My Daily Options Trading Diary

[amitiemcal]

loss are mine dats fine but wat i am asking is any correction possible or only upsoide now

 

[AlokTewari]

Hi
Bears lost their both shirt & pant today. Just the Chaddi is left which will be taken in next few days. 5020 was done today. Next will be 5180-5200 towards new high. Then God knows maybe up maybe down but who cares. Once 4850 - 4860 survived yesterday it was only matter of time for Tsunami to strike & it did strike today with full force. All the funda of people with negative mind set went for a toss. They were hell bent on somehow convincing everyone that 4400 is coming now. Well if you got convinced then you have to find another shirt & pant for yourself.

Cheers !!!!

 

[Shravan Reddy]

Hi
Bears lost their both shirt & pant today. Just the Chaddi is left which will be taken in next few days. 5020 was done today. Next will be 5180-5200 towards new high. Then God knows maybe up maybe down but who cares. Once 4850 - 4860 survived yesterday it was only matter of time for Tsunami to strike & it did strike today with full force. All the funda of people with negative mind set went for a toss. They were hell bent on somehow convincing everyone that 4400 is coming now. Well if you got convinced then you have to find another shirt & pant for yourself.

Cheers !!!!

:lol::rofl:

 

[MurAtt]

Nifty may also fall to 3900 !!!!!

Stunned?

Very well, let me explain :

Elliot theory says : a pullback from 4550 is ideally 4925-50 levels (61.8% of total fall from 5180-4550-ish). If it breaks those levels then pullback would be 100% i.e. 5180. This pullback is not time bound generally and not bound that it should be within this expiry - then we fall again to 4550, 4404, xxxx, 3900, xxxx, 2900-ish ... and eventually retrace 100% of the rise from 2600 levels ...
(options wallas - chill ... this is not one, bi or tri-monthly stuff ... )

Fundamental : Nothing has changed fundamentally in India story so actually there was no reason to fall so drastically ... but other factors such as inflow into India (read liquidity), currency vis-a-vis dollar rates, exports, forex reserves, crude prices, chinese economy etc play a factor in determining the movement of our indices too (somewhat) and FII (majorly) .... so some small fall bcoz of recession abroad - US, EU, Japan etc should affect us somewhat ...
these other reasons may take us lower but eventually in a slower process ...

Again recovering economies may induce positive influence in our markets and Elliot may decide to go by alternate india count and if we end up at 6695 levels (my bike number) would be no surprise !!!!

Other than that .. pata nahi - me too learning

Did I write this !!!!

thats a zone not exact resistance... and a new trend is not so easy to start unless you cross 5050.. there will be good supply around 4950 levels which will keep nifty below it... lets see though

Hold it man, nifty will be @4400 by the end of this week yeh sab nautanki chal rahi hai... confuse karne ke liye...

People with mind set on negative bias kept hoping whole day for Nifty to fall but Nifty behaved very well today respecting all resistances 4830-4868-4910. Tomorrow expect small gap up atleast & then let's see how Nifty behaves. But with closing above 4860-4870 is not very heartening for those with negative mind set. DOW future & Europe are deep into green as well. We probably will see 5000 before 4800. But I prefer to follow levels rather than predict them. Missing volatility of last 2 days was pleasent surprise.

Cheers !!!!

The big players (SM) move silently ... they do not like to move with the herd nor do they want the herd to move with them

So on low volumes for 5 consecutive days the mkt is up ... they are in .. now what, how to push the mkt up? Dip the mkt and create retail short and then let them short cover by buying in .......

Viola ... breakout, huge volumes (short covering ... and SM fresh buys simultaneously ....)

What say friends ....

I am waiting for 4860 to break and see a mad run by bears.....

current position 12 lots 4700pe @ 50

all indexes turned negative... "volume is the key"

bears taking a pause but shorting continues... they are distributing around/above 4860 level to create a hope for bulls but huge positions can dump it all after 2-2.30

if you can and willing to take risk then average both of them... this week could take us back to 4750-sh levels... you can also book loss in 4600pe and average 4800 only.

I have my full sympathy will bulls but 4860 has been taken already and that is a warning signal to bulls... if they still try to play long then they will be surprised by the last hour move of bears...

distribution seems to be done... we should go deep in red now

holy cow... are they giving up? wait with initial SL or book if dont want to risk it...
initial SL was 4915 in SPOT

dont panic.. let the bulls finish their positions and they will soon join the party.

Party started .... come everyone join the party

 

[amitiemcal]

murtaza sir holding tata steel pa and i am in loss kuch correction possible hain kya ya sirf aab up up up

 

[MurAtt]

Yeh SIR wala tag achcha nahi hai -- no more SIR with my name. Please.

 

[amitiemcal]

okie answer toh de do by d way i am also from kolkata i guess u r from kolkata

 

[MurAtt]

TISCO should be up from here onwards ... you can wait for dip to get out

My views and I could be wrong ....

 

[bhavesh_gelani]

Wer we r heading 4800 by weekend or ???? Bhavesh Gelani

 

[spiritunit]

There is no signal yet for downside, yesterday it shows some signal for downside and today it returns back to go up, better before making any new positions for going short better wait for another couple of days...