Intraday Trading

kthakker0

Well-Known Member
12/08/2013 Monday

Hi,

All in all 5664 remains the tough resistance as of now while NF is still in Sell Zone for 5469-5430 levels

Bye

13/08/2013 Tuesday

Hi,

NF seller's keep 5705 as the SL

Bye
13/08/2013 Tuesday

Hi,

If NF trades > 5705 the probable targets are 5725 - 5745

Bye
14/08/2013 Wednesday

hi,

The target of 5745 was profit booking.

Those who have sold NF keep a SL of 5763

5705 is acting as a strong support as of now. Break below it will see 5690-5665

Bye
16/08/2013 Friday

Hi,

With all the above coming true one after the other it was a simple game of knowing where to keep a SL and when to short.

5764 was not even traded let alone breached so that SL was worth it and those who had stayed short will be very happy today.

This one way down fall also confirms that 5469-5430 should become a reality very soon.

Bye
 

kthakker0

Well-Known Member
16/08/2013 Firday

Hi,

Technically 5664-5684 was the real resistance for NF.

But the unwanted short term measures taken by Chiddu in regard to rein in CAD and give some fillup to falling Rupee made the market rally.

But today all those measure have proved to be counter productive.

With Spot Nifty trading -145 points tells us, that a country can never grow with short term measures.

India needs substantial incremental measures which will give, if not all, but most of the required fill up to grow more beautifully, where the fruits of labor is reached to the grass root level people.

This can only be achieved where manufacturing along with Service Sector is given the required fill-up with non ambiguous Sector and Investor friendly Tax Laws.

But it seems that Chiddu and his party is miles away from these kind of ideology.

Be ready for a Sea Change
All in all be ready for a real Technical bounce after NF trades btwn 5469-5430

NF should not close below 5430 for the above mentioned technical bounce to take shape.

Lets see what happens

Bye
 

kthakker0

Well-Known Member
16/08/2013 Firday

Hi,

Those who had sold at 5745 levels should book profits for the day and then enter shorts again if and when NF rises.

5625 is hard to cross and trade above, but if in any case that does happen we are always ready to reap the benefits.

Bye
 

kthakker0

Well-Known Member
16/08/2013 Firday

Hi,

Be ready for a Sea Change
All in all be ready for a real Technical bounce after NF trades btwn 5469-5430

NF should not close below 5430 for the above mentioned technical bounce to take shape.

Lets see what happens

Bye
19/08/2013 Monday

Hi,

With our target tagged and bagged for the day, now it's time to see weather the technical bounce will happen or not.

Bye
 

kthakker0

Well-Known Member
19/08/2013 Monday

Hi,

With my target 5430 tagged and bagged for the day, I have already switched sides and now I am trading for rally.

I know it's foolish to even talk of rally, but that's the beauty of this market, because rally may or may not come, but still, traders have to fish in troubled waters to get "The Pearls"

I have kept 5391 as my SL for all my long.

I have calc both, lower and higher targets along with the required SL so need not worry about that as well.

The way I have been rewarded till now, I can afford to say once again

"Lets see what happens next".


Bye
 

DSM

Well-Known Member
Thakker bhai, What is your target for long?


19/08/2013 Monday

Hi,

With my target 5430 tagged and bagged for the day, I have already switched sides and now I am trading for rally.

I know it's foolish to even talk of rally, but that's the beauty of this market, because rally may or may not come, but still, traders have to fish in troubled waters to get "The Pearls"

I have kept 5391 as my SL for all my long.

I have calc both, lower and higher targets along with the required SL so need not worry about that as well.

The way I have been rewarded till now, I can afford to say once again

"Lets see what happens next".


Bye
 

kthakker0

Well-Known Member
19/08/2013 Monday

Hi,

I have kept 5391 as my SL for all my long.

I have calc both, lower and higher targets along with the required SL so need not worry about that as well.

The way I have been rewarded till now, I can afford to say once again

"Lets see what happens next".


Bye
19/08/2013 Monday

Hi,

After hitting 5425 NF tested 5470 for resistance (our 5469) it was a shorting zone as 5430 had to be tested for support.

It broke 5425 and thereafter NF could not trade above 5450 thus making 5469 a tough resistance. This 5450 again became the sell zone for 5391 levels.

Today's fall has completed all out targets. The lower targets are much lower for markets to fall to that level.

So instead of shorting I'll be a buyer from lower levels.

NF lower level is 5313 and higher level is 5625


Bye