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READING THE LINE [DAY TRADERS MIND] - FUTURES ONLY |
amitagg
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Post: #916  Posted: Tue Aug 26, 2014 1:33 pm Post subject: |
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| Markets can rally 30-40 points basis stocks like SBI hdfc hdfc bank etc but likely to peter out at 7930 -7950 |
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amitagg
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| Post: #917 Posted: Tue Aug 26, 2014 1:40 pm Post subject: |
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| amitagg wrote: | | Markets can rally 30-40 points basis stocks like SBI hdfc hdfc bank etc but likely to peter out at 7930 -7950 |
7842/ 7818 first downside targets ( sep)
7790 bottom for aug if fall happens (sep)
No point mentioning up targets.... Since strangle for volatility break strategy only |
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amitagg
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| Post: #918 Posted: Tue Aug 26, 2014 1:45 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | Markets can rally 30-40 points basis stocks like SBI hdfc hdfc bank etc but likely to peter out at 7930 -7950 |
7842/ 7818 first downside targets ( sep)
7790 bottom for aug if fall happens (sep)
No point mentioning up targets.... Since strangle for volatility break strategy only |
Markets don't " look like" falling and then fall......
However markets may temper with " ranges" many a time before break......
Key is break of a swing high does not mean " range break" adjusted for other factors...... |
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amitagg
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| Post: #919 Posted: Tue Aug 26, 2014 1:48 pm Post subject: |
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Watch out ..... | amitagg wrote: | | amitagg wrote: | "If" markets break 7870 NS...it shall be significant reversal for few weeks/ months......expect sideways to down action next 3-4 days and no rallies......any rally "shall" be sold into.......easily.
NS > 8000 before expiry is out for me.
I can and can very well be "wrong"......
After 9 days of uptrend, its time to roll over in other direction...... |
market NF can rise to 7930-7955 NF (Buffet method modified) + (typical reaction on break of minor violent bull move) ....where the short triggers accumulate and should be sold off......it there is a move back to 7970 and sustained by close.....it would mean sideways action for next 3-4 days followed by "possible bull move"..........
ie. markets closing below 7930 NS tomorrow would mean "bear move" starting........a sideways action for next few days without retrace to 7970 NF would also mean the same........
SSPS given sell
Rahul 15tf/ 30tf giving sell at 7885
50dma etc placed at 7880 +-10 points ,
so break of 7870 would "kill" the uptrend......even if it happens intra day.....with close near those levels...... |
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amitagg
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| Post: #920 Posted: Tue Aug 26, 2014 1:53 pm Post subject: |
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| Now watch this - bought October 7700 put @ 70..... SL O |
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amitagg
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| Post: #921 Posted: Tue Aug 26, 2014 2:52 pm Post subject: |
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as per me, tomorrow seeing NS 7893-7900 sustaining , we shall see 30 point rally.........till 7925-7930.....
obviously , positional shorts have already been taken |
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amitagg
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| Post: #922 Posted: Tue Aug 26, 2014 3:01 pm Post subject: |
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| amitagg wrote: | as per me, tomorrow seeing NS 7893-7900 sustaining , we shall see 30 point rally.........till 7925-7930.....
obviously , positional shorts have already been taken |
NS 7950 is also stop loss for positional shorts [where the "ratio trades" should tilt in bulls favour] |
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amitagg
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Posts: 4559
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| Post: #923 Posted: Tue Aug 26, 2014 3:07 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | as per me, tomorrow seeing NS 7893-7900 sustaining , we shall see 30 point rally.........till 7925-7930.....
obviously , positional shorts have already been taken |
NS 7950 is also stop loss for positional shorts [where the "ratio trades" should tilt in bulls favour] |
shorters have no option but to wait......and see whether rallies fade or not |
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amitagg
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Posts: 4559
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| Post: #924 Posted: Tue Aug 26, 2014 3:11 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | as per me, tomorrow seeing NS 7893-7900 sustaining , we shall see 30 point rally.........till 7925-7930.....
obviously , positional shorts have already been taken |
NS 7950 is also stop loss for positional shorts [where the "ratio trades" should tilt in bulls favour] |
shorters have no option but to wait......and see whether rallies fade or not |
long strangle+ puts....i have 2:1 bearish ratio trade.....shall make it 2:2 if 7950 NS taken out cleanly.......then position shall be evenly hedged
hoping for big move 9both up and down wiht gaps  ) or volatiility break in Sep |
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amitagg
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| Post: #925 Posted: Wed Aug 27, 2014 11:33 am Post subject: |
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| I am getting the "feeling" from reading the intra - day price that market can hit 7900 NS shortly.....lets see....i may be unintentially biased |
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amitagg
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Posts: 4559
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| Post: #926 Posted: Wed Aug 27, 2014 11:37 am Post subject: |
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| amitagg wrote: | | I am getting the "feeling" from reading the intra - day price that market can hit 7900 NS shortly.....lets see....i may be unintentially biased |
i do not expect great upward thrust today....only sideays action or down few (or many ) points from opening...... |
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amitagg
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Posts: 4559
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| Post: #927 Posted: Wed Aug 27, 2014 11:44 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | as per me, tomorrow seeing NS 7893-7900 sustaining , we shall see 30 point rally.........till 7925-7930.....
obviously , positional shorts have already been taken |
NS 7950 is also stop loss for positional shorts [where the "ratio trades" should tilt in bulls favour] |
shorters have no option but to wait......and see whether rallies fade or not |
"as of now", this was protected by 3 points......... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #928 Posted: Wed Aug 27, 2014 11:54 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | I am getting the "feeling" from reading the intra - day price that market can hit 7900 NS shortly.....lets see....i may be unintentially biased |
i do not expect great upward thrust today....only sideays action or down few (or many ) points from opening...... |
bank nifty shall provide upthrust if it happens.......7953 NS ...one can go SAR long......7930 is great support area for me...... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #929 Posted: Wed Aug 27, 2014 11:58 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | I am getting the "feeling" from reading the intra - day price that market can hit 7900 NS shortly.....lets see....i may be unintentially biased |
i do not expect great upward thrust today....only sideays action or down few (or many ) points from opening...... |
bank nifty shall provide upthrust if it happens.......7953 NS ...one can go SAR long......7930 is great support area for me...... |
7930 is highest open of previous candles...and markets (bullish) after gap up retraced to that.....vertical move beyond 7950 is possible ("if above 7950") 795.....comments changed to that extent.....SL buy orders have to be in place.... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #930 Posted: Wed Aug 27, 2014 1:37 pm Post subject: |
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| ADAG is not performing. A market move beyond 7970 would trigger sharp short covering in these stocks. Plan accordingly. |
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