Tuesday, May 3, 2011
Nifty PreMarket View
Trading below Weekly Pivot is a certain indication of reaching Wk/Day S1 @ 5666-68 and the momentum as well as the event(RBI policy) is likely to take it to Day R2@5634(50sma), the last support of Bulls.
Bank Nifty has broken below the trading range unlike Nifty and is on the verge of testing its Long Term trendline @ 10980.
Bulls last attempt should be today around the supports mentioned which could result in a bounce or a reversal. Failure to hold the supports would be the last confirmation of downtrend.
Stay with the REDS as reflected here till the GREENS beckon you. This is the LAW.
Resold the second Lot as Suggested at the open.. Remember: When in downtrend, +ve world cues have always attracted "Selling".
Stay with the REDS as reflected here till the GREENS beckon you. This is the LAW.
Resold the second Lot as Suggested at the open.. Remember: When in downtrend, +ve world cues have always attracted "Selling".
Monday, May 2, 2011
Nifty inching towards the bottom half of the trading range.
Those who are interested in trading using "JNSAR Number" would do well to read the articles on "SAR Method".
Read the original write up on JNSAR Method.
Also read the write up on J10.SAR.
Needless to emphasize here that to succeed using any method, do your home work well, understand the system and once done, follow them diligently. Exposure to market will smooth out the rough edges and help you to follow this method of "Trading effortlessly".
Cultivate the art of "patiently sitting through" your trades as per the criteria laid out by this method.
"5630-5640" - 50DMA decides whether it is correction or downtrend.
"5630-5640" - 50DMA decides whether it is correction or downtrend.
Nifty Intraday Update-I
JNSAR trades were effected with filter at times(informed) and without filter sometimes.
Whenever stopped out, it was reflected here.
You need to "Part-book" to able to hold the other position.
Use the aggressive trade levels to "Resell" or "Book Profits".
Whenever stopped out, it was reflected here.
You need to "Part-book" to able to hold the other position.
Use the aggressive trade levels to "Resell" or "Book Profits".
Nifty PreMarket View
50,100&200smas are bearishly aligned(5625;5705;5747) but trading above them.
Month, week & Daily Pivots are bearishly aligned - 5796;5787;5753.
If it is a correction, it should end in a day or two above 5625-5650 zone or from 5700 itself. If not, it will turn into a deeper fall, supported by the reversal in week TA.
Every time JNSAR completes a 1000(28 Trading days), a new counting will be started to keep the table compact.
Misnomer, Harpreet has contributed well with their Gartley studies.
Sanjay & Prabakar have been doing so with their OI analysis.
Kumar has done well with his Option strategies.
Now, I await the "Astro analysis" from...
Month, week & Daily Pivots are bearishly aligned - 5796;5787;5753.
If it is a correction, it should end in a day or two above 5625-5650 zone or from 5700 itself. If not, it will turn into a deeper fall, supported by the reversal in week TA.
Every time JNSAR completes a 1000(28 Trading days), a new counting will be started to keep the table compact.
Misnomer, Harpreet has contributed well with their Gartley studies.
Sanjay & Prabakar have been doing so with their OI analysis.
Kumar has done well with his Option strategies.
Now, I await the "Astro analysis" from...
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