| Forum Home > Analysis, Strategy & Tips > The February Series | ||
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maxx Member Posts: 183 |
hi all, the "Print like Fed" thread was getting crowded with all the inputs, so i thought it better to start this new thread. my tgt was 4740 on the nifty. nifty made a low of 4766 last week, and going by the looks of it, its all we r going to see for a while. both on weekly and daily charts, nifty has shown a long tail, meaning strong buying emerging at levels around 4800. Though, on the weekly its not bad, but on the daily charts, RSI is at low of 31. the whole pattern is suggestive of strong support and as Pravin, put it last week, now the time is ripe for a blind long on nifty with a sl at the lows. in all probability, markets will open gap up and will go up on monday. | |
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Yk Member Posts: 353 |
So Maxx Where mkt is headed? I'm completely out of touch these days. Hope to join soon. Regards | |
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maxx Member Posts: 183 |
hi YK, long time no see, seems like everyone got busy suddenly. the forum has become completely silent !! it was a particularly bad time as the forum was becoming kind of vibrant with some more active members. as for the markets 2 will be an up day initially, but i expect selling to come back, which will again maybe close us back in red. | |
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maxx Member Posts: 183 |
ultracemco gave a breakout 2 days back nd is rising for the last 2 days. so by defenition the whole cement pack should be doing good nd can be brought 2morrow for an intraday play atleast. | |
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Yk Member Posts: 353 |
My TA has got rusty. After so many days i will be having chance to play Mkt. Have not analysed overall mkt conditions. However looking to short - UNIPHOS (on 22/02/2010 intraday) | |
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Yk Member Posts: 353 |
And as usual i earn profits! Apart from some others Cheers! | |
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Yk Member Posts: 353 |
Today(23/02/2010) i'm to - short BHARTIART,BIOCON (caution) ,CHENNPETRO All intraday
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Yk Member Posts: 353 |
BIOCON & CHENNPETRO Pays well. BHARTIART SL triggered (While having caution ) | |
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maxx Member Posts: 183 |
hi yogesh, nice to have u back. one suggestion. post ur winnings in terms of R i.e. as multiple of amount Risked. say how may Rs u made at the end of each week, nd then post what a R is like (could be in terms of % of portfolio or whatever). | |
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Yk Member Posts: 353 |
Dear Maxx Since i play mostly intraday, i never count the % gain. Rather i count points gain minus brokerage amt. For lower cost shares my stakes are higher and for higher cost shares my stakes are lower. Throw some more light on my performance postings so that i can take care of from next postings. Anyway, how are u n what are u doing these days apart from usual office? Any info abt PP,ALLO n others? | |
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maxx Member Posts: 183 |
hi dear, well nothing much apart from usual office, have started playing badminton though !! helps in keeping fit, but on the flipside, im the worst of the lot nd cant be emotionally tough enough sometimes the forum became very active around ur last appearence | |
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maxx Member Posts: 183 |
Regarding ur performance posting, ideally u shud give entry exit nd sl all at once. but i understand that exit may be not clear at time time of entry, so that can be left. as for u saying u dont measure ur % gains, well as per me u should ! but i guess ur following something like this already , as ur trading in a fixed amount size. say for example all ur trades r around 1lac size.( i dont know a bit, its just). in that case u can measure ur gains in absolute Rupee amount. the only problem with style is that it dosent accounts for increase in ur trade float size. with inflation and all u need to increase ur earnings regularly. so if after 2 yrs ur trading in 2 lac lots, then u wont be able u compare ur performance to today !! | |
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Yk Member Posts: 353 |
Well Mayank , I will take care of your suggestions. Today - Where global mkts are bleeding (6.50am- 24-02-2010) my thechnicals are suggesting to go long. Vols. are v very low n rail budget round the corner. Therefore, Volatility expected. I expect mkts. to open low and later recover a bit with some jerks. I would Sell BPCL @ cmp BRFL @ cmp or 200 looks good to go long to me. (as always intraday) | |
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Yk Member Posts: 353 |
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