Friday, June 13, 2014

Nifty Intraday Update-III


69 comments:

SKS said...

sir's mail to deepak sharma on 12th june

(7)th is JNSAR(JustNifty's Stop And Reverse Number)-this is relevant to JNSAR followers. You initiate a "Long position" once this number is breached on the upside with a minimum of 2 Lots and manage the trade with 25 points(be flexible here using other key numbers, if any) filter for 2 days while part booking with the first Lot, re-initiating the 1st lot on retracements during corrections and reverse all trades when the JNSAR is breached on the downside and reverse your trades to "Short position" immediately with 2 Lots. As you gain technical knowledge, your part booking and reversing the positions get improved.

anmpatel said...

@Prabhanshu
diff ways trader use jnsar here is..
1. use filter for 0,1,2 day then no filer...
2. use 20 point filter for every time...
3. use no filter just "hard" no for daily...
real essence of sar is once triggered keep the trade for next day...but it hurt more so above diff methods...

shriram said...

BN almost achvs the -WW tgt of 15,100 :-)

Prabhanshu Raman said...

Sir, 7670 till 7531 - 5 waves? And now a done at 7565+. B is on or done near 7540

Btw, tisco t1 done... waiting for bhel

herry said...

dear sir given point of viwe..? whema is 7489 sl of 2 wave..?

Sonu said...
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anmpatel said...
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Guru Krishnan said...

75k PE is the strong base for this series (till NOW)... watch out..it can be a trap too!!

Guru Krishnan said...

read *it as (this fall)

Ilango said...

@ SKS,

DHEma+20 was changed to DHEma+30 to suggest that "instead of 20 points, we need to take 30points" as filter - this has been done few days after the "Major break-out" when few readers asked for "any change in filter".

In reply to Deepak Sharma, I have inadvertently put it as 25 points. Depending on volatility and large moves one should use filters.

Despite all the efforts, some whipsaws are bound to happen during initial stage of reversal.

Experienced traders should use "Supports and resistances" to trade their position to minimise this. Sound technical knowledge helps besides our pre-market suggestions for "Conservative traders of a break down below 7610".

shriram said...

Master,

7676-7526 = 150pts has done , 150% x (7700-7600) .. to be seen as ZZ done, or 1-2-3 is playin still ??

Ilango said...

Another method is to use a filter to day's JNSAR.

SKS said...

Thank You Sir

Ilango said...

@ shriram ,

3-3-5 seems to be done at 7525 from 7700.

Zigzag comes into play below 7525.

Sujatha said...

GA sir nd friends :)

¿¿ʇǝƃpnq ǝɥʇ ɹoɟ ʎpɐǝɹ ƃuıʇʇǝƃ puɐ ¿¿ʍol ǝq llıʍ ʎɹıdxǝ ǝlqıssod sɐ ɥɔnɯ sɐ

Sonu said...

Nifty took support at DLEMA - 20

shriram said...

Master,

Tks sir.

@ Suja: 1st u write like Jalebi Bai.. now this ulta BATMAN.. wot is happening to u ? ;-)))

J.R.Julius said...
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The_Unprejudiced_Observer said...

@ Sujatha
Again and again you prove that you are a genius.

J.R.Julius said...

@Sir,
Thanks for the continuous efforts giving ratios to follow.
Giving new perspectives! Thank You.

@Sujatha,
Boss - Nera type pannale puriyathu- ethukku intha vela?

@Everyone,
Lo.EMA@7545
-
If someone missed the good opportunities,
If someone booked whipsaws:
World is not going to be End.
No Worries - Market is Always there.
Try to follow any comfortable strategy,
Success will follow you consistently
.
-
Have a Happy Week End.

Aly said...

Dear Sir,

7530-7565-7526-7560 isnt it part of an irregular correction?

Guru Krishnan said...

Sujatha --- firste yennaku kannu nollai ithulla thalageela vera HINDI le yennomo yezhudhunamadhiri irrukku ippo.. :D

Ilango said...

@ Aly ,

Very much possible.(Holding below 7570)

Sujatha said...

shriram ji - A title has given to me "i am always with ulta-pulta view" (actually i am doing with some basics only not blindly) so y not i try "ulta writing"???? hehe . It's sir's "Broadmind" he is allowing me to roam here :)

TUO - delete ur comment - genius persons who r in silent mode will fight with you :)

chetas said...

sujatha,

dosa thirrupi poddunga

Sujatha said...

Julius - anyway nobody is going to read my comment, if at all read - they can't understand, so no worry for me..just enjoying by posting .with thanks to sir...who's patiently "not caring me" hehe, "thanni thelichi vittutar" yenna pannaradhunnu vittutar..pona pogudhunnu..time pass

shriram said...

@ Suja: ur beyond all science ;-)

For ur view.. how bout sideways next wk & an expiry wk rally by Fund Managers to jack up Q1 NAVs ?

Makes for a good story !

Aly said...

Sir,

Thanks. It looks like an irregular because of 3-wave fall from 7565-7526.

But your point about 7526 being completion of 5 wave has put some doubt as it is at the lower trendline of parallel channel drawn from 7700-7680 and 7579 low

mayank said...

Seems like we are looking at Hanging man in weekly charts . Last one hour for weekly closing .

Regards

Prabhanshu Raman said...

Sir, does it mean holding 7525, we can say correction over? And now direction up?

shriram said...

OI adds suggests 7600 is sealed by Bears for next few days

Rajaram'z said...

Sir for JNSAR do we change the filter or still keep 20 points.

anmpatel said...

..ha...ha...
what if nifty close above today''s jnsar and below monday's jnsar!!!??
anybody??

Aly said...

@ anmpatel

it can :)

i would try mid-point approach in that case

Sonu said...

@Shriram Sir,
7500 still a support... OI wise

shriram said...

Yes sonu: Strangle writer's paradise coming ahead next wk

ravi said...

@master , seniors,
keeping in view limited downside from current level, can we slowly start building up longs or calls for expiry

Ilango said...

@ Prabhanshu Raman,

The play ground just got wider - 7700-7300.

As you see in most grounds, all kinds of games are on.

There is a flat-will get negated below 7525.

There is a zigzag which can take it quite lower...

And there is "B" marked - scary to 7300 approx.

Prabhanshu Raman said...

Oi added in 75kpe, closed it.. v less addition. Although 75kce added closed to 1lac. Pe writers adding in 7300

anmpatel said...

@Aly
mid-point approach? please tell me.
thanks.

Sujatha said...

shriram ji - good valid point...agree with you

1) in that case, y sideways?? straight way to .......then upmove or else
2) Q! NAV is not must...as year end closing is good, so expiry is low getting ready for budget??
3) or July too -ve???

don't forget the "monsoon" thalaiva...if it fails???? GDP will take hit...if average monsoon fails means, how much GDP will come down.?? it's modi/RBI governor's headache :) no worry for me :D by budget should not get deficit that;s all. now all in the paper work..sofar fundamental not changed and it will take "long time" there is no end for "talking about non-technical matters" thing is "how v r going to utilise it" apart from technicals..

anmpatel said...

@master
previously in monthly chart there was big red "B" as alternate count above 7k++, recently you removed it...so at which level it will appear!!

Aly said...

@amnpatel,

I will take mid-point of 7568 and 7537 which will be 7552 as JNSAR. In which case my stoploss would be based on this mid-point instead of JNSAR

~I havent tried and backtested this approach but this is just one solution which came to my mind.

Ilango said...

3.00PM TT & Chart Updated.

shriram said...

Suja: Q1, NAV mgmt has happened for the last 5 yrs stgt.. PATTER RECOG , tats y :-)

Raman Kapoor said...
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Harsh Mehta said...

BN just did 61.8% @ 15094 for rise 14709-15726...

intraday trader said...

sir according to ur ysday post now we broke one channel next is 7400 http://3.bp.blogspot.com/-B8G_XAWZ0Ns/U5l_AqaD1bI/AAAAAAABMZY/kXz3HxV1GfI/s1600/1.JPG

Sonu said...

if Closing is:
Above WHEMA
Above WkHEMA
Below DLEMA
JNSAR long today
JNSAR short Monday

How to decipher this puzzle?
Can someone pls guide?

shriram said...

pt to note TIME wise.. suspect retrace to 7216-7700 shud ideally do 4-9 sessions.. today is just the 3rd day !

anmpatel said...

Oh god give me close below 7537 or abvoe 7567....otherwise sujatha's "cat on wall"...ye billi hamesha diwar pe hi kyu???

anmpatel said...

@sonu
if a matter of JNSAR....now after 3pm close below 7567 is enough to hold shorts...

@PS
can u throw some more light!!

shriram said...

@ ANMP:
Becoz in corrective modes price close on "LOCAL MAXIMAs" .. which are not caught by the SMOOTHENING agents i.e MAs

Baat ki nazakaat ko samjho !!

durga said...

GOODAFTERNOON MASTER n blog mates
@SONU what you have stated are facts --yu will know the TRUTH ON MONDAY--easy easy

herry said...

dear ilango sir today close below 7570 jnsar is hit can 1st sell @ leval..?

Sujatha said...

shriram ji - in that case give me next week itself 7300 and 7200 :) NF

Aly said...

@Sonu,

If it had been so easy to make money, every tom, dick and harry would have been doing it

Ilango said...

@ Sonu,

There is no puzzle.

Prices broke 7638-for aggressive trader for a short trade towards DLEma.

Prices broke 7610-for conservative trader for a short trade towards DLEma.

Now prices found support in the zone of DLEma to DLEma-30, a bounce is on. And this bounce should be played "intra" only since the close is likely to be between "DHEma and DLEma" - a sideways market till momentum picks up on downside.

However, persons who initiated shorts either at 7638 or 7610 break, could carry shorts after having part-booked.

Aly said...

~not to hurt anyone's sentiment but that is how markets behave

shriram said...

The -WW tgt is done, and now to simple eyes, BNS still has 300-350 pts downsides per a Hr TA HnS ??

Suja--> lets see if ur wish comes true next wk then !

Bye all, have a nice weekend :-)

anmpatel said...

from 7526-7563 rise....80% 7533 broken...

sometimesbullsometimesbear said...

@Ilangoji said....The playground got just bigger....:):) Wonderful......Great insight.....:):)

FIFA is also going on. na......:):)

@Confusion@puzzle.....plssssssssssssss

Aap sab JNSAR trader ho.....stick to JNSAR number with filter/without filter/Double filter/Monday JNSAR........JUST STICK TO UR SYSTEM....WITH TOTAL FAITH.......so no confusion.....

Have a wonderful weekend friends....Exciting Monday awaits...:):)

anmpatel said...

@aly
please tell me the mid point approach....

Aly said...

Aly said...
@amnpatel,

I will take mid-point of 7568 and 7537 which will be 7552 as JNSAR. In which case my stoploss would be based on this mid-point instead of JNSAR

~I havent tried and backtested this approach but this is just one solution which came to my mind.
June 13, 2014 at 2:59 PM

btw it seems to be a sell as per the current running avg

marina s rao said...

Day Low : 7525.35 Day High : 7678.50 Range : 153 Points Day Pivot : 7634 Hr. Pivot : 7541

NS just above HKPC ( Hepta Kilo Penta Cent).

Currently hovering around @ 7535.

NS gone much below Day Pivot @ 7634 displaying weakness.

NS in SAH mode in Hr. T/F & in Day T/F.

Strength returns above Hr Pivot @ 7541, D Lema @ 7543 & Hr Ema @ 7580.

SAH = Sell And Hold

Hepta Kilo Penta Cent = 7500

anmpatel said...

@aly..
thanks.
have a happy week end to all...

Raghavendra said...

A small falling wedge in BN 2 mins - may not be relevant today.

Sonu said...

Thanks Ilango Sir for clarifiction.
I wans't sure bcoz the hourly RSI just touched OS. Nifty was near JNSAR and Week still in uptrend.

Sonu said...

typo... pls read clarification

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