trading futures on technical analysis with toocool

[toocool]

was long nifty future , calls , reliance calls

made some profits

not booked all , will decide on monday

 

[toocool]

Bank Nifty

the range breakout happened late than nifty but it doesnt matter , direction is only up
remember its a 4 year range breakout on monthly , the chances of it failing to meet the target and again coming inside the range for many months again is only 1 %

i might keep all my longs in nifty future taken @6700 and calls till 16 or maybe after that too(only future) , as i am bullish , will see , it depends on market movements

for people the range breakout due to elections and its hypes, but for me its a normal process , markets are so bigger entity that its almost GOD , it knows everything and it does everything very calculatively , you cant beat market , all exit polls leak out ,bull trap ,retail trap , fii , dii buying and selling figuires this and that bla bla bla , is irrelevant ...................the market is the only thing that is relevant

 

[XRAY27]

@toocool,
Ya... market is ultimate and all other figures are bla bla bla..nice analysis ..this series is good so far...

 

[toocool]

the "naysayers" keep watching news channels ,the mood is shifting on channels , earlier they were also the "naysayers"...........for whatever it worth , or do not worth for you , the mood in channels have changed

been saying this for forever ..............1st market will start the bull run and then only "naysayers" will change their views , the market has only till now discounted a win of NDA and Modi as PM possibility , if Modi get 270+ we will see 7300-7500 .

and whoever thinks that this rally is because of election and its results .................i have nothing more to say to them.

markets would have hit 10000 even with mayawati/Mulla Mulayam as PM , maybe with lesser speed , but certainly , patterns were always bullish and were never confusing

 

[toocool]

took its time but its ROCKING nonetheless

991 right now , stops should be tighter/trailing now

short term traders should have booked 60% on highs near 1030-1049 , rest wait for more upmove or trailing sl

 

[parmit]

sir, whts ur view on nifty till friday...
where to buy and where to sell

 

[parmit]

Bank Nifty

the range breakout happened late than nifty but it doesnt matter , direction is only up
remember its a 4 year range breakout on monthly , the chances of it failing to meet the target and again coming inside the range for many months again is only 1 %

i might keep all my longs in nifty future taken @6700 and calls till 16 or maybe after that too(only future) , as i am bullish , will see , it depends on market movements

for people the range breakout due to elections and its hypes, but for me its a normal process , markets are so bigger entity that its almost GOD , it knows everything and it does everything very calculatively , you cant beat market , all exit polls leak out ,bull trap ,retail trap , fii , dii buying and selling figuires this and that bla bla bla , is irrelevant ...................the market is the only thing that is relevant

what does is mean 4 yr breakout on montly

 

[toocool]

some people had doubts on the validity of my analysis on basis of fundamentals , but to clear that, technicals do apply equally/more good than fundamentals , the IDBI is in big range on yearly charts , no matter what the news is for it , it must be bought at decade long support at any cost if one needs to multiply money in medium/long term upto 3-6 times

from 66 the day of post

made a high of 82 today a 25% bounce

so "naysayers" have anything to say about it or not?

analysis worked due to rise in market or due to correct analysis ?

 

[parmit]

took its time but its ROCKING nonetheless

991 right now , stops should be tighter/trailing now

it was a good tip...

earn 30 point in reliance options 1000 call..
bought 38 sold 68 :clap::clap::clap:

 

[oilman5]

today i read ur thread toocool.Really excellent understanding on TA, as well as Early bull play. u will be crorepati soon.
regards