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Nifty View - July Series |
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #61  Posted: Thu Jul 03, 2014 5:33 pm Post subject: |
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| If there is a technical name for this type of curving up trend lines, then I am not aware... Usually I find when it goes 90 degrees it's the top of the rally. A closing below it will suggest end of the strong rally. We seem to be near. Each closing point is at a distance of 600-700 points. So next one after a rally could be near 8100 provided there is a continuance of rally. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #62 Posted: Thu Jul 03, 2014 6:24 pm Post subject: |
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| apka wrote: | | If there is a technical name for this type of curving up trend lines, then I am not aware... Usually I find when it goes 90 degrees it's the top of the rally. A closing below it will suggest end of the strong rally. We seem to be near. Each closing point is at a distance of 600-700 points. So next one after a rally could be near 8100 provided there is a continuance of rally. |
there are like tangents to a parabola and hence parabolic rise. but end can not be ascertained. check out long term gold chart. real peaking will happen, IMHO, well above 10K, close to 11K.
here's something else for "post budget-8100" scenario. since may '12 till date, in spite of making many many new highs, S&P didn't react even 10% during any fall. Ours being an immature market (being predominantly ruled by FII money), >10% fall is not ruled out. fall due to "x" money taken out is 3-4 times the rise with same amount of money coming in. |
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dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
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| Post: #63 Posted: Fri Jul 04, 2014 9:43 am Post subject: intraday nifty fut 04/07/2014 |
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buy above 7751 and sell below 7741
above trgts 7761/7780 and more upside above 7780 only with trgts 7798/7805/7809/7816/7819
below trgts 7730/7712 and more dnside below 7712 only with trgts 7693/7686/7675/7671
trgts of 7730/7712/7693/7686 achieved below 7741
Last edited by dynamite_munda11 on Fri Jul 04, 2014 12:16 pm; edited 1 time in total |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #64 Posted: Fri Jul 04, 2014 9:54 am Post subject: |
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NF
Buy At 7757.72. Target = 7812.02. Stoploss = 7695.65824
Sell At 7735.28. Target = 7681.13. Stoploss = 7797.16224
BNF
Buy At 15633.68. Target = 15743.11. Stoploss = 15508.6056
Sell At 15487.33. Target = 15378.91. Stoploss = 15611.2236 |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #65 Posted: Fri Jul 04, 2014 12:07 pm Post subject: |
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yest sell tgt achieved...
anyone holding yest short or today fresh short below 15487 can keep SL either at today's HIGH or at 15633....
| riteshucha wrote: | BNF
Buy At 15665.95. Target = 15775.61.
Sell At 15578.45. Target = 15469.40. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #66 Posted: Fri Jul 04, 2014 12:26 pm Post subject: |
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booked... yest sell... fresh short SL at 7759...
| riteshucha wrote: | intra
Buy At 7782.51. Target = 7836.99.
Sell At 7748.59. Target = 7694.35.
already in sell.... SL for today sell would be 7783...
as i have mentioning, area arnd tgt price can be good short for 30/40 points.. so keep a watch for that too... |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #67 Posted: Fri Jul 04, 2014 12:39 pm Post subject: |
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doneeeee 
waiting for BNF...
| riteshucha wrote: | NF
Buy At 7757.72. Target = 7812.02. Stoploss = 7695.65824
Sell At 7735.28. Target = 7681.13. Stoploss = 7797.16224
BNF
Buy At 15633.68. Target = 15743.11. Stoploss = 15508.6056
Sell At 15487.33. Target = 15378.91. Stoploss = 15611.2236 |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #68 Posted: Fri Jul 04, 2014 1:36 pm Post subject: |
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reverse buy gave 50 points......
weekend happy happy!!!!
| riteshucha wrote: | doneeeee
waiting for BNF...
| riteshucha wrote: | NF
Buy At 7757.72. Target = 7812.02. Stoploss = 7695.65824
Sell At 7735.28. Target = 7681.13. Stoploss = 7797.16224
BNF
Buy At 15633.68. Target = 15743.11. Stoploss = 15508.6056
Sell At 15487.33. Target = 15378.91. Stoploss = 15611.2236 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #69 Posted: Fri Jul 04, 2014 1:51 pm Post subject: |
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| riteshucha wrote: | reverse buy gave 50 points......
weekend happy happy!!!!
| riteshucha wrote: | doneeeee
waiting for BNF...
| riteshucha wrote: | NF
Buy At 7757.72. Target = 7812.02. Stoploss = 7695.65824
Sell At 7735.28. Target = 7681.13. Stoploss = 7797.16224
BNF
Buy At 15633.68. Target = 15743.11. Stoploss = 15508.6056
Sell At 15487.33. Target = 15378.91. Stoploss = 15611.2236 |
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the success rates are becoming amazing!!!! |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #70 Posted: Fri Jul 04, 2014 2:09 pm Post subject: |
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| unless it crosses day's high, no buy... one can attempt one more short at 7740 or near abt NF open price... and again if it falls below 7735, then we can once again see 7681 (+/- 5 points).... |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #71 Posted: Fri Jul 04, 2014 2:50 pm Post subject: |
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BNF nifty SL hit...
| riteshucha wrote: | yest sell tgt achieved...
anyone holding yest short or today fresh short below 15487 can keep SL either at today's HIGH or at 15633....
| riteshucha wrote: | BNF
Buy At 15665.95. Target = 15775.61.
Sell At 15578.45. Target = 15469.40. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #72 Posted: Fri Jul 04, 2014 2:50 pm Post subject: |
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| tight SL for shorts 7774NF or better is 7760NS |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #73 Posted: Fri Jul 04, 2014 3:05 pm Post subject: |
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| today's candle is interesting |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #74 Posted: Fri Jul 04, 2014 6:13 pm Post subject: |
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i would like to share this excel sheet which i had (obviously shared by soomeone in this forum only)...
just need to enter the OPEN every day... buy / sell is above/below breach of second level...
can be used effectively to trail and protect profits incase of sudden movements...
once 1 level is taken out after open, buy or sell (whichever direction) and keep SL at the level above or below open price and then keeping trailing by one level after the 3 rd / 4th level so an so forth, is taken out...
ex - today short was below 7731, and first STOP was 7777, then when it took out 7715, TSL becomes 7754, once 7692 was taken out, TSL becomes 7731... book profits as per appetite and keep lowering SL's...
also one point to note here is that these TSL level also act as SAR values... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #75 Posted: Fri Jul 04, 2014 6:26 pm Post subject: |
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| riteshucha wrote: | i would like to share this excel sheet which i had (obviously shared by soomeone in this forum only)...
just need to enter the OPEN every day... buy / sell is above/below breach of second level...
can be used effectively to trail and protect profits incase of sudden movements...
once 1 level is taken out after open, buy or sell (whichever direction) and keep SL at the level above or below open price and then keeping trailing by one level after the 3 rd / 4th level so an so forth, is taken out...
ex - today short was below 7731, and first STOP was 7777, then when it took out 7715, TSL becomes 7754, once 7692 was taken out, TSL becomes 7731... book profits as per appetite and keep lowering SL's...
also one point to note here is that these TSL level also act as SAR values... |
have u tested it? |
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