iCharts Discussions

[vinay28]

even positional puts could give you trouble, psalm. take care and good luck

[psalm]

Dear Vinay,

Its better, you find a place to Hide....Expiry is coming thick and fast.....

[vinay28]

hahaha, good one. May be psalm, i will have no place to hide. But i am also thinking of year end.

By the way many large brokerages are suggesting buying 4600, 4700 and 4800 calls for dec and selling the same for jan.

If we have a gap up on monday, if at all we have one, we may open at 4753 and then your 4830/40 seems likely.

[psalm]

Coming Christmas, Santa will be in New York......Not in Mumbai.....Teddy Bears are the "Pick of the Season". Bull Fight is a thing of the past. You may not find a Bull even in Spain, though they were able to sell their bonds. In my opinion, the BULLs should be included in the list of "Endangered Species".

[doctorshah]

Dear psalm hamare pass Viru Anna hai!!!!!!!!!

[psalm]

[psalm]

Hi,

The resistances for the day are 4755 and 4795 (spot levels) respectively. Supports for the day are 4675 and 4630 respectively (spot levels). As I belive that the market is destined to go down, I suggest to sell at higher levels. For the day, one can either sell around 5750 or around 5790 with the support levels mentioned as targets.

NOTE: This week, one can sell the Nifty December Future with a stoploss at 4740 levels on a CLOSING basis, else 4840 on an INTRADAY basis (Nifty Future levels).

[psalm]

Those who SHORT Nifty around 4755 levels can have a STOP-LOSS just above 4763 (all spot levels). However, those who SHORT nifty around 4795 can have a stop-loss above 4806 (Spot levels too).

[psalm]

Any SHORT position in the Market should be protected by a stop-loss around 4840. Even for the Positional SHORTS, I'll be keeping a stop-loss of 4840. I expect very volatile movements in the next 3 sessions. I believe the market will gain or lose at least 250 points in the next 3 trading sessions. I'm still maintaining my negative bias so i'm waiting for a target around 4500.

[vinay28]

Psalm, your SL is 120 points away from present value?

[psalm]

It is for the positional SHORTs or Positional PUTs. I don't own any Nifty SHORTs. But, I have bought a few PUTs, when the markets were around 4950 and have booked partial profit around 4680 earlier. I was expecting the markets to hit the 4500 levels before expiry. So, just waiting for it. Don't knw if its too much to expect, hahaha. But even if my stop-loss gets triggered, then also, i'll be in profits.

[vinay28]

Today 4735, 4760, 4780 and then 4800+? Let's see what happens from 12 noon

[rk_a2003]

[psalm]

Be cautious Vinay...I see a 250-300 point movement within 3 days. Though i'm supporting a downward movement, I'm not sure about it. I believe you are in favour of an Upmove. I dont knw who will be smiling at the end. But we should be really carefull.

[vinay28]

Oh no, psalm. It's not an issue of who will smile later. I just posted what I feel seems to be happening.

A series of weekes, worrell and wolcott (www ) and a +ve div