The Nifty Trading Lounge

[rahulmalik]

Seems bad time for all experts, like Apple virus issue,Volkswagen etc.

Even the news is profitable for these guys. Positions are built up before making them public :thumb:

 

[TradeJoker]

Volkswagen share is 40% Down after the scandal, world's 2nd largest car company

 

[timepass]

Volkswagen share is 40% Down after the scandal, world's 2nd largest car company

Yeah, happened 2 days ago; and has pulled down motherson sumi with it. Motherson sumi's 44% revenue comes from VW (heard on TV)

 

[Taurus1]

Your post gave me a laughing start for the day. That's good omen. Thanks.

The way it moved yesterday, you must have had a good one.

One cartoon gave levels for trading the Nifty
7500-8200
I wonder how difficult is it to give a 700 point upper and lower levels difference ??
Even a small kid could do that if you show him the chart.

Very true and typical of most of them to put out information that is completely worthless. Giving the 700 point range only shows rock bottom standards.

None of them has the slightest clue when or where the reversals are, or what the final destination is.

Next best, wait for a momentum move and then rush in to announce opinions/targets with the desperate hope that the momentum continues.

Not even one saw the reversal coming and after it started going up........ total confusion....... is it going up or down?

10 years ago. markets trended for months at a time, so no brain was needed............. times have changed drastically since then and trends are becoming shorter and shorter.

But they are still using stone age tech which was almost useless then and is totally useless now.

When the only tool you have is a hammer, every problem looks like a nail.

 

[Taurus1]

The moment of truth is near

The Indian, Hong Kong and Chinese markets have their final new high for this year on Nov 9th, ±2

The next new high for these 3 markets is in 2019

A minor low on the 29th, before the run up

The last low this year, for the Cac, Dax and Spx is on Oct 4th, ±1

 

[VaibhavPRO]

The moment of truth is near

A minor low on the 29th, before the run up

The last low this year, for the Cac, Dax and Spx is on Oct 4th, ±1

Good going Taurus :clap:

 

[Taurus1]

The comedy channels have started their own circus with the ringmaster, er, host asking multiple zero performance experts for their usually wrong opinions.

When it was 7700, most of them were targeting 7500, some gave 7200, not even one thought it was going up.

The biggest move this year was in Jan...... this is the next biggest ......... and none of them saw it coming.

The last low this year, for the Cac, Dax and Spx is on Oct 4th, ±1

US and European markets are rushing up.... the trend is way too strong to stop for turn dates, that's an indication of what is coming.

The BN is ready to explode

go long or keep out

 

[Taurus1]

Minor top on Oct 8th, ±1

Slight decline till a low on Oct 12th, ±1

Prop desks build bullish bets on Nifty with hopes to make 6-fold returns
http://economictimes.indiatimes.com...-make-6-fold-returns/articleshow/49264905.cms
This can work after the 12th, but the bakras, er, suckers, er, clients have already paid the brokerage anyway

I bought a bunch of Sksmicro calls yesterday.

....

 

[VaibhavPRO]

Thanks Taurus for bringing sks to my notice. Made a killing in it today. :clap:

 

[Taurus1]

Posted on 8th Sept

All money to be moved in today, no hedge.... stop at 7500.

The final high for October is the 14th, ±1

At the time of buying the portfolios, I bought some Nifty calls for myself......... to be encashed today or the 14th..... a green WRB is in the pipeline.

Portfolios will continue until the forecasted high date of Nov 9th.

From the 15th, I'm in Port Louis, back on the 25th or 2nd Nov.

In between there are a few tops/bottoms, all dates are ±1

Low on Oct 19th
High on Oct 26th
Low on Oct 29th...... and final entry for bbuulllssss this year