iCharts Discussions

[amitagg]

[amitagg]

sold 6200 call@95 Jan......[shall later buy Feb ITM call if NS goes down as i expect to 6116 or lower]

[amitagg]

exited at 85

[amitagg]

bought GMDC @ 120....rising trend

[amitagg]

it appears that the most most favoured coverging point for market over the last 4 months is 6209.... [means sideways monthly consolidation after the rise from 5115 before the upmove]

[amitagg]

remember now a new buy intra day only above 6240....see previous 4-5 days 3 or 5 min chart.....first gap area of 6240-6250 NF filled....one gap at 6240-6260....not filled....

[amitagg]

6260 near done.....some stocks like Rinfra reversing 408...but only intra day / 1 day strict SL plays

[amitagg]

See attached chart

reasons why short initiated at 6312 NF on 17-1-14

i) below previous close of 6318
ii) 34 ema line changed to red
iii) price below 34 ema around 6313
iv) lower high made
v) lower low made below 6308
vi) lower RSI [ new low for RSI ]
vii) "first" trendline break since rise from 6130
viii) triple testing of 6338 [twice on end of 16-1-14 and once in morning of 17-1-14 and failure]
ix) if look at 5 days action 15 min 34 ema trades worked ...one whipsaw but could have reversed...2 gaps on reversal
x) previous swing low at 6277 or so far off....
xi) market below PV of 6321...

regards

[vinay28]

[vinay28]

[amitagg]

yesterday i had covered by shorts......

profited today also intra day in fact scalp trading [2 twice]....lower points surer confirmation.

bought at 6261 for following reasons - shall attach chart later:

i) market moved above day's high approx after one hr
ii) fell to 6255
iii) moved above 6259.....

bought at 6262 squared at 6277...... since "pre bids " were placed....

iv) see FIBO retrace........held 61.5% of todays high low of first hour
v) bought immediate when moveed above 50% retrace of lower high low.....

vii) market held 6242 levels....which were 50% of entire advance from 6140 to 6345.....

i again "sold " at 6314....[by luck it reached there yesterday's level...knowing fall started from 6313-6318 as written below

squared for nominal gains at 6304-6306..something....

[amitagg]

2 more reasons [a classic Fibo trade today]:

vi) when market down below yesterday's close and remains in yesterday's low region and bounces above yesterday's close, its intra buy [along woith other trigger confirmation],
so bought at 6262
viii) 34 ema 89 ema 15 min 5 day cross over was together at 6285 region....was expecting reaction only till this.....so sold at 6277 since that was conservative prohection of "intra day" upmove from 6255

[amitagg]

as always bought Rcap at 352.5 futures for reversal trade ...stop 348..target 363+

[amitagg]

Spot at 6338.....JT figure..and other of importance....i guess...
would still something unfold...sl for longs is 6318.....

[amitagg]

now, shorts would be covering...may be...
and longs entering....maybe

this would be a decisive top if 6300 is broken on downside......but but...since market is up since morning...we only look at chart and play up...until reveral happens....