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NIFTY PREDICTION |
ritapandit25
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Joined: 04 May 2013
Posts: 2926
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Post: #166  Posted: Thu Aug 29, 2013 8:44 pm Post subject: |
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Make or Break: Reversal ?Tomorrow will be decided.
Nifty pivot=5380.Break of 5330 will lead more fall to 5200.
Break of 5440 level rally will continue to 5550-5620. |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #167 Posted: Fri Aug 30, 2013 5:54 pm Post subject: |
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Yes it is a Reversal Signal:
If Nifty Spot stay above 5441 again on 02.09.2013. Nifty Spot Target in coming days to 5610-5720.
Go Long with Stop 5400. Buy on deep will be the strategy. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #168 Posted: Sat Aug 31, 2013 10:04 am Post subject: |
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| guess the target is far off ...lets see, as posted in NVK thread today....it can fall below 5380 still rebound with dropting to below 5250-5290 and be a sell at 5525-5550 [without touching 5600] and this can be repeated 1-2 times before it finally decides to touch 5650 or 5150. |
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ritapandit25
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Joined: 04 May 2013
Posts: 2926
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| Post: #169 Posted: Sat Aug 31, 2013 11:16 am Post subject: |
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| amitagg wrote: | | guess the target is far off ...lets see, as posted in NVK thread today....it can fall below 5380 still rebound with dropting to below 5250-5290 and be a sell at 5525-5550 [without touching 5600] and this can be repeated 1-2 times before it finally decides to touch 5650 or 5150. |
Looking towards SGX Nifty & GDP data.Nifty on Monday start with Gap down opening, support 5360 if break & close below 5350 then Nifty target 5075-4896 will confirm.
If nifty sustain above 5440 level & close with good volume on Monday then 5550-5700 will confirm. |
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mchart
White Belt
Joined: 06 Aug 2013
Posts: 8
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| Post: #170 Posted: Sat Aug 31, 2013 7:30 pm Post subject: |
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Hi Rita,
Just wanted to confirm how do you trade level. What is the typical risk reward one should keep while trading levels. So, one should go long if Nifty spot goes above 5441 with a SL at 5400?
Also, what if Nifty goes to 5450, comes to 5390 after the hitting SL goes above 5441. Should one again enter the long trade?
I would imagine, that once a person has been stopped out at 5400. He should wait for the downside reference level (say 5380) to be broken down. What would be the SL in that case? Would it be again 5400 or 5441? |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #171 Posted: Sun Sep 01, 2013 2:51 pm Post subject: |
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| mchart wrote: | Hi Rita,
Just wanted to confirm how do you trade level. What is the typical risk reward one should keep while trading levels. So, one should go long if Nifty spot goes above 5441 with a SL at 5400?
Also, what if Nifty goes to 5450, comes to 5390 after the hitting SL goes above 5441. Should one again enter the long trade?
I would imagine, that once a person has been stopped out at 5400. He should wait for the downside reference level (say 5380) to be broken down. What would be the SL in that case? Would it be again 5400 or 5441? |
mchart,
U have to follow Fibo retracement, Gann level, Pivot level, rsi, %K for doing intraday play.
On Friday Nifty range was 5360 to 5493, in such a wide range Stop loss will trigger both for short as well as long. It is up to u how much risk u can take depends on ur money power.
5440 was the key level to short/Long. Nifty strength always above 5440. |
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mchart
White Belt
Joined: 06 Aug 2013
Posts: 8
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| Post: #172 Posted: Mon Sep 02, 2013 12:20 am Post subject: |
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| ritapandit25 wrote: | | mchart wrote: | Hi Rita,
Just wanted to confirm how do you trade level. What is the typical risk reward one should keep while trading levels. So, one should go long if Nifty spot goes above 5441 with a SL at 5400?
Also, what if Nifty goes to 5450, comes to 5390 after the hitting SL goes above 5441. Should one again enter the long trade?
I would imagine, that once a person has been stopped out at 5400. He should wait for the downside reference level (say 5380) to be broken down. What would be the SL in that case? Would it be again 5400 or 5441? |
mchart,
U have to follow Fibo retracement, Gann level, Pivot level, rsi, %K for doing intraday play.
On Friday Nifty range was 5360 to 5493, in such a wide range Stop loss will trigger both for short as well as long. It is up to u how much risk u can take depends on ur money power.
5440 was the key level to short/Long. Nifty strength always above 5440. |
Ritaji,
Actually precisely that is my concern. How do we use bidirectional calls without SL. How is it different from- if Nifty stays above 5400 it will go to 5500-5600 and if stays below 5400 it will go to 5300-5200, because eventually it will move in either of the direction?
We would prefer one definite direction (or rather with some higher probability assigned to a particular direction) so that we can trade in the direction with a (meaningful/strict) SL. Else you may pickup any random point and 'if above it...add 60-100 more points to it to get a longside trgt' and 'if below it... subtract 60-100 from it you will get short side target'. I would suggest that would also make an interesting trading system. |
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mchart
White Belt
Joined: 06 Aug 2013
Posts: 8
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| Post: #173 Posted: Mon Sep 02, 2013 12:45 pm Post subject: |
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tgt of 5500 achieved.. now mkt moving towards 5600  |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #174 Posted: Mon Sep 02, 2013 1:40 pm Post subject: |
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| Be alert break of 5523 & 5508 level. |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #175 Posted: Mon Sep 02, 2013 3:58 pm Post subject: |
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Nifty Spot for 03/09/2013:
Go long with Stop 5470. Target 5590-5620-5645.
Due to overbought some selling can be tomorrow. So buy at low near 5515 if comes. |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #176 Posted: Tue Sep 03, 2013 11:55 am Post subject: |
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| Sell Nifty if break 5460 level |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #177 Posted: Tue Sep 03, 2013 12:02 pm Post subject: |
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| ritapandit25 wrote: | | Sell Nifty if break 5460 level |
Nifty enter into Bear Zone again i.e below 5471 month closing.
Below 5440 Nifty can touch 5405-5385-5250. |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #178 Posted: Tue Sep 03, 2013 2:32 pm Post subject: |
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| ritapandit25 wrote: | | ritapandit25 wrote: | | Sell Nifty if break 5460 level |
Nifty enter into Bear Zone again i.e below 5471 month closing.
Below 5440 Nifty can touch 5405-5385-5250. |
Very Bearish now. 4896 confirming if close below 5385. |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #179 Posted: Tue Sep 03, 2013 5:30 pm Post subject: |
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Nifty for 04/09/2013:
Nifty pivot at 5415.
Expected bounce if global cues in green. Buy above 5350 with tight stop 5320.Target 5380-90-5405.If Nifty able to cross 5421 then further rally will continue to 5500 level.
Break down if it goes below 5315.Target 5285-5260-5230-5200-5170. |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #180 Posted: Tue Sep 03, 2013 6:33 pm Post subject: |
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| ritapandit25 wrote: | Nifty for 04/09/2013:
Nifty pivot at 5415.
Expected bounce if global cues in green. Buy above 5350 with tight stop 5320.Target 5380-90-5405.If Nifty able to cross 5421 then further rally will continue to 5500 level.
Break down if it goes below 5315.Target 5285-5260-5230-5200-5170. |
Rita,
Your levels are based on which strategy? Kindly tell.
Thanks |
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