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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: #826  Posted: Mon Jun 30, 2014 3:29 pm Post subject: |
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Wanted to buy NF above 7530NS but edgeed...entered late and intra day profited with 7624 target achieved like a dot......JT levles and Rita's pivots working [calculated the extreme pivot].....
modified Pk's strategy of cash buying and intra sells....to sell OTM calls at 7620 and booked 7800 call.....7900/8000 looking for greated profits.....shall reenter NF tomorrow on singal....bullish
mo nthly and weekly and daily pivots were in congestion zone and hence the rally...which should be assumed as 'up" until 7530 NS broken.....
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #827 Posted: Tue Jul 01, 2014 2:16 pm Post subject: |
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All calls exited near cost.... Only NF long now positional ... Stop 7570. Target 7775+.
Wow Ritapandit has 8300 target I one month
Jt levels screaming buy
Vinst gone long
Rahul already long
Why wait .......
Hope the breakout from contested pivots will play around this time as well in roaring bull.........
( caution : intra day fall can be there)
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #828 Posted: Tue Jul 01, 2014 9:25 pm Post subject: |
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| amitagg wrote: | All calls exited near cost.... Only NF long now positional ... Stop 7570. Target 7775+.
Wow Ritapandit has 8300 target I one month
Jt levels screaming buy
Vinst gone long
Rahul already long
Why wait .......
Hope the breakout from contested pivots will play around this time as well in roaring bull.........
( caution : intra day fall can be there) |
profit booking for longs advised as under: 35% on opening or around 7700NF, then 7720 NF [first resistance at 7580NS].....then NS target is 7721 [7750 NF], then 7775+.........to trail the longs to cost at opening....if a gap up open
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #829 Posted: Wed Jul 02, 2014 3:21 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | All calls exited near cost.... Only NF long now positional ... Stop 7570. Target 7775+.
Wow Ritapandit has 8300 target I one month
Jt levels screaming buy
Vinst gone long
Rahul already long
Why wait .......
Hope the breakout from contested pivots will play around this time as well in roaring bull.........
( caution : intra day fall can be there) |
booked at 7710 and 7730
......sold 8000 call @ 50 also small qnty...can rise to 60,80, 113 also before getting killed
market shall now have 7755 NS as pivot [ about 7798 NF and like 6260, 7260, 7670, etc.....shall move around this....if it goes 40-50 points above this i.e. 7755 NS then is shall move back to 7755 etc.....]...
profit booking for longs advised as under: 35% on opening or around 7700NF, then 7720 NF [first resistance at 7580NS].....then NS target is 7721 [7750 NF], then 7775+.........to trail the longs to cost at opening....if a gap up open |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #830 Posted: Wed Jul 02, 2014 3:34 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | All calls exited near cost.... Only NF long now positional ... Stop 7570. Target 7775+.
Wow Ritapandit has 8300 target I one month
Jt levels screaming buy
Vinst gone long
Rahul already long
Why wait .......
Hope the breakout from contested pivots will play around this time as well in roaring bull.........
( caution : intra day fall can be there) |
booked at 7710 and 7730
......sold 8000 call @ 50 also small qnty...can rise to 60,80, 113 also before getting killed
market shall now have 7755 NS as pivot [ about 7798 NF and like 6260, 7260, 7670, etc.....shall move around this....if it goes 40-50 points above this i.e. 7755 NS then is shall move back to 7755 etc.....]...
profit booking for longs advised as under: 35% on opening or around 7700NF, then 7720 NF [first resistance at 7580NS].....then NS target is 7721 [7750 NF], then 7775+.........to trail the longs to cost at opening....if a gap up open |
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contrary to perception...one possibility is NS moving in 7720-7755 [these are significant monthly resistances] range with 30 points up and below.........and then falling after budget.......so longs at 7750 levels likely to be trapped for me..... the breakout till 7930 may not happen after all......
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #831 Posted: Wed Jul 02, 2014 8:35 pm Post subject: |
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as mentioned below market would find is difficult to cross 7755 [intra day safe shorts can be taken at thjis spot level]......also 7795NF is showing -WW pattern on "daily" which may turn out to be significant - chart attached....
| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | All calls exited near cost.... Only NF long now positional ... Stop 7570. Target 7775+.
Wow Ritapandit has 8300 target I one month
Jt levels screaming buy
Vinst gone long
Rahul already long
Why wait .......
Hope the breakout from contested pivots will play around this time as well in roaring bull.........
( caution : intra day fall can be there) |
booked at 7710 and 7730
......sold 8000 call @ 50 also small qnty...can rise to 60,80, 113 also before getting killed
market shall now have 7755 NS as pivot [ about 7798 NF and like 6260, 7260, 7670, etc.....shall move around this....if it goes 40-50 points above this i.e. 7755 NS then is shall move back to 7755 etc.....]...
profit booking for longs advised as under: 35% on opening or around 7700NF, then 7720 NF [first resistance at 7580NS].....then NS target is 7721 [7750 NF], then 7775+.........to trail the longs to cost at opening....if a gap up open |
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contrary to perception...one possibility is NS moving in 7720-7755 [these are significant monthly resistances] range with 30 points up and below.........and then falling after budget.......so longs at 7750 levels likely to be trapped for me..... the breakout till 7930 may not happen after all...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #832 Posted: Thu Jul 03, 2014 9:56 am Post subject: |
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| 7774 high and then the fall.... Even retest and sustaining 20-30 points above shall invite profit booking... We are done with rally till budget I would believe..... Till 7755/7830
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #833 Posted: Fri Jul 04, 2014 2:15 pm Post subject: |
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intra trading
all NF levels
7740 above bullish but 7740-7748 is bull trap area....so buy at 7750 only...above the central pivot
bearish below 7723 .......
if 7750 hits...then buy sl at 7730.....target 7775/7795
if 7723 hits...then can sell more as per risk appetite....stop 7737....
target 7710 to book 50% .....
this at 7730 is selling area.....
i) SSPs 15tf 34 ema resistance....
ii) pivot resitance till 7747...
iii) rahul 100sma resistance till 7746
iv) supply level 15 tf resistance....
so not buy at this level....buy only above 7750 nf
can sell....as per risk appetite or as above
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #834 Posted: Fri Jul 04, 2014 2:24 pm Post subject: |
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| amitagg wrote: | intra trading
all NF levels
7740 above bullish but 7740-7748 is bull trap area....so buy at 7750 only...above the central pivot
bearish below 7723 .......
if 7750 hits...then buy sl at 7730.....target 7775/7795
if 7723 hits...then can sell more as per risk appetite....stop 7737....
target 7710 to book 50% .....
this at 7730 is selling area.....
i) SSPs 15tf 34 ema resistance....
ii) pivot resitance till 7747...
iii) rahul 100sma resistance till 7746
iv) supply level 15 tf resistance....
so not buy at this level....buy only above 7750 nf
can sell....as per risk appetite or as above |
bought stop 7726... 7718 NS sustaining important....[/b]71since top of pivot... otherwise stop can be hit......confluence of zones and levels....lets play on probabilities...
if ns and nf values changed a bit...and top was 7752 NF approx equivalent to 7620 NS sugested buy....lets see.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #835 Posted: Fri Jul 04, 2014 2:33 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | intra trading
all NF levels
7740 above bullish but 7740-7748 is bull trap area....so buy at 7750 only...above the central pivot
bearish below 7723 .......
if 7750 hits...then buy sl at 7730.....target 7775/7795
if 7723 hits...then can sell more as per risk appetite....stop 7737....
target 7710 to book 50% .....
this at 7730 is selling area.....
i) SSPs 15tf 34 ema resistance....
ii) pivot resitance till 7747...
iii) rahul 100sma resistance till 7746
iv) supply level 15 tf resistance....
so not buy at this level....buy only above 7750 nf
can sell....as per risk appetite or as above |
bought stop 7726... 7718 NS sustaining important....[/b]71since top of pivot... otherwise stop can be hit......confluence of zones and levels....lets play on probabilities...
if ns and nf values changed a bit...and top was 7752 NF approx equivalent to 7620 NS sugested buy....lets see. |
booked one part.....7560....7540 NS is firsttarget
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #836 Posted: Fri Jul 04, 2014 2:37 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | intra trading
all NF levels
7740 above bullish but 7740-7748 is bull trap area....so buy at 7750 only...above the central pivot
bearish below 7723 .......
if 7750 hits...then buy sl at 7730.....target 7775/7795
if 7723 hits...then can sell more as per risk appetite....stop 7737....
target 7710 to book 50% .....
this at 7730 is selling area.....
i) SSPs 15tf 34 ema resistance....
ii) pivot resitance till 7747...
iii) rahul 100sma resistance till 7746
iv) supply level 15 tf resistance....
so not buy at this level....buy only above 7750 nf
can sell....as per risk appetite or as above |
bought stop 7726... 7718 NS sustaining important....[/b]71since top of pivot... otherwise stop can be hit......confluence of zones and levels....lets play on probabilities...
if ns and nf values changed a bit...and top was 7752 NF approx equivalent to 7620 NS sugested buy....lets see. |
booked one part.....7560....7540 NS is firsttarget |
for other than intra day ...7723 NF can be best stop....me shall exit at cost
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #837 Posted: Fri Jul 04, 2014 2:51 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | intra trading
all NF levels
7740 above bullish but 7740-7748 is bull trap area....so buy at 7750 only...above the central pivot
bearish below 7723 .......
if 7750 hits...then buy sl at 7730.....target 7775/7795
if 7723 hits...then can sell more as per risk appetite....stop 7737....
target 7710 to book 50% .....
this at 7730 is selling area.....
i) SSPs 15tf 34 ema resistance....
ii) pivot resitance till 7747...
iii) rahul 100sma resistance till 7746
iv) supply level 15 tf resistance....
so not buy at this level....buy only above 7750 nf
can sell....as per risk appetite or as above |
bought stop 7726... 7718 NS sustaining important....[/b]71since top of pivot... otherwise stop can be hit......confluence of zones and levels....lets play on probabilities...
if ns and nf values changed a bit...and top was 7752 NF approx equivalent to 7620 NS sugested buy....lets see. |
booked one part.....7560....7540 NS is firsttarget |
for other than intra day ...7723 NF can be best stop....me shall exit at cost |
booked last 2nd....7765 near r1
tsl for 1/rd at cost
resistances 7765/7770/7775....being rs/ 7240 pivit ns equi/ previous top
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #838 Posted: Fri Jul 04, 2014 2:57 pm Post subject: |
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good 7540 touched.....now 7555 possible to close all intra longs.....when positional sellers would cover their losses and intra buyers shall exit......
remember welgro level 7755 is stop which is also a hurdle pivot....
hence....no intra days at this level.....
3rd balance intra can be booked at 7760 tsl basis
all in all ...intra done for the day. 3pm closing.....everyone helped...thankyou.
| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | intra trading
all NF levels
7740 above bullish but 7740-7748 is bull trap area....so buy at 7750 only...above the central pivot
bearish below 7723 .......
if 7750 hits...then buy sl at 7730.....target 7775/7795
if 7723 hits...then can sell more as per risk appetite....stop 7737....
target 7710 to book 50% .....
this at 7730 is selling area.....
i) SSPs 15tf 34 ema resistance....
ii) pivot resitance till 7747...
iii) rahul 100sma resistance till 7746
iv) supply level 15 tf resistance....
so not buy at this level....buy only above 7750 nf
can sell....as per risk appetite or as above |
bought stop 7726... 7718 NS sustaining important....[/b]71since top of pivot... otherwise stop can be hit......confluence of zones and levels....lets play on probabilities...
if ns and nf values changed a bit...and top was 7752 NF approx equivalent to 7620 NS sugested buy....lets see. |
booked one part.....7560....7540 NS is firsttarget |
for other than intra day ...7723 NF can be best stop....me shall exit at cost |
booked last 2nd....7765 near r1
tsl for 1/rd at cost
resistances 7765/7770/7775....being rs/ 7240 pivit ns equi/ previous top |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #839 Posted: Fri Jul 04, 2014 3:01 pm Post subject: |
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sign off not done....
closed 3rd at expected 7775 level qui 7555......  ...shall wait for another day!!!!!....
| amitagg wrote: | good 7540 touched.....now 7555 possible to close all intra longs.....when positional sellers would cover their losses and intra buyers shall exit......
remember welgro level 7755 is stop which is also a hurdle pivot....
hence....no intra days at this level.....
3rd balance intra can be booked at 7760 tsl basis
all in all ...intra done for the day. 3pm closing.....everyone helped...thankyou.
| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | intra trading
all NF levels
7740 above bullish but 7740-7748 is bull trap area....so buy at 7750 only...above the central pivot
bearish below 7723 .......
if 7750 hits...then buy sl at 7730.....target 7775/7795
if 7723 hits...then can sell more as per risk appetite....stop 7737....
target 7710 to book 50% .....
this at 7730 is selling area.....
i) SSPs 15tf 34 ema resistance....
ii) pivot resitance till 7747...
iii) rahul 100sma resistance till 7746
iv) supply level 15 tf resistance....
so not buy at this level....buy only above 7750 nf
can sell....as per risk appetite or as above |
bought stop 7726... 7718 NS sustaining important....[/b]71since top of pivot... otherwise stop can be hit......confluence of zones and levels....lets play on probabilities...
if ns and nf values changed a bit...and top was 7752 NF approx equivalent to 7620 NS sugested buy....lets see. |
booked one part.....7560....7540 NS is firsttarget |
for other than intra day ...7723 NF can be best stop....me shall exit at cost |
booked last 2nd....7765 near r1
tsl for 1/rd at cost
resistances 7765/7770/7775....being rs/ 7240 pivit ns equi/ previous top |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #840 Posted: Tue Jul 08, 2014 9:35 am Post subject: |
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Pre budget trade : 1) Sold 8000 call @ 70 ........target 10 stop 2 closings above 8000.. 
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