Tuesday, May 05, 2009

Technicals for 5-May-2009

Dow Technicals
Dow trin(Daily):. 0.57 (bullish)
Trend Indicators:.MACD:.Bullish RSI:.Bullish ADX:.Bullish
Overall:.

Nifty Technicals
Nifty trin(Daily):. 0.09 (bullish)
Trend Indicators:.MACD:.Bullish RSI:.Bullish ADX:.Bullish
Overall:.

Food for Thought:

Recommended article:Sell In May And Go Away? Probably
(click on image below to read the article)

46 comments :

Rajandran said...

Hi,

UMA, GJ, RM, Shjesh and to all FII's watching this space.

Good Morning to you all!!

geniusjaggu said...

a very goodmrnd my dear friend rajan
:)

i hope to see bears on the street soon..fingers crossed..

p.s.pls see my new disclaimer on top of the blog page ... LOL

r m said...

Good Morning Jaggubhai, Rajandran, Uma, Paaji & Kshitijesh (I'll choose to ignore FIIs - after all they have ignored us for more than one year!)
Jaggubhai: So you are a bearish bull!

geniusjaggu said...

good mrng rmbhi,
yes,i m kind of mutated bearish bull.. ROFL...

kshitijesh said...

Good morning,
JB Raj rm uma cheema

r m said...

Jaggubhai:

I have maneuvered myself in quite a complex situation!

Sold 50 3800CE at 110
Sold 50 3400PE at 94

At the same time am trying to ride on 40 M-nifty bought at 3648.

Good that Uma is not here today else she will burst out laughing at my strange trades!

kshitijesh said...

rm
what stop losses in your mind for CE's & PE's

r m said...

SL for CE and PE are 4000 and 3200 respectively.

kshitijesh said...

Jaggubhai
Zee tv told a strategy few mints before
buy 3700 call 1 lot
sell 3900 call 2 lot

how is it??

kshitijesh said...

rm
please explain me how your CE's PE's calls will work in either way.

r m said...

Kshitijesh:

Selling of options is done to benefit from the time decay in premium. I have sold 3800CE and 3400PE with the view that the market is likely to remain range-bound in this series. If market cofirms to my view - which is rare - then both these options would expire worthless and I could pocket 200 points. However, if the market breaks out of the range I have a stoploss at 200 points away from my range at both ends (roughly balancing the 200 points I have got in advance by selling the options) so my loss will be managable.

kshitijesh said...

rm guru thanks for explaination

r m said...

Are Sir, main kahan ka guru hoon? The only area where I am an expert is in booking losses!

S S Cheema said...

Hi Uma, Jaggu, rm and kishitijesh. WOW I have almost mugged up kshitijesh's name.
So guru ji - (ref to jaggu) where do we go now?

Uma said...

heehee....now rm guru has been added to faculty. We welcome our new fellow for 2009 :)

good morning rajandran, cheema, genius, kj and welcome to our new faculty member, who will be taking on his teaching duties today.

Uma said...

for the uninitiated,

Gurudev (also MD of this blog)
: geniusjaggu
Teacher: Uma
bartender/scotch provider: cheema
rm: vatsa, now assumed faculty position as guru
kshitijesh: new vatsa/ chela


In addition to these, we have Unseen, unheard visitors that are known to spoil the party for those who disclose their positions:
International Spies

Uma said...

see ya laterz folks...

r m said...

Uma:

Since all of us were loosing money in buying options, I thought why not loose money by selling options!

Hey Prabhu, kripaya mere jaise (alleged) Guru se shishyon ko surakshit rakhna!

kshitijesh said...

rm
uma described very well the structure of institute.
waise where is smiling pic..

Uma said...

lol! will put up a pic sometime...I think u're referring to the one on MMB is that so? But it's too old now...from 2006

rm: in stock market as long as we protect ourselves from ourselves, nothing else matters :P
By the way, that marriage and dogs comment (twisted out of context) was rocking ;)

r m said...

Kshitijesh:

I am like the monitor of the class who assumes teacher's role when teachers have gone out for a movie!

r m said...

Uma:

Thanks God that I read it out of context - I got the impression that we men are just substitutes for the faithful one!

geniusjaggu said...

hi m back everybody,
looks like school is active when the "headmaster" is away..ROFL...

uma,
i also like ur structure..

rmbhai,
haa haa..its good one..there is no substitute for men...LOLLLL

kshitijesh said...

so rm market is moving in your way

r m said...

Kshitijesh:

Not at all - it is only that i am assuming that I know nothing (which happens to be true) and trying to trade with the trend. Now let us see how long this trend holds and how much loss the change of trend causes.

kshitijesh said...

rm
market will go up with corrections
simply because increasing number of buyers as most simplest way of market indicator
more buyers = up trend
more sellers= down trend

this comment is from junior most
dont LOL just smile

r m said...

I have posted that permanent grin!

r m said...
This comment has been removed by the author.
kshitijesh said...

i'm also having same query
& came at conclusion that instead of buyers/sellers we can say buyers/sellers ready at any cost.

where is guru ji to give some expert comments

r m said...

Guruji is enjoying his siesta after a heavy lunch!

r m said...

You are right - for the trade to happen buyers and sellers have to match but the demand and supply will determine the price.

geniusjaggu said...

arre rmbhai,
i was busy booking "sweet"profits in bajaj hind i bought before... :D

r m said...

Good God! Are you holding Bajaj Hind from those times when you recommended? Some patience!

geniusjaggu said...

yes...rmbhai...tats how i made(make) money in the mkt...otherwise all know my "option trades"... :D

kshitijesh said...

Congrats JB!!

r m said...

I have booked 60 points intraday on Mini-nifty. I am holding one lot of mini-nifty overnight more than covered by one lot shorted 3800CE.

Paaji: where art thou? scotch is ready and Jaggubhai is bringing prawns to the table!

geniusjaggu said...

rmbhai,
paaji is busy...will catch some other time...by the way... i order for 5 fresh sea water lobsters(prawns are small in size and less expensive than lobsters),... hope... uma excuses me.. i have packed mushrooms and truffles for her.. :D

r m said...

That sounds great! I saw a movie the other night where they were breaking prawns with a wooden hammer at their table - is that the way to eat prawns?

r m said...

Well good night folks! Let us enjoy 'an evening with prawns'!

geniusjaggu said...

oops..i forgot mkt closed...yahooo...meri lottery lagi... goodnite folks...byee rmbhai,K,rajan,uma, and my dear paaji :D

geniusjaggu said...

rmbhai,
may be tat prawn was from parliment street,else prawns can be eaten with dentures....

r m said...

LOL. Probably what I saw was crabs.

kshitijesh said...

Good night friends

Uma said...

congrats genius!
nite rajandran, rm, kj, cheema, genius

S S Cheema said...

Good night everyone - will tinkle you tomorrow - I have come to the office and forgot the mobile at home.

Uma - that's the reason I am a looser - took me two months of mug kshitijesh's name and you say good bye kj - how foolish of me.

Uma said...

c'mon cheema, I'm sure kshitijesh appreciates the effort (see, I might as well start learning too). I've missed talking to you...how was wifey's US trip, what shopping did she you, and what all did u guys buy in Mumbai, didn't you want to accompany her to US? And hows the flying and all? Hope you're not losing in stocks? Did you try more of guru.com, I've seen some interesting projects posted there lately...
nite then, take care...
Uma
PS: my sister's b'day today! :)
was fun, now that she's in Pune

Popular Posts for last 7 days

All Time Popular Posts

Eq mkt Holidays for the 2017 year

Sr. No.

DateDayDescription
126-Jan-2017ThursdayRepublic Day
224-Feb-2017FridayMahashivratri
313-Mar-2017MondayHoli
404-Apr-2017TuesdayRam Navami
514-Apr-2017FridayDr.Baba Saheb Ambedkar Jayanti/ Good Friday
601-May-2017MondayMaharashtra Day
726-Jun-2017MondayId-Ul-Fitr (Ramzan ID)
815-Aug-2017TuesdayIndependence Day
925-Aug-2017FridayGanesh Chaturthi
1002-Oct-2017MondayMahatama Gandhi Jayanti
1119-Oct-2017ThursdayDiwali-Laxmi Pujan*
1220-Oct-2017FridayDiwali-Balipratipada
1325-Dec-2017MondayChristmas

*Muhurat Trading will be conducted. Timings of Muhurat Trading shall be notified subsequently.

The holidays falling on Saturday / Sunday are as follows:

Sr. No.DateDayDescription
109-Apr-2017SundayMahavir Jayanti
202-Sep-2017SaturdayBakri ID
330-Sep-2017SaturdayDasera
401-Oct-2017SundayMoharram
504-Nov-2017SaturdayGurunanak Jayanti