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My Nifty View and Trades |
Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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Post: #241  Posted: Thu Jun 18, 2020 7:42 pm Post subject: |
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| I sold my puts on yesterday (Wednesday) and went long near low. Some profit booked today. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #242 Posted: Thu Oct 01, 2020 12:57 pm Post subject: |
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sorry for not updating. couldn't find my thread first.
I am short now and a close above 11585 NS will cause worry. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #243 Posted: Tue Mar 08, 2022 9:22 pm Post subject: |
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Sorry for returning after a big gap.
Market seems headed for a time correction that may lead it to very low levels if global situation worsens in next 2-3 months. Even if a ceasefire is called, sanctions on Russia will not be removed for quite some time and economy of most countries will be hurt badly and will take at least 6 months to recover, if not more. I suspect that investment may have to be postponed till at least year end. Fasten your seat belts for a new world order of the kind not seen for a century. IMHO, it's a sell on rise market for many more months.
Disclaimer - This is not any advice for trading or investment and just a personal feeling. Consult your approved/authorized financial advisor.
As far as I am concerned, I will decide according to my feeling. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #244 Posted: Thu Mar 10, 2022 6:57 pm Post subject: |
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| Bought some puts today as per sell on rise mentioned earlier. A close on 11/03/22 at/above 16363 may suggest higher levels next week and almost definitely so in case of a close at/above 16482. But even higher levels next week, if any, may be short-lived and the sell on rise strategy may still be valid. However, it will have to be re-checked early next week. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #245 Posted: Mon Mar 21, 2022 7:48 am Post subject: |
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| Higher levels did come last week as posted earlier. This rise seems to be typical March rise for NAV purposes. BUT, IMHO, further rise henceforth may be an opportunity to get out. Any level from now on can be a false rise. The fall, when it happens, can be more painful than before. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #246 Posted: Tue Apr 05, 2022 7:54 am Post subject: |
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| Sun08 wrote: | | Higher levels did come last week as posted earlier. This rise seems to be typical March rise for NAV purposes. BUT, IMHO, further rise henceforth may be an opportunity to get out. Any level from now on can be a false rise. The fall, when it happens, can be more painful than before. |
NAV related rise showed its strength. Further rise was thanks to HDFC's merger with its bank and momentum took it beyond 17800. Now onwards, I will be cautious and will look to pick up some puts. Crossing 18351 can mean long term strength over the year. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #247 Posted: Wed Apr 06, 2022 6:40 pm Post subject: |
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| Sun08 wrote: | | Sun08 wrote: | | Higher levels did come last week as posted earlier. This rise seems to be typical March rise for NAV purposes. BUT, IMHO, further rise henceforth may be an opportunity to get out. Any level from now on can be a false rise. The fall, when it happens, can be more painful than before. |
NAV related rise showed its strength. Further rise was thanks to HDFC's merger with its bank and momentum took it beyond 17800. Now onwards, I will be cautious and will look to pick up some puts. Crossing 18351 can mean long term strength over the year. |
so far so good. now hoping for 17640 and 17440. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #248 Posted: Thu Apr 07, 2022 6:45 pm Post subject: |
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| Sun08 wrote: | | so far so good. now hoping for 17640 and 17440. |
First target done. Now hoping for 17440. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #249 Posted: Fri Apr 08, 2022 6:34 pm Post subject: |
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to me, it looks like a typical retracement from a oversold state after a three day fall of 470 points. A close above 17825 would have been worrisome.
Let's see how it progresses. A highly truncated week is always bad for trading. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #250 Posted: Tue Apr 12, 2022 3:54 pm Post subject: |
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| Sun08 wrote: | | Sun08 wrote: | | so far so good. now hoping for 17640 and 17440. |
First target done. Now hoping for 17440. |
17440 done today. Now I am hoping for 17390/220/16970. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #251 Posted: Mon Apr 18, 2022 1:20 pm Post subject: |
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| Sun08 wrote: | | 17440 done today. Now I am hoping for 17390/220/16970. |
First two targets done today itself. Now looking for 16970. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #252 Posted: Tue Apr 19, 2022 3:23 pm Post subject: |
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| Sun08 wrote: | | First two targets done today itself. Now looking for 16970. |
16970 done. now hoping for 16370. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #253 Posted: Thu Apr 21, 2022 6:50 pm Post subject: |
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| Sun08 wrote: | | 16970 done. now hoping for 16370. |
Once again a reversal. Now to see if this is genuine or a typical retracement. |
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lucky143
White Belt
Joined: 15 Aug 2011
Posts: 48
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| Post: #254 Posted: Sun Apr 24, 2022 11:20 am Post subject: |
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| retracement ? |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #255 Posted: Mon Apr 25, 2022 9:02 am Post subject: |
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| Sun08 wrote: | | Sun08 wrote: | | First two targets done today itself. Now looking for 16970. |
16970 done. now hoping for 16370. |
Intermediate levels are 16760/540 and then 16370. |
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