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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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Post: #5656  Posted: Fri Oct 26, 2012 1:24 pm Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | taxmann50 wrote: | | Another hopeless day!!! |
Risk-reward is favoring the LONG trade at this point of time......if somebody can place a stoploss below "today's low", there is nothing wrong in going LONG, I feel.....but one should remember that the market could make a new low today....that is the risk one will have to take....
NOTE: If not interested in carrying positions overnight, its better to wait for clear direction, rather than trade with confusion. The moves in the next few days could be volatile (either UP or DOWN). So, think twice before carrying any position overnight.  |
Samji, a lot will depend on the results of ICICI and Unilever, |
Looks like the street is not happy.....  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #5657 Posted: Fri Oct 26, 2012 1:26 pm Post subject: |
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| psalm wrote: | | taxmann50 wrote: | | psalm wrote: | | taxmann50 wrote: | | Another hopeless day!!! |
Risk-reward is favoring the LONG trade at this point of time......if somebody can place a stoploss below "today's low", there is nothing wrong in going LONG, I feel.....but one should remember that the market could make a new low today....that is the risk one will have to take....
NOTE: If not interested in carrying positions overnight, its better to wait for clear direction, rather than trade with confusion. The moves in the next few days could be volatile (either UP or DOWN). So, think twice before carrying any position overnight. |
Samji, a lot will depend on the results of ICICI and Unilever, |
Looks like the street is not happy..... |
What more they want? |
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NittinP
White Belt
Joined: 23 Sep 2012
Posts: 48
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| Post: #5658 Posted: Fri Oct 26, 2012 1:43 pm Post subject: |
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Historically, whenever day after expiry market closes in -ve, that means monthly close is going to be -ve.
Hence is recommended to have short position created as close as possible to last monthly closing with SL of Closing price + 44 point.
Regards,
NP |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5659 Posted: Fri Oct 26, 2012 1:55 pm Post subject: |
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Market could be under a bit more pressure if we break below 5662 again.....In that case 5640 or even 5600 could be tested....  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #5660 Posted: Fri Oct 26, 2012 1:56 pm Post subject: |
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| NittinP wrote: | Historically, whenever day after expiry market closes in -ve, that means monthly close is going to be -ve.
Hence is recommended to have short position created as close as possible to last monthly closing with SL of Closing price + 44 point.
Regards,
NP |
i get confused easily... do u mean negative closing for the oct month in the next 3 trading days? oct opened @ 5705. last monthly closing @ 5704, so SL 5748 ? |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #5661 Posted: Fri Oct 26, 2012 2:06 pm Post subject: |
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| Samji what should be the stoploss for long now? |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #5662 Posted: Fri Oct 26, 2012 2:08 pm Post subject: |
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| finally VIX back on proteins |
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #5663 Posted: Fri Oct 26, 2012 2:11 pm Post subject: Re: hi |
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| chiragbvyas wrote: | Nifty Spot :
5713 is consuming little more time than expected. Now time has arrived for either side break out.
chirag... |
So below 5713 .......... let us see......
chirag... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #5664 Posted: Fri Oct 26, 2012 2:12 pm Post subject: |
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| nifty OI is near 1.85 lakhs, as less when we were range bound in march april. does not encourage long right now. maybe something will happen after rbi policy. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5665 Posted: Fri Oct 26, 2012 2:15 pm Post subject: |
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| taxmann50 wrote: | | Samji what should be the stoploss for long now? |
If it was intraday, then the stoploss is already taken (5662)....but for positional, it should be either 5640 on a closing basis or 5600 on an intraday basis.....that's what I have in mind....by the way, I have no position in Nifty...though I have a LONG position in INFY , RELIANCE , HUL , Bharti and Cairn..... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5666 Posted: Fri Oct 26, 2012 2:16 pm Post subject: |
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| psalm wrote: | | taxmann50 wrote: | | Samji what should be the stoploss for long now? |
If it was intraday, then the stoploss is already taken (5662)....but for positional, it should be either 5640 on a closing basis or 5600 on an intraday basis.....that's what I have in mind....by the way, I have no position in Nifty...though I have a LONG position in INFY , RELIANCE , HUL , Bharti and Cairn..... |
All the LONGs were taken today....I'm short in L&T, KTKBK, ORIENTBANK, HEROHONDA and Bajaj..... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5667 Posted: Fri Oct 26, 2012 2:25 pm Post subject: |
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| apka, nitin is talking about nov |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #5668 Posted: Fri Oct 26, 2012 2:51 pm Post subject: |
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| apka wrote: | | finally VIX back on proteins |
Apka Seth: wait for VIX to obtain steroids from Lance Armstrong. Then banegi baat! With best compliments, Prakash Holla
PS What is the world coming to? He has passed every drug test, koi jealousy se chugli kiya aur Lance ka naam kharab. Give a dog a bad name and hang him! |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #5669 Posted: Fri Oct 26, 2012 2:57 pm Post subject: |
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| RBI action will be inaction!! |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #5670 Posted: Fri Oct 26, 2012 3:06 pm Post subject: |
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| we have become numb to inflation nos., numb to rbi inaction, numb to ril lt pnb icici results... nifty is behaving like somebody had a breakup recently... |
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