Intraday Trading

rangarajan

Well-Known Member
05/11/2012 Monday

Hi all,

From 8-11 it's Gann Turning Days but we will have only two trading days for that effect 8 and 9 Nov.

High and the Low of 8th will be important as whichever side the market breaches on 9th will indicate the future trend.

Bye
thakker,
Assuming 8-11 full working days,what will be gann strategy according to u.
When 8th & 9th r working,what is the significance of 8th as per Gann
 

kthakker0

Well-Known Member
thakker,
Assuming 8-11 full working days,what will be gann strategy according to u.
When 8th & 9th r working,what is the significance of 8th as per Gann
Hi,

We all know that Gann traded Commodities, so the cycles populated by him was based on the crop cycle and not like today (Intraday).

The days are based on different Seasons in which different crops were sown and then harvested, Moon also played is part in this cycle by using it's gravity in turning the tides.

Then comes the new and no Moon days which needs to be know as they also cast their spell on the world market.

The earth on its part played the role when it was near / far from the Sun at particular times, the so called Perihelion and Aphelion (Different Seasons)

Combining all the above with some risk taking calc we get the knowledge on how to trade and when to expect which trend.

Kabhi Kabhi gov apni tang beach mein daal deta-hai aur market ka demag phir jata hai, this gives us volatility.

Bottom Line
The above days are commodity cycle days... They have more prevalence on commodities but now a days the time difference is almost erased and there is no difference between equities / fx / commodities / derivatives trading.


Bye
 

kthakker0

Well-Known Member
05/11/2012 Monday

Hi all,

Today's open n high of 5760 has ensured that NF is about to trade at higher levels.

Note
Tomorrow chances of market opening gap up and sustaining trade at higher levels have increased with the current burst

Bye
 
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Bewinner

Well-Known Member
Thakker ji,

Only concern I am here seeing is midcap and smallcap indices are not trending up...Don't know whether it's a concern or it will go up tomorrow also...
 
05/11/2012 Monday

Hi all,

Today's open n high of 5760 has ensured that NF is about to trade at higher levels.

Note
Tomorrow chances of market opening gap up and sustaining trade at higher levels have increased with the current burst

Bye
There is something fishy about that opening high. Nifty spot opened a few points DOWN at 5693, so how come NF opened at 5760 ??
 

kthakker0

Well-Known Member
There is something fishy about that opening high. Nifty spot opened a few points DOWN at 5693, so how come NF opened at 5760 ??
Hi,

Nifty spot is a component of many caps and all have different weightage.

And most of the caps may, may not or will have negligible part to play in the rally. e.g Reliance although has the tendency to race the market is marred with it's own controversy and negative governance.

Nifty's derivatives is trading in premium of above 30 points which shows that market will be leveraged by a small group of high beta stocks.

And since I only trade NF I hardly give a look to most of the other F&O stocks.

But no matter what the opening of Spot Nifty is, it has to rally, the rally may not be as spectacular as we would like to see, but still I'll earn a handsome windfall.

So the bottom line, "Who cares weather Sport Nifty opens lower or higher as long as NF gives us our income"

And beside today's spot nifty has closed at 5704.20 which is a solid indication that rally with / without caps is in the making.


Bye
 

kthakker0

Well-Known Member
Thakker ji,

Only concern I am here seeing is midcap and smallcap indices are not trending up...Don't know whether it's a concern or it will go up tomorrow also...
Hi,

We look at everyone but we marry with only one.

The same logic applies in the market, look at all of them but trade in only in 1 (This is my logic) which you know will never let u down and along with your studies it's a terrific combination.

The other feature is it should be very difficult to curtail or compromise, most of the F&O stocks will have a flash message "95% is traded, you will not be able to take any new positions only square offs are allowed"

More the free float the better it is to be sure that the movement is natural.

So instead of taking other's headache trade / invest in those / that which will give you return as per your "Risk Management Profile", rest all is flowing water, you see you appreciate and walk ahead in your life, you don't worry for / about them.

See! this is how I trade and at the same time keep myself apart from the market.

I don't know what or how you trade, so if, incase this message is offensive, I am sorry.

Bye
 

kthakker0

Well-Known Member
05/11/2012 Monday

Hi all,

Today's open and range indicate that we are ready for a rally, which other stimulus helps us out is to be seen.

Tomorrow's range is same as today but for the rally to sustain 5782 is to be taken out decisively.

5722 is tomorrow's fulcrum

So lets wait to see how tomorrow spans out to be.

Bye
 
And beside today's spot nifty has closed at 5704.20 which is a solid indication that rally with / without caps is in the making.
One day it closes 4 points below 5700spot, one day 4 points above 5700, on lower volumes. I am still suspicious of the moves so sitting it out :)
 

rangarajan

Well-Known Member
Tomorrow's range is same as today but for the rally to sustain 5782 is to be taken out decisively

thakker,
I have seen many analysts using this word 'decisively' frquently & till date unable to understand the underlying.

Can u explain this jargon.