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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: #781  Posted: Thu May 22, 2014 12:27 pm Post subject: |
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| if market remains up after 1.30 pm....expect a day long Nifty up...."slow rise"....if intra day NS goes sideways from now ....then anything can happen......a buy with close SL |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #782 Posted: Thu May 22, 2014 1:45 pm Post subject: |
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| amitagg wrote: | | if market remains up after 1.30 pm....expect a day long Nifty up...."slow rise"....if intra day NS goes sideways from now ....then anything can happen......a buy with close SL |
rcap and rinfra and slow Nifty rise indicating that market is up and up....do not have any shorts.....go long ....
titan can therefore react on downside if market goes up [contra scrips]...showing intra day break...
Buy RCap for delivery....stop 520... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #783 Posted: Thu May 22, 2014 4:03 pm Post subject: |
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| amitagg wrote: | | 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..... |
today also it was only 7260 spot that was touched on downside.....matter much likely to be resolved up.....all longs should be held....till end of June.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #784 Posted: Mon May 26, 2014 7:52 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | 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..... |
today also it was only 7260 spot that was touched on downside.....matter much likely to be resolved up.....all longs should be held....till end of June.... |
matter was resolved up......and [with subsequent fall] now the timing for positive returns shall increase...... very good market to trade |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #785 Posted: Thu May 29, 2014 1:22 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | 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..... |
today also it was only 7260 spot that was touched on downside.....matter much likely to be resolved up.....all longs should be held....till end of June.... |
matter was resolved up......and [with subsequent fall] now the timing for positive returns shall increase...... very good market to trade |
the power of 7260 is showing.....i expect i very short term move up from 7257 [calculated few days back] level...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #786 Posted: Fri May 30, 2014 10:58 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | 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..... |
today also it was only 7260 spot that was touched on downside.....matter much likely to be resolved up.....all longs should be held....till end of June.... |
matter was resolved up......and [with subsequent fall] now the timing for positive returns shall increase...... very good market to trade |
the power of 7260 is showing.....i expect i very short term move up from 7257 [calculated few days back] level...... |
nifty though kissing 7260 again and again unable to hold up...and hence a move down to 7130 is expected...stop 7330 Spot for positional traders....inability to remain 20-30 points below 7260 would be sign of strength for broader market..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #787 Posted: Fri May 30, 2014 11:23 am Post subject: |
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| shorted 7300 call @ 110....stop 7330 NS |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #788 Posted: Fri May 30, 2014 2:25 pm Post subject: |
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| amitagg wrote: | | shorted 7300 call @ 110....stop 7330 NS |
booked 50% at 91 TSL to cost....... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #789 Posted: Fri May 30, 2014 2:39 pm Post subject: |
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| Taken profits in future short position @7242.....shall reenter below 7230.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #790 Posted: Fri May 30, 2014 3:15 pm Post subject: |
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| amitagg wrote: | | Taken profits in future short position @7242.....shall reenter below 7230.... |
....
not entered.....since end of day... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #791 Posted: Fri May 30, 2014 3:35 pm Post subject: |
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Bought Lupin futures at 943.....stop 92 futures
......target 965/ 970/ 988 [H& S inverse above 938 spot....failed down spike on intra day yesterday.....] ...at WA of 935.....etc....
about to break like other pharma ones....up |
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amitagg76
White Belt
Joined: 31 May 2014
Posts: 6
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| Post: #792 Posted: Fri Jun 06, 2014 7:07 pm Post subject: |
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Expecting 7670 as resistance due to
-5116*1.5
- 7223/7260+400 (50 percent of last expiry)
- top of post Election Day values
- alternation of contraction and expansion theory
- euphoria ( shorts already squeezed at 7360 and 7450)
- Fibonacci target 5700+ 1.618*(6300-5100)
We shall see the magic of these......weak hands shall buy the stops above 7650......not the professionals...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #793 Posted: Fri Jun 06, 2014 7:46 pm Post subject: |
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| amitagg76 wrote: | Expecting 7670 as resistance due to
-5116*1.5
- 7223/7260+400 (50 percent of last expiry)
- top of post Election Day values
- alternation of contraction and expansion theory
- euphoria ( shorts already squeezed at 7360 and 7450)
- Fibonacci target 5700+ 1.618*(6300-5100)
We shall see the magic of these......weak hands shall buy the stops above 7650......not the professionals...... |
The stretched target of this rally without pause is 7930. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #794 Posted: Sat Jun 07, 2014 2:26 pm Post subject: |
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How come 2 amitagg in IC 
Amit, any logic behind your level of 7930 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #795 Posted: Sat Jun 07, 2014 4:04 pm Post subject: |
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| 49% (sqr of 7) above low of 5118 in sept is 5626 but sometimes it can go intraday more than that. |
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