General Trading Chat

[Smart_trade]

Bajaj Finserv > 4 % up....roj kuchh na kuchh chal jata hain...

Smart_trade

 

[ap*]

Bajaj Finserv > 4 % up....roj kuchh na kuchh chal jata hain...

Smart_trade

ST Sir what are your views on Nifty at the moment ? Do you feel we have distribution going on at these levels ? Are we due a correction as such anytime soon. Asking from the perspective of waiting to add to long term holding ( Nifty constituents).

 

[manish9300]

Was watching a documentary on Jim Simmons- the mathematician who cracked wall street. Very interesting please check it out. He has a system that sounds similar to yours.

Lol.He has already said there is no 'system'.He is predicting bullish levels in a strongly bullish market.Dont you think he is going to be right more often than wrong?He has already said its all based on experience and there is no particular method that he can share.So guys stop bothering him or pulling his legs and let him do his thing and have fun.

 

[Smart_trade]

ST Sir what are your views on Nifty at the moment ? Do you feel we have distribution going on at these levels ? Are we due a correction as such anytime soon. Asking from the perspective of waiting to add to long term holding ( Nifty constituents).

I am extremely bullish on the markets...no body can predict day to day corrections in the market...so corrections of 200-300 nifty points may come anytime but not expecting deeper corrections...so on a correction like the one we has recently, one must buy.

Smart_trade

 

[ap*]

Lol.He has already said there is no 'system'.He is predicting bullish levels in a strongly bullish market.Dont you think he is going to be right more often than wrong?He has already said its all based on experience and there is no particular method that he can share.So guys stop bothering him or pulling his legs and let him do his thing and have fun.

Honestly wasn't pulling his leg at all. In the documentary they spoke about how stocks were picked around certain number. Since it was something to do with a number based system i thought it might interest TNB.

 

[Subhadip]

Few reasons...

1) Few years back when I was building my capital,I used to think that if I have X amount to trade, I will do very well.....but slowly over the years my capital increased to many multiple of x lakhs...so now the capital is no issue.

2) I am not inclined to do the marketing,systems ,administration efforts needed for running a PMS. Also I dont want to answer investors who get scared with 2-3 days of market coming down in correction...I do research and stock pickings for my portfolio which is of a reasonable size.

3) I dont want to tie myself with SEBI,its regulations,reporting etc I dont have organisation for all these.

4) I still recommend stocks to few close friends and family members who are doctors,industrialist etc...and they buy from their broker....nothing is charged to them..all done in friendship....they are busy professionals and high earners so they dont breathe down my neck.As this is done free, I command huge respect from these people.

Smart_trade

Best Part is they will not ask if 2 to 3 % down....

Respect Sir...

 

[varunkochhar]

Lol.He has already said there is no 'system'.He is predicting bullish levels in a strongly bullish market.Dont you think he is going to be right more often than wrong?He has already said its all based on experience and there is no particular method that he can share.So guys stop bothering him or pulling his legs and let him do his thing and have fun.

AP ji go with OBV you will come to know when the retracement ends and uptrend begins or if at all the retracement becomes a reversal. Volumes donot lie and it cannot be created from thin air. It takes real money to be reflected. Just posting a chart of Bajaj Finance (Yes you may call it hindsight but nevertheless it is a beautiful chart. Whenever the OBV has come above the green line from below (The lines provided by Happy Ji ), it has given an opportunity to add.

The 2 green lines are the 15period highs and lows of OBV. And the turquoise line in Price pane is the 36EMA.

 

[varunkochhar]

Sorry wrong quote got highlighted. This reply was for AP ji's querry to St ji.

 

[varunkochhar]

Do you see any weakness in this Nifty charts. It has not even touched 36EMA once after BO

 

[varunkochhar]

Similarly Bank Nifty. I have made channel using EMA2 high and EMA2 low (in bold Green and Red) which further helps me to fine tune my entries. It is clearly a buy on dips since 18000 odd levels.