Trading NR21 Setup, Best method for Scalping

[mrcool4]

I scanned and found the following formed a NR21 Candle on Friday with the high and low of the NR21 candle:
Filter was applied for Stocks having a volume of more than 50000 !

FUTURE RETAIL LIMITED		152.25	147.15
GUJ NRE COKE		17.15	16.85
GUJ SIDHEE CEMEN		8.05	7.8
HEXAWARE TECHNOL		83.8	82.3
INDIAN HOTELS CO		57.3	56.6
JYOTHY LABS LTD		179.5	177.15
KAVVERI TEL. LTD.		37.1	34.7
KINGFISHER AIRLINES LIMITED		7	6.9
MANAPPURAM FINANCE LTD		17.1	16.9
MUTHOOT FINANCE LTD		135.25	133.1
NITESH ESTATES LTD		12	11.75
PRIME FOCUS		40.15	39.75
PTC INDIA FINANCIAL SERVICES LTD		14.1	13.85
RANA SUGARS		2.9	2.85
SHRIRAM CITYUNI FIN		1030.05	1025
SPICE COMMUN. LTD		58	56.55
SRS LTD		43.65	42.6
SUBEX LIMITED		9.2	9.05
TV18 BROADCAST LTD		27.3	26.65
VIP INDS		63.9	62.35

Hi rkkarnani,

Could you please let me know how to apply this volume filter on top of NR21 setup in keystocks lite.

Thanks,
MC

 

[traderite]

I watched the NR21 set up formation in Tata Comm last month and the stock gave good move after that. However the time taken for the move was not immediate but still there was good movement.

 

[nids1975]

Hi rkkarnani,

Could you please let me know how to apply this volume filter on top of NR21 setup in keystocks lite.

Thanks,
MC

You do not need volume filter in Keystocks like , Simply select watchlist from left hand side for scans. (Nifty 50 , cnx 100 , cnx 200)

 

[manickamtup]

this method can use mcx trade?

 

[krishan prakash saxena]

today nifty future(june,2013) is NR 21.

 

[krishan prakash saxena]

Please watch SBIN.
It's sun star day. SBIN is governed by sun.
SBIN is in NR 21 i.e. in last 21 days , SBIN trading range was minimum on 14th.
FUTSTK SBIN 27-Jun-13 high 2068.75 low 2040 closing 2051.85
happy trading.

 

[nids1975]

this method can use mcx trade?

Yes it can be used in MCX also , but in mcx we have to ignore Saturday data

 

[rajus19]

Hi Friends,

I'm getting difficulty understand the chart generated by Keystocks-lite tool for NR21, Can someone help me how to read it properly.

Thanks,
Srini

 

[nids1975]

Hi Friends,

I'm getting difficulty understand the chart generated by Keystocks-lite tool for NR21, Can someone help me how to read it properly.

Thanks,
Srini

I guess you are facing problem in understanding color of candles in sheet 1.

Sheet 1 consists system named Trend Manger .
Candle with Dark Green Color = Extreme Bullish , light green = bullish, yellow = mild bullish

Candle with Maroon color = Extreme Bearish , Red = Bearish, Magenta = mild bearish.

You can also switch to any other sheet for normal charts

Hope it helps

 

[rajus19]

I guess you are facing problem in understanding color of candles in sheet 1.

Sheet 1 consists system named Trend Manger .
Candle with Dark Green Color = Extreme Bullish , light green = bullish, yellow = mild bullish

Candle with Maroon color = Extreme Bearish , Red = Bearish, Magenta = mild bearish.

You can also switch to any other sheet for normal charts

Hope it helps

Thanks nids for your response, but I'm finding difficulty in understanding the numbers in the chart, whether I need to apply some logic to get the High/Low or directly take them. If you can give me a small example, it will be great, sorry to ask such a basic question.

Thanks,
Srini