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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: #346  Posted: Thu Nov 21, 2013 12:35 pm Post subject: |
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bookd some volume in Arvind for day's profit... 
now holding one lot only.... |
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amitagg
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Joined: 01 Oct 2013
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| Post: #347 Posted: Thu Nov 21, 2013 12:36 pm Post subject: |
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| has traded L&T and LISHFIN also...looks down....the day shall still give many opportunities...now just waiting... |
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amitagg
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| Post: #348 Posted: Thu Nov 21, 2013 2:32 pm Post subject: |
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| amitagg wrote: | | invested profits of Rs 10K by buying 200 Nifty Dec 6000 Put at 53.... |
booked @ 110 - doubled. |
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amitagg
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Joined: 01 Oct 2013
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| Post: #349 Posted: Thu Nov 21, 2013 2:37 pm Post subject: |
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| sold one lot Tata steel @ 384.5 ..stop 393..target 379 |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #350 Posted: Thu Nov 21, 2013 2:43 pm Post subject: |
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| reachchirag wrote: | 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!!! |
thanks Chirag....u helped me today turn decent profits.. ..from some volume trade in this one.....but as you can see..strong upmoves dont give up easily.....now no stock positions [except Tata steel lot] |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #351 Posted: Thu Nov 21, 2013 2:56 pm Post subject: |
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no positions now....
[Hindalco holding out still....Cipla at bottoms 385-388 for relief rally....] metals still better doing.... ]
...not to trade near critical market supports.. |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #352 Posted: Fri Nov 22, 2013 2:19 pm Post subject: |
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| sold tata steel at 390.75 [not a high probability trade though]..but nearing highs...for me....breakup when market down not possible so sold..."top of sideways consolidation"....stop 399..target 385 |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #353 Posted: Mon Nov 25, 2013 12:05 pm Post subject: |
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| i am not confident of todays move and since market shall not broken above 6090...in sideways after gap up opening ...till 12-1 pm [unless move above 6090 comes in next hr] ...i view negatively....confirmation if 6060 breaks below....shorts to be initiated then for intra-day... |
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reachchirag
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Joined: 28 Nov 2012
Posts: 102
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| Post: #354 Posted: Mon Nov 25, 2013 4:59 pm Post subject: |
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Hi amitagg...
Any levels to watch out on Reliance Infra?? |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #355 Posted: Mon Nov 25, 2013 5:46 pm Post subject: |
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U are long or short
For me markets are somewhat confusing at this stage
Becuase as I told when market was at 6200, we would see FINAL downleg to 5850 odd (may be 5700)...before hitting 6800-7000 next year..
Qe taper would be FINAL downkick if it happens nearby...
Now today was strength move...but shorts (like in Rel Infra which was otherwise very weak) get covered slowly...it is above 410 which is somewhat positive...strong resistance is at 417-418 (beyond which shorts should exit) next then 430...H and S in charts...
Above 428-430 definite bullish for medium term of few months...just to see how other stocks are behaving too
Again if you reconcile all, needs to watch whether 6170-6220 is closed above for Nifty...then we can assume that 5972 was bottom and I would be looking at 6500+...
I have no second view...above 6220 2 closings markets definitive up and decisively up...(What's the 66 retracement from 6340-5972?)
Below that let's see whether sideways or down...stocks would behave similarly (other than obviously many)
Jspl, bhel, hindalco, sideways and consolidating well for "medium term" of few months
Tata steel shal hit 440 over next few months..likely much more..
Dlfs rinfra rcap can break above 166, 430-453, 383 to rise very very sharply...
Overall best time for investment (current and next 3 months)....
5550-5600 is bottom may not be broken for years now....
EW supercycle, cycle wave counts suggest 5100 as bottom for ever.... |
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amitagg
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| Post: #356 Posted: Tue Nov 26, 2013 3:30 pm Post subject: |
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sold Rcap at 365.....strong resistance at 371....clear SAR trade if 372 hits...target 358/355
i still have a feeling that markets shall go down once to get into shorts over the next few weeks and then reverse vertically to cross the highs...... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #357 Posted: Wed Nov 27, 2013 10:05 am Post subject: |
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again Rcap tested 268-269 and 265 currently....great resistance at 270 means "good intra day short trade"....nifty above 6065 shall be postive though....needs to break 264...for 258
a sideways pattern otherwise in longer charts
take own decision |
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udaysahai
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Joined: 01 Feb 2011
Posts: 105
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| Post: #358 Posted: Wed Nov 27, 2013 10:19 am Post subject: |
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| Amitji, your views on TataMotors till tomorrow. Will there be any short covering, can we buy now... thanks and best regards. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #359 Posted: Wed Nov 27, 2013 1:03 pm Post subject: |
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| market can turn any way...close stop at 366.75...sar if reverses up above 368 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #360 Posted: Wed Nov 27, 2013 1:11 pm Post subject: |
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| market can break low and immediately rise rapidly...if break 6060 spot on up....its very up for intra day....otherwise it shall touch 6005-5970 rapidly |
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