Nifty

leased:Sanjay,I don't trade in Nifty, but effort you are putting by helping Nifty trader is highly appreciable, keep going.

 

My pleasure,
To tell u actually this will help me a lot.
Cause some time I doubt weather I am doing right or not.

And u know before I was totally against of option trading but now doing a lot and even I try to make it understandable to all of us, yeah fact remains for trading in option u should be very quick in decision making, U should have some strategies to trade in nifty that if u stuck how will u exit and some time u should stay quite to work out what others are doing cause u can earn from them only or else they will caught u.
Yesterday I told to saptarshi_sachin (rishi) that don't buy infi call option but he was very sure infi will go up by 200 points so why shouldn't go for that, he was asking even my broker also suggested me not to trade in infi call or put.
I asked him rather buying infi call u sell infi call option 3450 (out of money) and sell infi put option 2800 (out of money) u will earn handsome money about stop loss he was little bit confuse I made him understand how to calculate stop loss in this type of strategy cause if u don't follow strict stop loss in this then there will be unlimited loss and fact is profit u got is limited then he he told me it require huge money and I agreed, before this discussion I was not in favor of infi trading in equity or options because of results and I suggested that if any want to get in than choose call option (of course out of money but for buying), Even though I clearly mentioned that if I would be in ur place I will not trade in infy but yesterday I changed my mind and told him about this strategy even though he didn't trade in this strategy but I told him today that if u have followed that strategy then u will be in profit in both the sale call.
Now I am sure u want to know why I have changed my strategy by yesterday only cause what I have learned " you should always stand against the crowd " here crowd means poor retail investors who doesn't know much about stock market and got influenced by so many sources to buy infi call or rather buying equity before results it will give u more profit and bla bla...
And what happened on next day they start selling all options like hell no matter infy is up by 200 point but all the call (40-50%) and put (90-95%) down and our poor retail can't do anything other than watching what has happened and they got nothing and even lost all capital.
So I chosen different strategy
And the result is here at the end of day :


Infy CMP 3221.20 10/10/2103 9:20 AM

Sold infy 3450 ce @ 41.20 Now cmp is 28.20 20 point profit around

sold infy pe 2800 @ 15 Now cmp is 4.80 10 points profit

costing 26.20 stoploss 35


total profit 30*125=3750

Even I didn't use this strategy cause I was busy in nifty only and result of those u can check in attached pic and and all my nifty trade gave me profit with in 20 min. only that is why I was not interested in infy.

Now the reason is why I taught him cause I am here to educate only , same way others are doing their effort by learning or by providing information but few are not understanding this and not trying to get knowledge and even not accepting their mistakes. So this is the only reason why I am not able to justifying my soul to continue commenting here because of such people only.

Take care all of u and please keep going, u all can do so many things I am just one out of u all, I haven't gone any where just not commenting on any post regarding views and advises.

May be this is a time before a bright start.

Happy Trading,
Keep smiling always,
Jai Mata Di.

 

By chat box I mean something like messenger ie g talk, another thing what I think should be here is ignore option for a person who started the thread at least max for all future thread or post ie if someone started new thread and a person came between start saying irrelevant things than at leas that person could ignore him for current thread or for all future threads and posts and if this is not possible then Diy it self can warn that person that u will be banned if samething repeated.]

 

Good to see Sanjay back in this thread!!!! Thanks brother!!

 

Got so many queries on Nifty view from here, so to tell you exactly I am not sure what the move will be but one thing I am sure for and that it actually doesn't matter to me if Nifty will continue upward rally cause what matters to me is I earn from rally or not weather in uptrend or downtrend so do every retail investor should think cause at the end that is the thing which can force you to stay in market or not. In my opinion retail investors specially should not consider Nifty level to enter or exit cause Nifty is not the whole sole market, it is a part of market. Nifty move should be consider by those traders who actually trade in Nifty Future and options and professional one but for retail investors big "NO" cause it require skills, experience, fast decision making and specially guts to take loss also if occurs but should be smaller one. Now just think if Nifty continue with uptrend and manage to make new life time high then is that affect any thing special to your life, I don't think and vice-versa if fails. Why? Answer is maximum retail investors deal in equity scripts only, so retail investor shouldn't be bother about these move they should be bother about their stocks and if you think that Nifty in uptrend or @ life time or after break out can drag your stock up too then please check the price of Bhel, Reliance, Tata Steel, Ntpc, Reliance Capital, etc., so please don't get trap just look for quality stocks and I bet you will definitely earn . For me this Nifty rally will not sustain, "Sustain" means it can go little bit up or may be touch previous life time or may be able to cross little bit but that will not sustain at least till our economical and political situation will not improve and other countries situations also specially Us. Us debt ceiling and shut down process is not resolved as yet just delayed for next 3 months and after that what, some how it has to resolved means by today or by after 3 month or by 6 months it will be processed and then where these move will be, just think about it. More or less these issues will effect the market as well as Nifty too, so don't get trap and if you still thinking that fundamentals of our country and other countries are improving than just visit out side of your house and buy some house hold good then only you got the real pic of Indian economy and for US you can ask to any friends or relatives who lives their. So please open your eyes there are so many issues and also like to tell you " Yes Nifty is rallying upward but most of the heavy weight stocks (large cap/blue chip) are not showing any signs of rally ", only spike is there and we can't rely on spikes, so please open your eyes and start finding quality stocks only if you are a retail investor and don't get trap. Nifty has so many resistance like 6230-6245-6280-6300 and major resistance @ 6350. So for me it will be in downtrend very soon no matter from here or from 6250 or from 6350 and support it will find @ 6100 and then major support @ 6000.

 

Boom Boom shakalaka Boom Boom

Bingo.

Just read what I have posted @ morning.

 

Boom Boom shakalaka Boom Boom

Bingo.

Just read what I have posted morning.

Nifty has to sustain above 6050-6100 level to be in uptrend or else.............

 

Nifty has formed a perfect Doji today, so time to be more conscious for bull run rally, up trend could be change from here.

 

One of the views I'm posting -

The Nifty seems likely to challenge its all time high based on a bullish chart pattern it formed after last week’s price action. If the all time high is cleared we can see the bullish trend continue to nearly a 1000 point rally.

The bullish chart pattern is called a cup and handle and it is more clear on the Nifty than the Sensex.



Now a cup and handle formation though a high probability bullish set up is no guarantee that the index will rally. There are a few resistance levels that have to be cleared before skies clear for the bulls.
Now let us understand the cup and handle pattern which is a bullish pattern, which has a consolidation before the breakout. This is essentially a continuation pattern meaning that if stocks are rallying into the pattern, it will rally after a break out of the pattern. In the pattern the cup happens when prices fall substantially, bottom out and then rally again. When prices reach around the origin of the fall, there is another smaller drop and a rally back up to the origin of the fall. This forms the handle. The pattern is considered bullish as the handle shows the inability of sellers to drop prices down to the bottom of the cup. It indicates that the buyers have gained control and that a breakout is imminent. A breakout with a strong increase in volume shows that the pattern is working. Once the breakout occurs the projected rally is estimated by measuring the distance from the right peak of the cup to the bottom of the cup.

In the case of the Nifty the projected rally is around 1025 points. However, the Nifty does face some road blocks before it can be off to the races. The index is right now in a resistance zone as shown by the red lines and prices often fall from resistance. There is also a bearish hanging man candle stick pattern which is bearish. In a hanging man, the candle has a small body at the top and long tail. Also prices gapped into the resistance. Markets generally tend to retreat a bit when gapping into resistance. A gap happens when prices close at one level as it did on Thursday with the Nifty and than open much higher the next day as it happened on Friday with the Nifty. It is possible that the market may consolidate a bit before the breakout. The resistance levels that the Nifty has to clear are 6130 and 6225 before heading to the all time high around 6350. If that level is cleared we could see the index heading to 7130. Remember to keep and eye on the Sensex too as the 30-share index has to clear its resistance levels too.

 

Please NOTE that this is not MY Personal View but I saw this on
Firstpost/Category - INVESTING

I've copied from there

 

Exactly that could happen but just imagine Nifty @ 6375 or 6400 in Nov. or Dec. or say Jan. and then US cut down the funds because of Debt ceiling and shutdown which is likely to happen in Jan. then where Nifty will be and belive me it has to be done very soon cause US is @ bankruptcy level, so we should be more care full and use our own mind. Nifty is rallying only because of liquidity and that is coming through FII, so think again before taking long positions.

This is my personal view and I could be wrong and it is just to aware all so that they won't get trap because of this.
I am very much sure that Nifty will make new life time high but when and how is not a matter here.
Matter is that Nifty will be able to sustain or not.

 

NO Sanjay! You are NOT wrong! so cool

Obama finally nominated Janet Yellen to head the Federal Reserve after Ben Bernanke leaves. Yellen is considered very dovish on monetary policy and likely to continue running the money printing presses or so the market thinks. These factors are expected to keep the markets bullish for sometime, may be, God Knows in reality

But finally the tapering would come off in DEC end. They were keen to push aside tapering for sometime due to this debt ceiling issue. Aur ab tak "no tapering" bani huyi hain, to paisa bhi hain market mein Sirf hain hi nahin, uchalti huyi nazaar aa rahi hain!

 

Rishi it's not about wrong or right, it is just about what could be happen and about money you are absolutely right it is just flying to India and this is the only reason which is forcing me to think that Nifty may make new high this time but don't want anyone to get trap, so I posted my views.

 

there are people who are predicting 5400 in november series. I am not sure what their logic is.

 

Not possible but time to mark those people to avoid in future.

 

1. Doji on 21st
2. Narrow range trade on 22nd.
3. Hanging Man on 23rd.
4. Inverted Hammer on 24th today.

What all this candles wants to give input? Is Bull run dried out, are Bears are getting control. Lets wait for confirmation.

 

Honestly, there is not even a single reason why nifty should be bullish