Monday, April 30, 2012
Nifty Pre-Market View
Having completed a 5 waves from 5342 to 5155, Nifty is on a bounce(Or could be a reversal which will be confirmed above 5271 & 5306) towards 5250-70(50% & 61.8%).
Play the ST reversal with appropriate SL.
Being the last day of the month, a close above 5201 is the minimum requirement to keep bullish sentiments and a close above 5310(Pivot) would add strength.(Or atleast the developing May month's pivot)
Play the ST reversal with appropriate SL.
Being the last day of the month, a close above 5201 is the minimum requirement to keep bullish sentiments and a close above 5310(Pivot) would add strength.(Or atleast the developing May month's pivot)
Saturday, April 28, 2012
Fight the good fight....fall down soon to find yourself.
The most important thing in the Olympic Games is not winning but taking part; the essential thing in life is not conquering but fighting well. – Pierre de Coubertin.
Everyone on earth has his/her own view of success. Success of great people achieving great things has always been surrounded by different facts and stories, some of them accurate and most of them inaccurate. There is always a serious pressure on the side of historians and academicians to portray more of the success of “so-called” great people rather than the actual failures they endured to achieve the success. The academicians are not to be blamed as we’ve for generations created a thinking system that looks at “failure/mistake” as something to be avoided and awkward.
Everyone on earth has his/her own view of success. Success of great people achieving great things has always been surrounded by different facts and stories, some of them accurate and most of them inaccurate. There is always a serious pressure on the side of historians and academicians to portray more of the success of “so-called” great people rather than the actual failures they endured to achieve the success. The academicians are not to be blamed as we’ve for generations created a thinking system that looks at “failure/mistake” as something to be avoided and awkward.
Friday, April 27, 2012
Nifty Pre-Market View
As stated in EOD post, Nifty enters the crucial week with weak TA.
Below 5195 or 5210 or 5225, it continues to be weak and susceptible for deeper falls.
Till strength signalling(TT) price moves are not seen, stay with the colour of TT.
Thursday, April 26, 2012
Nifty enters the crucial week with weak technicals.
Congrats to the April "series Close contest" winners,
SANPOT @ 5189, WLEma
LEARNTOEARN @ 5188, LEma
Shabsaif @ 5187, ATP of last two days.
Congrats to Jiignesh and DineshRishi and to all the enthusiastic participants.
Please do note down the reasons the winners have got it right in this series as well as the earlier series to help you plan your trades. Trading closer to the lower end of the series range and having a narrow spread of the series, Nifty has ended lower/subdued.
Two critical days ahead -Week end and Month end and the technicals are bearish.
SANPOT @ 5189, WLEma
LEARNTOEARN @ 5188, LEma
Shabsaif @ 5187, ATP of last two days.
Congrats to Jiignesh and DineshRishi and to all the enthusiastic participants.
Please do note down the reasons the winners have got it right in this series as well as the earlier series to help you plan your trades. Trading closer to the lower end of the series range and having a narrow spread of the series, Nifty has ended lower/subdued.
Two critical days ahead -Week end and Month end and the technicals are bearish.
Nifty Pre-Market View.
If Nifty's rise is contained around either @5225-35 or @ 5245-60 in the opening session, it could fall again. This is based on EW 4th wave unfolding from 5161 and then the 5th wave fall towards 200sma-5140 or lower..
On the other hand, these sub-waves could be relabelled as 5 completed and hence the rise could continue. But this view doesn't fit in with the normally "volatile settlement day".
61.8% @ 5273 beyond which strength emerges and gets confirmed above 80% @ 5306.
Wednesday, April 25, 2012
Nifty completes a 5 with a double bottom but the confirmation of a reversal still eludes.
Nifty entering the settlement with a trading mode, having closed below all High emas and above all Low emas, typical of a range bound settlement during which one needs to keep taking away profits till a direction is known.
And the direction will be known with clues from next 3 trading days...settlement day, week end Friday, Month end Monday.
Nifty Pre-Market View
The Pause, despite oversold Hour TA, remained shallow and subdued and could retrace upto 5232 only.
Depending on the opening session, it'll be known whether "iv"th ended at close or the "pause continues in the opening session".
Weakness would continue trading below 5230 and increases below 5215.
Above 5230, resistances are in the zone of 5248-5260.
Tuesday, April 24, 2012
Nifty PreMarket View
Dear Raichand Shah,
Many, many Happy returns of the day.
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"5234-5263"-38%, 50%, 61.8% retracements and DLEma, DEma reside and is an ideal zone to initiate sell with 5286(80%) as a SL.
Though Hour TA is oversold for a mild bounce, day TA has confirmed a down and hence use the bounces to initiate sells. The depth of the correction would depend on 27th & 30th April closes(Week & Month)
Falling below month's JNSAR-5092 should ring in the first alarm bells.
"5077" a critical low made during the 4531 to 5630 may be considered as a major trigger for downsides.
Falling below month's JNSAR-5092 should ring in the first alarm bells.
"5077" a critical low made during the 4531 to 5630 may be considered as a major trigger for downsides.
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Dinesh Rishi has stated simply " Longs above SAR and Shorts below SAR". Can it get ever simpler than this. A number good enough to reflect this sentiment is JNSAR. To Manage the trade when SAR is being triggered, we have few options and the same is being discussed and written about under the label "JNSAR". Read them first before posing your queries. When Nifty breaches JNSAR number, does it require a "certification" from an experienced hand to announce "JNSAR triggered". If you do need one, what you lack is not knowledge but belief, conviction and confidence. No one could give you that. YOU have to take baby steps and expose yourself to the market with YOUR trades and gain confidence. How long are you going to sit around and procrastinate..? Make up your mind and do not waste anymore of your precious life and those of others. Lord Krishna says, "In doing your karma, all your negatives dissolve." Action alone will resolve and action based on sound judgement will make it easier. Need we say more.
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Monday, April 23, 2012
Nifty, despite weak cues, pulled back upto "break dn point of 5310" and started a big fall...
I have requested "Piyush Sharda" to take up the task of clarifying JNSAR queries and also asked him to co-ordinate with another 3 or 4 experienced JNSAR traders to help him in this task to ease up the load.
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