Trading NR7 setup

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rohangawale

rohangawale

Well-Known Member
#511
#511
rohangawale said:
NR7 stocks triggered on 27 aug:

Code: 
STOCK		HIGH		LOW
ACC		810		790.5
GRASIM		2689		2642
HDFC BANK	1462		1444
HINDALCO 	107.9		105.25
ICICI BANK	760		746.85
TATA MOTORS	496		483.2
Click to expand...
close of nr7 stocks on 28th aug
Code: 
STOCK		CLOSE
ACC		809.3
GRASIM		2658.65
HDFC BANK	1457.75
HINDALCO 	109.1
ICICI BANK	763.6
TATA MOTORS	490.45
 
rohangawale

rohangawale

Well-Known Member
#512
#512
NR7 stocks triggered on 28 aug:

Code: 
STOCK		CLOSE		LOW
AMBUJA CEM	99.4		97.25
HIND UNILEVER	260.35		255.65
 
S

Satyen

Well-Known Member
#513
#513
Looking at nifty future chart we still in range contraction mode though we had a break out on friday but i think range has not expanded yet so waiting for range expansion and a trend in lower time frame
 
lazytrader

lazytrader

Well-Known Member
#514
#514
It looks like we are in low volatality stage now. Basically you will see a lot of narrow ranges and not much breakout. Something like consolidation. I happens ofter at supp/resistances. I think it might take some time to actually breakout and begin a high volatility trend.

To see something like that we need a trigger. Usually the hype drives the market up and then it gets overbought then fear will make it oversold but there noone seems to panic. I think it could be the 2008 effect. People have seen the biggest bear of our era and not really panicing or making any hasty decisions.

Something like they say - cautious optimism.
 
G

gurprB2J

Member
#517
#517
AW10 said:
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.
Click to expand...

sir
pls elborate on nr99. what does this means . i m new ,studying and back testing . so come to this mail today . so pls tell


gurpreet
 
rohangawale

rohangawale

Well-Known Member
#518
#518
gurprB2J said:
sir
pls elborate on nr99. what does this means . i m new ,studying and back testing . so come to this mail today . so pls tell


gurpreet
Click to expand...
NR99 means the range of nifty is narrowest compared to past 99 days.
like what we are calling NR7 is the narrowest range in past 7 days including that days range.

it shows the contraction of nifty.
 
rohangawale

rohangawale

Well-Known Member
#519
#519
rohangawale said:
NR7 stocks triggered on 31 aug:

Code: 
STOCK		HIGH		LOW
AXIS BANK	913		895
BHEL		2331.35		2283
HCL TECH	306.45		295.65
HDFC LTD	2505		2460
STERLITE IND	687.4		668.55
WIPRO		557.85		548
Click to expand...
Close as on 1st Sept:

Code: 
STOCK		CLOSE
AXIS BANK	892.7
BHEL		2263.7
HCL TECH	297.6
HDFC LTD	2413.9
STERLITE IND	656.5
WIPRO		559.05
 
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