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amitagg
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Post: #286  Posted: Tue Mar 27, 2018 9:43 am Post subject: |
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Can see this wave going up
It will extend but end below 10480 if bottom is not yet formed
It will go beyond 10640 to confirm the bottom at 9948
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amitagg
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| Post: #287 Posted: Wed Mar 28, 2018 12:15 pm Post subject: |
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For very short term—- bullishness continues since last post
NS continues to be bullish above 10080 to target 10200
BNS continues to be bullish above 24080 to target 24450/24900
It is not a recommendation to go long due to truncated week
There would be some open positions of most which we manage based on normal trading methodology
Above post means sell level is NOT triggered unless below 10080/23900
CMP 10149/ 24340 |
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amitagg
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| Post: #288 Posted: Mon Apr 02, 2018 6:10 pm Post subject: |
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Refer March 26 post of below
Is it going to make a lower top.....rising as expected and mentioned!
Likely length of this wave will be 10370 |
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amitagg
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| Post: #289 Posted: Wed Apr 04, 2018 8:46 pm Post subject: |
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Broader picture
It’s on bear mode below lower highs at 10500-10600
And lower 9600-10240 orbit as well if 10276 holds
Hence expect sideways moves and we shall see if 9685 goes or 10630
I would be a willing buyer above each of the above levels ( support and breakout)
For time being NS
to sell 10080 minus filter target 9955/10000
TO buy 10280 plus filter target 10355/10400
Below post validly playing out with lower highs being formed and not violated
Given the overall 5 bull to unfold trick is to buy the falls after break of lows and hold
Interestingly only break of 9600 would lead to a sideways / seller market and confirm 11100 as top
Don’t miss opportunity to BUY and ADD the 200 dma |
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amitagg
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| Post: #290 Posted: Wed Apr 04, 2018 11:32 pm Post subject: |
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All in all consistent with posts below I expect market to make a lower low as well and test 9685 and 9723/50
Only action there would be able to determine the end of uptrend and timing of correction of 11170-6800/7800
This is posted on April 4 2018 |
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amitagg
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| Post: #291 Posted: Thu Apr 05, 2018 9:59 am Post subject: |
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Price action is again telling us today that it’s bearish and would make lower top and fall in days below 10000 - top is 10300 or 10370 or 10470 ( likely not the last)
Change of view happens above 10640/10700 to move beyond the top of 11170 |
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amitagg
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| Post: #292 Posted: Wed May 02, 2018 6:27 pm Post subject: |
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| amitagg wrote: | 38.2 retrace done at 9920/9950 levels (11172-7893-6893 which low you intend to take) reach yourself
It’s wave retraced 50 percent and this is MOST NATURAL retrace in bull market
See post of March 25 2018 below
Just to add so as not to disappoint amateur traders ; there is a pattern in which waves retrace closer to 78-80 percent for instance not breaking highs but reaching near and breaking lows but not enough and rising to closure to previous top
Therefore in Swings if you read some literature one method to see the extent of next wave is how much previous wave retraced in correction+. So like in this one if retrace came closer to high NS and lower highs being formed 10500. 10700 then Lows below previous Lowe also won’t be that much
So I mentioned previous post knowing that we are in BULL market long term above 9685 DEFINITELY ( I expected 5 waves to unfold and therefore like today’s low one more LOWER HIGH can be formed below 10500 and we fall back to BELOW today’s low but above 9685 - again as I stated before the fall below 9948 would not be much since waves are somethwat OVERLapping
So we are in GOOD uptrend IF we move above 10640 without breaking 9948 and I would say bottom is done for correction of wave 7800/6800 to 11172
However as stated above if a lower high is formed that we see some time elapse and further retrace down below today’s low
That’s all
Some corrective patterns like this in downtrend are visible in crude etc
By principle of alternaton 50 percent 38 percent retrace are falling in proper piece
Actually market is KING and therefore we trade our prognosis and then SYStem trades should be taken basis our overall prognosis
Also 10240/10000 are big Gann supports
If you read we gann
49 * 49 0= 2401(0)
(7*7) * (7*)
Perfect double square combo also visible in BAnk NIFTY to give 24000 support
25000 is already considered a important number again
Tyicpally we see a possible WHIPlash here
200 day’s averages near by
Go back past many many years history study chart action around 200 day average ::,,
It’s not easy to break 9685 therefore
I have added LONGs in investment portfolio today
8000 / 7800 is Bear market low for all times to come for me if a bear market comes now
9000 level is a good retrace level by many counts
( we would have sideways markets 8000-11000 for years if we hit 9000)
All is possible.... what’s the likely outcome and probability is very well defined to me
RSI at 30 would give good support
Weekly rsi not reached 30 yet so we can have some weeks of this sideways action
All in all pls buy if you keep generating surplus funds each month so that you can make total portfolio value larger and then see the gains on that larger portfolio value in the impending 5 the wave ( won’t just tell the length of that wave to unfold or try to guess)
Good luck ,
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Above was post of March 26 reiterating investment buys at 10000 level. Was sticking my neck out in bearish stance.
Subsequent post of April 5/6 mentioned change in view above 10640/10700 to return to bull trajectory
In my view, 10790/10800/ 10850 can hold and market can fall down to SUB below 10000 levels. This is a first post - but not an invitation to short unless have well defined MM rules and specific strategy
Above 10575 minus filter of say 60 points bearishness does not trigger
Below 10660 gives first sign of bearishness and OR BUT I shall short the level.
Would be the first person to call and change in trend if happens.....
ENjoy the investment surpluses and MUCH MUCH MORE BULL rally to come in years ahead
And enjoy the short term trading decision points NS
Below 10660 target 10610/10565 stop 10730
Below 10510 -10500 target 10455/1010 stop 10570
Below 10350 target 10295/10250 stop 10410
Above 10780 (if goes below 10660 first from here cmp 10718) then buy target 10830/10890
Above 10950 target 11100/11150 stop 10880
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amitagg
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| Post: #293 Posted: Fri May 04, 2018 2:45 pm Post subject: |
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| First target of 50 points hits.... |
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amitagg
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| Post: #294 Posted: Tue May 08, 2018 9:36 am Post subject: |
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| NS is long now 10735 target 10820 stop 10660 |
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amitagg
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| Post: #295 Posted: Sat May 12, 2018 6:15 pm Post subject: |
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| Second trade gives 85 points profits.....and completed |
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amitagg
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| Post: #296 Posted: Sat May 12, 2018 6:24 pm Post subject: |
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I hold 10500 put June for investment hedge purchased at 100.....
10500-10600 levels can be hit next week ( and vol can rise ) to switch to covered call if warranted
ONLY market above 11172 high would be bullish for ‘vertical rise’....
Otherwise we are in TOP...and decent 400-800 fall coming.... |
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amitagg
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| Post: #297 Posted: Tue May 15, 2018 7:34 pm Post subject: |
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| amitagg wrote: | I hold 10500 put June for investment hedge purchased at 100.....
10500-10600 levels can be hit next week ( and vol can rise ) to switch to covered call if warranted
ONLY market above 11172 high would be bullish for ‘vertical rise’....
Otherwise we are in TOP...and decent 400-800 fall coming.... |
Today added July 10500 as well as hedge |
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amitagg
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| Post: #298 Posted: Tue May 15, 2018 9:17 pm Post subject: |
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In this c of 4th wave flat or triangle we can hit 9700 as well ( CMP 10800) approx.
while it took support around 200 daily ema this time around 10000-10100
If now it goes below the rising 200 ema, it would create the Best whiplash for the 5 the wave rally to 13000 NS levels innext couple of years..... |
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amitagg
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| Post: #299 Posted: Fri May 18, 2018 3:18 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | I hold 10500 put June for investment hedge purchased at 100.....
10500-10600 levels can be hit next week ( and vol can rise ) to switch to covered call if warranted
ONLY market above 11172 high would be bullish for ‘vertical rise’....
Otherwise we are in TOP...and decent 400-800 fall coming.... |
Today added July 10500 as well as hedge |
400 point fall from top almost ....
Sweetly captured ( part ) |
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amitagg
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| Post: #300 Posted: Thu May 24, 2018 4:28 pm Post subject: |
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No no bottom not there yet ( don’t mistake today’s movement......)
It is going to 10100-9700 .....
In few weeks / months
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