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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: #616  Posted: Thu Mar 06, 2014 1:14 pm Post subject: |
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markets bullish as expected few days back....was enjoying some sold 6250 puts  .....now is time to book all longs....and even can enter or sell 6400 call @ 69....also NF shall fall 20-30 points on break of trendline below 6289...very very near to support now
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #617 Posted: Thu Mar 06, 2014 1:18 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | attached EW count as done on 6 dec 13 ...with only change of low being now considered as 5933 instead of 5973.....[[these are approximations and not high-level study]
targetting 6415/ 6500/6700+
i don expect break of 6150 now...without touching 6400+...[subject to politico bla bla bla....]
a strong trend day and that too a reversal day...with slight slight rises all thru has to bring a gap up open...///deontes buying strength and trend following shall be good now....multi month highs near to be touched and a new high to be formed....whether that stays or not is different....
it has exactly happened as that EW TECHNICIAN told.. ..fall till feb and then a rise till Aug .......
shorts be careful and dont wish ....just be with the trend.....shakeouts would be done for longs and happened yesterday.....but markets very bullish [since above my points of 6142 and 6267] |
this is 5th wave from 5933 so cannot be bear rally.....target 6354 [previous top spot], 6380 A=E
- support 6220 conservative / 6170 extreme.....[better support for short term players is 6270 spot......]
likely to touch 6350-6360 tomorrow ...futures..and likely 6380-6415 [futures] this week or next....
buy all down ticks and please do not sell except for intra day.....posting one chart in TA thread |
met the target....now exit longs [m arket can be sideays or give gap up tomorrow....6400 will not be crossed slowly.... now...] - also read when to seel below....
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #618 Posted: Thu Mar 06, 2014 2:50 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | attached EW count as done on 6 dec 13 ...with only change of low being now considered as 5933 instead of 5973.....[[these are approximations and not high-level study]
targetting 6415/ 6500/6700+
i don expect break of 6150 now...without touching 6400+...[subject to politico bla bla bla....]
a strong trend day and that too a reversal day...with slight slight rises all thru has to bring a gap up open...///deontes buying strength and trend following shall be good now....multi month highs near to be touched and a new high to be formed....whether that stays or not is different....
it has exactly happened as that EW TECHNICIAN told.. ..fall till feb and then a rise till Aug .......
shorts be careful and dont wish ....just be with the trend.....shakeouts would be done for longs and happened yesterday.....but markets very bullish [since above my points of 6142 and 6267] |
this is 5th wave from 5933 so cannot be bear rally.....target 6354 [previous top spot], 6380 A=E
- support 6220 conservative / 6170 extreme.....[better support for short term players is 6270 spot......]
likely to touch 6350-6360 tomorrow ...futures..and likely 6380-6415 [futures] this week or next....
buy all down ticks and please do not sell except for intra day.....posting one chart in TA thread |
met the target....now exit longs [m arket can be sideays or give gap up tomorrow....6400 will not be crossed slowly.... now...] - also read when to seel below.... |
remember 5th wavve from 5933 done is target...at 5980 with 1=5 and 3 being longest....so sideays action expected now shall kill call premiums....unless gap ups... put premiums shall be lielly stagnant and not rise much ....
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amitagg
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Posts: 4559
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| Post: #619 Posted: Fri Mar 07, 2014 12:55 pm Post subject: |
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| it is a full blown rally...no cooking up etc...shall continue for few months....and target 6700 minimum....without reaching 6267....
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #620 Posted: Fri Mar 07, 2014 1:05 pm Post subject: |
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| amitagg wrote: | | it is a full blown rally...no cooking up etc...shall continue for few months....and target 6700 minimum....without reaching 6267.... |
now look at DLF [171/181], rcom [121/126], rcapital [342/353], arvind, century textiles etc and such other dicey stocks also....good returns in there...there are minimum 2 levels...
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #621 Posted: Fri Mar 07, 2014 1:06 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | it is a full blown rally...no cooking up etc...shall continue for few months....and target 6700 minimum....without reaching 6267.... |
now look at DLF [171/181], rcom [121/126], rcapital [342/353], arvind, century textiles etc and such other dicey stocks also....good returns in there...there are minimum 2 levels... |
also to remember and not go bearish if sudden 50-70 point NS fall.....
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amitagg
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Posts: 4559
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| Post: #622 Posted: Fri Mar 07, 2014 1:58 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | it is a full blown rally...no cooking up etc...shall continue for few months....and target 6700 minimum....without reaching 6267.... |
now look at DLF [171/181], rcom [121/126], rcapital [342/353], arvind, century textiles etc and such other dicey stocks also....good returns in there...there are minimum 2 levels... |
also to remember and not go bearish if sudden 50-70 point NS fall..... |
see the number of times those shorting and keeping Sls above high would have been trashed.....Mikky posted that in advance not to short and the targets...
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #623 Posted: Fri Mar 07, 2014 2:07 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | it is a full blown rally...no cooking up etc...shall continue for few months....and target 6700 minimum....without reaching 6267.... |
now look at DLF [171/181], rcom [121/126], rcapital [342/353], arvind, century textiles etc and such other dicey stocks also....good returns in there...there are minimum 2 levels... |
also to remember and not go bearish if sudden 50-70 point NS fall..... |
see the number of times those shorting and keeping Sls above high would have been trashed.....Mikky posted that in advance not to short and the targets... |
the EW count posted by me few days back gave target of 6648 and one can see it being touched .... irrespective of 100-150 odd points fall here and there....heard a report that Sensex companies earnings rose some X [good] percentage points last quarter [accounts manipu...etc] ....political April- May suggestion is just one part ....4-5 years of sideways run is done...and let market scale to 6700-800....new heighs always bullish is break after testing so many times....all stock held there "low" supports....bharti, reliance, sbi, even rcapital!!!!
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amitagg
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Posts: 4559
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| Post: #624 Posted: Fri Mar 07, 2014 2:38 pm Post subject: |
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in bull markets, "sitting tight" alone make profits...big ones...but it is often said than done
....rcom meantime 120..booked 20% targetting 123-125...or tomorrow initial hours...
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amitagg
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Posts: 4559
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| Post: #625 Posted: Fri Mar 07, 2014 3:19 pm Post subject: |
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| amitagg wrote: | in bull markets, "sitting tight" alone make profits...big ones...but it is often said than done
....rcom meantime 120..booked 20% targetting 123-125...or tomorrow initial hours... |
booked 50% total near 119.5...
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #626 Posted: Fri Mar 07, 2014 3:22 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | in bull markets, "sitting tight" alone make profits...big ones...but it is often said than done
....rcom meantime 120..booked 20% targetting 123-125...or tomorrow initial hours... |
booked 50% total near 119.5... |
additional 10% at 119...balance TSL to cost 114. final holding - for target 123/126
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #627 Posted: Fri Mar 07, 2014 3:58 pm Post subject: |
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I am getting irresistable feeling to "short NF" in morning tomorrow...pls tell one level below which to short....intra day....a nearby level...
CMP = 6547
[stop 6575 NF] - [target=19 point intervals or 6506/6487]
is it
- 6540 gann level
- 6531 upper 25% percentile break
- any other?
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #628 Posted: Sun Mar 09, 2014 7:27 pm Post subject: |
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Shorting NF below 6540 tomorrow (even if opens at 6530) ...will short in 2-3 times on rises till 6247-6260...... stop 6565
(willing to re enter short below 6560 if SL hit but if unable to sustain above 6575 NF)...target open till 6506/6488/ 6470......
rsi divergence/one big red candle on one tf/ some stocks looks like selling few points to retrace gains/ 12 upticks on daily basis past 15 days or so (9 is general consecutive pattern but still going for it, etc) - normal quantity
| amitagg wrote: | I am getting irresistable feeling to "short NF" in morning tomorrow...pls tell one level below which to short....intra day....a nearby level...
CMP = 6547
[stop 6575 NF] - [target=19 point intervals or 6506/6487]
is it
- 6540 gann level
- 6531 upper 25% percentile break
- any other? |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #629 Posted: Mon Mar 10, 2014 4:48 am Post subject: |
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| amitagg wrote: | Shorting NF below 6540 tomorrow (even if opens at 6530) ...will short in 2-3 times on rises till 6247-6260...... stop 6565
(willing to re enter short below 6560 if SL hit but if unable to sustain above 6575 NF)...target open till 6506/6488/ 6470......
rsi divergence/one big red candle on one tf/ some stocks looks like selling few points to retrace gains/ 12 upticks on daily basis past 15 days or so (9 is general consecutive pattern but still going for it, etc) - normal quantity
| amitagg wrote: | I am getting irresistable feeling to "short NF" in morning tomorrow...pls tell one level below which to short....intra day....a nearby level...
CMP = 6547
[stop 6575 NF] - [target=19 point intervals or 6506/6487]
is it
- 6540 gann level
- 6531 upper 25% percentile break
- any other? |
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if short nifty, i shall also long HUL and Most important, Idea [Idea i shall accumulate on way down to 130-133 [add more buy above 138 futures] if it happens.... stop 127....target 141/147 [realistic)/151....
meanwhile Rcom can fall to 115-116 and then rise to 126....a buy above 120 now...
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #630 Posted: Mon Mar 10, 2014 12:41 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | Shorting NF below 6540 tomorrow (even if opens at 6530) ...will short in 2-3 times on rises till 6247-6260...... stop 6565
(willing to re enter short below 6560 if SL hit but if unable to sustain above 6575 NF)...target open till 6506/6488/ 6470......
rsi divergence/one big red candle on one tf/ some stocks looks like selling few points to retrace gains/ 12 upticks on daily basis past 15 days or so (9 is general consecutive pattern but still going for it, etc) - normal quantity
| amitagg wrote: | I am getting irresistable feeling to "short NF" in morning tomorrow...pls tell one level below which to short....intra day....a nearby level...
CMP = 6547
[stop 6575 NF] - [target=19 point intervals or 6506/6487]
is it
- 6540 gann level
- 6531 upper 25% percentile break
- any other? |
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if short nifty, i shall also long HUL and Most important, Idea [Idea i shall accumulate on way down to 130-133 [add more buy above 138 futures] if it happens.... stop 127....target 141/147 [realistic)/151....
meanwhile Rcom can fall to 115-116 and then rise to 126....a buy above 120 now... |
HUL - [RRK and Vinay - traded today and booked profits Rs 6...now targetting 570/583]
Idea - holding from 138 - larger quantity....
NS - stratched the trade at some loss...
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