Daily Tryst with Nifty

[WOD]

What I have noticed is when the candles are sticking to one end of the channel or resistance then it breaks out on that side. If it ever goes to the other side then rapid move away from the side will sometimes continue till it breaks out. check out some daily charts from feb-mar.

I am not very experienced either. Most of what I know is by reading and watching other experienced traders.

LT bro, I did not understand this....Can you please explain it for me....

Thanks...

 

[Sunil]

(posting has happened twice)

 

[Sunil]

The price pattern in the picture you have posted, what is it called?
Interesting observation though, I will be lookng out for it.

This is called Divergence trading...
the best school for learning from KG to College level of Technical analysis is this
I would recommend EVERYONE to take (virtual) admission here every day.

LT, the college section explains the Divergence trading & its rules.

 

[MurAtt]

May be I have made right decision to exit my PE's booking loss today........I think its foolished to keep option trade open overnight before 1 week of expiry...Lesson learned not to forget....

Alright....spending some time to learn Jcharts now.....anyone expert here?

WOD bhai,

Mera PE to subah me sq off ho gaya tha. Phir bot 4x4500CE and sq off with some very small profit. Then bot again 4400PE at 54 (when mkt was at 4460)sq off at 39 when mkt at 4490 and meanwhile bot 2x4500CE when mkt at 4470 @73 and also bot 1xRIL2010CA@53. Sq off one CE at 97, holding the second for 2morrow. RIL sq off (though a bit early, did not want risk as mkt at 4520 spot) @63/-.

So for 2morrow only 1x4500CE. Am thinking Aug call ATM, will see 2morrow and maybe take on monday, lets see....

 

[MurAtt]

LT bro --- Yahoo charts, I just track RSI and STS. Thats it -- my complete intraday trading is based on this and price patterns like TL b/o, HnS, Wedge, IB, Rectangle, etc.

I check NSE Option Chain too when I am and after EOD.
You'd be surprised to know that in the Aug series a lot of put writing is happening brtween 4500 (OI double today) upto 5000!!!! And even 5300 put is being written but that I think would be sq off once market moves up (Premium eating).

Even w/o these patterns there are always some times when we feel that the market has strength/weakness and we take a decision based on that.

 

[WOD]

Can some one please let me know how to draw fibonanacci extention on Jchart....I was successful drawing fibonacci retracement.....

 

[Sunil]

acid test for 2652 method today, as target is yesterday's high 4570!!!
:-?

let's see

target hit the dot


PS: 4570 is also the R1 for today, as per classical pivot calculation

 

[WOD]

target hit the dot


PS: 4570 is also the R1 for today, as per classical pivot calculation

Classical pivot calculation? Sunilg, can you please guide me to to calculate these pivots for the next day?

Thanks.

 

[praveen taneja]

SGX dekha kya --- Bid 4610, Ask 4617

Kal bam phatne wala hai lagta hai

WOD bhai,

Mera PE to subah me sq off ho gaya tha. Phir bot 4x4500CE and sq off with some very small profit. Then bot again 4400PE at 54 (when mkt was at 4460)sq off at 39 when mkt at 4490 and meanwhile bot 2x4500CE when mkt at 4470 @73 and also bot 1xRIL2010CA@53. Sq off one CE at 97, holding the second for 2morrow. RIL sq off (though a bit early, did not want risk as mkt at 4520 spot) @63/-.

So for 2morrow only 1x4500CE. Am thinking Aug call ATM, will see 2morrow and maybe take on monday, lets see....

Results today: RIL, Reliance Petroleum, Ranbaxy, GAIL, HCC, Jet Airways, Emkay Global, Fortis Healthcare, Shree Cements
Andhra Cements, BGR Energy, Bharat Electronics, Bharat Forge, Bosch, Ceat, CESC, CRISIL, Dolphin Offshore, EMCO, Eveready Industries, FACT, Geometric, Gujarat Industries Power, Hindustan Motors, ICRA, JK Lakshmi Cement, Mahindra Lifespace, Redington, Shriram Transport Finance, Spice Mobiles, Tata Metaliks
Happy Bday Murtaza bro
:clap::clap::clap::clap:
God bless u more n more

 

[rider.royal]

Happy B'day S.M. Bro... many many returns of the day ...