General Trading Chat

[Blackhole]

Nifty Maxpain current series @8200

Nifty Maxpain Next series @8100

 

[pareshR]

Should financial year sync with calendar year? Govt to discuss


The government wants to understand how India stands to gain if the Budget cycle is altered to sync with the calendar year.

THE NARENDRA Modi government has renewed deliberations on a three-decade-old question: should India change the cycle of its financial year — from April-March to January-December?

http://indianexpress.com/article/bu...ar-budget-modi-government-niti-aayog-2880021/

( Note:this is a financial policy news,, not political )

 

[lemondew]

Yes I was observing whether there was a long yesterday around 8135-8145 15 mins before closing. With Sl at yestedays low after it came back below 8130. Around 8114. I think that was the SL.

Wats the logic breaking the resistance and closing above resistance? Is that the reason for long.

Yes, yesterday I had taken long position but in options and few stocks. Today taken long in Nifty futures also at the open.This is a swing trade.

Smart_trade

 

[lemondew]

Will add
1. Trend was not clear till yesterday evenin.
2. 8125-8130 was the resistance open of gap down (post brexit result which it didnt break friday-monday)
3. There was good build up below the resistance on monday tuesday. Finally broke on tuesday noon and closed above the resistance....

 

[niftygupshup]

Sgx niftyyyyy

 

[Blackhole]

Although Nifty and Bank nifty both are in upswing....expiry has put on the breaks...

virtually NR4 in both for 3 continuous days.

Tomorrow expiry day.

 

[vivektrader]

Bajaj Finserve is in action. It gave over 5 % in last 2 days.Nifty take some lessons from Bajaj Finserv.

Smart_trade

ST sir if one were to buy say capitalF or Bajaj finserv for medium to long term, how should one time it, I mean what sort of time frame to look for?
Or any other way?
Thanks

 

[pravi_kanth]

ST sir if one were to buy say capitalF or Bajaj finserv for medium to long term, how should one time it, I mean what sort of time frame to look for?
Or any other way?
Thanks

One more followup question, as we take profits in trading do you suggest to take profits from long term investments also? Like I bought long stocks with the intention to never sell otherwise in emergency situation. Is this plan right?

 

[newuser_RK]

One more followup question, as we take profits in trading do you suggest to take profits from long term investments also? Like I bought long stocks with the intention to never sell otherwise in emergency situation. Is this plan right?

It depends on a whole host of factors.
1. Cyclicals like metals you have to take profits regularly because they will fall once the cycle reverse
2. Stocks like consumer you can hold for very very 20/30 years they usually are compounders
3. Similarly financials would be good
For all the long term holdings you need to watch fundamenntals if they detoriate you have to get out like PSU banks.
Never get out just to book profit and similar never stay put simply you are making losses.
With respect to entry time I have observed that generally market gives you 1/2 opportunity in an year to buy the stocks cheap but u need to have your shopping list ready with money in the bag.

Sent from my AO5510 using Tapatalk

 

[Smart_trade]

ST sir if one were to buy say capitalF or Bajaj finserv for medium to long term, how should one time it, I mean what sort of time frame to look for?
Or any other way?
Thanks

Based on the fundamentals,decide on stocks you want to buy and in any dip or correction accumulate them .Daily timeframe charts could be useful.Any correction is an opportunity to buy at lower price.

ST