Thursday, September 18, 2014

Nifty Pre-Market View.

I am fall again sir. This time started well but then indicipline beat me again and this time beaten hard. Why its happen with me ?
why am not getting success despite hard learning in market?
What i do i dont know ?
There are several attemps by me falling.. standing... falling... standing.
Suggestions:
Learning will, at best, helps you to make excellent trading plans.
But implementing it in real market place requires "disconnecting that intelligence...disconnecting the thinking mind during the trade".
You must be a victim of "predicting"..
We have been updating the JNSAR trades everyday in "Pre-Market View".
Let your trades be based on JNSAR trend.... a boring affair. (Recently one of our reader booked 500 points of rise from the 12th August trade and the current trade from 8088 is worth more than 100)
Ask yourself again & again...what you want in life...excitement or truth..Stand up for what you believe in...
marina s rao updates mechanical view of the market regularly as the prices unfold. It is quite boring to repeat the same consistently.
But the "boring stuff" keeps you on the right side of the market.
Let your trading life be full of such boredom...being patient is called boredom. Learn to enjoy the beauty in such waiting.
Read good stuff to keep you motivated and in focus.
Above all....shut your "ears" to the distracting market voices..
= = = == = = = = = = == = = = == = = = = = == = = ==
Prices are moving in a downtrending channel.
FII's are alternating with buying & selling with a subdued VIX.
Prices suggest of:
a) a major correction is underway from 8180. More credence based on TA.
b) the 4th wave unfolding from 8180 , for the rise that started from 7422(as long as it holds above 7841). 
Bearish scenario continues below "8030" towards the larger cluster support at 7856-7917.
Mild Bullishness returns holding 7897-7907 initially as the completion of a "5" for the fall from 8059. Market is not a perfect place. You make your plan but allow for few whipsaws.


32 comments:

marina s rao said...

Namasthe Master & Blogmates.

Wish all Long life, Good Health, Peace & Wealth.

Num Char said...

Good morning Sir and JN Team !!

I like the new daily dose of wisdom , its good .

Couple of years back you used to post advance JnSar trades for part booking and re entering , I liked that too , it gives the opportunity for others to learn and relearn practice ideal place to part book and reenter. yeah I know there will be naysayers for that , but we need to let them go .

Social Media Earthworm said...

Sir , you are rocking ... the amount of insight that comes out in Premarket View is awesome ...It is timeless as your weekend pieces ... Thank you ...

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Vaishnav Shukla said...

Dear Sir
Resolving our problems give great learning..
Its really great to see you are devoting your time for us to have clear insight..
Thank you so much...

Rasendra Zala said...

Good Morning to Ilango Sir and Friends.

Suraj said...

Good Morning Ilango Sir and Friends

Prithvi Raulji said...

@Master,

A Daily Stoch. in Oversold
A Daily RSI In Oversold


iv th a-b-c still in play??

Ilango said...

Yesterday, market provided the resistances to sell at open at "7983-92".

Today, market has provided the support to buy at open at "7937-44"-low made 7939.70.

The complex iv could still in play.

OR considering the day being oversold, "abc" done from 8180 to 7925.

Both these options remain in contention.

8030 would negate the former.

7940 would negate the latter.

Ilango said...

The perfectionist would have waited for the perfect low. (Unmanipulative BN did so).

The prudent trader would have weighed the "Risk-Reward".

Vaishnav Shukla said...

If nifty comes back below 8030 now should we go as per current labeling or now we have confirmation that 5 has started from rise of 7422???

Sonu said...

GM Master and All!

Bhushan said...

Good Morning Gurudev and friends

gs said...

stiff resistance at 8052

vikas said...

Would have..would have.......what u said earlier why not said when nifty was at 7940 in morning

Num Char said...

:) Perils of counting wave ..expecting new low by few points to complete the 5 .
Now ABC becomes the form and its bullish as it looks like now ?

Prithvi Raulji said...

@Vikas,

If you don't like than left the blog

who will invite you to come

gs said...

option experts views oi change by this move

btw tata motors buying interest

Hemant Jadhav said...

yeh kya ho raha hai?? daily fight on this blog!

Num Char said...

@ Vikas

Market is not perfect and no one knows what going to happen next , we discuss probability . If you need to learn and earn , learn this fact that market can do anything .

What sir mentioned that in his comments that it would have been possible trade as we were expecting down , it took hold at 39 which gave feel that its not down move and retraced the fall quickly . You need to be expert like sir to catch that change in signature .And he already said that possibility of abc y'day .
So be humble and learn what you can . :) More trades to come .

Sonu said...

@gs,
I am no expert but it seems this upmove will sustain.More highs on the cards. Highest liquidation in 8000CE followed by 8100CE and 8200CE:

http://www.niftytrader.in/nifty-live-change-in-oi/

and PCR above 1.02 as mentioned yesterday.

With RSI in OS zone, it would take guts of steel to short this market.

Magesh Waran said...

good morning illango sir & blogmets

nirtos said...

Good Morning Sir,
I am following your blog from last one month.
Great insight.You are doing lot of work for other people.

Thanks

vikas said...

Would have..would have.......what u said earlier why not said when nifty was at 7940 in morning

Rajesh Singh said...

illangoji,
Great insight..thank you for your invariable guidance. I completely agree with one who posted the query and your response. Unfortunately, I also got trapped in this downturn due to my indiscipline. This market relentlessly test patrons patience and persons with huge deal of mental strength survives. Also Darvin's theory also comes to play..person who is willing to constantly keep adapting to change in market condition, survives.

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