The corrective fall from 7841 to 7540 showed a distinct 3-wave fall.
The fall from 7752 to 7540 was labelled with 5 sub-waves.
We, hence, looked for a retrace upto 7664-75, above which market could rally anywhere and it broke past the resisting trendline, again at 7675.
The reliable 9-Day rsi suggests of a reversal from its critical support which would depend on prices holding above 7625-35(50dsma) in the coming days. There is also a fast rise set up developing between 5 & 50 dsma.
Strength has returned with prices closing above 50 dsma @ 7624-34 and would continue staying above 7663, 2-Hour Low.
Minor resistances are in the region of 7749-55, above which 7799-7809.
(Last rise retrace considered from 7661)
27 comments:
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In Trade Table :
JNSAR 13.08.2014 - WEDNESDAY at 7675 NS or 7667 NS ?
Guru ji charan vandan
Good Morning Dear Sir, Bros. & Sis's,
Have A Happy Day.
Good Mng Sir and Friends.
Hi sir,
Good Morning.
weekly trend up or down sir? Hema is red and JNSAR is green!
regards
Good Morning Sir & JN Family
@ kumar k,
Week trend is down since Y's close is below WkHema.
Plz refer to Trade Table above.
I am new to JNSAR. Can anyone please explain me how it works and what should be trades depending on today's JNSAR number of 7667? Thanks.
Prabhanshu - Bhel gone? Why sudden downfall- any idea?
Good Morning Sir & Friends...
Thank u marina s rao.But JNSAR clashing with HEMA?
Happy Birthday Gauresh Sir :)
Hi Bhavin SAR means StopAndReverse level.JN means Just Nifty I guess .but dont know what is 10.JNSAR.because I am also new here.we need to read tech table post I think .
Sir tech table reading comprises all the things in table?
I read Tech Table reading...nothing mentioned about JNSAR there... J10SAR is may be 10 day avg of SAR... wild guess :)
*J10SAR
GM SIR n mates. NS below 7725 n sustaining below this will slide to 7690. I expect CARNAGE below this
bb - bad result
Bullish:
7708 7698 ... is 38%-50% retrace of the last rise from …… 7655 to 7740
80% is - 7672
If strength to return again, it should be around 7708 7698
Weakness gets confirmed Below 7698 OR 7672
Thanks Kumar K. But how do we trade using JNSAR? Can you or someone please explain with today's JNSAR number of 7667?
New Post Done.
(vth from 7655 seem to be sub-dividing from 7624)
its self eplanatory Bhavin JNSAR already triggered at 7667 and already 80+.I am also new but slowly will understand
Ok Kumar. So short call initiates when NS goes below 7667?
Bhavin
We are long on jnsar from yesterday. Today if nifty goes below 7667 (or 7667 minus a filter) we will be covering our long and going short
Thanks Cooldent.
Ok now I get few things about JNSAR.
But one question - Yday JNSAR was 7675 and today it is 7667. You guys are long on JNSAR since yday so if nifty goes below 7667 you make loss... don't you or I am missing something? Sorry for all these questions as I am new with this technique.
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