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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: #721  Posted: Fri Mar 28, 2014 2:04 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | i have been posting longs on Bharti since 295...now 315...to go to 328
Rcom 115....above 120...now 128...t go to 133
Yes bank since 370.....now 405....
Tata global - no move
now look at Idea cellular [very nice support is remains above 136-137.....and when break 141 zoom to 148
... and Rinfra still.... above 433...target 443/447 |
and since tata global had no move....just 5 mins back moved from 143 to 147....and a good buy now to 153+  |
keep watching Idea....about to give way....below 136 bad....above 141...excellant..."shakeout happening"
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #722 Posted: Fri Mar 28, 2014 2:09 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | i have been posting longs on Bharti since 295...now 315...to go to 328
Rcom 115....above 120...now 128...t go to 133
Yes bank since 370.....now 405....
Tata global - no move
now look at Idea cellular [very nice support is remains above 136-137.....and when break 141 zoom to 148
... and Rinfra still.... above 433...target 443/447 |
and since tata global had no move....just 5 mins back moved from 143 to 147....and a good buy now to 153+ |
keep watching Idea....about to give way....below 136 bad....above 141...excellant..."shakeout happening" |
while this should hold good for longs...since scrip has not risen.....markets can give a shakeout down.....just when looking good....
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #723 Posted: Fri Mar 28, 2014 3:29 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | i have been posting longs on Bharti since 295...now 315...to go to 328
Rcom 115....above 120...now 128...t go to 133
Yes bank since 370.....now 405....
Tata global - no move
now look at Idea cellular [very nice support is remains above 136-137.....and when break 141 zoom to 148
... and Rinfra still.... above 433...target 443/447 |
and since tata global had no move....just 5 mins back moved from 143 to 147....and a good buy now to 153+ |
keep watching Idea....about to give way....below 136 bad....above 141...excellant..."shakeout happening" |
while this should hold good for longs...since scrip has not risen.....markets can give a shakeout down.....just when looking good.... |
now exited longs....good timing may be...prepared for shorts... 
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #724 Posted: Fri Mar 28, 2014 3:35 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | i have been posting longs on Bharti since 295...now 315...to go to 328
Rcom 115....above 120...now 128...t go to 133
Yes bank since 370.....now 405....
Tata global - no move
now look at Idea cellular [very nice support is remains above 136-137.....and when break 141 zoom to 148
... and Rinfra still.... above 433...target 443/447 |
and since tata global had no move....just 5 mins back moved from 143 to 147....and a good buy now to 153+ |
keep watching Idea....about to give way....below 136 bad....above 141...excellant..."shakeout happening" |
while this should hold good for longs...since scrip has not risen.....markets can give a shakeout down.....just when looking good.... |
now exited longs....good timing may be...prepared for shorts...
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market is king and goes/going/ [gone??] "longggggggggggg" distances.......
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #725 Posted: Fri Mar 28, 2014 8:23 pm Post subject: |
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In bull markets, which I have been speaking about since Dec (2013) and forwarning all shorters at each stage, in now becomes easy (even for a layman) to say "buy for this level" and seeing the target touched ...it is now to "churning" and seeing pockets of underperforance....not speaking like anchors but actually seeking to identify stocks where moves yet to happen...good names...
The skill lies in reversing the short positions taken at particular levels (if at all)...and preparing for a contra move by building shorts (which shall be more unexpected rather than expected...)....
the bull run (even for short term) is not to complete in "single day" and lots of buys would exist (to hedge any shorts) in terms of these select shares which are up in morning trades....let's see and come to specifics later...
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #726 Posted: Fri Mar 28, 2014 9:58 pm Post subject: |
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| amitagg wrote: | In bull markets, which I have been speaking about since Dec (2013) and forwarning all shorters at each stage, in now becomes easy (even for a layman) to say "buy for this level" and seeing the target touched ...it is now to "churning" and seeing pockets of underperforance....not speaking like anchors but actually seeking to identify stocks where moves yet to happen...good names...
The skill lies in reversing the short positions taken at particular levels (if at all)...and preparing for a contra move by building shorts (which shall be more unexpected rather than expected...)....
the bull run (even for short term) is not to complete in "single day" and lots of buys would exist (to hedge any shorts) in terms of these select shares which are up in morning trades....let's see and come to specifics later... |
Attaching Bhel chart to show how bull market can continue to 7800+ in nxt year or show and stocks to particpate with interest rate fall etc.....just one example.....204 now target and oscillation to 176+ and then ....breaking past 210 etc etc.....
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #727 Posted: Fri Mar 28, 2014 10:12 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | In bull markets, which I have been speaking about since Dec (2013) and forwarning all shorters at each stage, in now becomes easy (even for a layman) to say "buy for this level" and seeing the target touched ...it is now to "churning" and seeing pockets of underperforance....not speaking like anchors but actually seeking to identify stocks where moves yet to happen...good names...
The skill lies in reversing the short positions taken at particular levels (if at all)...and preparing for a contra move by building shorts (which shall be more unexpected rather than expected...)....
the bull run (even for short term) is not to complete in "single day" and lots of buys would exist (to hedge any shorts) in terms of these select shares which are up in morning trades....let's see and come to specifics later... |
Attaching Bhel chart to show how bull market can continue to 7800+ in nxt year or show and stocks to particpate with interest rate fall etc.....just one example.....204 now target and oscillation to 176+ and then ....breaking past 210 etc etc..... |
after seeing some charts like Idea, Rcom, Bharti, Lic HSf, even SBI [risky play], reliance infra, reliance capital, expect not to be bearish.....some have a long way to go like rcap, rinfra, bhel, ......but one resistance pending.....not today's closing highs but some points above......hence market would pause at 6822/6717 [EW 5th wave targets]+..... for 100-150-200 points "consolidation"......
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #728 Posted: Fri Mar 28, 2014 10:20 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | In bull markets, which I have been speaking about since Dec (2013) and forwarning all shorters at each stage, in now becomes easy (even for a layman) to say "buy for this level" and seeing the target touched ...it is now to "churning" and seeing pockets of underperforance....not speaking like anchors but actually seeking to identify stocks where moves yet to happen...good names...
The skill lies in reversing the short positions taken at particular levels (if at all)...and preparing for a contra move by building shorts (which shall be more unexpected rather than expected...)....
the bull run (even for short term) is not to complete in "single day" and lots of buys would exist (to hedge any shorts) in terms of these select shares which are up in morning trades....let's see and come to specifics later... |
Attaching Bhel chart to show how bull market can continue to 7800+ in nxt year or show and stocks to particpate with interest rate fall etc.....just one example.....204 now target and oscillation to 176+ and then ....breaking past 210 etc etc..... |
after seeing some charts like Idea, Rcom, Bharti, Lic HSf, even SBI [risky play], reliance infra, reliance capital, expect not to be bearish.....some have a long way to go like rcap, rinfra, bhel, ......but one resistance pending.....not today's closing highs but some points above......hence market would pause at 6822/6717 [EW 5th wave targets]+..... for 100-150-200 points "consolidation"...... |
attaching another chart of Rinfra [very bullish for LT "sustaining" above 450] to show basing Long term for cyclicals which shall do exceedingly well over next 2-3 years......timing [long term] is right for much more upmoves...
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #729 Posted: Mon Mar 31, 2014 10:12 am Post subject: |
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Idea given breakout......now long....alongwith accumulation in NTPC and other power stocks....
Idea target 147/153...stop 140 / 137 [safe]
NTPC target 127.5/133...stop 119
| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | i have been posting longs on Bharti since 295...now 315...to go to 328
Rcom 115....above 120...now 128...t go to 133
Yes bank since 370.....now 405....
Tata global - no move
now look at [b]Idea cellular [very nice support is remains above 136-137.....and when break 141 zoom to 148[/b]
... and Rinfra still.... above 433...target 443/447 |
and since tata global had no move....just 5 mins back moved from 143 to 147....and a good buy now to 153+ |
keep watching Idea....about to give way....below 136 bad....above 141...excellant..."shakeout happening" |
while this should hold good for longs...since scrip has not risen.....markets can give a shakeout down.....just when looking good.... |
now exited longs....good timing may be...prepared for shorts...
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market is king and goes/going/ [gone??] "longggggggggggg" distances....... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #730 Posted: Mon Mar 31, 2014 2:54 pm Post subject: |
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| amitagg wrote: | i have been posting longs on Bharti since 295...now 315...to go to 328
Rcom 115....above 120...now 128...t go to 133
Yes bank since 370.....now 405....
Tata global - no move
now look at Idea cellular [very nice support is remains above 136-137.....and when break 141 zoom to 148
... and Rinfra still.... above 433...target 443/447 |
Rcom moved to 133 approx.
Bharti moved to 328 approx....
rinfra moved to 447approv....
all targets done....then reacted.....
[didnt trade]
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #731 Posted: Mon Mar 31, 2014 2:55 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | i have been posting longs on Bharti since 295...now 315...to go to 328
Rcom 115....above 120...now 128...t go to 133
Yes bank since 370.....now 405....
Tata global - no move
now look at Idea cellular [very nice support is remains above 136-137.....and when break 141 zoom to 148
... and Rinfra still.... above 433...target 443/447 |
and since tata global had no move....just 5 mins back moved from 143 to 147....and a good buy now to 153+ |
further to below post, tata gobal also touched 153....all 4 futures prices....
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #732 Posted: Mon Mar 31, 2014 2:57 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | i have been posting longs on Bharti since 295...now 315...to go to 328
Rcom 115....above 120...now 128...t go to 133
Yes bank since 370.....now 405....
Tata global - no move
now look at Idea cellular [very nice support is remains above 136-137.....and when break 141 zoom to 148
... and Rinfra still.... above 433...target 443/447 |
and since tata global had no move....just 5 mins back moved from 143 to 147....and a good buy now to 153+ |
further to below post, tata gobal also touched 153....all 4 futures prices.... |
Rcom moved to 133 approx.
Bharti moved to 328 approx....
rinfra moved to 447approv....
holding Idea and NTPC longs
....NTPC looking good for short / medium term....strong support at 115/116 levels....move likely t 127.5/133/138
...idea will give breakdown below 136 so strict SL to be maintained...[since it failed to move past 141 as posted last week, still sideways....] - likely 147/151 shall be touched
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #733 Posted: Mon Mar 31, 2014 3:02 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | i have been posting longs on Bharti since 295...now 315...to go to 328
Rcom 115....above 120...now 128...t go to 133
Yes bank since 370.....now 405....
Tata global - no move
now look at Idea cellular [very nice support is remains above 136-137.....and when break 141 zoom to 148
... and Rinfra still.... above 433...target 443/447 |
and since tata global had no move....just 5 mins back moved from 143 to 147....and a good buy now to 153+ |
further to below post, tata gobal also touched 153....all 4 futures prices.... |
Rcom moved to 133 approx.
Bharti moved to 328 approx....
rinfra moved to 447approv....
holding Idea and NTPC longs
....NTPC looking good for short / medium term....strong support at 115/116 levels....move likely t 127.5/133/138
...idea will give breakdown below 136 so strict SL to be maintained...[since it failed to move past 141 as posted last week, still sideways....] - likely 147/151 shall be touched |
also bought Rcom one lot at 128.5 [SL bu bid at 127 for another] stop 124 target 135/142......futures
buying on reaction advisable ...after the breakout...posted chart longer terms earlier.....a current buy and to average [small] a little down....
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #734 Posted: Mon Mar 31, 2014 3:04 pm Post subject: |
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| wonder why the participation in forum was much lower today..........31st March effect.....not trading????
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #735 Posted: Mon Apr 07, 2014 7:35 pm Post subject: |
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Entered long Rcom at 134 today..target 142 stop 129...
Stock looking good for few weeks - idea, irb, hindalco, sslt (all at current values also), bhel around 166...
Again skeptical of serious downturn...in Nifty...since 6650 looking cheap when I have 7200 plus in mind in next 4 months...and market won't move one way..since trading methods are "short"...watching action for next 2 days....especially ADX (and DMs on 60tf)...better to buy 6630 with stop 6560....for target 6850..
Tata motors in short mode until 412 futures breached up...target 403/398/393...(Riskier trade)
Yes bank nearing shorting area (current 430...435/439 shorting stop 447) - intra day trade...selling only after some more rally..
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