Nifty Futures Trading Part 2 (Positional)

[Czar]

True renu same here... I am in company, no bigger benefit... the bull markets have messed up guts of bears...

 

[renu daga]

hopes are very less sunil

renu

 

[milind]

Getting ready for Dassera...

Saw this "MOTHER OF H&S" on a website.... looks like Ravan to me

Hope that Ravan gets burnt before Dassera. Even if traders are making money in the short run, it will be disaster in medium term for everybody.

-- Milind

 

[Sunil]

True renu same here... I am in company, no bigger benefit... the bull markets have messed up guts of bears...

now, one can say that there is "36 ka aakda" between bulls & bears (3600)

LOL

 

[renu daga]

yes around 3600/3650 this si excatly 50% ret from 944 to 6227
renu

nifty has corrected 2500 points IMAGINE.... where 250 points was too much,,,now we see 250 minus / plus in one day!!

computer era,,, no,,,aliens era

 

[rajaram.dilipkumar]

Getting ready for Dassera...

Saw this "MOTHER OF H&S" on a website.... looks like Ravan to me

if this is the mother of all ....then this should be great grand mother of all(find enc.). We are in a full blown bear market which could take multiple years of consolidation to go up again .... the faster we realise this the better it is for our balance sheet. In the weeks to come atleast one wish of mine will be granted i.e. RSI may give its first green signal(in weekly) in 6 years...

 

[Sunil]

just wanted views of those who were into trading during Nov-Dec 2007 also (i wasn't)...
whichever TF i checked, it was heavily over-bought for a long time, but still continued to go up (or should i say, fly up)....
i just can't believe that nifty was actually making newer highs while global markets had started to enter bearish conditions...!!! so much that, even our asish da had to "stick his neck out" with target of 7300 http://www.traderji.com/derivatives/18953-nifty-futures-trading.html#post147763

is it right that the JAN 08 correction especially that big gap down day) was nearly expected by everyone & mostly all over here were prepared for this....
i mean, like the DT we are having NOW, not everyone has participated fully; but that JAN 08 initial fall seemed to look like a normal "correction" of the heavy over-bought conditions...

just wanted to know some experiences

 

[rajaram.dilipkumar]

just wanted views of those who were into trading during Nov-Dec 2007 also (i wasn't)...
whichever TF i checked, it was heavily over-bought for a long time, but still continued to go up (or should i say, fly up)....
i just can't believe that nifty was actually making newer highs while global markets had started to enter bearish conditions...!!! so much that, even our asish da had to "stick his neck out" with target of 7300 http://www.traderji.com/derivatives/18953-nifty-futures-trading.html#post147763

is it right that the JAN 08 correction especially that big gap down day) was nearly expected by everyone & mostly all over here were prepared for this....
i mean, like the DT we are having NOW, not everyone has participated fully; but that JAN 08 initial fall seemed to look like a normal "correction" of the heavy over-bought conditions...

just wanted to know some experiences

yes , sunil we all knew a massive fall was just round the corner and preparing for it hence did make the most of the down rally from 6300 - 5700 but most of us made heavy anticipatory buys at 5700 since there was a support tl around that level and thats where we were caught .... the next day was circuit down and most of us were caught off-guard since in a bull market even if the prices go down you are always caught in an illusion that eventually the bounce will happen. Personally i got out of all holdings which i bought the previous day but surprised to see them all back in my account the day when market opened circuit down as these were auctioned and credited back in to my account from previous week...the auction problem alone claimed a lot from my account in a single day but even then i sold them off at whatever price i got only to see them climb back the same day... Important point is those days we never used any option strategies which would have made a lot of money probably these lessons and donations have helped us since then..In short i tripled my investments in 6 months and lost half of it in 2 days.

 

[devangan123]

if this is the mother of all ....then this should be great grand mother of all(find enc.). We are in a full blown bear market which could take multiple years of consolidation to go up again .... the faster we realise this the better it is for our balance sheet. In the weeks to come atleast one wish of mine will be granted i.e. RSI may give its first green signal(in weekly) in 6 years...

RD , In my weekly charts, Nifty had given its green signal in March , April and in august , May be my charts are wrong .

Can anyone clear this situation

Devan

 

[rajaram.dilipkumar]

RD , In my weekly charts, Nifty had given its green signal in March , April and in august , May be my charts are wrong .

Can anyone clear this situation

Devan

may be mine is wrong ... will check this up with a different s/w and get back. In the mean while anyone using s/w other than i-charts pls clarify this...