General Trading Chat

[niftytraps]

I doubt whether 8100 will come....next 1-2 days we may get 40-50 points correction max....one such correction has come today....deeper corrections are little away in my view.

ST

ST da,

What criteria you use for profit taking in trend move without break of any minor swing low in uptrend and look for adding back the sold qty and taking adds. Any fib ratios or percentage of nf values or Bollinger band touch. or some distance from moving averages, or some rejection candles in hrly?

Please throw some light when u find time.


Thanks and Regards

Niftytraps.

 

[Smart_trade]

ST da,

What criteria you use for profit taking in trend move without break of any minor swing low in uptrend and look for adding back the sold qty and taking adds. Any fib ratios or percentage of nf values or Bollinger band touch. or some distance from moving averages, or some rejection candles in hrly?

Please throw some light when u find time.


Thanks and Regards

Niftytraps.

8200-8250 was known to be a resistance area...plus Sequential/Combo on 5 Hrs chart pointing to a small correction. Moneyflow indicator was showing likely top in short term above 8215..

But these are all short term ,just sell the long positions and buy it 35-40 points below. Not expecting deeper corrections so soon....first correction will be aggressively bought. Expecting uptrend to resume in the afternoon session.

These are my views, but market can do something else as it has no obligation to go as per our views.

ST

 

[vikas2131]

US market is closed today...

 

[ap*]

Manish Bhai , on any trade ? The Iv for puts is so high. Can almost be used a contrarian as of now :lol: , I exited my longs and I'm short nifty as of now and in about 10 points profit. With a tsl close by.

 

[manish9300]

Hardly any momentum in the afternoon session.No trade so far today.

 

[manish9300]

Manish Bhai , on any trade ? The Iv for puts is so high. Can almost be used a contrarian as of now :lol: , I exited my longs and I'm short nifty as of now and in about 10 points profit. With a tsl close by.

Days like today are not favourable to option buyers.i am ready to go long or short but need momemtum first so that i can achieve BE easily.Still waiting and watching.

 

[manish9300]

Whats do you think of high OI at 7000 Put again in this series ap*?The level is well out of reach of monthly range.Even when market was in total panic in jan and feb and mar ......monthly range was still below 800 points.

 

[Smart_trade]

Very low activity in this thread.Half the people must be busy in making money by trading and remaining half busy in counting the money made

ST

 

[sathis810]

Any one have saint.zip file which "teach a man to fish" thread?

 

[ap*]

Whats do you think of high OI at 7000 Put again in this series ap*?The level is well out of reach of monthly range.Even when market was in total panic in jan and feb and mar ......monthly range was still below 800 points.

Seems like its being written to me.Hope no ones buying it.We saw something similar last month before the expiry started as well.