Intraday Trading

kthakker0

Well-Known Member
11/09/2013 Wednesday

Follow the given SL as the minimum far off target is 6069

Bye

16/09/2013 Monday

Hi,

NF steers 6029 And is definitely going for 6069

Reminder once again "Don't get caught on the wrong side"

5938 should prove to be a tough support for now.

Keep it as a SL for long and target 6069
Keep it as a SL for short and target 5700 or even lower.


Bye
19/09/2013 Thursday

Hi,

By now everyone knows that our Nifty will react / breach 6069 (the minimum level)

But also remember the tough "Resistance is 6094"

"Sellers Caught on the wrong side" need to worry as the Easy FII money will help Rupee gain very quickly and this should give RBI a chance / leverage to tinker with rates which will give...
  • Additional fuel for market to Rise and
  • Seller a near Fatal Heart Attack.
That's why the Warning - "Don't Get Caught On the Wrong Side was Displayed"

Bye
 

kthakker0

Well-Known Member
19/09/2013 Thursday

Hi,

With my 6069 target finally achieved.

I'll be looking for 6147 as a Reversal Level with in between levels like 6113-6118, 6133. With an eye on how much time NF trades < / > 6094

Where as now its Wait n Watch so as to see how much time the market Cheer's and Party's this Rally.

Bye
 

kthakker0

Well-Known Member
19/09/2013 Thursday

Hi,

With my 6069 target finally achieved.

I'll be looking for 6147 as a Reversal Level with in between levels like 6113-6118, 6133. With an eye on how much time NF trades < / > 6094

Where as now its Wait n Watch so as to see how much time the market Cheer's and Party's this Rally.

Bye
19/09/2013 Thursday

Hi,

With NF reversing from 6118.

Buying Puts > 6113 has indeed proved to be beneficial.

Bye
 

kthakker0

Well-Known Member
19/09/2013 Thursday

Hi,

With my 6069 target finally achieved.

I'll be looking for 6147 as a Reversal Level with in between levels like 6113-6118, 6133. With an eye on how much time NF trades < / > 6094

Where as now its Wait n Watch so as to see how much time the market Cheer's and Party's this Rally.

Bye
19/09/2013 Thursday

Hi,

NF has Reached
  • 6069
  • 6147

Now its time (for me) to see when to go short.

Perhaps tomorrow could be the best opportunity.

While keeping 6175 as the SL.

But if NF consistently trades > 6175 NF potential could be to trade at / > 6250

Lets see what happens and what signals the market gives me.

Bye
 

kthakker0

Well-Known Member
19/09/2013 Thursday

Hi,

NF has Reached
  • 6069
  • 6147

Now its time (for me) to see when to go short.

Perhaps tomorrow could be the best opportunity.

While keeping 6175 as the SL.


But if NF consistently trades > 6175 NF potential could be to trade at / > 6250

Lets see what happens and what signals the market gives me.

Bye
20/09/2013 Friday

Hi,

NF not trading above 6175 was the signal that market will tank down.

And oh! boy what a fall was there to play with.

My strategy is to book decent profits as n when I get the opportunity and cut my losses as quickly as I can.

I was short yesterday and I have book out today.

Bye
 

kthakker0

Well-Known Member
22/09/2013 Sunday

Hi,

As I was going thru some of the news, I came across these two questions.

  1. Will the USA government shut down?
  2. Will the Treasury Department be forced to default on some of the government's legal obligations?

Shut Down Means: Closing some government funded institutions like Passport, Parks, Musems etc. In effect increasing layoffs, increasing defaults, increasing lower spending, increasing the chances of US market trending lower

Default Means: No Money Fanna-Fanni

Shut Down to happen this coming Oct (Just around the corner)

Perhaps due to above reasons Fed did not initiate Any kind of Tapering

The above Factual Reality shivered the US market down 200 points on Friday.

Some big questions for investors are...
  1. Will the U.S. government shut down on October 1st?
  2. Will the U.S. government default on its debt?
  3. And what will corporate earnings look like next month?

Like Father Like Child... Congress and Indian Markets both follow US
  • An open secret that Indian market will Gap Down on Monday.
  • Oct Puts Premium will increase across the spectrum.
  • Those who have bought Puts or have already sold Futures (Any Series) will see proportionate increase in their bank balance.

This proves that...
20/09/2013 Friday

Hi,

The probability of market going down is high so Sellers can keep 6075 as the SL with max at 6095

Spot Nifty will find it very difficult sustain above 6016

Bye
In Friday's Intraday Reversal NF did not trade at or > 6075 but reversed from 6059

Bye
 

kthakker0

Well-Known Member
25/09/2013 Wednesday

Hi,

NF at 5831 has completed the fall required for the minimum target and hence merits to book profit at this level.

Intraday reversal could be seen from 5820

Any further fall below 5820 will see NF btwn 5781 - 5742

For any rally to continue further NF closing should not be below 5771

Bye
 

kthakker0

Well-Known Member
25/09/2013 Wednesday

Hi,

NF at 5831 has completed the fall required for the minimum target and hence merits to book profit at this level.

Intraday reversal could be seen from 5820

Any further fall below 5820 will see NF btwn 5781 - 5742

For any rally to continue further NF closing should not be below 5771

Bye
25/09/2013 Wednesday

Hi,

With NF nearly reaching 5820 has completed the minimum downfall.

We should see small intraday rally.

But I'll still wait for 5781-5742 levels before any meaningful rally is initiated.

Bye