Trading NR7 setup

[AW10]

No fresh nr7 stocks triggered today on nifty - 50 stocks.

Rohan, Yesterday was WS 7 day ( wideest spread of last 7 days).. and on such day when market is in expansion, it is difficult to find stock that will stay in contraction..

We have seen break of narrow range with expansion in range which is something that we want to see with breakout - i.e. range expansion. Without that, the break could be misleading. Lets see if we are going to see some more expansion days (i.e. 120+ pts range days) in next few days.

Happy Trading

 

[AW10]

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.

Thanks Rohan for the explaining NR99.
gurprB2J, don't wait for NR99 as they rarely appear. Even NR7 days (narrowest range of last 7 days come hardly 15% of the time). Number bigger then 7 after NR has no extra meaning in interpretation but just that we have seen higher degree of contraction and range expansion is just around the corner.

Don't interpret that if NR7 break, gives 150 points opportunity then NR99 will give atleast x time bigger opportunity. There is no base for such logic (atleast I have not seen any base so far)

Happy Trading

 

[rohangawale]

NR7 stocks triggered on 2nd Sept:

[B]STOCK		HIGH		LOW[/B]
ACC		787.9		771.05
AMBUJA CEM	99.05		98
NTPC		210.85		206.95
PNB		689.8		674.8
RANBAXY		327.4		317
SBI		1750		1715
TATA POWER	1310		1271.1

 

[niklravi]

dar all
can some one post the closing price of the stocks on the next day for an comparatie study so that one can follow the system. posting daily the nr7 stocks along with the prices on the next day will definetl help many.
ravi

 

[rohangawale]

we have got NR4 today on spot nifty. with 74 points.

 

[rohangawale]

dar all
can some one post the closing price of the stocks on the next day for an comparatie study so that one can follow the system. posting daily the nr7 stocks along with the prices on the next day will definetl help many.
ravi

Pls go thru prev pages. i m posting all the closing prices of next day for the stocks which triggered NR7 on prev day.

 

[rohangawale]

NR7 stocks triggered on 2nd Sept:

[B]STOCK		HIGH		LOW[/B]
ACC		787.9		771.05
AMBUJA CEM	99.05		98
NTPC		210.85		206.95
PNB		689.8		674.8
RANBAXY		327.4		317
SBI		1750		1715
TATA POWER	1310		1271.1

close as on 3rd sept:

STOCK		CLOSE
ACC		769
AMBUJA CEM	99.85
NTPC		205.6
PNB		678.4
RANBAXY		315.65
SBI		1747
TATA POWER	1265.2

 

[rohangawale]

NR7 Stock triggered on 3rd Sept:

[B]STOCK		HIGH		LOW[/B]
ABB		737.75		725
CAIRN		259.9		254.75
DLF		420.5		411
GRASIM		4627.7		2594.5
[B]PNB		685		670.25[/B]
REL POWER	162.65		159.95
[B]SBI		1756.9		1737.2[/B]

 

[MurAtt]

Nifty Inside Bar too!

 

[nareshch]

Here we Go .

Inside bar and NR7 in Nifty Weekly

Naresh