General Trading Chat

[Smart_trade]

This doesn't look like an ordinary correction. To me this is the begining of summary execution of bulls, smart trade. Finger crossed.

10 to 12 % correction never looks ordinary correction for we traders. In last bull market there were 4 corrections of 10 % and one correction of 20 % and they looked very devastating even that time.

Even if we have 7500 on Nifty, still the bull market will be intact.

Let us see how it works....but the world is going through a bit of a turmoil as Chinese market which had a massive bull market is correcting and with it other markets are bound to feel the heat as all the markets and economies are inter-related these days.

Smart_trade

 

[Dax Devil]

Let us see how it pans out, smart trade. I am all for -500 further more.

 

[Smart_trade]

http://articles.economictimes.india...2082836_1_bull-market-macquarie-lalit-nambiar

Corrections in Bull markets... ( not saying that traders should buy and average on the dips)

ST

 

[candle]

Its official Now: BIGGEST EVER

NIFTY DOWN BY 440 / SENSEX DOWN BY 1400 . AND STILL GOING DOWN !!!

 

[Dax Devil]

http://articles.economictimes.india...2082836_1_bull-market-macquarie-lalit-nambiar

Corrections in Bull markets... ( not saying that traders should buy and average on the dips)

ST

Do not cling to the experts' opinion. They themselves are shaking, trust me.You of all the people should know the force of momentum, smart trade. It is going down, period.

Oh by the way, make -500 double!

 

[Trader_PK]

Booked good profit at 7842 , Nifty baba ki jai

 

[candle]

We may be very close to the bottom but so far no firm indication. My target for Nifty in this fall is 7900 to 7700. But no indication of TD Sequential .

This fall is due to global and domestic issues both....so it will be difficult to pinpoint exact levels but on investment and mutual funds side I am buying today.Will continue buying if it goes to further down. On trade side still no buying till trend changes.

Smart_trade

Any of the mutual funds in your suggestion? Anyone from Reliance's Basket?

 

[Smart_trade]

Do not cling to the experts' opinion. They themselves are shaking, trust me.You of all the people should know the force of momentum, smart trade. It is going down, period.

Oh by the way, make -500 double!

Thanks for the advice. Never said that market wont go down further we were just discussing corrections in bull markets so gave you some facts. . You trade your views and beliefs...I trade mine ...why argue....if it falls by another 1000 points I will be a happy person ( though I will be very surprised) as I can deploy more of my funds. I appreciate your concern but dont worry I have no leveraged positions going against me.....I know that in such panic situations markets tend to undershoot or overshoot.

Smart_trade

 

[Dax Devil]

Its official Now: BIGGEST EVER

NIFTY DOWN BY 440 / SENSEX DOWN BY 1400 . AND STILL GOING DOWN !!!

I guess SEBI should start thinking to make nifty lot of 225. :rofl:

 

[Riskyman]

Do not cling to the experts' opinion. They themselves are shaking, trust me.You of all the people should know the force of momentum, smart trade. It is going down, period.

Oh by the way, make -500 double!

Its brutal today. Dow futures already down 300 points and DJIA is looking like it wants to test 15200-15400 levels Some more pain left.
Guess 7400-7600 in a few days should be on if global worries persists.
Untill then we trail out stops down with the market as you never know when a relief rally will eat into your profits. Jai ho