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Swing Trading : The Speculator way |
vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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Post: #2071  Posted: Thu Jan 10, 2013 5:58 pm Post subject: |
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| chandan8576 wrote: | | vinst , low was 5981 or 5984 please tell me |
after making low of 5981 yesterday, mkt NF went up to 6034 (above 34ema) today and hasn't made a low below 5981. so no revision in DSP of 6050. |
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chandan8576
White Belt
Joined: 02 Nov 2010
Posts: 21
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| Post: #2072 Posted: Thu Jan 10, 2013 6:11 pm Post subject: |
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| vinst thanks for ur reply , but i am asking that nifty yesterday made low 5984 not 5981. and also today also made a low 5984 so why not the new dsp should be 6033 . so please guide me .. |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2037
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| Post: #2073 Posted: Thu Jan 10, 2013 6:21 pm Post subject: |
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| chandan8576 wrote: | | vinst thanks for ur reply , but i am asking that nifty yesterday made low 5984 not 5981. and also today also made a low 5984 so why not the new dsp should be 6033 . so please guide me .. |
Chandan, technically u r right (as per method), but when the tick difference is margin, its always better to take the highest DSP which is 6050.30. |
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aptcap
White Belt
Joined: 16 Jul 2011
Posts: 39
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| Post: #2074 Posted: Thu Jan 10, 2013 7:23 pm Post subject: |
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there is a diff in EOD charts and intraday charts. EOD shows 5981.35 as yesterday's low (matches with nse data) whereas intraday shows 5984.4 as yesterdays low. hence the confusion. may be better to wait for NF to break 5981.35 and then confirm the new dsp.
tks |
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #2075 Posted: Thu Jan 10, 2013 9:22 pm Post subject: |
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In case of confusion..you can always refer nifty spot chart (attached)..If you see this chart..nifty spot has given a clear New DSP so correspondingly in Nifty Future it comes 6034 (today's high)..But having said that, it may be one's personal preference for considering this..since there is not much difference in earlier DSP & 6034..
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chandan8576
White Belt
Joined: 02 Nov 2010
Posts: 21
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| Post: #2076 Posted: Fri Jan 11, 2013 5:03 pm Post subject: |
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| nifty 60tf NEW DSP 6036 |
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #2077 Posted: Fri Jan 11, 2013 7:09 pm Post subject: |
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nifty spot turned in dntrend..confusion ended..  ..DSP as per 15tf NF..is 6038 |
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rhtbaweja
White Belt
Joined: 19 Jan 2010
Posts: 30
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| Post: #2078 Posted: Fri Jan 11, 2013 7:45 pm Post subject: hi |
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smart hello......i think 15 min dsp 6035.85  |
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smartcancerian
Yellow Belt
Joined: 07 Apr 2010
Posts: 542
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| Post: #2079 Posted: Fri Jan 11, 2013 8:49 pm Post subject: |
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yes rht..u are also right as you are watching intra charts & i am looking that high from odin high/eod charts...  |
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chandan8576
White Belt
Joined: 02 Nov 2010
Posts: 21
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| Post: #2080 Posted: Sat Jan 12, 2013 9:27 am Post subject: |
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IN 60 TF
ALBK DSP 180.8
ADVANTA USP 984
AXISBANK USP 1344
BAJAJHLDNG DSP 1033
BANKBARODA DSP 888.8
BANKINDIA DSP 372
BANKNIFTY-1M DSP 12885
BHARTIARTL DSP 333
COALINDIA DSP 369.7
please reply if i wrong |
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sandew
White Belt
Joined: 02 Feb 2009
Posts: 174
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| Post: #2081 Posted: Sat Jan 12, 2013 12:34 pm Post subject: Trend |
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Friday Eod NF close 5973 high 6035 low 5970.
60M NF
Swing Trend Down,
DSP @ 6050 (on NS @6020)
On 30M NF, USP @ 6035
On 15M NF, USP @ 6018
My own other observations
NF NTZ (No Trade Zone) 5992-6013, my fulcrum 6008, to sustain upmove for year Jan high needs to be protected |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #2082 Posted: Sun Jan 13, 2013 1:21 pm Post subject: Re: Trend |
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| sandew wrote: | Friday Eod NF close 5973 high 6035 low 5970.
60M NF
Swing Trend Down,
DSP @ 6050 (on NS @6020)
On 30M NF, USP @ 6035
On 15M NF, USP @ 6018
My own other observations
NF NTZ (No Trade Zone) 5992-6013, my fulcrum 6008, to sustain upmove for year Jan high needs to be protected |
Sandew,
thanks for your update.
NF 30min as well as NF 15 min are in downtrend. So they should have DSP. In your post, USP is mentioned against both timeframes. Kindly check.
Your NTZ+fulcrum terminology would be interesting to discuss, viz., its basis, derivation and usage etc.
thanks, |
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sandew
White Belt
Joined: 02 Feb 2009
Posts: 174
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| Post: #2083 Posted: Sun Jan 13, 2013 3:31 pm Post subject: Week Monday |
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typography error corrected below
Friday Eod NF close 5973 high 6035 low 5970.
60M NF
Swing Trend Down,
DSP @ 6050 (on NS @6020)
On 30M NF, DSP @ 6035
On 15M NF, DSP @ 6018
I will be looking for sell on rise on Monday around NF 6008-15 with sl 6035 (beware : this is line on shifting sand, will have to watch PA (price action) and how it is shaping around 6008 to go short. If thrust is strong i may hold back; and then there is always a possibility of rejection off ema 34 to go long...but for this to happen if at all it will be into Tuesday as 7 candles of Monday will not evolve into such a rejection...all conjecture and part of pre-market plan. |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #2084 Posted: Mon Jan 14, 2013 11:56 am Post subject: |
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sandew,
on 15min NF, i have DSP 6038. same DSP for 30min NF also. |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #2085 Posted: Mon Jan 14, 2013 2:05 pm Post subject: |
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| NF 30min and 15min are in uptrend. USP is 5969 for both as of now. |
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