iCharts Discussions

[sandew]

Friday Feb 08 Eod NF close 5914, high 5973 low 5900 DSP@ 6077
Friday Feb 15 Eod NF close 5884, high 5909 low 5859 DSP@ 5979
Tuesd Feb 19 Eod NF close 5959, high 5961 low 5889 DSP@ 5979

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60M NF
Swing Trend Down,
DSP @ 5979

Type II trade on Feb 14, Thursday - down
Type II trade on Feb 19, Tuesday - up

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NF key levels I am watching for reversal is 5928. NTZ 5895-5911.

Alternate possible trade scenarios:
On charts, If PA start drifting back below 5928, I shall then wait and look for going long on rejection off 5920 with SL 5887; or
If PA continues its charge then shall look to go short at 5979 area.
Beyond 5979, trend reverses for target 6077 with SL 5942.
Will carry overnight long trade only when PA is closing above 5979

=======
Cut and Paste from elsewhere (outside this thread)
Nifty Pre-Market View on Tuesday morning.
1.Nifty has commenced its 3rd wave down and the current bounce is minor "ii" of 3.
2.Nifty is still in its 2nd wave and the new low on Friday is the irregular 2.b and the 2.c is on.
3.Nifty completed the 5 on Friday @ 5854 and a rally for the entire fall from 6112 to 5854 is on.
These are the 3 possibilities in contention.
Above 5949, the 1st view will get cancelled out temporarily.
Below 5840, 2nd, 3rd view will get negated and iiird of 3rd would be in contention (1st view back in contention with changes in sub-waves).

[ProTrader]

Dear Sandew:

Thanks for sharing your analysis and info. Please start a new thread for your analysis. I will keep your content here for the next couple of days after which it will be purged.

Thanks for your understanding.

Regards..PT

[Jai2000]

Gamble trader,

Hello sorry for late rep! Axisbank,Sbin,Tatamotors,Tatasteel, Relcap, Relinfra,Bhartiartl,Icicibank,LT -these are my fav stocks since 5 years. But i dont trade them all at one time. I'l pick whichever is giving less risk! Gambler, No modification from this system -I Just trading it! Same 34 ema/ RSI 5. TF 15/5. Am more comfortable with 5TF. No bad result till now! I dont trade 5TF alone, trading along with 15Tf, like -entry based on 15Tf trend and when 5Tf change it's trend i'l exit! Reenter when 5 and 15 both are in same trend. My profit points may be less but i'm more comfortable with this!! Honestly even 1TF will give good result- the way how we use it is !! Like yesterday my short on Nifty is below 5TF pivot 5951. 15Tf already in down trend....... Getting 150+ points in Nifty (on 5 trades) after long time Gambler, trading nifty is easier than stocks. Overnight bad/good news in specific stocks will spoil our party. My suggestion, if possible try USDINR -worth to trade!! Thanks!

Regards,
Jai

[Jai2000]

Anantha,

Hello! SSPS is based on only 34 ema, and 8 ema for additional conformation! 13 ema is for eod- no idea about that! Dont know about yr trading style ,explain us how you using this system, then only some one can answer you. Based on my style Jan '13 Total profit on Relcapital is closer to 40 points.

Total - 6 Trades. One trade loss of 4 points. One is Cost to cost exit( that too given 10 points move). This is excleded of brokerage.

For February First trade given 74 points and second one running with 13points +.

Regards,
Jai

[Jai2000]

---

One interesting chart in USDINR ! Yesterday Rejection candle's high was 54.2425 next candle crosed high by just0.0025 points. End of day SL saved by just 0.0075 points !!! Today morning .45% gap up and went upto .85% ........

Jai

[rhtbaweja]

dsp revised to 5974.40 ....in 15 min tf




regards
Rohit Baweja

[smartcancerian]

DSP revised to 5868....but taken out...

[vinst]

[rhtbaweja]

ya vinist ...me too 5883.. ..... i think some people has treated today's rejection as valid rej ....(12:30)...for me its not .....here is the point ...what u say smart g

Regards

Rohit Baweja

[smartcancerian]

[skd2012]

Now VIX is up, it may do well. Reversal is above 5813 NF i think.

[skd2012]

[vinst]

nf 15 and 30 min tf: dsp 5842, Feb series

[skd2012]

[skd2012]