what if i short 50 lots of syndibank and 50 lots of idbi?

#1
:) hi coollest traders in India,

i really love and respect you all. some of you guys are simply genius.
hey i was wondering, if i short 50 lots of syndibank and 50 lots idbi bank for intraday. will it be ok? cause i am feeling bank shares will now start falling soon. and even if they won't then also if i book my profit, even if i get 2 or 3 rupees, then also profit will be high, because total quantity of both the shares are high. and there always 2-3 rs up and down in most of the shares daily. pls let me know what are your thoughts?

thanks in advance.
sachinbaba:D
 
#2
:) hi coollest traders in India,

i really love and respect you all. some of you guys are simply genius.
hey i was wondering, if i short 50 lots of syndibank and 50 lots idbi bank for intraday. will it be ok? cause i am feeling bank shares will now start falling soon. and even if they won't then also if i book my profit, even if i get 2 or 3 rupees, then also profit will be high, because total quantity of both the shares are high. and there always 2-3 rs up and down in most of the shares daily. pls let me know what are your thoughts?

thanks in advance.
sachinbaba:D
Hi sachin,
My experience tells me that people who "wonder" keep wondering in this bazaar and people who trade, "ocassionally enquire on specific points."
If at all you want speculate 2-3 rs loss or profit why only syndicate and idbi
There are so many with bigger lot size.
Genuinely speaking, never ever sell or buy 50-100 lots at one stroke. The so called operators will never ever spare you. They will, after your bulk trade,
surely see that you donot earn.
I have a similar eg.
One had bought 100 lots(Lot size800-1000 SHR., at that time) of Century Textile when the rate was 286/- and he had confirm news of the scrip moving north.After he bought he had to sell 9/- down. And after that in few days it went to 600/-.

I am not very old in this bazar but one thing is for sure.

NEVER EVER OVER TRADE.
 
#3
Thanks kurian Bhai, things will move as planned i am sure, 1 month and i'll hit my 50 lacs target.

Babloo bhai, i don't agree with you at all. firstly both the shares which i selected are very cheap, under 100, so they wont really jump more then 10 rs in one day, so the risk is less. secondly, even if i short or long 50 lots, operator cant really do anything, because i am targeting only 2-3 rs profit. operators won't and cant change there strategy just because one trader is fighting with them or going against them because they have to take care of other thousands of traders, who are maybe with them or agianst them, i just want to there at right time, and quickly get out before they even think now what. and i know they might play with my nerves, but if i hold on long enough they have to go with the flow,, in intraday itself.
i am sorry about your friend, even it happend to me before but that time i was targeting bigger gaps( lets say 10-20 rs per share).
In the nutshell i want to short or long just at right time and get out quickly. and rpeat the same trick again. my friend the share wont freeze at one rate, just because sachin is trading in it, it has to move, i just want to move with it, long or short whatever.
lets see what happens. i am sure, baaki bhagwan ki marzi.

thanks for your reply, wish me luck.

sachinbaba
 
#4
:) hi coollest traders in India,

i really love and respect you all. some of you guys are simply genius.
hey i was wondering, if i short 50 lots of syndibank and 50 lots idbi bank for intraday. will it be ok? cause i am feeling bank shares will now start falling soon. and even if they won't then also if i book my profit, even if i get 2 or 3 rupees, then also profit will be high, because total quantity of both the shares are high. and there always 2-3 rs up and down in most of the shares daily. pls let me know what are your thoughts?

thanks in advance.
sachinbaba:D
Sachin,
What gives you the idea that these 2 stocks are ripe for shorting. Have attached charts of both. The trend is clearly up. Have attached both the charts. Even volumes are higher than normal.
Rgds
Kuldeep
 

Attachments

#5
Thanks a million kuldeep bhai,
i am sooooooo glad you replyed, and even gave me the charts, but bhai when i see at both the charts i have this giant feeling that they will crack, and if you notice, both are identical. there's a huge "U" formation in both of them and i am sure the down trend will start soon. i am not a technical person at all, but both chart, somehow tells me, they will reverse from here, i dont know for how long, but they will. and as i said i am looking for 2-3 rs profit with huge quantity of shares, and get out and repeat the same thing. and once i feel the trend is up, i'll go long. i may be totally wrong, but risk is name of the game. the higher the risk, higher the profit.
once again a massive thanks and pls reply always, i really value and admire your expert advise.

thanks sachinbaba
 
#6
Thanks a million kuldeep bhai,
i am sooooooo glad you replyed, and even gave me the charts, but bhai when i see at both the charts i have this giant feeling that they will crack, and if you notice, both are identical. there's a huge "U" formation in both of them and i am sure the down trend will start soon. i am not a technical person at all, but both chart, somehow tells me, they will reverse from here, i dont know for how long, but they will. and as i said i am looking for 2-3 rs profit with huge quantity of shares, and get out and repeat the same thing. and once i feel the trend is up, i'll go long. i may be totally wrong, but risk is name of the game. the higher the risk, higher the profit.
once again a massive thanks and pls reply always, i really value and admire your expert advise.

thanks sachinbaba
Good luck friend :D :D
 

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