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READING THE LINE [DAY TRADERS MIND] - FUTURES ONLY |
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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Post: #766  Posted: Fri May 16, 2014 10:01 pm Post subject: |
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SBI [currently 2420] is facing 2500 daily / weekly resistance .....and a good candidate for shorting on gap up on monday......SL ideally 2491....but in volatile market be prepared to re enter... taget 2390/2320
also whether bearish butterfly, gartley, crab etc [D level must have been hit] ......dynamite can tell....was his chart posted on this...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #767 Posted: Mon May 19, 2014 11:35 am Post subject: |
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| amitagg wrote: | SBI [currently 2420] is facing 2500 daily / weekly resistance .....and a good candidate for shorting on gap up on monday......SL ideally 2491....but in volatile market be prepared to re enter... taget 2390/2320
also whether bearish butterfly, gartley, crab etc [D level must have been hit] ......dynamite can tell....was his chart posted on this...... |
sell call not triggered since sustaining above 2490 ..which was stop loss since morning........hence may be looking for a up breakout in SBI..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #768 Posted: Mon May 19, 2014 1:37 pm Post subject: |
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| amitagg wrote: | | chart of BGR energy taken ysterday......was up 25 Rs or 15-18% today....now 176 [yesterday 150]...much more to go.... |
now 196 ....much more to go
bgr 213....booked 
Last edited by amitagg on Tue May 20, 2014 10:59 am; edited 1 time in total |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #769 Posted: Mon May 19, 2014 1:38 pm Post subject: |
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| amitagg wrote: | | 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...... |
bhel now 250, rinfra 670.....much more to go....for bhel and power/ energy stocks.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #770 Posted: Mon May 19, 2014 1:56 pm Post subject: |
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| amitagg wrote: | | 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 |
still 7260 around.....dont expect a straight climb up unless....we are able to move above 7260...7308.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #771 Posted: Mon May 19, 2014 3:26 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | 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 |
still 7260 around.....dont expect a straight climb up unless....we are able to move above 7260...7308.... |
importance of 7260 level was highlighed before the election result.....markets can gyrate 100-150 points either side....and then revert to this level "again and again"...for some days / weeks....before moving much higher.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #772 Posted: Mon May 19, 2014 3:28 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | 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 |
still 7260 around.....dont expect a straight climb up unless....we are able to move above 7260...7308.... |
importance of 7260 level was highlighed before the election result.....markets can gyrate 100-150 points either side....and then revert to this level "again and again"...for some days / weeks....before moving much higher.... |
Punters can focus on Aban, Uflex, Jain Irrigation etc.....lots of steam left.....in fact rises just starting for the earlier ones.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #773 Posted: Mon May 19, 2014 8:28 pm Post subject: |
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Excellant breaking scrips with volume expansion......
Aban - bought 570...target 690 [50%], 800, 925 ....stop 520
Jain Irrigation - bought 100.5 target 114 [75%] / 145....stop 91...
Uflex bought 93 [small qnty]...target 100... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #774 Posted: Tue May 20, 2014 10:59 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | chart of BGR energy taken ysterday......was up 25 Rs or 15-18% today....now 176 [yesterday 150]...much more to go.... |
now 196 ....much more to go
bgr 213....booked |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #775 Posted: Tue May 20, 2014 11:02 am Post subject: |
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| amitagg wrote: | Excellant breaking scrips with volume expansion......
Aban - bought 570...target 690 [50%], 800, 925 ....stop 520
Jain Irrigation - bought 100.5 target 114 [75%] / 145....stop 91...
Uflex bought 93 [small qnty]...target 100... |
aban 602 up cmp...much more to go...
....jain 114 14% gain ....booked at 111...
uflex holding |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #776 Posted: Tue May 20, 2014 11:22 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | 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 |
still 7260 around.....dont expect a straight climb up unless....we are able to move above 7260...7308.... |
importance of 7260 level was highlighed before the election result.....markets can gyrate 100-150 points either side....and then revert to this level "again and again"...for some days / weeks....before moving much higher.... |
again 7260 ......break or not only to be decided from this level..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #777 Posted: Tue May 20, 2014 3:31 pm Post subject: |
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aban booked 675...up 17% today.
both calls Aban and Jain given yesterday gained 14/17%.....uflex holding....now 99
| amitagg wrote: | | amitagg wrote: | Excellant breaking scrips with volume expansion......
Aban - bought 570...target 690 [50%], 800, 925 ....stop 520
Jain Irrigation - bought 100.5 target 114 [75%] / 145....stop 91...
Uflex bought 93 [small qnty]...target 100... |
aban 602 up cmp...much more to go...
....jain 114 14% gain ....booked at 111...
uflex holding |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #778 Posted: Tue May 20, 2014 6:49 pm Post subject: |
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| great going..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #779 Posted: Wed May 21, 2014 11:43 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | 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 |
still 7260 around.....dont expect a straight climb up unless....we are able to move above 7260...7308.... |
importance of 7260 level was highlighed before the election result.....markets can gyrate 100-150 points either side....and then revert to this level "again and again"...for some days / weeks....before moving much higher.... |
again 7260 ......break or not only to be decided from this level..... |
still boring 7260 levels.......for me break [or holding] support of rinfra [705-708] and rcap [510-515] at current intra day major supports shall decide the trend..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #780 Posted: Wed May 21, 2014 1:17 pm Post subject: |
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if we are still in bull grip, 7240/7244 NF shall be protected...slow falls shall suggest bullishness.....lets see
.....or 7180-7200 NS ... |
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