Suresh 31 Aug 2010

suresh (8/31/2010 6:19:58 PM): Hello Sir
dhanvarshagroup@ymail.com (8/31/2010 6:23:51 PM): hi gm woke up
suresh (8/31/2010 6:24:04 PM): yep I am in office now...
dhanvarshagroup@ymail.com (8/31/2010 6:24:22 PM): ok
dhanvarshagroup@ymail.com (8/31/2010 6:24:35 PM): so holding 3 shorts
suresh (8/31/2010 6:24:43 PM): so I saw your article on TM and if thts the case wht u want to do...
suresh (8/31/2010 6:24:52 PM): yes 2 Lots TM and 1 Lot HDFC
dhanvarshagroup@ymail.com (8/31/2010 6:25:06 PM): which article
suresh (8/31/2010 6:25:16 PM): TM headshoulder pattern
http://dhanvarshagrp.blogspot.com/2010/08/tata-motors-is-completing-head-and.html
suresh (8/31/2010 6:25:24 PM): latest
dhanvarshagroup@ymail.com (8/31/2010 6:26:02 PM): means if the pattern will completed it will fall to 900
suresh (8/31/2010 6:26:58 PM): ok
suresh (8/31/2010 6:27:55 PM): but we are in the 1st shoulder completion and start of the head right so which will see a upside before we start having another shoulder is tht correct...
dhanvarshagroup@ymail.com (8/31/2010 6:28:45 PM): r u on tv 5 ?
suresh (8/31/2010 6:29:55 PM): no I can open... but I cant open the iifl station from office its blocked...
dhanvarshagroup@ymail.com (8/31/2010 6:30:11 PM): ok
suresh (8/31/2010 6:30:45 PM): you want to tell...
dhanvarshagroup@ymail.com (8/31/2010 6:31:04 PM): yes
suresh (8/31/2010 6:31:06 PM): basically should we wait on TM is tht correct...
dhanvarshagroup@ymail.com (8/31/2010 6:31:17 PM): can u open c nexuus
suresh (8/31/2010 6:31:22 PM): yes
dhanvarshagroup@ymail.com (8/31/2010 6:31:30 PM): ok open tm
suresh (8/31/2010 6:32:03 PM): i did
dhanvarshagroup@ymail.com (8/31/2010 6:32:33 PM): ok
dhanvarshagroup@ymail.com (8/31/2010 6:32:41 PM): select line chart
dhanvarshagroup@ymail.com (8/31/2010 6:32:57 PM): u r seeing candle na
suresh (8/31/2010 6:33:05 PM): yes
dhanvarshagroup@ymail.com (8/31/2010 6:33:34 PM): selected line ?
suresh (8/31/2010 6:33:44 PM): how do I change from candle to line
dhanvarshagroup@ymail.com (8/31/2010 6:34:03 PM): see at left bottom
dhanvarshagroup@ymail.com (8/31/2010 6:34:20 PM): near d w
dhanvarshagroup@ymail.com (8/31/2010 6:34:41 PM): colour ball
suresh (8/31/2010 6:34:42 PM): ok I did
dhanvarshagroup@ymail.com (8/31/2010 6:35:13 PM): now select chart period apr 09 to aug
dhanvarshagroup@ymail.com (8/31/2010 6:35:23 PM): 10
suresh (8/31/2010 6:35:28 PM): OK I got it you mean to see we are already in the last step of head and shoulder
dhanvarshagroup@ymail.com (8/31/2010 6:35:41 PM): no
suresh (8/31/2010 6:35:46 PM): Ok
suresh (8/31/2010 6:35:52 PM): I opened the period...
dhanvarshagroup@ymail.com (8/31/2010 6:35:54 PM): now see complete analysis
dhanvarshagroup@ymail.com (8/31/2010 6:36:12 PM): seeing macd
dhanvarshagroup@ymail.com (8/31/2010 6:36:54 PM): ??
dhanvarshagroup@ymail.com (8/31/2010 6:37:13 PM): analyse and write ur prediction
dhanvarshagroup@ymail.com (8/31/2010 6:37:21 PM): based on macd
suresh (8/31/2010 6:41:16 PM): I would say MACD was in range and had a nice runup with the price and now it crossed the 9day MVA and going below it(RED line)... which means sell off started....
suresh (8/31/2010 6:41:36 PM): is tht correct...
dhanvarshagroup@ymail.com (8/31/2010 6:42:04 PM): i generally do not see in this wway
suresh (8/31/2010 6:42:10 PM): ok
dhanvarshagroup@ymail.com (8/31/2010 6:42:28 PM): i only see the direction of tangent
dhanvarshagroup@ymail.com (8/31/2010 6:43:09 PM): and if tangent will be heading to south east means sell
dhanvarshagroup@ymail.com (8/31/2010 6:43:48 PM): and if slow and fast both are in SE
dhanvarshagroup@ymail.com (8/31/2010 6:43:55 PM): then v good
dhanvarshagroup@ymail.com (8/31/2010 6:44:12 PM): and if in S then hvy sell of f
suresh (8/31/2010 6:44:27 PM): ok
dhanvarshagroup@ymail.com (8/31/2010 6:45:09 PM): and here we are seeing that turning is nice
suresh (8/31/2010 6:45:23 PM): Yes but wht abt the buying coming in now you think its more of play before it rolls down....
dhanvarshagroup@ymail.com (8/31/2010 6:45:52 PM): see it was totally play
dhanvarshagroup@ymail.com (8/31/2010 6:46:11 PM): just think adr were 4% down
dhanvarshagroup@ymail.com (8/31/2010 6:46:16 PM): mkt was red
dhanvarshagroup@ymail.com (8/31/2010 6:46:42 PM): tm which was highly bearish was climbing ?
suresh (8/31/2010 6:46:43 PM): yes
dhanvarshagroup@ymail.com (8/31/2010 6:46:49 PM): why
dhanvarshagroup@ymail.com (8/31/2010 6:47:03 PM): why they were giving buy calls
suresh (8/31/2010 6:47:05 PM): do you think just to cover the up the nano issue
dhanvarshagroup@ymail.com (8/31/2010 6:47:12 PM): at this juncture
dhanvarshagroup@ymail.com (8/31/2010 6:47:20 PM): to poor fellows
dhanvarshagroup@ymail.com (8/31/2010 6:48:12 PM): were u in conf in last few mins
suresh (8/31/2010 6:49:13 PM): ok
suresh (8/31/2010 6:51:57 PM): ya I was watching the forum and seeing some tense moments I think I cant forget Amar I think he is always in some kind of rush... thts why I never asked you except the entry and exit strategy...
dhanvarshagroup@ymail.com (8/31/2010 6:52:21 PM): see
dhanvarshagroup@ymail.com (8/31/2010 6:52:30 PM): that is not forum
suresh (8/31/2010 6:52:36 PM): its all abt planning and execution and I saw so many times we have big bounce....
dhanvarshagroup@ymail.com (8/31/2010 6:52:47 PM): they all are peremium members
suresh (8/31/2010 6:52:50 PM): I mean the DV conf I mean...
dhanvarshagroup@ymail.com (8/31/2010 6:53:19 PM): and they all  are gr8 members
suresh (8/31/2010 6:53:24 PM): I am also learning abt trading physcology...
dhanvarshagroup@ymail.com (8/31/2010 6:53:29 PM): so many times
dhanvarshagroup@ymail.com (8/31/2010 6:53:38 PM): i instructed them
dhanvarshagroup@ymail.com (8/31/2010 6:53:46 PM): but same mistakes
suresh (8/31/2010 6:54:09 PM): I agree...
dhanvarshagroup@ymail.com (8/31/2010 6:54:30 PM): for 5 paisa they are willing to book / miss 1000 s of rs
dhanvarshagroup@ymail.com (8/31/2010 6:54:52 PM): today have u seen
dhanvarshagroup@ymail.com (8/31/2010 6:55:10 PM): i said book between 986 to 988
suresh (8/31/2010 6:55:14 PM): also I can remember where couple of time you ask them to wait... and I am not sure he was in some kind of hurry...
dhanvarshagroup@ymail.com (8/31/2010 6:55:37 PM): no many members
dhanvarshagroup@ymail.com (8/31/2010 6:56:10 PM): u dont know max of them having same habit
suresh (8/31/2010 6:56:16 PM): ok last night I went to sleep and placed my buy order it got executed and after tht I just woke up...
suresh (8/31/2010 6:56:26 PM): otherwise I would have gone for 986...
suresh (8/31/2010 6:56:31 PM): or 988...
dhanvarshagroup@ymail.com (8/31/2010 6:56:50 PM): see the dot low was 987
suresh (8/31/2010 6:56:58 PM): ok
dhanvarshagroup@ymail.com (8/31/2010 6:57:11 PM): and many members booked at 987.1
dhanvarshagroup@ymail.com (8/31/2010 6:57:15 PM): 987.30
dhanvarshagroup@ymail.com (8/31/2010 6:57:17 PM): 988
suresh (8/31/2010 6:57:23 PM): cool...
dhanvarshagroup@ymail.com (8/31/2010 6:57:32 PM): but amar placed at 986
dhanvarshagroup@ymail.com (8/31/2010 6:57:50 PM): and senthil dint placed
suresh (8/31/2010 6:57:53 PM):
dhanvarshagroup@ymail.com (8/31/2010 6:58:06 PM): now tell me who will help them
dhanvarshagroup@ymail.com (8/31/2010 6:58:20 PM): senthil shorted at 1000
dhanvarshagroup@ymail.com (8/31/2010 6:58:29 PM): at 12 pm
dhanvarshagroup@ymail.com (8/31/2010 6:58:43 PM): 12.30 made low of 987
suresh (8/31/2010 6:58:54 PM): I think they have to trust and work thru it and have little more patience...
suresh (8/31/2010 6:59:28 PM): I feel sometime ppl are too greedy.. and want more of it...
dhanvarshagroup@ymail.com (8/31/2010 6:59:33 PM): asking me at 3.30 pm sir what to do
dhanvarshagroup@ymail.com (8/31/2010 6:59:53 PM): i can guide them
dhanvarshagroup@ymail.com (8/31/2010 6:59:56 PM): but
suresh (8/31/2010 7:00:09 PM): I always look for some decent exit pt atleast cover my brokerage 1st reducing the risk is my1st goal of the game...
dhanvarshagroup@ymail.com (8/31/2010 7:00:29 PM): ok
dhanvarshagroup@ymail.com (8/31/2010 7:00:38 PM): now macd is ok ?
dhanvarshagroup@ymail.com (8/31/2010 7:01:01 PM): in tm chart
suresh (8/31/2010 7:01:01 PM): yes...
dhanvarshagroup@ymail.com (8/31/2010 7:01:22 PM): histogram is already below zero
suresh (8/31/2010 7:01:32 PM): but wht abt stochastic its showing uptrend...
dhanvarshagroup@ymail.com (8/31/2010 7:01:35 PM): now see rsi
dhanvarshagroup@ymail.com (8/31/2010 7:02:27 PM): i think i have not advised u stoach
dhanvarshagroup@ymail.com (8/31/2010 7:02:40 PM): to read
suresh (8/31/2010 7:02:42 PM): nope I started looking...
dhanvarshagroup@ymail.com (8/31/2010 7:02:44 PM): or learn
suresh (8/31/2010 7:03:21 PM): let me check rsi
dhanvarshagroup@ymail.com (8/31/2010 7:03:39 PM): US mkts us opened in red
suresh (8/31/2010 7:04:04 PM): RSI is in downtrend...
suresh (8/31/2010 7:04:41 PM): dow is below 10K
suresh (8/31/2010 7:04:52 PM): and they have job reports...
suresh (8/31/2010 7:04:57 PM): this week...
dhanvarshagroup@ymail.com (8/31/2010 7:05:20 PM): do u remember 5250 ?
suresh (8/31/2010 7:06:34 PM): in Dow?
dhanvarshagroup@ymail.com (8/31/2010 7:07:30 PM): no u asked me seeing my weekly prediction
dhanvarshagroup@ymail.com (8/31/2010 7:07:52 PM): and we chat for 40 mins approx
suresh (8/31/2010 7:07:53 PM): ya ya
dhanvarshagroup@ymail.com (8/31/2010 7:08:21 PM): i updated that chat portion at archive
dhanvarshagroup@ymail.com (8/31/2010 7:08:30 PM): u can see again
suresh (8/31/2010 7:08:41 PM): yes I saw the other day...
suresh (8/31/2010 7:08:55 PM): it was nice bounce around tht range...
dhanvarshagroup@ymail.com (8/31/2010 7:08:56 PM): ok
dhanvarshagroup@ymail.com (8/31/2010 7:09:19 PM): r u seeing RSI
suresh (8/31/2010 7:09:22 PM): but its weird everyday since last week I am seeing huge swing in the 2nd half...
dhanvarshagroup@ymail.com (8/31/2010 7:09:46 PM): tell me ur prediction
dhanvarshagroup@ymail.com (8/31/2010 7:10:10 PM): please note
dhanvarshagroup@ymail.com (8/31/2010 7:10:18 PM): dont see full
dhanvarshagroup@ymail.com (8/31/2010 7:10:49 PM): just see only end / last point its direction its value
dhanvarshagroup@ymail.com (8/31/2010 7:11:13 PM): and tell me seeing that only
dhanvarshagroup@ymail.com (8/31/2010 7:11:34 PM): we are looking for future move
suresh (8/31/2010 7:14:06 PM): I am thinking it would be little move up in the range of 5450... and lower side I still stick to the same 5368-60
dhanvarshagroup@ymail.com (8/31/2010 7:14:30 PM): what are u seeing
dhanvarshagroup@ymail.com (8/31/2010 7:14:35 PM): i think
dhanvarshagroup@ymail.com (8/31/2010 7:14:48 PM): u are seeing somewhere else
dhanvarshagroup@ymail.com (8/31/2010 7:15:11 PM): i m still keeping u on tatamotors chart
dhanvarshagroup@ymail.com (8/31/2010 7:15:27 PM): please stay on tm chart
suresh (8/31/2010 7:15:28 PM): ok I thought we are on Nifty now...
suresh (8/31/2010 7:15:40 PM): sorry my bad...
dhanvarshagroup@ymail.com (8/31/2010 7:15:41 PM): coz u are in tm
dhanvarshagroup@ymail.com (8/31/2010 7:15:42 PM): na
suresh (8/31/2010 7:15:46 PM): yes
dhanvarshagroup@ymail.com (8/31/2010 7:16:03 PM): so u will learn easily
dhanvarshagroup@ymail.com (8/31/2010 7:16:14 PM): coz ur money is at risk
suresh (8/31/2010 7:16:31 PM): ok
dhanvarshagroup@ymail.com (8/31/2010 7:16:58 PM): remember 70 and 30 are thresh hold in RSI
suresh (8/31/2010 7:17:15 PM): ok
suresh (8/31/2010 7:17:32 PM): but still its pointing down right...
suresh (8/31/2010 7:17:52 PM): and same with the MACD...
dhanvarshagroup@ymail.com (8/31/2010 7:19:11 PM): in my opinion these all indicators are sentiment indicators
dhanvarshagroup@ymail.com (8/31/2010 7:19:44 PM): operators can turn mkt direction by manipulation
suresh (8/31/2010 7:19:53 PM): ok
dhanvarshagroup@ymail.com (8/31/2010 7:20:06 PM): but wont turn these indicators
suresh (8/31/2010 7:20:18 PM): ok
dhanvarshagroup@ymail.com (8/31/2010 7:20:42 PM): and i catch them here
suresh (8/31/2010 7:21:14 PM): OK
dhanvarshagroup@ymail.com (8/31/2010 7:22:03 PM): so now u saw how many indicators are supporting short position
suresh (8/31/2010 7:23:14 PM): so whts your take on this position is bearish or bullish... my opinion even though price going up indicator going down
suresh (8/31/2010 7:23:23 PM): 2 indicators down MACD and RSI
dhanvarshagroup@ymail.com (8/31/2010 7:23:54 PM): ok]
suresh (8/31/2010 7:23:56 PM): the price and the moving avg up
dhanvarshagroup@ymail.com (8/31/2010 7:24:29 PM): no moving average is 20 day
suresh (8/31/2010 7:24:57 PM): ok I mean the last indicator in the blog...
dhanvarshagroup@ymail.com (8/31/2010 7:25:11 PM): and price took u turn since 6 days
dhanvarshagroup@ymail.com (8/31/2010 7:25:30 PM): w% r
dhanvarshagroup@ymail.com (8/31/2010 7:25:45 PM): ?
suresh (8/31/2010 7:26:16 PM): OK
dhanvarshagroup@ymail.com (8/31/2010 7:26:48 PM): see w % r fluctuates like stoachs
suresh (8/31/2010 7:28:30 PM): but I dont get how you find 6 days...
dhanvarshagroup@ymail.com (8/31/2010 7:28:57 PM): meaning
suresh (8/31/2010 7:29:37 PM): I mean where to look in the chart for the change in price action... under w%r
dhanvarshagroup@ymail.com (8/31/2010 7:30:10 PM): see
dhanvarshagroup@ymail.com (8/31/2010 7:31:43 PM): w % R threshholds are 20 80
dhanvarshagroup@ymail.com (8/31/2010 7:32:03 PM): written on chart
suresh (8/31/2010 7:32:37 PM): ok got it thanks...
dhanvarshagroup@ymail.com (8/31/2010 7:32:54 PM): ow see money flow index
dhanvarshagroup@ymail.com (8/31/2010 7:33:00 PM): momentum
dhanvarshagroup@ymail.com (8/31/2010 7:34:26 PM): dow recovered
dhanvarshagroup@ymail.com (8/31/2010 7:34:36 PM): trading above 10k
suresh (8/31/2010 7:39:01 PM): and one more question whts the general sept outlook for india mkts...
dhanvarshagroup@ymail.com (8/31/2010 7:40:12 PM): i explained u that day
dhanvarshagroup@ymail.com (8/31/2010 7:42:59 PM): see every thing depends on traders psychology
suresh (8/31/2010 7:43:18 PM): thts true...
dhanvarshagroup@ymail.com (8/31/2010 7:44:05 PM): see when ppl will feel mkt is cheap they will buy
dhanvarshagroup@ymail.com (8/31/2010 7:44:15 PM): and send to top
suresh (8/31/2010 7:44:34 PM): ok
dhanvarshagroup@ymail.com (8/31/2010 7:45:01 PM): i m confused by ur query
suresh (8/31/2010 7:45:15 PM): which one...
dhanvarshagroup@ymail.com (8/31/2010 7:45:33 PM): was for amar
dhanvarshagroup@ymail.com (8/31/2010 7:45:48 PM): he is asking me about h/s
suresh (8/31/2010 7:46:32 PM): h/s????
dhanvarshagroup@ymail.com (8/31/2010 7:49:21 PM): head / shoulde pattern
suresh (8/31/2010 7:51:06 PM): no I think are you chating with other ppl and getting confused I am not sure...
dhanvarshagroup@ymail.com (8/31/2010 7:51:59 PM): no i m not confused ,,, what happens generalyy 3 to 4 ids remains on chat
suresh (8/31/2010 7:52:46 PM): ok
suresh (8/31/2010 7:53:37 PM): no I was asking where do you think TM trends in a weeks time...
suresh (8/31/2010 7:54:41 PM): OK got it...
suresh (8/31/2010 7:56:37 PM): ok
suresh (8/31/2010 8:08:33 PM): hi was dc
suresh (8/31/2010 8:09:26 PM): np...
dhanvarshagroup@ymail.com (8/31/2010 8:10:39 PM): so have you seen momentum
dhanvarshagroup@ymail.com (8/31/2010 8:10:45 PM): money flow
dhanvarshagroup@ymail.com (8/31/2010 8:10:59 PM): w % r for TM
suresh (8/31/2010 8:14:20 PM): sure but to be honest I think I need to study before I put my 2cents... on this indicator... so I would say at this point I would go based on your opinion
suresh (8/31/2010 8:14:27 PM): so please advise...
dhanvarshagroup@ymail.com (8/31/2010 8:15:03 PM): i gave u key formula
dhanvarshagroup@ymail.com (8/31/2010 8:15:23 PM): do u know tangent na ?
dhanvarshagroup@ymail.com (8/31/2010 8:15:34 PM): tell me what is tangent
dhanvarshagroup@ymail.com (8/31/2010 8:22:41 PM): r u there ?
dhanvarshagroup@ymail.com (8/31/2010 8:22:55 PM): cant u recall
suresh (8/31/2010 8:23:48 PM): I checking...
dhanvarshagroup@ymail.com (8/31/2010 8:25:10 PM): In geometry, the tangent line (or simply the tangent) to a curve at a given point is the straight line that "just touches" the curve at that point
suresh (8/31/2010 8:25:19 PM): ok like the one which you put in the Nifty chart...
suresh (8/31/2010 8:25:27 PM): ya I know tht.
dhanvarshagroup@ymail.com (8/31/2010 8:25:35 PM): see at dv i just uploaded nifty chart
suresh (8/31/2010 8:25:51 PM): exactly see my reply above...
dhanvarshagroup@ymail.com (8/31/2010 8:25:55 PM): so many tangents
dhanvarshagroup@ymail.com (8/31/2010 8:26:08 PM): pointing to south west
suresh (8/31/2010 8:26:10 PM): I think I am not focusing today now sure...
suresh (8/31/2010 8:26:13 PM): yes...
dhanvarshagroup@ymail.com (8/31/2010 8:26:32 PM): see learn in simple
dhanvarshagroup@ymail.com (8/31/2010 8:26:43 PM): key point
dhanvarshagroup@ymail.com (8/31/2010 8:26:52 PM): southwest
suresh (8/31/2010 8:27:00 PM): ok
dhanvarshagroup@ymail.com (8/31/2010 8:27:00 PM): southeast
dhanvarshagroup@ymail.com (8/31/2010 8:27:11 PM): to south
dhanvarshagroup@ymail.com (8/31/2010 8:27:28 PM): more inclined more bearishnes
suresh (8/31/2010 8:27:47 PM): ok
dhanvarshagroup@ymail.com (8/31/2010 8:28:06 PM): and sentiment develops slowly
suresh (8/31/2010 8:28:14 PM): but how abt south west...
dhanvarshagroup@ymail.com (8/31/2010 8:28:50 PM): move follows elliots waves or saw teet
dhanvarshagroup@ymail.com (8/31/2010 8:28:55 PM): teth
suresh (8/31/2010 8:29:03 PM): ok
dhanvarshagroup@ymail.com (8/31/2010 8:29:14 PM): south west written by fault
dhanvarshagroup@ymail.com (8/31/2010 8:29:42 PM): south west move will noth possible
dhanvarshagroup@ymail.com (8/31/2010 8:30:10 PM): coz time is increasing to RHS na
dhanvarshagroup@ymail.com (8/31/2010 8:30:26 PM): in left we are seeing zero
suresh (8/31/2010 8:30:27 PM): ok
suresh (8/31/2010 8:30:39 PM): ok
dhanvarshagroup@ymail.com (8/31/2010 8:31:14 PM): I m feeling I gave u more in this session
suresh (8/31/2010 8:33:51 PM): sure I will go thru them and try to update on certain indicators to be better positioned ...
suresh (8/31/2010 8:34:04 PM): thanks for the guidance...
dhanvarshagroup@ymail.com (8/31/2010 8:34:43 PM): r u still having any query
suresh (8/31/2010 8:35:22 PM): nope not for today once I go thru chart I will comeup more tomorrow..
dhanvarshagroup@ymail.com (8/31/2010 8:35:36 PM): ok
dhanvarshagroup@ymail.com (8/31/2010 8:35:42 PM): cua
suresh (8/31/2010 8:35:49 PM): ok thnx...
suresh (8/31/2010 8:35:53 PM): Bye....