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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: #751  Posted: Mon Apr 21, 2014 6:13 pm Post subject: |
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| amitagg wrote: | | 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..... |
added to position today...stop 121.....target 128.5 /133
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #752 Posted: Tue Apr 22, 2014 1:36 pm Post subject: |
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NS can still be in buy above 6770....and sideways if above 6730....and down only below 6670.............likely 6730 shall hold.......i expect sideays moves between 6800-7000 over next 7-10 days.....and then a gap above to 7200- 7300........6850-6950 cannot be cleaned out without a solid gap up.
otherwise good selling opportunities shall come even below 6670.....if something uncertain happens......no need to be short for positional now.....yes intra day shorts can be there....
4500+50%= 6750-6850
5110+50%=7650-7800.......lets see what happens.....
Sold small lot 7000 call put @ 550....it can rise to 650 also.....if NS remains between 6700 and 7200 by 10th May, it shall be okay......even vix rise till 38 assumed current 32.....
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #753 Posted: Wed Apr 23, 2014 4:14 pm Post subject: |
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| amitagg wrote: | NS can still be in buy above 6770....and sideways if above 6730....and down only below 6670.............likely 6730 shall hold.......i expect sideays moves between 6800-7000 over next 7-10 days.....and then a gap above to 7200- 7300........6850-6950 cannot be cleaned out without a solid gap up.
otherwise good selling opportunities shall come even below 6670.....if something uncertain happens......no need to be short for positional now.....yes intra day shorts can be there....
4500+50%= 6750-6850
5110+50%=7650-7800.......lets see what happens.....
Sold small lot 7000 call put @ 550....it can rise to 650 also.....if NS remains between 6700 and 7200 by 10th May, it shall be okay......even vix rise till 38 assumed current 32..... |
NS closed above 6828........likely up down moves in 100-150 points band in next few days ...without clear direction.....
......call put gained 40Rs in single day....a reversal back to nil P&L or above can also come.....holding till 10th.....
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #754 Posted: Mon Apr 28, 2014 10:20 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | NS can still be in buy above 6770....and sideways if above 6730....and down only below 6670.............likely 6730 shall hold.......i expect sideays moves between 6800-7000 over next 7-10 days.....and then a gap above to 7200- 7300........6850-6950 cannot be cleaned out without a solid gap up.
otherwise good selling opportunities shall come even below 6670.....if something uncertain happens......no need to be short for positional now.....yes intra day shorts can be there....
4500+50%= 6750-6850
5110+50%=7650-7800.......lets see what happens.....
Sold small lot 7000 call put @ 550....it can rise to 650 also.....if NS remains between 6700 and 7200 by 10th May, it shall be okay......even vix rise till 38 assumed current 32..... |
NS closed above 6828........likely up down moves in 100-150 points band in next few days ...without clear direction.....
......call put gained 40Rs in single day....a reversal back to nil P&L or above can also come.....holding till 10th..... |
bought [hedge] 6700 put @ 188 [say 200]........ [net inflow 550-200= 350] , breakeven upper range now at 7350 [upside beyond 7350] not protected] and downside protected 100% below 7000 [since 350-300 = 50 net positive in any case].........profit area = 6650-7350.....
current call put 7000 gain = rs 50 [but holding] and taken hedge....
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #755 Posted: Mon Apr 28, 2014 10:21 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | NS can still be in buy above 6770....and sideways if above 6730....and down only below 6670.............likely 6730 shall hold.......i expect sideays moves between 6800-7000 over next 7-10 days.....and then a gap above to 7200- 7300........6850-6950 cannot be cleaned out without a solid gap up.
otherwise good selling opportunities shall come even below 6670.....if something uncertain happens......no need to be short for positional now.....yes intra day shorts can be there....
4500+50%= 6750-6850
5110+50%=7650-7800.......lets see what happens.....
Sold small lot 7000 call put @ 550....it can rise to 650 also.....if NS remains between 6700 and 7200 by 10th May, it shall be okay......even vix rise till 38 assumed current 32..... |
NS closed above 6828........likely up down moves in 100-150 points band in next few days ...without clear direction.....
......call put gained 40Rs in single day....a reversal back to nil P&L or above can also come.....holding till 10th..... |
bought [hedge] 6700 put @ 188 [say 200]........ [net inflow 550-200= 350] , breakeven upper range now at 7350 [upside beyond 7350] not protected] and downside protected 100% below 7000 [since 350-300 = 50 net positive in any case].........profit area = 6650-7350.....
current call put 7000 gain = rs 50 [but holding] and taken hedge....
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amitagg
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Posts: 4559
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| Post: #756 Posted: Tue Apr 29, 2014 10:23 pm Post subject: |
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| nifty moving down for short term as expected........ as per GANN etc....[who amongst us follow this?]....suggest more downtrend ....but i am relatively bullish...and expect this move as "creating space" for longs....and killing retail 7000 buy call premiums .......6650/6580 can be hit in case of volatile moves.....but cannot say with certainty [ie shall not trade for the severe dip...] but would buy the major lows at 6660 and 6570.....or .....on break above salient lower Tf MAs......
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amitagg
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Posts: 4559
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| Post: #757 Posted: Wed Apr 30, 2014 11:29 am Post subject: |
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booked 7000 call at 151 earlier sold 218/222.....profit Rs 70.
332 7000 put sold....trailed SL to 335......and exited hedge at cost
expect market to move up....
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amitagg
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Posts: 4559
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| Post: #758 Posted: Wed Apr 30, 2014 11:47 am Post subject: |
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| amitagg wrote: | booked 7000 call at 151 earlier sold 218/222.....profit Rs 70.
332 7000 put sold....trailed SL to 335......and exited hedge at cost
expect market to move up.... |
Put exited near cost...tsl hit..total profit = 65 points......
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #759 Posted: Wed Apr 30, 2014 2:43 pm Post subject: |
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| amitagg wrote: | | nifty moving down for short term as expected........ as per GANN etc....[who amongst us follow this?]....suggest more downtrend ....but i am relatively bullish...and expect this move as "creating space" for longs....and killing retail 7000 buy call premiums .......6650/6580 can be hit in case of volatile moves.....but cannot say with certainty [ie shall not trade for the severe dip...] but would buy the major lows at 6660 and 6570.....or .....on break above salient lower Tf MAs...... |
target 6570 / 6480 may come as per TA, but i am bullish overall.....so sold call put and exiting timely......
now waiting for bullish reversal......tomorrow shall be sideways.....
as per GAAN, heard was suggesting fall from May2 -8.....already happening.....?????? any GAAN followers.....
Vinay, any take on 7000 call...
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #760 Posted: Mon May 12, 2014 8:07 pm Post subject: |
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SGX +160....7160.....shall look for selling opportunities if comes in mid afternoon at 7194/7261/ 7354......support 7080/7035/6960.....
call behaviour shall be important to decide the continunance of upthrust beyond 7150-7200....a pause in uptrend for 2-3 days is possible after the first 2 hrs of trading......
some months back i had posted 5th wave target of 7090.....and EW projection of 7650/7800 by August 14 specifically.....
there are some GAAN/ range from longer MA, etc. confluences and hurdles at 7150-7350...and likely pause for few weeks at this level.
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #761 Posted: Tue May 13, 2014 12:35 pm Post subject: |
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| amitagg wrote: | SGX +160....7160.....shall look for selling opportunities if comes in mid afternoon at 7194/7261/ 7354......support 7080/7035/6960.....
call behaviour shall be important to decide the continunance of upthrust beyond 7150-7200....a pause in uptrend for 2-3 days is possible after the first 2 hrs of trading......
some months back i had posted 5th wave target of 7090.....and EW projection of 7650/7800 by August 14 specifically.....
there are some GAAN/ range from longer MA, etc. confluences and hurdles at 7150-7350...and likely pause for few weeks at this level. |
7203 instead of first level of 7194 and intra day generated sell profits....a 100 point move can come here and there....7261 is mor important....looks like market tiring for time being.... professionals can generate shorting opportunities...with appropriate RR....on rises...
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #762 Posted: Tue May 13, 2014 2:49 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | SGX +160....7160.....shall look for selling opportunities if comes in mid afternoon at 7194/7261/ 7354......support 7080/7035/6960.....
call behaviour shall be important to decide the continunance of upthrust beyond 7150-7200....a pause in uptrend for 2-3 days is possible after the first 2 hrs of trading......
some months back i had posted 5th wave target of 7090.....and EW projection of 7650/7800 by August 14 specifically.....
there are some GAAN/ range from longer MA, etc. confluences and hurdles at 7150-7350...and likely pause for few weeks at this level. |
7203 instead of first level of 7194 and intra day generated sell profits....a 100 point move can come here and there....7261 is mor important....looks like market tiring for time being.... professionals can generate shorting opportunities...with appropriate RR....on rises... |
shorters would have been successful since afternoon....100 points from top.....suggest not carrying overnight positions....
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #763 Posted: Tue May 13, 2014 7:18 pm Post subject: |
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| amitagg wrote: | | 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... |
bhel today 229-217 , rinfra 590.....bhel long way to go....[despite current poor financials etc.]....infra to do well....since lot of basing is over......
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #764 Posted: Wed May 14, 2014 7:22 pm Post subject: |
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chart of BGR energy taken ysterday......was up 25 Rs or 15-18% today....now 176 [yesterday 150]...much more to go....
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #765 Posted: Fri May 16, 2014 2:29 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | SGX +160....7160.....shall look for selling opportunities if comes in mid afternoon at 7194/7261/ 7354......support 7080/7035/6960.....
call behaviour shall be important to decide the continunance of upthrust beyond 7150-7200....a pause in uptrend for 2-3 days is possible after the first 2 hrs of trading......
some months back i had posted 5th wave target of 7090.....and EW projection of 7650/7800 by August 14 specifically.....
there are some GAAN/ range from longer MA, etc. confluences and hurdles at 7150-7350...and likely pause for few weeks at this level. |
7203 instead of first level of 7194 and intra day generated sell profits....a 100 point move can come here and there....7261 is mor important....looks like market tiring for time being.... professionals can generate shorting opportunities...with appropriate RR....on rises... |
we shall see consolidation in this range....7150-7350....current 7260
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