Nifty & BankNifty Expiry Anyone?

As of the moment, following is the index levels :

Nifty Futures : 7,836
Bank Nifty Futures : 15,455

It would be interesting to see how the traders view the expiry for Oct. Bullish or Bearish?

Personally, my subjective view is as follows :

Nifty Futures will bounce back above 8,100
Bank Nifty Futures will bounce back above 16,000

Would be interesting to see how individual traders see the market one week from now and at expiry? Views welcome.

I feel the move to 8100 is almost certain in the next week but this market does have greater potential :thumb:

Thanks KK, just saw your response now. You are right, and it seems that the expiry can be closer to the level you mention, if the global factors provide tailwind... On the domestic front, we finally see the govt. making the right noises on reform.

Current price-8163.70 :thumb:

A 600 point move in the Nifty and a lot of stocks have given 10 plus percent moves. Good month in filling my pockets, hopefully it was the same for all :clap::clap:

KK,

Not many would have expected this kind of a move. Expecting or analysing a position is one thing, but holding on for such gains is another. Nice to note that you made good amount of money.

Thanks DSM,

Still holding 20 percent of my longs, No reason to short this market yet. still looking to add on to longs If there is a correction.

The problem for traders is that in a bull market one must be very careful before taking profits has market can runaway so fast and will force you to buy at much higher prices. So always hold atleast a small part of your positions. been long for quite sometime now .

Way to go KK! Dec. 2014 will still be a newer high for the index. So your 'buy and hold' strategy should do well. Another investor Einstein also has similar approach and his portfolio is doing great! With a majority govt. in power, crude prices going down (-4.5% today) and business friendly agenda, India for the next year should be the market to watch. US has it's problem, Japan is in deflation, China no's cannot be trusted, Brazil has re-elected a socialist president (and it's market tanked), Russia is facing problems due to intervention in Ukraine, as well as falling crude prices, Germany is only a major economy in the Eurozone that is sound, but having conservative policies, which leaves India as an attractive destination to invest. So would say, hold on to your longs!!

Thanks DSM.

I am a technical trader hardly listen to news and i trade positional short term and intraday. I trade a select few stocks and the nifty.