Just Nifty

Nifty's weakness spread to week T/F with a firm close below WHema & WEma.

2013-05-24T15:47:00.003+05:30

Nifty Intraday Update-III

2013-05-24T14:06:00.001+05:30

Nifty Intraday Update-II

2013-05-24T12:04:00.001+05:30

Nifty Intraday Update-I

2013-05-24T10:03:00.000+05:30

Nifty Pre-Market View.

2013-05-24T07:51:00.002+05:30

"5930-65" is a cluster area from where a mild bounce could unfold owing to oversold Hour TA.
"6025-36" is 38% retrace of last big fall, developing Month Pivot & developing DLEma.
"6046-48"-MHEma, 50% retrace, DLEma, R1.
A weekly close below 6001 or 6013 would be considered as "weekly trend reversal".
"Above 5970", intraday strength towards the resistances 1 & 2 mentioned above.

Nifty closes below DLEma, another bearish signal for "Hold"..

2013-05-23T16:17:00.001+05:30

Nifty Intraday Update-III

2013-05-23T14:02:00.000+05:30

Manadukku mattum bayanduvidu.... Just be fearful of your conscience...

2013-05-23T12:03:00.000+05:30

Elliott wave with Macd

Nifty Intraday Update-I

2013-05-23T10:05:00.001+05:30

Nifty Pre-Market View.

2013-05-23T07:54:00.000+05:30

Read these simple write ups and get familiar with the concept:

JNSAR for good gains
Applied Technical Analysis

Please join us in our "Rhythmic trading" ...we follow the markets...we have no opinions on where market is headed but we are fairly certain of market's direction.
An objective mind is needed to assess the market to make a trade plan.
An unwavering mind is needed to follow that plan.
An alert mind is needed to make the alteration when demanded by the markets.
And all these are packed into one number-JNSAR. Follow it;
You may get few bruises along the way but you'll grow stronger by each month.

Nifty, having turned "down" in day T/F, weakened from 5dsma.

2013-05-22T17:38:00.000+05:30

Hi...Tanvi,
Is that all you picked from this blog...a service provider. (I'm not a judge on him and he isn't here to defend himself)
If you have been reading this blog for a long time, you'd know that I have wished many when they started "Paid services" and they stop participating in our daily exchanges here as it would mislead readers because I never endorsed any paid services.
If you have time on your side, trade the markets yourself after spending sufficient time learning the few simple concepts. And if you have no time, invest directly through "SIP" method after spending weekends and holidays to understand individual stocks.
I can not comment on any "Paid service" as I have no experience with any.
When you go to a doctor, you're the "employer" and you must ask the right questions and when you find anything abnormal, you must take the opinion of another doctor. Choosing the doctor is very very essential to your health. And once chosen, watch the results to be on the right side of health.
Similarly choose the best service provider and if the services offered is not to your liking, protect your capital and exit. Often, greed makes one to choose even when not getting all the right answers. Whose mistake is it? And then, you hang on even when you are losing constantly.
Greed has been my undoing once; but the same greed is under my control then on. Greed is good but know when to be greedy and when to be fearful.
Never complain; never explain...It isn't worth it. People, anyway, will go for such services; if not here, elsewhere; and the story is same almost everywhere.

Objectivity is often the casualty in the "excitement-filled-share bazaar". You need to be calm and in a meditative state to "follow" which is the only surest way to make money consistently.

I wish you sincerely that You must reach a stage when you do not have any doubts sitting through a position or a trade because you then will have a good trade plan as well as the "Belief" to sit through with your protective stop.

Every trade set up has few critical factors and they should meet the minimum safety points and if the safety net is wide, you are likely to lose a lot if the trade goes wrong. If the trade set up meets all the requirements, they become "Low-Risk-High-Probability Trades".
By being patient, one meets with such opportunities.
I can list a few here:
Mechanical SAR Trading with JNSAR (Or any other SAR Number)
Positive and Negative divergences combined with Oversold or Overbought higher T/F.
When two T/F exhibits divergences.
Break-out from a "Range-bound market".
Break-out or Break down from Channels or trendlines.

A 5-wave is done in downtrend or in uptrend.
A 3-wave is done when in uptrend or in downtrend with trend being intact.

Choose your favourite strategy, one or more and patiently wait for them to emerge and act with proper SL. Even a well worked out strategy could fail but your SL will protect you.

Get Rich Slowly & Quietly.
(There are few millionaires following here very quietly and you, too, will become one in time)

Nifty Intraday Update-III

2013-05-22T14:09:00.001+05:30

Nifty Intraday Update-II

2013-05-22T12:03:00.000+05:30

Happy Birthday to you, Nilesh Patil.

2013-05-22T10:03:00.001+05:30

Dear Nilesh,
It is wonderful to see your smiling face at the start of the day.
May you live longer, stronger, wealthier &
bring about more smiles around.

Many, many happy returns of the day.
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =

Nifty Pre-Market View.

2013-05-22T08:38:00.001+05:30

"Sell on rises" produced a trade from DHEma to DHEma+20 towards DLEma to DLEma-20.
One of the many trading strategies ideas one could derive from the TT.
Now the prices have closed below DEma, a signal for trend being down in Day T/F.
Hence, we have taken the last fall retrace in Fibo.table.
Now the rise could be limited to around Day's pivot-5DSma, 6132-55.
Strength only above 21 Hr sma, also the 80% of last fall, 6165.
61.8% retrace for the last rise comes @ 6069, also the DLEma-20 pts @ 6070.
Current week's close would dictate firmly ST direction.

Nifty rises intraday for "Sell on rises" and falls.

2013-05-21T15:55:00.003+05:30

Nifty Intraday Update-III

2013-05-21T14:05:00.001+05:30

Nifty Intraday Update-II

2013-05-21T12:04:00.000+05:30

Nifty Intraday Update-I

2013-05-21T10:03:00.000+05:30

Nifty Pre-Market View.

2013-05-21T07:11:00.000+05:30

"Bearish Red V" & a 5 completion from 5970, resulted in an impulsive downmove.
"6146", the 2 day low break would add to ST weakness.
"6108" is approximately the channel bottom.
50%-61.8% of last fall from 6214-6146 is @ 6180-88.
And its 80% @ 6202.
There are two numbers quite critical for the current week, 6072 & 6103.
50%-61.8% retrace of last rise from 5970-6229 is @ 6069 to 6100......See the similarity.
"Green ii "nd wave should hold, preferably 6100 or 6069.

Nifty, overbought in ST with divergences, corrected from the resistance zone of the day.

2013-05-20T15:51:00.001+05:30

Nifty Intraday Update-III

2013-05-20T14:05:00.000+05:30

Nifty Intraday Update-II

2013-05-20T12:14:00.001+05:30

Nifty Intraday Update-I

2013-05-20T10:04:00.000+05:30

Nifty Pre-Market View.

2013-05-20T07:35:00.001+05:30

Markets are entering a crucial week with 6260-80 being the weekly channel resistance.
If it is the "Green 3", it would move past 6280 & 6339, all time high and head higher impulsively. To make it happen, it needs to stay above 6146, the green "ii".
BN has moved higher to all time highs impulsively.
In new territory, it is prudent to trail....