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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #5761  Posted: Thu Nov 01, 2012 8:37 pm Post subject: |
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| saumya12 wrote: | Hi friends
Just check the US indices and SGX Nifty |
they are hardly under check, they are flying  |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #5762 Posted: Thu Nov 01, 2012 9:01 pm Post subject: |
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i thhink its time for me to say..oops ..I'll bleed tmrw morning  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5763 Posted: Thu Nov 01, 2012 9:47 pm Post subject: |
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| stevenmat wrote: | | i thhink its time for me to say..oops ..I'll bleed tmrw morning |
Its too early to say how the asian markets will react tomorrow....but looking at the way Europe and the U.S is progressing, one can safely assume that it will be a gap up opening....by the way, what was the stoploss you had in mind Steven?....I still feel that as long as the market trades below 5690 or 5700, there is nothing much to worry....but 5690 or 5700 means another 40 or 50 points from the current levels.....anyway, let's wait and see how Asian Markets are gonna perform tomorrow.....  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5764 Posted: Thu Nov 01, 2012 9:49 pm Post subject: |
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not necessarily steve. nifty can react from any level upto 5720NS tmrw and may make a new low upto 5525 or even 5425 after that. The SL for your short should be 5730 for say 15tf close. I feel FIIs may scare bulls and bears alike for a week, gobbling up SLs till 8th nov.
That's why I had posted that gamblers should buy 6000ce for nov and forget about it. Let coming 7 days not perturb you. |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #5765 Posted: Fri Nov 02, 2012 8:46 am Post subject: |
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hi...good morning...had gone for skyfall after i posted that (just to take my mind off  )
i've decided to exit my shorts if the nifty closes above 5700NS.. Lets see what happens..i still believe that nifty can touch 5435.. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5766 Posted: Fri Nov 02, 2012 9:14 am Post subject: |
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| stevenmat wrote: | hi...good morning...had gone for skyfall after i posted that (just to take my mind off )
i've decided to exit my shorts if the nifty closes above 5700NS.. Lets see what happens..i still believe that nifty can touch 5435.. |
For me, I'll believe that the market may head for 5780 if it closes above 5692 at least 2 times in 60TF.....having said that I'll be holding my shorts even if the market goes up....I have a few LONGs in the stock space...I'll exit them today itself, I mean all of my LONGs.........I will think about going LONG only if the market trades above the recent highs....I might miss another 150 point or so...but going LONG from here doesn't look safe to me......In fact, I'll be trying accumulate PUTs in this 100 or 150 point range, expecting levels around 5450 in the next one or two weeks......Let's see what's in store for us..... |
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saurabhkurichh
White Belt
Joined: 30 Oct 2006
Posts: 127
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| Post: #5767 Posted: Fri Nov 02, 2012 11:19 am Post subject: |
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| till now all 60 minute bars are red but not with a lower low. having said that we are close to taking out recent highs ..... |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #5768 Posted: Fri Nov 02, 2012 11:35 am Post subject: |
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| Is Nifty forming cup and handle in 1 hr TF |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5769 Posted: Fri Nov 02, 2012 11:35 am Post subject: |
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| saurabhkurichh wrote: | | till now all 60 minute bars are red but not with a lower low. having said that we are close to taking out recent highs ..... |
We're just 120 or 130 points away from a new high right.....market can take that in a single session......no denying about that....but I'm betting against that event..... ...could be foolishness...but I'm ready to risk that 120 point or so.....will be buying PUTs if the market goes up further......Having said that, I expect the market to test 5775 or 5785 levels....Let's see how it goes.... |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #5770 Posted: Fri Nov 02, 2012 11:39 am Post subject: |
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| Sam: PUTTING all your faith in, er, puts. Eh? Good fer ye, Sam! |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #5771 Posted: Fri Nov 02, 2012 11:41 am Post subject: |
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| psalm wrote: | | saurabhkurichh wrote: | | till now all 60 minute bars are red but not with a lower low. having said that we are close to taking out recent highs ..... |
We're just 120 or 130 points away from a new high right.....market can take that in a single session......no denying about that....but I'm betting against that event..... ...could be foolishness...but I'm ready to risk that 120 point or so.....will be buying PUTs if the market goes up further......Having said that, I expect the market to test 5775 or 5785 levels....Let's see how it goes.... |
u should consider joining a FII / DII. you dont get shaken in your positions even by swing of 100-200 points. |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #5772 Posted: Fri Nov 02, 2012 11:42 am Post subject: |
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| ah sam ! i don't want to bleed further! |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #5773 Posted: Fri Nov 02, 2012 11:42 am Post subject: |
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5300-5700ce all shedding OI.
P.S. I wanna get rid of the yellow belt  |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #5774 Posted: Fri Nov 02, 2012 11:45 am Post subject: |
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| apka wrote: | | psalm wrote: | | saurabhkurichh wrote: | | till now all 60 minute bars are red but not with a lower low. having said that we are close to taking out recent highs ..... |
We're just 120 or 130 points away from a new high right.....market can take that in a single session......no denying about that....but I'm betting against that event..... ...could be foolishness...but I'm ready to risk that 120 point or so.....will be buying PUTs if the market goes up further......Having said that, I expect the market to test 5775 or 5785 levels....Let's see how it goes.... |
u should consider joining a FII / DII. you dont get shaken in your positions even by swing of 100-200 points. |
But the difference is they make swings. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #5775 Posted: Fri Nov 02, 2012 11:46 am Post subject: |
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| apka wrote: | 5300-5700ce all shedding OI.
P.S. I wanna get rid of the yellow belt |
Calls shedding OI ,more upside or twist is coming?
Apka the yellow belt looks great, |
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