Bulls, Bears & The Lion

[findvikas]

Selling naked 5200 put along with Nifty short should be good as well... if you can get more than 75 as premium to cover your losses till 5200

I personally prefer stop losses over hedging too because hedging is costly in India and does not add much value.

 

[saivenkat]

Selling naked 5200 put along with Nifty short should be good as well... if you can get more than 75 as premium to cover your losses till 5200

I personally prefer stop losses over hedging too because hedging is costly in India and does not add much value.

Thanks a ton again Vikas ji, for earnest response. Just out of curiosity i asked whether i can short 5200 PE, but me too prefer stop losses than hedging.

Thanks again.

 

[findvikas]

Nifty Futures should test 5095 in couple of days... may be on Monday. Today's expectation is to touch 5110-5112 once again.

 

[findvikas]

BALRAMCHIN Hit the downside target on the weekly chart and I am going to paper trade it per my Wolfe Wave swing calls...

Buy @ 93 (CMP) and stop loss is 5%, Target 130+

Balramchin should have completed its correction cycle today and can give a good return in couple of months.
No stop loss given as it’s a good stock and should outperform in coming months… hold it with a horizon of 6 months.

 

[findvikas]

Last minute advise to all BALRAMCHIN short players, atleast book profit and stay out if you do not want to BUY now

 

[findvikas]

Have a good weekend everyone... take care

 

[scplindia]

long term trend line gives support at 90 to bal chini. Break of this will result in further downside. I expect this trend line to give support to bal chini at 90 and lift the stock to 31.8% of the retracement.

 

[AlokTewari]

BALRAMCHIN Hit the downside target on the weekly chart and I am going to paper trade it per my Wolfe Wave swing calls...

Buy @ 93 (CMP) and stop loss is 5%, Target 130+

Balramchin should have completed its correction cycle today and can give a good return in couple of months.
No stop loss given as it’s a good stock and should outperform in coming months… hold it with a horizon of 6 months.

Hi Vikas

What a transformation ? From 5 minutes charts to 6 months recommendation & that too for hot potato like sugar stock. But anyways it is just a paper trade so no one is going to get hurt. By the way sugar stocks are likely to correct another 10 to 15% atleast after some dead cat bounce since been hammered for last couple of days without any recovery.

Cheers !!!

Alok Tewari

 

[findvikas]

Waves exists on everywhere from 1min to Yearly chart as well... why miss any opportunity? I do not like holding stocks.. I am not here for wealth creation but transfer of money from someone else's account to mine that is why I play with Options & FX.

My WW Swing trading thread is for my self practice. Anyways if any players gets hurt while playing cricket the coach should not be blamed.

I am not here to argue with you or anyone as that is not going to change either your view or mine. I am here to openly express my views and respect others.

 

[vinst]

Vikas,
As I guess, Alok was in fact praising the range of charts on which you show waves setup. Along with that he gave his own view also which is of different nature.
I am myself amazed at the setups which you present. Actually, I am bewildered !
regards,
vin