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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: #736  Posted: Wed Apr 09, 2014 6:25 pm Post subject: |
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| amitagg wrote: | 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.. |
tata motors and yes bank...tried shorts...exited on hourly highs....one lot shorted yes bank late at 449.....riskier...resistance 457/466....466 area to be shorted......tata motors mentioned in another thread....
was long in Nifty and gained....
has posted 6828 NS as one target earlier.....if 6828 breached on weekly basis....targetting 7020-7090....which is my final EW projection for this leg of the rally to be followed by 300-400 points fall...... calculated as =(6415-5700)*1.618+5933 |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #737 Posted: Fri Apr 11, 2014 12:03 pm Post subject: |
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| bought 6800 put at 68...stop 63...target 77/82/87 |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #738 Posted: Fri Apr 11, 2014 3:18 pm Post subject: |
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| amitagg wrote: | | bought 6800 put at 68...stop 63...target 77/82/87 |
sl hit....bought 53 sold 58......
53 is surge area of yeserday and good support.....after many 60tf hrly consolidation yesterday......above 63 shall again target 73/82.......
market still not giving direction.....is not in uptrend still....likely to move lower for me on Monday... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #739 Posted: Fri Apr 11, 2014 3:34 pm Post subject: |
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5th of 5th seems complete at 6862.....it seems.....market to test 6693-6700 [top of 4th....and move back to 6770] and then decide.......
now is sideways trend so better to "sell rallies" and not expect a continuos rally as earlier.......
6750 shall be pivot and market likely to move 50 points on both directions...... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #740 Posted: Fri Apr 11, 2014 5:43 pm Post subject: |
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| amitagg wrote: | 5th of 5th seems complete at 6862.....it seems.....market to test 6693-6700 [top of 4th....and move back to 6770] and then decide.......
now is sideways trend so better to "sell rallies" and not expect a continuos rally as earlier.......
6750 shall be pivot and market likely to move 50 points on both directions...... |
6800 put can open at 68...current 61.....can be bought after one hour if above 70 for target 77/84.....[see the minor trendline break starting from beginnging happending 2nd time and restest of support at 50-53.....so either range trade between 49-76....or push till 88 50% retrace of last fall.....very likely.....followed by gap target at 99
market EW analysys can test.....count the 5th wave [starting from 6508] of wave starting from 5933....and target is 6860...etc....likely break of 34ema, below 6755 100 sma 30 point filted shall confirm sell....
6745-6765 NF shall see stiff support........market likely to fall till 6755 minimum NF.....
trading shall depend upon open..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #741 Posted: Tue Apr 15, 2014 10:47 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | 5th of 5th seems complete at 6862.....it seems.....market to test 6693-6700 [top of 4th....and move back to 6770] and then decide.......
now is sideways trend so better to "sell rallies" and not expect a continuos rally as earlier.......
6750 shall be pivot and market likely to move 50 points on both directions...... |
6800 put can open at 68...current 61.....can be bought after one hour if above 70 for target 77/84.....[see the minor trendline break starting from beginnging happending 2nd time and restest of support at 50-53.....so either range trade between 49-76....or push till 88 50% retrace of last fall.....very likely.....followed by gap target at 99
market EW analysys can test.....count the 5th wave [starting from 6508] of wave starting from 5933....and target is 6860...etc....likely break of 34ema, below 6755 100 sma 30 point filted shall confirm sell....
6745-6765 NF shall see stiff support........market likely to fall till 6755 minimum NF.....
trading shall depend upon open..... |
direction as mentioned.....6693-6700 NF pending on downside ... however bullish intra day above 6762 NF....for small upside.... tradind market ...buy lows till 6680....or buy above 6762 [sustaining] |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #742 Posted: Tue Apr 15, 2014 4:39 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | 5th of 5th seems complete at 6862.....it seems.....market to test 6693-6700 [top of 4th....and move back to 6770] and then decide.......
now is sideways trend so better to "sell rallies" and not expect a continuos rally as earlier.......
6750 shall be pivot and market likely to move 50 points on both directions...... |
6800 put can open at 68...current 61.....can be bought after one hour if above 70 for target 77/84.....[see the minor trendline break starting from beginnging happending 2nd time and restest of support at 50-53.....so either range trade between 49-76....or push till 88 50% retrace of last fall.....very likely.....followed by gap target at 99
market EW analysys can test.....count the 5th wave [starting from 6508] of wave starting from 5933....and target is 6860...etc....likely break of 34ema, below 6755 100 sma 30 point filted shall confirm sell....
6745-6765 NF shall see stiff support........market likely to fall till 6755 minimum NF.....
trading shall depend upon open..... |
direction as mentioned.....6693-6700 NF pending on downside ... however bullish intra day above 6762 NF....for small upside.... tradind market ...buy lows till 6680....or buy above 6762 [sustaining] |
buying NF at 6695/6705....or above 6775....[50%] ....balance at 6640-6650... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #743 Posted: Wed Apr 16, 2014 1:01 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | 5th of 5th seems complete at 6862.....it seems.....market to test 6693-6700 [top of 4th....and move back to 6770] and then decide.......
now is sideways trend so better to "sell rallies" and not expect a continuos rally as earlier.......
6750 shall be pivot and market likely to move 50 points on both directions...... |
6800 put can open at 68...current 61.....can be bought after one hour if above 70 for target 77/84.....[see the minor trendline break starting from beginnging happending 2nd time and restest of support at 50-53.....so either range trade between 49-76....or push till 88 50% retrace of last fall.....very likely.....followed by gap target at 99
market EW analysys can test.....count the 5th wave [starting from 6508] of wave starting from 5933....and target is 6860...etc....likely break of 34ema, below 6755 100 sma 30 point filted shall confirm sell....
6745-6765 NF shall see stiff support........market likely to fall till 6755 minimum NF.....
trading shall depend upon open..... |
direction as mentioned.....6693-6700 NF pending on downside ... however bullish intra day above 6762 NF....for small upside.... tradind market ...buy lows till 6680....or buy above 6762 [sustaining] |
buying NF at 6695/6705....or above 6775....[50%] ....balance at 6640-6650... |
reaching bottom - buy and average 30 points down....till 6780NF......its time to buy [not intra day profit]....not sell.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #744 Posted: Wed Apr 16, 2014 2:59 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | 5th of 5th seems complete at 6862.....it seems.....market to test 6693-6700 [top of 4th....and move back to 6770] and then decide.......
now is sideways trend so better to "sell rallies" and not expect a continuos rally as earlier.......
6750 shall be pivot and market likely to move 50 points on both directions...... |
6800 put can open at 68...current 61.....can be bought after one hour if above 70 for target 77/84.....[see the minor trendline break starting from beginnging happending 2nd time and restest of support at 50-53.....so either range trade between 49-76....or push till 88 50% retrace of last fall.....very likely.....followed by gap target at 99
market EW analysys can test.....count the 5th wave [starting from 6508] of wave starting from 5933....and target is 6860...etc....likely break of 34ema, below 6755 100 sma 30 point filted shall confirm sell....
6745-6765 NF shall see stiff support........market likely to fall till 6755 minimum NF.....
trading shall depend upon open..... |
direction as mentioned.....6693-6700 NF pending on downside ... however bullish intra day above 6762 NF....for small upside.... tradind market ...buy lows till 6680....or buy above 6762 [sustaining] |
buying NF at 6695/6705....or above 6775....[50%] ....balance at 6640-6650... |
reaching bottom - buy and average 30 points down....till 6780NF......its time to buy [not intra day profit]....not sell.... |
market near supports.....uptrend or sideways consolidation [currently at bottom +- 40 points] can start in next couple of days........ |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #745 Posted: Wed Apr 16, 2014 3:16 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | 5th of 5th seems complete at 6862.....it seems.....market to test 6693-6700 [top of 4th....and move back to 6770] and then decide.......
now is sideways trend so better to "sell rallies" and not expect a continuos rally as earlier.......
6750 shall be pivot and market likely to move 50 points on both directions...... |
6800 put can open at 68...current 61.....can be bought after one hour if above 70 for target 77/84.....[see the minor trendline break starting from beginnging happending 2nd time and restest of support at 50-53.....so either range trade between 49-76....or push till 88 50% retrace of last fall.....very likely.....followed by gap target at 99
market EW analysys can test.....count the 5th wave [starting from 6508] of wave starting from 5933....and target is 6860...etc....likely break of 34ema, below 6755 100 sma 30 point filted shall confirm sell....
6745-6765 NF shall see stiff support........market likely to fall till 6755 minimum NF.....
trading shall depend upon open..... |
direction as mentioned.....6693-6700 NF pending on downside ... however bullish intra day above 6762 NF....for small upside.... tradind market ...buy lows till 6680....or buy above 6762 [sustaining] |
buying NF at 6695/6705....or above 6775....[50%] ....balance at 6640-6650... |
reaching bottom - buy and average 30 points down....till 6780NF......its time to buy [not intra day profit]....not sell.... |
market near supports.....uptrend or sideways consolidation [currently at bottom +- 40 points] can start in next couple of days........ |
bought NF at 6695..........stop 30 points......target 6710 NS... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #746 Posted: Wed Apr 16, 2014 3:24 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | 5th of 5th seems complete at 6862.....it seems.....market to test 6693-6700 [top of 4th....and move back to 6770] and then decide.......
now is sideways trend so better to "sell rallies" and not expect a continuos rally as earlier.......
6750 shall be pivot and market likely to move 50 points on both directions...... |
6800 put can open at 68...current 61.....can be bought after one hour if above 70 for target 77/84.....[see the minor trendline break starting from beginnging happending 2nd time and restest of support at 50-53.....so either range trade between 49-76....or push till 88 50% retrace of last fall.....very likely.....followed by gap target at 99
market EW analysys can test.....count the 5th wave [starting from 6508] of wave starting from 5933....and target is 6860...etc....likely break of 34ema, below 6755 100 sma 30 point filted shall confirm sell....
6745-6765 NF shall see stiff support........market likely to fall till 6755 minimum NF.....
trading shall depend upon open..... |
direction as mentioned.....6693-6700 NF pending on downside ... however bullish intra day above 6762 NF....for small upside.... tradind market ...buy lows till 6680....or buy above 6762 [sustaining] |
buying NF at 6695/6705....or above 6775....[50%] ....balance at 6640-6650... |
reaching bottom - buy and average 30 points down....till 6780NF......its time to buy [not intra day profit]....not sell.... |
market near supports.....uptrend or sideways consolidation [currently at bottom +- 40 points] can start in next couple of days........ |
bought NF at 6695..........stop 30 points......target 6710 NS... |
bought 6700 call at 43.....stop 6620 NS. [or close to "zero"]......or 2 days.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #747 Posted: Wed Apr 16, 2014 7:54 pm Post subject: |
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breaking 6650 NS shall not be swift or easy.....6623 previous expiry....?.....so 6650 shall offer support and buy intra day on dips advised.....a contra trend position ......
6650 is iv wave support?....and break would mean ABC to unfold from 6819.....we are currently in A for that matter......break of 6650 would mean on 2 consecutive closings that uptrend from here towards any level below 6819 shall be B wave with C to unfold at 6560-6415........
hence 6650 support critical for the market.....as usual, likely that shorts at 6650-6700 NS will be sucked at this level and .......a unforseen gap up squeeze the shorts [swing/ positional]....in end of April / likely early May. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #748 Posted: Thu Apr 17, 2014 10:24 am Post subject: |
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| amitagg wrote: | breaking 6650 NS shall not be swift or easy.....6623 previous expiry....?.....so 6650 shall offer support and buy intra day on dips advised.....a contra trend position ......
6650 is iv wave support?....and break would mean ABC to unfold from 6819.....we are currently in A for that matter......break of 6650 would mean on 2 consecutive closings that uptrend from here towards any level below 6819 shall be B wave with C to unfold at 6560-6415........
hence 6650 support critical for the market.....as usual, likely that shorts at 6650-6700 NS will be sucked at this level and .......a unforseen gap up squeeze the shorts [swing/ positional]....in end of April / likely early May. |
booked call bt 43 at 63 and NF by at 6695 at 6740...  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #749 Posted: Thu Apr 17, 2014 1:52 pm Post subject: |
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| 6768 NS is 66% retrace....needs to hold on to gain by end of day to be out of woods.....NF sustaining above 6770 would show such strength....to target 6825 above...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #750 Posted: Fri Apr 18, 2014 2:35 pm Post subject: |
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| NTPC is a buy with stop 120 and target 131...current 123.........chart is displaying strong institutional accumulation......just price reading...volumes weekly chart etc showing.....a good scrip to trade on buy side on higher volumes..... |
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