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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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Post: #331  Posted: Tue Jan 24, 2012 11:04 am Post subject: Nifty Update |
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I have exited all my NIFTY LONGs now around 5090 levels. Booked full profit in the Bank Nifty also.  ...The market might test 5100-5105 levels.
Regards,
Sam |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #332 Posted: Tue Jan 24, 2012 11:05 am Post subject: |
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Hi Guys ..... still in 'disbelief' ?
Dont Fight the Liquidity ! Ref Mastermind post re the call to all Ducks .... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #333 Posted: Tue Jan 24, 2012 11:09 am Post subject: |
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| I played a little both ways with success. now short again hoping my "feeling" will be right! |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #334 Posted: Tue Jan 24, 2012 11:09 am Post subject: |
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hi..........plasm
RBI CRR cut by 50bps.........wt wii b next for nifty??......pls suggest..................exit or hold pos.??
thanks
anand |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #335 Posted: Tue Jan 24, 2012 11:09 am Post subject: |
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| AJAYHKAUL wrote: | Hi Guys ..... still in 'disbelief' ?
Dont Fight the Liquidity ! Ref Mastermind post re the call to all Ducks .... |
I never had any disbelief....I always believe.....I believe that the market is gonna go down....it may go up by another 100 or 120 points...but ultimately, it will go down...thats my belief...  ...... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #336 Posted: Tue Jan 24, 2012 11:14 am Post subject: |
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| anand1234 wrote: | hi..........plasm
RBI CRR cut by 50bps.........wt wii b next for nifty??......pls suggest..................exit or hold pos.??
thanks
anand |
If you want to hold the LONGs, then you can hold it with strict stoplosses Anand....Ppl have different opinion about the market...some are saying to go LONG and ppl like me are saying to book profit and wait for a clear trend now. You can choose anyway, you want. But be cautious. Always trade with strict stoplosses.
Note: For the day, I expect resistance in the range 5100-5105 as mentioned earlier.
Regards,
Sam |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #337 Posted: Tue Jan 24, 2012 11:18 am Post subject: |
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| psalm wrote: | | anand1234 wrote: | hi..........plasm
RBI CRR cut by 50bps.........wt wii b next for nifty??......pls suggest..................exit or hold pos.??
thanks
anand |
If you want to hold the LONGs, then you can hold it with strict stoplosses Anand....Ppl have different opinion about the market...some are saying to go LONG and ppl like me are saying to book profit and wait for a clear trend now. You can choose anyway, you want. But be cautious. Always trade with strict stoplosses.
Note: For the day, I expect resistance in the range 5100-5105 as mentioned earlier.
Regards,
Sam |
hi.........plasm
many thx.......for ur comments
thanks
anand |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #338 Posted: Tue Jan 24, 2012 11:24 am Post subject: Positions |
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I have a few Nifty SHORTS now...and a few 5100 PUTs as well. Will be SHORTING again if the market goes up. Also, will be shorting banknifty around 9800 levels.
Regards,
Sam |
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Nilay
White Belt
Joined: 04 Jul 2011
Posts: 52
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| Post: #339 Posted: Tue Jan 24, 2012 11:34 am Post subject: Re: Positions |
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| psalm wrote: | I have a few Nifty SHORTS now...and a few 5100 PUTs as well. Will be SHORTING again if the market goes up. Also, will be shorting banknifty around 9800 levels.
Regards,
Sam |
Hi Sam,if i take a short at this level what wll be the stop loss? nifty spot.
Thanks
Nilay |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #340 Posted: Tue Jan 24, 2012 11:39 am Post subject: |
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| psalm wrote: | | AJAYHKAUL wrote: | Hi Guys ..... still in 'disbelief' ?
Dont Fight the Liquidity ! Ref Mastermind post re the call to all Ducks .... |
I never had any disbelief....I always believe.....I believe that the market is gonna go down....it may go up by another 100 or 120 points...but ultimately, it will go down...thats my belief... ...... |
Sure ...ultimately we are all gonna die !.... but read your emotions along the price moves... it is well documented in your thread..
Interesting psyche study in these forums.... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #341 Posted: Tue Jan 24, 2012 11:41 am Post subject: Nifty Short |
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Hi Nilay,
The market will be volatile, because of tomorrow's expiry and today's RBI's decision. So, it will be very difficult to have any stoploss. But if I am short around 5100 levels, I'll think about keeping a stoploss just above 5120 or so....The SHORT positions I have are positional. I'll be adding the SHORT Positions as the nifty goes up to around 5160....and then My stoploss will be just above 5230....
Note: Trading in options will reduce the volatility.
Regards,
Sam |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #342 Posted: Tue Jan 24, 2012 11:47 am Post subject: |
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| AJAYHKAUL wrote: | | psalm wrote: | | AJAYHKAUL wrote: | Hi Guys ..... still in 'disbelief' ?
Dont Fight the Liquidity ! Ref Mastermind post re the call to all Ducks .... |
I never had any disbelief....I always believe.....I believe that the market is gonna go down....it may go up by another 100 or 120 points...but ultimately, it will go down...thats my belief... ...... |
Sure ...ultimately we are all gonna die !.... but read your emotions along the price moves... it is well documented in your thread..
Interesting psyche study in these forums.... |
YES Ajay...VERY MUCH...i have mentioned my opinion and my strategy many times.....and i still BELIEVE in that....Even if the market breaks out, I wont still be disbelieving...I'll just be following my strategy again at that time....As I have said earlier, If I BELIEVE that the market is in an uptrend at any point of time, I will start buying NIFTY....I'm not confused at all.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #343 Posted: Tue Jan 24, 2012 11:47 am Post subject: |
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| here's something one can try. sell 5300 feb call (now 51.30) with SL 56. if it is triggered sell 5400 call |
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Nilay
White Belt
Joined: 04 Jul 2011
Posts: 52
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| Post: #344 Posted: Tue Jan 24, 2012 11:49 am Post subject: Re: Nifty Short |
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| psalm wrote: | Hi Nilay,
The market will be volatile, because of tomorrow's expiry and today's RBI's decision. So, it will be very difficult to have any stoploss. But if I am short around 5100 levels, I'll think about keeping a stoploss just above 5120 or so....The SHORT positions I have are positional. I'll be adding the SHORT Positions as the nifty goes up to around 5160....and then My stoploss will be just above 5230....
Note: Trading in options will reduce the volatility.
Regards,
Sam |
Hi Sam I dont have much knowledge of options but thanks for your reply.I wll wait for expiry n take position as per ur stop loss
Thanks
Nilay |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #345 Posted: Tue Jan 24, 2012 11:59 am Post subject: Nifty Short |
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| Nilay wrote: | | psalm wrote: | Hi Nilay,
The market will be volatile, because of tomorrow's expiry and today's RBI's decision. So, it will be very difficult to have any stoploss. But if I am short around 5100 levels, I'll think about keeping a stoploss just above 5120 or so....The SHORT positions I have are positional. I'll be adding the SHORT Positions as the nifty goes up to around 5160....and then My stoploss will be just above 5230....
Note: Trading in options will reduce the volatility.
Regards,
Sam |
Hi Sam I dont have much knowledge of options but thanks for your reply.I wll wait for expiry n take position as per ur stop loss
Thanks
Nilay |
200 day EMA is around 5130...I expect the market to break 5130 before Sell Off, If any.
NOTE: Buying PUTs will be better than selling Nifty in these moments because, there is high chances of any Stoploss getting triggered in this volatile environment. But if you are holding PUTs, the volatility wont be that much. At the same time, it will be like having a short position.
Regards,
Sam |
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