FII's have started selling after 9 days of buying- a consolidation within the major uptrend.
Prices, in the short term, have closed below two key ST averages. (As long as prices close below these, technicals remain weak; only a close/sustaining above it would reverse the ST trend)The ST direction is "biased Down"(but oversold & attempting a bounce), as long as prices stay below 7481-88 & close below these two key averages (21 or 34 hr smas).
The strategy that has worked consistently well with low risk-high reward ratio is "Initiating a trade at 50%-61.8% retrace with 80% as SL". Adapt to it.
Aggressively Holding below 7478(3-Hr High), Conservatively Holding below 7531(DEma), downtrend continues....
Aggressively Holding above 7424(WLEma), Conservatively Holding above 7401(50DSma), minor rally likely....
35 comments:
Good Morning Sir & All Friends.
GM All.
Wish all Long Life, Health, Peace & Wealth.
Good Morning to Ilango Sir & Friend.
Good Morning Dear Sir, Bros. & Sis's,
Have A Happy Day.
From 7447(at 15.16 Hrs, 14th July) to 7521, a 5-waves almost done...
7493 7484 ... is 38%-50% retrace of the last rise from …… 7447 to 7521
80% is - 7462
If strength to return again, it should be around 7493 7484
Weakness gets confirmed Below 7484 OR 7462
GM Sir and Friends.
Prabhanshu Raman said...
Above 7477, +ww may trigger if 2 hrs closes above it. 1-4 line tgts comes to 7800+
July 14, 2014 at 1:35 PM
Bharat: Not seen RCOM chart yet, will do it tonight.
See this:
http://prntscr.com/42sxsz
Wish a Very Happy Just Nifty Anniversary
hello sir
I HAVE BEEN WATCHING UR SITE LAST ONE YEAR. BUT HESITATE TO ENTER. SOMEDAYS NIFTY DAYS HIGH IS ABOVE UR SHORT JNSAR POSITION. THAT TIME HOW U MANAGE?
PLZ REPLY ANYBODY.....
DONT WORRY ABOUT MARKET MATES.... TODAY IS A UPDAY... BUT NOW IT WILL GO DOWN ...
Good Morning Master and friends.. have a great day...
@ Master BIG SALUTE to you on completing 6 strong years of Just nifty and for your selfless service..
Cheers
GK
Namaste Sir and all,
JUST NIFTY FIRST POST CLICK HERE
Thanks a lot for this initial step of your which has Guided/Enlightened many many traders/investors to traverse within the dark maze of equity markets. Thanks once again SIr. Pranams to you :)
MASTER.... MY HEARTY HATS OFF TO UR ONGOING SERVIVE.... HAPPY WELCOME 7 TH YEAR...
Good Morning Ilango Sir and Friends
Happy Anniversary
Thanks Sir for 6 years of continuos guidance , unbelievable ,this is height of Karma Yoga A true example to world that we Indians pass knowledge free for the benefit of the society unlike West where every single thing under sun would be monetized
FRIENDS.... EXPAIN MY DOUBT...
@SS CBE
I would humbly suggest you to read this first, which is in the top right corner...
Always Start Trading with these
1. Trending or Sideways.?
2. Pivot, support & Resistance
3. ORB
4. Divergences + / -
5. Trade time cycle-Min/Hr/Day
6. JNSAR Trading method
7. Trading Discipline
8. Tech. Table Reading.
@Satheesh ma'am the link was not created....repost it pls....
However u can also scroll down the Blog Archive on the right side and see the first few posts....and comment on the first post also.......The first comment was from DR on July 15, 2008....:):)
July 15, 2008.....Nifty Ahead
July 16, 2008.....Nifty for a week...
July 17, 2008.....Nifty tired...
July 18, 2008.....Nifty's day out..
July 19................Nifty breaks out...
July 20................Nifty halts....
July 15, 2014....Nifty Premarket view......
Such a long journey......
Ilangoji and JN team wish u a very happy and joyous anniversary and hope to see JN through Nifty 15000 and Sensex 45000.....:..and hope to see all here with net worth of greater than eight figures....:):)
dear sir positiol nifty above 7661 can 7422 is 2nd is done...?
sir congratularions, and wishing many more years of this journey
Sir ji,
Wish You Happy Aniversary
@ master
Many Congratulations on completing six years of Just Nifty and helping millions transform through your dedication and single minded focus.Salutations to you !!!
STBSTB,
Good numbers, but please wish it with timeline :) before this year end lets take Nifty to 15000 and BN 30000!
Sr
What s the optimal settings of MACD
long period
short period
EMA period for hourly observation of nity
happy anniversary dear sir and all the best to everyone
Only thing I can say is - we are blessed that you started this blog.
Thank You
Pranam Gurudeve......
Today on this occasion of Anniversary of Just Nifty Blog…
Many Many Happy Returns of Just Nifty
No words to express my happiness for providing me the place in your heart for learning.
ज्ञानशक्तिसमारूढः तत्त्वमालाविà¤ूषितः ।
à¤ुक्तिमुक्तिप्रदाता च तस्मै श्रीगुरवे नमः ॥
@Master,
Happy Anniversary
New Post Done.
Happy birthday Just Nifty, Congratulations Ilango Sir and all the blog mates for making this blog what it is today.
Best wishes to JN Family for completing 6 years
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