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apka
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Post: #5476  Posted: Tue Oct 16, 2012 7:48 pm Post subject: |
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europe and dow and 5600pe OI .. confuzzling my small mind  |
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apka
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| Post: #5477 Posted: Tue Oct 16, 2012 7:49 pm Post subject: |
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| apka wrote: | | europe and dow and 5600pe OI .. confuzzling my small mind |
"Pandit Steps Down as Citi's Chief"
Is it really that good a news that US market is rallying for... |
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vinay28
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| Post: #5478 Posted: Tue Oct 16, 2012 8:17 pm Post subject: |
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| apka, FIIs sold today a bit. Market is creating dilemma in the minds of traders but it is surely not a catch 22 situation. Though market seems to be on the verge of a break down, I feel a massive bear trap is being created. |
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apka
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| Post: #5479 Posted: Tue Oct 16, 2012 8:38 pm Post subject: |
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| vinay28 wrote: | | apka, FIIs sold today a bit. Market is creating dilemma in the minds of traders but it is surely not a catch 22 situation. Though market seems to be on the verge of a break down, I feel a massive bear trap is being created. |
i always fail to understand between bear trap and bull trap.
which is laid by bears for the bulls and which one is laid by bulls for the bears ? |
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apka
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| Post: #5480 Posted: Tue Oct 16, 2012 8:41 pm Post subject: |
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| land acquisition bill passed to by Group of Ministers, it will taken up in winter parliament session. |
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vinay28
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| Post: #5481 Posted: Tue Oct 16, 2012 8:43 pm Post subject: |
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apka, traps are not laid by bulls or bears but much higher levels animals!  |
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apka
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| Post: #5482 Posted: Tue Oct 16, 2012 8:59 pm Post subject: |
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| vinay28 wrote: | | apka, traps are not laid by bulls or bears but much higher levels animals! |
no i mean bear trap means for the bears or by the bears, i mix up between the two. |
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rk_a2003
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Joined: 21 Jan 2010
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| Post: #5483 Posted: Tue Oct 16, 2012 9:07 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | apka, traps are not laid by bulls or bears but much higher levels animals! |
no i mean bear trap means for the bears or by the bears, i mix up between the two. |
Bear trap is traping bears ,Bull trap is traping bulls. |
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apka
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| Post: #5484 Posted: Tue Oct 16, 2012 9:09 pm Post subject: |
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ok thank u rk, ill remember next time what bear trap is with the feeling i get if nifty gaps up tomorrow  |
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vinay28
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| Post: #5485 Posted: Tue Oct 16, 2012 9:10 pm Post subject: |
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apka, you don't know this because you have never done poaching. 
ASSUMING that nifty is headed towards 6000++, traders will come in hordes to short once nifty goes below, say, 5630. Nifty may then go upto 5550 to make them happy and then continuous large gap up opens to trap them as it happened in Jan/Sept. forcing them to cover at much higher levels. Remember that big time traders just don't cover shorts but add to them and then commit suicide.
Last edited by vinay28 on Tue Oct 16, 2012 9:13 pm; edited 1 time in total |
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rk_a2003
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| Post: #5486 Posted: Tue Oct 16, 2012 9:11 pm Post subject: |
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| apka wrote: | | ok thank u rk, ill remember next time what bear trap is with the feeling i get if nifty gaps up tomorrow |
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apka
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| Post: #5487 Posted: Tue Oct 16, 2012 9:21 pm Post subject: |
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| vinay28 wrote: | apka, you don't know this because you have never done poaching.
ASSUMING that nifty is headed towards 6000++, traders will come in hordes to short once nifty goes below, say, 5630. Nifty may then go upto 5550 to make them happy and then continuous large gap up opens to trap them as it happened in Jan/Sept. forcing them to cover at much higher levels. Remember that big time traders just don't cover shorts but add to them and then commit suicide. |
aahh yes that would be okay if nifty rises after seeing 5550.. it would be following technicals, but starting a rally from tomorrow would be defying technicals since spot and fut both made new low, closed on a new low and also made bearish engulfing candle... heavyweights like LT also broke out of a rising wedge, tatasteel broke its rising trendline, sbin also made bearish engulfing and so did reliance... and axis made a shooting star... so world market making nifty rise will be even more confusing. |
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apka
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| Post: #5488 Posted: Tue Oct 16, 2012 9:23 pm Post subject: |
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| i hope arvind kejriwal prepones his announcement tomorrow and speaks about more than 3 congress members.. ahh, would be sweet like a cake. |
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vinay28
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| Post: #5489 Posted: Tue Oct 16, 2012 9:47 pm Post subject: |
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| listen to your heart apka having studied so much about recent movements and short at higher levels if you are convinced. |
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apka
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| Post: #5490 Posted: Tue Oct 16, 2012 10:00 pm Post subject: |
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| vinay28 wrote: | | listen to your heart apka having studied so much about recent movements and short at higher levels if you are convinced. |
hmm. if nifty gaps up and trades above 5675-5680 for more than 10-15 mins, ill be opting out of oct series & sqring my positions. Then i'll just wait for rbi policy day before re-entering again. It's utterly confusing when technicals / fno are not respected in nifty and heavywieghts. |
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