General Trading Chat

[traderniftybull]

BNF

Holding/trading above 19133.
looking for 75/100 points in 1-2 sessions

CMP 19157

 

[Smart_trade]

ST Sir,

What's the logic in booking and re-buying? By booking the paper profits become real profits. Now if we buy again, if the prices drop, and then we close, isn't it same as closing the original shares/portfolio at the current price?

I mean, are we to understand that, we buy once the budget is over and the impact is absorbed?

Thanks

We dont know what will be the impact of budget....prices may go down or they may go up. Here we are booking LT capital gains in this financial year.

Some of the stocks like Biocon,Bajaj Finance have given 90-100 % gains in last 1 year. 15-20 % gains are in many stocks.So if they increase LT cap gains holding to 3 years or impose LT Capital gains tax either this year or next year,gains till now are free of tax...and we can pocket that gain right away.Buying again will set the clock again and we have to wait for 1year or 3years as the changes come in the budget.

But as the holding is for long term,I dont want to take a risk of speculating on prices...so will buy as soon as possible.

Smart_trade

 

[john302928]

Now I have new update on Nifty. Earlier I was expecting it to be a triangle. Now the whole pattern turns out to be a leading diagonal and followed by a pull back. Now we have to see impulsive down. and it is likely to make a new low below 7800 again.
The leading diagonal which is named as wave A is of length 1077 units. So wave C could be of any of the below
0.618%=7798 (High probability)
0.786%=7618 (High probability)
1 =7389.5 (High probability)
1.23%=7137 (low probability)
1.382%=6980 (very low probability)

In the major triangle since all time high in 2015 C leg of each of the triangle legs have retraced to 1.23%. So we cant ignore possibility of 7137. At the moment we can focus on 7389.5 as the first level and when it reaches there we can look for reversal point.Ideally we should look for reversal around each of the above mentioned Fibonacci levels. Because we never know where the reversal and momentum come in place as we are foreseeing around 1000 points correction.

If there is any change in my view or the pattern i shall post as required

Looks like previous wave B is taking wxy shape.8550 zone is 61.8% pullback area so it could head there and then show the reversal. exact zone will be revealed once we see a clear 5 wave move to the downside in 30 min or 1 hr chart around that area. Looks like Budget will crack the market and give wave for wave c and head towards the high probability zones that are mentioned in the trailing message.This is just my view.If you have different views, you may please share.

 

[Smart_trade]

did the same .. based on ur advise on 16th feb 2016 bought bajaj finance around 17000 and sold today at 3150 levels
and asian paints bought at 850 and sold today at 975..:thumb:

Great....it feels nice to book some good profits..:thumb:

Smart_trade

 

[Smart_trade]

did the same .. based on ur advise on 16th feb 2016 bought bajaj finance around 17000 and sold today at 3150 levels
and asian paints bought at 850 and sold today at 975..:thumb:

Yours becomes short term gains...tax lagega...but you can take shelter in loss booked in Bajaj Finance if you have done loss harvesting if only the shares bought plus split are sold and bonus are kept for LT cap gains.You bought and sold Bajaj Finserv.

ST

 

[tradingstudent]

We dont know what will be the impact of budget....prices may go down or they may go up. Here we are booking LT capital gains in this financial year.

Some of the stocks like Biocon,Bajaj Finance have given 90-100 % gains in last 1 year. 15-20 % gains are in many stocks.So if they increase LT cap gains holding to 3 years or impose LT Capital gains tax either this year or next year,gains till now are free of tax...and we can pocket that gain right away.Buying again will set the clock again and we have to wait for 1year or 3years as the changes come in the budget.

But as the holding is for long term,I dont want to take a risk of speculating on prices...so will buy as soon as possible.

Smart_trade

Thanks ST Sir.:thumb:

 

[traderniftybull]

BNF

Holding/trading above 19133.
looking for 75/100 points in 1-2 sessions

CMP 19157

high made so far 19266

 

[Prataap_2013]

Kotak gives good results and so far all pvt banks barring Axis have defied the demonetisation scare

 

[traderniftybull]

BNF

Holding/trading above 19222.
looking for 75/100 points in 1-2 sessions

CMP 19240

 

[traderniftybull]

NF

Holding/trading above 8500
will look for 8544/8555
(not necessary today, may be or may not be )

LTP 8505

NF did an high of 8551 so far