Intraday Trading

[kthakker0]

19/03/2013 Tuesday

Hi all,

We wait for some sort of temporary pact to be made btwn DMK and Congress on 21/03/2013

With today's fall the rally has turned negative and has changed into a falling Wave C and the levels are 5714, 5672 and 5545 while keeping 5782 as the SL


Bye

20/03/2013 Wednesday

Hi all,

With one of the target 5714 been achieved (more / less) we wait for 5672.

As said 5782 is the Resistance, we will wait for NF to trade substantially and close above 5782 for any rally or confidence to return in the market.

Intraday levels are 5736 is support and 5768 is resistance.
> 5768 its 5782, 5800
< 5736 its 5714, 5700-5690

21 and 22 are Gann Turning Days. Tomorrow's open is important, go long when NF trades > its open price and vice-verse.

NF closing < its OP is not good for the market and vice-verse.

Bye

 

[kthakker0]

20/03/2013

Sell DLF at 249-250 SL above 253 Target = 244-241

 

[kthakker0]

20/03/2013 Wednesday

Hi all,

5736 was the intraday trend decider and we have achieved our intraday target of 5700.

Tomorrow this 5736 will become what market want's it to become, resistance or support.

If this intraday Elliot Wave is Wave 4 then the minimum upside target is 5790 then 5816-21 This will be along with our normal levels of 5782.

Tomorrow 21/03/2013 many things are coinciding

1. Gann Turning Day
2. Beni to be sacked. Mulayam ko aur Mulayam bannay key liyea
3. Last Day of DMK ultimatum.

As per India's international position it's highly unlikely that DMK will be part of UPA II.

Deviation in 2 n / or 3 will help us in meeting our lower targets quickly.

Tomorrows open is important and close > / < it will decide further market trend.

For me, my minimum target is 5670 not necessarily to be achieved tomorrow.

Bye

 

[kthakker0]

21/03/2013 Thursday

Hi all,

NF OP at 5730 is the fulcrum for today. Support is btwn 5723-5704

NF not breaking yesterday's low will confirm that most factors favor rally till 5782.

Today's range is 5703-5782 TS = 5736

Let's see how the market performs today.

Bye

 

[sabhlok_r]

21/03/2013 Thursday

Hi all,

NF OP at 5730 is the fulcrum for today. Support is btwn 5723-5704

NF not breaking yesterday's low will confirm that most factors favor rally till 5782.

Today's range is 5703-5782 TS = 5736

Let's see how the market performs today.

Bye

Thanks for the levels Thakker.... however nf already below the lower support of 5703.
What is the next level from here?

 

[kthakker0]

20/03/2013 Wednesday

Hi all,

5736 was the intraday trend decider and we have achieved our intraday target of 5700.

Tomorrow this 5736 will become what market want's it to become, resistance or support.

Tomorrows open is important and close > / < it will decide further market trend.

For me, my minimum target is 5670 not necessarily to be achieved tomorrow.

Bye

21/03/2013 Thursday

Those who went ahead to short at 5736 are lucky enough to take profit (5690) home in the 1st hour of market

Since 5690 is achieved I'll wait 5670-65

Bye

 

[kthakker0]

21/03/2013 Thursday

Its amazing to see how this market boils blood and sweat, both at the same time and then rewards, only those who believe in the market with fantastic rewards.

Buying above 5690 was a rewarding experience to take home big profits.

Its seems highly unlikely for NF to breach 5805 at this time. But as always you never know what will happen.

Bye

 

[kthakker0]

21/03/2013 Thursday

5782 did pose as the main resistance and 5736 did not provide any support either.

Rally khatam paisa bank kay aander

So now its 5670-65 or may be even lower.

Keep today's OP 5730 as the SL for any trade you take. CP > 5730 will keep the dying sentiment alive, but for how long is any one's guess.

Bye

 

[kthakker0]

21/03/2013 Thursday

Gann Turning Days are always important and gives true account of what can happen.

5665 provides tough support. Target achieved.

Happy Holi

Bye

 

[kthakker0]

22/03/2013 Friday

Hi all,

1500 points fall is forecasted in DOW

90 point fall is forecasted in S&P

Both forecasts are without any SL levels, this means, "A Confirmed Downfall"

Be careful

Bye