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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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Post: #16  Posted: Wed Jul 11, 2018 2:12 pm Post subject: |
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| Nifty is in skewed position to pull the moving averages up side. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #17 Posted: Wed Jul 11, 2018 5:49 pm Post subject: |
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| chandrujimrc wrote: | | Non stop rally from monthly S1 10546 to R1 10888,so nifty will take some rest to clear some moving average over dues.Two consecutive close or weekly close above R1 is a must for further up move.What ever it is,TSL is a must for long position holders due to high PE value.This is my view only.Do your analysis. |
Not sure whether Monthly Pivots work that perfectly or respects the “ weekly close” concept........anyhow ....back test won’t be that good I would imagine
What is the TSL level you are proposing !?
On price movement yes you can well be right ....... |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #18 Posted: Thu Jul 12, 2018 9:16 am Post subject: |
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Dear amitagg sir,
Due to over bought and high PE value condition I don't want to loose my gain so I will keep a close below R1 as my Tsl,in case mkt again closes above R1 I will continue my longs because I am expecting Nifty to re test Jan 2018 high but before this expiry I am expecting to hit R2.More over I am not expecting any major correction due to our general election.Any how mkt is always supreme.Let us hope for the best. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #19 Posted: Thu Jul 12, 2018 10:51 am Post subject: |
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chandru ji,
how about selling now at 11035 with a stop at R2 (11062) for R1 (10888 and pivot (10720) as target?? since nifty is in overbought position and giving good rnr trade on short side!! |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #20 Posted: Thu Jul 12, 2018 11:54 am Post subject: |
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Dear Ritesh,
Mkt is moving up & up without showing any weakness so I am not thinking for short side because mkt is pulling every moving averages to up side by going skewed position with upward bias.So be cautious in short side. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #21 Posted: Tue Jul 17, 2018 1:49 pm Post subject: |
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| Nifty has cleared over due moving averages one by one except 30 mnt 200Ema @10880 which is R1 of this month.So hereafter mkt will try to move up again with close basis Tsl at 10880. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #22 Posted: Wed Jul 18, 2018 11:22 am Post subject: |
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| Nifty fut crossed the previous high 11069 but spot not yet but after hitting previous day close and 5 mnt 50Ema mkt will try to close above monthly R2 11062.Let us hope for the best.This is my view only. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #23 Posted: Mon Jul 23, 2018 5:25 pm Post subject: |
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| chandrujimrc wrote: | | Non stop rally from monthly S1 10546 to R1 10888,so nifty will take some rest to clear some moving average over dues.Two consecutive close or weekly close above R1 is a must for further up move.What ever it is,TSL is a must for long position holders due to high PE value.This is my view only.Do your analysis. |
Nifty crossed the previous high and closed above monthly R2.Let us hope for the new all time high.  |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #24 Posted: Fri Jul 27, 2018 12:09 pm Post subject: |
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| chandrujimrc wrote: | | chandrujimrc wrote: | | Non stop rally from monthly S1 10546 to R1 10888,so nifty will take some rest to clear some moving average over dues.Two consecutive close or weekly close above R1 is a must for further up move.What ever it is,TSL is a must for long position holders due to high PE value.This is my view only.Do your analysis. |
Nifty crossed the previous high and closed above monthly R2.Let us hope for the new all time high. |
Nifty has created new ATH.Let us hope for new all time highest daily,weekly and also close above monthly R3 11230. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #25 Posted: Mon Jul 30, 2018 1:26 am Post subject: |
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| chandrujimrc wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | Non stop rally from monthly S1 10546 to R1 10888,so nifty will take some rest to clear some moving average over dues.Two consecutive close or weekly close above R1 is a must for further up move.What ever it is,TSL is a must for long position holders due to high PE value.This is my view only.Do your analysis. |
Nifty crossed the previous high and closed above monthly R2.Let us hope for the new all time high. |
Nifty has created new ATH.Let us hope for new all time highest daily,weekly and also close above monthly R3 11230. |
New all time highest daily weekly and also a close above monthly R3,every thing done by the market.Let us hope for the new highest monthly close.But be alert,there is a 40 point premium difference gap between July and aug contract on 25/07/2018.So mkt will try to fill this gap.If mkt closes below friday close be ready for that. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #26 Posted: Thu Aug 09, 2018 1:34 am Post subject: |
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| Nifty and Bank niftry both are in pucca -ve divergence.Be alert and cautious ..TSL is a must for longs. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #27 Posted: Tue Aug 14, 2018 1:10 pm Post subject: |
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| Dollar price going up,Crude price going up,Nifty&Bank nifty P/E going up and mkt also going up with -ve divrg.So be cautious. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #28 Posted: Tue Aug 14, 2018 1:55 pm Post subject: |
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Msg posted by someone else in another forum:
TOMORROW WE ARE COMPLETING 71 YEARS OF INDEPENDENCE DAY AND OUR RUPEE CROSSED 70 AGAINST $. STILL DOLLAR IS RE 1 CHEAP .
HAPPY INDEPENDENCE DAY IN ADVANCE.
CAUTION ..RUPEE MAY TOUCH 71 ON 16TH AUGUST. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #29 Posted: Sun Aug 26, 2018 12:51 pm Post subject: |
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| chandrujimrc wrote: | | Dollar price going up,Crude price going up,Nifty&Bank nifty P/E going up and mkt also going up with -ve divrg.So be cautious. |
Pink marked areas are Rsi divergence areas where mkt has given minimum 500 points benefit.Moreover mkt at R1 of Aug with -ve divergence,so try to reduce long positions or keep strict Tsl and get ready for taking short positions probably after this expiry or a close below previous weekly close.Hereafter there is a chance of huge gap down opening to avoid giving chance to retail traders taking short positions.This is my view only.Do your analysis and trade accordingly. |
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amit522
White Belt
Joined: 31 Oct 2017
Posts: 117
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| Post: #30 Posted: Wed Aug 29, 2018 9:39 am Post subject: |
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| chandrujimrc wrote: | | chandrujimrc wrote: | | Dollar price going up,Crude price going up,Nifty&Bank nifty P/E going up and mkt also going up with -ve divrg.So be cautious. |
Pink marked areas are Rsi divergence areas where mkt has given minimum 500 points benefit.Moreover mkt at R1 of Aug with -ve divergence,so try to reduce long positions or keep strict Tsl and get ready for taking short positions probably after this expiry or a close below previous weekly close.Hereafter there is a chance of huge gap down opening to avoid giving chance to retail traders taking short positions.This is my view only.Do your analysis and trade accordingly. |
Till the time a mass of people be on CAUTION ALERT, market will not come down.
a Bull run is born on pessimism, grows of skepticism and dies on Euphoria.
There is no Euphoria in market and hence the inverse reaction. Everybody is feeling that this run has now run too long and hence buying puts, which makes manipulators make more money by going against the general sentiment
Regards,
Amit |
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