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READING THE LINE [DAY TRADERS MIND] - FUTURES ONLY |
saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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Post: #586 Posted: Sun Feb 16, 2014 7:24 pm Post subject: |
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As far as RelInfra is concerned
One can go long target 390 - 415 - 450 - 480
LTP 358.7
SL 320
And strict SL 305 |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #587 Posted: Tue Feb 18, 2014 9:24 am Post subject: |
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wait and watch no positions since NS not above yesterdays high.... |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #588 Posted: Tue Feb 18, 2014 9:35 am Post subject: |
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bought above yesterdays close of 6092 ans exited at 6105.... |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #589 Posted: Tue Feb 18, 2014 10:10 am Post subject: |
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bought rcap above level of 317.5.....317.5 above bullish below neutral...stop 314..target 323/326 |
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amitshah555 White Belt
Joined: 31 Jan 2012 Posts: 11
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Post: #590 Posted: Tue Feb 18, 2014 12:05 pm Post subject: |
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Spike & Channel in Nifty??? |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #591 Posted: Tue Feb 18, 2014 12:18 pm Post subject: |
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in rcap also.....a very good day for all traders |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #592 Posted: Tue Feb 18, 2014 12:20 pm Post subject: |
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amitagg wrote: | in rcap also.....a very good day for all traders |
for me NF or spot shall touch 6168-88 ......
has taken few days...slow rise....
hence selling 6150 calls @50-60 [range]....
Last edited by amitagg on Mon Feb 24, 2014 2:50 pm; edited 1 time in total |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #593 Posted: Tue Feb 18, 2014 2:44 pm Post subject: |
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amitagg wrote: | amitagg wrote: | in rcap also.....a very good day for all traders |
for me NF or spot shall touch 6168-88 ...... |
20 points more to go up... |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #594 Posted: Tue Feb 18, 2014 2:52 pm Post subject: |
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amitagg wrote: | amitagg wrote: | amitagg wrote: | in rcap also.....a very good day for all traders |
for me NF or spot shall touch 6168-88 ...... |
20 points more to go up... |
sold 6150 call @ 47 [small qnty] |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #595 Posted: Tue Feb 18, 2014 3:45 pm Post subject: |
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I would expect any shorts to book around 6097-6107 Nifty spot....because it "may" be a 5 wave rise from 5933 and only 3rd completed at 6140 today [or to complete at 6157-6168 tomorrow etc]...
all in all intra buys at above level would pay off tomorrow unless overseas markets are choppy.....
markets are above small swing highs and above 15tf 34ema etc....and JT levels and above resistances.....
so buying should be idea [or OTM call writing in case of short view]
therefore booked 47 call sold at 37 in end...since short profits are likely to be smaller.... |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #596 Posted: Wed Feb 19, 2014 10:59 am Post subject: |
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bought reliance at 821 futures [intra day] |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #597 Posted: Wed Feb 19, 2014 12:04 pm Post subject: |
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what does experience say.????/ ....dont know for sure but after a long trending day as yesterday and triangle formation next day.....likely to break the [today's] triangle down....!!!???? [either ways...keep Sls wide.. since market may go down to 6110 -6085 and then rise to 6157-6188 OR ??? doubt straight to 6166 -6188 above] |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #598 Posted: Wed Feb 19, 2014 12:13 pm Post subject: |
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to reiterate i guess by end of day both high low can be hit so SL should not be high low of the day.... buying 20 points below low and selling 20 points above high is preferable.... |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #599 Posted: Wed Feb 19, 2014 12:38 pm Post subject: |
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market to be range bound today....dont see a trending move....we have to wait for tomorrow... |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #600 Posted: Mon Feb 24, 2014 2:53 pm Post subject: |
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amitagg wrote: | amitagg wrote: | amitagg wrote: | in rcap also.....a very good day for all traders |
for me NF or spot shall touch 6168-88 ...... |
20 points more to go up... |
selling 6150 call @ 50-60 range .....slow rise..and now a pause shall come or 1o-15 rise till end of day........fall to come tomorrow only 20-30 points.... |
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