iCharts Discussions

ashwinikumarz · White Belt Joined: 14 Mar 2012 Posts: 31

Yup SL hit... Bought at 5263...SL triggered

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

I did (could) not and will carry my position

ashwinikumarz · White Belt Joined: 14 Mar 2012 Posts: 31

Without any hesitation you can carry as there is no effect of earthquake on the global market. In fact US futures is at its day high.

I bought 5300 CE @ 61...It's 70 right now..I am gonna carry it for tomorrow.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

what's more, market always goes up after natural calamities. also, market trying to close positive Smile

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

ashwini, I suggest you start your thread after market hours today so that we can read and understand your strategy tonight and try to assimilate it before tmrw! Smile

ashwinikumarz · White Belt Joined: 14 Mar 2012 Posts: 31

Well Yes..and No..... One classic example is last year's Japan Tsunami....There was a panic selling to an extent 100 - 150 points on Nifty and there was a massive recovery on the very same day.

The market is all a cyclical movement. Had there been a U turn after touching 5305, it would have made sense, however it didn't...The big guys took the advantage of us i.e., we...the small retailers and made money.

If you observe, there was hardly any reaction on the European markets. To reconfirm on the same, I checked Bloomberg international site whether is an update of the Earthquake news...and Yes there is..

As today's market was buy on dips and as I didn't want to take chance again on Nifty Futures, thought the best option is to buy Nifty call that too Out of the Money call so that the risk is less and reward is better to risk.

Avinash, thanks for letting me in this forum..

I will start a new thread and keep you posted of the same. Everyone, Have a Great Evening ahead. Let us pray to all the people of Earthquake victims, that no further disaster to happen.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

ashwini. last year's fall after japan quake was not due to quake or tsunami but fear of widespread radiation leak

maddyprincess · White Belt Joined: 15 Nov 2011 Posts: 160

NF in intra down
SL 5290, tgt 5235, entry made @ 5279

sonila · Brown Belt Joined: 04 Jun 2009 Posts: 1786

Vinst, vinay, today's levels plz.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

as explained yesterday, chart gave oppo trend (up) today also. Hence I have booked my calls for the time being.

ashwinikumarz · White Belt Joined: 14 Mar 2012 Posts: 31

Hi Avinash and Gang,

What I will do today?.... is the thread.

sonila · Brown Belt Joined: 04 Jun 2009 Posts: 1786

Vinay, can u plz post o,h,l data at 9.30 as per chart.

vinst · Black Belt Joined: 09 Jan 2007 Posts: 3303

NF in intra down

SL 5291, tgt 5235, entry taken at 5278

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

sonila, chart data is as below

O - 5264.90 H - 5283.95 L - 5260.00
giving target and SL of T - 5304.39 SL - 5244.85

For a long time, SL and Target on both sides have not been hit and is overdue. Today being IIP day, it may happen today

sonila · Brown Belt Joined: 04 Jun 2009 Posts: 1786

Vinay, thanx.