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Swing Trading : The Speculator way |
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2037
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Post: #1591  Posted: Tue Apr 24, 2012 9:14 am Post subject: |
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| traderindian wrote: | Nifty in downtrend after the break of 5312 USP on 15Min TF.
New DSP is 5314.. |
Hi,
Banknifty and Nifty are in sell mode, but taking position now will b only thru rejection. Like HDFCBANK sell initiated at 545 now either wait for rejection at 552 with SL at 560, similarly. DLF buy abv 191 and IGL abv 223 keep SL as yesterday low. |
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traderindian
White Belt
Joined: 03 Apr 2010
Posts: 56
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| Post: #1592 Posted: Tue Apr 24, 2012 9:00 pm Post subject: |
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| sonila wrote: | | Thanx traderindian. When the short was initiated on friday when usp 5312 was taken out, what was the sl kept initially ? |
The initial stoploss was at 5364.. |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2037
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| Post: #1593 Posted: Tue Apr 24, 2012 9:28 pm Post subject: |
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| chetan83 wrote: | | traderindian wrote: | Nifty in downtrend after the break of 5312 USP on 15Min TF.
New DSP is 5314.. |
Hi,
Banknifty and Nifty are in sell mode, but taking position now will b only thru rejection. Like HDFCBANK sell initiated at 545 now either wait for rejection at 552 with SL at 560, similarly. DLF buy abv 191 and IGL abv 223 keep SL as yesterday low. |
Hi,
HDFCBANK sell made low of 540 level, whereas DLF AND IGL buy trade did not triggered.
Tomorrow keep an eye on Ril Infrastructure for buying abv todays high. |
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traderindian
White Belt
Joined: 03 Apr 2010
Posts: 56
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| Post: #1594 Posted: Wed Apr 25, 2012 5:05 pm Post subject: |
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| chetan83 wrote: | | chetan83 wrote: | | traderindian wrote: | Nifty in downtrend after the break of 5312 USP on 15Min TF.
New DSP is 5314.. |
Hi,
Banknifty and Nifty are in sell mode, but taking position now will b only thru rejection. Like HDFCBANK sell initiated at 545 now either wait for rejection at 552 with SL at 560, similarly. DLF buy abv 191 and IGL abv 223 keep SL as yesterday low. |
Hi,
HDFCBANK sell made low of 540 level, whereas DLF AND IGL buy trade did not triggered.
Tomorrow keep an eye on Ril Infrastructure for buying abv todays high. |
Hi Chetan,
Rejection entry oppurtunitues in Nifty were at 10:00 AM - 10:15 AM candle on 23rd April 2012.
After that there was one rejection trade oppurtunity today at 11 AM candle.. |
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traderindian
White Belt
Joined: 03 Apr 2010
Posts: 56
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| Post: #1595 Posted: Wed Apr 25, 2012 5:52 pm Post subject: |
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| New DSP at 5239.. |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1596 Posted: Wed Apr 25, 2012 6:09 pm Post subject: |
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| traderindian, if fresh short was made at 11am candle around 5220-5230 after rejection from 34 ema, then what was the sl at the moment, plz mention. |
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1598 Posted: Fri Apr 27, 2012 8:34 pm Post subject: |
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| any update from anybody about usp/dsp ??? |
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #1599 Posted: Sat Apr 28, 2012 9:34 am Post subject: |
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Update- Refer to above post by SmartC for correct pivots as series change made some difference in charts.
Last edited by Arjun20 on Sat Apr 28, 2012 10:35 am; edited 1 time in total |
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #1600 Posted: Sat Apr 28, 2012 10:05 am Post subject: |
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Spec sir suggested to follow nifty Expiry based charts (symbol- NIFTY-31MAY12) & accordingly NF is still in dntrend with DSP as 5250.(refer ysterday SB archive around 9.40-10am)...charts attached..
Last edited by smartcancerian on Sat Apr 28, 2012 11:18 am; edited 1 time in total |
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #1601 Posted: Sat Apr 28, 2012 10:30 am Post subject: |
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Smart, i am ODIN guy. So ODIN chart which i see is of NIfty Fut MAY and it's same as of your's indicating downswing.
I don't have access to Ichart. Since all here follow Icharts as reference , i have attched it.
And this type of confusion happens during new Series start and when two series charts show trend change.
I don't have access to SB.As u have discussion in SB , I am withdrawing my chart... |
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Bhaveshh
White Belt
Joined: 09 Nov 2010
Posts: 38
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| Post: #1602 Posted: Sat Apr 28, 2012 11:07 am Post subject: |
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Bhaveshh
White Belt
Joined: 09 Nov 2010
Posts: 38
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| Post: #1603 Posted: Sat Apr 28, 2012 11:10 am Post subject: |
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| what is DSP AND USP ? AND STRATEGIES? |
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smartcancerian
Yellow Belt
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Posts: 542
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #1605 Posted: Sat Apr 28, 2012 11:55 am Post subject: |
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| thanx arjun,smartcancerian. When i saw first arjun's chart,got confused,then clarified by smartc's chart. Yes, this is new series dilema. Thanx again, both. |
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