Thursday, August 21, 2014

Nifty Intraday Update-I


28 comments:

Prabhanshu Raman said...

A small IHNS can be seen in Nifty 5 min spot. Neckline at 7894.50. Diff between head and neckline is aprx 30 points. So, aprx upside due to this IHNS can be till 7920

Prabhanshu Raman said...

Sorry typo error "aprx upside due to this IHNS can be till 7924"

kumar said...

Sir your view on SBI pls .

deepak pinto said...

need some time to overcome 900 oi

kizar khan said...

Good morning prabhansu sir, after IHNS 7924, -ww will continue .typing from mobile

Rajesh Singh said...

Goodmorning Ilangoji,
I have one clarrification
Yesterday on ‘Nifty Intraday Update-I’, You posted....
As long as 34 Hr sma is protected, uptrend continues.
If prices, after breaking the hour channel, fails to move back into the channel.....
If prices, by EOD, closes below DHEma....
then "trading mode" comes into play between HEma to LEma..

I see this trading method in your daily chart also. I have been following this from last 2 months and see it working very well. But unable to link to JNSAR

My question is..
Is this upgraded version of JNSAR trading? In this trading method, I don’t see role of JNSAR. Please correct me if my understanding is wrong.
In one of your writeup, I did see that you wrote ...if price and/or JNSAR comes in between DHEma & DLEma, its trading mode..
Please clarify the role of JNSAR in this particular trading method

Prabhanshu Raman said...

Kizar, -ww didnt trigger till now.

kizar khan said...

Sir how to check in simple terminology I'm poor in calculations

Ilango said...

@ Rajesh Singh,

JNSAR trading is based on Day T/F and is for positional trading.

21 & 34 Hr smas and other technical analysis discussed in Pre-Market "everyday" is for day trading.

When you find some views are counter to JNSAR trend, choose only those that are in the direction of the trend. The re-entry strategies are listed in the Pre-Mkt's trade table.

JNSAR, SAR Trading is one method of making trades.

There are so many methods are available in the market. Whatever you choose, follow that method, accepting its flaws and expressing gratitude to its strengths. It is wrong to compare two methods. It may be fun filled debate but in the trading arena, to make money consistently, you have to be firm with your convictions.

I flow with the market and most of my pre-mkt observations are "nothing to do with JNSAR".

Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 11:00AM, Pivot-7896, R1-7910, R2-7930, VWAP-7907

The 7900PE writers on overdirve and making sure that the level is held for the day, Buy all Dips toward 7895 NF…

Thanks & Regards

Ilango said...

11.00AM TT & Chart Updated.

Prabhanshu Raman said...

Sir, 7865 till 7920 => 5 waves?

Prabhanshu Raman said...

Oops, jz saw updated tt. Thanks.

Prabhanshu Raman said...

Kizar, Shriram had shared book on wolfe wave in JN group. Just go thru it once. Probably you may understand very well abt ww post that

deepak pinto said...

can we say abc 4 done at 860 ?

cooldent said...

sir

Why retrace from 7892?

vksoni said...

sir,
can expect " rollover pressure" here?
which bring nf towards low again in trading mode.

Sonu said...

Bulls aggressively marching to capture 7900. BN holding Nifty tight.

Bears beware. Very close contest at 7900 for now.
http://www.niftytrader.in/live-nifty-open-interest/

kumar said...




Sir your view on SBI pls .

Unknown said...

RIL barely standing at 20% of its EOD fibo

Unknown said...

1000/10 is the 20% fibo on RIL

Amit Agarwal said...

Dear Rajesh Singh, only Ullu banoing..ullu banaoing..

prakashbkc said...

GM Master,

"Rollover Pressure" in Premarket what does it mean, as nifty makes day high near 7923 ?

FNO HOUSE said...

Dear ilango sir BN tow month high 15726 and today high 15722 so resistance ...? stock wealth....resistance 15735...B wave is unfplding...?

Sonu said...

The fall may not sustain if 7900PE stays strong.

Keep an eye on 7900PE for early signals:
http://www.niftytrader.in

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