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Nifty View - September Series 2013 |
apka
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Joined: 13 Dec 2011
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Post: #46  Posted: Mon Sep 02, 2013 9:46 am Post subject: |
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| saumya12 wrote: | | rk_a2003 wrote: | | vinay28 wrote: | | 2 consecutive hammers of this kind have never occured on weekly before. |
Yes,it's technically a bullish indication.Also indicating how fundamentals are affecting.However, It's going to be a tough battle.
Not going to be an easy ride either way.
One should keep in mind fundamentals are fast eroding for Indian markets. |
Will NIFTY breaks this TL for the second time.
I do not think so.
As rightly said in the post, fundamentals are not supporting, they are fast eroding. |
As of first 30 mins the red line is holding as the bottom.
Advances - 36
Declines - 14 |
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apka
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Joined: 13 Dec 2011
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| Post: #47 Posted: Mon Sep 02, 2013 9:58 am Post subject: |
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| vinay28 wrote: | | we may see wild swings today |
hmm, let's see. only CNX Auto is slightly in red, rest all indices are green and no on-screen selling pressure. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #48 Posted: Mon Sep 02, 2013 10:19 am Post subject: |
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| apka wrote: | | vinay28 wrote: | | we may see wild swings today |
hmm, let's see. only CNX Auto is slightly in red, rest all indices are green and no on-screen selling pressure. |
we could see 5460/5410 |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #49 Posted: Mon Sep 02, 2013 11:44 am Post subject: |
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An aside topic. I filed a complaint with SEBI about our lords and masters yane NSE. That they charge STT on ITM options at expiry on full market value and not just on |strike - CMP at expiry| or |CMP at expiry-strike|
After sleeping for TWO MONTHS, they woke and sent me 2 emails and 3 sms asking for clarification!
[Is this your personal experience or you are just complaining?]
They are very vigorous in chasing Sahara for real and imaginary ills but where fellow Govt agency is concerned!
Cheers, Prakash Holla |
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apka
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Posts: 6137
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| Post: #50 Posted: Mon Sep 02, 2013 12:14 pm Post subject: |
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| pkholla wrote: | Apka: Nifty Spot: Robert C Miner calc by internal retracement method
1st down: 5754.55 to 5254.05
1st up : 5254.05 to 5528.7
2nd down: 5528.7 to 5118 .85
2nd up: 5118.85 to ???
Internal retr =========Alternate price proj
.786 = 5647.4 ===== 1.618 = 5563.2
.618 = 5563.4 ===== 1.000 = 5393.5
.500 = 5504.3 ===== 0.618 = 5288.6
.382 = 5445.2
Note: 0.786 level is sq root of 0.618
Kya baat hai? looks like [b]5563 may be immediate NS target[/b]
If crosses that, NS may be headed for 5647.4 |
5547. |
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vinay28
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| Post: #51 Posted: Mon Sep 02, 2013 12:21 pm Post subject: |
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that's the level I mentioned on Friday. high so far 5546.80. |
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pkholla
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Posts: 2890
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| Post: #52 Posted: Mon Sep 02, 2013 12:45 pm Post subject: |
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| pkholla wrote: | An aside topic. I filed a complaint with SEBI about our lords and masters yane NSE. That they charge STT on ITM options at expiry on full market value and not just on |strike - CMP at expiry| or |CMP at expiry-strike|
After sleeping for TWO MONTHS, they woke and sent me 2 emails and 3 sms asking for clarification!
[Is this your personal experience or you are just complaining?]
They are very vigorous in chasing Sahara for real and imaginary ills but where fellow Govt agency is concerned!
Cheers, Prakash Holla |
WHITEWASH. COMPLAINT OF MINE TO SEBI HAS BEEN DISPOSED OFF BY NSE. WHAT ACTION TAKEN NOT MENTIONED. JAI HIND
Prakash Holla |
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pkholla
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Posts: 2890
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| Post: #53 Posted: Mon Sep 02, 2013 12:49 pm Post subject: |
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| apka wrote: | | pkholla wrote: | Nifty Spot: Robert C Miner calc by internal retracement method
.786 = 5647.4
.618 = 5563.4
looks like 5563 may be immediate NS target If crosses that, NS may be headed for 5647.4 |
5547. |
Next NS 5647? Aage chalo, Jai Hind. All credit to Robert C Miner who has been using this method to make some serious money for 20+ years. I am just the postman |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #54 Posted: Mon Sep 02, 2013 12:49 pm Post subject: |
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how is anybody treading....5563 hit of PK holla
should we sell ? |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #55 Posted: Mon Sep 02, 2013 12:51 pm Post subject: |
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| pkholla wrote: | | apka wrote: | | pkholla wrote: | Nifty Spot: Robert C Miner calc by internal retracement method
.786 = 5647.4
.618 = 5563.4
looks like 5563 may be immediate NS target If crosses that, NS may be headed for 5647.4 |
5547. |
Next NS 5647? Aage chalo, Jai Hind. All credit to Robert C Miner who has been using this method to make some serious money for 20+ years. I am just the postman |
PK ur level reached 5563-4.
taken the chance of shorting here. |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #56 Posted: Mon Sep 02, 2013 1:00 pm Post subject: |
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| Apka, i have done likewise, what should be the SL and should we add sell till 5680? |
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pkholla
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| Post: #57 Posted: Mon Sep 02, 2013 1:01 pm Post subject: |
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| apka wrote: | | PK ur level reached 5563-4. taken the chance of shorting here. |
Apka: Al Brooks advises caution while trading COUNTERTREND against a strong trend like y'day afternoon+ today. Since 1440 y'day, NF has been trading above EMA. It came to touch at 1044 today and again went up from 1200 with improved volumes. Better to trade with trend as chances of making money more this way UNLESS NF breaks trend line once and then decisively goes thru it downwards |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #58 Posted: Mon Sep 02, 2013 1:09 pm Post subject: |
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| perfect..closed the buy....shall wait for trendline break AND failure of retest of high AND 2 L2 [lower low bars] before selling [al brooks.] |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #59 Posted: Mon Sep 02, 2013 1:12 pm Post subject: |
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| opps...closed the "sell" |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #60 Posted: Mon Sep 02, 2013 1:17 pm Post subject: |
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| amitagg wrote: | | opps...closed the "sell" |
a bit too early |
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