Trading NR7 setup

[Satyen]

Ya definately some action is expected like today.
last time we got 2NR7 on 25th and 26th Aug, but the breakout was not that strong as NR7 effect.
prior to that 2NR7 was on 24th and 27th july and the effect we saw one day late and a rally of nearly 460points in 4 days.

lets c tomo which scenario mkt will repeat.

Hi all my veiw on current range contraction , now we are in another range lets see where it takses us ...........

 

[yogesh-tiwari]

For what??

For tracking stocks with NR7 range everyday..It really helps in stock picking for short term.

 

[rohangawale]

For tracking stocks with NR7 range everyday..It really helps in stock picking for short term.

Actually AW10 Sir deserves the thanks for the wonderful thread and his helping nature to explain everybody thier doubts.
Thanks to AW10 from all of us sir.

 

[rohangawale]

NR7 stocks triggered on 9th Sept:

[B]STOCK		HIGH		LOW[/B]
NIFTY		4,825.05		4,783.50
AXIS BANK	921.5		902.8
CIPLA 		269		263.75
HIND UNILEVER	267.6		263.6
ICICI BANK	799		783.6
IDEA		80.8		79.4
ITC		229		225.4
M&M		852.9		830.25
MARUTI		1542		1505.6
SIEMENS		521.65		504
SUZLON		102.4		99.5
TATA COMM	492.95		482.4
TATA MOTORS	564		548.05

Close of NR7 Stocks on 10th Sept:

STOCK		HIGH	LOW		Close	Trigger
NIFTY		4,825.054,783.50	4819.40	No Breakout
AXIS BANK	921.5	902.8		909.30	No Breakout
CIPLA 		269	263.75		265.05	No Breakout
HIND UNILEVER	267.6	263.6		262.10	Down Break
ICICI BANK	799	783.6		816.60	Up Break
IDEA		80.8	79.4		78.55	Down Break
ITC		229	225.4		229.05	Up Break
M&M		852.9	830.25		822.10	Down Break
MARUTI		1542	1505.6		1489.10	Down Break
SIEMENS		521.65	504		526.35	Up Break
SUZLON		102.4	99.5		97.00	Down Break
TATA COMM	492.95	482.4		479.75	Down Break
TATA MOTORS	564	548.05		562.65	No Breakout

 

[WOD]

We had two consecutive NR7 days today but still no action........Is this a sign of prolong choppiness between 4750-4850 that we might witness in coming days.......

 

[AW10]

WOD, Welcome back (not sure if you are really back)
There has been action today. Market gap opened, giving us indication of breakout on upside.. which was sold during the day and closed on other end, well within NR7 range. It is first sign that upside break was not convincing

If you can compare this to 5min chart, it is like one bar poping out of consolidation range and next bar comes back to the range. It could be a false breakout. Lets wait for further price action to develop before we get more clarity. Today range of 80 pts, is still below normal.. so IMO, we are still not out of consolidation. False breakout are typcial of long consolidation. Our markets have given good shakeout on Friday, so lets see what tomorrow brings.

Happy Trading

 

[rohangawale]

NR7 Stock triggered on 10th sept:

STOCK		HIGH		LOW
BPCL		578.8		562.5

 

[WOD]

WOD, Welcome back (not sure if you are really back)
There has been action today. Market gap opened, giving us indication of breakout on upside.. which was sold during the day and closed on other end, well within NR7 range. It is first sign that upside break was not convincing

If you can compare this to 5min chart, it is like one bar poping out of consolidation range and next bar comes back to the range. It could be a false breakout. Lets wait for further price action to develop before we get more clarity. Today range of 80 pts, is still below normal.. so IMO, we are still not out of consolidation. False breakout are typcial of long consolidation. Our markets have given good shakeout on Friday, so lets see what tomorrow brings.

Happy Trading

Yup I am really back now on....I think my trading has improved a lot over last 45 days so decided to come back with no breaks going forwards.......Will realive the thread "daily-tryst-with-nifty" and also my studies with NR7 will continue under your guidence.....

Yup....lets wait for clearity in the market ( at present we can not take any risk; its a no trading zone for me)....

Thanks...

 

[lazytrader]

Yup I am really back now on....I think my trading has improved a lot over last 45 days so decided to come back with no breaks going forwards.......Will realive the thread "daily-tryst-with-nifty" and also my studies with NR7 will continue under your guidence.....

Yup....lets wait for clearity in the market ( at present we can not take any risk; its a no trading zone for me)....

Thanks...

I think it would be better to start a new thread with overall analysis of all markets including global indices, metals, etc because all that affects us.

Well the range has shrunk considerably but I suppose in bullish markets that's usually the case?

 

[rohangawale]

NR7 Stock triggered on 10th sept:

STOCK		HIGH		LOW
BPCL		578.8		562.5

		10-Sep			11-Sep	
STOCK		HIGH	LOW		Close	Trigger
BPCL		578.8	562.5		559.60	Down Break