Expect a healthy correction today …
keep stoploss at 8156 and sell nifty any where below it on down swings but if at any point nifty f will get support and reverses its direction do not hesitate to initiate long position also with stoploss below any support level or below days low .
2 to 3 reasons are there
It is Friday …FRY day …global scene is not very gud ..our economy is sluggish yesterday noticed … market is trading with increased volatility means kuch hone wala hai but kya ?
FIIs are buying heavily will they allow nifty to fall more ?? http://prntscr.com/4jst7p
channel is pulling in Nifty prices last 2 candles are perfect reversal candles 1 or 2 more red will confirm how much will be total retracement / correction ..7750 70 will be seen if it will move to channel bottomhttp://prntscr.com/4jslp4
Possible opening flat to negative.. possible sentiments …profit booking at swing highs which may turn in panic sell off at later stage on lower levels if bears will be dominating more…so plan your trades as per move ..if you are watching that stock specific is moving up buy that on dips with proper stop loss order and book profit on possible resistance / pivot level .
1. Now question is how we expect where instrument will go ?
2. what/ where will be its possible target / targets ?
3. where will be its stop loss ? if it will not move in desired direction ?
Now we will try to find answer of question 1
it depends on market condition and we have to consider many factors like where scrip is trading is it trading above support or trading below resistance ? is it over bought or is it at over sold situation ? is any new coming which may effect its move ? is it making any chart pattern ? seeing all this also considering pivot level s , gann levels , eliott waves chart structure in multi time frames like weekly daily 4 hrs 1 hr 30 min , 15 min / 5 min and lastly 1 min we plan whether to buy or sell … if buy we will plan we will search for stop loss order .
now we think about question 2 for that we use charts , pivot calculators , gann calculator, camrilla calculator , fib calculator all are same calculating funda is different and u may get slightly different numbers and in market 0.5% tolerance we must have to accept in any condition because it is expectation / prediction where millions of participants /robots are placing trading orders.
for stoploss order we choose second nearest pivot level or very strong support / resistance and we place our stop loss order few pips away from that .
Trade in NF as per these levels
Buy at / above: 8156 Targets: 8186 – 8208 – 8231-8258
Stoploss : 8132
Sell at / below: 8132 Targets: 8111 – 8086 – 8059 – 8036- 8014
Stoploss : 8156
Nifty immediate support is at 8100 then 8054 59 and then 8013 18.
bottom to bottom milaya and top to top ye bana u can see dono red last wala aaj lamba red aaye to mat kehna ..200 se 300 points ki 1 candle red wali u may expect on Fryday sell at 16050 140 sl 16180 tgt 16012 15812 ..Stay at dhanvarsha chatroom
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10000/- gained on single trade
cipla traded at 552.40 well below tgt 1 SELL advised at 4 Sep 14, 10:11 AM [×] [o] admin: SELL cipla f at 564.70 sl 571.20 tgt at 554.65 545.20 >>>.536. http://prntscr.com/4jitgq gained more than 10000/- per lot
8000/- per lot gained on Ambuja
[×] [o] admin: ambuja traded at 209.25 bang on tgt 2 premium call was 4 Sep 14, 10:17 AM [×] [o] admin: SELL ambuja f at 213.05 sl 215.80 tgt 211.20 209.30 gained 8000/- per lot Dhanvarsha http://prntscr.com/4jid8b will u update gains please on ambuja ??
18000/- on nano
[×] [o] admin: tata motors trdaed at 512.60 gained more than 18000/- per lot calls were … 3 Sep 14, 09:21 AM admin:SELL tata motors futures at 528.65 530 sl 533 tgt 524 521 >>>>>502 and this call kailash123p@yahoo.co.in (9/4/2014 9:37:13 AM): SELL nano at 518 520 sl 523.70 tgt 513 508 502
150 points in BNF
[×] [o] admin: BNF traded at or below 16020 call was 3 Sep 14, 11:37 AM admin: SELL bnf at 16172 sl 16256 tgt 16071 16006 15775 call to free chat room mentha http://prntscr.com/4jiyh5 kisine update hi nahi dia gains ka 150 bnf point kum to nahin hai ??/
5000/- or more loss on Axis sl hitting
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Expect a healthy correction today
