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Nifty View - October Series 2013 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #376  Posted: Wed Oct 23, 2013 2:40 pm Post subject: |
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| A +ww can give 6207 NS once above 6147. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #377 Posted: Wed Oct 23, 2013 6:38 pm Post subject: |
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| Quote: | The Indian government will inject a budgeted 140 billion rupees by end-March 2014 in 20 state-run banks, the finance ministry said in a statement on Wednesday, to keep them well capitalised.
Of this, State Bank of India will get 20 billion rupees, while IDBI (IDBI.NS) and Central Bank of India (CBI.NS) will get 18 billion rupees each.
The government will inject 10 billion rupees in the fiscal year that ends in March in Bank of India (BOI.NS), the statement added. |
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mayur2402
White Belt
Joined: 29 Jun 2013
Posts: 8
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| Post: #378 Posted: Wed Oct 23, 2013 7:29 pm Post subject: Need Some Guidance |
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Hi Guys.....
I am going through the various posts of this forum since a couple of months.... You all guys r really exceptional in representing your honest, frank and accurate opinion.... Especially Vinay, Apka, Amitagg, Prakash and many more... I am sorry if i have missed any names of experts... i just wanted a small favor from you all.... i am not a regular equity trader but do track markets as per my knowledge and understanding... Recently i started trading on advice of one of my friend and made some easy money initially... but now i am stuck in a position where i dont seem any way out.... have 2 NF short at 5840... Can you all guide me how to go about the trade... I dont hv courage to book loss... I hope my query wont go unanswered.... waiting for ur replies....  |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #379 Posted: Wed Oct 23, 2013 7:39 pm Post subject: Re: Need Some Guidance |
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| mayur2402 wrote: | Hi Guys.....
I am going through the various posts of this forum since a couple of months.... You all guys r really exceptional in representing your honest, frank and accurate opinion.... Especially Vinay, Apka, Amitagg, Prakash and many more... I am sorry if i have missed any names of experts... i just wanted a small favor from you all.... i am not a regular equity trader but do track markets as per my knowledge and understanding... Recently i started trading on advice of one of my friend and made some easy money initially... but now i am stuck in a position where i dont seem any way out.... have 2 NF short at 5840... Can you all guide me how to go about the trade... I dont hv courage to book loss... I hope my query wont go unanswered.... waiting for ur replies.... |
It's almost same as saying "I have the courage to commit suicide".
Sorry for the harsh words but a guy like you who claims to trade only ocassionally must appreciate it. Will you make profit? the answer is probably yes but before that you may have to keep paying margin+difference to your broker as nifty climbs to 7000/10000/15000. Can it go that high? It may or may not. But can you afford it? More importantly can your heart take that stress? And what if, in spite of a crash from whatever level, 5800 never comes?
My suggestion is to get out if nifty crosses 6230. Nifty can go down after that too but that's bad luck. IMHO it is the best option I see. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #380 Posted: Wed Oct 23, 2013 7:49 pm Post subject: |
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Mayur: Vinay is correct. Next time keep a stop loss in system NOT in your head. Let it trigger mechanically, not with emotion. May be if it had trig in front of your eyes, you may have gone long and made some profit to cover THAT loss
Have system to identify trade, entry, possible target you are aiming at, partial square off AND stop loss. (It is easy to say but we have all gone thru stages of fear, paralysis after seeing trade go against us and fearing to square off at small loss only to see bigger and bigger loss)
Next time BUY NF (go long) or BUY CALL (go long) or BUY PUT (go short). The only investment you make is initial payment. But in selling future OR option, loss can be UNLIMITED.
Example: If you had bought say 5900 Sept? put (2 lots) at that time, max invst may have been roughly 100*100 =Rs 10000 = total loss, but now what LOSS TARGET are you staring at????
Prakash Holla
PS Start trading future or option only 1 lot (buying only), get hang of it then go for fancy stuff
Simultaneously, go for cash scrips (top 100 nifty to start with), buy when 1 year daily chart shows low, results are OK, means unnec hammered, (eg in April 2010, HUL was hammered to 215, now 600+), buy and tell broker to set PRICE ALERT. It may trig next month also, what's the hurry? |
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shanticomq
White Belt
Joined: 22 Jan 2011
Posts: 219
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| Post: #381 Posted: Wed Oct 23, 2013 8:31 pm Post subject: |
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Hi Pkholla,Vinay28,apka
Where is SAM.??????
Is he in touch with u guys on Mail .
Pl request Him to comback in this forum.
Sanjay |
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mayur2402
White Belt
Joined: 29 Jun 2013
Posts: 8
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| Post: #382 Posted: Wed Oct 23, 2013 8:40 pm Post subject: |
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hi Vinay and Prakash,
Firstly, Thanks a lot for your honest opinion...... I tried keepin a SL but one marginal gap up opening and a rally which I misunderstood as a fake rally got me into a soup.... Trading in options is a very good suggestion which I will definitely act upon once I get out of this mess.... 6230 NS is a very important level... thts true... but considering some important results lined up in coming days i.e. ITC & HUL, I have some hope of minimizing my loss.... For this expiry can I buy 6300 CE to hedge my position tomorrow....?? Again Sir, 6300CE has added hell lot of OI in couple of days so breaching that level is also very tough  ... its so very confusing guys..... feeling the heat really...... |
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parm1
White Belt
Joined: 04 Aug 2013
Posts: 47
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| Post: #383 Posted: Wed Oct 23, 2013 8:41 pm Post subject: |
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Nifty on EOD charts and 5Hr charts has formed top in 6210-6220 range ... is this the immediate top ... one of the major FII has warned of rally ending badly due to subdued Qrtly results ....
views pls |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #384 Posted: Wed Oct 23, 2013 8:58 pm Post subject: |
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| mayur2402 wrote: | hi Vinay and Prakash,
Firstly, Thanks a lot for your honest opinion...... I tried keepin a SL but one marginal gap up opening and a rally which I misunderstood as a fake rally got me into a soup.... Trading in options is a very good suggestion which I will definitely act upon once I get out of this mess.... 6230 NS is a very important level... thts true... but considering some important results lined up in coming days i.e. ITC & HUL, I have some hope of minimizing my loss.... For this expiry can I buy 6300 CE to hedge my position tomorrow....?? Again Sir, 6300CE has added hell lot of OI in couple of days so breaching that level is also very tough ... its so very confusing guys..... feeling the heat really...... |
as of now, 6300 ce is hopeless. for that matter even 6200 ce is. One possibility I think of is about 6000 NS (6012NF) on lower side may be the bottom but provided it goes there. If it does, cover your short and buy 6100ce with a SL of about 5980.
I still feel that 6300 may not be crossed this expiry. BUT liquidity is too strong and any higher level is possible. Buying 6300ce can be a gambing trade but below 5.0 with SL 0. If nifty goes to 6000, same applies to 6200ce also. |
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mayur2402
White Belt
Joined: 29 Jun 2013
Posts: 8
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| Post: #385 Posted: Wed Oct 23, 2013 9:05 pm Post subject: |
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Okayy Vinay Sir... I will keep in mind ur guidance..... Thanks a lot for ur invaluable time..... Again Thanks a lot  |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #386 Posted: Wed Oct 23, 2013 9:30 pm Post subject: |
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| shanticomq wrote: | Hi Pkholla,Vinay28,apka
Where is SAM.?????? Is he in touch with u guys on Mail . Pl request him to comeback in this forum. Sanjay |
Sanjay: We can take a horse to water but we cannot force him to drink. From many days, Sam is unwilling to return, even tho we have begged him again and again. First he was upset by some rude post here in IC, then he said religious festival (very busy) then .. etc etc. Accept that he will return only if and when he wishes and let us move on! I think Apka and Vinay jodi is a good substitute for Sam till we find better replacement OR Sam comes back! Cheers, Prakash Holla |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #387 Posted: Wed Oct 23, 2013 10:27 pm Post subject: |
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| pkholla wrote: | | shanticomq wrote: | Hi Pkholla,Vinay28,apka
Where is SAM.?????? Is he in touch with u guys on Mail . Pl request him to comeback in this forum. Sanjay |
Sanjay: We can take a horse to water but we cannot force him to drink. From many days, Sam is unwilling to return, even tho we have begged him again and again. First he was upset by some rude post here in IC, then he said religious festival (very busy) then .. etc etc. Accept that he will return only if and when he wishes and let us move on! I think Apka and Vinay jodi is a good substitute for Sam till we find better replacement OR Sam comes back! Cheers, Prakash Holla |
We are going to be outcasted Vinay  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #388 Posted: Thu Oct 24, 2013 9:43 am Post subject: |
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bolana boss 6300 easily aa sakta, OI on call side is very timid 
6243 spot, 6263 fut... how far are we from all time highs for both NF and Spot? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #389 Posted: Thu Oct 24, 2013 9:48 am Post subject: |
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| apka wrote: | bolana boss 6300 easily aa sakta, OI on call side is very timid
6243 spot, 6263 fut... how far are we from all time highs for both NF and Spot? |
nothing can stand in front of liquidity |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #390 Posted: Thu Oct 24, 2013 9:52 am Post subject: |
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| vinay28 wrote: | | apka wrote: | bolana boss 6300 easily aa sakta, OI on call side is very timid
6243 spot, 6263 fut... how far are we from all time highs for both NF and Spot? |
nothing can stand in front of liquidity |
Isn't the sensex all time high 21078? ... We crossed 21000 intraday... so we are hardly 80 points away from sensex all time high. |
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