Nifty : Real time discussions...!

[casonite]

No post in 30-35 min ?? all sold their longs ?? or still nursing the shorts ?? What does this silence indicate ??

Smart_trade

thinking...wt the hell just happened? sensex up 500 points for what?? i am actually short biased ..so its very tough for me to catch such rising markets...i think i need to study more of price volume movement

and yes...special thanks to linkon7 for stopping me from shorting at around 5330 range.i would have lost a few and closed the week on a sour note.

 

[Smart_trade]

Sab sum sum hai sir....market to bilkul girgit hai!

Are bhai aaj to market bahot acchhi hai.....big move today unlike boring last few days....aaj girgit ke jaisa rang badla nahi hai....

Smart_trade

 

[kevin_shah]

Hi Linkon
Just a question pooped out for today?
What u call this meteoric rise of 150 points NIFTY today....?
A Bullish reversal or just a Short Covering...?
What does ur experience say?

 

[krish4166]

Oh what a day for day traders

 

[Smart_trade]

thinking...wt the hell just happened? sensex up 500 points for what?? i am actually short biased ..so its very tough for me to catch such rising markets...i think i need to study more of price volume movement

Dont think "why" of the move ...dont have any bias....catch the move and keep yr stops......as traders that is our " karma". We have no control on why the move is coming ...and we will never know the reason too....

Never mind...such moves keep coming in the market regularly....catch the next big move...

Smart_trade

 

[sumosanammain]

No post in 30-35 min ?? all sold their longs ?? or still nursing the shorts ?? What does this silence indicate ??

Smart_trade

Not all traders are flow traders. Thats also what it means. Most traders jump at 10 to 15 points profits. Flow traders add over there. But the flow traders give up a lot of money in sideways markets. Its give and take. 2 different genres of traders.

 

[linkon7]

carry over trade for the expiry

Shorted 5500 straddle july ( call and put combo) for 122+104 = 226

reason : such rise normally takes a few days to digest the move...! should give me 10-15 points by expiry.

 

[Smart_trade]

Not all traders are flow traders. Thats also what it means. Most traders jump at 10 to 15 points profits. Flow traders add over there. But the flow traders give up a lot of money in sideways markets. Its give and take. 2 different genres of traders.

Very true....flow traders dont take small profits and they add aggressively in the trend....but they miss small profit moves.....that is a trade off....different mindset .....

ST

 

[linkon7]

Not all traders are flow traders. Thats also what it means. Most traders jump at 10 to 15 points profits. Flow traders add over there. But the flow traders give up a lot of money in sideways markets. Its give and take. 2 different genres of traders.

dont underestimate the power of flow...!

they make the most of such days. By far one of the best methods ever. They normally sit idle when market is sideways. SOH ( Sit On Hand) they call it. And when it trend, they mint money....! And they mint a lot of money...!

when sideways they give back with 1 lot, when in trend they make up with huge number of adds....! The money management is simply excellent...!

 

[linkon7]

Hi Linkon
Just a question pooped out for today?
What u call this meteoric rise of 150 points NIFTY today....?
A Bullish reversal or just a Short Covering...?
What does ur experience say?

This is classic result of too much negativity. Every one was looking for 5100-4800 as possible target and when all such people exit, they cause moves like this. It is also aided by people who kept waiting for 5100-4800 to deploy their money. Once they figure out that price wont come to their intended buy zone, they start chasing as well. We have a scenario where bulls are buying, and bears exiting and very little profit booking from the longs. Once the euphoria dies out, only then re assessment of scenario will come into the picture.

Many will look at recent low at 5182 as a double bottom and now dream of 5700 to 6000.

Actual picture will be revealed once the DII / FII cash purchase figure comes out at EOD.

Personally, i had a big positions that i was more than happy to exit in the morning. I could have made some good money today, but friday is a day when i have always messed up in the past and spoil my whole week end. When market is being nice to me, i'll take what i targeted and call it a day.