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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: #571  Posted: Wed Feb 12, 2014 10:47 am Post subject: |
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started discussion when price was 837....fall to 820 and 804 as per "alternate views of other ichartians " were valid....despite that traded chart posted below and discussion in Wolves threads....at 820 day before in futures with Rs 6-7 gain and yesterday the short call...33% profit now....shall wait for time decay to kick in and decide at end of day whether to book.... never too sure- just that both bull and bear view can be profitable if traded correctly.........
| amitagg wrote: | | amitagg wrote: | sold reliance 800 put @ 11.5+ [net Rs 10 shall be received after or once sqared off]
while the day pattern is not good....but expecting NS / reliance to not go below 6000/800 is Feb and close much lower....also "time wise" reliance "may" have completed downtrend. hence "the sale of put" with time hedge for short feb series.
[there can be gap up or down in a day or two since intra day market moves would be volatile]...till now....6065/6047/6035 support holding so 6130 is open.....
| amitagg wrote: | | amitagg wrote: | following the nifty charts below, posting reliance chart [to further to butterfly wolve wave thread posts]
also see "trend reversal catching" thread and how EW< Time cycle< channel break and diverging RSI and MACD fits into BuY Reliance Chart...and support at 800 level...and multiple testing of 807 level
buy reliance "till 824-829" with stop at 807....for 2/3 days
or buy at any level till 760 for target 900 for few weeks/ months
if we are unable to make money in this one, ..........!!!! |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #572 Posted: Wed Feb 12, 2014 1:39 pm Post subject: |
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| booked profit @ 6.5 down from 11.5 RIL....expect move down unless above 6115....even above that risky if buying......may be fall of 50 points is coming........ |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #573 Posted: Wed Feb 12, 2014 2:21 pm Post subject: |
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| amitagg wrote: | | booked profit @ 6.5 down from 11.5 RIL....expect move down unless above 6115....even above that risky if buying......may be fall of 50 points is coming........ |
sold Nifty 6100 call @ 74.... |
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amitagg
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Posts: 4559
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| Post: #574 Posted: Thu Feb 13, 2014 10:14 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | booked profit @ 6.5 down from 11.5 RIL....expect move down unless above 6115....even above that risky if buying......may be fall of 50 points is coming........ |
sold Nifty 6100 call @ 74.... |
booked 50% at 54....balance TSL |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #575 Posted: Thu Feb 13, 2014 11:16 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | booked profit @ 6.5 down from 11.5 RIL....expect move down unless above 6115....even above that risky if buying......may be fall of 50 points is coming........ |
sold Nifty 6100 call @ 74.... |
booked 50% at 54....balance TSL |
exited 25% at 48..balance "ts(profit)" to 58 |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #576 Posted: Thu Feb 13, 2014 12:46 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | booked profit @ 6.5 down from 11.5 RIL....expect move down unless above 6115....even above that risky if buying......may be fall of 50 points is coming........ |
sold Nifty 6100 call @ 74.... |
booked 50% at 54....balance TSL |
exited 25% at 48..balance "ts(profit)" to 58 |
exited all at 50...
next waiting for 30-40 points down to sell 5900 put .[intra day unsustainable rise can come...] |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #577 Posted: Thu Feb 13, 2014 2:49 pm Post subject: |
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| SOLD 5900 PUT @ 35....first tranche... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #578 Posted: Thu Feb 13, 2014 3:03 pm Post subject: |
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| amitagg wrote: | | SOLD 5900 PUT @ 35....first tranche... |
second gone @ 39.5 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #579 Posted: Thu Feb 13, 2014 3:12 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | booked profit @ 6.5 down from 11.5 RIL....expect move down unless above 6115....even above that risky if buying......may be fall of 50 points is coming........ |
sold Nifty 6100 call @ 74.... |
booked 50% at 54....balance TSL |
exited 25% at 48..balance "ts(profit)" to 58 |
exited all at 50...
next waiting for 30-40 points down to sell 5900 put .[intra day unsustainable rise can come...] |
30-40 down to 6000 has come....average 2 tranche sale price 5900 put @ 37.5 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #580 Posted: Fri Feb 14, 2014 9:14 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | booked profit @ 6.5 down from 11.5 RIL....expect move down unless above 6115....even above that risky if buying......may be fall of 50 points is coming........ |
sold Nifty 6100 call @ 74.... |
booked 50% at 54....balance TSL |
exited 25% at 48..balance "ts(profit)" to 58 |
exited all at 50...
next waiting for 30-40 points down to sell 5900 put .[intra day unsustainable rise can come...] |
30-40 down to 6000 has come....average 2 tranche sale price 5900 put @ 37.5 |
due to pre opening trades at 5775-5850 level, shall place stop at 42 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #581 Posted: Fri Feb 14, 2014 9:17 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | booked profit @ 6.5 down from 11.5 RIL....expect move down unless above 6115....even above that risky if buying......may be fall of 50 points is coming........ |
sold Nifty 6100 call @ 74.... |
booked 50% at 54....balance TSL |
exited 25% at 48..balance "ts(profit)" to 58 |
exited all at 50...
next waiting for 30-40 points down to sell 5900 put .[intra day unsustainable rise can come...] |
30-40 down to 6000 has come....average 2 tranche sale price 5900 put @ 37.5 |
due to pre opening trades at 5775-5850 level, shall place stop at 42 |
....exited at 35 no PL |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #582 Posted: Fri Feb 14, 2014 2:45 pm Post subject: |
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I was repeatedly cautinioning bears below 6000......till 5994 spot not taken down....market not bearish.....  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #583 Posted: Fri Feb 14, 2014 8:54 pm Post subject: |
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| amitagg wrote: | | I was repeatedly cautinioning bears below 6000......till 5994 spot not taken down....market not bearish..... |
Have gone long in Rcap today at 315..314 the pivot for long term ..resistance at 317/321..strict stop at 313.25 futures price...if breaks 313 then shall target 302 when market may bottom... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #584 Posted: Sun Feb 16, 2014 6:00 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | I was repeatedly cautinioning bears below 6000......till 5994 spot not taken down....market not bearish..... |
Have gone long in Rcap today at 315..314 the pivot for long term ..resistance at 317/321..strict stop at 313.25 futures price...if breaks 313 then shall target 302 when market may bottom... |
if rcap moves above 319 futures price stop to be revised to 315...first profit booking at 321....
shall go long in Rinfra [below 363] if opening is strong ...till 366/368/371 [1-2 day target] futures [66% retrace from 460-310 complete.....lows held for past 12 days.....] |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #585 Posted: Sun Feb 16, 2014 7:13 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | I was repeatedly cautinioning bears below 6000......till 5994 spot not taken down....market not bearish..... |
Have gone long in Rcap today at 315..314 the pivot for long term ..resistance at 317/321..strict stop at 313.25 futures price...if breaks 313 then shall target 302 when market may bottom... |
if rcap moves above 319 futures price stop to be revised to 315...first profit booking at 321....
shall go long in Rinfra [below 363] if opening is strong ...till 366/368/371 [1-2 day target] futures [66% retrace from 460-310 complete.....lows held for past 12 days.....] |
Very right, Amit
My observation about RelCapital
Formed + ww in 60 min tf (though with slight cutting of wicks) target 327-8
First consolidation at 321-22 and then around 327-8. |
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