Nifty Futures Trading

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

chill out mahadev
har har baar, why r u saying mkt will go down... we dont wont an astrologer or a commentator who gives reasons for every weekly movement of the market... we r here to TRADE the minute/hourly/daily (sometimes weekly) movement of the market.. not for cheering / consoling the mkt movements.

A day-trader does not have any emotions with the index/stock he trades in...

We know there's a big inflation problem in our country; but being day-traders, we dont just sit & comment on it, we SHORT the market WHEN OUR PARTICULAR LEVEL BREAKS (or whatever the parameters) for the benefit of OUR OWN economy... we make a living out of day trading...

there are enough politicians in our country to "look/care(???)" abt the country's economy... and they are the people who actually "earn" by commenting on the country's economic problems...

You seem to have good qualities of an opposition leader.... Go ahead & join politics... I m sure you will not get majority votes, but atleast you will get to sit in the opposition. Then maybe u can make money by making such commentary...

If u wanna do something for us, post your live day tradings so that we know u r a trader or just a politician... (and how capable r u)...

And just to aware you, this is "traderji.com" and not "mantriji.com"...

By the way, there is a mantriji who had made money by "commenting".. his website is

http: // tinyurl . com/6nvbwb

enjoy

 

[harharmahadev]

Re: Time to Stick my Neck Out ,Nifty 7300

Where were you Maharaj when mkts were at 21k? At least a few came out & stuck out there necks but you were not among them.

And who needs your wretched predictions anyway? We made money when the mkts were moving up, we made money on the way down & we will continue to trade & make money to the best of our capacities wherever the mkt goes from here.

And i do not figure among the best There are traders here with a lot more experience & skill than i have (or ever will have) So if i'm making some money then they must be doing at least 10 times better.

And you have the audacity to call them 'clueless'?? You criticize a person who has raised a family through trading; something a sundry blog writer like you can't even dare to attempt in your dreams.

And its not that as traders we are oblivious to the global environment. We know very well where the headwinds are, where the risks emanate from - the perils & pitfalls of commodity & financial mkts. There are plenty of eminent professionals who have been enlightening us on these subjects - people with much better credentials than some Harharmahadev. We are not uneducated We have the education & acumen to understand what they say and as such we are aware of the risks; your nonobjective clichematic 'running commentary' (that too after mkts have fallen 40%) adds nothing to our awareness. If anything you & your clan serves one purpose - that of being good contrarion 'indicators'.

It seems your banal blog lacks viewership - which is why you're trying to stir up a hornet's nest here.

For cryin' out loud - it's 'contrarian' and not 'contrarion'!

Feel free to pass judgment on me without ascertaining any facts! Wouldn't expect any less!

Remember - in a bull market, every joker becomes a stock market expert. I'm here to share my investment outlook with like-minded people, not to peddle my blog (which is only 5-6 months old...btw)...but since you mentioned it, here is the link: www.desichatter.com.

Being a contrarian to a contrarian puts you back into the crowd. Speaking of cliches, let me create one for you - "Buying on dips in a highly visible, highly volatile, highly traded sector is NOT a contrarian investment strategy. It's a I-wanna-get-rich-quick-by-gambling-on-the-stock-market strategy."

 

[harharmahadev]

Re: Time to Stick my Neck Out ,Nifty 7300

chill out mahadev
har har baar, why r u saying mkt will go down... we dont wont an astrologer or a commentator who gives reasons for every weekly movement of the market... we r here to TRADE the minute/hourly/daily (sometimes weekly) movement of the market.. not for cheering / consoling the mkt movements.

A day-trader does not have any emotions with the index/stock he trades in...

We know there's a big inflation problem in our country; but being day-traders, we dont just sit & comment on it, we SHORT the market WHEN OUR PARTICULAR LEVEL BREAKS (or whatever the parameters) for the benefit of OUR OWN economy... we make a living out of day trading...

there are enough politicians in our country to "look/care(???)" abt the country's economy... and they are the people who actually "earn" by commenting on the country's economic problems...

You seem to have good qualities of an opposition leader.... Go ahead & join politics... I m sure you will not get majority votes, but atleast you will get to sit in the opposition. Then maybe u can make money by making such commentary...

If u wanna do something for us, post your live day tradings so that we know u r a trader or just a politician... (and how capable r u)...

And just to aware you, this is "traderji.com" and not "mantriji.com"...

By the way, there is a mantriji who had made money by "commenting".. his website is

http: // tinyurl . com/6nvbwb

enjoy

No Sir! I don't have any interest in politics....my interest is limited to it's impact on general economics and the stock markets. I HAVE NO PARTY AFFILIATIONS OF ANY SORT!! I talked about Chidu only because the breakdown on the central govt is going to have a material impact on the stock market...in a very big way.

However, I don't trade daily. I think it's extremely risky in this market. However, here are my recommendations

- Trade the 'USD/INR' pair - USD will def rise between INR 45-50 over the next few months.

- I am waiting for a series of US bank failures. That will cause credit spreads to widen considerably. That would be a momentous opportunity to start picking up 'junk bonds' of relatively stable companies.

 

[rajaram.dilipkumar]

Re: Time to Stick my Neck Out ,Nifty 7300

dear harhar,

Risk comes from not knowing what we are doing ... driving a car was a risk when we started but its not risky anymore as we know how to drive and the same applies to trading ....even if the nifty crashes from 4000 to 0 or heads to 10,000 noone cares as we are here to escort it to whereever it goes.At the end of the day ,we are here to make money long or short doesnt matter....
also i think you can put forward your views in the fundamental analysis as this thread is for Techincal analysts and though you are entitled to your views you have to find a better ways to express it ...

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

No Sir! I don't have any interest in politics....my interest is limited to it's impact on general economics and the stock markets. I HAVE NO PARTY AFFILIATIONS OF ANY SORT!! I talked about Chidu only because the breakdown on the central govt is going to have a material impact on the stock market...in a very big way.

However, I don't trade daily. I think it's extremely risky in this market. However, here are my recommendations

- Trade the 'USD/INR' pair - USD will def rise between INR 45-50 over the next few months.

- I am waiting for a series of US bank failures. That will cause credit spreads to widen considerably. That would be a momentous opportunity to start picking up 'junk bonds' of relatively stable companies.

[YA W N]

Ok, Mr. Economist, one benefit of all this chit-chat is that it is like a lullaby to me, and making me sleepy...


(not to discourage you, but sorry, you r in the wrong thread/forum)
BYE. Good nite

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Chill out,probably the time has come to request Traderji to rename this Thread.

 

[harharmahadev]

Re: Time to Stick my Neck Out ,Nifty 7300

[YA W N]

Ok, Mr. Economist, one benefit of all this chit-chat is that it is like a lullaby to me, and making me sleepy...


(not to discourage you, but sorry, you r in the wrong thread/forum)
BYE. Good nite

Go to sleep.

Humpty dumpty sat on a wall
humpty dumpty had a big fall
All of kings horses and all the kings men
could not put humpty together again!!

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

Today’s session was equally poised between bears and bulls, as bears dominated the morning session, while bulls ruled the afternoon session, thereby forming a Doji candle (open and close are virtually equal), which indicates indecision in the market.

Such indecision is usually followed by a directional move on either side. Yet, inspite of such indecision, the prior resistance of 4,114.5 provided a good support. As the momentum indicators on the daily charts are giving positive signals, bulls should gain an upper hand in the coming sessions.

Dow Jones has done its part by closing +0.73%, inspite of prevalent negative news.

I have noticed one thing - when technicals point to short term uptrend, then usually the news flowing around that time are not that negative or they are supportive or they negating the previous negative news. (Vice versa during downtrends). There have been many instances in the past supporting this view. At the most, after an initial knee-jerk reaction, the market returns back to its path (as per the technicals/charts).

So, if this is taken as a general norm, then Infosys results will not be that negative, or would be around expected. Atleast SPOT should not close below 4090 to keep this short term uptrend alive.

In short, good news (or not negative news) generally come up when market is in an uptrend; and vice versa...

(I am sure many of you may have experienced/felt this before)

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

Go to sleep.

Humpty dumpty sat on a wall
humpty dumpty had a big fall
All of kings horses and all the kings men
could not put humpty together again!!

is this one of your "shayaris" other members were referring to?

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

Chill out,probably the time has come to request Traderji to rename this Thread.

Asish sir, who is this "TRADERJI", besides being the super-moderator? Was he present at your kolkatta meet? If yes, may I know his name...



Also, saw your suggestion of renaming this thread to "Nifty Future Trading" or "Nifty Future Views"...
I would suggest "Nifty Intraday Trading" as:

1. "Nifty" would include both Fut + Spot

2. Intraday would specify the normal time scale of our trades

3. Trading would restrict people like "harharmahadev" (or is it hara hua dev) to post general long term views like "i see sensex at or below 10K levels by Dec). We want trading strategies/ideas for the day and not vague levels which dont even help in earning our "bread-n-butter" nifty points for THAT day.


I would also request other contributors/members of this thread to suggest the title during the weekend.

A new appropriate title would enable newcomers to this forum to immediately identify with the purpose of this thread, and to actively learn/share nifty trading ideas/strategies.