|
|
| View previous topic :: View next topic |
| Author |
Nifty View - July '15 Series |
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
Post: #16  Posted: Mon Jun 29, 2015 2:51 pm Post subject: |
 |
|
| vinay28 wrote: | | apka wrote: | | rajnikant hit buy button |
tks for the appreciation.  |
 |
|
| Back to top |
|
 |
|
| |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #17 Posted: Mon Jun 29, 2015 6:56 pm Post subject: |
|
|
This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.
Nifty for Tuesday (30/06/15) and beyond
Supports are at about 8293/81, 8241/32, 8215, 8188, 8147 and 8012 while resistances are at about 8358/67/79, 8416/27, 8451 and 8520. Unfilled gaps on higher/lower side are at about 8381/8174 and 200is at about 8372. Two +WWs can give about 8447/75 (if above 8310) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8225 (if below 8306), 8077 and 7984 (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8580 if nifty sustains above 8218.
Nifty rose sharply after a fall in spite of a huge gap down open and closed above 8300 but again below 200 dma. However, the bearish div continues and its effect is now showing. Break above 8490 and a close above 8434/59 will give hopes to bulls. Being last day of the month, a close below 8258 can cause more fall. Close below 8181 can be very bad. Global and local eco-political events can have a bearing on how nifty moves in short term. |
|
| Back to top |
|
|
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
|
| Post: #18 Posted: Tue Jun 30, 2015 11:08 am Post subject: Re: RR diarrhea, Greece drama etc |
|
|
Vinay Guru, RR vague words cause 200 point collapse
but Greece threatens default = market steady and even goes up little bit?
Yeh kya ho raha hai?
Prakash Holla |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #19 Posted: Tue Jun 30, 2015 1:46 pm Post subject: Re: RR diarrhea, Greece drama etc |
|
|
| pkholla wrote: | Vinay Guru, RR vague words cause 200 point collapse
but Greece threatens default = market steady and even goes up little bit?
Yeh kya ho raha hai?
Prakash Holla |
Prakash, market didn't fall because of Raghu's comments. Greece alone can't do a damn but collateral damage in terms of Italy, spain, Portugal, etc. is scary. add to that strong possibility that Ukraine will default in july with 198B$. These rascals are taking EU for a ride. common currency was a rank bad idea anyway. |
|
| Back to top |
|
|
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
|
| Post: #20 Posted: Tue Jun 30, 2015 2:11 pm Post subject: Re: Greece etc |
|
|
| vinay28 wrote: | | Greece alone can't do a damn but collateral damage in terms of Italy, spain, Portugal, etc. is scary. add to that strong possibility that Ukraine will default in july with 198B$. |
Sound Reasoning! Domino Effect. Thanks
Prakash Holla |
|
| Back to top |
|
|
riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
|
| Post: #21 Posted: Tue Jun 30, 2015 3:01 pm Post subject: |
|
|
sell around 8371 and more below 8353, SL 8395
tgt 8330, 8307, 8285 |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #22 Posted: Tue Jun 30, 2015 3:21 pm Post subject: |
|
|
| riteshucha wrote: | sell around 8371 and more below 8353, SL 8395
tgt 8330, 8307, 8285 |
after a long while ur post.....followed, ......so sold the Alchemist 50% longs for 50 points profit.........
sold balance 50% calls against the NF longs as per your recommendation to sell (to hedged Alchemist longs)....... shall remove the hedge (considering breakout....) above 8440 otherwise shall trade in calls.
wow confident man u are.  |
|
| Back to top |
|
|
sai24
White Belt
Joined: 13 May 2015
Posts: 5
|
| Post: #23 Posted: Tue Jun 30, 2015 3:24 pm Post subject: |
|
|
| riteshucha wrote: | sell around 8371 and more below 8353, SL 8395
tgt 8330, 8307, 8285 |
Which method do you follow? |
|
| Back to top |
|
|
riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
|
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #25 Posted: Tue Jun 30, 2015 6:56 pm Post subject: |
|
|
| sai24 wrote: | | riteshucha wrote: | sell around 8371 and more below 8353, SL 8395
tgt 8330, 8307, 8285 |
Which method do you follow? |
If JT method is followed ideally it is AFTER breaking 8353 sell is at 8371 and not when it first hits 8371...,,
But since 8363 is level given by him for sell below on MONTHLY and hence important level, possible thwart in movement and retrace down so u thought of selling .......
By the way 8360-8370 is also trend deciding weekly level.
It is possible though that it clears 8440 as well and gives a buy in JT watch out......yes a likely more plausible retrace down to 8340 or below can come befor that.... We are banking on this short trade.....
Gaps if start happening would be dicey ( so I am hedged) |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #26 Posted: Tue Jun 30, 2015 7:05 pm Post subject: |
|
|
| riteshucha wrote: | http://www.icharts.in/forum/nifty-positional-und-intra-day-trading-system-t5076.html
courtesy JT.. see excel sheet in post 2126 from Just trade...
enter OHLC of previous day and today's to generate levels for the next day's trade.. |
ritesh, if you had entered yesterdays ohlc and todays open, it was a buy above 8355? |
|
| Back to top |
|
|
riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
|
| Post: #27 Posted: Tue Jun 30, 2015 8:19 pm Post subject: |
|
|
Check for the excel sheet below ... There is one more... Dated Oct 2013 post
I don't follow the one that u r saying vinay...
Its mostly jt's monthly level in addition to this excel sheet that I generally trade with...
Today's levels u get when u enter Friday ohlc and Monday' ohlc... Wednesday level will be geneated with monday and tuesday's ohlc.. So and so forth
| vinay28 wrote: | | riteshucha wrote: | http://www.icharts.in/forum/nifty-positional-und-intra-day-trading-system-t5076.html
courtesy JT.. see excel sheet in post 2126 from Just trade...
enter OHLC of previous day and today's to generate levels for the next day's trade.. |
ritesh, if you had entered yesterdays ohlc and todays open, it was a buy above 8355? |
|
|
| Back to top |
|
|
riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
|
| Post: #28 Posted: Tue Jun 30, 2015 8:30 pm Post subject: |
|
|
If u take the excel sheet that I am talking, for tomm, nf crossing 8391 longs would be safe... Also today high was 8388, below monthly level of 8390... Hence crossing 8391 is very important, if it does, keep sl of 8349.... Positional longs shld be taken only if it closes above 8390 add more once it crosses 8445
Breaking below 8328/ 8330 will activated shorts... Will sl loss of 8372
I generally short / buy on pullbacks after breaking / crossing the levesl respectively....
8 out of 10 times, this excel sheet comes good... I mix a lot of diff levels to (primarily jt's) to manage trades...
Yest candle looked like a big hammer to me... If that is correct then first target comes to 8477
Another method says that holding below 8318 for more than one hour, will go for positional shorts... With sl 8444 closing basis..
There are many methods but this excel sheet of JT's is most suitable to me...
| amitagg wrote: | | sai24 wrote: | | riteshucha wrote: | sell around 8371 and more below 8353, SL 8395
tgt 8330, 8307, 8285 |
Which method do you follow? |
If JT method is followed ideally it is AFTER breaking 8353 sell is at 8371 and not when it first hits 8371...,,
But since 8363 is level given by him for sell below on MONTHLY and hence important level, possible thwart in movement and retrace down so u thought of selling .......
By the way 8360-8370 is also trend deciding weekly level.
It is possible though that it clears 8440 as well and gives a buy in JT watch out......yes a likely more plausible retrace down to 8340 or below can come befor that.... We are banking on this short trade.....
Gaps if start happening would be dicey ( so I am hedged) |
|
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #29 Posted: Tue Jun 30, 2015 8:38 pm Post subject: |
|
|
| ritesh, the link given by you gives excel sheet that I have. I don't have the other one. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #30 Posted: Tue Jun 30, 2015 8:39 pm Post subject: |
|
|
This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.
Nifty for Wednesday (01/07/15) and beyond
Supports are at about 8353, 8315, 8284, 8258 and 8188 while resistances are at about 8399, 8422/30, 8451, 8485, and 8510/20. Unfilled gaps on higher/lower side are at about 8381/8174 and 200 dma is at about 8372. Two +WWs can give about 8475/8500 (if above 8300) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8210 (if below 8355), 8166 (if below 8430) and 7988 (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8580 if nifty sustains above 8215.
Nifty rose sharply again after a gap down open and closed above 8350 but again just below 200 dma. However, the bearish div continues. Break above 8505 and a close above 8459 will give hopes to bulls. Close below 8318 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. |
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
