Trading NR7 setup

[rohangawale]

Nifty Future on 15th was also an inside day and had narrowest range in 12 sessions (NR12)

What im mentioning is of spot nifty and not nifty future, in all my posts.

 

[Karanm]

What im mentioning is of spot nifty and not nifty future, in all my posts.

Can you please provide me Formula to Explore NR7 Stocks in Metastock with EOD Data.

 

[rohangawale]

Can you please provide me Formula to Explore NR7 Stocks in Metastock with EOD Data.

Some pages back i have mentioned the formula for NR7.
if you go thru it you will get it. i tried to find out, but didnt got that post. still i will try to post the link if i get it.

 

[rohangawale]

Can you please provide me Formula to Explore NR7 Stocks in Metastock with EOD Data.

Here is the formula for NR7 scanning in metastk.

r:=H-L;

r<Ref(LLV(r,6),-1)

 

[trader.trends]

Day 12 with a close between 5200 and 5300. Moral: In life and markets, situations last longer than we think they will.

 

[AW10]

Day 12 with a close between 5200 and 5300. Moral: In life and markets, situations last longer than we think they will.

Rightly said TT. Market is stress testing our limit of patience to maximum limit, I guess.

 

[trader.trends]

Rightly said TT. Market is stress testing our limit of patience to maximum limit, I guess.

Rohan will have to start posting NR7 minutes stocks and we will start analyzing them.

Commentary will go something like

Reliance has made NR7. If it breaks 1108 it will blast to 1109.05
ONGC has made NR 7. If it breaks 1202, it will shoot in no time to 1203.35
Oh my God! Nifty has made 2NR7 consecutively. Looks bearish. If it breaks 5263 all hell will break loose expect a collapse to 5260 as all longs will bail out.

 

[rkkarnani]

Rohan will have to start posting NR7 minutes stocks and we will start analyzing them.

Commentary will go something like

Reliance has made NR7. If it breaks 1108 it will blast to 1109.05
ONGC has made NR 7. If it breaks 1202, it will shoot in no time to 1203.35
Oh my God! Nifty has made 2NR7 consecutively. Looks bearish. If it breaks 5263 all hell will break loose expect a collapse to 5260 as all longs will bail out.

:rofl:
:lol:
:rofl:

 

[rohangawale]

Rohan will have to start posting NR7 minutes stocks and we will start analyzing them.

Commentary will go something like

Reliance has made NR7. If it breaks 1108 it will blast to 1109.05
ONGC has made NR 7. If it breaks 1202, it will shoot in no time to 1203.35
Oh my God! Nifty has made 2NR7 consecutively. Looks bearish. If it breaks 5263 all hell will break loose expect a collapse to 5260 as all longs will bail out.

Ha Ha Ha well said.:clap::rofl::clapping:

 

[rohangawale]

NR7 Stocks Triggered on 15th Jan:

[B]STOCK		HIGH		LOW[/B]
NIFTY		5279.85		5242.45
DLF		392		384
[B]GRASIM		2,873.90	2,825.00**[/B]
HCL TECH	373.9		366.15
HDFC LTD	2538		2505
[B]HERO HONDA	1640		1616**[/B]
REL INFRA	1140.9		1122.1
UNITECH		89.95		88.2

**=2NR7

NR7 Close on 18th Jan:

		[B]15-Jan			18-Jan		
STOCK		HIGH	LOW		Close	Day Range	Trigger[/B]
NIFTY		5279.85	5242.45		5274.85	63.55	No Breakout
DLF		392	384		387.3	10.05	No Breakout
GRASIM		2,873.90	2,825.00	2,787.45	62.30	Down Break
HCL TECH	373.9	366.15		164.8	11	Down Break
HDFC LTD	2538	2505		2557.45	75.75	Up Break
HERO HONDA	1640	1616		1694.60	96.00	Up Break
REL INFRA	1140.9	1122.1		1128.75	22.75	No Breakout
UNITECH		89.95	88.2		87.75	1.85	Down Break