Dear Ilango sir , Shradha Saburi and All,Observations on JNSAR and J10SARSince May when uptrend started from 4770,Top is in : Day JNSAR crosses Day J10SAR on upside on Day TF (Intermediate top during the uptrend - EW1, EW3 etc)For tomorrow too, we have JNSAR > J10SAR will have to see if it becomes true in coming days.Bottom is in : + or - 1 day , Day JNSAR crosses Day J10SAR on downside on Day TF (Intermediate low during the downtrend - EW2, EW4 etc)Raghavendra
Namaste Ilango Sir & Blogmates, Bullish: Bears got the desired follow-up but were unable to sustain and the Bulls came back with vigour to move the index back above the psychological level of 6000, weakness any seen has evaporated in thin air...: Option Analysis for 08-01-2013Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
Dear Raghavendra,Very valid observation..Thanks.
Dear Raghavendraji,Please make it more clear to people like us who are novice. What we mean by Top is in and bottom is in.
Vishnu,Bottom is in :Example 1 : When Nifty made initial bottom @ 4789 on May 18, observe JNSAR and J10SAR values on May 17, May 18, May 21st herehttp://tradeinniftyonly.blogspot.in/2012/05/nifty-intraday-update-iii_21.htmlExample 2 : When Nifty made a bottom @5216 on 5th September, observe JNSAR and J10SAR values from 4th ,5th , 6th, and 7th Sep herehttp://tradeinniftyonly.blogspot.in/2012/09/nifty-intraday-update-iii_6.htmlhttp://tradeinniftyonly.blogspot.in/2012/09/nifty-intraday-update-iii_7.htmlTop is in :Example : When Nifty made a top @5815 on 5th October, observe JNSAR and J10SAR values on 4th, 5th and 8th October values herehttp://tradeinniftyonly.blogspot.in/2012/10/nifty-intraday-update-iii_5.htmlRaghavendra
Vishnu,Another example of Top is in :Nifty makes a high of 5449 on Aug 24th, Observe JNSAR and J10SAR values on 22nd, 23rd, 24th and 27th August herehttp://tradeinniftyonly.blogspot.in/2012/08/nifty-ends-week-with-higher-tf-firm.html