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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: #646  Posted: Tue Mar 11, 2014 6:45 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | markets will create space to move up....trading downtrend is tricky though 6487, 6460 can be touched on spot.......better to avoid NF trades.....
and buy safe stocks on "every decline" like HUL, Tata Global, even telecom, etc. for "trading gains" over 1-2 weeks....stocks near support
added Tata Global at 144 today and adding till 140 down...for target 148/150... |
as happened.....both HUL rose [now 566] [no positions] and Tata Global [now 146.5] [long - shall exit most tomorrow and continue to hold UPL] and so has NF behaved erractic......
its buy market on declines.....
have added UPL at 190 for target 197/201...stop 182..... |
posting UPL chart...it shall hit 198 futures stop 181/180...long term chart suggests support at 180 also....
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amitagg
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Posts: 4559
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| Post: #647 Posted: Wed Mar 12, 2014 10:59 am Post subject: |
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bought ITC at 342...stop 338..target 347
booked tata global at 147-148 
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amitagg
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Joined: 01 Oct 2013
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| Post: #648 Posted: Wed Mar 12, 2014 2:18 pm Post subject: |
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| amitagg wrote: | bought ITC at 342...stop 338..target 347
booked tata global at 147-148 |
exited ITC and UPL [near cost] [shall buy if market ups or it goes and consolidates above 193.75......or it falls to 187]]]]
market can go to 6440-60...wherein we should buy and wait....
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #649 Posted: Wed Mar 12, 2014 2:26 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | bought ITC at 342...stop 338..target 347
booked tata global at 147-148 |
exited ITC and UPL [near cost] [shall buy if market ups or it goes and consolidates above 193.75......or it falls to 187]]]]
market can go to 6440-60...wherein we should buy and wait.... |
sometimes u feel like trading a SAR trade...ITC is one...likely to fall from 341 to 335-337-338......but avoiding....
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #650 Posted: Wed Mar 12, 2014 3:21 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | bought ITC at 342...stop 338..target 347
booked tata global at 147-148 |
exited ITC and UPL [near cost] [shall buy if market ups or it goes and consolidates above 193.75......or it falls to 187]]]]
market can go to 6440-60...wherein we should buy and wait.... |
sometimes u feel like trading a SAR trade...ITC is one...likely to fall from 341 to 335-337-338......but avoiding.... |
reentered idea at 142....buy..
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #651 Posted: Wed Mar 12, 2014 3:34 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | bought ITC at 342...stop 338..target 347
booked tata global at 147-148 |
exited ITC and UPL [near cost] [shall buy if market ups or it goes and consolidates above 193.75......or it falls to 187]]]]
market can go to 6440-60...wherein we should buy and wait.... |
sometimes u feel like trading a SAR trade...ITC is one...likely to fall from 341 to 335-337-338......but avoiding.... |
reentered idea at 142....buy.. |
idea stop 138 target 147.....
anyone can buy Tata Global, HUL, UPL, Idea , ITC at opening levels tomorrow for trading gains.........markets unless breaks 6487 spot tomorrow would IMHO target 6600+ starting from Friday / Monday.....
[tomorrow is GAAN day 68th from top of 6415 made on 9-Dec...just a fact]
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amitagg
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Posts: 4559
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| Post: #652 Posted: Wed Mar 12, 2014 6:36 pm Post subject: |
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On 30tf,
1) +ve WW on Nifty (see chart posted by Icharts team) ...??
2) Triangle pattern (but no break yet..direction of break not clear...?)
3) -ve RSI divergence (starting from 80 RSI levels being confirmed by "sideways reaction to uptrend"..continuing..now RSI near 40 levels...?
4) Above 6555 NS, target 6590, 6638, 6758....
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #653 Posted: Wed Mar 12, 2014 6:37 pm Post subject: |
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| amitagg wrote: | On 30tf,
1) +ve WW on Nifty (see chart posted by Icharts team) ...??
2) Triangle pattern (but no break yet..direction of break not clear...?)
3) -ve RSI divergence (starting from 80 RSI levels being confirmed by "sideways reaction to uptrend"..continuing..now RSI near 40 levels...?
4) Above 6555 NS, target 6590, 6638, 6758.... |
Joker is only weak overseas markets.....
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #654 Posted: Thu Mar 13, 2014 9:24 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | bought ITC at 342...stop 338..target 347
booked tata global at 147-148 |
exited ITC and UPL [near cost] [shall buy if market ups or it goes and consolidates above 193.75......or it falls to 187]]]]
market can go to 6440-60...wherein we should buy and wait.... |
sometimes u feel like trading a SAR trade...ITC is one...likely to fall from 341 to 335-337-338......but avoiding.... |
reentered idea at 142....buy.. |
idea stop 138 target 147.....
anyone can buy Tata Global, HUL, UPL, Idea , ITC at opening levels tomorrow for trading gains.........markets unless breaks 6487 spot tomorrow would IMHO target 6600+ starting from Friday / Monday.....
[tomorrow is GAAN day 68th from top of 6415 made on 9-Dec...just a fact] |
exited idea on trendline break near cost....itc meantime 348.... 
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #655 Posted: Thu Mar 13, 2014 1:32 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | bought tata global suggested by RitaPandit few day back now at 145.5 futures....target 148/153...stop below 138 only.... |
buying safer bets or stocks not rallied like HUL, Tata Global, Rcom near bottoms before the rally...since few weeks dont expect major upward move...above 6600 NS....so topping shall happen around here....which shall take few days ...and in between stocks shall give sparks and spikes up..... |
reiterating Idea buy....it has long into a i) line formation i) after spike on intra time frame iii) near support on daily timeframes and iii) break of consol above 132 [a key reversal level]......and shall give good gains "tomorrow".....
markets can give 20 points spikes but shall find difficult crossing 6540-6560..... |
3 days have passed...dont have to worry about which way the break shall come....trading day shall be one sided tomorrow i feel.....waiting...today may be NR 4 [lets see closing]?
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amitagg
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Posts: 4559
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| Post: #656 Posted: Sun Mar 16, 2014 6:01 pm Post subject: |
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To Buy NF at 6563 target 6608 stop 6525
(NF above 6520 is bullish)
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anilraj
White Belt
Joined: 30 Aug 2013
Posts: 24
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| Post: #657 Posted: Sun Mar 16, 2014 8:04 pm Post subject: |
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Hi Wishing happy Holi to all.
Holding some puts in SSLT. If the market opens down due to some
world political situation can SSLT put turn profitable. Your view on Titan
also please.
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #658 Posted: Sun Mar 16, 2014 9:44 pm Post subject: |
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| anilraj wrote: | Hi Wishing happy Holi to all.
Holding some puts in SSLT. If the market opens down due to some
world political situation can SSLT put turn profitable. Your view on Titan
also please. |
Attaching 2 Titan charts - one 30 days and other longer term
1 channel is good
2. otherwise sideways to strong
trading method = stop 250 [or better 248]
buy at 251-253-255 [3 stages]...for target 258...above 260 target 258+11 [258-247]=270
it is a stock which can be bought for few rs upside each day.....
270-275 resistance.....
overall buy and hold......
for any investment / very long term position trading 210-213 can be safe support......earlier stop is 237.....[by 2 stops eg: it means dont put stop at 238/239/240/241/242 etc....put at 237 or if want to be in profit only put 213]
note that gold chart is looking good at 1370 and hence Titan can do well....better to buy on days when NS is weak
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #659 Posted: Sun Mar 16, 2014 9:57 pm Post subject: |
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| anilraj wrote: | Hi Wishing happy Holi to all.
Holding some puts in SSLT. If the market opens down due to some
world political situation can SSLT put turn profitable. Your view on Titan
also please. |
Titan charts and response is given in post below. for SSLT, i mentioned few days back to one post that for me...175-180 was buying region......it is now 171.....below the major pivot of 173-174.......
however considering market position, i believe that it can move back above 174.........it is "a risky" buy above 173.75 for target 178....and then 185/187.....
continually remaining below 173 for next 3-4 days would mean it shall test 163/140........[this for me is less likely....]
while u are right in buying puts considering "only this stock", would recommending not to short......
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anilraj
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Joined: 30 Aug 2013
Posts: 24
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| Post: #660 Posted: Sun Mar 16, 2014 10:10 pm Post subject: |
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| thanks for such quick response.
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