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READING THE LINE [DAY TRADERS MIND] - FUTURES ONLY |
amitagg
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Joined: 01 Oct 2013
Posts: 4559
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Post: #16  Posted: Mon Aug 19, 2013 9:39 am Post subject: |
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| sold idea at 173 and short more if it rises to 176-177 |
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amitagg
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Joined: 01 Oct 2013
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| Post: #17 Posted: Mon Aug 19, 2013 9:51 am Post subject: |
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| adding short at 171.5 - doubling up..square up at 167 levels |
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amitagg
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| Post: #18 Posted: Mon Aug 19, 2013 10:20 am Post subject: |
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sqared at 170.2 for some small profit - shall not post all trades [since it is not exactly useful]  |
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amitagg
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| Post: #19 Posted: Mon Aug 19, 2013 6:58 pm Post subject: |
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| Idea fell to 163 today...needed to "sit tight" for large profits [anyways market supprting downmove...no postions anyways...not sure of what others believe and hence shall wait for 170-171 to again sell. Bharti and Rcom also correcting....sideways move in idea anticiapting so can sell at 10-1773 and buy at 164-165 2-3 times next |
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amitagg
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Posts: 4559
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| Post: #20 Posted: Tue Aug 20, 2013 2:59 pm Post subject: |
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sold 2 lots idea at 166 - could not sell in morning at 170
sold 2 lots Rcom at 119 levels
SOLD HCL TECH NOW at 898 LEVELS IN REASONABLE QUANTITY...shall explain later..
all above are SEP FUTURES |
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #21 Posted: Tue Aug 20, 2013 3:01 pm Post subject: |
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| rk_a2003 wrote: | Here is my take on Wipro. It made a lower high on hourly chart and yet to make a lower low. The latest two bearish candles registered higher volumes which can be interpreted as unloading in this context(It can as well be interpreted as emergence of buyers at lower price near support).
From a short term perspective we may expect that RBI measures may work and hope for Rupee strengthening at least on short term basis, in that case Wipro may go down further. Targets.. 450 and 440. The 3 horizontal lines on upper part are resistances and two lines lower are supports.
IT pack is moving up on the weakness of the rupee whereas fundamentals are changing fast against them. I feel the honeymoon ends for IT sector once rupee strengthens and the daunting negative fundamentals comes to forefront which can lead the southward journey for them. In that case Wipro is the weakest link in IT chain (This last Para is of no use for short term trading). |
Wipro reached near the second target 440.It hasn't breached even the first resistance.
It happened even after US $ registerd record highs around 64.Market must be aware of hedging done by IT companies,which leave them no advantage in short term with rupee depreciation.
What next Amit? Your call. |
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amitagg
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Joined: 01 Oct 2013
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| Post: #22 Posted: Tue Aug 20, 2013 3:19 pm Post subject: |
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i am taking a punt and have just shorted at 448 average levels ...sopt loss 465 ONLY ... point is again after 457 is shall be risky to trade on downside.... waiting for 436-438 levels
thats way i told you, in beginning, advisable to short at higher levels...now when there is break BASED ON TECHNICALS, can still fall but i often feel uncomfortable....but technicians would tell me now is the time to sell? |
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amitagg
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Posts: 4559
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| Post: #23 Posted: Tue Aug 20, 2013 3:28 pm Post subject: |
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| NIFTY IS SELL ONLY BELOW 5358 SPOT LEVELS...Held the support today on retracement....above 5425 it is a buy.....so any sell use only SEP FUTURES |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #24 Posted: Wed Aug 21, 2013 9:43 am Post subject: |
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both HCL tech and Wipro quared at cost price.....the undercurrent is SELL thays hy they could not rise....holding RCom and Idea....Rcom added short at 123
WATCh HCL TECH FOR SHORTING DURING THE DAY |
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amitagg
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Joined: 01 Oct 2013
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| Post: #25 Posted: Wed Aug 21, 2013 10:37 am Post subject: |
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booked 2 rs profit in idea at 164 - position closed
booked todays 3 rs profit in rcom - 2 lots pending at 119
sold HCL tech at 914 [sep futures] small quantity- bid selling at 920 also |
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voyager
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Joined: 05 Sep 2011
Posts: 63
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| Post: #26 Posted: Wed Aug 21, 2013 10:51 am Post subject: |
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| super technical understanding in Idea Future , Sir |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #27 Posted: Wed Aug 21, 2013 11:47 am Post subject: |
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hcl tech profit booked at 898 from 914
rcom sell order placed at 125.5
ALL our scrips went to yesterdays sale price despite nifty moving 100 points up....
hcl tech may still be start of the a sell...but i am unable to captur big move.
we took right decision in morning to exit yesterdays sale and sold today at higher level - hcl tech.... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #28 Posted: Wed Aug 21, 2013 1:32 pm Post subject: |
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| booked 1-1.5 rs profit in rcom...all positions closed. |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #29 Posted: Wed Aug 21, 2013 3:26 pm Post subject: |
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| tech stocks not falling...not having a sell view anymore |
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #30 Posted: Wed Aug 21, 2013 3:38 pm Post subject: |
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| amitagg wrote: | | tech stocks not falling...not having a sell view anymore |
Yes,Due to strong $. |
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