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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: #661  Posted: Sun Mar 16, 2014 10:15 pm Post subject: |
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| amitagg wrote: | To Buy NF at 6563 target 6608 stop 6525
(NF above 6520 is bullish) |
- as written on 16th March 2014 for 18th...
as written on 13th March for 14th: in Swing Trading - thread of SSPS
| amitagg wrote: | see the 2 Nifty charts for following and comment [analysed in different setups]:
- Sell mode as per SSPS now [move above 6555 NF required to negate the sell]
- Sell mode as per Rahuls' 100SMA method - target 6484 futures price [70 points?]
- Double top target is 6454 [6590-6515=75 and 6520-75=6550
....6454 NF also the
i) 23.6% retrace from 5933,
ii) the 38.2% level from 6228 and
iii) support of Andrews Pitchfork from 5933
- + ww in 15tf above 6525NF target 6555 minimum...the MAs line....move above 6560 would trigger a negate of SSPS/Rahuls method
- market below 6513 NF for 15-30 mins would mean ...l[b]ower target of 6455 NF to be reached.....[/b]
can trade also as per JTs levels tomorrow below 6502/6512/6292 depending upon whether open is same, 10 points up, 10 points down, etc. [respectively].
if market sustains above 6520 tomorrow for few hrs and then moves above [b]6557 [futures] then an "all out buy"....[/b]
Regards |
now posting on 16th March for 18th....
the levels were very close [6557 instead of 6558 actual and 6555 instead of 6561 actual [ posted one day before]..and see the reasoning for lower level which held the day [14th]....again a clear cut above if NF sustains above 6555-6565 region........
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #662 Posted: Mon Mar 17, 2014 9:51 pm Post subject: |
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Buying Zee above 280-281 for target 285.5/287/290....C&H....and moving into the "channel" on 30D given the monthly move within "channel" - see 3 charts attached...stop 275...
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #663 Posted: Mon Mar 17, 2014 11:15 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | To Buy NF at 6563 target 6608 stop 6525
(NF above 6520 is bullish) |
- as written on 16th March 2014 for 18th...
as written on 13th March for 14th: in Swing Trading - thread of SSPS
| amitagg wrote: | see the 2 Nifty charts for following and comment [analysed in different setups]:
- Sell mode as per SSPS now [move above 6555 NF required to negate the sell]
- Sell mode as per Rahuls' 100SMA method - target 6484 futures price [70 points?]
- Double top target is 6454 [6590-6515=75 and 6520-75=6550
....6454 NF also the
i) 23.6% retrace from 5933,
ii) the 38.2% level from 6228 and
iii) support of Andrews Pitchfork from 5933
- + ww in 15tf above 6525NF target 6555 minimum...the MAs line....move above 6560 would trigger a negate of SSPS/Rahuls method
- market below 6513 NF for 15-30 mins would mean ...l[b]ower target of 6455 NF to be reached.....[/b]
can trade also as per JTs levels tomorrow below 6502/6512/6292 depending upon whether open is same, 10 points up, 10 points down, etc. [respectively].
if market sustains above 6520 tomorrow for few hrs and then moves above [b]6557 [futures] then an "all out buy"....[/b]
Regards |
now posting on 16th March for 18th....
the levels were very close [6557 instead of 6558 actual and 6455 instead of 6461 actual [ posted one day before]..and see the reasoning for lower level which held the day [14th]....again a clear cut above if NF sustains above 6555-6565 region........ |
Below 6499 NF will be sell since i) high of breakout ii) point of MA crossover on 15tf.....which did not happen since 5933....
Above 6525 NS/ 6557 immediate buy...for target 6283 NF/ 6294NF and more likely 6608 NF.....
markets not close to top and a higher high shall be made shortly......based on "particular" RSI bands on daily timeframe......typical topping at 63 not 57 [multi month] currently....
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amitagg
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Posts: 4559
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #665 Posted: Tue Mar 18, 2014 11:11 am Post subject: |
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now an intra day buy only above 6565 NS [only if one is considering going long - this is not a going long recommendation.]
not suggesting going long [for fresh trade] since "any break of sideways channel" is not bullish after a sustained move ....like from 6450....6575
first break is visible in intra day chart [so sideways to up move important for fresh buy].....
this break can be negated if NS goes up...then above 6565 NS target shall be 6585/6620 NS.
meanwhile ,, watching for spike and channel action in banks if it comes buy....no trades currently.
shorters can live in hope 
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #666 Posted: Tue Mar 18, 2014 11:58 am Post subject: |
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| amitagg wrote: | now an intra day buy only above 6565 NS [only if one is considering going long - this is not a going long recommendation.]
not suggesting going long [for fresh trade] since "any break of sideways channel" is not bullish after a sustained move ....like from 6450....6575
first break is visible in intra day chart [so sideways to up move important for fresh buy].....
this break can be negated if NS goes up...then above 6565 NS target shall be 6585/6620 NS.
meanwhile ,, watching for spike and channel action in banks if it comes buy....no trades currently.
shorters can live in hope |
somehow i am feeling a down day intra day [not for banks may be]. ....therefore avoiding the shorts [since shorting range is smaller may be 6555 NF ..no positions
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #667 Posted: Tue Mar 18, 2014 12:27 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | now an intra day buy only above 6565 NS [only if one is considering going long - this is not a going long recommendation.]
not suggesting going long [for fresh trade] since "any break of sideways channel" is not bullish after a sustained move ....like from 6450....6575
first break is visible in intra day chart [so sideways to up move important for fresh buy].....
this break can be negated if NS goes up...then above 6565 NS target shall be 6585/6620 NS.
meanwhile ,, watching for spike and channel action in banks if it comes buy....no trades currently.
shorters can live in hope |
somehow i am feeling a down day intra day [not for banks may be]. ....therefore avoiding the shorts [since shorting range is smaller may be 6555 NF ..no positions |
as happening.....shorting still avoidable.....
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #668 Posted: Tue Mar 18, 2014 12:34 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | now an intra day buy only above 6565 NS [only if one is considering going long - this is not a going long recommendation.]
not suggesting going long [for fresh trade] since "any break of sideways channel" is not bullish after a sustained move ....like from 6450....6575
early reading the line...........
first break is visible in intra day chart [so sideways to up move important for fresh buy].....
this break can be negated if NS goes up...then above 6565 NS target shall be 6585/6620 NS.
meanwhile ,, watching for spike and channel action in banks if it comes buy....no trades currently.
shorters can live in hope |
somehow i am feeling a down day intra day [not for banks may be]. ....therefore avoiding the shorts [since shorting range is smaller may be 6555 NF ..no positions |
as happening.....shorting still avoidable..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #669 Posted: Tue Mar 18, 2014 1:16 pm Post subject: |
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| sniper traders.......TSL to cost for NF at 6567........can touch 6555 NF....or book at 6578/ 6582.....
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #670 Posted: Tue Mar 18, 2014 1:25 pm Post subject: |
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| amitagg wrote: | | sniper traders.......TSL to cost for NF at 6567........can touch 6555 NF....or book at 6578/ 6582..... |
i exited at 6572.5...now shall buy at 6550-6555 region...lets see.....
had forefarned of falling day...but never would go for shorts.....unless NF below 6499
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #671 Posted: Tue Mar 18, 2014 1:28 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | sniper traders.......TSL to cost for NF at 6567........can touch 6555 NF....or book at 6578/ 6582..... |
i exited at 6572.5...now shall buy at 6550-6555 region...lets see.....
had forefarned of falling day...but never would go for shorts.....unless NF below 6499 |
wonderful line reading....just when was writing....now again bought at 6551.....stop 20 points down.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #672 Posted: Tue Mar 18, 2014 1:37 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | sniper traders.......TSL to cost for NF at 6567........can touch 6555 NF....or book at 6578/ 6582..... |
i exited at 6572.5...now shall buy at 6550-6555 region...lets see.....
had forefarned of falling day...but never would go for shorts.....unless NF below 6499 |
wonderful line reading....just when was writing....now again bought at 6551.....stop 20 points down. |
remember 6525 NS or 6520 is the support for "bull trend" short term.....only break of 6520/6515 NS would mean a sideways market for me......
but still snipe the 6551 trade for 10-15 points gain....better traders can wait for more
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #673 Posted: Tue Mar 18, 2014 1:57 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | sniper traders.......TSL to cost for NF at 6567........can touch 6555 NF....or book at 6578/ 6582..... |
i exited at 6572.5...now shall buy at 6550-6555 region...lets see.....
had forefarned of falling day...but never would go for shorts.....unless NF below 6499 |
wonderful line reading....just when was writing....now again bought at 6551.....stop 20 points down. |
remember 6525 NS or 6520 is the support for "bull trend" short term.....only break of 6520/6515 NS would mean a sideways market for me......
as mentioned in another thread...sniped at 6555....and now no positions...wondering whether to buy 6515 NS support?
could handle the down day perfectly on long side [view] 6499 Spot can be touched if remaining below 6520....
but still snipe the 6551 trade for 10-15 points gain....better traders can wait for more |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #674 Posted: Tue Mar 18, 2014 2:06 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | sniper traders.......TSL to cost for NF at 6567........can touch 6555 NF....or book at 6578/ 6582..... |
i exited at 6572.5...now shall buy at 6550-6555 region...lets see.....
had forefarned of falling day...but never would go for shorts.....unless NF below 6499 |
wonderful line reading....just when was writing....now again bought at 6551.....stop 20 points down. |
remember 6525 NS or 6520 is the support for "bull trend" short term.....only break of 6520/6515 NS would mean a sideways market for me......
as mentioned in another thread...sniped at 6555....and now no positions...wondering whether to buy 6515 NS support?
could handle the down day perfectly on long side [view] 6499 Spot can be touched if remaining below 6520....
but still snipe the 6551 trade for 10-15 points gain....better traders can wait for more |
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live commentary....6499 touched....oh....6499 NF is "sell signal"....shorters pls wait still
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #675 Posted: Tue Mar 18, 2014 3:07 pm Post subject: |
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| amitagg wrote: | | Buying Zee above 280-281 for target 285.5/287/290....C&H....and moving into the "channel" on 30D given the monthly move within "channel" - see 3 charts attached...stop 275... |
went down purely "academic"... wanted to trade but had entered NF and Yes bank in morning.....doing well currently at 283 midst down market......poised critically....
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