The Nifty Trading Lounge

[Taurus1]

All in at 7770 S.

Got a call in the afternoon from a friend to short Sbi, so I bought puts from another account.

In the morning, I dumped the SBI puts. They had no chance.
I should have dumped the Nifty puts at 7800, waited unnecessarily and got out at 7820. :annoyed:
Got back in with a few calls at 7850 and holding.

The next low is on Aug 19th,+/-1

The trend is too strong to reverse now and another inversion took place yesterday.

The next high is on Aug 22nd, +/-1. I'm not expecting a reversal but the market will go flat till settlement.

 

[Taurus1]

Got back in with a few calls at 7850 and holding.

Sold at the open.

No position, account update later.

Who says big money isn't dunb ?

Did top defaulter divert Rs 6,500 crore loan funds abroad?
http://timesofindia.indiatimes.com/...e-loan-funds-abroad/articleshow/40461330.cms?

Winsome promoter Jatin Mehta told the banks that his buyers of gold in UAE had defaulted on payments, making him unable to repay the loans. According to Mehta, the buyers suffered losses of $1 billion in derivatives and commodities trading.

 

[Taurus1]

No position, account update later.

Loss on I day puts was almost 50% or 17.4k
Profit on calls 6.3k, have to check what the actual loss on the Sbi calls were, but I got out fast so it can't be more than 3k
Account at 20.5k. :annoyed:
I was very sure of a 300 point downmove on the 16th and that kept me from getting out at 7800.

Buuulllllsssss escaped this time, let them enjoy untill October.

The next high is on Aug 22nd, +/-1. I'm not expecting a reversal but the market will go flat till settlement.

The high came on on the +1 and the downmove will continue till the next low on Sept 1st, +/-1

I've added 5k to my account to get it to 25k again. Next trade in September only.

 

[Taurus1]

Posted on 19th July

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

Russian troops, tanks pour into Ukraine

http://timesofindia.indiatimes.com/...ks-pour-into-Ukraine/articleshow/41146744.cms

1,000 Russian troops have poured into Ukraine with sophisticated equipment, leaving no doubt that the Russian military had invaded southeastern Ukraine.

 

[Taurus1]

I've added 5k to my account to get it to 25k again. Next trade in September only.

Yesterday I bought 25k of Nifty calls on the gap.

Also added another 25k and bought Sbi calls.

There is a small downmove near the end of the month.

The big downmove starts from Oct 17th, +/-2.

Putting this here for reference later.

 

[timepass]

There is a small downmove near the end of the month.

personally, I feel that the downmove will come a bit earlier, after 10th Sep, after the full moon when the "shraddh" period starts as per the Hindu calendar.

 

[Taurus1]

personally, I feel that the downmove will come a bit earlier, after 10th Sep, after the full moon when the "shraddh" period starts as per the Hindu calendar.

The way the market is going, I would not short it with your money.

The high should come on the 23rd and I will exit my positions.

Next trade after that is on Oct 16th.......

 

[Taurus1]

Yesterday I bought 25k of Nifty calls on the gap.

Calls sold for 53k and new Nifty call position taken.

The 4th and 5th are big days, I'm hoping fot at least 200 pts.

The 8th to 14th is sideways to slightly up. and the 16th to 22nd is the topping move, possibly another 200 pts.

From Saturday, I'm in Hyderabad, back next Thursday. Does anyone know where the good biryani joints are?

The place on the first floor on Nampally station rd shut down and Paradise and Garden are not what they used to be.

There was a good one in old city, forgotten the name. Any suggestions?

 

[Taurus1]

Calls sold for 53k and new Nifty call position taken.

Stopped out of Sbi and Nifty calls. Profit on Nifty calls minus loss on Sbi calls= -3000 :annoyed:
Same old story, go up x%, then retrace half of it, or just go sideways. :rofl:
Next trade on the 16th

 

[LivetoTrade]

Calls sold for 53k and new Nifty call position taken.

From Saturday, I'm in Hyderabad, back next Thursday. Does anyone know where the good biryani joints are?

The place on the first floor on Nampally station rd shut down and Paradise and Garden are not what they used to be.

There was a good one in old city, forgotten the name. Any suggestions?

Referring to Shadab are you?