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Nifty Futures only - AA |
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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Post: #121  Posted: Thu Dec 01, 2016 9:21 pm Post subject: |
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As it turned 7940 was about The low..... Got only 80 points.... Exited 8020
Postional bullish only above 8430 now ( support turned resistance simple)
Otherwise time will neutralise the gains ..... If any below 8430......
Only Intra systems can be done
( had added few pieces to MF portfolio) and want it to drift lower to 7700.....
Untill above 7700 ..... No major bearishness for me.... And sideways from 7700-9000 /9200 expected for more than a year from now.....
( below 7700 which was theatrical level from 4530/5119 lows market would take 2-3 years to recover now with longer C of big corrective in motion...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #122 Posted: Tue Jan 03, 2017 10:01 pm Post subject: |
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| amitagg wrote: | As it turned 7940 was about The low..... Got only 80 points.... Exited 8020
Postional bullish only above 8430 now ( support turned resistance simple)
Otherwise time will neutralise the gains ..... If any below 8430......
Only Intra systems can be done
( had added few pieces to MF portfolio) and want it to drift lower to 7700.....
Untill above 7700 ..... No major bearishness for me.... And sideways from 7700-9000 /9200 expected for more than a year from now.....
( below 7700 which was theatrical level from 4530/5119 lows market would take 2-3 years to recover now with longer C of big corrective in motion...... |
after a month position just the same........W pattern would take NS higher.....
longer term prognosis seems working  ...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #123 Posted: Wed Jan 11, 2017 7:50 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | Next update
8390-8430 can come into play ( mentioned in July posts)
I would believe adding one tranche of good quality stocks / MFs AND whether good quality or not ( good charting stocks ) on declines ......
Since a corrective and not impulsive decline underway PLEASE don't get bearish.......
It would or should or can or may hold 8270 ( or 8390) and rise above 9300......
Trade as per system and use discretion based on market reading for filtration
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A day of reckoning ! finally 8430 (-approx) touched .... So we head one sided for 7800 or 9300 now ( after a whip or two around these levels! 
In these times " positional players" ( not me!) ( targeting 700-1000 points) have a low risk entry point of 8240 as strict SL for all longs on single closing basis. Let me try with couple of lots on buy side. Have gone long at 8410 NS. I would trade in and out and make it to cost ( expectation). First profit booking at 8540. Stop has already been told. |
8430 is important level.... Quite often it break ps 100150 points to 8540-8664 for long term charts ..... And goes sideways......
To break into bull trajectory for LONG POSITIONAL players targeting above 9100 or 9400 or 10800 or 13000, 8500-8600 levels therefore assumes MAX significance . Better to buy 8670 for long term than buy 8200-8300 break of 200 DMAs
Unless already smart to add at 7940....or at 8130. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #124 Posted: Sat Feb 25, 2017 10:32 pm Post subject: |
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9500 and 10800 coming IF crosses 9119 intra day
Would not go below 8270 in that case before hitting the targets
(7700 would be long term bottom) |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #125 Posted: Tue Mar 14, 2017 7:24 pm Post subject: |
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| amitagg wrote: | 9500 and 10800 coming IF crosses 9119 intra day
Would not go below 8270 in that case before hitting the targets
(7700 would be long term bottom) |
Rally still in "early stages" but some time to kill!!!
Please do add for 10300 target at 8700 levels which it shall come
even when it touches 9300/9500 if at all quickly but easily trend is up |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #126 Posted: Mon May 29, 2017 10:07 pm Post subject: |
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9610/50 is resistance for upmove
9607+152=9760 +30 filter =9800/9850 is top
Fall to 9100 (abrupt sharp) possible from 9650/9850
Don't target above 9850
Add positional at 9100/8700
Next target 10300/800 from 9100/8700 |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #127 Posted: Tue May 30, 2017 8:54 am Post subject: |
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| Thanks for update, |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #128 Posted: Tue Jun 13, 2017 6:55 pm Post subject: |
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| amitagg wrote: | 9610/50 is resistance for upmove
9607+152=9760 +30 filter =9800/9850 is top
Fall to 9100 (abrupt sharp) possible from 9650/9850
Don't target above 9850
Add positional at 9100/8700
Next target 10300/800 from 9100/8700 |
This was posted on 29th
9600 turning to be great resistance as obviously it should on many longer term parameters.....
So prognosis is if stays below 9700-9800 by June end, then expect 9000 and lower NOT 1000 by December
If above 9770 by June end expect 10300 in next six months
So time frame also given which means staying below 9700 it won't be able to target 10300 by December 31
Let's see ..... No directional view given till June third / forth week |
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Niftyman
White Belt
Joined: 22 Mar 2015
Posts: 340
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| Post: #129 Posted: Tue Jun 13, 2017 8:30 pm Post subject: |
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You wont have to wait till June end
IMO, this week (by 16th) itself, will decide, which way market is heading for |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #130 Posted: Wed Jun 28, 2017 7:41 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | 9610/50 is resistance for upmove
9607+152=9760 +30 filter =9800/9850 is top
Fall to 9100 (abrupt sharp) possible from 9650/9850
Don't target above 9850
Add positional at 9100/8700
Next target 10300/800 from 9100/8700 |
This was posted on 29th
9600 turning to be great resistance as obviously it should on many longer term parameters.....
So prognosis is if stays below 9700-9800 by June end, then expect 9000 and lower NOT 1000 by December
If above 9770 by June end expect 10300 in next six months
So time frame also given which means staying below 9700 it won't be able to target 10300 by December 31
Let's see ..... No directional view given till June third / forth week |
As turned out..... This was posted on 27th may before market started maintaining 9600 levels for complete month
Two scenarios:
- considering slower reaction from 9700 "one may need to rule out abrupt fall" even after GST which is negative in short term ( irrespective of how discounted by market)
- a good 500-600-700 points reaction would be welcome
- levels to trade are 9607-9457-9300-9150
- keep 30 filter and breakout above level given plus minus 30 points decides trajectory to next level
For example ( history) below 9607-30=9577 it hits 9457+30=9487 ( trade 1)
9487-9457 range price breakout out leads to 9526 ( 40 points in downtrend reaction)
Next trade 3 ( pending) below 9427 (9457-30) would hit 9300-9330 range ( 100 points)
Stop 30/60 points as per preference or market reading or direction of trade in line with higher time frame advance or decline
Note : no directional view to be taken since ongoing reaction to bull trend only
Directional view after July 15th |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #131 Posted: Fri Jun 30, 2017 9:54 pm Post subject: |
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9427 was not hit and sell did not trigger
So as can see it was not a sell below 9470-60 as one would one thought may be
Above 9587 ( maintaining) another smaller fancied double bottoms may result into straight hitting 9700-9750 if confirmed above 9637
Inability to stay above 9587 can mean back to 9457 .... Let is run sideways to down to take out eager players....
CMP 9521 |
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Parag9992
White Belt
Joined: 02 Jun 2017
Posts: 8
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| Post: #132 Posted: Sat Jul 01, 2017 9:47 am Post subject: |
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| Amit sir, u explaining all the levels and view very beautyfully.. Really apprieciated.. Great job sir.. Hats off.. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #133 Posted: Tue Jul 04, 2017 7:36 pm Post subject: |
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| amitagg wrote: | 9427 was not hit and sell did not trigger
So as can see it was not a sell below 9470-60 as one would one thought may be
Above 9587 ( maintaining) another smaller fancied double bottoms may result into straight hitting 9700-9750 if confirmed above 9637
Inability to stay above 9587 can mean back to 9457 .... Let is run sideways to down to take out eager players....
CMP 9521 |
It really struggled around 9635-9640 today,
Long stop 9584 or SAR 9570
Long buy 9640
If fails below 9587 ONCE means it is SIDEWAYS only from 9500-9700 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #134 Posted: Thu Jul 06, 2017 6:54 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | 9427 was not hit and sell did not trigger
So as can see it was not a sell below 9470-60 as one would one thought may be
Above 9587 ( maintaining) another smaller fancied double bottoms may result into straight hitting 9700-9750 if confirmed above 9637
Inability to stay above 9587 can mean back to 9457 .... Let is run sideways to down to take out eager players....
CMP 9521 |
It really struggled around 9635-9640 today,
Long stop 9584 or SAR 9570
Long buy 9640
If fails below 9587 ONCE means it is SIDEWAYS only from 9500-9700 |
Long buy hit target of 9700 today |
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Parag9992
White Belt
Joined: 02 Jun 2017
Posts: 8
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| Post: #135 Posted: Tue Jul 11, 2017 3:49 pm Post subject: |
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| amitagg wrote: | 9610/50 is resistance for upmove
9607+152=9760 +30 filter =9800/9850 is top
Fall to 9100 (abrupt sharp) possible from 9650/9850
Don't target above 9850
Add positional at 9100/8700
Next target 10300/800 from 9100/8700 |
Sir, can we take 9830 as a reversal? |
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