Charts for the Day

The most striking difference between earlier bull rally of 2003-08 and 2009-2015...is in earlier one, almost every stock was a participant, but in current run its a case of selective run ups...

One old time investor, investing since 1995 told me, earlier he used to be buy and forget type of story, but in todays scenario, its a dangerous thing...quality stocks fall like there is no tomorrow...

With advent of more Information Technology, news spread like a panic...and most of it done by business channels...

The thing required in todays environment is, a periodic review of portfolio...even if you are a fundamental or technical it doesnt matter...but it requires a periodic decision making...
 

amitrandive

Well-Known Member
The most striking difference between earlier bull rally of 2003-08 and 2009-2015...is in earlier one, almost every stock was a participant, but in current run its a case of selective run ups...

One old time investor, investing since 1995 told me, earlier he used to be buy and forget type of story, but in todays scenario, its a dangerous thing...quality stocks fall like there is no tomorrow...

With advent of more Information Technology, news spread like a panic...and most of it done by business channels...

The thing required in todays environment is, a periodic review of portfolio...even if you are a fundamental or technical it doesnt matter...but it requires a periodic decision making...
Sir

All business channels broadcast the news after the event has happened.:D
 
Sir

All business channels broadcast the news after the event has happened.:D

Dear amit,

Yes, thats what they get paid for...but traders seems to be busy looking at it...Infact after market hours wait for US open, in midnight check what US markets doing, in morning check what asian markets are doing, before market opening see what SGX nifty is doing...this is purely childish...If our markets are close, what can you do for your position...Infact watching like this will get you biased...

When you made your system, did you check what other markets are doing??...No...then why care now, you had your system rules, abide by it...follow it religiously...

You had fascination with 20 EMA, infact let me tell you, i never hold positional nifty longs/short against 20 EMA...This is as simple as that...
 

amitrandive

Well-Known Member
Dear amit,

Yes, thats what they get paid for...but traders seems to be busy looking at it...Infact after market hours wait for US open, in midnight check what US markets doing, in morning check what asian markets are doing, before market opening see what SGX nifty is doing...this is purely childish...If our markets are close, what can you do for your position...Infact watching like this will get you biased...

When you made your system, did you check what other markets are doing??...No...then why care now, you had your system rules, abide by it...follow it religiously...

You had fascination with 20 EMA, infact let me tell you, i never hold positional nifty longs/short against 20 EMA...This is as simple as that...
Yes Sir

Absolutely right.In my rules , I never see other markets.I don't even watch the news.

I remember a time in the year 2010 or 2011 , there was an earthquake in Japan.I had a strong sell signal on Nifty.I shorted and got around 70 points and was trailing the stop loss.

Curious to know what had happened I switched on the news channel,to see the news of the earthquake flashing as breaking news, almost half an hour after I had gained 70 points.Immediately I tightened my stop loss and exited.You believe it or not , Nifty completely recovered and went above my shorting position.
 

Rish

Well-Known Member
Yes Sir

Absolutely right.In my rules , I never see other markets.I don't even watch the news.

I remember a time in the year 2010 or 2011 , there was an earthquake in Japan.I had a strong sell signal on Nifty.I shorted and got around 70 points and was trailing the stop loss.

Curious to know what had happened I switched on the news channel,to see the news of the earthquake flashing as breaking news, almost half an hour after I had gained 70 points.Immediately I tightened my stop loss and exited.You believe it or not , Nifty completely recovered and went above my shorting position.

Check Lupin Chart, exactly happened. Hit bottom and reversed (anyone played without s/l against trend...finished), on result day. Just for knowledge purpose, please check. How emotional trade fails..
 
Hi Anilji,

Please share your view on RPOWER.





Thanks
Amruta
Dear amrutaji,

Stock in downtrend on daily/weekly. Although a crucial support zone at 43.5-44 levels, below that it can see 37-38 levels too...

On intermediate term i will be positive on stock if crosses and holds 50-52 zone...

Short term strength above 47.5 closing above it well and good...