General Trading Chat

[travi]

SETUP 9 on 30th Aug without perfect.

Regards

In Aug there were two SELL setups, but the 1st one before that(31st aug) was on 1st Aug completed and was the active one. (Larger)
Probably count sell CD from there.

 

[Smart_trade]

Bajaj Finance gaining strength it is above Rs 2200......it could not cross 2300 yesterday , so that seems to be a resistance as of now.

Smart_trade

 

[lemondew]

Why was there a sudden fall. Was this an event. Read somewhere because of fed raising rates and so on. This wasnt a fall without a news is it?

https://www.cnbc.com/2018/10/10/trump-says-the-federal-reserve-has-gone-crazy.html

Bears just made a double century in SGX Nifty.

View attachment 29417

Those who bough puts with good position size like me near today's end, when Nifty was near the common resistance 10500 must be very happy now..
Tomorrow is going to be the best trading in my trading life.. Finally I showed the courage to follow the tech setup, bought 10300 put with heavy position size.. Shorted @ high exact resistance zone positionally.

Now, Dow is giving me sleepless night (due to greed), 3.65% ->966+pt down.

View attachment 29418
Today's picture - Typical bear market expression.. Is not it?
Bears are going towords 1000.. Yeh dil mange more..

Happy Trading.

 

[lemondew]

St da,

What was the reason for sudden fall. Just wondering should it be considered news based event. This doesnt appear a general correction. As in that case the nifty wouldnt close on HOD to be taken unawares by S&p. Generally s &p and nifty kind of go in tandem in case of general correction.

 

[Smart_trade]

St da,

What was the reason for sudden fall. Just wondering should it be considered news based event. This doesnt appear a general correction. As in that case the nifty wouldnt close on HOD to be taken unawares by S&p. Generally s &p and nifty kind of go in tandem in case of general correction.

There was a fall in all world markets. We are connected to global markets now and thus we cannot escape the fall. Our markets are still vulnerable due to currency ,crude,trade wars, elections and what have you....so these sudden up/down sessions are expected till we bottom out .

Smart_trade

 

[travi]

Why was there a sudden fall. Was this an event. Read somewhere because of fed raising rates and so on. This wasnt a fall without a news is it?

https://www.cnbc.com/2018/10/10/trump-says-the-federal-reserve-has-gone-crazy.html

There has been a divergence b/w NS and other mkts with the IL&FS issue already, so domestic macros were a bigger issue, and the US has been see-sawing with Trade war news every other day coupled with Bond Yields news. The Fed took a more aggressive approach to rate hikes and that's what blew their lid.
If you see Dow, its previous 5-6 day chart isn't strong either. Yest was an acceleration for that.
Ofc all explanation in hindsight.

 

[travi]

It's working for EQ, don't know about NFO, will check.

Edit : Oh yeah, it's working.

Brokerage bhi tho kamani hai

 

[lemondew]

Little confusion On upside. The downside if we close strongly down no 2 thoughts on that one. On the upside if this was a one of news than bottom taking place seems possible. Uneasy to enter longs on breaks and overnight US markets pose a risk. May be dips strategy for long

Only a little confused whether to trade both sides.

There was a fall in all world markets. We are connected to global markets now and thus we cannot escape the fall. Our markets are still vulnerable due to currency ,crude,trade wars, elections and what have you....so these sudden up/down sessions are expected till we bottom out .

Smart_trade

 

[ravi2126]

Bajaj finance rating update

 

[vivektrader]

Exited Yesbank long at 245, kinda bad exit, just before last flourish.
This fearful tendency needs to be improved upon.

Vivek
Edit: still captured close to 15%move