three bigwigs(pwertrade,musti,sujata) of JN are holding shorts...hey new guys watch out.....
@ Ilango sir,What inital time period (minutes) for ORB levels?Chandrabose
Thanks a lot ILANGO SIR, I will take care now onwords and will follow your system fully. it is so great that you replied me so queckly and with perfect guidence. you are doing realy a great JOB.Best wishes,Tushar
Fantastic brief to Tushar, sir !! Very helpful...Heartful thanks..regards
@mynachow is the volume today, can you update plz?
@saz thats a wise decision .... If we are not convinced by the trade ... then ... Not to do....
@ saz,NSE Rs.12,336.00 BSE Rs.4,223.00 NSE FNO Rs.87,825.00
musti - ADD Sir's too. A short term top is likely @ 6128-6150 very important note. Apartment from the mentioned reasons + soooooooo many reasons for holding shorts, sure WITH SL.One of the main reason you hv 2 beleive one thing - my BRAIN will work "good" occassionally yesterday worked well it seems.. i was holding 6000 calls just out. But holding dangerously nifty..?? Main "picture abhi bakki hai" at 2.45??
illango sir,thank you very much, i always copy your advice and store it in my system, whenever i need motivation i read that....and take decision accordingly....trading is massive psychological game, with fine tune in technicals....
Total Rs.1,04,384 CR.
sorry errr - read it as "apart from the (typo mistake.. i was talking while typing)
mynac -Oops.. looks like our index are "elephant" eating not at all enough.. eating, eatinggggggg, more eatinggggggg, like bhakasura
If my understanding is correct owing to the heavy premium today positions by any big money is being made in the futures which could be a bit dangerous for the market this is different from the previous months where deliveries were taken we will come to know only @ the end of the day whether they have invested in deliveries also or not. (again only a view point in the wake pf coming OIL INDIA IPO the market might experience a sellof to create liquidity which is normally observed to subscribe into such a mamoth IPO) so people who are short should patiently wait and be a dit away from watching the market continously JUST AN EXPRESSION OF PERSONAL VIEWPOINT(PS I am also short @6040) REPOSTING
@ Chandra,I generally take the 1st 15 minutes high/ low as ORB range.(Opening range break-out).You can be flexible by few minutes depending on supports/ pivots/TA, etc.
@ Sujatha,Still don't know how much hungry it is.Let us feed.
sirit looks every level is buying level..no resistance
@mynacthanks, is the turnover at par, last months average? or below that...@powertradelearning(patience) from you guys and illango sir's care of newcomers...
mynac - Food feeding by - FIIs.. indians are giving food very less :P "Obesity" is not good for health. Nifty needed some medicine? who will (news) give medicine is the Big "Q"
good afternoon all anybody tell, shall i take nifty short at weekly r2(6133) ???????????/
Sir will it be possible to change the JNSAR table for stocks according to new NIFTY composition?
@ saz,The new series has just started & considering current Nifty price,movement,participation it is in line.
illango sir,for trending market it works, but in sideways mostly it breaks otherway after a hour or so...am i right sir?but in sept , it worked 100%
The targetted levels are achieved Lets see who is going to win Bulls or bears .
sir,vth wave ending 165 points from 5965?? 6130?? done for the day??
Thx saz for the compliment.@ sujatha i will go fo positional nowAdd few more @ 6166NfAdd more upto 6150NsAdd BNF Short alsoLets see yt hapens.
the 6300 ce has maximum change in open intrest.can anyone plz explain wat it impliesrashmi
dear all,rallies in small caps just started few days back, hope the shorters here will have good day in coming days..
6136 - NS12500 - BN20500 - Sensex are very critical nosGOD only helps bears if this liquidity driven rally goes past these levels.
@ Sujatha,Instead of any medicine,let it come down by it's self weight,it shall be healthy.
@ Saz,Even in this sideays mode of 5933 to 6078 of 6 days,the filter would have saved yesterday's Longs as 5981-18=5963(revised JNSAR).If shorts taken @ 5981, then reverse it today @ open @ 6050-6055NF: a loss of 138 points in 2 lots.One lot long could be booked with +100 points & the loss reduced to 38 points and another lot long holding.."Application" is what lacking all around. So many questions..? But very little application of what is being learnt.
Niftysparks said... 6136 NS , the yearly number is the last hope for bearsOctober 1, 2010 10:15 AM Today high 6136
Now NF should not breach 6153,, if breaks it will be first signal of weakness.
start of 2:40 movie...
Niftysparks said... @powertradeBN i dont know how far it will go. It's better not to make any guesses. I will not touch it unless I see weakness . But BN 12500 or NS 6136 or Sensex 20500 are coming out of my analysis. But my analysis is worthless before FII's. I need to watch these levels for three EOD at least for weakness.October 1, 2010 10:58 AM
Nifty is looking stretched at this level .. May be we are done with todays high.... Scalping can be done on the short side for a gain of 20-30 points ...
Bnf if now falls below 12520 & sustain may give quick 50 points.Yt San says as per his charts?
Now I am curious to see on Monday or Tuesday that whether there shall be any profit or not by Bulls near NS 6150 (As mentioned by Dear Ilango earlier) & considering the premium NF which comes to 6180.Coincidentally for NF it shall be 3% from 6000.& probably enough cushion to protect yesterday's 6000 PE writing.
We r sit on Attom Bomb bcaz FII flow.From 5350 till 2day +800 points without 5-10% correction.In my TA view Nifty go back to 5640-5550 brekout levale after all shorts r cover at higer levale.This fall of 600-700 points take only 10-15 days.When it happen dificult to say but 5640-5550 comes again is sure as per my TA.So b careful on overnight long position bcaz in that time no rooms for BULLS same as for BEARS now...
please read Profit Booking.
Yesterday nifty closed at 6029.95 , October future closed at 6033.50, so there was only 3.5 premium. Whereas, today it is nearly 34. It clearly indicates HUGE SHORT COVERING. BULL MARKET ALWAYS TRAP SHORTERS AND RISES USING THEM. Today breakout happens to of one of the weakest stocks UNITECH & DLF. MORE LEFT..The secret behind huge inflow from FII is S&P CNX DEFTY (US $ weakness) not S&P CNX NIFTY. IT IS BUY ON DIP MARKET RATHER THAN SELL ON HIGH.Best Wishes.
@nil ...The atom bomb is surely going to explode but we dont know when ...
Couple of closes above 6136 , we will break 6357 it is a panic buying by FII's and all shorters will be butchered. The pattern we are seeing from 5225 NS.
I had heard of panic selling, but whats panic buying?
Just holding on to long postions with stirct TSL has paid rich dividends.Deriatives outstanding has crossed 2,00,000 crore the highest ever.
@suj..i m planning..where is nse building ..near ur house?
POWERTRADE BANK NIFTY ACHIVE THE UPPER TAG NOW WHAT NEXT?
Bomb will explode before Q2 results.May be in 10-15 Days
Ilango SIRbank nifty next tag?thanks
@niftyIf you had trailed your long position with strict TSL, you would have made more money than shorting, Nobody can tell market direction clearly . It is either SL or TSL which makes you richer.That is the rule I was mentioning in the morning. Now you see it is proved.
Now at 3.00 P.M. Nf Touched high of 6148 Illango sir Target of 6150 already done,now on monday If Dow suports are we going to open 6200+++?Now nxt yt?Sujatha are U carrying shorts home?As I was going now So I ask.
@ powertrade, @ rp, @ mynac,please explain in such a big rally when most the scripts are flying, why reliance, rcom, relcap etc. remained silent...why they have not participated in this rally...? Is it not strange?-arpitg345
SL, TSL, Momentum, Entry, Exit and all other features packed into one toolOne and Only JNSAR
@Vijay ...I am holding 12300 put of october expiry in BN ....and scalping in BN for 50-60 points so thay at the end my put becomes free of cost.I would sujjest to stay on sidelines in BN ..Or else if you really want to then just go short in one lot not more.
what is the maximum limit for nifty to go up as per the elliott wave theory.
@ arpitg345,I don't have an idea but who knows Probably they are kept in reserve quota for any surprise.
yes sir application is what is lacking. Rather than over analysing and hoping for retrace to 6000, If I had simply bought couple of lots of 6000CE lots in the morning I would have made good money now.Instead scalping for 5-10 points and sometimes giving back 5.
@ musti - really worried..donno not yet decided (mostly may carry) the way nifty behaves lot of reasons for shorting including the overstretched, derivates OI high + sensex almost reached 20500 which is the target after a channel break. But market is not watching anything and moving up :) today US may move up (as per their spiraldate) if so, again monday up?? may see a new high?? me eagarly waiting for sir's post.manu - why u r choosing NSE bldg?? i am in short probably i may be..or let us take the 3 judges with us or else top politicians and push up from there :D and say "Jai Hind"
Nifty is ridiculously overbought -Hrly
Let suppose from 6300+ (Jan'2008) to 2500 (March'09)forming A-wave, from 2500 to what level will form theB-wave and finally what will be the level of C-wave.Experts please guide.
@arpitg345 ....It is the case that reatil investors are now shying away from both brotheres groups ... As once in a blue moon they come on saturday sunday ... and manipulate the stocks ... So pwople are just shying away from them ..Remember RNRL in jan 2008 and now where it stands..
@suj..didnt get u?u took shrts?
Watch 6160 for NF,, if breaks then first weakness..
As per EW, the 5th has met with a min. target of 6128. 3rd wave has already bigger than 1st waqve. hence, the 5th can be a next 1.618 of 1st (165 x 1.618=267); 5963+267 = 6230 or more.
yes manu closed my long call 6K (yesterday's) in the afternoon but shorted nifty @ 6140 level :Pstruckedddddd
If this rally is B-wave then it should not surpassthe Jan'2008 high. Pl. guide.
Elephant is not comes down below 6170
@ arpitthroughout the election results , last yearambani brothers company scrips have been last to participate in any rally.ORIN OTHER WORDSa signal to exit our longs, whenever, after a rally, these sscrips starts to participate
OR in another wordsthere is no risk on the secular bull rally we are going intill these scrips are not participating
OMG sirrrrrrr, without any 50 points correction? no short term waves downside from here?? aha..aaatam -na aatam - FIIs eppadiya oreadiya?? koppu jasthiaiyutha?
@Niftysparks,I do not know what you are talking about. I was short on BNF yesterday eve. I quickly covered it @12402 once I saw 12430 printed on the screen. Who said I am short now ?I have already explained my way of investing earlier in this forum. My core portfolio is comprised of positional trades, either Long or Short. I generally keep 2-3% Stop Loss and hope to gain 10-12%.One such trade got completed today for a profit of more than 50K. I usually hold my position until my target is achieved or my Stop Loss gets hit.
No weakness yet
@ Anand,"B" Irregular can surpass the earlier peak.
Broker message : If NS stays above 6085 for 2 days, it can go to 6200+ and 6450 in coming days.Good support built at 6105, below 6085 can cause panic.
@ rochak parekh,:) Thanks.Because it is possible as you said.
@ Musti - no other option, i have to carry my shorts gap up means i have to give multiple shorts to cover my loss or else gap down means, once out will think and act.@ Prabhakar - mm. i am calling elephant politely it's not coming down, if "fell down" means it can't get up easily.. tell the elephant :)
@niftyI was talking about your longs of BN and not shorts.
nifty spot today s probable high 6168
I said in the morning never short a rising market. Ess Dee said he would short at 6171 Hope he has not shorted
First close above 6136 bulls are pretty strong.
@NiftySparksLongs of BN ? I still don't get ya. I was only Long in Stock Futures.
Ignor EW thiory in this situation...This up trand (not Bull Run) bcaz of FII Folw on expectation of good Q2 result this atom bomb blast may be after Q2 result..DII Smart they know this levale beyond valuation.. There4 they sale
@niftyThis is from your previous post. Leave it if i am understanding was wrong.
Carrying my shorts ....Good day and Good weekend to Sir and all the Warriors ....
Thank you Sir and Friends.Have a nice week end.
Still NF first weak point is at 6160..Basically what is happening, i believe,, Nifty is making 4th and 5th wave more and more, with trailing 3rd wave...latter on 1st wave will also starts trailing..from Monday have to be very much cautious..
@NiftySparks,I have a feeling that you are confusing with 2 of my positions.(i) Yesterday evening, I was Short in BNF (1 Lot only) @12373 or so.(ii) From 1041, I have been Long in Tata Motors Sep/Oct Futures.(iii) Today, once I saw 12430 printed in BNF, I waited a bit and closed my Short at 12402. (Loss of 29 points)(iv) As Tata Motors was having a fiery rise, I booked my Positional Long in Tata Motors @1145 as it met my expectations of a 10% profit.Maybe, you somehow mixed up my Tata Motor Long position with Bank Nifty Short.Anyway, the day's over. I am glad that even the sedate JSPL has trended up a lil bit.
Monthly cam level short is near by 6212 - just posting for my satisfaction (as i am strucked with shorts) FIBO R1 is 6089 below this may bring weakness???
@niftysparks..I have not shorted yet..i am waiting for my label,, which i continuously posting here..i am a option player.. always i have to read the open interest..Thanks N Regards.SD
@ RGHave a nice week end. Dont worry abt Nithyanandas and biscuit bandits. GOD bless you.
nifty said... @NiftySparksI was the one who suggested a Short Position in BNF. The entry point was lucrative if the markets reversed from 6074 top. Yes, I got stopped out. But my loss was 12373-12402 = 29 points. No big deal here. Remember yesterday I had made 300 points in BNF longs. So what if I give a little of it.Hi Nifty leave it ya if I have misunderstood your post all the best have a nice week end
@ Niftya small advice to you. In public forum dont disclose your trades and profits. Just view your opinion or postion.
@sujathaHOPE is a very dangerous word in Trading Losses have to be cut ruthlessly. As Sir says often, market gives many oppurtunities. Arth ayitha solpa nodi. Nanu edhu thappa heliyanthara, neevu ignore madi
Hai everyoneNifty futures update after closing bell: CTRL + CLICK HEREHave a nice weekend
HELLO FRIENDSPLEASE ELABORATE UR COMMENTS ON THE FOLLOWING 08 Sep 2010 15:27BSE Announcements on Time TechnoPosted by : MMB MessengerPrice when posted : [Time Techno - BSE:Rs. 53.05 NSE:Rs. 22.05 when posted]View full discussionTime Technoplast Ltd has submitted the disclosure under Regulation 8A of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSEDate of Reporting : September 08, 2010Name of the Company : Time Technoplast LtdTotal no of outstanding shares of the Company : 209,265,0001. Name of the Entity : Time Exports Pvt LtdDetails of TransactionDate of Transaction : August 26, 2010Number of Shares Revoked : 700,000Aggregate details after the transactionTotal no of shares held by the entity in the Company : 28,547,606Total No of shares pledged : 860,000% of total shares pledged to total no of shares held by the entity in the Company : 3.01%% of shares pledged to total no of outstanding shares of the Company : 0.41%2. Name of the Entity : Vishwalaxmi Trading & Finance Pvt LtdDetails of TransactionDate of Transaction : August 26, 2010Number of Shares Revoked : 700,000Aggregate details after the transactionTotal no of shares held by the entity in the Company : 39,772,667Total No of shares pledged : 10,115,000% of total shares pledged to total no of shares held by the entity in the Company : 25.43%% of shares pledged to total no of outstanding shares of the Company : 4.83%3. Name of the Entity : Time Securities Services Pvt LtdDetails of TransactionDate of Transaction : August 17, 2010Number of Shares Revoked : 500,000Aggregate details after the transactionTotal no of shares held by the entity in the Company : 42,177,098Total No of shares pledged : 10,995,000% of total shares pledged to total no of shares held by the entity in the Company : 26.07%% of shares pledged to total no of outstanding shares of the Company : 5.25%Notes : As a result of the above release of 24,00,000 shares representing 1.15% equity capital, the total pledged shares as on date stands reduced, from 2,38,70,000 shares (11.41%) to 2,19,70,000 shares of Rs.1/ each which translate into 10.50% of the total paid up capital of the company. ... --------------------------------------------------------------------------------------------I am interest to buy time technoplast for 2-3 monthsbut then, i went to the above message on MMB, does this augur significant for the company ?Does this sound similar, to as to what happened in koutons ( koutons also, the shares were pledged ).Kindly advise, somebody, who is rich in fundamentals, ( as i am weak @ fundamentals ) that whether an exposure on the above company can be taken.To me, technically, its a good ppick with 3 % risk & 30 % rewards, but, what s ur views, fundamentally , please ?regards
i heard from gnatt chart technical analyst that till October 9th or 10th, market will be generally up. Corrections to happen from 10-11th Oct onwards till 19th ? gnatt experts experts here, please throw some light. thankyou