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Nifty View - March Series 2014 |
vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #286 Posted: Tue Mar 25, 2014 11:21 am Post subject: |
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apka wrote: | all thanks to my kidney | amen! |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #287 Posted: Tue Mar 25, 2014 1:29 pm Post subject: |
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Hi Vinay,
Whats the stop for the 6600PE if I buy it now?
Regards,
SP |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #288 Posted: Tue Mar 25, 2014 1:45 pm Post subject: |
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SP50 wrote: | Hi Vinay,
Whats the stop for the 6600PE if I buy it now?
Regards,
SP |
tight SL 6620NS, otherwise 6630 or 6650. Best to buy pe around 6615NS if it goes there, which is possible. But this is only till expiry ....... as of now. |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #289 Posted: Tue Mar 25, 2014 2:18 pm Post subject: |
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vinay28 wrote: | SP50 wrote: | Hi Vinay,
Whats the stop for the 6600PE if I buy it now?
Regards,
SP |
tight SL 6620NS, otherwise 6630 or 6650. Best to buy pe around 6615NS if it goes there, which is possible. But this is only till expiry ....... as of now. |
Thats alright, good |
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riteshucha Green Belt
Joined: 19 May 2012 Posts: 1292
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Post: #290 Posted: Tue Mar 25, 2014 3:17 pm Post subject: |
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ar u still holding it or have closed it apka? |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #291 Posted: Tue Mar 25, 2014 3:26 pm Post subject: |
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riteshucha wrote: | ar u still holding it or have closed it apka? |
holding it ritesh.
Vinay, heard about the china bank insolvency rumour? chinese people withdrewing money from ATMs |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #292 Posted: Tue Mar 25, 2014 3:45 pm Post subject: |
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Need to watch whether it is a break out. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #293 Posted: Tue Mar 25, 2014 3:50 pm Post subject: |
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apka wrote: | riteshucha wrote: | ar u still holding it or have closed it apka? |
holding it ritesh.
Vinay, heard about the china bank insolvency rumour? chinese people withdrewing money from ATMs |
former is rumour apka though latter was true. It is a bank from a economically poor state.
by the way, now that Russia has been thrown out of G8, India will benefit in many ways. |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #294 Posted: Tue Mar 25, 2014 4:01 pm Post subject: |
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vinay28 wrote: | Need to watch whether it is a break out. |
it may be a valid breakout ....but question is "target"....
.....target can be 5th wave till 6625 / channel target up of 70 points to 6660...[u can see from 6433 the 5 wave formation]....or much more????.....so it can be end 50-75 points from here on also....a possibility..... |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #295 Posted: Tue Mar 25, 2014 4:16 pm Post subject: |
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vinay28 wrote: | Need to watch whether it is a break out. |
is there a valid -ww I see?
connecting tops of 11 march, 15 march to today and trgt cpming near to 6430? |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #296 Posted: Tue Mar 25, 2014 4:19 pm Post subject: |
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amitagg wrote: | vinay28 wrote: | Need to watch whether it is a break out. |
it may be a valid breakout ....but question is "target"....
.....target can be 5th wave till 6625 / channel target up of 70 points to 6660...[u can see from 6433 the 5 wave formation]....or much more????.....so it can be end 50-75 points from here on also....a possibility..... |
amit, pattern break out/down targets can not decided by EW or any other method though they can give guidance. So many patterns such as (BO of)AT, channel, diamond, half mast, flags, etc. give targets varying from 50 to 100% of about 60 to 450 above about 6560. So best to watch and take them step by step. I am only concerned about a false BO since otherwise a -ww can give 6350 if nifty remains below 6620. |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #297 Posted: Tue Mar 25, 2014 6:05 pm Post subject: |
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vinay28 wrote: | amitagg wrote: | vinay28 wrote: | Need to watch whether it is a break out. |
it may be a valid breakout ....but question is "target"....
.....target can be 5th wave till 6625 / channel target up of 70 points to 6660...[u can see from 6433 the 5 wave formation]....or much more????.....so it can be end 50-75 points from here on also....a possibility..... |
amit, pattern break out/down targets can not decided by EW or any other method though they can give guidance. So many patterns such as (BO of)AT, channel, diamond, half mast, flags, etc. give targets varying from 50 to 100% of about 60 to 450 above about 6560. So best to watch and take them step by step. I am only concerned about a false BO since otherwise a -ww can give 6350 if nifty remains below 6620. |
Ok...have some longs in profit in yes bank, tata global, ib real and idfc...shall exit timely...I am also taking one step at a time.... |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #298 Posted: Tue Mar 25, 2014 7:23 pm Post subject: |
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apka wrote: | riteshucha wrote: | ar u still holding it or have closed it apka? |
holding it ritesh. |
Sgx Nifty Future 6639.00 +28.00 +0.42%
And INR showing appreciation to 60.36
trashed by FIIs |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #299 Posted: Tue Mar 25, 2014 7:55 pm Post subject: |
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Nifty Monthly chart |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #300 Posted: Wed Mar 26, 2014 10:03 am Post subject: |
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vinay28 wrote: | updated chart. looks like back to square one after a false break out? |
channel break out target met. |
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