not able to "accept it"., not able to surrender yourself to a well-thought-out-study

for first 1 year I did not accept but eventually surrendered myself.
Thanks for wonderful teaching.

Raghavendra said...

@ Deepak pinto ji,
Pivots and camarilla numbers in higher time frames work well for resistances in uncharted territory

deepak pinto said...

Thanks Raghavendra
But look at sirs res and supp
They are diff from cam pivot levels
I have asked this q before but still await his answer

shriram said...

Wonderful Master,

Pls explain ur style of diff. in interpretation of RSI & SSTO. signals ?

Es Bill said...

Cool !!! Thanks and wonderful info...

venkatapathy l said...

Marvellous coaching; You are in full form.

Love and regards,

LV

NEVER GIVE UP said...

Good Evening Sir & All Friends.

rajiv malik said...

sebi increases turnover fees on trading.why @CNBCTV18Live @ZeeBusiness @NDTVProfit @BloombergTVInd maintain a silence suppressing this news?

rajiv malik said...

sebi increases turnover fees

We wish to inform you that SEBI vide its notification No. LAD-NRO/GN/2014-15/03/1089 dated 23rd May 2014 has revised the rate of SEBI Turnover fees w.e.f 23rd May 2014.


Fees of Equity Derivatives Segment: Revised from 0.0001 per cent of turnover i.e. Rs 10 per crore to 0.0002 per cent of turnover i.e. Rs. Rs. 20 per crore.

Fees of Currency Derivatives: Revised from 0.0001 per cent of turnover i.e. Rs 10 per crore to 0.0002 per cent of turnover i.e. Rs. Rs. 20 per crore.

Interest Rate Futures: Revised from 0.000025 per cent of turnover i.e. Rs.2.5 per crore to 0.00005 per cent of turnover i.e. Rs. 5 per crore.

Debt: Revised from 0.00001 per cent of turnover i.e. Rs. 1 per crore to 0.00002 per cent of turnover i.e. Rs. 2 per crore.


SEBI Turnover fee is recovered under the head “other charges” in contract note which also includes charge towards exchange transaction charge and stamp duty. Accordingly, the rate of other charges would get increased by the rate mentioned above for the respective segment. SEBI notification is attached for your kind reference.

Excel Punter said...

Excellent explanation, Sir! Thanks.

Prasad said...

Good morning Sir and blogmates,
Sir, sincere thanks for refresher course.Needed a reminder to follow TT , always.

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