The Nifty Trading Lounge

[Taurus1]

...... target from a friend is 7490, +/-5 on July 10th, +/-1

My calculation last night has the low at a 7pt difference.

Low at 7497 S, +/-10.......

Get in at 7500 with a 15pt stop

 

[Taurus1]

This was in the papers a week before the budget..............
Post Budget, Markets May Fall 8-10%: IL&FS
http://profit.ndtv.com/budget/post-budget-markets-may-fall-8-10-il-fs-570125

3 days before......
Market to move towards 8100 around Budget 2014: Vineet Bhatnagar, PhillipCapital
http://economictimes.indiatimes.com...nagar-phillipcapital/articleshow/37945319.cms
No comments necessary.......... everything is in front of you to understand .... when you take the time to look


After the election, the experts were calling a "multi year bull market" and "mother of all bull markets", so where is it ????

One of life's biggest lessons, learn to recognize who is really what.....the answers will shock you, but you had to find out sometime.

Get in at 7500 with a 15pt stop

On Thursday, I got in at 7500, got stopped out,...and got in again and out after the fall started, but with 80% profit.

On Friday, stopped out of 2 longs, 15 pts each.

Started the month with 25k, account now at 80k.

A minor low is in, no calculation needed. My RM will get me in on the Monday bounce at 7490, on a 15pt stop, with 80k of calls.

 

[Taurus1]

This was to be posted this morning, somehow missed it. Yearly top on 15/7

Point to remember, in 2014, all Bradley tops have got inverted.

 

[saivenkat]

Hi Taurus

You mean to say... this correction in market could go up to the month of November.. OMG..

The chart you have shown.. shows that the lows (5980 ) of JAN-2014 ARE CLEARLY BREACHED.. Do you.. mean does this correction is so scary enough to take nifty to 5400 levels..

( Is this not the right time to buy on dips..)

 

[Taurus1]

SV, this is a pic of Bradley, there is no Nifty superimposed. Like anything else, it may or may not work so use your own discretion. You seem to have missed my main comment.

Point to remember, in 2014, all Bradley tops have got inverted.

 

[Taurus1]

A minor low is in, no calculation needed. My RM will get me in on the Monday bounce at 7490, on a 15pt stop, with 80k of calls.

Entered on the morning gap, got stopped out with 30pts lost; and didn't take the next entry....:annoyed:
Anyway it is back in the range as usual.

Call and put buyers

 

[Taurus1]

Entered on the morning gap, got stopped out with 30pts lost;

7k down the drain........

and didn't take the next entry....:annoyed:

Had I taken the trade, my 700% target for July was completed yesterday.

The next high is on the 22nd, +/-1.

From Sunday, I'm in Kowloon till Wed, or Tues after next.

Global buulllssss are in their last phase

Flight MH17: Obama condemns Russia after airliner downed in Ukraine
http://www.torontosun.com/2014/07/1...airliner-shot-down-over-ukraine-with-298-dead
Obama Levels The Most Punishing Sanctions Yet Against Russia
http://www.businessinsider.in/Obama...s-Yet-Against-Russia/articleshow/38506672.cms

Are You Ready For Nuclear War? — Paul Craig Roberts
http://www.paulcraigroberts.org/2014/06/03/ready-nuclear-war-paul-craig-roberts/

Insider Trading and Financial Terrorism on Comex
http://www.paulcraigroberts.org/2014/07/16/insider-trading-financial-terrorism-comex/

A Russian invasion of the Ukraine will happen; it is not a question of if, but when.

I'm holding October GLD calls in the US, hedged.... my usual set and forget trade,..... total risk is only 18$, expected return 1000$ .....

 

[Taurus1]

I'm back.....

The nifty has taken it's own sweet time to top, from here till settlement it will be sideways to -100 down.

I bought Sbi calls, can go to 2620

Need to sleep, back later.

 

[Taurus1]

http://tinyurl.com/lcvw334
http://tinyurl.com/nmtpy6x

96% wins on longs

98% wins on shorts

 

[Taurus1]

I bought Sbi calls, can go to 2620

Stopped out on Friday, 3k loss.

80k down to 70k in 2 trades, so instructed my RM to keep 25k in the trading account and withdraw the rest to my bank.

About 160% profit for July, nowhere near what I aimed for.

No more trades till August unless there is something very compelling.

So wots gonna happen? If in doubt, consult the experts

Markets likely to slip 10-15% in near term; trade cautiously, say analysts
http://economictimes.indiatimes.com...tiously-say-analysts/articleshow/38991040.cms

Sensex, Nifty may hit fresh life-time highs in next 8 sessions; geo-political concerns not a worry
http://economictimes.indiatimes.com...concerns-not-a-worry/articleshow/38796163.cms

A clear pointer for a sideways market till settlement.