A good combination of EW study and a classic TA analysis with "divergences" shows you some good trade set ups. We've seen a smaller "(iv)"th wave today and a foundation for a larger "iv"th has been laid with a new low today and "The budget day" has reserved for itself a real "roller coaster ride" with a range expansion..Make the best use of it.
17 comments:
@ Syamala,
One of the readers would help you with "Auto refresh" to see the updated comments.
I continue to manually refresh by "Pressing the F5 Key".
SIR,
SINCE, nifty had a unfilled gap, while coming down @ 5417, can we see, the large, uptrending wave 4 , may be limited only to 5400-5405. I mean, can ur WAVE 4, b so short ( 5233-5395-5410 ), leading way for stock specific blast, in between the above mentioned levels & then down again, as mentioned by u.
2.- CAN MARKETS, give a thumbs down to this budget, with hovering around a 5265-5365-5400-5410 ( gap down area, unfilled gap left, on the downside ) till the budget, announcement & then when all the stock specific action ( budget related ) completes, market start tanking, towards the end of the day , ( like done today through rail budget ), & give a complete thumbs down to the budget, breaking the 5177 support in 2 or 3 days, & touch, the fibo retracement no. 5097 on the way down.
IS IT POSSIBLE, since, JNSAR is still pointing down & also, v r below all LEMA,s .
KINDLY COMMENT.
KINDLY COMMENT.
NIFTY WILL TRY TO CLIMB HIGH ON MONDAY, AFTER CONTINUES FALL NOW THERE IS NEWS FOR MARKET AS CRUDE OIL PRICES ARE COME DOWN IT MAY HELP OUR MARKET TO RECOVER A BIT
dear friends,
expectations are low from the union budget. railways budget was lack lustre. i dont fully understand the full implications of the economic survey. however perhaps technically all the indicators are suggesting a downward trend. but still can budget change the mood a bit and lead to some positive response from the market ?
market closed above 5300, is it significant technically ? in the final moments market did show some bit of upward bias but can this gain momentum on the budget day ?
pl have your say .........
"Pressing the F5 Key" is the best option ...auto refresh does not do its job properly.... either on firefox or chrome...
i will not trade on 28th & 29th either positional or intraday... will invest time on studying TA...
Try this for mozilla browser for automatic refresh : https://addons.mozilla.org/en-us/firefox/addon/reloadevery/
If hawala is series-end, we're above the hawala rate of 5260NF. Stage is set to take off, hopefully.:)
@Niftyfutures, wise decision. I should give up my addiction to trading dangerous days too. The last budget gave me a total profit of Rs.12.:)
copied pasted from my older post
dear sirs,,,,,,,,,,, I feel myself to be in a temple whenever I visit this blog.... One query I have in my mind ..... I want the performance of JNSAR and J10SAR for last few years till date........ Its my humble request to master Ilango sir and all blogmates ...anyone has this data and backtested result please forward it to my id coolshahiloving@rediffmail.com please dont think that by asking this I am questioning its sanctity..... thanks and regards -pls excuse my english
@shahilraj, lol, ... 'sanctity' huh? goes with the temple theme.:) Have you considered testing it realtime? I have always found it more useful to do things realtime to develop conviction. Do a papertrade of jnsar/j10 every day and see if you get the results everyone else is talking about.
Ilango,
Could it be possible that wave (iv) is still on ?
5243 = wave (iii) (Thursday's low)
5338 = (Friday's high) = (iv).a
5233 = (Friday's low) = (iv).b
53XX = Monday = (iv).c
@nifty,
Yes. It is possible.
Hence, one should trade using a 5 minute chart spotting OB/OS as well as divergences selling around 5365-5385 with SL 5413 and buying or part booking @ 5275-5285 or @ 5190-5220.
Yoda ji,,,, thts why I sought for excuse......and I am looking for JNSAR & J10sar positional trade results .......thx ®ards
Thanks Ilango. I do have one more query/clarifications which I will post on Monday. Enjoy your weekend with your near and dear one's !
REPOSTING - WHO MISSED EARLIER - thanks for the space sir once again :) Have a happy week end.
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Regards
Sujatha
Courtesy – From one of our “JN-mate” I forgot his name and my sincere thanks to him.
DEAR SIR,
IF I TAKE A NEW TRADE AS PER JNSAR THAN WHAT
WAS THE S/L FOR THAT DAY.
THANKS
Dear Sir,
GM. How to know the volume of the trade that is happening during market hours. What is the criterion on which we base that the volume is low or high ?
What is the meaning of flag; is it the same as engulfing pattern?
Thanks in advance.
LV
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