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Wealth Creation with Ankur |
ankur11_11
White Belt
Joined: 11 Jan 2010
Posts: 146
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Post: #46  Posted: Thu Apr 20, 2017 2:42 pm Post subject: |
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Reversal point for today of nifty April Future it is closing above 9190.71
Om Namaha Shivaya |
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EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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| Post: #47 Posted: Thu Apr 20, 2017 3:12 pm Post subject: |
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| You look at the daily super trend indicator? or hourly? |
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ankur11_11
White Belt
Joined: 11 Jan 2010
Posts: 146
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| Post: #48 Posted: Thu Apr 20, 2017 3:54 pm Post subject: |
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EOD my friend.
Sometime I follow Hourly IF i see market may be ranged bound , After a long Bull run , a small range bound trading session is obvious.
Now Hourly buy signal is going on , I did not book Profit , Because , Market is not reacting that confidently.Next Hourly Sell Signal Might be stronger... who knows for sure!
Om Namaha Shivaya |
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ankur11_11
White Belt
Joined: 11 Jan 2010
Posts: 146
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| Post: #49 Posted: Fri Apr 21, 2017 2:31 pm Post subject: |
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Reversal point for today of nifty April Future it is closing above 9126.91
(IF , Only IF you see Nifty future around 9079 , 10points plus minus ... Book Profit right away , If Nifty moves in to a range bound trading zone , this 9079 around level will be the low , Better put a Stop-Buy order there)
Om Namaha Shivaya |
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EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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| Post: #50 Posted: Fri Apr 21, 2017 3:21 pm Post subject: |
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| have you bought? or not yet? |
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ankur11_11
White Belt
Joined: 11 Jan 2010
Posts: 146
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| Post: #51 Posted: Fri Apr 21, 2017 3:24 pm Post subject: |
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| Bought it at 9129 ...lol ... do not hesitate. |
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EssJay
White Belt
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Posts: 270
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| Post: #52 Posted: Fri Apr 21, 2017 3:26 pm Post subject: |
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ok buying now..bought may fut at 9155
Last edited by EssJay on Fri Apr 21, 2017 3:30 pm; edited 1 time in total |
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ankur11_11
White Belt
Joined: 11 Jan 2010
Posts: 146
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| Post: #53 Posted: Fri Apr 21, 2017 3:28 pm Post subject: |
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Well , this is how one should decide when price is moving around the Reversal value :
See in 30min time frame ... a buy signal is near , w%r is rising ... chances are it will go up .. atleast for today .. tomorrow !, who have seen it ! |
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EssJay
White Belt
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Posts: 270
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| Post: #54 Posted: Fri Apr 21, 2017 3:34 pm Post subject: |
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| What is reversal value? |
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ankur11_11
White Belt
Joined: 11 Jan 2010
Posts: 146
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| Post: #55 Posted: Fri Apr 21, 2017 3:56 pm Post subject: |
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IMPORTANT :
Today was a Buy in anticipation of a range bound trading session ahead for nifty future.
Total 3 lot bought .. 1 was to squareoff past sold position ... 2 lot fresh position all @ 9129
In rangebound mode we switch to hourly signal / halfhourly signal from EOD.
But This has to be understood very clearly , the EOD sell signal is still continuing .. and the level is at 9190 even today.
Today I bought past sold position and bought fresh 2 lot with half hourly Buy signal of Supertrend.
Tomorrow , sell all position as soon as price nears 9190 ... i would say 9175 to 9180 ....... Better be safe than sorry. , and do not sell fresh.Keep your hands empty.
Why i am telling this : ... may be tomorrow there will be a gap up ... or may happen something before i could post , and you see my level.So this is prior instruction.Market opens , Put a Stop Sell within 9175 to 9180.
Tomorrow Do not sell fresh until and Unless there is a hourly sell signal near EOD reversal level... Get ready to miss some opportunity too LOL
IF Nifty starts to fall from tomorrow (worst case scenario : Sell all freshly bought position (2lot) with half-hourly sell signal (do not sell fresh) , The level is closing below 9107 at 9:45 AM or 10:15 AM or 10:45 AM ...watch every half hourly candle ... I hope you got it. |
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ankur11_11
White Belt
Joined: 11 Jan 2010
Posts: 146
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| Post: #56 Posted: Fri Apr 21, 2017 4:18 pm Post subject: |
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Sold at 9212 , bought at 9129 = profit of 83 points deducting 3 points for brkg .. its 80 points in 1 lot = 6000 rupees
The other sold position gave 3119 .. so total in last sell trading signal 9119 rupees of profit.
Loss remained as per Post: 09 Apr 2017 11:16 5007
So 9119 - 5007 = 4112 rupees of profit in this month still now.
Om Namaha Shivaya |
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ankur11_11
White Belt
Joined: 11 Jan 2010
Posts: 146
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| Post: #57 Posted: Fri Apr 21, 2017 4:26 pm Post subject: |
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| EssJay wrote: | | ok buying now..bought may fut at 9155 |
9213 EOD Sell signal continuing for May future .... book profit before this level.
Sell if 30 min candle closes below 9132 for May future. (No reversal level .. no fresh sell tomorrow)
Om Namaha Shivaya |
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EssJay
White Belt
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Posts: 270
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| Post: #58 Posted: Fri Apr 21, 2017 4:39 pm Post subject: |
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| thanks bro. |
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EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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| Post: #59 Posted: Fri Apr 21, 2017 4:46 pm Post subject: |
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| EssJay wrote: | | What is reversal value? |
Yes, but just to be sure, kindly post here if any signal emerges. |
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ankur11_11
White Belt
Joined: 11 Jan 2010
Posts: 146
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| Post: #60 Posted: Sat Apr 22, 2017 8:13 am Post subject: |
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Ah! ... I saw one of my faults there , in the post .
Please replace "tomorrow" with Monday LOL.
Its my problem , I may make such mistakes in future too , please be kind to replace all of future "tomorrow" with "next trading sessions".
How much I wish , that there will be no weekend/holiday in stock market 
Om Namaha Shivaya |
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