tag:blogger.com,1999:blog-441270257889145227.post100555933301656441..comments2023-06-23T20:15:22.157+05:30Comments on Nifty Nirvana: 18022014SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-441270257889145227.post-11750882664119405922014-10-18T13:02:56.945+05:302014-10-18T13:02:56.945+05:30It is good to exit below the red bar
Then a long n...It is good to exit below the red bar<br />Then a long narrow consolidation can happen above BRN and filnally a TRAP like pattern at BRN. If you keep the stop below BRN this TRAP pattern will stop you out and move up without you.Like something happened at 6130 and 6140 consolidations. A BPB should move immediately as the pull back is already over<br />Otherwise it becomes a FTC after which price can consolidate or reverse<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-84899907417162919812014-10-18T10:52:14.626+05:302014-10-18T10:52:14.626+05:30Hi ST,
Please can you explain "If price break...Hi ST,<br />Please can you explain "If price break fails just exit and try to buy at BRN." Would you have kept SL (if you recall, pls) for the first long below the red bar? IF you were stopped out, what would you expect to happen to buy at BRN? Thanks. Trekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-65677957120251218862014-02-20T13:24:25.383+05:302014-02-20T13:24:25.383+05:30Akki
So for 1 lot of NF we may need 150000 as mar...Akki<br /><br />So for 1 lot of NF we may need 150000 as margin?<br /><br />STSMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-29646495277137729272014-02-20T12:49:09.204+05:302014-02-20T12:49:09.204+05:30http://www.business-standard.com/article/markets/m...http://www.business-standard.com/article/markets/margin-funding-sebi-rbi-look-at-rule-loophole-114021500896_1.htmlakkihttps://www.blogger.com/profile/03347519236544861210noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-86253726356519380042014-02-20T12:48:16.324+05:302014-02-20T12:48:16.324+05:30Volume are drying due to various factor:
1.) Nifty...Volume are drying due to various factor:<br />1.) Nifty is range bound 6000+ levels, traders are not confident for either Long/Short.<br />2.) General elections<br />3.) Last and very important :<br />"While Sebi allows brokers to provide margin funding, the customer has to provide an initial margin of 50 per cent"<br /><br />http://www.business-standard.com/article/markets/margin-funding-sebi-rbi-look-at-rule-loophole-114021500896_1.htmlakkihttps://www.blogger.com/profile/03347519236544861210noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-20134084878848906642014-02-19T17:15:51.782+05:302014-02-19T17:15:51.782+05:30RK
I joined these forums long back. At that time ...RK<br /><br />I joined these forums long back. At that time there were many people who cared and shared. <br />Later all these teachers had to leave the forum or keep silent. People were more interested to disprove than absorb the knowledge they shared.<br />They suffered a lot of tension, mental agony, and insult for sharing their knowledge. <br /><br />ST SMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-11831957358635807682014-02-19T12:30:43.025+05:302014-02-19T12:30:43.025+05:30Hi ST,
I saw your reply to Sunando..I am just cur...Hi ST,<br /><br />I saw your reply to Sunando..I am just curious..What happened to Saint & others?<br /><br />RKAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-555416427492720462014-02-18T23:12:31.914+05:302014-02-18T23:12:31.914+05:30Thanks ST for the elaborate reply
TBPThanks ST for the elaborate reply<br /><br />TBPAnonymoushttps://www.blogger.com/profile/14731335637770891761noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-40045959436828124952014-02-18T21:13:58.625+05:302014-02-18T21:13:58.625+05:30Kishore
I was also shorting the break of MSP.
Gen...Kishore<br /><br />I was also shorting the break of MSP.<br />Generally MSP crack is considered as trend change.Expectation was the break of 6130 low and a quick down move through the fluid<br /><br />ST <br />SMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-40580480341764129172014-02-18T20:57:12.261+05:302014-02-18T20:57:12.261+05:30St
Why i am asking this is I shorted the MSP cons...St <br />Why i am asking this is I shorted the MSP considering 6130 - 6150 a single range <br /><br />rgds<br />KishoreAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-42607442755671260762014-02-18T20:55:18.646+05:302014-02-18T20:55:18.646+05:30Yes ST ..thanks
But then again the low of Range 2 ...Yes ST ..thanks<br />But then again the low of Range 2 was very near ...<br />So we dont have to consider previous ranges ?<br /><br />thanks n rgds<br />Kishore <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-5574956636486253042014-02-18T20:44:04.886+05:302014-02-18T20:44:04.886+05:30Kishore
What you have drawn now is correct.
But o...Kishore<br /><br />What you have drawn now is correct.<br />But only in hind sight analysis. Your third range established clearly only after the down move where I took a BOF trade.<br /><br />Till then what was the assumption?<br />I considered it as a range between 6150 HOD and 6140 the high of previous range which broke and supposed to act as support <br /><br />Hope it is clear<br /><br />ST<br />SMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-8382871766709623152014-02-18T20:29:34.613+05:302014-02-18T20:29:34.613+05:30Hi ST
http://tinypic.com/r/1fzjmt/8
Are my marki...Hi ST<br /><br />http://tinypic.com/r/1fzjmt/8<br /><br />Are my markings of the ranges correct ?<br /><br />I dont understand when you say there is a range between 40-50 .<br /><br />If the markings are correct , could you please let me know why did you initiate a trade (last short) just above range low .<br /><br />If my marking is wrong why did you consider 40 as range low ?<br /><br />Please help .<br /><br />thanks n rgds<br />Kishore SMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-40973739466206992022014-02-18T19:40:14.713+05:302014-02-18T19:40:14.713+05:30Sir,
Thanks a lot for explaining in detail. Everyd...Sir,<br />Thanks a lot for explaining in detail. Everyday, I have something to learn from you through my queries or that of others.<br />S.Karthikeyannifty for breadhttps://www.blogger.com/profile/02415575279535390307noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-15317859395689312772014-02-18T19:20:57.687+05:302014-02-18T19:20:57.687+05:30SK
Previous day Nifty was in a tight trading range...SK<br />Previous day Nifty was in a tight trading range and morning it was breaking out of the range.Breaking out of previous day range is a major transition.I was aware of the NS BRN.<br /><br />Price broke IRH and a very strong level PDH/PDC/BRN confluence very coolly without a pull back<br />usually such moves will not end without a second leg move before consolidation. Further risk was very low. If price break fails just exit and try to buy at BRN.<br /> <br />Level breaks work only on the traded instrument.No body will keep SL or limit orders on spot. The only thing is that we must be well aware of the area and there is a possibility of institutions defending the area.<br /><br />ST<br /><br /> SMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-89100300779044564072014-02-18T18:57:59.437+05:302014-02-18T18:57:59.437+05:30Sir,
Nifty Spot was 6096, when you entered the fi...Sir, <br />Nifty Spot was 6096, when you entered the first BPB trade. Is it not necessary to wait for the BRN Spot to get broken?<br />Thanks<br />S.Karthikeyannifty for breadhttps://www.blogger.com/profile/02415575279535390307noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-9631211176315981332014-02-18T16:23:37.139+05:302014-02-18T16:23:37.139+05:30Kishore
A point above the previous high
6156.
Avo...Kishore<br /><br />A point above the previous high<br />6156.<br />Avoid trades in the direction of trend after 3oclock especially market is trending from the morning. <br />Your trade was at 15.06. From 15.10 onwards most of the brokers will run auto square off of the MIS positions. <br /><br />ST<br /><br />SMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-60163397931016309262014-02-18T16:03:02.696+05:302014-02-18T16:03:02.696+05:30TBP
Market was trading in a range 6130-40. Tested...TBP<br /><br />Market was trading in a range 6130-40. Tested 6140 thrice and later broke it. Now this is a strong flip. RN 6150 started resisting. Then I considered as 6140-50 as a new range. <br />BOF happened at RN. It was short below MSP. But range low was too close. Price gave a small bounce there and later broke the area. I went short here. But the trade failed.<br /><br />ST SMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-39789012292377895652014-02-18T15:52:50.353+05:302014-02-18T15:52:50.353+05:30Hi ST,
For me the TRAP long triggered in the high...Hi ST,<br />For me the TRAP long triggered in the highest bar at 15:06..<br />Where were you planned to enter?<br /><br />rgds<br />KishoreAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-3836221570306289202014-02-18T15:47:57.035+05:302014-02-18T15:47:57.035+05:30Hi ST
Could u please run through the thought pro...Hi ST<br /><br />Could u please run through the thought process while taking the BOF trade?? I thought the previous range low was just below. Am i wrong in my thinking??<br /><br />Thanks<br />TBPAnonymoushttps://www.blogger.com/profile/14731335637770891761noreply@blogger.com