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READING THE LINE [DAY TRADERS MIND] - FUTURES ONLY |
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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Post: #331  Posted: Wed Nov 20, 2013 2:59 pm Post subject: |
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| rk_a2003 wrote: | | One can buy IFCI for a target around 27.40 if not today then by expiry. Tight Stop loss 25.65, other wise 25.35.Try to buy in dips. |
Exit IFCI |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #332 Posted: Wed Nov 20, 2013 3:02 pm Post subject: |
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sold rcap at 373 and tata steel at 389
timely exit was dlf see.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #333 Posted: Wed Nov 20, 2013 3:07 pm Post subject: |
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booked TS with Rs 2 profit...to even out for the day...rcap holding..
stop 378..target 355
6130 is support... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #334 Posted: Wed Nov 20, 2013 3:16 pm Post subject: |
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day notes:
was challenging day..
cipla - went against trend and day pattern..was wrong thinking
dlf...trade the pattern...when market started falling exited...entered again after some time and reaped rich rewards
union bank - reversal trade wron
sun tv - no result...minor loss - again was not a good selection
tatat steel - good entry and exit
r cap - first to short when market reverses - good profits already
overall balanced day.....2 SAR trades....traded spike and channel which generated profits...rest were not required at the end....
good thing was followed intuition...exited timely....covered initial losses thru subsequent trades....enjoyed and satisfied....would try to limit quantity on other trades and be heavier on spike and channel |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #335 Posted: Wed Nov 20, 2013 3:23 pm Post subject: |
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| amitagg wrote: | Market prediction:
I would look to sell Nifty on rise till 6200.....and over the next month expect it to touch 5925-5800-5700
4th at 6042 was broken at 5987 and likely to test 4th of smaller degree...ie 5700......since 5800-5850 is stong support and 200dma also at 5875-5900....looking to test of that over the next few weeks....
Then market shall rise to 6700-7000 over the next year.....
my views wont change depending on policy action etc....
lets see |
written on 18th |
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ca.krishna
White Belt
Joined: 17 Sep 2013
Posts: 158
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| Post: #336 Posted: Wed Nov 20, 2013 3:27 pm Post subject: |
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amit...gud to see your trades...I have become ur fan & follower..can you please provide the next movements you see in NS......my professional obligation doesn't allow me trade like you (daily)...that;s why I am requesting for levels....I know that you follow the trend and don't predict levels...even though I am asking because I seen you post for shorting 5800 CE.....and buying puts and now it is coming true.
Thanks..
| amitagg wrote: | day notes:
was challenging day..
cipla - went against trend and day pattern..was wrong thinking
dlf...trade the pattern...when market started falling exited...entered again after some time and reaped rich rewards
union bank - reversal trade wron
sun tv - no result...minor loss - again was not a good selection
tatat steel - good entry and exit
r cap - first to short when market reverses - good profits already
overall balanced day.....2 SAR trades....traded spike and channel which generated profits...rest were not required at the end....
good thing was followed intuition...exited timely....covered initial losses thru subsequent trades....enjoyed and satisfied....would try to limit quantity on other trades and be heavier on spike and channel |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #337 Posted: Wed Nov 20, 2013 3:28 pm Post subject: |
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rcap also booked at 365...sold at 373  ...carrying minor profits compared to volumes....amidst day when "mind" is not in control.....
no stock positions now |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #338 Posted: Wed Nov 20, 2013 3:35 pm Post subject: |
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| Krishna, unfortunately....i cannot often predict Nifty levels...but i am very very much confortable with stock levels.....overall wave count for nifty is down....with likely 6040 to be touched.....only think is there can be a lower top again..... |
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reachchirag
White Belt
Joined: 28 Nov 2012
Posts: 102
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| Post: #339 Posted: Wed Nov 20, 2013 6:59 pm Post subject: |
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Sigh.... When you said DLF was the last trade for the day, I stopped checking out your updates... and now I find there were opportunities in RCAP & Tata Steel... my tough luck, I guess... 
Do you have any levels to watch out for on Arvind Mills? It has risen a lot over the past few days... Any update would be appreciated.
THanks!!! |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #340 Posted: Wed Nov 20, 2013 7:07 pm Post subject: |
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Hi dlf was 2 sar trade ..after long cipla / sun tv and short union failed...so since that was success heavy ..I continued...so we must always stop with 2 sar trade also loss which was not today...
Also u see I said day before tata steel was not sell at 383 and would rise to 390 ..so I shorted at 389 today and covered early...
Rcap again worked..arvind shall check and revert |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #341 Posted: Wed Nov 20, 2013 10:14 pm Post subject: |
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Hi...u mentioned Arvind....great...i shall SELL tomorrow itself morning.. two lots.... may be Dec
EW = 65+40*1.618=130 [abc] reached today....one extreme calc is 145.....shall sell though since risen a lot and todays day pattern as for others not great.......alternate count = 110+40 = 150
better to seel extreme rise stocks at tops rather than on support breaks since they test highs even after slipping....... |
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reachchirag
White Belt
Joined: 28 Nov 2012
Posts: 102
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| Post: #342 Posted: Wed Nov 20, 2013 10:55 pm Post subject: |
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| Thank u. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #343 Posted: Thu Nov 21, 2013 10:03 am Post subject: |
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| solf arvind lots @ 127 target 123-124 8 118-119...stop 132.5 |
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udaysahai
White Belt
Joined: 01 Feb 2011
Posts: 105
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| Post: #344 Posted: Thu Nov 21, 2013 11:11 am Post subject: |
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Amitji, your views on Relcap with tgt and sl for today, till expiry.
Thanks and best regards. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #345 Posted: Thu Nov 21, 2013 11:19 am Post subject: |
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| support 350-353....stop 368....can sell even now since market shall be down entire day today...but i am still not selling...just so many ideas views etc which to sell |
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