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Nifty View - January Series 2014 |
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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Post: #91  Posted: Fri Jan 03, 2014 1:52 pm Post subject: |
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| saumya12 wrote: | | rk_a2003 wrote: | | rk_a2003 wrote: | | saumya12 wrote: | | saumya12 wrote: | +ww in NF 1/3/5 min tf target 6240
If want to enter then enter after 6220
Take care
LTP 6215
SL 6210 |
Sorry guys
Just not able to cross 2-4 TL |
Don't worry,it made a triple bottom at point 5 and now moving up to meet the targets. |
Your target 6240 almost met...Cheer up Saumya.  |
Thanks RK
Just on target.
But it broke SL twice.
Now you got me, why I do not use to mention SL
As in my opinion, SL is a very subjective term, subject to one's risk capacity. And so one can enter SL as per ones risk capacity.  |
It's OK you can still mention SL.Quite often ww's make double bottoms at point 5 and meet the targets.Though I don't have statistics with me I can say that their success rate is too high.Now a days I am waiting for double bottoms to form at point 5 to take up a ww trade. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #92 Posted: Fri Jan 03, 2014 1:58 pm Post subject: |
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| rk_a2003 wrote: |
It's OK you can still mention SL.Quite often ww's make double bottoms at point 5 and meet the targets.Though I don't have statistics with me I can say that their success rate is too high.Now a days I am waiting for double bottoms to form at point 5 to take up a ww trade. |
Double bottom at point 5
Learnt something new.
Will certainly give it a try. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #93 Posted: Fri Jan 03, 2014 1:59 pm Post subject: |
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| come on give 6261 NS today |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #94 Posted: Fri Jan 03, 2014 2:01 pm Post subject: |
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| rk_a2003 wrote: | | It's OK you can still mention SL.Quite often ww's make double bottoms at point 5 and meet the targets.Though I don't have statistics with me I can say that their success rate is too high.Now a days I am waiting for double bottoms to form at point 5 to take up a ww trade. [/color] |
rk sir, how can it double bottom at 5 if 1-3 is slanting down? you mean lower low with +ve div? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #95 Posted: Fri Jan 03, 2014 2:08 pm Post subject: |
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| vix is falling sharply |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #96 Posted: Fri Jan 03, 2014 2:20 pm Post subject: |
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| vinay28 wrote: | | rk_a2003 wrote: | | It's OK you can still mention SL.Quite often ww's make double bottoms at point 5 and meet the targets.Though I don't have statistics with me I can say that their success rate is too high.Now a days I am waiting for double bottoms to form at point 5 to take up a ww trade. [/color] |
rk sir, how can it double bottom at 5 if 1-3 is slanting down? you mean lower low with +ve div? |
It will make a relative low/high at point 5, right.... Then that low will be tested again and price starts reversing from there, then it's a double bottom at point 5.I hope I am clear now. Usually there will be a +ve div here though I don't bother much about +div. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #97 Posted: Fri Jan 03, 2014 2:27 pm Post subject: |
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| vinay28 wrote: | | vix is falling sharply |
meaning? a lesser strength of downtrend? pls clarify |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #98 Posted: Fri Jan 03, 2014 2:33 pm Post subject: |
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| amitagg wrote: | | vinay28 wrote: | | vix is falling sharply |
meaning? a lesser strength of downtrend? pls clarify |
means fear factor reducing and traders getting bold enough to go long |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #99 Posted: Fri Jan 03, 2014 2:34 pm Post subject: |
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doesnt look like we are going to see a runaway rally to 6300 or past it...
6300 call value showing rising by just 1 re,, for a 15 piint rise in NIFTY...
does it mean, its being written... cant seem to figure.. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #100 Posted: Fri Jan 03, 2014 2:35 pm Post subject: |
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| riteshucha wrote: | doesnt look like we are going to see a runaway rally to 6300 or past it...
6300 call value showing rising by just 1 re,, for a 15 piint rise in NIFTY...
does it mean, its being written... cant seem to figure.. |
calls are still being written by some die hard bears but intensity is falling and some short covering is also going on. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #101 Posted: Fri Jan 03, 2014 2:44 pm Post subject: |
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| vinay28 wrote: | | vix is falling sharply |
>7% below top |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #102 Posted: Fri Jan 03, 2014 3:28 pm Post subject: |
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NF daily
Double bottom formed |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #103 Posted: Fri Jan 03, 2014 3:31 pm Post subject: |
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| saumya12 wrote: | NF daily
Double bottom formed |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #104 Posted: Fri Jan 03, 2014 3:32 pm Post subject: |
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| yes 6180-6220=6260 resistance and target...if 6220 clears ...yesterday's low..... |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #105 Posted: Fri Jan 03, 2014 3:37 pm Post subject: |
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6200 call hardly rose anything...
NF at 6222 -6200 call was 117..
NF at 6261 -- 6200 at 131...
14 rs rise for a 39 point NF rise.. strange for an ITM option..
vinay, is it the falling / low vix?.. if this is the case, then is it then better to buy futures when vix is at the lowest?
always wanted to know the corealtion...how does it work? |
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