Daily Tryst with Nifty

[praveen taneja]

Dont know about u but if i was at ur place must had taken 4100 put at 66 and 4300 call at 81 so with 147 investment Tel dekhta Tel ki dhar dekhta:lol:
no tension of up or down

Good anticipation again 4100 put at24 and 4300 call at 156 combine 180+ wowowowowowo:rofl::rofl: more then 20% in a day
booking can b done here as i expect something fishy if mkt goes above 4450 todays run is mostly due to short covered n converted to long now time for reversal:rofl:

 

[ag_fx]

Sunil,

two more trades for stochs OB and U turns...i hope u noted.Both went good.

 

[praveen taneja]

yes true and as i mentioned I am Darpok 42yr old man so out of all longs at 4398 :thumb:this mnth profit tgt achieved now I will wait for some good shots that according to my TA :rofl:are fit enough or will sit aside and
Tel dekhunga tel ki dhar dekhunga:lol::rofl:
Have a nice weekend to all of you

 

[Nishikant]

You Have A Long Innings To Play

yes true and as i mentioned I am Darpok 42yr old man so out of all longs at 4398 :thumb:this mnth profit tgt achieved now I will wait for some good shots that according to my TA :rofl:are fit enough or will sit aside and
Tel dekhunga tel ki dhar dekhunga
Have a nice weekend to all of you

HARI OM PRAVEEN BHAI :thumb:


WHY ARE YOU CALLING YOUR SELF AN OLD MAN DEAR. 42 YEAR OLD MAN IS NOT THAT AGED.


YOU HAVE A LONG WAY TO GO.


ABHI AAPKO EK LAMBI INNING KHELNI HAI.


THE ONE DAY SERIES IS OVER FOR YOU.


NOW THE TEST MATCH SERIES HAS STARTED.


SO PAD ON AND PLAY IT SAFE


REGARDS,
NISHIKANT K. HADGE

 

[AW10]

Praveen Bhai.. abhee tho tum 42 saal ke jawan ho yaar..

Anyway, now when u have got the target of this month then what about giving surpise to your wife/son/daughter and take them out for 1 or 2 days break.

Thoda zindigi mein aish bhee karna chahiye.. nahi toh yeh green/red candle dekh dekh ke hum colour blind ho jayenge..

Have fun man..

 

[MINITRADER99]

I'm thinking the same thing but you can't point a finger at it because "pach din ka 600 pt ka down move hua tha". Don't forget many were waiting for a correction to jump in since May18th and as I have been mentioning the results are decent enough to support.

I think we will need to wait till big bull PTbhai becomes skeptical. Then we can think of down move. He was talking about 4400 which is already here.

Next week will start with results of RIL, Wipro and some other good companies. So for Q1 is far better and like Infosys results may be better than market estimate. L&t, Bajaj Auto gave good result and eventoday TCS beat the market expectation. FM made possitive statement on divestment in Parliament and today also Secretary Steel made the statement of divesting in PSUs of his ministry around 10. Even BSNL made statement to sell 10 percent stake. In such a scenario everyone wants to join the rally and most probably market will contnue upwards.Let us enjoy this rally.

 

[WOD]

Yup....I am still holding my CE.....But not able to make a decision whether to close my CE or not..lets see..if close is above 4350 then I would hold or else would sell my CE.....

BTW......Very much busy with my job today..an EOB task to finish and might have to work late........

Holding on to my CE.....

BTW....I have learnt that I don't have any trading plan as such and I am focussing on too much information than required for trading which is causing troubles and unnecessery cluttering my mind......

Anyways, gonna work hard this weekend to come up with a solid trading plan.....should be able to finish it by sunday afternoon and thereafter will post here for review (will try my best to follow my plan thereafter).....

Plan is gonna include exclusively following as suggested by AW....
1) tool set to identify the current trend, toolset to identify the end of trend, toolset to identify the reversal of trend (backtesting 3,5,13 sma crossover on 5 min for this and I think this is only thing I would be making my trading decisions on; also thinking about using RSI and MACD).....trades will be taken based on trend set by 13 ma crossover (hourly trend) on 5 min and entry & exits will be fine tuned by looking 3 & 5 crossover on 5 min)......

To help me prepare plan I am seeking guidence and suggestions on following:
1. This plan will be for swing trading (from 1 day to max 3 days)......so I dont think I should be bother about the daily chart or weekly chart of nifty for analysis after trading hours.....bottom line I should looking at only last 15 days or less data on 60 min time frame for deciding my strategy for next day...

The trading plan will be based on the fact that I am no genious and working with large amount of information is not possible for me......rather I work best with less knowledge(few patterns (strictly for analysing 60 min chart after trading hours), one crossover (taking actual trades on 5 min) and atmost one indicator & one oscillator (would be using both on 5 min during trading hours and on 60 min after trading hours).......

Please let me know what you think about my guidelines to shape my trading plan...that will help me long way to create a trading plan for me at the end of this weekend...

Thanks....

 

[WOD]

Also....have actually gone for icharts for intraday charts.....transfered money to their account and will have subscription started from monday......

Earlier I decided to go for investbulls; but problem with their chart is that I can not use RT chart in office because security policies in my company did not let java applet based RT chart to be diplayed on browser.......whereas, I could view java applete based chart from icharts.in with no problem.......dont know the exact reason behind why RT charts from icharts works on my office PC browser whereas investbull's dont, as they both are java applet based.....something to be thought by investbulls.....

 

[ag_fx]

Holding on to my CE.....

BTW....I have learnt that I don't have any trading plan as such and I am focussing on too much information than required for trading which is causing troubles and unnecessery cluttering my mind......

Anyways, gonna work hard this weekend to come up with a solid trading plan.....should be able to finish it by sunday afternoon and thereafter will post here for review (will try my best to follow my plan thereafter).....

Plan is gonna include exclusively following as suggested by AW....
1) tool set to identify the current trend, toolset to identify the end of trend, toolset to identify the reversal of trend (backtesting 3,5,13 sma crossover on 5 min for this and I think this is only thing I would be making my trading decisions on; also thinking about using RSI and MACD).....trades will be taken based on trend set by 13 ma crossover (hourly trend) on 5 min and entry & exits will be fine tuned by looking 3 & 5 crossover on 5 min)......

To help me prepare plan I am seeking guidence and suggestions on following:
1. This plan will be for swing trading (from 1 day to max 3 days)......so I dont think I should be bother about the daily chart or weekly chart of nifty for analysis after trading hours.....bottom line I should looking at only last 15 days or less data on 60 min time frame for deciding my strategy for next day...

The trading plan will be based on the fact that I am no genious and working with large amount of information is not possible for me......rather I work best with less knowledge(few patterns (strictly for analysing 60 min chart after trading hours), one crossover (taking actual trades on 5 min) and atmost one indicator & one oscillator (would be using both on 5 min during trading hours and on 60 min after trading hours).......

Please let me know what you think about my guidelines to shape my trading plan...that will help me long way to create a trading plan for me at the end of this weekend...

Thanks....

Looking forward to ur system WOD....i guess only once yu are able to come out with some rules, some feedback can be given on it....

All the best

 

[lazytrader]

I don't worry much about TA hardly even look at Nifty charts. I just read posts in the forum from TA gurus which will give you a good sense of where Nifty is heading