Trading NR7 setup

[AW10]

RIL broke out of NR7, Gail and Sail both have broken out.
RIL at 2055 now and GAIL at 346 (already moved much).
Rest not tracking so would not know.

SM Bhaijan, be careful as both these stocks have broken up from NR7 zone.. but they have just entered the resistence zone. In the past they could not stay in this zone and fell from there.
So if you are day-trading them, it is fine and long term picture doesn't matter. But if you are planning a swing or position trade then be careful.
Market is not able to stay above 4600 and then if market falls, these breakout might just turn into false breakout.

First sign of that false breakout will be the appearnce of bearish bars on lower timeframe, then stocks coming back to yesterdays' range. and real trap will be that they showing outside day and giving downward break today.

So manage your expectations.

Happy Trading

 

[rohangawale]

Another nr7 day today with nearly 60 pts range.

Now again we can expect a dhum dhadaka on mo-tue.

Last nifty range below 60 was on
20 mar 09 - 42
19 mar 09- 51
4 mar 09 - 44

 

[rohangawale]

nr7 stocks of nifty triggered on 13th aug are:

stock		high		low
acc		855		832.5
ambuja cement	105.25		102
axis bank	889		867.1
bhel		2232.6		2183.2
bpcl		516.4		503.55
cipla		288.95		283.1
gail**		333.85		327.25
grasim		2723		2660.05
hind unilever	265		258.1
hindalco	109		105.3
power grid	112.9		110.6
r power **	164.3		161.25
ranbaxy		299.85		292.5
rcom		265.65		259.25
rel ind		2044		1997
rpl		126.45		123.75
sail **		171		165.65
siemens		457.5		446
suzlon		90.9		87.7
tata consulta   534.4		519.6
unitech 	95		90.6
wipro		518.7		507.2

**= 2nr7(yesterday also these stocks were nr7 and today also nr7 triggered)

yesterday nr7 stock triggered on 13 aug. Close of today for the nr7 stocks are:-

[LEFT]stock
acc             830.5
ambuja cement  100.9
axis bank      870.1
bhel             2200.6
bpcl             522.45
cipla             282.2
gail**           342.9
grasim               2637.65
hind unilever   256.9
hindalco         108.35
power grid      111.9
r power **     162.85
ranbaxy         297
rcom             258.55
rel ind            2036.45
rpl                 126.05
sail **            169.9
siemens           454.7
suzlon             88.35
tata consultancy521.5
unitech            92.95
wipro               511.45[/LEFT]

TRIED TO ALIGN THE PRICES, BUT WAS NOT ABLE TO DO. SO PLS BEAR WITH IT

 

[MurAtt]

Arre boss-- something very spicy has come up. It is still unconfirmed but someone with Excel can do the maths very easily.

Today is NR7 for NSpot. Dutifully someone else pointed out that today is NR99 for Nifty Futures!!!!!

Yes, you all read right - NR99 -- so get ready for that roller-coaster zoooooommm on Monday but please confirm the NR99 before we do expect that zoom.

btw NR7 is confirmed on NSpot.

Happy Independence Day in advance to all .........

Enjoy

 

[AW10]

Arre boss-- something very spicy has come up. It is still unconfirmed but someone with Excel can do the maths very easily.

Today is NR7 for NSpot. Dutifully someone else pointed out that today is NR99 for Nifty Futures!!!!!

Yes, you all read right - NR99 -- so get ready for that roller-coaster zoooooommm on Monday but please confirm the NR99 before we do expect that zoom.

btw NR7 is confirmed on NSpot.

Happy Independence Day in advance to all .........

Enjoy

Last smallest range then 60 points that we had was on 20/Mar/09. which is 99 days before giving us NR99.
That day the range was 42 points.. but then nifty was at 2807. So as a % of nifty closing price the range was 1.5% approximately.

Today we had 60 pts range when nifty is at 4580 giving us the range as % of close price = 1.3 %.
Last time we had lower then 1.3% range was on 19/feb/09. Range was 33 points when nifty was at 2790 giving us the % = 1.18 %.

So if u take closing level of nifty then earlier narrowest day will be 19/feb giving us NR117 today.

Thats sufficient for looking into the history. What happened after that is more important.
After 20/March we haven't seen that low till today. That was start of current bull move.
After 19/feb NR day, market broke on the low side and went down till 2539 level from 2790 level. i.e. 250 points = 10% approx.
Lets see what happens on Monday. Till then enjoy the weekend.

Wishing you all Happy independence day.

Jai Hind.

 

[vicky2005]

so nifty will go highly up or highly down on monday ? according to this strategy

 

[vicky_ag]

AW10,

Taking about ranges and the averages of those. Isnt that liken to ATR ? ATR does seem to gives us SL and change in direction.

 

[rohangawale]

NR7 stocks of nifty triggered on 14th aug are:

STOCK		HIGH		LOW
NIFTY		4,619.00	4,559.00
BHEL		2240		2192
IDEA		79.4		77.3
M&M		812.5		783
MARUTI		1385		1342
PNB		706.7		686.1
REL CAP		870.7		845
SBI		1814.9		1781
STERLITE	676.9		658.25
TATA MOTORS	476.1		460.4
TATA STEEL	482.65		466.55
TCS		530		518
UNITECH 	95.5		92.1

 

[rohangawale]

Last smallest range then 60 points that we had was on 20/Mar/09. which is 99 days before giving us NR99.
That day the range was 42 points.. but then nifty was at 2807. So as a % of nifty closing price the range was 1.5% approximately.

Today we had 60 pts range when nifty is at 4580 giving us the range as % of close price = 1.3 %.
Last time we had lower then 1.3% range was on 19/feb/09. Range was 33 points when nifty was at 2790 giving us the % = 1.18 %.

So if u take closing level of nifty then earlier narrowest day will be 19/feb giving us NR117 today.

very interesting to see what action we will see on monday after mkt opens. here onwards when we see such a narrow range we will talk abt 14th aug also as its one of the NR day along with 19th feb and 20 mar.

Thats sufficient for looking into the history. What happened after that is more important.
After 20/March we haven't seen that low till today. That was start of current bull move.
After 19/feb NR day, market broke on the low side and went down till 2539 level from 2790 level. i.e. 250 points = 10% approx.

after such a narrow range we have seen both sides move on nifty. i.e bull run and bears attach. now in current situ we have to see what happens.

as there are many external factors affecting move of mkt it will be irrelevant to link it with our working of NR strategy like mansoon effect, global cues all sorts of data etc etc, but as im looking only at charts what can we see further on such a day.
as im intraday trader is better for me, as im trading only after 10.30, but what for positional traders, if they are taking position or having prev position, then on such days they have to take certain action, they cant just sit and wait for next day to happen something.
so what are the factors they will see to take action on their position??

 

[vicky2005]

today was magic of NR7??