General Trading Chat
- Thread starter timepass
- Start date
- Tags idle thoughts trading talk only
Does anyone here think 6300 is possible? One of the experienced traders I know has been shorting Nifty since 8300 and his target was 6300.
I didn't believe him earlier, but this fall is making me to believe now
I didn't believe him earlier, but this fall is making me to believe now
This is capitulation - where no one knows how low it can go - and yes 6300 could be possible -not in few days but may be in 2 months time -
So now we are in unchartered terittory - how do traders determine at such time - what could be possible supports
Looking at global - one can expect more carnage - another 200/300 points
But how do swing traders deciede - assuming booked 1/2 profits at 7200 levels i.e. prior support - does swing trader book profit now - what would have promted sukhani to close his positions
Looking at global - one can expect more carnage - another 200/300 points
But how do swing traders deciede - assuming booked 1/2 profits at 7200 levels i.e. prior support - does swing trader book profit now - what would have promted sukhani to close his positions
I'm also trying to analze what you are doing - the real growth stocks haven't fallen much - rather been going up even in this downfall
Rest are also at such high valuation that it doesn't make sense for me to pick up anything for pickup and forget for next 5 years.
I will be waiting little more for the cherry picking
Rest are also at such high valuation that it doesn't make sense for me to pick up anything for pickup and forget for next 5 years.
I will be waiting little more for the cherry picking
I have limited idea abt investments but still at this point in time mutual fund units will be better.
picking individual stocks is difficult. specially banks and metals r highly unreliable.
another thought process says that govt. wil not let PSU banks to fail. so this might be best time to start accumulating psu banks atleast.
picking individual stocks is difficult. specially banks and metals r highly unreliable.
another thought process says that govt. wil not let PSU banks to fail. so this might be best time to start accumulating psu banks atleast.
Though I don't follow any of the analysts/brokerage houses advise, but my own analysis in the morning was telling me to be long, even SBI was trading in positive after bad results....Europe opened and both equities and crude fell...was lucky to escape less hurt as exposure wasn't full...but a missed trading day
There are three kind of retail investors -
a)Core Investors - Fall Doesn't matter to them - they are buy and hold types - typically their buy price + divedends is such that these price movements are immaterial - so they don't sell
c) Traders - Buy and hold and sell for a week/month etc - Typically investing surplus money - taking out money when it hits target - say 5%/10%
- They would have either encashed already or
- They typically don't book loss - they hold it assuming it will recover
as they have source of income and not dependent on markets for
day to day
c) MF Investors - Here too the mindset is not to sell immediately if in loss,
but in profits - then book profits - where the mental levels work - market
7000 see neeche gir gaya profit book kar lete hai
(Little to medium redemtions due to this)
And at this time of year - the ELSS investments will be more than the
redemptions from these MF investors
So impact of retail dumping is less - unless there is huge run from MF
HNI is different animal - and not considered in above scenarios
a)Core Investors - Fall Doesn't matter to them - they are buy and hold types - typically their buy price + divedends is such that these price movements are immaterial - so they don't sell
c) Traders - Buy and hold and sell for a week/month etc - Typically investing surplus money - taking out money when it hits target - say 5%/10%
- They would have either encashed already or
- They typically don't book loss - they hold it assuming it will recover
as they have source of income and not dependent on markets for
day to day
c) MF Investors - Here too the mindset is not to sell immediately if in loss,
but in profits - then book profits - where the mental levels work - market
7000 see neeche gir gaya profit book kar lete hai
(Little to medium redemtions due to this)
And at this time of year - the ELSS investments will be more than the
redemptions from these MF investors
So impact of retail dumping is less - unless there is huge run from MF
HNI is different animal - and not considered in above scenarios
Though I don't follow any of the analysts/brokerage houses advise, but my own analysis in the morning was telling me to be long, even SBI was trading in positive after bad results....Europe opened and both equities and crude fell...was lucky to escape less hurt as exposure wasn't full...but a missed trading day
On 21st Jan - I went short heavy on given the setup - but it bounced back heavily trapping my shorts
And yesterday in same options setup - I booked my profits assuming it will spring back up - and it went other way around
(both 21 Jan and yerterday OI snapshots here in same thread for comparion)
And today also I didn't go short - went long - stocks specific @ 7100- but market didn't bounce back rather tanked and tanked.
Given the europe/US carnage - looks like tomorrow is going to be real "FRY - DAY"
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