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Meaning of NR7 pattern ! |
Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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Post: #331  Posted: Tue Feb 18, 2020 9:51 am Post subject: |
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Nfty curPrice 11959 till now, nearly 90 pts dn from ydays cl 12045.
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Posted: 14 Feb 2020
.... Nfty may go down further, ...
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For short period, I may consider going long in Nfty at proper lvl with proper SL.
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #332 Posted: Wed Feb 19, 2020 9:34 am Post subject: |
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Nfty curPrice 12115
Booked profit in Nfty longs. 
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Posted: 18 Feb 2020
Nfty curPrice 11959 till now, nearly 90 pts dn from ydays cl 12045.
...
For short period, I may consider going long in Nfty at proper lvl with proper SL.
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For my trading, now I may consider shorts in Nfty.
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #333 Posted: Wed Feb 19, 2020 10:41 am Post subject: |
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Nfty curPrice around 12050.
Booked profit in Nfty shorts at 12047.
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Posted: 19 Feb 2020
....Nfty curPrice 12115
For my trading, now I may consider shorts in Nfty.
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Will wait for next trade with proper lvl !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #334 Posted: Thu Feb 20, 2020 12:27 pm Post subject: |
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Nfty curPrice around 12145.
....
For my trading, now I may consider positional shorts in Nfty.
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #335 Posted: Thu Feb 20, 2020 2:37 pm Post subject: |
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Nfty curPrice around 12120.
Due to some reason booked profit in Nfty shorts around 12114.
May not be able to attend market today.
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Posted: 20 Feb 2020 12:27
Nfty curPrice around 12145.
....
For my trading, now I may consider positional shorts in Nfty.
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shanticomq
White Belt
Joined: 22 Jan 2011
Posts: 219
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| Post: #336 Posted: Fri Feb 21, 2020 9:39 am Post subject: |
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| Pats wrote: | Nfty curPrice around 12145.
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For my trading, now I may consider positional shorts in Nfty.
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Hi Pats,
Same time RSI -VE diversion in 30min Nfty chart.
12150 to 12079 closed.
Sanjay |
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #337 Posted: Tue Feb 25, 2020 10:47 am Post subject: |
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Nfty curPrice 11823.
For my trading I may consider going long in Nfty, with proper SL.
... By the way, diff freauent large Fire Incidents/accidents and strange road accidents with fires, ... are some what disturbing for Market.
... Just an observation !
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..
shanticomq
Posted: 21 Feb 2020
Hi Pats,
Same time RSI -VE diversion in 30min Nfty chart.
12150 to 12079 closed.
Sanjay
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@shanticomq
... You may be correct, but intraday or short term trades I do not consider deversions as imp indiacator for my trades.
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #338 Posted: Wed Feb 26, 2020 1:09 pm Post subject: |
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Nfty curPrice 11712.
1) Yday my Nfty long SL was triggered immidiately which I had kept just 15 pts lower of my PPrice, sensing the high IVix.
2) Today booked small profit in Nfty shorts in first 2 hrs.
3) Now again started accumulating OTM Nfty CEs of March Mnthly expiry - one lot at a time basis, as the indices are in oversold lvls. No SL for the time being, as money involved is small enough !
4) Also I plotted a chart of Corona virus casualties and infected numbers globally from last 2 mnths. I assume this chart also shows OversCasulty and OverInfection zone.
... So some cool-off expected due to global recovery efforts to contain this epidemic !!
5) Joke apart ! Indians are already resilient enough to many epidemics from the time 19th century - like Plague, Collerha, ChickenPox, AIDS, Sarse and Riots/Clashes etc etc.
.. So hopefully global recovery may start with some downside whip-saws and hicups, I guess !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #339 Posted: Wed Feb 26, 2020 2:34 pm Post subject: |
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Booked profit in 26Mar expiry Nfty 12100CEs 5 lots Baught@67 Sold @76.
75 x 5 lots = 375 qty
375 x 10 pts profit = 3750 total profit in just an hour - NOT BAD in a declining market.
*** Nfty 26Mar 12100CE chart Attached ***
Will repeat such trades, whenever posoble. .. Explained here, just for interested newbees !
Just give attention to Ivix intra chart as well !
Carrying and accumulatin some other strikes CEs - one lot at a time as well.
This ichart site is a great resourse for intraday traders as well , providing Nfty, BN and IVix intra charts on the same front page. Great People. Thanks to Team icharts !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #340 Posted: Thu Feb 27, 2020 9:57 am Post subject: |
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Nfty curPrice 11594.
IVix seems to be stabilizing.
Taking risk of accumulating Nfty 26Mar expiry 11900CEs around 102, one by one, with proper SL.
.. Nifty mnthly support is around 11100 +/- 100 pts.
... If Global markets fail to stabilize and recover, then I will be careful for positional longs.
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #341 Posted: Thu Feb 27, 2020 11:59 am Post subject: |
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Nfty around 11563.
Low till now is 11536.
If Nfty fails to take sup around 11530 to 11620 zone, then next sup as per prvs pattern is around 11400 only, below which 11100 +/- , as mentioned in last post.
*** Attached Chart shows it all graphically ***
Will add more lots of Nfty 26Mar 11900CEs as required.
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #342 Posted: Thu Feb 27, 2020 12:08 pm Post subject: |
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| Pats wrote: | Nfty around 11563.
Low till now is 11536.
If Nfty fails to take sup around 11530 to 11620 zone, then next sup as per prvs pattern is around 11400 only, below which 11100 +/- , as mentioned in last post.
*** Attached Chart shows it all graphically ***
Will add more lots of Nfty 26Mar 11900CEs as required.
*** For Education Purpose Only *** |
Hi,
What is the logic behind 840 point fall in second time, it can be 1200 as well. |
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #343 Posted: Fri Feb 28, 2020 7:37 am Post subject: |
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chetan83 wrote:
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Hi,
What is the logic behind 840 point fall in second time, it can be 1200 as well.
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@chetan
Good logical Q !
But the logical answer is also much simpler !
*** The Attached Mnthly Chart from 2001 *** shows :
1) ... In Y2018 start, Nfty correction went down a tad below mnthly 21SMA (10200) and rebounced from psychological lvl 10000.
... In the end of same year, Nfty corrected from that years all-time-high (11800) towards Mthly 10SMA (10500) and rebounced from psychological lvl 10000.
2) ... In Y2019, Nfty corrected from that years all-time-high (12100) towards Mthly 10SMA (11000) and rebounced from a little abv psychological lvl (10500).
3) ... In current Y2020, Nfty corrected from latest high of 12450. till a tad below 21SMA (11700) upto current psychological lvl (11500).
... Current mnhly 21SMA stands at 11372 (rounded to 11400), which is a logical rebounce lvl, as of now.
... Below 11400 , the psychological lvl can extend till (11000), which I have already mentioned in one of my prvs post, and may come or may not come.
Feb2020 high is around 12240 , minus 11400 comes around 840.
Hope this explains it all !
.. By the way, trend is friend, hence a trader should ride his profitable position. .. I am holding 26Mar RIL 1380PEs B@14. Last high was 52. ... Yday booked 50%, rest holding.
For retails, such big falls provide good opportunity to accumulate NftyBEES and BankNftyBBES, I guess ! .. I was tremendously benefited from Y2008 big fall in market !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #344 Posted: Fri Feb 28, 2020 3:20 pm Post subject: |
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Nfty todays low around 11185.
1)Booked intraday Nfty shorts from 11305 to 11185.
2)Due to weekend, also booked profit in one more lot 26Mar RIL 1380PEs around 82. BuyPrice was @14. Lot size 500. Only one lot balance now.
$/INR surging. ..
Corona may be a one time opportunity for India, instead of a scare !
Just a thought !
Pharma and IT stocks looks interesting for my trading.
1000 pts up - away from here is 12200.
26Mar 12200CEs todays low is around 12.
May be a gap-down and recovery , if all goes well !
Corona reminds me, plague scare some years before Y2000 in Mumbai Metro City. 4 antibiotic capsules worth Rs.10/- were sold at whopping 35/- or more. I was also one of the buyers ! ... Pharma related people were too happy and busy counting !
... After a month, everything was calm, quite and as ususal. Villages generally ignore such events !
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RAJDESAI1967
Yellow Belt
Joined: 19 Mar 2013
Posts: 518
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| Post: #345 Posted: Fri Feb 28, 2020 4:36 pm Post subject: NF |
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pats-----any reasoning for taking such a far of ce @ 12200 @ 12/-
just for knowledge..askd |
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