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READING THE LINE [DAY TRADERS MIND] - FUTURES ONLY |
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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Post: #151  Posted: Mon Sep 23, 2013 11:28 am Post subject: |
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| go for long till 185-186 rather |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #152 Posted: Mon Sep 23, 2013 11:35 am Post subject: |
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| bought titan at 238....intra-day target 242...stop 233..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #153 Posted: Mon Sep 23, 2013 11:39 am Post subject: |
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| reason : spike and channel.....up in down...minor breakout in intra day charts.....1.27*6+234=242 [heard this pattern has 90% probability heard on one trading webinar ..lets see..ideal trade entry would have been 2 points lower] |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #154 Posted: Mon Sep 23, 2013 12:00 pm Post subject: |
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| amitagg wrote: | | go for long till 185-186 rather |
ya, one possibility is target 192, SL 176. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #155 Posted: Mon Sep 23, 2013 1:02 pm Post subject: |
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| yes, the pattern was successful.....it just hit 241.5 in down market..i was testing the pattern target and booked out...confirm what John Carter said in Options webinar...1.27 target met |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #156 Posted: Mon Sep 23, 2013 1:09 pm Post subject: |
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As per JT system... check yourselves first
BUY
crossing 5936 TG1 Tge2 tg3
buy around 5924 5949 5961 5974
stop loss 5910 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #157 Posted: Mon Sep 23, 2013 3:07 pm Post subject: |
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buy not triggered NS....
Rel Cap is crucial juncture [349]......brothers Rel Infr and Rcom strong....
Buy above 355 [long stop loss bid ] for 361 and 368...
it appears R Cap shall break on upside after consolidation like Rel Infra.....
but can wait till expiry.....thats why "long stop loss bid can be placed at 355"
but nifty can go down to 5800-5750 realistically before rallying to above 6000. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #158 Posted: Mon Sep 23, 2013 3:14 pm Post subject: |
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| Anil, as mentioned below, Sesa Goa has hit 185... |
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anilraj
White Belt
Joined: 30 Aug 2013
Posts: 24
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| Post: #159 Posted: Mon Sep 23, 2013 5:44 pm Post subject: |
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| amitagg wrote: | | Anil, as mentioned below, Sesa Goa has hit 185... |
Yes, Please. I thank you and Vinay for correct advice. But today I have done foolish things. I have bought Sesa 180 put at 6.00. this was because news I read somewhere that Sesa will not get relief in its court case. today intraday chart also not good for sell but when it is option one gets trapped. When one find taking position in stock future risky than one is trapped in option. when one trades than the discipline to build position slowly is also lacking in me. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #160 Posted: Mon Sep 23, 2013 7:08 pm Post subject: |
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in fact, BUY SESA GOA tomorrow....same pattern...target 187.25 and 189....current price 183.5...so 4/6 Rs....stop 179.5
see the consolidation wedge after uptrend in daily chart....it should break on upside pattern logic demands.....
open interest increased 7-8% today....a definite but with more reasonable stop at 175.... |
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anilraj
White Belt
Joined: 30 Aug 2013
Posts: 24
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| Post: #161 Posted: Mon Sep 23, 2013 7:18 pm Post subject: |
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| ET now is showing interview of Sesa Chairman Anil Agrawal. He has spoken about future possible merger of Sesa with Hindustan Zinc and Cairn. there may be some reaction tomorrow. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #162 Posted: Mon Sep 23, 2013 7:29 pm Post subject: |
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| anilraj wrote: | | ET now is showing interview of Sesa Chairman Anil Agrawal. He has spoken about future possible merger of Sesa with Hindustan Zinc and Cairn. there may be some reaction tomorrow. |
if you listen to him, you will shortsell all his stocks all your/his life!  |
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anilraj
White Belt
Joined: 30 Aug 2013
Posts: 24
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| Post: #163 Posted: Mon Sep 23, 2013 7:35 pm Post subject: |
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if you listen to him, you will shortsell all his stocks all your/his life! [/quote]
I am holding put. I wish only one or two days of shortsell so to get out. however daily chart there appears resistance at 190. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #164 Posted: Tue Sep 24, 2013 11:08 am Post subject: |
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| sold HCL Tech - at 1088 stop 1109 small intra day target 1068....daily chart break of sideways move down |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #165 Posted: Tue Sep 24, 2013 11:22 am Post subject: |
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| bought reliance cap 350.5....stop 348.5 target 354.80 / 358 |
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