The Starving Trader!

[thestarvingtrader]

Hmmm, apparently one has to sign up with imageshack or something to post images on here?? Screw that! Let's see if this link works.

http://img231.imageshack.us/i/niftyweekly040311fiband.png/

The Starving Trader

 

[thestarvingtrader]

FII's move the market. they are least bothered by what the Indian cricket team does. please don't tell me that retail has become powerful enough to move market for the last 8 sessions !?

it seems 'the starving trader' fell for the media frenzy and related it to his field too....

end of the day....bhav bhagwan chee....and price will tell where it goes if you just listen to it than marry it off to cricket/football or wrestling....

sorry, since i don't have my own blog...i find my 'bloggin' keeda release here...he he he....

cheers mate.

Ah! Just noticed you posted in both places. Retail will have the ability to push up prices in the absence of sellers in the market at lower prices (resulting in rapidly increasing bids). If FIIs are buying up massive amounts then they are buying this from someone... does that mean that retail investors are selling in bulk to FIIs? Last time we checked, retail investors were looking for "bargain buys".

In summation, to say that FIIs alone are responsible for market moves might be partially true but also partially misleading. Increasing NIFTY volume over the past 8 days does suggest that some institutions did get involved, however, the fact is that price gapped up because of a lack of sellers at that level. Where are the BIG FIIs waiting to sell, if not at 5700... at 6100s.

Meanwhile, it is not unsubstantiated to hear of domestic events creating euphoria that traders and retail investors bring to the markets. That's what the Diwali rally is all about; winning the WC after 28 years is even bigger. Nevertheless, friend, I appreciate the debate

The Starving Trader believes in technical analysis that approaches the "strong form" theory (more here: http://en.wikipedia.org/wiki/Efficient-market_hypothesis).

 

[linkon7]

Its a matter of liquidity chasing price. And when fundamentals havn't changed that much, the mad rush should be used to shuffle the portfolio and get rid of the weak hands...!

Price remains unpredictable as ever and current trend is not showing weakness. anyone trying to build shorts is getting a wedgie... and butt cracks hurts like hell...

myself decided to be brave and bot 5900 put and sold 5700 put (x2 qty)... effective max loss potential is 14 points..... so price bhagwan ke charan mein mera 14 points...

gaya to gaya....

 

[thestarvingtrader]

Its a matter of liquidity chasing price. And when fundamentals havn't changed that much, the mad rush should be used to shuffle the portfolio and get rid of the weak hands...!

Price remains unpredictable as ever and current trend is not showing weakness. anyone trying to build shorts is getting a wedgie... and butt cracks hurts like hell...

myself decided to be brave and bot 5900 put and sold 5700 put (x2 qty)... effective max loss potential is 14 points..... so price bhagwan ke charan mein mera 14 points...

gaya to gaya....

LOL! Funny guy. Well, at this rate the NIFTY will be at 6100s in no time. This is genuine Weekly resistance area and it would be very, very uncanny if it "blows" past this area. Your puts should be in good shape. When do they expire?

The Starving Trader

 

[MurAtt]

oh Mine has already expired

Bot an April 5500 n March when NS was at 5520 levels ...
BUT I don't mind it a bit with the offset in my portfolio

 

[linkon7]

LOL! Funny guy. Well, at this rate the NIFTY will be at 6100s in no time. This is genuine Weekly resistance area and it would be very, very uncanny if it "blows" past this area. Your puts should be in good shape. When do they expire?

The Starving Trader

My 5900 put will expire if we take out 6040...
50% of 5700 put will expire if we close below 5911 tomorrow... making it a 1 : 1 ratio...

btw, both are in current month's series...

 

[jagankris]

My 5900 put will expire if we take out 6040...
50% of 5700 put will expire if we close below 5911 tomorrow... making it a 1 : 1 ratio...

btw, both are in current month's series...

:annoyed:.
Nifty down down - Bank Nifty - Down Down
Oops after hearing the election campaign in Tamilnadu I became one of the campaigners .
I mean request Nifty to come down to 5680 or at least 5780.

 

[comm4300]

:annoyed:.
Nifty down down - Bank Nifty - Down Down
Oops after hearing the election campaign in Tamilnadu I became one of the campaigners .
I mean request Nifty to come down to 5680 or at least 5780.

tamilnadu elections....hmmm pat nifty down like Vijaykanth....

 

[augubhai]

NIFTY and World Cup Cricket!
Do you think that India's World Cup form is affecting this stock market rally? Given that it hasn't even hinted at slowing at major weekly resistance. Or is this a genuine bull run?

Personally, there are mixed signals and The Starving Trader would like to think that this is indeed the case, mainly because 5876 still hasn't been convincingly broken.
But then again, the 89 day SMA has been convincingly broken! So, again... what do you think.

Keen to find out. You may also vote on The Starving Trader's site Just realized a poll can be started on here. Lets do just that... standby...

Is the Starving Trader still thinking of the breed of the bull, instead of taking the bull by the horns? The bull has already run so much, and no one expects "experts" know how much further it will run. Just get on the bull, and if it stops moving jump off.

Starving Traders should be in interested mostly in eating, not counting. Aam khane se matlab hai ki gutli ginne se?

Augubhai is not an "expert" to give advice to anyone. Augubhai hopes that no offence is taken at him pretending to be an "expert". Augubhai has an erratic trend following method. He had halved his position size becos of all the whipsaws before this bull, but has been lucky to ride this bull with half position. Still on it.

 

[thestarvingtrader]

Is the Starving Trader still thinking of the breed of the bull, instead of taking the bull by the horns? The bull has already run so much, and no one expects "experts" know how much further it will run. Just get on the bull, and if it stops moving jump off.

Starving Traders should be in interested mostly in eating, not counting. Aam khane se matlab hai ki gutli ginne se?

Augubhai is not an "expert" to give advice to anyone. Augubhai hopes that no offence is taken at him pretending to be an "expert". Augubhai has an erratic trend following method. He had halved his position size becos of all the whipsaws before this bull, but has been lucky to ride this bull with half position. Still on it.

The Starving Trader agrees with Augubhai Talking about the breed of the bull is one thing, getting on it as another. The Starving Trader does both - he's been trading up intra-day
TST does, however, have quite a bit of technical knowledge so does indulge in some healthy discussions...no harm in that aye?