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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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Post: #5011  Posted: Wed Sep 12, 2012 11:02 am Post subject: |
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| psalm wrote: | | sonila wrote: | | Sam, have u exited 5300pe, if yes, then at what rate ? |
Yes, I did sell them.....Sonila...around 20.... |
ok....are u going to buy any out of the money call like 5600/5500 ce ? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5012 Posted: Wed Sep 12, 2012 11:10 am Post subject: |
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| sonila wrote: | | psalm wrote: | | sonila wrote: | | Sam, have u exited 5300pe, if yes, then at what rate ? |
Yes, I did sell them.....Sonila...around 20.... |
ok....are u going to buy any out of the money call like 5600/5500 ce ? |
No plans to buy CALLs...not bullish at all...I still have 5400 PUTs and 5100 PUTs (OCT) which I have bought a few weeks back.....5400 PUTs, I'm holding them with a loss of around 30 points now....  ....By the way, I'm not comfortable going LONG....might try some PUTs at the evening after looking at the situation....anyway, not interested in taking much risks in this situation...that's why trading in options....  |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #5013 Posted: Wed Sep 12, 2012 11:22 am Post subject: |
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Very true SAM.
But I tried my hand by purchasing a few 5500/5600 calls on monday |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5014 Posted: Wed Sep 12, 2012 11:31 am Post subject: |
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| saumya12 wrote: | Very true SAM.
But I tried my hand by purchasing a few 5500/5600 calls on monday |
Market may continue to go up as in the last few weeks....In that case, your CALLs might reward you with some good profits, Saumya.....but I'm not comfortable (both technically and fundamentally) going LONG.....In fact, I dont have the courage to go LONG.... |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #5015 Posted: Wed Sep 12, 2012 12:21 pm Post subject: |
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| psalm wrote: | | saumya12 wrote: | Very true SAM.
But I tried my hand by purchasing a few 5500/5600 calls on monday |
Market may continue to go up as in the last few weeks....In that case, your CALLs might reward you with some good profits, Saumya.....but I'm not comfortable (both technically and fundamentally) going LONG.....In fact, I dont have the courage to go LONG.... |
True Sam! But,be patient you can short at an opportune time. Waiting at sidelines will not harm you. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5016 Posted: Wed Sep 12, 2012 12:24 pm Post subject: |
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| rk_a2003 wrote: |
True Sam! But,be patient you can short at an opportune time. Waiting at sidelines will not harm you. |
I can resist anything, but temptation.....RK....  |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #5017 Posted: Wed Sep 12, 2012 12:27 pm Post subject: |
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| psalm wrote: | | rk_a2003 wrote: |
True Sam! But,be patient you can short at an opportune time. Waiting at sidelines will not harm you. |
I can resist anything, but temptation.....RK.... |
It's traders syndrome.No one is exception..... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5018 Posted: Wed Sep 12, 2012 12:29 pm Post subject: |
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| rk_a2003 wrote: | | psalm wrote: | | rk_a2003 wrote: |
True Sam! But,be patient you can short at an opportune time. Waiting at sidelines will not harm you. |
I can resist anything, but temptation.....RK.... |
It's traders syndrome.No one is exception..... |
hahaha...yup....very much true....  |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #5019 Posted: Wed Sep 12, 2012 12:31 pm Post subject: |
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| nifty future can be shorted here with sl of 5334 as one unfilled gap at 5432 hasbeen filled. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5020 Posted: Wed Sep 12, 2012 12:34 pm Post subject: |
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| ridinghood wrote: | | nifty future can be shorted here with sl of 5334 as one unfilled gap at 5432 hasbeen filled. |
I have worries only if it goes up....Ridinghood..... ....I'm more than happy if it goes down...cos, I have added BankNifty shorts as well today with a stoploss of 10280....hahaha...anyway, let's see..... |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #5021 Posted: Wed Sep 12, 2012 12:38 pm Post subject: |
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| Quote: | | I have worries only if it goes up....Ridinghood..... Laughing ....I'm more than happy if it goes down...cos, I have added BankNifty shorts as well today with a stoploss of 10280....hahaha...anyway, let's see..... |
hi psalm,
shorts only for the day. carrying overnight could be suicidal.
regs
ridinghood |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #5022 Posted: Wed Sep 12, 2012 12:50 pm Post subject: |
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This is the 6th day for nifty since it started its upward journey, in case today is positive. In this a gap up was also included. A sharp correction is hard to come immediately. Any correction could be limited for intraday. Ever promising QE3 is still luring the Global markets. It’s just liquidity that is driving the markets.
Otherwise, could you imagine markets going up with hell lot of problems? Low GDP, Increasing NPA’s for Banks. Widening Fiscal Deficit, High inflation, Policy paralysis. Coalgate ,Rainfall deficit…..The list can go on. The only available positive is demographic advantage, that’s why FMCG, Health care zooming up. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5023 Posted: Wed Sep 12, 2012 12:50 pm Post subject: |
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| ridinghood wrote: | | Quote: | | I have worries only if it goes up....Ridinghood..... Laughing ....I'm more than happy if it goes down...cos, I have added BankNifty shorts as well today with a stoploss of 10280....hahaha...anyway, let's see..... |
hi psalm,
shorts only for the day. carrying overnight could be suicidal.
regs
ridinghood |
I know...but will see at the end of the day.....may be some hedging might help...anyway, let's see.... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5024 Posted: Wed Sep 12, 2012 12:59 pm Post subject: |
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| rk_a2003 wrote: | This is the 6th day for nifty since it started its upward journey, in case today is positive. In this a gap up was also included. A sharp correction is hard to come immediately. Any correction could be limited for intraday. Ever promising QE3 is still luring the Global markets. It’s just liquidity that is driving the markets.
Otherwise, could you imagine markets going up with hell lot of problems? Low GDP, Increasing NPA’s for Banks. Widening Fiscal Deficit, High inflation, Policy paralysis. Coalgate ,Rainfall deficit…..The list can go on. The only available positive is demographic advantage, that’s why FMCG, Health care zooming up. |
One can understand when Pharma and FMCG goes up.....or to a certain extend stocks with domestic consumption stories going up (eg V-guard)....but how about metals?...How abt mining??...How abt banking and financials if the economy is not gonna grow (think about NPAs)?...how abt Capital Goods and Realty stocks when the Interest rates are high and economy is not growing?....its not a rosy picture at all.....But yes, the dreamers are only aiming for a short term solace.....this kinda situations happens once in a life time, RK.....So, there is no point in complaining...this is not a secular market at all....I mean no respect for fundamentals and technicals.....its the rude power of liquidity...or the money in the offing......this cannot go on forever.....so we'll see secular markets(correction )......Anyway, let's see how it pans out in the coming weeks.... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5025 Posted: Wed Sep 12, 2012 1:07 pm Post subject: |
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| psalm wrote: | | rk_a2003 wrote: | This is the 6th day for nifty since it started its upward journey, in case today is positive. In this a gap up was also included. A sharp correction is hard to come immediately. Any correction could be limited for intraday. Ever promising QE3 is still luring the Global markets. It’s just liquidity that is driving the markets.
Otherwise, could you imagine markets going up with hell lot of problems? Low GDP, Increasing NPA’s for Banks. Widening Fiscal Deficit, High inflation, Policy paralysis. Coalgate ,Rainfall deficit…..The list can go on. The only available positive is demographic advantage, that’s why FMCG, Health care zooming up. |
One can understand when Pharma and FMCG goes up.....or to a certain extend stocks with domestic consumption stories going up (eg V-guard)....but how about metals?...How abt mining??...How abt banking and financials if the economy is not gonna grow (think about NPAs)?...how abt Capital Goods and Realty stocks when the Interest rates are high and economy is not growing?....its not a rosy picture at all.....But yes, the dreamers are only aiming for a short term solace.....this kinda situations happens once in a life time, RK.....So, there is no point in complaining...this is not a secular market at all....I mean no respect for fundamentals and technicals.....its the rude power of liquidity...or the money in the offing......this cannot go on forever.....so we'll see secular markets(correction )......Anyway, let's see how it pans out in the coming weeks.... |
I have mentioned secular markets just to emphasize the trend that follows fundamentals....By the way, I was mentioning for a period of few months not for a long period of time.... |
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