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Nifty View- May 2013 |
apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #61 Posted: Fri May 03, 2013 6:16 pm Post subject: |
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daily and weekly candle is? |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #62 Posted: Fri May 03, 2013 6:26 pm Post subject: |
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apka wrote: | daily and weekly candle is? |
As much as I see weekly chart is positive, a fair 50 point fall and then we will see further upmove. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #63 Posted: Fri May 03, 2013 6:28 pm Post subject: |
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apka wrote: | daily and weekly candle is? |
Daily is an "inside bar" while weekly is an "advance block platter", sign of a temporary exhaustion when one should exit or protect one's longs. |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #64 Posted: Fri May 03, 2013 6:30 pm Post subject: |
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vinay28 wrote: | apka wrote: | daily and weekly candle is? |
Daily is an "inside bar" while weekly is an "advance block platter", sign of a temporary exhaustion when one should exit or protect one's longs. |
Vinay is there any chance of a breakdown from here like in Apr? |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #65 Posted: Fri May 03, 2013 6:34 pm Post subject: |
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taxmann50 wrote: | vinay28 wrote: | apka wrote: | daily and weekly candle is? |
Daily is an "inside bar" while weekly is an "advance block platter", sign of a temporary exhaustion when one should exit or protect one's longs. |
Vinay is there any chance of a breakdown from here like in Apr? |
as of now I doubt it and feel it may consolidate for next 2-3 days before next upmove unless it closes below 5850. I feel it may not go below 5870. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #66 Posted: Fri May 03, 2013 6:56 pm Post subject: |
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thanks vinay, after 2 years into technical im still learning new candle names. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #67 Posted: Fri May 03, 2013 7:17 pm Post subject: |
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S&P > 1600 for the first time. Dow near 15000. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #68 Posted: Fri May 03, 2013 7:47 pm Post subject: |
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vinay28 wrote: | S&P > 1600 for the first time. Dow near 15000. |
yep and sgx near 6k. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #69 Posted: Fri May 03, 2013 8:13 pm Post subject: |
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as per sgx, the advance block will get blocked out on monday itself and so will i from any chance for 5800pe |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #70 Posted: Fri May 03, 2013 8:34 pm Post subject: |
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apka wrote: | as per sgx, the advance block will get blocked out on monday itself and so will i from any chance for 5800pe |
If qty is low, carry till end may and hope for a fall or loose all |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #71 Posted: Sat May 04, 2013 12:12 pm Post subject: |
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Apka, since you are short, you can hope that yesterday's candle is a imperfect bearish Harami. As usual, it needs confirmation by Monday's candle. Bearish Harami on the day of a very important event and negative divergence in Hour charts are good indicators of market starting retracement of rise from 5477 to 6019. But confirmation of such retracement having begun will come only below 5911 (the low of 2nd Ma3) and 5867 from where the last leg of rally began. In other words, as posted earlier, cover your shorts if it goes upto 5915, which I feel is possible in spite of global rally on Friday night OR hedge your shorts.
I have hedged my 6000ce by half the qty of 5900pe. |
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masa White Belt
Joined: 06 Jan 2007 Posts: 162
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Post: #72 Posted: Sat May 04, 2013 12:35 pm Post subject: |
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Nifty Update
Last edited by masa on Sat May 04, 2013 12:49 pm; edited 1 time in total |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #73 Posted: Sat May 04, 2013 12:40 pm Post subject: |
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vinay28 wrote: | Apka, since you are short, you can hope that yesterday's candle is a imperfect bearish Harami. As usual, it needs confirmation by Monday's candle. Bearish Harami on the day of a very important event and negative divergence in Hour charts are good indicators of market starting retracement of rise from 5477 to 6019. But confirmation of such retracement having begun will come only below 5911 (the low of 2nd Ma3) and 5867 from where the last leg of rally began. In other words, as posted earlier, cover your shorts if it goes upto 5915, which I feel is possible in spite of global rally on Friday night OR hedge your shorts.
I have hedged my 6000ce by half the qty of 5900pe. |
ok thanks vinay. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #74 Posted: Sun May 05, 2013 11:35 pm Post subject: |
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cobra post expose press conference @ 9.30 tomm mrng 6-may-2013 |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #75 Posted: Mon May 06, 2013 9:32 am Post subject: |
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nifty opened in line with weekly candle pattern and daily candle who would have thought |
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