The Nifty Trading Lounge

[Taurus1]

Possible downside of 14pts more, today is either a NR or explosiive move up.....

 

[Taurus1]

A minor low is in, I bought calls yesterday at close, 8320 stop. The next high is on the 14th.

Internet still down. :annoyed:
From here sideways with a very slight down bias....... next high on the 20th, ±1

 

[Taurus1]

From here sideways with a very slight down bias....... next high on the 20th, ±1

A strong trend seems to have started...... if so, the high date mayl not hold it.

Over many months I have put in a lot of blood, sweat and tears into getting my Price time forecasts to work....... and I think I have finally cracked it.

The backtests have yielded amazing results, but in hindsight everything always works perfectly. :annoyed:

Realtime testing needed...... I will post the price forecasts but I'm not going to post the dates since a lot of stuff gets lifted from this thread to be posted elsewhere.


Nifty high of 8965, ± 10 in the pipeline.
Putting this down now for reference later.

I am upto my eye balls in calls

 

[Taurus1]

On Moday, I bought Infy calls at 21, sold at 100

I bought Hindalco futures, forecast of 126.3, ± 1.5
Tatasteel forecast of 255.65, ± 2

Minor low on the 22nd, ±1

 

[Taurus1]

I am upto my eye balls in calls

My call position moved into August......

Hindalco is getting ready to be ramped up

Looks like we are going sideways with a slight down bias till the Rbi policy.

Anyday now, the "captains" of industry should start clheering for a rate cut, so until then......

 

[Taurus1]

For the time being, the Greece saga is over

The banksters are invested in equity and need time to get out.

The sh!te hits the fan after the hard default takes place.

A new high for all markets is coming later this year.

Minor low on the 28th, ±1

 

[Taurus1]

I bought Hindalco futures, forecast of 126.3, ± 1.5
Tatasteel forecast of 255.65, ± 2

Tatasteel came to my price with help from the P-notes, and I encashed a small put position at 255.

My Hindalco futures are in trouble so I bought some puts to hedge, just in case it does not reverse today.

It looks like Greece was the diversion, the real action is in China.

Yesterday 8.48% down, and already -2.6% now.

According to Dr. Copper, China needs to correct by 60% more

How to rig a market and fail miserably

In China, there are very few institutions, something like 85% of the market is controlled by highly leveraged retailers

 

[Taurus1]

My call position moved into August......

My call postion is still in place

I had a low forecast of 8452, which I did not post, and courtesy of P-nptes went to 8326.

Accordiingly the previous forecast needs to be changed

Nifty high of 8965, ± 10 in the pipeline.

The revised figure is 8820, ± 40

 

[Taurus1]

Must read

When Authorities "Own" The Market, The System Breaks Down: Here's Why
http://www.zerohedge.com/news/2015-07-27/when-authorities-own-market-system-breaks-down-heres-why

IMF says ECB may need to extend money-printing to get euro zone moving

http://economictimes.indiatimes.com...get-euro-zone-moving/articleshow/48241016.cms


Nifty minor high on Aug 7th, ±1

 

[Taurus1]

The rate cut is still in the pipeline......

RBI may cut interest rates before next policy review: Raghuram Rajan
http://www.financialexpress.com/art...rates-before-next-policy-review-rajan/113591/
The tone of the interview suggests that he has a date in mind, so expect a stealth cut at 8AM anyday.

Until then, wait ...........