The Nifty Trading Lounge

[Taurus1]

Came home early to change...... have to attend a function by 4.

The US has gone to war to protect their oil interests, they will not hesitate for 1 second to initiate multiple air strikes and drone attacks on the militants. Overnight positions need to be exteremely careful...... chances of a huge gap overnight are very high.

 

[Taurus1]

Iraq forces regain control of main refinery: officials
http://www.business-standard.com/ar...f-main-refinery-officials-114061900950_1.html

Oil prices up 0.45%. What happens tonight is key........ gap can go any side.

 

[Taurus1]

Excellent news for buulllssss, the experts are calling a correction.
Sensex may correct by 2000 points on Iraq, El Nino worries; buy on dips, say experts

http://economictimes.indiatimes.com...-say-experts/articleshow/36884566.cms?curpg=2

I dumped my Infy calls at 3300, now holding Nifty calls moved to July.

The 20th was the last day of the "down" quota, and now time for "up" to start.

Unless an inversion takes place on Monday, bears are out until July 3rd.

Maybe a slightly lower low followed by a WRB like on May 9th.

My forecast of 7760 stands

 

[Taurus1]

The next high is on June 20th/23rd, at 7760, +/-15

Not working in this zero volat market.....:annoyed:

Excellent news for buulllssss, the experts are calling a correction.
Sensex may correct by 2000 points on Iraq, El Nino worries; buy on dips, say experts
http://economictimes.indiatimes.com...-say-experts/articleshow/36884566.cms?curpg=2

The experts have changed sides ......

Forget Iraq woes, Sensex can still rally another 2,000 points ahead of Budget 2014
http://economictimes.indiatimes.com...ahead-of-budget-2014/articleshow/37078272.cms

The 20th was the last day of the "down" quota, and now time for "up" to start.

Unless an inversion takes place on Monday, bears are out until July 3rd.

"Up" from here, with a short break on th 27th

 

[Taurus1]

Looks like a WRB today followed by an evening star on the 27th

As posted earlier...........

The experts have changed sides ......

Forget Iraq woes, Sensex can still rally another 2,000 points ahead of Budget 2014
http://economictimes.indiatimes.com...ahead-of-budget-2014/articleshow/37078272.cms

Today.....
FIIs are cutting bearish bets and big traders building long positions ahead of budget
http://economictimes.indiatimes.com...ions-ahead-of-budget/articleshow/37210517.cms
Big money can also be dumb
The real tragedy is that some of the channels pay the experts 10-20L pa for zero performance

Screen of Economic times taken this morning since their headlines change

Today to July 10, expect D-St fireworks; Nifty stabilising
Fireworks is right, direction is the issue

experts long + more experts long =

For those who understand, no explanation is needed, ...for those who don't, none will......

 

[Taurus1]

Posted on 22nd June, 10 days in advance

Unless an inversion takes place on Monday, bears are out until July 3rd.

Today or the 3rd is a possible entry point for bears and the end of the sideways market.

On my chart there is a turning point on the 2nd and a high on the 3rd....... could be that they are the same.

Also possible that the market gaps above the turn date and continues up.

In May, I bought 25k of puts, didn't expect a majority govt. Lost 80%.
In June, I took 25k to a 260% profit, but ended the month with 90%. Net result after 2 months is 10%. :annoyed:

I'm holding calls bought on the 30th, in small profit now.

Bare minimum for this month is 700%

 

[Taurus1]

The next high is on July 10th, +/-1 at 8020, +/-13

 

[Taurus1]

Yellen Is Flat-Out Wrong: Financial Bubbles Are Caused By The Fed, Not The Market
http://www.zerohedge.com/news/2014-...g-financial-bubbles-are-caused-fed-not-market

 

[Taurus1]

Correction needed, due to a mistake in calculation.....by 1 day

The next high is on July 10th, +/-1 at 8020, +/-13

It should be......
The next high is on July 9th, +/-1 at 8020, +/-13

If the high on 9/7 does come, whether at 8020 or not, I will dump my calls before the IV crush takes place on the 10th.

I expect a minor low on the 10th or 11th, and then back up again.

 

[Taurus1]

The next high is on July 9th, +/-1 at 8020, +/-13

High/low dates are working, but price numbers not in the same accuracy.
Yesterday, I dumped my calls in the morning..... got 150% profit but expected more.

I expect a minor low on the 10th or 11th, and then back up again.

This is now in force.

I've not done the low calculation, as it could be only 2-3 days...... target from a friend is 7490, +/-5 on July 10th, +/-1