Wednesday, March 21, 2012

Nifty Intraday Update-III

Author: Ilango | Posted at: 1:59 PM | |

68 comments:

Indus on March 21, 2012 at 2:05 PM said...

@Ilango

in your comments earlier today you advised closing shorts tomorrow if the close was above 5338 on a closing basis tomorrow......or should we close shorts if it closes above 5338 today itself?

Sujeet on March 21, 2012 at 2:10 PM said...

test

Nilesh Patil on March 21, 2012 at 2:10 PM said...

@Anil sir,
Tomorrows Jnsar trigar,
its time to todays jnsar.

A J on March 21, 2012 at 2:11 PM said...

Equinox effect! :D

Ilango on March 21, 2012 at 2:12 PM said...

@ Indus,

For a person who trades by TT, intra longs would have been generated @ 5274(DLEma)+20 points filter.

For a person who trades by google 5-min intra chart, move above 34Ema @ 5270 would have been a long trade.

Sometimes waiting for the close, one would lose many points. And at times, initiating a reverse trade would require 20 points SAR in managing the new trade.

Some JNSAR traders would be in a dilemma that Nifty has come to tomorrow's JNSAR-5352.

These are all decisions, individual trader has to take.

Nifty is at a crucial juncture - whether the corrections is over or is this rise part of the correction.

Safest way would be a close above DHEma for the return of momentum.

nanjil on March 21, 2012 at 2:12 PM said...

DR,

seems you have ordered lamp post instead of tube light.

Anil on March 21, 2012 at 2:16 PM said...

@Nilesh

thanks..ok...plz no sir..sharminda mat karo yaar...

Bhavan on March 21, 2012 at 2:17 PM said...

@Anil
To get the concept clear what would be the SD for tomorrows JNSAR for entry taken today?(I am long since 5266 day before yesterday and part booked@5282 simply asking to understand)

Anil on March 21, 2012 at 2:22 PM said...

@Bhavan

what is SD..??

Bhavan on March 21, 2012 at 2:24 PM said...

ssssorry @anil typo error read as SL

Dinesh Rishi on March 21, 2012 at 2:24 PM said...

nanjil

Lolzzzzzzzzzzzzzzzzzz

nanjil on March 21, 2012 at 2:25 PM said...

7DMA - 5355
Jnsar-5368
Dhema-5371
weekly h3-5371
weekly pivot-5374

at crucial juncture now. It has to climb all the above to turn into bullish mode. Surpassing and closing above all these valid numbers will show good +ve days but if fails back to PT's den with more peace of mind.

Anil on March 21, 2012 at 2:27 PM said...

@Bhavan

i had not experimented with JNSAR,but if u r positional trader aiming for 100-200 pts..ideal will be days low ema...on the day SAR triggered..else any MA which u loved, like sirs.. 34 MA on 5 min..etc..or 20 points whichever is greater...

Bhavan on March 21, 2012 at 2:29 PM said...

OK thanks Anil and I am a positional trader by ALL means (depending upon my home position also)

POWERTRADE on March 21, 2012 at 2:29 PM said...

@Nanjil,

Above 5349 SPOT So Closed my shorts .... But will not Buy :(

Anil on March 21, 2012 at 2:32 PM said...

50 HMA - 5361...

POWERTRADE on March 21, 2012 at 2:33 PM said...

@Nanjil,

But yes Near Todays JNSAR we can short with a 20 pts SL

bizagra on March 21, 2012 at 2:36 PM said...

Ilango sir, now sud i take 5352-20 to enter shorts again??

Natti on March 21, 2012 at 2:36 PM said...

PT

Yes many times that strategy has worked for quick intraday profits.

cooldent on March 21, 2012 at 2:39 PM said...

bizagra

why this kolaveri?

if long at 5352 then back to short at 5332
if long at 5368 then back to short at 5348

KISS

nanjil on March 21, 2012 at 2:40 PM said...

PT,

I don’t know which system you follow and I respect your stop loss. But, if I were in your position I would have raised my SL by another 20 points just above jnsar and dhema(since it’s only about squaring and not reversing).I feel that’s worthy.

There are always numerous TA numbers available in front of us. Success lies in which number you select at different situations. After such a steep run, price would give respect to such important TA numbers.

bizagra on March 21, 2012 at 2:41 PM said...

@Cooldent thx...afraid :):)

Ilango on March 21, 2012 at 2:41 PM said...

@ bizagra,

That is how you manage a JNSAR trade..

Why this doubt after so many trades...?

cooldent on March 21, 2012 at 2:42 PM said...

dar ke aage jeet

Ilango on March 21, 2012 at 2:42 PM said...

Ohhh..

Cooldent has cooled him already..!!

Ilango on March 21, 2012 at 2:44 PM said...

@ PT,

Midpoint crisis comes at 3.30PM & 10.00AM tomorrow.

"5366"-Month open plays a role...DR's strategy.

Bhavan on March 21, 2012 at 2:44 PM said...

@Sir
Where do you refresh stock levels I want to know about TATASTEEL and TATAMOTORS BHEL Resistances

SJkolkata on March 21, 2012 at 2:44 PM said...

As it was anticipated, market laid a very good bear trap. and now staughtering them.
Missing Sujatha mam.

I bow on the feet of Master Ilango, just taught me how to trade and overall control emotions.
Regards

cooldent on March 21, 2012 at 2:46 PM said...

:)

Dinesh Rishi on March 21, 2012 at 2:51 PM said...

A wild tgt

few months back

every body was guessing

Gold or SENSEX what will cross 18K

if this time SENSEX crosses 18K
it has the power of 200SMA

Mind it!!!!!!!!
Ranji may go long this time

suresh on March 21, 2012 at 2:51 PM said...

sir ji,
how can v judge the filters for stocks
like e.g ns has 20 points filter.
pl advice
thanks

Ilango on March 21, 2012 at 2:52 PM said...

@ Bhavan,

STockfiles need to be updated during the week by individuals.

File links are in this blog's top right hand corner.(Only 6 stock files)

Anil on March 21, 2012 at 2:53 PM said...

will weekly pivot conqered...todays 5 DEMA seems to be...

http://imageshack.us/photo/my-images/710/niftypivot.png/

Unknown on March 21, 2012 at 2:55 PM said...

what are elliot wave counts? is it unreliable? is c pending or vanished?

suresh on March 21, 2012 at 2:55 PM said...

anil ji,
weekly pivot is @ 5374

Bhavan on March 21, 2012 at 2:56 PM said...

OK Thanks Sir

Anil on March 21, 2012 at 2:57 PM said...

@suresh

yes.. whats wrong..??

Ilango on March 21, 2012 at 2:57 PM said...

@ Suresh,

What is this filter & why is it needed?

When you choose any SAR number, they are bound to get whipsawed, some often and some on fewer occasions.

Having chosen a SAR number that whipsaws on fewer occasions, one need to study "how many points are whipsawed on those occasions" and this deviation plus a small extra margin for future volatility from the SAR is "Filter".

For Nifty, we found 20 points to be reasonable.

For stocks of your choice, you may need to study the historical data and arrive at the same.

I could provide the "Protected JNSAR for stocks file", if you need it.

POWERTRADE on March 21, 2012 at 2:57 PM said...

@Ilango Sir,

Thanks a Lot ..

BN still below tomorrow JNSAR

STOCK4SURE on March 21, 2012 at 3:00 PM said...

last 30min...wish 30points more 5380ns

chhoti si aasha

STOCK4SURE on March 21, 2012 at 3:01 PM said...

IT index probably making handle of C &H pattern,nifty
and bank nifty may follow it tomm

nanjil on March 21, 2012 at 3:01 PM said...

If the sar number is saved by few points (1-5 points in nifty), mostly the reversal takes place in the next day. If you all have old data, check your sheets.

This is again a observation and not a thumb rule. Don’t initiate a trade based on this now but keep watch on this observation.

Ilango on March 21, 2012 at 3:03 PM said...

3.00PM TT & Chart updated.

Nifty achieved 50% retrace @ 5366(almost @ 5364).

SJkolkata on March 21, 2012 at 3:03 PM said...

@stock4sure
Milega Milega, sub ko milega. "famous dialogue from film China Town"
:)

Anil on March 21, 2012 at 3:04 PM said...

@stocksure

5380 pe toh bears dum tod dege agar sustain kar gaya...


Disclaimer: no position

SJkolkata on March 21, 2012 at 3:05 PM said...

ek baar Master ka figure 5366 cross ho jaye. wahi pe ruka hai.

STOCK4SURE on March 21, 2012 at 3:05 PM said...

reliance and hindalco may lead tomm

STOCK4SURE on March 21, 2012 at 3:06 PM said...

5358...8 pts done in 6min

22more...

Fire on March 21, 2012 at 3:07 PM said...

This hour closed above D-EMA & W-EMA coming from below D-LEMA. Daily 9-RSI has tackled mid-point crisis quite successfully. Daily 5-D triggered buy. Hour 35-D,Slow MACD, KST remains in buy mode. It clearly goes with the triggered JNSAR long. At peace. :)

Dinesh Rishi on March 21, 2012 at 3:07 PM said...

Nandi is Lord Siva's mount

If holding Long

Chant "Om Namo Shivay"

http://www.totalbhakti.com/wallpaper/image/Lord-Shiva-80.jpg

STOCK4SURE on March 21, 2012 at 3:09 PM said...

close above day hi ema at 5368..looking possible now

17 pts done in 9min

Bhavan on March 21, 2012 at 3:10 PM said...

sacchi never thought aaj ka JNSAR hit hoga in all wildest dream Sujaaaaaaaaaaaa good u r pushing nifty

Prabhakar on March 21, 2012 at 3:11 PM said...

DJNSAR triggered

STOCK4SURE on March 21, 2012 at 3:11 PM said...

if ns close abv 5368
is thr possibility of strong gap up near 5410

SJkolkata on March 21, 2012 at 3:12 PM said...

Sujatha Mam, doing Puja as DR sir said.
she was expecting trigger yesterday irself.

Anil on March 21, 2012 at 3:14 PM said...

@DR

got TT msg...restarting server....

and now charts gone haywire....HELP...

POWERTRADE on March 21, 2012 at 3:16 PM said...

Stocks4sure ...

Still what is needed is a sustianed move above JNSAR ... More over a Trigger at the closing Hours... Professionals know the Closing Techniques

Thoda Short to Banta hain

Prabhakar on March 21, 2012 at 3:19 PM said...

Closing above 5353 (or 5348)?

DKG on March 21, 2012 at 3:19 PM said...

Booked part profit. (Bought at 5275 when nifty crossed 200 DMA on 5 minute charts.)

nanjil on March 21, 2012 at 3:20 PM said...

close is going to be at decider levels to leave everyone to watch uncle sam tonight with head scratching!

POWERTRADE on March 21, 2012 at 3:22 PM said...

Taking Contra Trade in shorts Owing to the cooling off in the European Markets ...

Will Evaluate tomorrow only :)

Dinesh Rishi on March 21, 2012 at 3:22 PM said...

Anil

they r updating

dont worry it wont take much time

hardly 2-3 mints

Anil on March 21, 2012 at 3:24 PM said...

Excellent turnover

cash - 12570 cr
f&O - 142187 cr

lagta hain 5400 NF todke hi rahega...

Nifty futures on March 21, 2012 at 3:24 PM said...

closing above tomorrow's JNSAR warrant for taking LONG position over for next day ....

bizagra on March 21, 2012 at 3:28 PM said...

@PT sir..aaj ka ulta kal:)...though i m not taking any position..will see tomm.

nanjil on March 21, 2012 at 3:29 PM said...

Today’s close is surely not the “biggies closing tactics”. Look at the way it carried away from low, standing firm at decider levels and closing at day’s high.

Prabhakar on March 21, 2012 at 3:31 PM said...

Bye Sir and all blog mates

Fire on March 21, 2012 at 3:46 PM said...

In TT, week is being shown as 22nd, not 23rd. Is cash/F&O closed on Friday? Currency is closed I know.

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