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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: #811  Posted: Wed Jun 18, 2014 2:55 pm Post subject: |
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| NS below 7610 is 'not bullish' for next few days action based on previous weeks pivots......and good RR for shorts.....but riskier trade |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #812 Posted: Thu Jun 19, 2014 11:34 am Post subject: |
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| amitagg wrote: | | NS below 7610 is 'not bullish' for next few days action based on previous weeks pivots......and good RR for shorts.....but riskier trade |
as expected high of 7606....NF not been able to sustain 7620....and the fall....to trade in small quantities ...again had budget not been there for them to whipsaw the retail, we would have traded larger..... |
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amitagg
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Posts: 4559
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| Post: #813 Posted: Thu Jun 19, 2014 2:27 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | NS below 7610 is 'not bullish' for next few days action based on previous weeks pivots......and good RR for shorts.....but riskier trade |
as expected high of 7606....NF not been able to sustain 7620....and the fall....to trade in small quantities ...again had budget not been there for them to whipsaw the retail, we would have traded larger..... |
why cant the market give a 75 point fall despite the "induced" reluctance to sell....at lows.... |
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amitagg
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| Post: #814 Posted: Thu Jun 19, 2014 2:30 pm Post subject: |
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| still to be careful shorts...TSL at below cost....gap up opening tomorrow shall mean rise entire day.....or a decent fall in next hr.... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #815 Posted: Mon Jun 23, 2014 2:05 pm Post subject: |
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[quote="amitagg"] | amitagg wrote: | | amitagg wrote: | | 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...... |
this shold hold now.....for end of series.......in my view |
Profit booking by professionals in professional way....... Only budget and very high announcements holding up the market..... Though 8300 shall be hit in next rally....market should move down after budget.....June expiry can still be at 7625/7642 or 7457..... |
7457 now...was not expected on June 13th...... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #816 Posted: Mon Jun 23, 2014 2:13 pm Post subject: |
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| Bought July 7800 call option @ 70.....2 lots...with pending buys at 60/50.. |
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hardik0007
White Belt
Joined: 16 Mar 2011
Posts: 53
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| Post: #817 Posted: Mon Jun 23, 2014 2:35 pm Post subject: |
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| amitagg wrote: | | Bought July 7800 call option @ 70.....2 lots...with pending buys at 60/50.. |
I bot NF@7490 with DL sl |
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amitagg
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Posts: 4559
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| Post: #818 Posted: Mon Jun 23, 2014 7:44 pm Post subject: |
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| amitagg wrote: | | Bought July 7800 call option @ 70.....2 lots...with pending buys at 60/50.. |
Also bought gmr infra IRB unitech hdil dish TV uflex in cash small quantities..... Shall keep adding in any " breakdown" intra day of any significant support other scrips as we'll..... Only dish v technicals tracked for buying |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #819 Posted: Tue Jun 24, 2014 10:51 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | Bought July 7800 call option @ 70.....2 lots...with pending buys at 60/50.. |
Also bought "gmr infra IRB unitech hdil dish TV uflex" in cash small quantities..... Shall keep adding in any " breakdown" intra day of any significant support other scrips as we'll..... Only dish v technicals tracked for buying |
also added "Edelweiss Praj Punj Rolta BGR"...in cash small qnty. |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #820 Posted: Tue Jun 24, 2014 2:30 pm Post subject: |
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| yesterday AB=CD retracement was over at 7440 NF/ NS and hence the upmove....being expiry...i would expect 7593 to be held and difficult to cross " except by a gap up" tomorrow......buy on dips till 7535 NS taken out on downside............ |
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amitagg
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Posts: 4559
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| Post: #821 Posted: Wed Jun 25, 2014 9:49 am Post subject: |
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| i shall exit m long position on inability to move past 7590 spot and hrly low break...or slightly earlier |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #822 Posted: Wed Jun 25, 2014 2:03 pm Post subject: |
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| amitagg wrote: | | Bought July 7800 call option @ 70.....2 lots...with pending buys at 60/50.. |
had exited at 83.....
now bought July 7700 call [127] & 7500 put [115] @ 242 total..... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #823 Posted: Thu Jun 26, 2014 11:56 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | Bought July 7800 call option @ 70.....2 lots...with pending buys at 60/50.. |
had exited at 83.....
now bought July 7700 call [127] & 7500 put [115] @ 242 total..... |
sold 7300 put @ 62....agains the same qnty....TC=180....
July range: 7225-7930 |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #824 Posted: Thu Jun 26, 2014 2:28 pm Post subject: |
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May be only EW can throw light as to whether 7440 spot can be breached to target minimum 7370 and most likely 7260....or up to 7700+ again.....on monthly scale there is consolidation at highs which has to be bought into on positional not swing or intra day basis........
next 2-3 days shall amply tell the direction........
one possibility is gyration around 7400-7600 with extremes as 7300-7700 for another month so that MAs can catch up.......more likely scenario
given the results cum monsonn bla bla and budget and technical "contraction or no breakout" in this expiry, even the reverse is possible.......likely on upside...... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #825 Posted: Fri Jun 27, 2014 10:23 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | Bought July 7800 call option @ 70.....2 lots...with pending buys at 60/50.. |
had exited at 83.....
now bought July 7700 call [127] & 7500 put [115] @ 242 total..... |
sold 7300 put @ 62....agains the same qnty....TC=180....
July range: 7225-7930 |
exited as mentioned in morning at cost the long futures based on Rahul's sell method triggers and inability to sustain Jt's 7530 levels....though above 7470 still may be bullish as per JT method....but buying advised sustaining above 7530 spot.....
so exited the short 7300 call also......
still holding 7700 +7500 put @242 purchased......shall decide post budget.....expect volatility and range expansion after a weeks time.... |
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