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Nifty View - June Series 2014 |
saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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Post: #211  Posted: Wed Jun 25, 2014 7:33 pm Post subject: |
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| vinay28 wrote: | | NR7 day today |
yes/no 
It is not only NR7 but an IDNR 7 - Inside bar NR7
But why Nifty only
All the 4 major indices viz
BN, BNF, NS. NF - all are IDNR7 day
So, be little cautious, tomorrow can be a day of volatility. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #212 Posted: Wed Jun 25, 2014 7:39 pm Post subject: |
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| saumya12 wrote: | | vinay28 wrote: | | NR7 day today |
yes/no
It is not only NR7 but an IDNR 7 - Inside bar NR7
But why Nifty only
All the 4 major indices viz
BN, BNF, NS. NF - all are IDNR7 day
So, be little cautious, tomorrow can be a day of volatility. |
the last time such a small range was seen was on 22/4. by the way, it's a "high price" inside bar, implying consolidation rather than a reversal. still rules of inside bar can be applied if you wish i.e. BO/BD above/below previous candle's high/low.
remember, it can also be considered as a bullish flag with a target og 7700 unless it goes below 7540. flag gets killed below about 7495. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #213 Posted: Thu Jun 26, 2014 9:49 am Post subject: |
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| gambling call 7600ce for june |
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bappa1971
White Belt
Joined: 19 Mar 2012
Posts: 171
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| Post: #214 Posted: Thu Jun 26, 2014 10:11 am Post subject: hello |
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| today gambled....pe7500 bout 3.45 sold 14.5 and pe7450 bout .25 sold 5.5... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #215 Posted: Thu Jun 26, 2014 10:52 am Post subject: |
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| vinay28 wrote: | | gambling call 7600ce for june |
if gamble works, targets 5.5/13/46 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #216 Posted: Thu Jun 26, 2014 11:20 am Post subject: |
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| vinay28 wrote: | | saumya12 wrote: | | vinay28 wrote: | | NR7 day today |
yes/no
It is not only NR7 but an IDNR 7 - Inside bar NR7
But why Nifty only
All the 4 major indices viz
BN, BNF, NS. NF - all are IDNR7 day
So, be little cautious, tomorrow can be a day of volatility. |
the last time such a small range was seen was on 22/4. by the way, it's a "high price" inside bar, implying consolidation rather than a reversal. still rules of inside bar can be applied if you wish i.e. BO/BD above/below previous candle's high/low.
remember, it can also be considered as a bullish flag with a target og 7700 unless it goes below 7540. flag gets killed below about 7495. |
while your above words have sound simplistic/ routine, it takes years of experience to recognise the market position as u can do unlike mahy others. Vinay you may also not how how your great levels have fantastically tied with some other systems........ |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #217 Posted: Thu Jun 26, 2014 11:23 am Post subject: |
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| amitagg wrote: | | while your above words have sound simplistic/ routine, it takes years of experience to recognise the market position as u can do unlike mahy others. Vinay you may also not how how your great levels have fantastically tied with some other systems........ |
Honestly I don't know about that. I just post what I "see"! 
I would love to know those levels and related systems so that I too can relate somehow. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #218 Posted: Thu Jun 26, 2014 12:00 pm Post subject: |
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| vinay28 wrote: | | amitagg wrote: | | while your above words have sound simplistic/ routine, it takes years of experience to recognise the market position as u can do unlike mahy others. Vinay you may also not how how your great levels have fantastically tied with some other systems........ |
Honestly I don't know about that. I just post what I "see"!
I would love to know those levels and related systems so that I too can relate somehow. |
.....best think is price reading.....and trading the same...and going contr as sometimes u do away from the crowd....and managing risk....and reading the line..... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #219 Posted: Thu Jun 26, 2014 12:25 pm Post subject: |
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| amitagg wrote: | | vinay28 wrote: | | amitagg wrote: | | while your above words have sound simplistic/ routine, it takes years of experience to recognise the market position as u can do unlike mahy others. Vinay you may also not how how your great levels have fantastically tied with some other systems........ |
Honestly I don't know about that. I just post what I "see"!
I would love to know those levels and related systems so that I too can relate somehow. |
.....best think is price reading.....and trading the same...and going contr as sometimes u do away from the crowd....and managing risk....and reading the line..... |
ok thanks. but then why do I mostly make a loss?
may be because I don't follow my own numbers and instincts. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #220 Posted: Thu Jun 26, 2014 1:51 pm Post subject: |
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Strange the levels for June and July have difference of only 7 rs
July in short also.... For July your friend is considering 7530 spot as trigger for up or down.... There is no filter and hence not sure .....
| riteshucha wrote: | keep these levels in mind....
NIFTY july contract
Buy At 7649.21. Target = 7702.76
Sell At 7563.44. Target = 7510.49
NIFTY june
Buy At 7608.02. Target = 7661.27
Sell At 7556.68. Target = 7503.79
june BNF
Buy At 15400.21. Target = 15508.01
Sell At 15173.79. Target = 15067.57
July BNF
Buy At 15527.38. Target = 15636.07
Sell At 15337.17. Target = 15229.81 |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #221 Posted: Thu Jun 26, 2014 2:33 pm Post subject: |
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these levels can be looked at over the next 2 days... may be due to expiry it may be a little volatile...
but i have been seeing his levels since last expiry and 8 out of 10 calls have gone on to hit targets...
apparently the buy / sell tgt are also reversal points, is what i have obsereved...
may be once i m more comfortable following, then i can ask him how he derives it...
i ll keep posting, the levels as and when i get, lets track for a few more days... however i would still suggest to follow JT's numerous excel sheet to the T... there are none better, trust me....
| amitagg wrote: | Strange the levels for June and July have difference of only 7 rs
July in short also.... For July your friend is considering 7530 spot as trigger for up or down.... There is no filter and hence not sure .....
| riteshucha wrote: | keep these levels in mind....
NIFTY july contract
Buy At 7649.21. Target = 7702.76
Sell At 7563.44. Target = 7510.49
NIFTY june
Buy At 7608.02. Target = 7661.27
Sell At 7556.68. Target = 7503.79
june BNF
Buy At 15400.21. Target = 15508.01
Sell At 15173.79. Target = 15067.57
July BNF
Buy At 15527.38. Target = 15636.07
Sell At 15337.17. Target = 15229.81 |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #222 Posted: Thu Jun 26, 2014 2:58 pm Post subject: |
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tgt almost done amit...
what i do is to sell / buy as close to the buy / sell figures... once it breaks the buy / sell levels, reverse position accordingly....
yest i sold at 15315 today bought at 15171.. closed all as it was testing my patience...
basically u either hold till it hits tgt or SL ( in such cases i keep 0.5% from entry )
| riteshucha wrote: | BANK NIFTY
Buy At 15367.08. Target = 15474.65.
Sell At 15239.47. Target = 15132.80. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #223 Posted: Thu Jun 26, 2014 3:07 pm Post subject: |
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all but NIFTY JULY tgt achieved.... 
if not today then wait till tomm...
| riteshucha wrote: | keep these levels in mind....
NIFTY july contract
Buy At 7649.21. Target = 7702.76
Sell At 7563.44. Target = 7510.49
NIFTY june
Buy At 7608.02. Target = 7661.27
Sell At 7556.68. Target = 7503.79
june BNF
Buy At 15400.21. Target = 15508.01
Sell At 15173.79. Target = 15067.57
July BNF
Buy At 15527.38. Target = 15636.07
Sell At 15337.17. Target = 15229.81 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #224 Posted: Thu Jun 26, 2014 3:08 pm Post subject: |
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great ......keep posting....with i) previous day & ii) week OHLC figures....i would derive the method no problem......u get that in evening or morning....
market closing below 7500 bearish....JT support level....confirmation to come only below 7440....otherwise.....some rallies would squeeze the shorts since bulls shall be scared now....... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #225 Posted: Thu Jun 26, 2014 3:09 pm Post subject: |
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| amitagg wrote: | great ......keep posting....with i) previous day & ii) week OHLC figures....i would derive the method no problem......u get that in evening or morning....
market closing below 7500 bearish....JT support level....confirmation to come only below 7440....otherwise.....some rallies would squeeze the shorts since bulls shall be scared now....... |
if u can post regularly, pls open a separate thread...it shall be easier to follow and understand...... |
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