How to trade Commodities - Gold, Silver, Crude Oil, Natural Gas

[Kaboooooom]

You won't have to...... atleast you can do some Tax Planning..... if you presently trade thru a single a/c in your name..... then spread your Trading among the accounts in the name of your family members - your wife & mother (if they are Housewives) are the best choices.... If you are an Hindu, then you may form an HUF (Hindu Undivided Family)...... and see automatically, the Income is divided among 4 different entities instead of 1...... As you are presently consulting with a Tax Practitioner..... make good use of him.... ask questions to him...... And always file your returns in time if there are Losses to be Carried Forward......

Thanks for the great advise. I did come across a nice write up about the HUF recently (an email by ICICI, I still have to read it completely) seems like a good way to save more.

I wonder what the bigger players do, successful professional traders that earn 10 lacs, 50 lacs and above. Kinda difficult to manage many accounts. End up paying 30% perhaps ...

Anyway, for my purpose, thank you all once more for Clear information and great advise.

 

[Kaboooooom]

Thoughts?

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I was hoping Nifty first goes to at least 4400 before it goes to 5300 but it seems to be in a mood to skip the 4400 pit stop I have Short positions open. Someone please give me rationale that it may still go down ...

 

[uttamkamlesh]

Thoughts?

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I was hoping Nifty first goes to at least 4400 before it goes to 5300 but it seems to be in a mood to skip the 4400 pit stop I have Short positions open. Someone please give me rationale that it may still go down ...

I think it was some BUYNG too today so NIFTY would go higher....bullish WW still at work....

 

[uttamkamlesh]

Hi,
I feel silver selling zone is some where near 52200...

seniors comment on the same.....

Stay away from shorting just based on BRL when market is coming off a HL.

 

[uttamkamlesh]

Hi,
m new to AB
n can some tell me how i can get the full data of infy
m having full eod of infosys n infy
what i have to do if i want infosys and infy data
some what like earlier infosys n infy data together..

Is INFY different from Infosys....?

 

[coolcorner78]

@Maddy123789, there is an option to merge the scrips under Symbol Menu. Your destination scrip would be INFY and merge old data from INFOSYS

Cheers!

 

[uttamkamlesh]

Views on this chart pls??????????????

Trend is in tact...but George Soros and Jim Rogers both are talking of a correction in Gold....they are fundamentalists....so i am cautious and don't have EOD call on it...

 

[coolcorner78]

Trend is in tact...but George Soros and Jim Rogers both are talking of a correction in Gold....they are fundamentalists....so i am cautious and don't have EOD call on it...

Totally agree with this. At the end sentiments rule, which will be reflected later on the charts and might break the trend channels. Also, check the sentiments with people around, what I feel is people are in a mode how people were after Relcap hit 2800 and was available at 2000 after the few weeks/months correction.

Both, Soros and Rogers are big followers of sentiments, they understand it very well. Unless fear creeps in they will not buy/add it again. Also, today I saw Dhanlakshmi bank has launched Silver bars (I guess first time), so I dont know if its great time for buying these metals for long term. Trading is fine follow the trend.

There might be correction in the yellow metal and people would give reasons like, there were less imports during Dec 2011 in India. And others said INR got more weaker as India imported more gold in 2011 and it corrected, so there is added weakness in INR apart from deficit/fund outflows.

As another guru Marc Faber says, do not buy Gold as an investment, but buy it as an insurance with what is happening across world.

PS. Link for that silver bars news: http://www.commodityonline.com/news...r-retailing-launches-dhan-bars-45021-3-1.html

 

[coolcorner78]

Thoughts?

I was hoping Nifty first goes to at least 4400 before it goes to 5300 but it seems to be in a mood to skip the 4400 pit stop I have Short positions open. Someone please give me rationale that it may still go down ...

Even the options data (with lower VIX and decent PCR) is suggesting that NIFTY is getting attracted towards 4950-5100.

 

[tri_vis]

Congrats all the members

200 Pages complete of this great thread.

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