Though Nifty has closed above its 5 mth Ema, it has closed below its MHEma(5912) which is a momentum indicator. Now the tussle will shift to weekly & Daily Technicals which look "UP" but with overbought readings..
Thursday, March 31, 2011
Nifty ends the month reversing the larger trend and has drawn 5685 to be defended.
Overbought conditions are being sorted out with intraday choppiness since Week/Day TA continues to remain UP.
Though Nifty has closed above its 5 mth Ema, it has closed below its MHEma(5912) which is a momentum indicator. Now the tussle will shift to weekly & Daily Technicals which look "UP" but with overbought readings..
Though Nifty has closed above its 5 mth Ema, it has closed below its MHEma(5912) which is a momentum indicator. Now the tussle will shift to weekly & Daily Technicals which look "UP" but with overbought readings..
Nifty PreMarket View
Having moved above 5690(200sma), 5745(100sma), 5795(30wkSma), if manages to trade above 5805, it will attempt 5830(Day-R2);5875(Week R2); 5895-61.8% retracement of the previous fall. To do it, it should stay above 5773 & 5730.
Wednesday, March 30, 2011
Tuesday, March 29, 2011
Nifty does an "a=c", stopping @ 5770.
Nifty has shown weakness at the resistance zone with negative divergences appearing in most "Hour indicators".. Now price follow up is required.
Ended @ Channel top. Trending up.
Ended @ Channel top. Trending up.
Monday, March 28, 2011
Nifty, overbought, @ 200sma & at a resistance zone till 100sma.
Overbought short term reading; if divergence were to develop, it could make more highs..If it wants to move higher, some consolidation is required..
Nifty PreMarket View.
Gartly Pattern by Harpreet(Happy)
As indicated by Fire also some time back nifty moving in continuation of patterns.
The details of observations as i could read it.............
Down Trend 1( Start of continuation Patterns)
BAT PATTERN(BEARISH)
fall 6284 to 5966 = 318 points in 5 days
rise 5966 to 6151= 186 points or 58.5% in 3 days
fall 6151 to 5937= 214 points or 115% in 4 days
rise 5937 to 6338= 410 points or 195%in 5 days
PATTERN COMPLETED
resulting in a bigger fall to 5690 in 15 days
Down Trend 2(Larger Pattern)
GARTLEY( BEARISH)
fall 6338 to 5690 = 648 points in 15days
rise 5690 to 6069= 379 points or 58.5% in 6 days
fall 6069 to 5721=348 points or 90% in 5 days
rise 5721 to 6181= 460 points or 135%in 16 days
PATTERN COMPLETED
resulting in a bigger fall to 5177 in 15 days
Down Trend 3(Largest in the making)
POSSIBLE FORMATION
BAT / ALTERNATE BAT/ CRAB PATTERN(ALL BEARISH)
fall 6181 to 5177 = 1004 points in 37 days
rise 5177 to 5599= 422 points in 7 days
fall 5599 to 5232= 367 points in 7 days
BAT PATTERN
(20 days already gone)
a).rise 5232 to 5965= 733 points in 35-40 days
b)..rise 5232 to 6310= 1078 points in 35-40 days
ALTERNATE BAT PATTERN
a).rise 5232 to 6065= 833 points in 35-40 days
b)..rise 5232 to 6191= 959 points in 35-40 days
CRAB PATTERN
a).rise 5232 to 6383= 1151 points in 35-40 days
b)..rise 5232 to 6799= 1567 points in 35-40 days
What amazed me was the symmetry in time frame in earlier formations.
Fibonacci application by FIRE:
Here is a chart on Fibonacci Patterns in the current scenario. I don't know how successfully I am applying these, but these patterns are from the latest research in Fibonacci/Harmonic patterns, published just last year.
As indicated by Fire also some time back nifty moving in continuation of patterns.
The details of observations as i could read it.............
Down Trend 1( Start of continuation Patterns)
BAT PATTERN(BEARISH)
fall 6284 to 5966 = 318 points in 5 days
rise 5966 to 6151= 186 points or 58.5% in 3 days
fall 6151 to 5937= 214 points or 115% in 4 days
rise 5937 to 6338= 410 points or 195%in 5 days
PATTERN COMPLETED
resulting in a bigger fall to 5690 in 15 days
Down Trend 2(Larger Pattern)GARTLEY( BEARISH)
fall 6338 to 5690 = 648 points in 15days
rise 5690 to 6069= 379 points or 58.5% in 6 days
fall 6069 to 5721=348 points or 90% in 5 days
rise 5721 to 6181= 460 points or 135%in 16 days
PATTERN COMPLETED
resulting in a bigger fall to 5177 in 15 days
Down Trend 3(Largest in the making)
POSSIBLE FORMATION
BAT / ALTERNATE BAT/ CRAB PATTERN(ALL BEARISH)
fall 6181 to 5177 = 1004 points in 37 days
rise 5177 to 5599= 422 points in 7 days
fall 5599 to 5232= 367 points in 7 days
BAT PATTERN
(20 days already gone)
a).rise 5232 to 5965= 733 points in 35-40 days
b)..rise 5232 to 6310= 1078 points in 35-40 days
ALTERNATE BAT PATTERN
a).rise 5232 to 6065= 833 points in 35-40 days
b)..rise 5232 to 6191= 959 points in 35-40 days
CRAB PATTERN
a).rise 5232 to 6383= 1151 points in 35-40 days
b)..rise 5232 to 6799= 1567 points in 35-40 days
What amazed me was the symmetry in time frame in earlier formations.
Fibonacci application by FIRE:
Here is a chart on Fibonacci Patterns in the current scenario. I don't know how successfully I am applying these, but these patterns are from the latest research in Fibonacci/Harmonic patterns, published just last year.
Sunday, March 27, 2011
JNSAR with TA /EW / Tech.table inputs.
The Bigger trade possibilities are highlighted whenever the Hour JNSAR & Day JNSAR has concurred and supported by other technical considerations and so on.
Doubters have no place here or hereafter.
Do not wait for challenges... I'm a businessman and make money and not prove anything to anyone. And at the same time if anyone comes here to disturb my peace and my blog's atmosphere, I do not hesitate to give him the boot.
If you think you are saving the gullible traders, start something of your own and do something good. I am a spark...I ignite and I have been doing it for years. If your engine isn't starting, come to me...I'll surely give you the spark..That is all. Driving is your job.
Instead Challenge yourself. Take this study further on...improve on it. And if you do find it worthless, trash it away and search out something better and follow it.
And do not be concerned with keeping the health of this blog. I can take care of it myself along with many of my well wishers here.
And once you come in here, be prepared to face the wrath of people who are patiently continuing their learning journey.
There are "raapitachikkaarargal" who keep jumping from blog to blog in search of a cure for their "ever itching but never cured illness". Don't worry, you will remain the same. Till you realise that what you are searching outside is already within you (we and many like minded people are here to highlight such a point), your running will not stop. There are many traders here realised their hidden talent/ potential and exploiting the market in their own way and sharing their experiences here.
I'm on a mission and I don't see anyone in front of me..All I see is just market..market..and market alone..
"Critic" - Term brings with it a lot of maturity, objectivity, responsibility and never directed at the person.
Doubters have no place here or hereafter.
Do not wait for challenges... I'm a businessman and make money and not prove anything to anyone. And at the same time if anyone comes here to disturb my peace and my blog's atmosphere, I do not hesitate to give him the boot.
If you think you are saving the gullible traders, start something of your own and do something good. I am a spark...I ignite and I have been doing it for years. If your engine isn't starting, come to me...I'll surely give you the spark..That is all. Driving is your job.
Instead Challenge yourself. Take this study further on...improve on it. And if you do find it worthless, trash it away and search out something better and follow it.
And do not be concerned with keeping the health of this blog. I can take care of it myself along with many of my well wishers here.
And once you come in here, be prepared to face the wrath of people who are patiently continuing their learning journey.
There are "raapitachikkaarargal" who keep jumping from blog to blog in search of a cure for their "ever itching but never cured illness". Don't worry, you will remain the same. Till you realise that what you are searching outside is already within you (we and many like minded people are here to highlight such a point), your running will not stop. There are many traders here realised their hidden talent/ potential and exploiting the market in their own way and sharing their experiences here.
I'm on a mission and I don't see anyone in front of me..All I see is just market..market..and market alone..
"Critic" - Term brings with it a lot of maturity, objectivity, responsibility and never directed at the person.
Saturday, March 26, 2011
Capture the Big moves only if you can leave your ego outside the trading room.
Mothers carry their children patiently for 9 months, believing continuously in the life forming slow and steadily inside her. Each month is a different challenging one for her. Having gone through one month doesn't make her wiser for the next month. Each month brings its own challenges but she is willing to face them, doing whatever is needed. She knows..having patience and belief in the fact that millions before her have carried and delivered safely makes that journey worth all the risks which will culminate in holding a "bundle of joy" in her hands.
The odd mishaps reported here & there may alarm her but never deter her to abort her mission.
Most have fear while carrying out a task/mission. Fear if managed well becomes a super input for preparedness.
Businessmen have failed..students have failed.. Mothers have failed..Leaders have failed.. Champions have failed.Sportsmen have failed... Failures are everywhere. But the ones whose mind is "made up" is never deterred by these so called failed attempts.They continue knowing well that if they can take care of the reasons for their failed attempts, success is then just round the corner. Remember "You can achieve anything in the market if you are willing to put in the needed efforts with discipline".
Raging Sea that is capable capsizing ships never deterred sailors to sail into find its riches.
Forest with its wilderness & dangers never deterred the hunters to exploit its resources.
Everest with its unstable environment never deterred those steady flow of climbers to conquer it.
No great job has ever been accomplished without facing uncertainities. Great feats are achieved with an unwavering belief, confidence and patience.
A reader asked: Regarding ''J10SAR''..is it a simple EMA-10 moving average? which one is better among JNSAR & J10SAR?
How many trades did it generate since 11th February 2011 to till date ?
How many trades were won & lost?
What is the total points gained on winning trades and total points lost on loosing trades?
J10SAR is 10 day ema. It comes close to JNSAR. The idea here is any number will work as a SAR provided you follow the rules diligently. However, having a number that gives lesser whipsaws make it more convincing. They capture "All the big moves".
I am attaching Jpg document that shows "How money would have doubled in just 30 trading days by following a number with "limited inputs from our side to manage".
You may attempt to verify J10SAR feasibility.
They are good but what is required is :
Belief in this system.
Discipline to follow the system with limited management
Patience to wait to book profits and then to reverse the trade.
Get rich slowly.
Come Monday..Hour JNSAR will start its journey for those aggressive traders in an improved way.
Kaun kehta hai Bhagvan aate nahin
Bhakta Meera ke jaise bulate nahin,
Kaun kehta hai Bhagvan khaate nahin,
Ber Shabri ke jaise khilate nahin,
Kaun kehta hai Bhagvan Sote nahin,
Maa Yashoda ke jaise sulate nahin,
Kaun kehta hai Bhagvan naachte nahin,
Tum Gopi ke jaise nachaate nahin,
Yaad aayegi unko kabhi na kabhi
Krishan darshan to denge kabhi na kabhi .. Achyutam Keshavam…
Devotees who do not know much of singing joins the "Bhajan groups" in temples to offer that elusive music offering to "Music loving God".. Bhagwan loves such devoted music though it may be imperfect.
Similarly traders who are not professionals may join "Trading Bhajans here" to offer that elusive Rhythm to the " Rhythm loving market". Market will reward such "Rhythmic traders" more than the professional ones.
The odd mishaps reported here & there may alarm her but never deter her to abort her mission.
Most have fear while carrying out a task/mission. Fear if managed well becomes a super input for preparedness.
Businessmen have failed..students have failed.. Mothers have failed..Leaders have failed.. Champions have failed.Sportsmen have failed... Failures are everywhere. But the ones whose mind is "made up" is never deterred by these so called failed attempts.They continue knowing well that if they can take care of the reasons for their failed attempts, success is then just round the corner. Remember "You can achieve anything in the market if you are willing to put in the needed efforts with discipline".
Raging Sea that is capable capsizing ships never deterred sailors to sail into find its riches.
Forest with its wilderness & dangers never deterred the hunters to exploit its resources.
Everest with its unstable environment never deterred those steady flow of climbers to conquer it.
No great job has ever been accomplished without facing uncertainities. Great feats are achieved with an unwavering belief, confidence and patience.
A reader asked: Regarding ''J10SAR''..is it a simple EMA-10 moving average? which one is better among JNSAR & J10SAR?
How many trades did it generate since 11th February 2011 to till date ?
How many trades were won & lost?
What is the total points gained on winning trades and total points lost on loosing trades?
J10SAR is 10 day ema. It comes close to JNSAR. The idea here is any number will work as a SAR provided you follow the rules diligently. However, having a number that gives lesser whipsaws make it more convincing. They capture "All the big moves".
I am attaching Jpg document that shows "How money would have doubled in just 30 trading days by following a number with "limited inputs from our side to manage".
You may attempt to verify J10SAR feasibility.
They are good but what is required is :
Belief in this system.
Discipline to follow the system with limited management
Patience to wait to book profits and then to reverse the trade.
Get rich slowly.
Come Monday..Hour JNSAR will start its journey for those aggressive traders in an improved way.
Kaun kehta hai Bhagvan aate nahin
Bhakta Meera ke jaise bulate nahin,
Kaun kehta hai Bhagvan khaate nahin,
Ber Shabri ke jaise khilate nahin,
Kaun kehta hai Bhagvan Sote nahin,
Maa Yashoda ke jaise sulate nahin,
Kaun kehta hai Bhagvan naachte nahin,
Tum Gopi ke jaise nachaate nahin,
Yaad aayegi unko kabhi na kabhi
Krishan darshan to denge kabhi na kabhi .. Achyutam Keshavam…
Devotees who do not know much of singing joins the "Bhajan groups" in temples to offer that elusive music offering to "Music loving God".. Bhagwan loves such devoted music though it may be imperfect.
Similarly traders who are not professionals may join "Trading Bhajans here" to offer that elusive Rhythm to the " Rhythm loving market". Market will reward such "Rhythmic traders" more than the professional ones.
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