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Nifty View - November Series 2013 |
amitagg
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Joined: 01 Oct 2013
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Post: #181  Posted: Fri Nov 22, 2013 11:41 am Post subject: |
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same below chart attached for gaps? - is is valid i am also not sure but wondering....whether this would be 'resistance' on upmove....6125-5160 [also 50% retracement ec.]....priot to that 6070-6080 is one further resistance
....market above 6050 shall lead to 6130 i guess [till gap area...that is my point]
- market below 6040-6050 shall lead to 5930
these 2 points i am working with |
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amitagg
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| Post: #182 Posted: Fri Nov 22, 2013 11:42 am Post subject: |
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| just incidentally Ritas and my posts crossed each other...she mentioned also 6050 level...!!!! |
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amitagg
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| Post: #183 Posted: Fri Nov 22, 2013 11:54 am Post subject: |
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| PK on pg 117-118 of your book, its mentioned that following bear channel and spike countertrend [that is UP entry to current downtrend] should not be taken until channel breaks.....as per apka's chart channel has not broken....also suggestion to trade with main trend...since a "down" channel formation after a "down move" is bearish in nature..... |
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pkholla
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Joined: 04 Nov 2010
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| Post: #184 Posted: Fri Nov 22, 2013 11:56 am Post subject: |
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| amitagg wrote: | | PK on pg 117-118 of your book, its mentioned that following bear channel and spike countertrend [that is UP entry to current downtrend] should not be taken until channel breaks.....as per apka's chart channel has not broken....also suggestion to trade with main trend...since a "down" channel formation after a "down move" is bearish in nature..... |
Thanks for clarifying, Prakash Holla |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #185 Posted: Fri Nov 22, 2013 12:32 pm Post subject: |
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30TF NF
should retreat from res near 6085-6090 if rises more. |
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apka
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Posts: 6137
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| Post: #186 Posted: Fri Nov 22, 2013 2:29 pm Post subject: |
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| apka wrote: | 30TF NF
should retreat from res near 6085-6090 if rises more. |
following up, NF on 30TF couldn't cross 20ema after touching 4 times. |
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amitagg
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Posts: 4559
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| Post: #187 Posted: Fri Nov 22, 2013 2:36 pm Post subject: |
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| pkholla wrote: | | amitagg wrote: | | PK on pg 117-118 of your book, its mentioned that following bear channel and spike countertrend [that is UP entry to current downtrend] should not be taken until channel breaks.....as per apka's chart channel has not broken....also suggestion to trade with main trend...since a "down" channel formation after a "down move" is bearish in nature..... |
Thanks for clarifying, Prakash Holla |
that was why....  |
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rrk2006hyd
Yellow Belt
Joined: 13 Oct 2010
Posts: 874
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| Post: #188 Posted: Sat Nov 23, 2013 12:42 pm Post subject: |
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| nifty touched two times..5972..on 13th and 22nd..nov..will nifty open above on monday again? |
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #189 Posted: Sat Nov 23, 2013 4:30 pm Post subject: |
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| rrk2006hyd wrote: | | nifty touched two times..5972..on 13th and 22nd..nov..will nifty open above on monday again? |
Yes, one can adapt buy above 6005 and sell below5972 NS on Monday with the vice versa SL.Also keep an eye on $-Rs movement which may help your trading decisions.If Rupee is weakening, Index also may go down. |
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apka
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Posts: 6137
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| Post: #190 Posted: Sat Nov 23, 2013 5:39 pm Post subject: |
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| rk_a2003 wrote: | | rrk2006hyd wrote: | | nifty touched two times..5972..on 13th and 22nd..nov..will nifty open above on monday again? |
Yes, one can adapt buy above 6005 and sell below5972 NS on Monday with the vice versa SL.Also keep an eye on $-Rs movement which may help your trading decisions.If Rupee is weakening, Index also may go down. |
and on 21st... 3 times |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #191 Posted: Sat Nov 23, 2013 6:50 pm Post subject: |
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| apka wrote: | | rk_a2003 wrote: | | rrk2006hyd wrote: | | nifty touched two times..5972..on 13th and 22nd..nov..will nifty open above on monday again? |
Yes, one can adapt buy above 6005 and sell below5972 NS on Monday with the vice versa SL.Also keep an eye on $-Rs movement which may help your trading decisions.If Rupee is weakening, Index also may go down. |
and on 21st... 3 times |
But NIFTY low on 21.11. was 5985
It made a perfect double bottom
NIFTY likely to zoom up
Let us see |
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ca.krishna
White Belt
Joined: 17 Sep 2013
Posts: 158
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| Post: #192 Posted: Sat Nov 23, 2013 6:53 pm Post subject: |
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Apka, can you please update the weekly chart as given on 8/9th November....please
Krishna Agarwal
| apka wrote: | | rk_a2003 wrote: | | rrk2006hyd wrote: | | nifty touched two times..5972..on 13th and 22nd..nov..will nifty open above on monday again? |
Yes, one can adapt buy above 6005 and sell below5972 NS on Monday with the vice versa SL.Also keep an eye on $-Rs movement which may help your trading decisions.If Rupee is weakening, Index also may go down. |
and on 21st... 3 times |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #193 Posted: Sat Nov 23, 2013 9:39 pm Post subject: |
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| NIFTY daily rising channel |
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NI3PAWAR
White Belt
Joined: 10 Mar 2011
Posts: 2
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| Post: #194 Posted: Sun Nov 24, 2013 10:02 am Post subject: |
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| saumya12 wrote: | | NIFTY daily rising channel |
if you draw this channel by considering previous low of 5985 then
this times low has already given you breakdown signal from the channel..........
As im new to the graphs......
maybe my theory is wrng
Last edited by NI3PAWAR on Sun Nov 24, 2013 10:14 am; edited 1 time in total |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #195 Posted: Sun Nov 24, 2013 4:44 pm Post subject: |
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Guys ...need not worry...price shall tell
For those who believe trendline broken, no harm selling below 5970 ..upon confirmation (30 points from current Nifty give to market!!!!)
For those believing not broken, but above 6220-6240, with stop of 6006-5980...
Simple trading.. |
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