Intraday calls for 19-08-11
Markets likely to open lower
If Markets show recovery later, buy BHEL
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Abdullah Says:
August 21st, 2011
Posted at: 1:07 pm
Hi YOGI, Hey, I'm not from Japan LOL :D
Ok, now lets see what we have here :
KUMO = Cloud (aka Ichimoku cloud)
SENKOU SPAN A = (TENKAN SEN + KIJUN SEN)/2 time-shifted forwards (into the future) 26 periods. Also called leading span 1, this line forms one edge of the kumo, or cloud.
Where, Tenkan Sen = (HIGHEST HIGH + LOWEST LOW)/2 for the past 9 periods. It is also known as the "Turning Line"
KIJUN SEN = (HIGHEST HIGH + LOWEST LOW)/2 for the past 26 periods. It is also known as the "Standard Line"
SENKOU SPAN B = (HIGHEST HIGH + LOWEST LOW)/2 for the past 52 periods time-shifted forwards (into the future) 26 periods. Also called leading span 2, this line forms the other edge of the kumo or cloud.
So, added some English to simplify Japanese terms, just as you wished :)
Sunil Rao Says:
August 21st, 2011
Posted at: 1:08 pm
Hi Abdullah, GM, Market Bottoms / Tops are formed when people are least expecting. Market bottoms / tops are usually formed when the momentum turns too high. As per 50-day PWO Momentum Indicator, which closed below -1200 on friday, indicates a strong case for a upmove. 50-day PWO has never stayed below -1000 for more than 2 days in last 12 years. Last time it was below -1000 on 26/10/2008 for only 1 day. Although the PWO Momentum Indicator does not confirm the reversal, but does confirm an reactive upmove to ease off the negative momentum.
Good Morning CB, Kb, YOGI and all :)
Abdullah Says:
August 21st, 2011
Posted at: 1:09 pm
Hi YOGI, Thats a nice picture (reference your post @ 12:33 pm) :DDD
Sunil Rao Says:
August 21st, 2011
Posted at: 1:12 pm
Hi YOGI, Nice one :)
Abdullah Says:
August 21st, 2011
Posted at: 1:14 pm
Hi Sunil Rao, GM :) . OK SunilJi, just help us catch the upmove as soon as possible. I dont want to be left behind. Just let us know if an entry can be made and I think we will follow suit. Expecting an upmove to be fast and furious, so lets take the opportunity !!! What say???
Sunil Rao Says:
August 21st, 2011
Posted at: 1:20 pm
Hi Abdullah, I'm expecting this upmove tomorrow itself, as 50-day PWO has already been below -1000 for 2 consecutive days (-1039 and -1206 respectively). Lets see. But would advise to enter hedged positions only.
Abdullah Says:
August 21st, 2011
Posted at: 1:20 pm
Hi Kb, GM :) . Thanks for the info. Will short/long at any given chance. Opportunities will come either side. Hope that we cash on the opportunities and make money irrespective of the fact as to which direction Nifty goes :DDDD
gayaram Says:
August 21st, 2011
Posted at: 1:20 pm
Hi ALL, HAPPY GOKULASHTAMI TO ALL.
Abdullah Says:
August 21st, 2011
Posted at: 1:23 pm
Hi Sunil Rao, Ya. Will hedge for sure. Kindly tell us which can be better :
1) Enter future + hedge with an option
2) Enter 2 options, opposite in nature, where one will hedge the other
3) Any other ideas?
Abdullah Says:
August 21st, 2011
Posted at: 1:25 pm
Hi gayaram, GM, happy Janmastami to you too :)
gayaram Says:
August 21st, 2011
Posted at: 1:31 pm
Hi Abdullah / Sunil / Yogi / KB , GA. You people are knowledge of books. Very interesting to read today's queries.
Hi Abdullah , GA. Are u keeping fasting. Advance wishes for RAMZAN.
YOGI Says:
August 21st, 2011
Posted at: 1:35 pm
Hi Abdullah, thanks and thanks yaar , u reduced(did) my work ,asked english everyone will understand it.always market no sometimes sense of humor .i will post fibona...retra... chart...
Hi Sunil Rao, thanks bhai
Hi Sunil Rao,abdu ,cb , ga
Sunil Rao Says:
August 21st, 2011
Posted at: 1:36 pm
Hi Abdullah,
For Intraday, Buy above 4890, Strict SL, 4875, Target:4980.
For Short term: Buy Futures above 4890 with 4900PE (sep) as hedge.
Or Buy 5000CE (sep) + 4600PE (sep).
Book profits at your own discretion.
Hi gayaram, Thanks and same to you.
Abdullah Says:
August 21st, 2011
Posted at: 1:38 pm
Hi gayaram, Thanks :) Just for info, I'm not fasting. Abdullah is my screen name or Gravatar. Plz dont ask me what made me choose the name "Abdullah" !!! After all "whats in a name" ??? And just another small request to you. Please do not include me in the list of people who are "knowledge of books". I am a novice. Still "miles to go before I sleep" :)
Sunil Rao Says:
August 21st, 2011
Posted at: 1:39 pm
Hi Abdullah, All are spot prices
Abdullah Says:
August 21st, 2011
Posted at: 1:41 pm
Hi Sunil Rao, Thanks a lot Sunl Ji. Will note and keep a track of those levels :) BTW, if you enter any/all combinations, please inform us...