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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: #841  Posted: Tue Jul 08, 2014 9:58 am Post subject: |
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| amitagg wrote: | Pre budget trade : 1) Sold 8000 call @ 70 ........target 10 stop 2 closings above 8000..  |
2) sold yes bank futures 545 positional target to update later... To hold for few weeks.... Stop 565 2 closings |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #842 Posted: Tue Jul 08, 2014 11:25 am 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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markets moved by 50 points beyond 7555 and moved back......as i remarked few days back not sure whether 7755 or 7775 NS is relevant here...... the budget wont und this....just that market may move to 7950 etc....and again fall back to 7750..... |
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amitagg
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Posts: 4559
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| Post: #843 Posted: Tue Jul 08, 2014 11:41 am Post subject: |
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| in busy from now on....shall see responses to my posts "everywhere"...tomorrow.....happy trading!!! |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #844 Posted: Wed Jul 09, 2014 12:58 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | Pre budget trade : 1) Sold 8000 call @ 70 ........target 10 stop 2 closings above 8000.. |
2) sold yes bank futures 545 positional target to update later... To hold for few weeks.... Stop 565 2 closings |
so i did see the fall [reading the line!!!] coming just before the " very unexpected fall" .....
- cautioned Mikky and Manoj [so posting in other threads required]
- asked PK to post the retracement Miner levels [which is still pending from his side]
now...booked the calls @ 25.....fell from 70 may be not sitting tight....but shall use funds for other trades....otherwise shall be 0 by end july
has also sold rcap yesterday for 50k profit...didnt post...but had mentioned several time ny favourite stocks / rinfra/ rcap...which i always enter into in "reversal start" trades.....
yes bank also booked at 525.....20
i would have continued short expecting much lower levels....but budget tomorrow...and shall sell into any rally......of 150-200 points....which may not come??? |
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manojrp
White Belt
Joined: 14 Mar 2012
Posts: 432
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| Post: #845 Posted: Wed Jul 09, 2014 1:19 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | Pre budget trade : 1) Sold 8000 call @ 70 ........target 10 stop 2 closings above 8000.. |
2) sold yes bank futures 545 positional target to update later... To hold for few weeks.... Stop 565 2 closings |
so i did see the fall [reading the line!!!] coming just before the " very unexpected fall" .....
- cautioned Mikky and Manoj [so posting in other threads required]
- asked PK to post the retracement Miner levels [which is still pending from his side]
now...booked the calls @ 25.....fell from 70 may be not sitting tight....but shall use funds for other trades....otherwise shall be 0 by end july
has also sold rcap yesterday for 50k profit...didnt post...but had mentioned several time ny favourite stocks / rinfra/ rcap...which i always enter into in "reversal start" trades.....
yes bank also booked at 525.....20
i would have continued short expecting much lower levels....but budget tomorrow...and shall sell into any rally......of 150-200 points....which may not come??? |
amit ji now i am holding both call n puts (check mikky thread)
lets see what happen tomorrow
me too expecting huge huge fall |
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manojrp
White Belt
Joined: 14 Mar 2012
Posts: 432
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| Post: #846 Posted: Wed Jul 09, 2014 1:21 pm Post subject: |
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| manojrp wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | Pre budget trade : 1) Sold 8000 call @ 70 ........target 10 stop 2 closings above 8000.. |
2) sold yes bank futures 545 positional target to update later... To hold for few weeks.... Stop 565 2 closings |
so i did see the fall [reading the line!!!] coming just before the " very unexpected fall" .....
- cautioned Mikky and Manoj [so posting in other threads required]
- asked PK to post the retracement Miner levels [which is still pending from his side]
now...booked the calls @ 25.....fell from 70 may be not sitting tight....but shall use funds for other trades....otherwise shall be 0 by end july
has also sold rcap yesterday for 50k profit...didnt post...but had mentioned several time ny favourite stocks / rinfra/ rcap...which i always enter into in "reversal start" trades.....
yes bank also booked at 525.....20
i would have continued short expecting much lower levels....but budget tomorrow...and shall sell into any rally......of 150-200 points....which may not come??? |
amit ji now i am holding both call n puts (check mikky thread)
lets see what happen tomorrow
me too expecting huge huge fall |
amit ji do you suggest hold position till expiry or till 15 jul 14 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #847 Posted: Thu Jul 10, 2014 12:43 pm Post subject: |
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| manojrp wrote: | | manojrp wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | Pre budget trade : 1) Sold 8000 call @ 70 ........target 10 stop 2 closings above 8000.. :lol: |
2) sold yes bank futures 545 positional target to update later... To hold for few weeks.... Stop 565 2 closings :lol: |
so i did see the fall [reading the line!!!] coming just before the " very unexpected fall" .....
- cautioned Mikky and Manoj [so posting in other threads required]
- asked PK to post the retracement Miner levels [which is still pending from his side]
now...booked the calls @ 25.....fell from 70 may be not sitting tight....but shall use funds for other trades....otherwise shall be 0 by end july
has also sold rcap yesterday for 50k profit...didnt post...but had mentioned several time ny favourite stocks / rinfra/ rcap...which i always enter into in "reversal start" trades.....
yes bank also booked at 525.....20 :lol:
i would have continued short expecting much lower levels....but budget tomorrow...and shall sell into any rally......of 150-200 points....which may not come??? |
amit ji now i am holding both call n puts (check mikky thread)
lets see what happen tomorrow
me too expecting huge huge fall |
amit ji do you suggest hold position till expiry or till 15 jul 14 |
I never said severe fall... That's why I confused Ruchir on whether put buying was good. That why I only sold 8000 call now 10 and shall be 0
Buying call put don't hold..... Only sold call put can be held if otm
On buying call put buy it if u want to next time few days before expiry as I did sometime back 7500 put 7700 call @ 217 ..... 7700 call had touched 203.... So our premium would have been covered and I would have been in huge profit now....I had exited at nominal loss much earlier
Point is sticking to strategy..... I did not do so in that call put buy combo few weeks back which would have worked also.... Instead I sold 8000 call and stuck to that and was willing to double also as I remarked had 7930 would have been touched.....and profited well.....
I am now inclined to increase strike rate and let profits come as a result whatever it may be.... So didn't bother sold call giving less but surer profits in 3-5 days
SBI etc breaking 2545 support .... Watch out and may short tomorrow..... I have already completed my short trades today
Last edited by amitagg on Thu Jul 10, 2014 12:56 pm; 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: #848 Posted: Thu Jul 10, 2014 12:47 pm Post subject: |
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| Would not be available today and tomorrow due to budget post events |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #849 Posted: Fri Jul 11, 2014 3:07 pm Post subject: |
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| amitagg wrote: | | manojrp wrote: | | manojrp wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | Pre budget trade : 1) Sold 8000 call @ 70 ........target 10 stop 2 closings above 8000.. |
2) sold yes bank futures 545 positional target to update later... To hold for few weeks.... Stop 565 2 closings |
so i did see the fall [reading the line!!!] coming just before the " very unexpected fall" .....
- cautioned Mikky and Manoj [so posting in other threads required]
- asked PK to post the retracement Miner levels [which is still pending from his side]
now...booked the calls @ 25.....fell from 70 may be not sitting tight....but shall use funds for other trades....otherwise shall be 0 by end july
has also sold rcap yesterday for 50k profit...didnt post...but had mentioned several time ny favourite stocks / rinfra/ rcap...which i always enter into in "reversal start" trades.....
yes bank also booked at 525.....20
i would have continued short expecting much lower levels....but budget tomorrow...and shall sell into any rally......of 150-200 points....which may not come??? |
amit ji now i am holding both call n puts (check mikky thread)
lets see what happen tomorrow
me too expecting huge huge fall |
amit ji do you suggest hold position till expiry or till 15 jul 14 |
I never said severe fall... That's why I confused Ruchir on whether put buying was good. That why I only sold 8000 call now 10 and shall be 0
Buying call put don't hold..... Only sold call put can be held if otm
On buying call put buy it if u want to next time few days before expiry as I did sometime back 7500 put 7700 call @ 217 ..... 7700 call had touched 203.... So our premium would have been covered and I would have been in huge profit now....I had exited at nominal loss much earlier
Point is sticking to strategy..... I did not do so in that call put buy combo few weeks back which would have worked also.... Instead I sold 8000 call and stuck to that and was willing to double also as I remarked had 7930 would have been touched.....and profited well.....
I am now inclined to increase strike rate and let profits come as a result whatever it may be.... So didn't bother sold call giving less but surer profits in 3-5 days
SBI etc breaking 2545 support .... Watch out and may short tomorrow..... I have already completed my short trades today |
Sbi 75-100 down .... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #850 Posted: Tue Jul 15, 2014 11:15 am Post subject: |
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| interestingly, market at 7514 is at open price of monthly....sideways move for the month and a doji possible.....with either an upbreak above 7670 or greater possibility downbreak below 7420 coming next month...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #851 Posted: Tue Jul 15, 2014 11:35 am Post subject: |
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| amitagg wrote: | | interestingly, market at 7514 is at open price of monthly....sideways move for the month and a doji possible.....with either an upbreak above 7670 or greater possibility downbreak below 7420 coming next month...... |
sold 7600 call @ 55...........
(to double on NS move to 7548/7560)....NS bearish 'only' below NS 7505 [intra], 7490 [swing]
stop 7616 NS+8.....possible H&S rally mark/ monthly level.....
sold ONGC 403 & 411 .....stop 424..........risky [triangle break on daily]
sold HDFC bank 826...stop 845 [conservative] |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #852 Posted: Tue Jul 15, 2014 11:36 am Post subject: |
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| amitagg wrote: | | interestingly, market at 7514 is at open price of monthly....sideways move for the month and a doji possible.....with either an upbreak above 7670 or greater possibility downbreak below 7420 coming next month...... |
sold 7600 call @ 55...........
(to double on NS move to 7548/7560)....NS bearish 'only' below NS 7505 [intra], 7490 [swing]
stop 7616 NS+8.....possible H&S rally mark/ monthly level.....
sold ONGC 403 & 411 .....stop 424..........risky [triangle break on daily]
sold HDFC bank 826...stop 845 [conservative] |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #853 Posted: Wed Jul 16, 2014 12:24 pm Post subject: |
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had traded in and out.....except ONGC
markets look "sell" to me for few weeks despite the bullishness been shown.....7615 can be touched irrespective.....no positional longs for me....
therefore profiting time to time from selling OTm calls like in morning today subject to holding positional shorts......
market would confuse and attempt to rise above ...and then make a fall below 7500 i would imagine.....
this view to be held until 7620 cleared decisively.....so i would attempt shorting again the calls o n rise to 7580 [hedge].....and have long systems work separately..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #854 Posted: Wed Jul 16, 2014 3:28 pm Post subject: |
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| markets now "sideways" and distribution to commence at 7625-7680........top of 7730 / 7800 would not be broken ...we are moving into higher monthly "ranges"....no breakout still |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #855 Posted: Fri Jul 18, 2014 10:54 am Post subject: |
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Interestingly if market unable to clear 7680 and falls below 7570 it shall offer interesting short opportunities...... Markets distinctly sideways since here is a definite long tern big bull trend underway so monthly consolidation happening where novices would buy the upward ranges only to see price falling back......similarly shorters at lower ranges won't work...... To little extent
After a natural time or price correction for few months the upward move beyond 7800 can start... Otherwise market is " easy sell" at 7750-7800 if reaches difficult for me in next few days / week or two |
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