Traders Diary

[renu daga]

Re: Intraday Calls In Cash /futures

pshirukar

well i am not that much ,,eligible still,,,try to give u levels...
nifty fut is in buy,,,,for short term,,,
tgts which may act as res,,,,4975....and second as 5040...somewhat like this
second clause if nifty opens with gap up tom,,,then we should wait....and let it calm down and take pos in that manner...
in intraday nifty has strong res at 4935/4940...
which it has tried since last past few days to cross...but failing
if abuy position is atken then stop loss should be 4892....]

hope this will help u...

renu

 

[qa_y2k]

Re: Intraday Calls In Cash /futures

dear renu,sorry to bother you.I am stuck in a bad situation.could you please check your private messages and let me know.i will really appreciate it.
thank you

thanks,,,,dev,,and hitesh...
first of all thanks for replying me,,,and ,looking on to my work,,,,,,i too follow ur calls ,,and ,,devs study....THANKS,,,,i shall look to my ...negative side

renu

 

[renu daga]

Re: Intraday Calls In Cash /futures

qa 2k
strange id..!!!..
never mind,, i hope ur problem is solved...if not then let me know i am here help to u,,,

secondly as previously said mkt will open with gap up,,,since global mkts are strong,,,and dow bhaiya is also strong!!!
so in short term we are in buy with stop loss of 4892...and more strict stop loss....4835
renu

 

[renu daga]

Re: Intraday Calls In Cash /futures

hi
mkts opened with gap....stelite / ticso...and lt holding position,, stop loss raised to 750 in tisco,,and 730 in strelite
lt ..in delivery holding...
nos cope of buying today all up by 4/2%....

 

[pshirurkar]

Re: Intraday Calls In Cash /futures

Thanks mam for your correct view

 

[uasish]

Re: Intraday Calls In Cash /futures

Renu,

Saw in Union Bk about the Divergence/Convergence of RSI in tick data.

Asish

 

[renu daga]

Re: Intraday Calls In Cash /futures

asish da
thnks ,,,i am still in confusion now,,,
the chart showing rsi divergence according to me,,rsigoing down,,,and price going up,,hence this is clearly neg div,,so the price should go down,,
but here it is reverse...

but i dont lay stress so much on tick data...rather 60min or eod chart
hope u clarify me...or give me some good link to study...on this
renu

 

[uasish]

Re: Intraday Calls In Cash /futures

Hope now you will think what Ajay & Hari was trying to say yesterday.
The basic formula for RSI is:=

U= Up days average price;
D= Dn days average price;

100- { 100 / 1 + (U / D) }

Now plz ponder what Ajay was trying to say about Central point & why mathametically it happens (the Divergence/Convergence).

 

[renu daga]

Re: Intraday Calls In Cash /futures

okkkkkkkk
got it,,,my concept was a bit different,,i understand now what tehy said

renu

 

[renu daga]

Re: Intraday Calls In Cash /futures

nifty is now working with the trend lines,,,,as given in the chart...i hope seniors wil agree to this...any views..!!!highly apprecibale...
nifty cash wil face res at 5385/5485...and if these levels are crossed,,,or hit then we can again see abounce down,,and now this down should not again breach the lower bottoms...
so i wil agian suggest buy only for week tgts only....until full confirmation is sure no matter it shall be late...

renu