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READING THE LINE [DAY TRADERS MIND] - FUTURES ONLY |
amitagg
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Joined: 01 Oct 2013
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Post: #421  Posted: Wed Dec 18, 2013 3:13 pm Post subject: |
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see chart
first line level - "failure" of uptrend
second - at 200 now support for longs
third - "failed failure" at 203 - long above
forth - just now...consolidation above 203 level.....
so good....
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sauraj123
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| Post: #422 Posted: Wed Dec 18, 2013 3:25 pm Post subject: |
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| Thanks Amitagg for your insight on LIC i am holding LIC for a target of 210.
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amitagg
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| Post: #423 Posted: Wed Dec 18, 2013 6:47 pm Post subject: |
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LIC can realistically move to 212-213 (both retrace and double bottom target...also see that above 207 it is positive I'm medium term time frames, quite possibly with a 217 -227 target....so I would exit at 211.5 futures price (50 percent) (or get stopped at 201) and then that 216 (25)TSL 210 and 226(25) only
....since market recovery from 6130-6150 (previous swing low ) may be significant...
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sauraj123
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| Post: #424 Posted: Wed Dec 18, 2013 11:03 pm Post subject: |
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| Cipla was great call...Lets see what LIC does...
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amitagg
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| Post: #425 Posted: Thu Dec 19, 2013 9:33 am Post subject: |
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| seeing metals rise and bank down..i have just exited LIC at cost and entered Hindalco at 120.....
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amitagg
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| Post: #426 Posted: Thu Dec 19, 2013 9:37 am Post subject: |
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| hindalco should rise all day today...enter at any price....
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amitagg
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| Post: #427 Posted: Thu Dec 19, 2013 9:55 am Post subject: |
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| nifty not behaving expectedly ...support may break...exiting at 0.5 loss...can renter above high
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #428 Posted: Thu Dec 19, 2013 10:32 am Post subject: |
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important thing to exit timely if uncertain...so minor loss from LIC/ Hindalco (high volume trades) [brokerage  )..with cipla s success but traded volume was very low
now we can again reenter based on market movement....i am very skeptical for shorting the market [though intra day may be down]
so again would look to buy the highs only for confirmation........
point is in and out timely and some trades to give the profit desired.....
because markets wont look back if it moves about 6230 now...
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amitagg
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| Post: #429 Posted: Thu Dec 19, 2013 11:41 am Post subject: |
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| sold axis bank @ 1246...stop 1290...target 1190
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #430 Posted: Fri Dec 20, 2013 2:37 pm Post subject: |
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bought century 260 ...good consolidation above supports at 253-255 held....
axis booked loss in morning trade
lic rallying .... cipla above 400.....all trades have taken time to ripen....and exits were very early..
dlf if above 165 can work wonders....
overall holding trade would profit...side markets sound...sideways to up....
a lot of buying at supports....
anything can happen over the next 2-3 days...
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amitagg
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Posts: 4559
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| Post: #431 Posted: Mon Dec 23, 2013 10:41 pm Post subject: |
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squared almost all at 267 [cost 261]..century....given good profits.....271 (66% retrace)...pattern stong...can break easily...
lic, union bank, cipla, all rallying..... as mentioned earlier PSU banks rallied....Union Bank etc can still rayy lot more and should be bought in low quantity for positonal trade....
now watching HINDALCO very closely....very good pattern today and over the weeks and yet to break out....but confirmatiion shall come either after expiry or above 127 spot.
otherwise less risky buy can be TATA GLOBAL target 162
TATA STEEL can be day traded above 428 for buy till 433-435....
see how market is king......century 267 -302 in one day....sometimes chart shows whats coming [it had good AB=CD plus consol abve 253 key support+ raymond/dlf were rallying the day before and in rising market is was quiet.....
as again often happens could not take advantage [in hindsight]
Last edited by amitagg on Wed Dec 25, 2013 11:33 pm; edited 1 time in total |
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amitagg
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| Post: #432 Posted: Mon Dec 23, 2013 11:01 pm Post subject: |
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| singh.ravee wrote: | | amitagg wrote: | | dlf strong above 160 bought..stop 155...target 164/166/171 |
hi
i m long from 148 
rgds |
dlf will it go to 184.....good breakout...only for positional traders.and risky stock to trade
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #433 Posted: Mon Dec 23, 2013 11:07 pm Post subject: |
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| amitagg wrote: | further to below, attached "trendline" chart....6150-6125 region is excellant support for intra day/2-5 days trades......
even if 5970 is to be broken [hypothetically], there should be a abc from 6415 for it.
....also 6116 is 66% retrace
....also 6124 is [as per one count] 1st wave from 5973 so reaction (if 4th) should hold above this
dlf century ranbaxy union bank other banks lic hsg and many stocks would reach excellant support levels "one level" down and with overall stockS view in mind, a pullback should start to 6250+ |
see chart in this post....channel formation holding....and bounce just from circled area
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #434 Posted: Tue Dec 24, 2013 10:42 am Post subject: |
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just as LIC and Century were spotted in early stage of reversal [npw LIC near 220, Century 280],
take note of Rcap...bought Jan futures at 364.... bought a bit early [technically one should buy after break]
above 363-365 spot reversal shall be complete...
target open minimum 370/ then 383/392
stop conservative 340 [can usre this and determine qtny for trading]....technical 353
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #435 Posted: Wed Dec 25, 2013 11:35 pm Post subject: |
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| amitagg wrote: | squared almost all at 267 [cost 261]..century....given good profits.....271 (66% retrace)...pattern stong...can break easily...
lic, union bank, cipla, all rallying..... as mentioned earlier PSU banks rallied....Union Bank etc can still rayy lot more and should be bought in low quantity for positonal trade....
now watching HINDALCO very closely....very good pattern today and over the weeks and yet to break out....but confirmatiion shall come either after expiry or above 127 spot.
otherwise less risky buy can be TATA GLOBAL target 162
TATA STEEL can be day traded above 428 for buy till 433-435....
see how market is king......century 267 -302 in one day....sometimes chart shows whats coming [it had good AB=CD plus consol abve 253 key support+ raymond/dlf were rallying the day before and in rising market is was quiet.....
as again often happens could not take advantage [in hindsight] |
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