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Nifty View - May Series 2014 |
chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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Post: #16  Posted: Fri Apr 25, 2014 6:56 pm Post subject: |
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Dear vinay,
Sorry,just now I have seen your msg.Ya mkt has cleared the april gap,here after we have to keep 6842 NS closing basis S/L for the tgt of march NF gap. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #17 Posted: Fri Apr 25, 2014 7:05 pm Post subject: |
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| chandrujimrc wrote: | Dear vinay,
Sorry,just now I have seen your msg.Ya mkt has cleared the april gap,here after we have to keep 6842 NS closing basis S/L for the tgt of march NF gap. |
on what basis is 6842NS on daily close basis as SL? previous close? and target is 6644NF right? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #18 Posted: Fri Apr 25, 2014 7:05 pm Post subject: |
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| vishyvaranasi wrote: | | vinay28 wrote: | | vinay28 wrote: | | if NS doesn't close well above 6816, we will get an inverted hammer on weekly chart. |
today's candle is bad and I feel 6660 is coming next week in view of fomc. |
Vinay,
When is the FOMC .its on 29-30 Rite. |
yes vishy but not sure whether 29th night our time. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #19 Posted: Fri Apr 25, 2014 7:13 pm Post subject: |
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| Tgt 6644NF and s/l of monthly expiry day close. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #20 Posted: Sat Apr 26, 2014 4:06 pm Post subject: |
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| chandrujimrc wrote: | | Tgt 6644NF and s/l of monthly expiry day close. |
chandru, the real question is "just as you have "observed" from past data that the difference has to be filled up in some future month, have you also actually "observed" from past data that if we see a daily close above previous expiry, the target gets moved to next month?" or is it based on general practice that we follow as part of any TA?
In addition, if 6644NF is not met in May and we also don't see a daily close above 6840.80, then May will close below last expiry? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #21 Posted: Sat Apr 26, 2014 7:43 pm Post subject: |
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| vinay28 wrote: | | ..........as per a method based on Carnatic music, get out of longs below 6874NS |
now 6859NS |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #22 Posted: Sun Apr 27, 2014 12:31 pm Post subject: |
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Dear vinay,
I am not mixing this with any other TA,most of the time the gap will be cleared during first week,if not remaining period will be in up only but in next month we can aim 100 percent for the tgt.Any how it is an observation only.So if possible you just back test it and give some feedback.You just back test nov gap cleared in Jan 2014.But this will help the persons like you those who are analyzing with TA for making short. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #23 Posted: Mon Apr 28, 2014 11:35 am Post subject: |
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nifty high 6870 (6900 was trgt before elections)
exited from 1 MF  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #24 Posted: Mon Apr 28, 2014 11:41 am Post subject: |
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| apka wrote: | nifty high 6870 (6900 was trgt before elections)
exited from 1 MF |
1MF? 
aim for 7200 by 12/5 |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #25 Posted: Mon Apr 28, 2014 1:12 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | nifty high 6870 (6900 was trgt before elections)
exited from 1 MF |
1MF?
aim for 7200 by 12/5 |
yes one of the mutual funds i had. keeping others, will decide in due course what to do with them. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #26 Posted: Mon Apr 28, 2014 2:40 pm Post subject: |
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| apka wrote: | | yes one of the mutual funds i had. keeping others, will decide in due course what to do with them. |
1 My cousin bro., also active in shares had this comment to make about MF: why pay crores to others to $%^&* your money when you can do it yourself for free?
Typical bio of 1 such expert: S#n^&p S$b^&*wal, Delhi IIT+Bangalore IIM. Paid crores by SBIMF, left?, joined Singapore Lotus/ Temasek, left?, next a sad looking JM Fin MF, left? Lastly Prabhudas Liladhar before doing own thing. Apna website bhi hai!
2 I dont know about today ka haal, but previously, knowledgeable Bombay people avoided Canara (Bank) MF as if it had AIDS! The rumor was "shaana" staff would monitor and take away any scrip which zoomed and replace with money = purchase price+ reasonable interest. Yane chor nahi?, sirf 420!
Cheers, Prakash Holla |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #27 Posted: Tue Apr 29, 2014 11:15 am Post subject: |
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| Dear vinay,NF marching towards our tgt. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #28 Posted: Tue Apr 29, 2014 11:27 am Post subject: |
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| chandrujimrc wrote: | | Dear vinay,NF marching towards our tgt. |
yes chandru. may be by tmrw. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #29 Posted: Tue Apr 29, 2014 11:45 am Post subject: |
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same question vinay...how do u differentiate from a "sell on rise" to a "buy on dip" market!!!
also, with such high IV's, is buying call/put or writing call/put is a good idea?? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #30 Posted: Tue Apr 29, 2014 12:19 pm Post subject: |
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| riteshucha wrote: | same question vinay...how do u differentiate from a "sell on rise" to a "buy on dip" market!!!
also, with such high IV's, is buying call/put or writing call/put is a good idea?? |
generally, writing options when vix is high is best and people have made money in last 3 days. But event such as elections on the horizon, buying is better, IMHO, on dips. |
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