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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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Post: #1321  Posted: Fri Sep 19, 2014 8:12 am Post subject: |
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NIFTY can be bought above 8134 for 8155-8175
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #1322 Posted: Fri Sep 19, 2014 8:26 am Post subject: |
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Just a word of caution:
Yesterday's move was fierce short covering that does not mean market will continue to move up.... if anyone left behind then be patient and wait for levels to cross to take new position or market to decide direction... do not jump in.
Yesterday, weak hands are out of the system. Fresh shorts can emerge again.
Looks like NIFTY is in the process of forming Head and Shoulder pattern on Hourly chart only if it start downward move below 8155.
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #1323 Posted: Fri Sep 19, 2014 9:54 am Post subject: |
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[INTRADAY]
NIFTY can be SHORT here with Stop Loss 8140(spot)
BOOK PROFIT wherever comfortable
| mikky wrote: | | NIFTY can be bought above 8134 for 8155-8175 |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #1324 Posted: Fri Sep 19, 2014 10:16 am Post subject: |
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CANARA BANK can be SOLD with STOP LOSS 410
BOOK PROFIT where ever comfortable
| mikky wrote: | | Canara Bank Long only above 421, wait for levels to trade... |
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manojrp
White Belt
Joined: 14 Mar 2012
Posts: 432
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| Post: #1325 Posted: Fri Sep 19, 2014 10:39 am Post subject: |
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| mikky wrote: | [INTRADAY]
NIFTY can be SHORT here with Stop Loss 8140(spot)
BOOK PROFIT wherever comfortable
| mikky wrote: | | NIFTY can be bought above 8134 for 8155-8175 |
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SL hit can i reverse trader ?
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #1326 Posted: Fri Sep 19, 2014 11:12 am Post subject: |
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| manojrp wrote: | | mikky wrote: | [INTRADAY]
NIFTY can be SHORT here with Stop Loss 8140(spot)
BOOK PROFIT wherever comfortable
| mikky wrote: | | NIFTY can be bought above 8134 for 8155-8175 |
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SL hit can i reverse trader ? |
Hope you have reversed it, Tgt 1 Done on Long side
Made high of 8166
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #1327 Posted: Fri Sep 19, 2014 11:47 am Post subject: |
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CANARA BANK Modify STOP LOSS @400
Safe trader start booking profit @395.25
| mikky wrote: | CANARA BANK can be SOLD with STOP LOSS 410
BOOK PROFIT where ever comfortable
| mikky wrote: | | Canara Bank Long only above 421, wait for levels to trade... |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #1328 Posted: Fri Sep 19, 2014 11:56 am Post subject: |
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[Possible Trade]
SHORT COLGATE PALMOLIVE on every rise with STOP 1643
Target 1615-1605-1585
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278 Time(s) |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #1329 Posted: Fri Sep 19, 2014 12:24 pm Post subject: |
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BOOK FULL PROFIT
| mikky wrote: | CANARA BANK Modify STOP LOSS @400
Safe trader start booking profit @395.25
| mikky wrote: | CANARA BANK can be SOLD with STOP LOSS 410
BOOK PROFIT where ever comfortable
| mikky wrote: | | Canara Bank Long only above 421, wait for levels to trade... |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #1330 Posted: Fri Sep 19, 2014 2:59 pm Post subject: |
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To be safe... exit the trade just to avoid Gap up kind of situation...
Though gap up chance is less still get out
| mikky wrote: | [Possible Trade]
SHORT COLGATE PALMOLIVE on every rise with STOP 1643
Target 1615-1605-1585 |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #1331 Posted: Fri Sep 19, 2014 6:57 pm Post subject: |
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Looks like Head and shoulder pattern started taking shape on an hour chart. Right shoulder formed....
Let's see how it goes next week.
| mikky wrote: | Just a word of caution:
Yesterday's move was fierce short covering that does not mean market will continue to move up.... if anyone left behind then be patient and wait for levels to cross to take new position or market to decide direction... do not jump in.
Yesterday, weak hands are out of the system. Fresh shorts can emerge again.
Looks like NIFTY is in the process of forming Head and Shoulder pattern on Hourly chart only if it start downward move below 8155. |
| Description: |
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32.65 KB |
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294 Time(s) |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #1332 Posted: Mon Sep 22, 2014 8:33 am Post subject: |
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NIFTY can target 7850-7800 on the downside in case it closed below 8080 today.
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #1333 Posted: Mon Sep 22, 2014 12:54 pm Post subject: |
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[Possiblke Trade]
Colgate Palmolive
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296 Time(s) |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #1334 Posted: Mon Sep 22, 2014 9:06 pm Post subject: |
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I will be away in October from equity as need to take care some personal work.
Today, I took POSITIONAL trade in SILVER till Deepawali with target 42000-43000 with Stop Loss of 36000.
Currently we have only 2 call running which are posted:
1) NIFTY 8000 PE
2) COLGATE-PALMOLIVE @1056 with Stop Loss @1067
Food for Thought
This is 3rd session when FII selling and DII not buying much in equity still market is moving up. It seems retail investors are back in market and as per my experience whenever retail investor come to market, correction is lurking round the corner.
May be I m wrong... 
Happy Trading... See you after Deepawali
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1335 Posted: Mon Sep 22, 2014 9:16 pm Post subject: |
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| Wishing u too and have also bought silver just now at 39400 Nov (above my supply zone) - target 39800 (most conservsative)
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