The JNSAR Trading System is a back tested Trading system for NIFTY Trading.
The JNSAR Indicator has a 39% profitability on the signal generated.
The NIFTY closing below the JNSAR or Friday 22/SEPT/2017 , is a clear indication to SHORT sell NIFTY on Monday Morning open.
For more info on JNSAR Trading System...
Today the index decides to reverse up and closes above the " JNSAR Trading System " signals a LONG Trade Opportunity on the index.
The HimSagar Express had a change of plans and is now back en-route to Jammu Tawi
Yesterday , The Index closing below the " jnsar trading formula " line is all the reason an index trader needs to short the index.
Last time the T7 JNSAR Indicator flipped for a signal is a 425 point uptrend in 16 Trading days.
Forget reading charts, just look for this one indicator if you are a positional Index trader.
The T7 JNSAR indicator for the Nifty is...
The Resistance Lines are only secondary to this chart study.
The key factor is that FII's are still selling and the DII's fuel is running out to keep the index alive.
Check the FII outflow and Index correlation on the below image.