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Nifty View - March Series 2014 |
amitagg
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Post: #166  Posted: Wed Mar 12, 2014 3:06 pm Post subject: |
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| amitagg wrote: | | vinay28 wrote: | | I feel we should see about 6415-25, latest by tmrw. |
had exited my position [shall re-enter Idea and UPL and may be Tata Global at appropriate time] just a while back and then saw ur post.....feel the same...i mentioned trading futures as tricky few days before.... |
may be a breakout UP is coming tomorrow....be careful...6530-6540 spot closing or move above tomorrow shall be "reasonably bullish"... |
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vinay28
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| Post: #167 Posted: Wed Mar 12, 2014 8:12 pm Post subject: |
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vinay28
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| Post: #168 Posted: Thu Mar 13, 2014 11:00 am Post subject: |
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| I feel today's candle may be bearish engulfing or an inverted hammer. |
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amitagg
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| Post: #169 Posted: Thu Mar 13, 2014 11:03 am Post subject: |
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| vinay28 wrote: | | I feel today's candle may be bearish engulfing or an inverted hammer. |
while i could read the closing mins tomorrow and expected the upmove today which has happened......i would go with you....since
it may be sideways topping market with 6295 as top and 6487 as bottom.....to confuse players who may buy at top...it is only a possibility....
point is better to seel at 6580-6590 rather than 40-50 points down, with SL ???,
whats in your view is entry point to initiate shorts...now or some ticks down |
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amitagg
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| Post: #170 Posted: Thu Mar 13, 2014 11:04 am Post subject: |
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| amitagg wrote: | | vinay28 wrote: | | I feel today's candle may be bearish engulfing or an inverted hammer. |
while i could read the closing mins tomorrow and expected the upmove today which has happened......i would go with you....since
it may be sideways topping market with 6295 as top and 6487 as bottom.....to confuse players who may buy at top...it is only a possibility....
point is better to seel at 6580-6590 rather than 40-50 points down, with SL ???,
whats in your view is entry point to initiate shorts...now or some ticks down |
JT's and GAANs level coincide at 6538/6540.....but they are 40 points down ... |
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amitagg
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| Post: #171 Posted: Thu Mar 13, 2014 11:17 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | vinay28 wrote: | | I feel today's candle may be bearish engulfing or an inverted hammer. |
while i could read the closing mins tomorrow and expected the upmove today which has happened......i would go with you....since
it may be sideways topping market with 6295 as top and 6487 as bottom.....to confuse players who may buy at top...it is only a possibility....
point is better to seel at 6580-6590 rather than 40-50 points down, with SL ???,
whats in your view is entry point to initiate shorts...now or some ticks down |
JT's and GAANs level coincide at 6538/6540.....but they are 40 points down ... |
let me add that thats what is the beuaty of the markets.....on way up...we keep thinking of selling opportunities....and often fail to capture the trending move.......what prohibits it from breaking 6600 and touching 30 points up....then some move sideways and then few ticks falls and then again rising to 6700....we would miss the bus just as missed above the breakout point of 6415.....
divergences are not moving the prices down remember.....
and yes, only when one feels "safe" to go long...considering "higher high - higher low" pattern being repeated on daily charts somethwhat.....the market to crack...
so its important to follow "a particular trading style"....."a particular time duration"....and never change the duration of the trade once inititated if it goes against you.....  |
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vinay28
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| Post: #172 Posted: Thu Mar 13, 2014 11:20 am Post subject: |
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| I am short having sold all my longs in morning. SL 6575 intraday or daily close >6555 |
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amitagg
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| Post: #173 Posted: Thu Mar 13, 2014 11:25 am Post subject: |
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| vinay28 wrote: | | I am short having sold all my longs in morning. SL 6575 intraday or daily close >6555 |
Thanks ...i shall wait till a direction emerges....and possibly enter today afternoon....i dont expect an opening and day movement "tomorrow" different from the closing hour's direction of move today.....also seeing [not trading till last 2 hrs] at 6590-6555 NF levels.... |
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vinay28
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| Post: #174 Posted: Thu Mar 13, 2014 2:15 pm Post subject: |
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| now vix has to cross 17 |
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chandrujimrc
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| Post: #175 Posted: Thu Mar 13, 2014 2:29 pm Post subject: |
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Dear vinay,
Can you explain,how this consolidation game is possible unless there is an understanding in between the bulls and bears and who is doing?what is the roll of bulls and bears in consolidation phase?Ultimately they wanted to cheat retail traders. |
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vinay28
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| Post: #176 Posted: Thu Mar 13, 2014 2:46 pm Post subject: |
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| chandrujimrc wrote: | Dear vinay,
Can you explain,how this consolidation game is possible unless there is an understanding in between the bulls and bears and who is doing?what is the roll of bulls and bears in consolidation phase?Ultimately they wanted to cheat retail traders. |
chandru, we call it cheating retail but for them it is making money at our cost. It's not strictly a game but just a highly "professional" way of trading. Just see how it cracked now, even before vix touched 16.95. Merely by changing OI positions in a huge way. What happens to those who are long now? Slaughter, nothing else. |
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vinay28
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| Post: #177 Posted: Thu Mar 13, 2014 2:49 pm Post subject: |
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| 6500pe volume >12 lacs in 5 min, >25 lacs in 10 min. |
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chandrujimrc
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| Post: #178 Posted: Thu Mar 13, 2014 3:12 pm Post subject: |
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Dear vinay,
Ok I agree with you,but till this time where this bears gone,when they are able to bring down the mkt from day high to near day low but they dont want to break y"day low,why? |
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vinay28
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| Post: #179 Posted: Thu Mar 13, 2014 3:49 pm Post subject: |
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| chandrujimrc wrote: | Dear vinay,
Ok I agree with you,but till this time where this bears gone,when they are able to bring down the mkt from day high to near day low but they dont want to break y"day low,why? |
chandru, they are not bears. They are FIIs only. Tell me how many people were short in the morning? They have made their profit and now are selling temporarily along with falling INR. That's what I posted in RK's thread when INR breached 61. They will buy again after eating enough premium. As of now, I feel 6425 will be low. Otherwise support is only in the range 6350/6240. |
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rk_a2003
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Joined: 21 Jan 2010
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| Post: #180 Posted: Thu Mar 13, 2014 4:00 pm Post subject: |
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| vinay28 wrote: | | chandrujimrc wrote: | Dear vinay,
Can you explain,how this consolidation game is possible unless there is an understanding in between the bulls and bears and who is doing?what is the roll of bulls and bears in consolidation phase?Ultimately they wanted to cheat retail traders. |
chandru, we call it cheating retail but for them it is making money at our cost. It's not strictly a game but just a highly "professional" way of trading. Just see how it cracked now, even before vix touched 16.95. Merely by changing OI positions in a huge way. What happens to those who are long now? Slaughter, nothing else. |
Viany, It's too early to say 'SLAUGHTER'. Index may as well reverse tomorrow. It will be easier in case INFY ADR gains some lost ground tonight. |
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