C
Q) At this moment what side of the position you are taking? Long, Short or Standing Aside.
At any point of time in the market, there is always a possibility of going up or down. Inspite of the good bull run we had, didn't we go down in May. That risk is always there trading in the market. But, you have to attribute the probability to both sides of the trade (UP/DOWN).
Q) What do you think is the probability of market going up verus down?
If it is 50/50 or 60/40 or 40/60, it is better to stand out. My view is 80 UP/20 DOWN. This can change if the indexes go back to previous trading range. Really, it would take 1 day that to happen. Again, we have to weigh the probability of that happening.
OK. Lets think for a moment you theory has a value (what I mean is 70 DOWN/ 30 UP). Then
Q) Are you going to take short position now? If not, what market conditions will make you to take short position? If yes, can you suggest some scrips that I can look at?
At any point of time in the market, there is always a possibility of going up or down. Inspite of the good bull run we had, didn't we go down in May. That risk is always there trading in the market. But, you have to attribute the probability to both sides of the trade (UP/DOWN).
Q) What do you think is the probability of market going up verus down?
If it is 50/50 or 60/40 or 40/60, it is better to stand out. My view is 80 UP/20 DOWN. This can change if the indexes go back to previous trading range. Really, it would take 1 day that to happen. Again, we have to weigh the probability of that happening.
OK. Lets think for a moment you theory has a value (what I mean is 70 DOWN/ 30 UP). Then
Q) Are you going to take short position now? If not, what market conditions will make you to take short position? If yes, can you suggest some scrips that I can look at?
well I have closed my longs & have created shorts which I will increase as per circumstances... & as for scripts techinically there are none which are weak but then after the weakness is shown its usually too late to short as there is a very good chance of being caught on the wrong foot. a correction / pullback is due & I may re-examine my short positions on the intensity of the correction... this rally is coming straight from 10K & the exhaustion gap+ various scripts of top end of B.Band + the tugging of index heavies to cover the selling in other sectors is a tell-tale sign for me... four straight white candle weeks 3 white candle months & 7 updays is streching thing a bit too much especially after the recent carnage, the shorts are being sqeezed out
I have some shorts in SBI / Tata motor & am planing to add grasim & siemens
but for others you are absoloutely right market is now at 50/50 levels & time to quit longs & wait rather than buy or short for me the tilt happened on y'day's gap up & RIL's tug up, so its 70(sell) / 15 (buy) / 15 (watch)
Last edited by a moderator: