Trading NR7 setup

[rohangawale]

Yes Rohan, that's how I would have traded this reversal (atleast for next 1 day) on the break of 5093.
As today mkt closed within Friday's range.. so we have to wait for next bar..

Today was the second time when upside break of NR7 was sold out and price reversed to the trading range of NR7.
Hope we are listening to what market is telling us.

Happy Trading

Now still the level of 5093 is holding and if tomo we see break below this leel we can go short as tht level is not yet touched by bears and it holds more importance and a valid entry point.
if mkt is been bullish then this level will again act as strong support.

 

[rohangawale]

NR7 stocks triggered on 20 Oct:

[B]STOCK		HIGH		LOW[/B]
AMBUJA CEMENT	92.6		91
INFOSYS 	2223		2170.2
NATIONAL ALUM	360.5		354.15
REL INFRA	1324		1286.2
TCS		625.8		612.05
TATA POWER	1427		1405.35

 

[itprodeepak]

NR7 stocks triggered on 20 Oct:

[B]STOCK		HIGH		LOW[/B]
AMBUJA CEMENT	92.6		91
INFOSYS 	2223		2170.2
NATIONAL ALUM	360.5		354.15
REL INFRA	1324		1286.2
TCS		625.8		612.05
TATA POWER	1427		1405.35

I think Ambuja, Infosys are wrong. They were having narrow range yesterday not today...

 

[rohangawale]

I think Ambuja, Infosys are wrong. They were having narrow range yesterday not today...

According to my data its right.
i have not taken in consideration data of 17th oct.

after 16th oct i have taken todays data and based on that all the nr7 stocks are mentioned in the above list submitted by me.

 

[rohangawale]

Hi Rohan,

I am getting following error while downloading the file

http://rapidshare.com/files/295659701/NR7Backtesting_sheet_-_Vijay_Modified.xls

i have moved the file to collectors account. so now u can download it.

 

[AW10]

27 points range in nifty in last 4 hrs of trading today.Volume is thin.
Our market did not react to open of European market. European mkt after opening in Green are just touching the close i.e closing the opening gap now.

Spring is compressed to the limit and expansion is just around the corner. We might get it last 1 hr today.. or a gap open tomorrow.

Lets listen to the market ..and trade carefully. Be on aleart to trade as per yr plan/strategy.

Happy Trading

 

[rohangawale]

Yest NR7 tata power touched high of 1469. entry was above 1427.

 

[rohangawale]

NR7 stocks triggered on 20 Oct:

[B]STOCK		HIGH		LOW[/B]
AMBUJA CEMENT	92.6		91
INFOSYS 	2223		2170.2
NATIONAL ALUM	360.5		354.15
REL INFRA	1324		1286.2
TCS		625.8		612.05
TATA POWER	1427		1405.35

NR7 Stocks close on 21 Oct:

		[B]20-Oct			21-Oct	
STOCK		HIGH	LOW		Close	Trigger[/B]
AMBUJA CEMENT	92.6	91		90.50	Down Break
INFOSYS 	2223	2170.2		2216.60	No Breakout
NATIONAL ALUM	360.5	354.15		360.50	No Breakout
REL INFRA	1324	1286.2		1290.55	No Breakout
TCS		625.8	612.05		632.80	Up Break
TATA POWER	1427	1405.35		1443.85	Up Break

 

[rohangawale]

NR7 Stocks Triggered on 21 Oct:

[B]STOCK		HIGH		LOW[/B]
BHEL		2472		2425.2
NTPC		218		214.65
RIL		2209		2168.65
R POWER		163.45		160.8
STERLITE	834		818.25

 

[VJAY]

Yest NR7 tata power touched high of 1469. entry was above 1427.

Dear rohan,
have an doubt about entry ....yesterday NR7 day for tatapower...today gone to 1469 and closed at 1443...then the entry is arround this close of 1443?am i right..?