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Nifty View - December |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #316  Posted: Thu Dec 06, 2012 4:19 pm Post subject: |
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who said I am a vulture. I was talking about FIIs. I was hedged with ce/pe yesterday but sold both in the first 15 min, first ce when trend turned -ve in first 2 min and then pe when NF went to 5905. Then bought pe again too late. Now I am hedged again. 
apka, today's candle is a long legged doji. you like them long legged right? 
A long legged doji should be considered as "top calling" (more bearish than hanging man) unless next couple of days close above 5943NS (today's high). |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #317 Posted: Thu Dec 06, 2012 5:26 pm Post subject: |
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| psalm wrote: |  ....hmn...what a move....I have a lot of short positions.....looks like they're about to explode tomorrow as per the way the market has closed...  ....if so, I'll be stopping index trading for a considerable future.....   ...anyway, let's see how the market behaves tomorrow.... |
Market would reward patience one day.  But in this case, it is not clear we are really going for breakout to new high or not. It can be distribution as well. Better give some days to see how it behaves. The way it is setup globally, it is really tilted towards new high. but close tracking is needed between 5900-6000 spot. What you say? |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #318 Posted: Thu Dec 06, 2012 5:53 pm Post subject: |
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| taxmann, here is the chart of 5800PE with volume |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #319 Posted: Thu Dec 06, 2012 5:57 pm Post subject: |
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apka, here are the charts of cup in 5 min, 15 min and 60 min TFs
Will post the AFP chart later on or tomorrow. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #320 Posted: Thu Dec 06, 2012 5:58 pm Post subject: |
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| is it correct saumya? It has hardly moved when nifty tanked? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #321 Posted: Thu Dec 06, 2012 5:59 pm Post subject: |
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| saumya, can you not post the whole cups? |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #322 Posted: Thu Dec 06, 2012 6:01 pm Post subject: |
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| vinay28 wrote: | | is it correct saumya? It has hardly moved when nifty tanked? |
Which one.
I could not get your idea.
All charts are from AB.
So no way of being incorrect. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #323 Posted: Thu Dec 06, 2012 6:05 pm Post subject: |
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| vinay28 wrote: | | saumya, can you not post the whole cups? |
You can copy and edit using print scrn button and paint software, to the size.
If I would have edited it to the cup only, all the relevant fields would have lost.
However if you want I can post the cups only.
One more easy way, as it is pdf file you can enlarge it to 400-500 to show the cups only, |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #324 Posted: Thu Dec 06, 2012 6:49 pm Post subject: |
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Apka
Here is the chart of APF (may be does not look like an exact APF) The image has expanded more on vertical side rather than horizontal side. The actual chart is more on horizontal side.
I do not know whether it is a coincidence or something else that the upper and lower trend lines has worked very well as resistance for nifty today. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #325 Posted: Thu Dec 06, 2012 7:01 pm Post subject: |
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| saumya, your apf seems fine till today's opening. after that you better draw new one considering large fall today. I have drawn an appx. one and attached |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #326 Posted: Thu Dec 06, 2012 7:50 pm Post subject: |
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| vinay28 wrote: | | saumya, your apf seems fine till today's opening. after that you better draw new one considering large fall today. I have drawn an appx. one and attached |
Very true vinay,
Usually I do not look for APF, It was only yesterday I found one so I post here on the demand of apka.
What is your opinion on the cup and also of the apf that you found today. The cup has a depth of more than 100 points in all TFs |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #327 Posted: Thu Dec 06, 2012 7:53 pm Post subject: |
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| similarly, if you draw apf for last rise, you will notice that median line gives about 5890, which is possible tmrw. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #328 Posted: Thu Dec 06, 2012 8:01 pm Post subject: |
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| saumya12 wrote: | | vinay28 wrote: | | saumya, your apf seems fine till today's opening. after that you better draw new one considering large fall today. I have drawn an appx. one and attached |
Very true vinay,
Usually I do not look for APF, It was only yesterday I found one so I post here on the demand of apka.
What is your opinion on the cup and also of the apf that you found today. The cup has a depth of more than 100 points in all TFs |
if a person not knowing me were read to this, it would point at you vinay
thanks saumya for the effort.
todays candle is like a bearish dragonfly doji.. expect the upper wick makes it not..
bank nifty has made a nice hanging man.. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #329 Posted: Thu Dec 06, 2012 8:03 pm Post subject: |
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| apka, clearly you haven't read my earlier post about vulture and today's candle. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #330 Posted: Thu Dec 06, 2012 8:11 pm Post subject: |
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| vinay28 wrote: | | apka, clearly you haven't read my earlier post about vulture and today's candle. |
aha indeed I didnt. long legged doji, dragon fly doji, hanging man doji... anyone else got any other bearish candlestick name to add here 
6338.90 -> 4531.15 = 78.2% fibonnici level comes at 5944.81... and the last high was 5945 before we came under bear market..
do they keep these numbers in mind and actually deliberately reversed from 4531 .. so uncanny match. |
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