General Trading Chat

[traderniftybull]

BNF
moved in 30 points for last 90 minutes

 

[vikas2131]

I donot have ability to pinpoint all the market turns, if I had that, the fun in trading the markets will be lost...rahi baat tapasya ki,to tapasysa terminal ke saamne baith kar karni hai...Himalaya me jaakar nahi.

Ravibhai has natural advantage...terminal aur Himalaya both near him.

Smart_trade

Sab kuch pinpoint karne ka liye to Himalaya wali tapasya hi karni hogi...terminal wali se kaam nahi baane wala...wo baat alag ha ki 20 saal tapyasa ke baad wapas aane ka chances bauat kaam ha :lol:

 

[vikas2131]

Correct, almost no chance of a rate hike.

And either of the 2 remaining outcomes won't change market trend.

yup rate cut has more chances...which means we could have a rally tomorrow..

 

[princy01]

Market is in uptrend so we should always try to buy the dips as long as the trend does not change...we assume that the trend will continue till proved otherwise.That is the only way to trade.

No one can correctly pinpoint the level and time of reversal ....so no point trying to guess the reversal.

Smart_trade

Well since it was a maximum 5 day trade, I was not trying to find reversal, market may be in a range or little down side for next 3 days maybe (at that time) , and options will lose premiums due to that, and options charts are way different then only future charts because there are 2 of them instead of 1, there was a breakdown on calls which reversed soon, as it happens lots of times with me

The key is getting trend of options charts if one is options trader, and yes i do mistakes also often, not an issue, part of the process

 

[headstrong007]

Big bet on India! Morgan Stanley sees Nifty hitting mount 30000 in next 5 years.. :rofl:
Ghar Gari becho,, market pe lagao.. Just 5 years 200% return...

http://www.moneycontrol.com/news/bu...ting-mount-30000-in-next-5-years-2297739.html

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But why such news are coming too early? Is not such news r coming when market near the top.. :lol:

My calculation says, now 10300-500 zone bigger resistance for such top.... 30000 to bahut dur ki baat hai..

 

[vikas2131]

Big bet on India! Morgan Stanley sees Nifty hitting mount 30000 in next 5 years.. :rofl:

http://www.moneycontrol.com/news/bu...ting-mount-30000-in-next-5-years-2297739.html


But why such news are coming too early? Is not such news r coming when market near the top.. :lol:

My calculation says 10300-500 zone bigger resistance for such top.... 30000 to bahut dur ki baat hai..

Dnt underestimate the stupidity of central banks around the world.....

 

[rjshem]

how to trade intraday in a simple way.nicely compiled by mukesh.

 

[headstrong007]

Dnt underestimate the stupidity of central banks around the world.....

Ha, ha... humlog trader log hai...2008 Financial Collapse kaise hua tha sab pata hai...Pahele jada greed ana jorurat hai..phir extreme bull rally... phir.. ...

just...Blow The Whistle..... PE...EEE... PE...EEE :lol:

Buy and hold PE..

 

[Smart_trade]

I have seen and traded atleast 4 bull markets tops...one needs committment froth meaning people should be long in leveraged positions beyond their capacity,no fear of the market coming down,markets gallop in last few days making Nifty advance by 120-150 points every day,cats and dogs stocks going up,these signs I dont see at present.I see fear in the minds of traders than greed.

But I see some signs of correction round the corner. GST implementation issues could trigger such a correction...but no definite sign of correction having started as of now.

Smart_trade

 

[headstrong007]

General rule is when we expect a correction, market climbs the worry of walls..

so maybe Nifty can climb another 500-700 pt easily.. before any meaningful correction. as such greed is not extreme now...

my experience says..in such times new IPO start coming.. This month 5000 Cr IPO.. so... greed is increasing slowly.. but still more time b4 the top.. Bcoz market love sudden correction, when most bears converted to bull.. then it is the time...still it is not the time...yet.. :lol: IMO..