Nifty

When I covered, spot was at 5921 ........

 

FINAL thing:

Went short in Nifty fut@5995 in the morning ....

Covered the Nifty fut@5955 ....

 

long only above 5945-5955 nifty spot and short only below 5990-5980 or else no fresh position.

 

Good that is what we all r trying to provide all our Indian people.
I will post this on Fb and some other sites too.

My view are getting hits like anything and I must appreciate shabbir for this cause because of him only I got this idea and to other users too who gave me
appreciation, comment and some time taunt me but that all have done right thing cause I believe to be honest always weather some like u r not but should be straight, honest and true speaking, I know all this is very hard but I always try to be like this only I am not telling that I don't lie cause that will be also a big lie but always try to speak truth and when there is no other way then only lie but very few and specially that lie not effect any one life, I hope u understand that. To aware our Indian people, no matter I am paying Fb to advertise this but it is giving me so much satisfaction that I am doing something for social cause.
My few friend suggested me some points to get advertisement stuff which can sponsor me and I don't have to spend for this any more and even they may increase my income too.
Hoping for the best,
May God bless all of us and we all can do something socially at least can try.

 

Bingo
means earned Rs.2000/-
good one,

Party time

 

Now nifty is making higher high higher low and in a way to recover but near to very strong resistance 5950 I go long only above this till 5980-5999

 

Bought Oct nifty 6050 ce @ 116

 

any one please don't go long if initiated then plz hold I'll update on that or u can follow 5900 as stop of nifty spot, actually I seen the wrong chart and initiated buy, very sorry, Nifty just touched 5950.10 and went back to 5938.

Plz buy above 5950 means 5951-2-3-4-5 but I saw the wrong chart 6050 nifty ce and initiated.

 

will carry Oct nifty 6050 ce to hedge my shorts.

 

Thanks Sanjay for your support!



Requesting your view on Infosys thread under:
DIY Technical Analysis > Stock Analysis > Technical Analysis
There's some discussion going on there ...

 

Still we r waiting to have a look on your strategies.

 

holding @ 5960, any chances of laddering into 6000-50 level on Wednes, pl suggest. ur suggestions are fine & worthable

 

Dear MANGONI First of all thanks for appreciation and if u fnd my suggestion fine and worth able too then why r u still long in nifty and importantly why u have choose to be long in such kind of market where only 10% are to go go up and 90% chance to go down?

If u really find my suggestion fine and wothable then first you should do is stop listening Tv people or people who are trying to sell dreams to u better to wake up and evaluate that did u got profit or loss from those people over all not by 1 trade.

90% chance that u get the answer "LOSS" then why the hell ur listening that is their business and they r doing that very well but wht abt ur business, y the hell u r destroying ur business.

Now about ur holding to tell u fact only 5 % chance for Nifty to go up, want to know y? ok read below :-

Nationally

1) Nifty is @ its very strong resistance and there r so many around the level it is @ current stage like 5900-5920-5950-5980-6000-6010 but on other hands only few supports like 5800-5750-5700, u can see there is much more gap in support I didn't mention 5900 just because it is temporary only.

2) Declaration of post election answer NO, are this Govt. doing to improve economy answer NO, r inflation, GDP, IIP are showing u that Indian growth story is still there in India answer NO.


Internationally

1) So many concerns and confusions on US shut down and most of all r not seeing the background picture (reality) of this if it remain unresolved for longer, cause according if it sustain longer then no doubt that Rs. will be up because of Dollar downgrade but not because of it self, will that last and Rs. will go up like anything answer "NO", cause Rs. can boost market for a little while only and what next, for US their market Dollars every thing will be down
and then financial crisis like we have seen before and u thing Indian market will not effected by this rather it will boost only because of money, think again dear and don't be in dream only, last financial crisis India recovered well and very quick because Indian only not because of FII or Fdi or bla bla, that is Indian money only and pls don't ask me which money, whose money cause I can't disclose that just think and give some work to ur mind that which money I am talking and which money was famous 2-3 years back but now there is not enough money to control next financial crisis.

2) Us is actually seems to stand very near to bankruptcy stage and they r not serious about debt cutting, dead line is 16-17 Oct but if not resolved and it last longer then we will see a real disaster all over in the world and there will be no money, FII, FDI, etc,, to save India cause things r not very clear in India too.

I am not telling u that I am the only one who is analyzing there will be millions and even could be billions and even those Tv experts too but they won't discuss about this y cause they r building a big balloon and just blowing it, why? cause this there business only and they doing it perfectly.


Conclusion

I don't think US will leave this unresolved for longer but yes it is very difficult to solved so somehow they have to solve this till that unresolved all over market will not grow.

What U can do now to save ur money and the best I can suggest is book loss exit frm future and don't trade in future and options but start selecting valuable stocks and start accumulating I bet u will make u money double very quick please visit here I think it can help u in selecting valuable stocks.
http://diytechnicalanalysis.com/members/showthread.php?t=117


you and even other may think I am telling u to stop trading in future and options but I am trading in options, Am I not suggesting the right thing to other? Answer big "NO", I am suggesting the best I can suggest and I am still trading in options because I am not depending on any one advise but have others have no matter little bit but they r, I chosen Options to trade in market cause I am to much cautious about above concerns and don't want to be a big looser so options trade is best cause future can give me a huge loss and I am not greedy to get huge profit I will not put my money where picture is not clear. Another thing I have to make changes as per market because of volatility and scenarios and to keep in mind that market is more or less but still bearish, some times u see I am holding both longs as well as shorts, some times I am initiating contra calls/shorts, some times I do averaging and some times I initiate as per market rules break out or break down all this I can't do in future cause and even I don't prefer all this normally but as I said we have to behave what market want us to behave so I am completely following market behavior along with charts.

 

added oct 6050 ce @ 92.5

 

sold 1 lot of my previous nifty oct 5600 pe, want to offload little to minimize the loss if any and also to get opportunity to buy it again in lesser price.

 

Actually nifty is taking support of 5875 and manage to sustain above 5900 but 5955-5960 is still very strong resistance and next hurdle which is also a very very strong hurdle is 5990-6010.

 

Valuable advice Sanjay, it will benifit everyone to learn the nuances of the market. Keep it up.

Thks n rgds

Utpal

 

Thanks dear and plz take the benefit of bounce back and cover what u have if not sold till now cause I am seeing nifty spot 5920-5925-5940-5955 that's it.

 

more I'll update if find anything good or bad.
Best of luck.

 

sold 1 more lot of my previous nifty oct 5600 pe @ 51 and the 1st one was @ 50.50, want to offload little to minimize the loss if any and also to get opportunity to buy it again in lesser price.