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Nifty View - December '14 Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #121  Posted: Mon Dec 08, 2014 8:36 pm Post subject: |
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FIIs bought 4985 cr in cash and their average price is 8693NF.
DIIs bought 1031 cr in cash.
mostly includes Infy block deal. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #122 Posted: Tue Dec 09, 2014 12:06 pm Post subject: |
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Tempted to buy but wary of one more dip..what shld be the ideal SL now vinay if one wants to buy...
| riteshucha wrote: | feel u might have hurried a bit in going long... expecting 8390 / 8400 NS tomm or 8440/50 NF approx...
| vinay28 wrote: | | Sold my puts and went long. |
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if it falls further, best place to go long around 8440-8400 where I will add. nifty has touched bottom line of gramophone today and hence bought[/quote] |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #123 Posted: Tue Dec 09, 2014 12:14 pm Post subject: |
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ritesh, as posted many day ago, 8415-8390 was crucial zone. I added longs when it went below 8400. Placed order to buy more around 8400NF though I feel low may be over.
SL for positional long is much below i.e. daily close below 8368NF |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #124 Posted: Tue Dec 09, 2014 1:52 pm Post subject: |
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bought small now... tight SL of 8402...fingers crossed..
still jittery and feel 8380 might be touvhed today... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #125 Posted: Tue Dec 09, 2014 2:00 pm Post subject: |
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| riteshucha wrote: | bought small now... tight SL of 8402...fingers crossed..
still jittery and feel 8380 might be touvhed today... |
ritesh, IMHO, you shouldn't trade if you don't have conviction about your trade and that too with a SL which I can't understand how you got.
Look at these facts (a) NF fell 39 from morning low but 8700ce only fell 0.85. Also, I bought at 9.95 when NS was 6400 but later it was 10.20 when NS was 8376. What else does it tell us if not accumulation?
If at all you are worried, tight SL should be close at absolute day's low. anyway, let's see what happens after 2.45. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #126 Posted: Tue Dec 09, 2014 2:12 pm Post subject: |
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thanks point well noted...
SL is the level from one of JT's so many excel sheet... 
if it breaks next point buy is -20 i.e 8382... thats how i have been trading..
| vinay28 wrote: | | riteshucha wrote: | bought small now... tight SL of 8402...fingers crossed..
still jittery and feel 8380 might be touvhed today... |
ritesh, IMHO, you shouldn't trade if you don't have conviction about your trade and that too with a SL which I can't understand how you got.
Look at these facts (a) NF fell 39 from morning low but 8700ce only fell 0.85. Also, I bought at 9.95 when NS was 6400 but later it was 10.20 when NS was 8376. What else does it tell us if not accumulation?
If at all you are worried, tight SL should be close at absolute day's low. anyway, let's see what happens after 2.45. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #127 Posted: Tue Dec 09, 2014 2:18 pm Post subject: |
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thanks point well noted...
SL is the level from one of JT's so many excel sheet...
if it breaks next point buy is -20 i.e 8382... thats how i have been trading..
| vinay28 wrote: | | riteshucha wrote: | bought small now... tight SL of 8402...fingers crossed..
still jittery and feel 8380 might be touvhed today... |
ritesh, IMHO, you shouldn't trade if you don't have conviction about your trade and that too with a SL which I can't understand how you got.
Look at these facts (a) NF fell 39 from morning low but 8700ce only fell 0.85. Also, I bought at 9.95 when NS was 6400 but later it was 10.20 when NS was 8376. What else does it tell us if not accumulation?
If at all you are worried, tight SL should be close at absolute day's low. anyway, let's see what happens after 2.45. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #128 Posted: Tue Dec 09, 2014 2:19 pm Post subject: |
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| oh ok. if you are going to buy at 8382Nf, I suggest buy at 8387 instead |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #129 Posted: Tue Dec 09, 2014 2:21 pm Post subject: |
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thanks point well noted...
SL is the level from one of JT's so many excel sheet...
if it breaks next point buy is -20 i.e 8382... thats how i have been trading..
| vinay28 wrote: | | riteshucha wrote: | bought small now... tight SL of 8402...fingers crossed..
still jittery and feel 8380 might be touvhed today... |
ritesh, IMHO, you shouldn't trade if you don't have conviction about your trade and that too with a SL which I can't understand how you got.
Look at these facts (a) NF fell 39 from morning low but 8700ce only fell 0.85. Also, I bought at 9.95 when NS was 6400 but later it was 10.20 when NS was 8376. What else does it tell us if not accumulation?
If at all you are worried, tight SL should be close at absolute day's low. anyway, let's see what happens after 2.45. |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #130 Posted: Tue Dec 09, 2014 2:34 pm Post subject: |
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Vinay,
Fibo retracement 38.2% from recent rally of 7724 to 8627 comes to around 8285......
do you think it may go there before moving up.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #131 Posted: Tue Dec 09, 2014 2:36 pm Post subject: |
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| manojkr78 wrote: | Vinay,
Fibo retracement 38.2% from recent rally of 7724 to 8627 comes to around 8285......
do you think it may go there before moving up.... |
I have no idea where it will stop manoj. I feel today's low can be about 8387NF |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #132 Posted: Tue Dec 09, 2014 2:52 pm Post subject: |
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| mock trading low of NF was 8380. |
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mdsaravana
White Belt
Joined: 07 Feb 2014
Posts: 19
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| Post: #133 Posted: Tue Dec 09, 2014 3:35 pm Post subject: |
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| vinay, three days fall and formed three black crows candlestick(in an uptrend) may this bearish reversal pattern? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #134 Posted: Tue Dec 09, 2014 3:54 pm Post subject: |
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| mdsaravana wrote: | | vinay, three days fall and formed three black crows candlestick(in an uptrend) may this bearish reversal pattern? |
yes, in fact three "identical" black crows since 2nd and 3rd candle opened near close of previous one implying much more fall. The only doubt about this formation is that the first candle did not really start at the high of the trend.
However, if tmrw's candle is green and closes above high of 3rd candle i.e. 8445 then it becomes a rare Mat Hold pattern indicating bullish continuation.
Note that bullish div is developing and hence tmrw may be very strongly +ve. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #135 Posted: Tue Dec 09, 2014 3:58 pm Post subject: |
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| touch and go |
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