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a layman's approach to break out and break down |
casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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Post: #1231  Posted: Mon Jan 10, 2011 2:14 pm Post subject: |
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price is retarcing 2585 in cash
if it gets rejected, ali bhai, u can enter here |
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1232 Posted: Mon Jan 10, 2011 2:16 pm Post subject: |
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ok casper bhai .. i will short fut if cash touches 2585
| casper wrote: | price is retarcing 2585 in cash
if it gets rejected, ali bhai, u can enter here |
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1233 Posted: Mon Jan 10, 2011 2:18 pm Post subject: |
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| ali522003 wrote: | ok casper bhai .. i will short fut if cash touches 2585
| casper wrote: | price is retarcing 2585 in cash
if it gets rejected, ali bhai, u can enter here |
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target to short between 2585-2580 dont wait for aprox 2585 however dont short below 2580 either
now check if u can short it |
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1234 Posted: Mon Jan 10, 2011 2:23 pm Post subject: |
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nf and bnf both at weekly support
i just pray it breaks further |
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1235 Posted: Mon Jan 10, 2011 2:30 pm Post subject: |
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shorting sbi now
| casper wrote: | nf and bnf both at weekly support
i just pray it breaks further |
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1236 Posted: Mon Jan 10, 2011 2:32 pm Post subject: |
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shorted one lot at 2588
| ali522003 wrote: | shorting sbi now
| casper wrote: | nf and bnf both at weekly support
i just pray it breaks further |
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1237 Posted: Mon Jan 10, 2011 2:39 pm Post subject: |
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| ali522003 wrote: | shorted one lot at 2588
| ali522003 wrote: | shorting sbi now
| casper wrote: | nf and bnf both at weekly support
i just pray it breaks further |
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ali bhai
my position will be closed automatically at 3 pm. but if this candle closes below pivot level of 2585 and does not come back on it
plz keep it shorted for at least 2550,2500. which may come today in late hours
on the contary, a close above 2585 will ruin our day |
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1238 Posted: Mon Jan 10, 2011 2:50 pm Post subject: |
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bank nifty spot low is 10719. it now at 10770
we need to break this low for further down move in bank stocks also
plz keep strict sl |
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1239 Posted: Mon Jan 10, 2011 2:52 pm Post subject: |
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wat should be the stop for sbi bhai
| casper wrote: | bank nifty spot low is 10719. it now at 10770
we need to break this low for further down move in bank stocks also
plz keep strict sl |
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1240 Posted: Mon Jan 10, 2011 2:56 pm Post subject: |
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| ali522003 wrote: | wat should be the stop for sbi bhai
| casper wrote: | bank nifty spot low is 10719. it now at 10770
we need to break this low for further down move in bank stocks also
plz keep strict sl |
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any candle close above 2585 in cash
its monthly pivot level i dont expect it to break that easily |
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1241 Posted: Mon Jan 10, 2011 3:00 pm Post subject: |
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sbi to gayooo sirjeee
| casper wrote: | | ali522003 wrote: | wat should be the stop for sbi bhai
| casper wrote: | bank nifty spot low is 10719. it now at 10770
we need to break this low for further down move in bank stocks also
plz keep strict sl |
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any candle close above 2585 in cash
its monthly pivot level i dont expect it to break that easily |
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1242 Posted: Mon Jan 10, 2011 3:04 pm Post subject: |
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| i am already out of market but ali bhai if u have multiple lots then can book a part here as 2548 in cash is weekly bollinger band support |
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #1243 Posted: Mon Jan 10, 2011 3:06 pm Post subject: |
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SBIN 40 points down.... Woooooooooooo.....  |
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #1244 Posted: Mon Jan 10, 2011 3:07 pm Post subject: |
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i had intraday position and most of the time my broker covers my psoition 
thats why i dont have a sound exit policy |
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ali522003
White Belt
Joined: 03 Jul 2010
Posts: 217
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| Post: #1245 Posted: Mon Jan 10, 2011 3:10 pm Post subject: |
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I am also out from sbi at 2565.
thanks a lot casper bhai .. loss couldnt be covered fully but levels of sbi was amazing ,, enjoyed trading.. will cover the remaining loss tomorrw.
thanks ravi bhai and manju bhai for the concern  |
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