Nifty : Real time discussions...!

Status
Not open for further replies.

.Pride.

Well-Known Member
man..wouldn't that've been a beautiful trade, had that mistake not happened ! my respect to you for admittind/accepting mistake (which is a trait of good trader)
I hope i would be confident enough of my trading one day when i too can move away from my chair after placing an order. Right now...i can not move from my chair if i place a trade...yepp....not even to take a leak ;)...yes, you've guessed it right :) i am a rookie :)
Next time u want to play with dog play with FII on screen but carefully between 9.15-3.30and before entering watch twice is everything ok or not:thumb:
hehe...i don't daytrade...these were positional trades...so I usually just check the charts once or twice a day...

and where I live, rain is a rare visitor...didn't want to miss the opportunity :)
 

praveen taneja

Well-Known Member
hehe...i don't daytrade...these were positional trades...so I usually just check the charts once or twice a day...

and where I live, rain is a rare visitor...didn't want to miss the opportunity :)
Are you urself a day trader or compulsive trader I mean most of day trader when lose a lot bcome positional trader:rofl::rofl:
 
Took three trades today: long at 5287 exited at 5313. Shorted at 5327 on seeing supply coming in at the HOD, added at 5312 and exited at 5302. Saw volumes support coming in at 5302 and went long in 5300CE at 50.25 and exited at 55.25.

Main thing were not the correct trades but had not seen how the US mkts had reacted overnight, did not see how Asia was performing and did not even check SGX in the morining!! It was just me and the charts on the screen. In harmony with the markets.
 
I Beg apology from the senior members but novices will reamin ovices and good traders will remain good traders. It is very easy to analyse already formed graph.
My simple advice to novices is is not to get impressed by charts or indicators.
 

linkon7

Well-Known Member
Its getting crazy now. I thought we finally managed a close above the 5300 mark with decent volumes. took home a bull spread and baam...!Dow is falling off a cliff now. Tomorrow we start the range all over again. And i have to start damage control...! sometimes its irritating to carry positions over night. SGX is trading at 5287 now...! looks like we will break 5200 this series...!

FII bot 161 cr on index. That's pathetic. They were covering shorts in the last 3 sessions and looks like their inventory of NF shorts is finally light. It also kind of explains why NF went into discount above the 5320 mark. On cash segment they remains on the buy side. Nothing aggressive, just about 229 cr.

We had a P shape profile today, which signifies short covering. As a rule, when shorts get out of the system, we need fresh buying to overcome the combo of fresh shorting and long profit booking. This makes the market very weak and susceptible to deep correction.

The advance decline ratio was not a happy sight with ITC, HUL and other defensive used to pull the market up. It fell asleep above the 5300 mark in the last hour of trading.

So far, its promising to be another yaaawn kind of day tomorrow....!
 
We Indians lack professional skills in the market so we always quote how much FII bought and sold.If we breed professioanl tradewrs in India we can eat all their money.
 
It is very crazy for about 5 months or so range bound this type of move always kills the short term traders 5242 going to be the level for immediate down side to watch out for i am short to day with stop at 5350. I think we have to learn to trade at some small range the meaning full break down will come when Nifty breaks 5180 till that we have have to deal with very pain full range bound move positional trading surely would have given some good profit.
 
Last edited:

linkon7

Well-Known Member
We Indians lack professional skills in the market so we always quote how much FII bought and sold.If we breed professioanl tradewrs in India we can eat all their money.
Wake up....!
FII control 35% of all positions in the derivative segment. Professionals track any one who has such a big hold over the market.

They are the sharks... and are at the top of the food chain.

How do u eat their money by breeding professionals...? :rofl::lol:
 
Status
Not open for further replies.

Similar threads