100% profit in 6 months...!

[NiftyFantasy]

majority of the poll has voted in favor of 100 %...of course count me on

This is clearly showing how much optimistic we are... my vote is for sharing the profit... (Linkon North Kerala bhi bura nahi hai tour ke liye)

Abhi

Note: I have voted for sharing the profit bcz this is doing by linkon otherwise it would be FROM POCKET...

 

[rajputz]

more like playing cricket with a beach ball...
hope tomorrow will be different...

Tomorrow seems like a pull back emotionally...but according to charts it can go further dwn...looks like next target to be 4750 if goes down....

 

[NiftyFantasy]

To Linkon:
Try some bet on SUZLON future/option underperforming now... but can be changed any time... keep an eye @66-72 levels

best of luck

 

[NiftyFantasy]

4750 is for sure... dont expect any bounce back for tomorrow bcz RBI meet is on 29th...

 

[rajputz]

if tomorrow is a bounce back then surely we can expect that the RBI meet will be goood

 

[saivenkat]

if tomorrow is a bounce back then surely we can expect that the RBI meet will be goood

If the most expected CRR and REPO rate cuts occur, do you feel that BANK NIFTY WILL fall further, or have the market already discounted them during these days sir.
Regards
Saivenkat

 

[linkon7]

To Linkon:
Try some bet on SUZLON future/option underperforming now... but can be changed any time... keep an eye @66-72 levels

best of luck

SO far made just 5 K. Still need another 45 K profit, and only then can i touch stocks...

 

[sibumajumdar]

Dear Linkon,

Best of luck from my side but what u need is only & only little patience (rest u have evrything). As i know u personally for long U can surely achieve your target with ease. Let Almighty give U all the streanth & stamina. With thanks.....SLM Uncle

 

[now]

I was having a talk with a friend of mine and topic was the max return a person can get from this market. While he insisted that 15%-20% P.A. is the max that the best in the industry can achieve by fully protecting their capital. I begged to differ. One thing led to the other and now, he has given me his account with 2 L capital with rider that, if i can achieve 100% profit in 6 months, then entire profit is mine. However, if the capital depreciates, then i'll reimburse him the difference. If its less than 100%, we'll split it down the middle, after deducting lax liabilities. Fair enough. The challenge is on...

I decided to post the progress here so that i can later reflect on this for future reference. It'll also help him track the current position of his money.

Question arises...is it feasible? will i end up paying him from my pocket ? will i end up touring Europe with my family with the fruit of 6 month's labour ?

i wish i was your that friend , would have loved to learn from you , instead of entering into wager :clap:

 

[linkon7]

Almost all momentum indicators are pointing to a very strong force on the downward direction. The volume is the highest we seen in a long long time. We closed virtually at the low of the day. We never went above the 34 ema in 15 min TF. There was a element of panic selling in the last 1 hour today.

All the oscillators are pointing towards a technical bounce. 4900 call Jan was written mercilessly and has added huge OI. So a chance remains of a technical bounce to that level, just to force a short covering, remains.

Key levels are :
4918 is the 50% retracement.
4912 is where ema 34 is in 15 min TF.
4907 is the exit from bear channel in hrly TF.
4859, is the exit from the bear channel in 15 min TF
4828 is the 61.2% retracement.
4801 is the low we made on nov 27th
4534, is low we made on nov 3rd.

unless we want to draw retracement from july low of 3909, there is virtually nothing between 4801 to 4534. Market may stop falling where ever it wants to.

Now the question on my mind is, should i shift the straddle to 4800 levels or keep it the way it is at 4900. 4900 call wont depreciate much now, so the value of the straddle will increase with nifty, if we decide to travel south. If we bounce back, then shifting the put to 4800 will ensure rapid decay of the premium.


Trading plan:
Position is secured, so no action in the first 10 min. Wait for the dust to settle down before acting.

NF short & 4800 call Jan : Bounce back, Covering Nifty & 4800 call, is not required unless 4859 is taken out in 15 min TF. Close the 4800 jan call, if 4859 is not taken out by the bounce. If open is flat, close 4800 call immediately.

Closing the 4900 call is a must if we do not break 4835 within first 10 min. level to close NF & 4900 call : 4859.

If the LOD is broken within the first 10 min, then exit the 4900 put. short it again on CCI hook followed by a hook on STO / floor.