Good work you are doing with OI updates and TA inputs.
Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
-
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
128 comments:
jay..5506 prev day NF ATP
Tigar bhaiya aur sabhi Mitro ko Namaskaar!
Sher wala to TIGER hota hai TIGAR nahi? Nifty apne kal ke gains ko consolidate kar rahi hai aur jab tak spot 5492 ke upar hai koyi danger nahi hai.
Manoj
sir ,
last time you decided the pivot high which leads to new low
imp for change of trend (5833) now 5539 led to new low
5402. why u r not giving importance to it and retaining the earlier
high 5801 as imp one?
Fire : BN Long on??? Even Sir has blessed it.
daily JNSAR @5530 triggered.. right ???
@RG,
BN long on with more quantity allocated to it than Nifty. It looks better to me from the trend perspective.
Bank Nifty Breakout.....shorties be careful
Manojbhaiya, Shukriya. Galti batane ke liye. Par hamare
liye 'Tigar'spell shubh hai.
***Posted in the earlier page message for commodity trading friends. As is my usual luck, Sir has censored it with "New Post" !!!. Please tell me whether you have adopted my suggestion.
Good Morning Sir and Warriors
Tigar bhaiya,
Wo sirf correction ke liye tha baaki jo khud ko achcha lage ya shubh lage wo rakho aur Bindaas raho, Man changa to kathouti me Ganga...aap to waise bhi mast insaan ho.
GM Everybody,
Tigar...friend the name is powerful. It is an ancient river flowing thro Egypt...(remember it as a tributory of river Nile (5th std Tamil medium History).
BN Jnsar triggered at 10665...dh now at 10747...
it seems bottom is shifting upwards slowly.
what a memory rg sir.
is commodity easier than nifty?
@ PS,
5539 high is simply a very small high compared to the fall from 5801 to 5402.
Besides the last time, there was only one other high-the starting point 6181 and hence 5874 was taken into account.
This time, 5801 would be a true indicator. And a faster retracement alone can confirm a reversal.
But for traders, at this juncture, the use of other methods brings in the money.
PS : My dear Professor, if you call it tough...I must be hiding below the bench. Just try Crude and Gold. Nothing else. Adherence to the tech table is simply impeccable. Avoid the volatile ones as Silver etc. You will be very satisfied and tense free.Knowing your being a stickler for the rule book, I will be LEAST surprised with your SUCCESS.
bandhoo logon ko pranam !
BN 100points done alrdy on jnsar...........
@niftyfutures. JNSAR for today is 5556 not 5530
@ PS,
Yesterday, ORB & Pivot gave an excellent entry for longs.
Today, ORB would have given an early entry.
Also noted in 1min chart, the upmoves are in "5-waves" and downmoves are in "3-waves" so far.
Vidya...wish you had indicated the SAR earlier. Exited c/f Long. Now will wait for re entry level. What could be it? Friday 2.30 is also there-bar hunting FIIs.
just this one:
looks like VI and SR are pulling PS between NY and CY.
now 5520-25 should be strong support
Dear RG sir,
JNSAR long trade hit or we still holding JNSAR SHORTS??
@cooldent, but the update of daily JNSAR @10:00 a,shows 5530... am i missing something here or everything ???
Good Morning Mr.Ilango & Blogmates.
I really appreciate Mr. Ilango for his selfless efforts
of educating budding Traders. His commendable approach
of extending a helping hand is really an inspiration.
I found this Blog through interaction with Anuj who is
Blog Owner of Finance & Trading Made Easy.
Recently I have started my Blog for Self Education and
for those who just are at the brink of entering the
Trading World and need some helping push.
I have today uploaded a Put/Call Data Fetcher at my
Blog for getting RT Data of Options of current month
into an excel file. The Data is fetched from NSE site.
Just Refresh the data and get the real time update from
NSE. I hope it may be of some help.
Aryan.
Prabakar said...
@Yoda Mam,
As of now MACD & Stoch crossing below in 1 & 5 min T/F, so there will be an initial downmove before going up.
February 4, 2011 9:20 AM
Very Proud of you Prabha.
Charu - waiting for confirmation from Nifty specialists.
cooldent said...
@niftyfutures. JNSAR for today is 5556 not 5530
@nifty futures
that 5530 one is 2morow's jnsar..but still abov 5532 recent high is a safe attempt only..also when nf crossed 5546.
today dh spot is 5555.25 and jnsar for 2dy is 5556...so ...Sir, can I take it for granted that jnsar triggered in nifty?
it may go up to 5575-5580 before any downmove
@nifty futures: 5530 houlry JNSAR and 5556 is daily jnsar.
@ Cooldent,
Nifty futures has gained an early entry..
now spot dh 5555.95
5556.3 jnsar triggerd.
Day JNSAR triggered!
prashantbhai long in nf at 5547
@ Vidya,
At certain junctures, based on TA, you use "ORB" & "Pivot of the day" to initiate trades which may extend to a JNSAR trade.
The Jnsar trade before the "last short" gave 70 points only. This one's fate will be known above 5600-5625.
thank u sir , my conservative i had switched to longs
since yesterday. for jnsar i dont tinker.
let me complete certain benchmarks here. then i plan to start
it
for rg sir,
let me complete certain benchmarks here. then i plan to start
it
yes Illango sir. many strong hurdles for this jnsar this time...and 200dma mainly.
JNSR is a spot value or Future, please let me know.
@raju
JNSAR is always on Spot values only...
Infact all the values in tech table are also spot based except market profile values.
Thank you Ilango Sir and RG Sir. Always with the blessings of seniors.
I was away for last 30 minutes. Just noticed. Very Happy that my inputs are useful.
From 10.20 am today, i could see an OI addition of 182200 in 5500 PE > 5500 CE. So for atleast next hour current position may hold.
SBI is now abov 200ema at 2680 range...dh 2695..small hurdle at 2720..above that it should rock.
RG Sir,
Shall be grateful if you could help with JNSAR with commodities
Dear SaiBhakt!
Us din aapka style galat tha apni baat kahne ka par aapki observation bilkul theek thi aur jab se aapne dil se sorry feel kiya hai aapki analysis right direction me ja rahi hai..dekha aapne apne +ve attitude ka kamaal.
ICICI above 1036..1049 and 1065 good levels to watch..and ICICI and SBI both will lift BN to 100 to 150 more points.
seems like 5th of C over with -ve div, 3-3-3 shall now begin :-?
Arvind - remember your earlier request(sorry). We can use the 10EMA confidently.
Also noticed that 5600 CE oi is increasing steadily from morning. Not even once from morning there was a reduction in OI of 5600 CE. From this the view is that NS may not cross 5600 today.
An OI addition of 380900 in 5600 CE till 10:55 am today.
dear RG sir, is it the 10EMA with hourly or daily chart timeframe?
good morning sir powertrade fire and friends
Thank you vidya. Can i enter long according to JNSR.
the way nifty is fallimg looks like it may break 5490
danger zone
Sir
Based on 5556 JNSAR. Long inititaed. What should be SL.
again got support at 5519-20
Ilango sir, wht can b sl for intraday longs??
@prabakar ...
Your OI inputs are really great ...
totally surprised ay ytestrday fii dii data. every body in media even thought that dii are buying to push market up because fii are in holiday mood. its totally differance isnt it
Vidya..10EMA daily. I use daily TA only.Must incorporate weekly levels.
Yt A fall.
sorry for not posting shorted @ 5552 cover @ 5532.
All as per volume Profile
@Nimesh Bhai, JSK and Thanks.
10 to 11 am
optidx Diff. OI
5400 PE = + 73550
5500 PE = + 218300
5600 PE = + 55400
5400 CE = - 20450
5500 CE = - 35800
5600 CE = + 156650
From the above i could view NS may be within 5500 - 5600. Also i feel that 5510 NS should hold. Below 5510 we may have good chance to visit 5490.
@ ILANGo sir 5556 has hit in spot.
What shud be SL for JNSAR long trade for the day?
I just Love this Volume profile.
just look at market now Ns 5514 again.
Two huge volume occurs @ 5549 @ 5542 Shorted at those Levels.
"30-min Candle" pattern resembles "an evening star" (appears in the morning).
If closes below 5517 at 11.30am, it confirms it.
"5502" break will be another reversal point...
thank you RG sir.
Sorry for disturbing all
My day completes
meet in afternoon if time permits.
Any news? Why the sudden fall?
Thank you Manoj ji,
I understand market is supreme. Only question is "when we are right how much we gain and when we wrong how much we lose"
Now if it breaks 5555, then upmove may be big upto 5670 around little lower than previous support 5690.(more probable)
Otherwise if it breaks 5490, then big move in opposite direction for 5380 levels.
SL for JNSAR: 20-30 points.
Another method for the day is 5502-day's low.
You take the JNSAR again if it moves past 5556.
ok, thanks SAI, vidya, RG & sir for that clarification... i now understand why the hourly row heading is right below the daily JNSAR table...& same repeats with daily, weekly & monthly tables... thanks once again.
sir, below 5502..can we reverse jnsar trade?
Prabakar,
Your inputs are quite useful for intra trades..Keep up the good work.
ok sir. thank you.
5500 put writers are in full swing. as nifty is closer to 5500 they will get more money by selling it.
Sir..Hourly tech table is not updated. If time permit can you please do it?
new bearish wolfe wave formed in 2 min chart today. Text book false breakout is over. First targer 5500 ns spot. That could trigger, bigger waves already setup. Next target 5480.
Then sub 5400.
according to san previous chart 5505 must hold for upmove
@vidya. reversal is usually done next day only
1st has completed from 5402 to 5556.
2nd is on which should not brake 5490.
then 3rd and more swift rally will start towards 5670.
then 4th may come towards 5620.
and 5th one may go to 5750.
and that is just 1st larger wave. after that more may come.
Thanks krishna.
5 min T/F MACD is still down. Till it moves above NS may roam here or get lower. Also stoch taking rest at the bottom.
False breakout trade: CLICK HERE
5555 was the 38.2% retracement level. Twice rejected from there. A nice confluence zone of retracement & JNSAR.
From today's top 5556.30, NS came down by 100 % fib at 5502.55.
PE shedding OI very fast in last 10 minutes. may go down.
Sir, stop loss triggered for JNSAR long. Now we wait for 5556 to go long again. or next day as per that days JNSAR. How do we reverse to short?
sorry, correction, already came down. need to wait till next 30 minutes.
@cooldent reversal is taken today itself...since the SL of around 30 points i
hit...so we are short in jnsar..unless of course we cross
5556 again...that case we again book out shorts...
@ Cooldent,
"SAR" being "Stop And Reverse" method, the right way is to reverse the trade with a 20-30 point from the first trigger.(To be always in a trade). So you are back in your original trade as "Market has played cruel one to JNSAR with a 0.30 point.
@ilango yes sir...this whipsaw has been the closest so far
..but thats ok considering the overall performance..
To reverse back to longs 5556 needs to be scaled
@ powertrade we are seeing near 1 crorr share in 5400pe. now if 5400 brake convincingly than 200 nifty point will cut in flash??????
PE 5400 & 5500 oi reduced in good amt in last 10 mts.
Illango sir, SL for BN JNSAR also 30 points?
Master,
What could be the SL for BN SAR?
Sir- Thanks for updating the tech table. Is it safe to say that we are in 3.3.iii now or will it be confirmed upon break of yesterday's low?
Sir,
I reversed JNSAR long @5520NF HrSAR.
As the fall ahead as per EW is the worst kind, stay with original short positions..
Reverse them only above day's high.
If not convinced, stay out at the least.
5500 hit. 5480 hit. Time for some consolidation. Then down to 5400..
VWAP for NF at 11:35 is 5493.65.
@dakshit.
5400 with such huge OI is the Support if breaks then surely panic in the market ... At present downside looks limited...
Sir.. Just to add my 2 cents. Whenever JNSAR triggers, should we improve upon it by saying it should sustain 2 min charts?
sir,
it seems that we will reach the highs again today
5490 should be held for bull scenario
@ Fire,
30 points should do for Bn.
Today's close should confirm the continuation of the downtrend.
Last close above 5DEma in Nifty failed and Nifty reversed from the next day. Hence, today's close will be watched..Another pointer is Nifty's inability to even reach "Week Low Ema" today.
As Sai Bhakt said, if this move from 5402 to 5556 is the first part of the upmove, then 5479 & 5461 are crucial retracement points. 5479 50% done. 5461-61.8% pending.
Came back after a while. looks like Nifty has given a shock
Today Market may will play free style....kahi bhi, kidhar bhi , kaise bhi....All the Best
I feel its preparing for a long journey upwards weak hands are being tested.
@ SAI,
All these methods are "Man Made" and bound to have few failures. One could mitigate them with a high level of consciousness of the situation.
When JNSAR @ 5556, the DHEma is @ 5557 and WLEma @ 5566. SO a "one point" or "10 point" wiuld have been a possible filter. "Emotions gets the better of us and we fail to see the obvious., including myself".
hourly JNSAR is classic.... thank you sir.... i have been observing/book-trading it.. it gives easy 30-40 points without too much effort from the trader.... thanks for your JNSAR...
@Master,
Is 5445 the confirmation point for iii.(3).3? Can we add more shorts below that?
Nifty Futures intraday update: CLICK HERE
Sir.. I am not lamenting that it had failed. As you said earlier, that JNSAR has gone through so many changes like adding .3% filter and so on.. so was thinking if we think in this direction of adding JNSAR to sustain in 2 min charts. Since on an average a JNSAR trade bring min 200 points, so if we wait for JNSAR to sustain in 2min chart, then we may lose 10-15 points. Again i am an amateur and thought of sharing this.
I really regard this forum as the best which belives in empowerment of learners.
Master,
Saibhakt may be right. But the last upmove is cclearly subdivided in 3 waves, not 5. So, can it be really an impulsive wave?
sir,
even if u put a filter market can reverse after touching
it. u wudnt have put a filter till 5625? there can never be a
trading method that can work 100% time.
this the holy grail.
where is the question of emotions? or not a so good
performance? our expectations kill us many times in trading.
a fund manager is paid crores pa salary for generating
miniscule of what u/ur jnsar in its orignal form
generate
sorry..what i meant was:
so if we wait for JNSAR to sustain in 2min chart, then we may lose 10-15 points(not mucc considering the enormous gains we get in JNSAR) but it will atleast give more confirmation of sustaining the breakout/breakdown.
sir,
I am posting a chart to you having upside possibility
@ all,
has anyone noticed volumes of suzlon? More than 1.25Cr traded already on NSE alone. Even on BSE has done more that 2week avg.
any views or news?
@PS,
You are absolutely correct. I always watch out for any confluence zone very close to JNSAR, Like the 38.2% retracement level & DHEMA as master pointed out himself. So, I didn't take longs as I was waiting for 5557 to be cleared and retained my shorts. On the other hand, I did take longs at BNSAR. I got stopped out and got clear of BN for today. On the whole only January gave tremendous profit for the JNSAR & BNSAR traders. Today is not even a dent.
in dollar term fiis have made only 15% gain in indian equity market even they have poured in 30 billion$. and wheh they outflow only 1.5 billion% they gain is only 10%. FII are worry about shallowness of indian market. there is no participation from retailer. they book some profit and market coming down. DEVEN CHOKSEY was saying fii will not let 5400 broke because then they will gain nothing they will try to nifty gain towards 5700 to 5800 and then they will exit. your opinion on that
sir,
the hourly chart has possibility of recovery if 5470 is protected this hour.
VWAP for nf at 12:05 pm today is 5482.95
NEW POST DONE.
Dear Prabhakar,
Do you see the MDAC moving up in the google chart?? i am not great in charts so cld not mentioned 5min or ?? it seems 5470 is protected as of now.. can you pls give ur views at this moment..
Thanks
SIL
11am to 12 pm
optidx Diff. OI
5400 PE = - 519100
5500 PE = - 154850
5600 PE = - 73000
5400 CE = - 500
5500 CE = + 136350
5600 CE = + 555000
Calls oi increasing. CE > PE, NS DOWN.
fire,
u are a experienced trader. u watched all confluence
zones then took bnf. still it got stopped. if a trade gets stopped
it is not a very big deal we have to understand.
it is not the fault of trader. making is sound like
"i shud have used this this tool' just does great harm
to the psyche of trader. he starts to feel incompetent.
no matter what u do trades have stopped/will get stopped
For the three optidx strike price 5400, 5500, 5600
PE = - 746950
CE = + 690850
Post a Comment