At the time of this post markets are trading at 5040 levels above our 5027 level mentioned yesterday.
This gives the market an even chance to hit 5070-5079 levels provided 5027 is maintained.
Looking lower, 5002 needs to be protected on the downside as maintained yesterday,
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10.53
Based on the activity so far, it does look like a normal day today .
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13.29
Trade Alert : Short Bank Nifty
Cost : 9242
Sl : 9290
Target : 9190/ 9150.
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14.02
Bank Nifty at 9160.
Target 1 achieved.
30 mins...80 points.
Book partial profits
Hold rest with SL at cost.
--------------------------------
14.41
9042 now.
I'm booking out.
200 points in 70 mins.
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14.55
Day high of nifty has been 5055 and in the Bank Nifty 9282.
The levels are very close to some levels we have seen earlier of inter-mediate term selling.5065Nifty and 9310 Bank Nifty are levels which we have spoken about for longs, very often on the blog.
Prices above these levels have failed to stand.
Profilers may make note of these levels for change of trend.
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15.16
Grasim Update :
Grasim has again bounced off 1740.
Though it has remained above this level despite weakness, the lack of continuation and the worsening medium term picture has me worried.
Keep SL below 1740 for this trade.Let's see if we can exit at slightly higher prices.
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15.29
Hope everyone had a good session today.
This is becoming more and more a day trader's environment and the risks of carrying positional longs are increasing by the day.
But for the profiler, there never has been a better time to trade the markets as now!
'cos we make our decisions on Order Flow!
Tuesday, June 8, 2010
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39 comments:
Good Morning Shai, thanks for the wake-up tweet. :)
good morning shai, friends, RM
Good morning Sai and other mates!
Hi pisreport,
i remember a query from you sometime back ...
you can sign into your blogger profile and change your personal details, including Display Name.
Goodmorning Shai Sir and friends
Thank you Mok, i will do that
Gm Shai,
Thx for ur level of 5027
I am long @ 5027 closing my Yesterday shorts & make a long trade.
Yt should be my sl?
I have place 5020 for it.
GM All.
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Musti,
5045, a level from yesterday has been hit. Above that it will be a tricky move to 5060-5079.Your Sl is good.
2 bounces so far from 5027.
Dear Shai can we go long here??or short below 5027?? I mean where the bias is?
Thanks
Bizagra,
It is a normal day as per the order flow so far.
So u trade those 10-15 points with the levels given.
5002-5027-5045-5079.
Even though we try to pinpoint accurately, please give 2-5 pts leeway.
13.29
Trade Alert : Short Bank Nifty
Cost : 9242
Sl : 9290
Target : 9190/ 9150.
thanks shai, pre order got exectued at 9190, very good enough, now got to sit and see the profile how it moved.
14.02
Bank Nifty at 9160.
Target 1 achieved.
30 mins...80 points.
Book partial profits
Hold rest with SL at cost.
Thanks for a great trade Shai, I was trading one lot only so booked at first target - will try to be more patient in future. :)
Below 5027 one way move to our 5003..
Trail Sl to 9200 for those holding more than 1 lot.
We were 10 points off target 2.
shai..
hi.. wht u ate n d morning..fr d secong trgt..
just perfect:)
Target 2 @ 9150.
HOLD.
i did not notice the NF though,,,
but its a beautiful field study,
no positions, but can still watch tthe levels coming to reach down.
Searching 9110.
Bring Stop to 9160
9110.
Hold same Sl look for 9042.
9125 Sl now.
We are entering buyer zone.
9016 will be a good point to book out the short.
If you are happy with the trade, you can book out here at 9072 too.
i am sure all will be happy whichever level they booked.
its a tech demo from beginning till now, the last call in prev comment
Hats off to you.
Wish Viren is watching and will comment today :)
9042 now.
I'm booking out.
200 points in 70 mins.
I said great trade, look like that was an understatement. :)
Mok,
Tech Demo . LOL. :) .
------
I'm keeping my eyes open for that bugger in Kolkatta who has been copying our levels for his paid service.
Let's see what he gave out at 1.30 today to his subscribers.
Superb call...
Shai if possible kindly brief way u have predict this trade..(with chart Bank nifty)
thanks
Gopkrish
Ha ha thats the greatest joke ...
:)
paid service on begged out levels
:)
once those clients learn about vtrender it will be a joke.
:)
Thanks RM.
It's not stopping is it??
---
4923-4954 critical levels for the Nifty.
Shai Great call as always.
I am offline just saw ur trades.
Though ur 5027 helps me alot today I again short & booked it @ 5000.
Now reentershort@ 4960 after breach of 4982
Lets see how much I can gain?
you should offer that freeloader a page here to complement you.
:)
Some stability and sanity returning.
We have made a "P" shaped profile today.
Odds of a rotation back to 5004 is called for.
4924-4954 are crucial levels for the Nifty.
Bye all.
See you later.
Bye Shai, celebration time. :)
bye shai, bye friends,
so this is mp ..
Looks Like relief rally is on card for tommrow
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