| View previous topic :: View next topic |
| Author |
Nifty View - November Series 2013 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
Post: #136  Posted: Tue Nov 19, 2013 8:27 am Post subject: |
 |
|
| apka wrote: | thanks saumya.
what downside targets are derived from these patterns? and crossing of what level fails them? |
it is better to bet on at least another 250 point rise in Nov. |
|
| Back to top |
|
 |
|
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #137 Posted: Tue Nov 19, 2013 9:04 am Post subject: |
|
|
| vinay28 wrote: | | apka wrote: | thanks saumya.
what downside targets are derived from these patterns? and crossing of what level fails them? |
it is better to bet on at least another 250 point rise in Nov. |
for the moment I am also looking for upside, but saumya caught the pattern so still want to keep in watch for those levels.
nifty crosses all time high in pre-opening 6400+  |
|
| Back to top |
|
|
saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
|
| Post: #138 Posted: Tue Nov 19, 2013 9:44 am Post subject: |
|
|
| apka wrote: | | vinay28 wrote: | | apka wrote: | thanks saumya.
what downside targets are derived from these patterns? and crossing of what level fails them? |
it is better to bet on at least another 250 point rise in Nov. |
for the moment I am also looking for upside, but saumya caught the pattern so still want to keep in watch for those levels.
nifty crosses all time high in pre-opening 6400+ |
Hi
Sorry do not know the target calculation.
These patters are dynamic in nature and keep forming/continue to next HH candle untill there is a break, that is a few red candles.
It does not mean that we can not move higher because of these patterns. Moreover these patterns are on smaller tf, meant for small intraday period, unless fall continues.
Moreover, I have observed that these patterns indicate a resistance nearby |
|
| Back to top |
|
|
saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
|
| Post: #139 Posted: Tue Nov 19, 2013 11:48 am Post subject: |
|
|
| Hope to see 10-15 points down movement in next 20-30 mins |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #140 Posted: Tue Nov 19, 2013 12:17 pm Post subject: |
|
|
| something tells me we may see a big upmove. |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #141 Posted: Tue Nov 19, 2013 12:25 pm Post subject: |
|
|
| thanks since i follow you, booked 50% with 20 points profit ...and baalnce to cost....any reasoning why though? |
|
| Back to top |
|
|
sambhaji_t
White Belt
Joined: 31 Mar 2008
Posts: 135
|
| Post: #142 Posted: Tue Nov 19, 2013 12:28 pm Post subject: |
|
|
| vinay28 wrote: | | something tells me we may see a big upmove. |
I am with you. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #143 Posted: Tue Nov 19, 2013 12:35 pm Post subject: |
|
|
| amitagg wrote: | | thanks since i follow you, booked 50% with 20 points profit ...and baalnce to cost....any reasoning why though? |
is that for me or saumya, amit? |
|
| Back to top |
|
|
ca.krishna
White Belt
Joined: 17 Sep 2013
Posts: 158
|
| Post: #144 Posted: Tue Nov 19, 2013 12:37 pm Post subject: |
|
|
Vinay Sir...I am ur follower....request to please update when this move up is likely to come.
Thanks
| vinay28 wrote: | | something tells me we may see a big upmove. |
|
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #145 Posted: Tue Nov 19, 2013 12:39 pm Post subject: |
|
|
| ca.krishna wrote: | Vinay Sir...I am ur follower....request to please update when this move up is likely to come.
Thanks
| vinay28 wrote: | | something tells me we may see a big upmove. |
|
are u not watching terminal?  |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #146 Posted: Tue Nov 19, 2013 1:11 pm Post subject: |
|
|
| vinay28 wrote: | | amitagg wrote: | | thanks since i follow you, booked 50% with 20 points profit ...and baalnce to cost....any reasoning why though? |
is that for me or saumya, amit? |
u Vinay, i like your market basis [ since i have learned to take second view after my few months back shorting debacle!!!!] and take inputs from other chartists....hence i am doing much better now |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #147 Posted: Tue Nov 19, 2013 1:19 pm Post subject: |
|
|
| amitagg wrote: | | vinay28 wrote: | | amitagg wrote: | | thanks since i follow you, booked 50% with 20 points profit ...and baalnce to cost....any reasoning why though? |
is that for me or saumya, amit? |
u Vinay, i like your market basis [ since i have learned to take second view after my few months back shorting debacle!!!!] and take inputs from other chartists....hence i am doing much better now |
ok, so when you said you booked 50% with 20 points, you meant your short position? if so, did you go long also? |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #148 Posted: Tue Nov 19, 2013 1:34 pm Post subject: |
|
|
yes short of Dec future squared ...did not go long.... for me markets not up....but likely to fall before 6300...i shall short higher if it goes up...and sell certain stocks if some supports break....
[nov futures i has squared in morning and added to tata steel shorts which are also closed now in overall profit] |
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #149 Posted: Tue Nov 19, 2013 1:35 pm Post subject: |
|
|
| vinay28 wrote: | | amitagg wrote: | | vinay28 wrote: | | amitagg wrote: | | thanks since i follow you, booked 50% with 20 points profit ...and baalnce to cost....any reasoning why though? |
is that for me or saumya, amit? |
u Vinay, i like your market basis [ since i have learned to take second view after my few months back shorting debacle!!!!] and take inputs from other chartists....hence i am doing much better now |
ok, so when you said you booked 50% with 20 points, you meant your short position? if so, did you go long also? |
He is half mending with you why are you trying to push him for 100%.?  |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #150 Posted: Tue Nov 19, 2013 1:43 pm Post subject: |
|
|
| amitagg wrote: | yes short of Dec future squared ...did not go long.... for me markets not up....but likely to fall before 6300...i shall short higher if it goes up...and sell certain stocks if some supports break....
[nov futures i has squared in morning and added to tata steel shorts which are also closed now in overall profit] |
but if you had gone long you would have made at least 30, which is more than 20 in shorts! |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
