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Hi All , ====================== Context is India Market ====================== Lets see today the STT (Securities transaction tax) trap for in the money options which are not squared off before expiry. (If you don't square off its called option exercised) First of all let's understand what is In the Money (ITM) option call /put ? Let's say Nifty spot price...

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Hi All, Everything on chart given. Wait for Monday price action. (Haste is waste , patience) Once First target is achieved Book partial /full profit and trail the rest in case of partial profit booking. Remember : Profit (Finance) wahi jo ghar aya :-) . Note : Consult your Financial adviser before investing. Risk of financial loss. This is for...

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No Naked put /call or Futures positions: Following 3 strategy : 1)Buy 1360 calls , Sell 1420 or 1400 or 1380 call 2) Buy April futures and Sell 1360 or 1380 April call 3) Buy 1360 call 2 or 3 lots and Buy 1-2 1360 put lots (Put : Call Ratio can be as per your choice ) My Position is 1360 call buy , 1400 call sell . Please note : Consult your financial...

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Hi All , I assume many members here might have gone through some Technical analysis Training programs , Be it indicators,Patterns ,Elliot/Neo wave , Gann Study or Trading psychological training (Online or Classroom session). In case you if you have learnt it on your own than what books /online resources you followed? Can You share (online link if...

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Hi , Need help from Neo wave Specialist : What are the price and time similarity in neo wave 7 legged diametric if anyone can let us know that would be gr8. Vertical price bar marked as leg a-c-e-g (currently g leg happening) Pull back from top of previous veritcal to bottom of next vertical are b-d-f legs (6-7 days) If g is longest leg than nifty targets can...

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Hello All , Markets waiting for todays US FED rate hike decision: Just some observations on: ABCD pattern : I know BC has to be .61 of AB , but in this case its 0.5 So 1.23 projection is 9220 , 1.38 projection is 9380, 1.5 projection 9510 (<---- IT and Pharma need to support) Previous down leg from sep 2016 to dec 2016 is : 16 Bars Bar Counts from 26 dec...

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Hi All , Just a few observation on ITC time study (This is not price study). Every rally is getting corrected in half time of previous rally ,So if this 3 bar correction rally will get corrected in 1.5 bars i.e 7-8 days i.e BY 17the march ???? If yes you know where will be NIFTY. If we study ITC, RIL , Infy we will get fair idea on where will be...

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Hi All , I'm sure you might have seen the post on Cipla by our champ AbhishekHSinghCMT , If you haven't please do see . Following are my observations on CIPLA weekly chart time study : Please note numbers 16,24,40 all are multiples of 8 , Significance of 8 (It's a fib number) 1)Rally from may 2014 - 40 Bars Above rally gave double top in 24...

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Hi All, Let see today Nifty Put/Call Ratio open interest : Following is the NSE link for Nifty Put/Call options Open interest : www.nseindia.com Now In Market the option (put/call) writers make money (most of time) i.e they say that's the smart money(Even though there is risk of unlimited loss and limited profits) Can Any one share whats the logic that...

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Hi All , This is just time study and not the price target/ level study. Considering Nifty weekly chart , Aug 2013 is main starting Anchor point I have considered: Following are longer time observation Aug 2013 (low) - March 2015 (high) - 79 bars (i.e weeks) March 2015 (high) - September 2016 (high) - 79 bars Sep 2016 (high) - 12-19...

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Hi All, Continue with Patterns : Bat Pattern : XABCD are the point to be considered with following ratios AB (fall) = 0.38 or 0.5 times XA (rise) BC (rise) = 0.382 or 0.886 times AB (fall) CD (fall) = 1.618 or 2.618 times BC (rise) Interest point would be point D after completion of pattern as potential reversal zone (PRZ) , looking for buying...

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Hi All , I'm just sharing info on pattern : ABCD pattern where price moves down from A to point B than rises to point C and again falls to point D , AT point D we can look out for potential reversal . 1)Lets say AB is down leg , And BC is retracement which is 0.618 or 0.786 of AB i.e Length or height of BC = ( 0.618 or 0.786 ) x length of...

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Hi Guys , Need some help on candlestick data . After the market closes at 3.30, there is a final candlestick data added (As per my understanding as the market closes , the execution engine still has few trades to execute , so it reports that data after the 3.30 pm tick). I wan't to know how much significance you give to this...

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Finally I got how to post idea : Nifty just a thought : If the pitch fork is correct , it shows nifty target of 10K by end of march. (Assumption could be Rate cut by RBI and UP election win by BJP) Two blue boxes are identical created using pitch fork anchor points. Disclaimer : This might be wrong , kindly consult your investment advisor before taking any...