Saturday, December 27, 2008

154 comments :

Uma said...

Wish you the same genius! :)
So, what's the plan for New Year's Eve? :)

niftyxl said...

uma,
on new year eve...we celebrate by burning santa(old man's effigy)and having merry party...HO HO HO..

Uma said...

lol!I didn't know of that custom!
Wishing you loads of fun!

Joe tom said...

Genius & Uma!

All the very best in the coming year, to you and your near & dear!

Tom

Uma said...

Tom, thank you for thinking of me and wish you the same :)

niftyxl said...

yes,uma,
its funnny custom here...
ppl welcome new year by burning Old worries...and they party(with local food thrown in!!!)till next mrng... :)

wish u the same to u, Joetom :)

Uma said...

good morning folks!
Shall we use this post for market chat or the technicals post below??

niftyxl said...

good mrng uma,

u most free to use this post for chat and anything under-the sun-talk..LOL

by the way...i will post pic of santa(new year) celebration of mlore if get one here on the blog..probably on 1 jan-09

niftyxl said...

bythe way uma and rmbhai u r also requested and invited to contribute some "forgone" year celebrations.. :)

Uma said...

wow! that will be lovely, to see your pics celebrating new years. over here we just have a terrace party at my sister's place, order some food, dance...burst some crackers. that's all :)

Uma said...

wow Unitech below 35, good for cheema

niftyxl said...

paaji,new year is on the house for us from u..be ready with ur piggy (land)bank profits..

Uma said...

genius, cheema is traveling home his leave got sanctioned :)

Uma said...

Unitech below 34!

niftyxl said...

o i c...then paaji..HAAAPPPYYY HOLIDAYS AND NEW YEAR...

Uma said...

Now 205 is the level to break with tata steel.

r m said...

Good Morning folks!

Thank you for New year wishes, wishing you great partying on all 365 days in the coming year.

God have mercy on all those mackerel and shrimps :)

I normally celebrate new year by snoring gloriously (i am quite sure a pictorial representation of that would'nt be considered by many as and elegant addition to your blog!)

Uma said...

rofl...!! rm, I'm equally embarrassed of the kilos and kilos I've piled on since I started working from home many years ago

r m said...

uma:

Good Morning! Does the self imposed trading emabrgo continue?

Uma said...

tata steel breaks 205! next support 199

Uma said...

rm: yessir! Will be lifted Jan 8th

Uma said...

Nifty might find support here. Each time they crack 34 for Unitech, Reliance starts moving up

niftyxl said...

uma,
8th jan any special day that day???

i heard abt pre-new year resolutions,not post-new year resolutions...LOL

niftyxl said...

looks bulls are desperately RIL hanging on there..

dont know till how much..they will hang on..

Uma said...

genius, by 8 Jan I will be completing 15 days of not trading! lol. That's very important. By the way, the 15 days also include the trading holidays lol.

r m said...

uma:

Great resolve. Let us hope that we will be able to convert trading opportunity into greenbacks in the coming year.

Uma said...

If I could trade today, it would be tata steel long with SL 199

niftyxl said...

i dont see any chance of bounce back till "greenbacks with lots of green horns" come back to mkts...

till then scoop tiny profits...

Uma said...

yep rm!! Sniff-sniff! I really wana go long on tata steel now! too bad I burned up my money on bad trades las week.

Uma said...

genius! you are the same person who gave target of 3300+ and you were RIGHT! I'm telling ya!

niftyxl said...

uma,
i see this bear mkt to last atleast 1 and half years more.....

r m said...

Jaggubhai:

Actually i wish (this is only a wish so far and needs much hard work to convert it into reality) to be able to earn from all phases of market. Because things always change out there in the real world and the same will be reflected in the market at times least expected by us.

Uma said...

genius: well it can last 2 years - there are plenty of signs that this time will be worse than 1930's. But right now, I see the bears having considerable difficulty with 2500 level. So upside to 3300 is a possibility

niftyxl said...

rmbhai,
if wishes were horses,even the beggars would have rode them...but right here problem is liquidity and confidence...

things change..so do situations.....

uma,
yes 2 years more is probability..

r m said...

Jaggubhai:

Here is one optimistic beggar who is always willing to ride on wishes :)

Uma said...

abhi ye tata steel seedhe 260 jaane wala hai

Uma said...

rm: in 1930's depression, there were many bull phases which lasted several months. Human psychology eventually makes bears take profits off the table....and our eternal optimism makes us hope things will get better eventually!

Uma said...

Hang Seng is up today!

Uma said...

they say Japan is having the worst recession.

Uma said...

these days the stupid news channels are going on and on about the possibility of nuclear war between India and Pak

niftyxl said...

uma,
yaawwwwnnnn...i feelling bored abt newschannel..these days...

all they do is stale news....

Uma said...

yea genius...but they talk as if they are two steps ahead of CIA and Scotland Yard

niftyxl said...

uma and rmbhai,

chk GOLD..it has shot Rs.300!!!...whoopppppeeeeee

Uma said...

Oh! I'm no fan of the yellow metal. It's mainly mistrust for US economy that's fueling this rise...

niftyxl said...

2 steps ahead of scotland yard....

haa haa...newschannel think they are better than sherlock holmes...haa haaaaa

Uma said...

the best one was when some astrologer said he was going to die that day, they followed his a$$ all day and eventually he didn't die ROFL!

r m said...

uma:

Media guys (most of them) are very mediocre people who know nothing and pretend to be expert on everything under the sun. None of them knows what a war is like and what kind of hardships it brings on to the nation.
I don't blame them though, it is the promoters of these news channels who have forgotten all sense of proportion and are running madly after TRPs.

Uma said...

wow, bears broke Reliance 1200 level! I think target was 1167

niftyxl said...

is it????ho boy,...he wud had a wonderfull time of his life...sorrounded by reporters...asking...

"swamiji,aap abhi zinda ho" every 30 sec....HAAA HAAA

Uma said...

rm: actually media people are too young they're straight out of college and they're taught to really hype things up. These days even the AUDIENCE in tv shows behaves as if they're stars.

r m said...

tv journalists would have done the world a lot of good by shooting the a...... and making his prediction come true :)

Uma said...

genius: He was a virtually unknown astrologer! They aired him non-stop for hours and I think it was one of the top Hindi news channels...eventually he said, because of all your viewer's blessings I didnt die

Uma said...

yea rm, if they were smart they would have added a non-performance clause in the contract ;D

r m said...

uma:

ROFL..the non-performance clause, that is really funny :)

Uma said...

Only the Internet has saved the day...otherwise we would be rotting in front of the tv

niftyxl said...

uma,
all bcoz viewer's blessings he didnt die...

if i was covering the event i wud have shot him dead there itself...to make his prediction come true..heee heeee

one watch such crap things in karnataka news channel everyday....

r m said...

ndtv profit used to be good in the initial days when vikram chandra and nikunj dalmia were the anchors in the market hours. Now they have blokes who are talking about everything except the market.

Uma said...

day low 2813.75

Uma said...

rm: I think the tv channels take an IQ test before hiring and anyone over 35 is screened out

niftyxl said...

rmbhai,
i agree with u...dalmia is good at mkts than chandra..who is more in to political field..in my opinion...

even sarcastic remarks by Prannoy in primetime...make good sometime for mkt..haa haa

Uma said...

If they're hiring such STUPID anchors, atleast they should be handsome hunks - but somehow they manage to get people that are both stupid and average-looking

Uma said...

bears are just hell bent on cracking Reliance lol

Uma said...

See ya at 1167 Mr reliance

niftyxl said...

haa haaa ..yes uma...bulls are giving up on RIL....god save the mkts now.....

Uma said...

Reliance keeps making new day lows....even tho Nifty is stable.

r m said...

Jaggubhai:

I like vikram chandra because he does not take his job too seriously and is not trying to hog the limelight. Now a days he is enjoying life, just anchors the gadget guru. Nikunj dalmia has disappeared, looks like he left NDTV.

uma:

if your observations are right, God must be taking an IQ test up there before injecting the chromosomes for good looks :)

Uma said...

rm: God is one entity I have mixed thoughts about....I believe in goodness, but not sure if I believe in God. Same goes for patriotism...I don't feel anything for India.

Uma said...

RPL and Satyam the only gainers so far

niftyxl said...

rmbhai,
"Nikunj dalmia has disappeared"-he has gone/taken underground..by the NDTV profit...since others are poaching ppl from every channel except their own channel....

chandra...yes...he is good looking...but sometimes...he looks verrrry dumb than paris hilton..while hosting GADGET GURU with rajeev makhni..(rajeev is good at all gadget and technology stuff,atleast rajeev shud be given responsiblity for tat progrem)

Uma said...

genius...each time I watch tv I feel they're somehow recession proof. So many ads even now!

r m said...

Uma:

I think that the concept of God or some super power was created by philosophers to provide a support system to fall back upon during hard times.

Patriotism is just rooting for your country because it provided you means for sustenance and security, it is just like loyalty for your immediate family but in a broader perspective. It makes sense if you don't read too deep a meaning in it. That is my view for sure (to borrow DU's style.)

r m said...

jaggubhai:

rajeev usually anchors the show alone, it is only when vikram is not feeling too lazy that he joins for a talk!

r m said...

uma:

probably the ad rates have gone down. Look at it this way, if they don't reduce the ad rates they will have to make more programs to fill the time which may cost money!

Uma said...

rm: according to George Bernard Shaw, "Patriotism is your conviction that your country is greatest, because you were born in it" lol. that said...atleast I don't feel that watching a cricket match is my national duty...plenty of retards think it is.

niftyxl said...

uma,
yes,media is a recession proof field...since i come from media background...

during great depression media tats film(hollywood thrived)to extent tat many millionaires were created in media in recession period than manufacturing boom..

Uma said...

rm: the kind of shows they make, we should be paid to watch them!

Uma said...

genius: good observation! Maybe all the jobless people pass their time watching films!

r m said...

Jaggubhai:

Hey that is interesting. Any vacancies for this retiree in graphic designing ?!

Uma said...

even a lot of Ultimate flop films recover their costs by selling TV rights

niftyxl said...

reason being...when ppl do not have any work..they watch tv and movies for entertainment....so more demand for charlie chaplins,Marx bros,laural and hardy types during recession


rmbhai,
i used to watch tat show only rajeev makhni..but somehow i lost interest once chandra came aboard....

same goes...vinayak pathankar for car and bike show..presently...he is preoccupied with current affairs than auto mag...

r m said...

uma:

I am patriotic only to the extent that I pay taxes and obey laws!

Uma said...

Satyam up almost 5%, tata steel putting up a good fight at 205. methinks we will see an upmove

niftyxl said...

rmbhai,
i am starting my new entertainment venture...in mlore ,u can also join (no relocation expense will ebe paid)

perks:oppurtunity to meet "beautiful ppl and go different place free of cost"

r m said...

jaggubhai:

I'd love to do that, just wanted to ask one question though. Would not knowing anything about graphic designing be considered a disqualification?

niftyxl said...

no rmbhai,
graphic designing is one of my specialisation..

i do Adfilms,telefilms,Even movies(if there is a producer who can lend his black money to me)...

Only Individual Talent and creativity is required to succeed in Media field... :)

Uma said...

lol!
ok who wants to bet on closing level??

me thinks we close over 2900

r m said...

uma:

If i agree with you than how we will place the bet!

Gurudev:

Teacher is trying to circumvent her self-imposed trading ban by placing bets on the side. Please help her :)

niftyxl said...

rmbhai,
haa haaa...i m seeing tat....but wat to do??

Uma said...

lol!

Uma said...

I'm allowed to make paper trades.

r m said...

that is right uma, and what is the harm in stretching the definition of paper-trade ;)

r m said...

nifty seems to be making a break-out

Uma said...

top loser tata motors, 6% down

Uma said...

rm: nah...I know that in long-term, I can only gain by keeping the ban. In short term of course, there will be many temptations...some will turn out riht and some will turn out wrong.

Uma said...

genius: we're forming the same chart pattern as Dow, right??

niftyxl said...

uma,
in a min willl chk both charts,tell u

niftyxl said...

yes uma,u right...
but dow has solid support at 8000..
whereas nifty does not support :(

else its same pattern rise and fall...identical...

Uma said...

yea, Nifty broke yesterday's close. that's the difference

Uma said...

I mean Friday's close

r m said...

Aaj bulls ko josh aa gaya!

r m said...

uma:

ICICI Bank has once again crossed 420 :)

Uma said...

yea rm! ekdum 420 bank hai ;D

Uma said...

now bears trying to knock out tata steel

Uma said...

brb...after lunch

niftyxl said...

ok...i m back after my lunch ;)

Uma said...

I'm back

niftyxl said...

uma,...so sooon???wats menu for lunch????

its looks like shortcovering ahead of new year... :)

r m said...

Uma:

Bears are spending a longer time on their lunch :)

Uma said...

bhindi sabji, daal chawal, rotis :)

Uma said...

rm: bears have some problem with indigestion ;)

r m said...

arre bhai,

Winters are here (what if you guys don't feel it), Kuchh gaajar ka halwa to khaya karo!

niftyxl said...

gaajat ka halwa for lunch....sure bears will need go diet soon enough....

r m said...

Jaggubhai:

They are gorging since Jan. Let them also learn to starve else they will forget how to hibernate :)

r m said...

uma:

Nifty futures are closing on 2900, periliously close to your prediction-cum-bet. Good i did'nt take an opposite position!

Uma said...

I said close over 2900 :D

niftyxl said...

uma,
bang on tgt prediction,...

guruma,kya aap teach me...ROFLLLLL

Uma said...

mera bhi din aayega! bas Jan 8th ke baad aayega!

Uma said...

genius: thanks, but nifty hasn't yet closed ;D it can close anywhere

Uma said...

nice jump in volumes!

r m said...

i wonder what Paaji is upto. Unitech is jumping on trampoline!

Uma said...

he's in jhook jhook gaadi, traveling home

Uma said...

let me check out Bollinger ka band baaja

Uma said...

Bullish target is 3062 guys

Uma said...

ok, as long as Nifty remains over 2848, we are in uptrend

r m said...

SL 2848, Spot 2915, Target 3062!

Good risk reward ratio!

Uma said...

rm: no, not a good trade now. Wait for 2848 - we can retrace till there.

Uma said...

or try 3200 CE.

Uma said...

3041 is the target 1, sorry. I was in 3-month chart, I needed 5-day chart.

r m said...

uma:

I was just day dreaming (after all what is a life without dreams), I dare not trade with SL greater than Rs 10. :)

Uma said...

rm: you can keep that SL by trading far out calls

Uma said...

ok for now just wait till 2866

niftyxl said...

yes uma,
tat wud be sensible strategy...

r m said...

uma:

Not much fun doing that. Even if nifty is in a strong uptrend, by the time it starts having an impact on the premium of the far-out-of-the-money-call the time decay brings down the premium so much that you have to pay the brokerage from your pocket. Only time such trades are profitable is when nifty goes into a wild swing. But to get that once a year profit one has to invest in far out of money calls and puts throughout the year!

Uma said...

rm, u remember I had said, trading opportunity is near 2800 (long) and over 3300 (short)
If I hadn't been jumping in and out of silly trades, today woulda been a good day for me. Maybe I'll get my chance around 3300 next

Uma said...

rm: yea I know...from 57 bucks your call came down to zero. darnnn!!! This market kicks everybody around

r m said...

uma:

Not that call, I goofed on that because i was too lazy to trade intraday.

Uma said...

rm: these days 10-Day SMA is the one to follow for Nifty

Uma said...

rm: best way to use out of money options is for hedging. fr instance, if you buy CE 3300 now, then use it to hedge your short - that would be a low risk bet!

Uma said...

but the risk is that we might not see 3300 in this FnO. In that case u have to be quick to exit.

r m said...

Teacher:

Thanx!

Uma said...

most welcome

niftyxl said...

kaya piya kuch nahi,tension liya 12 aana :)

hope dow falls 10%..LOL...

Uma said...

Reliance is just rocking!

Uma said...

genius: yea I think Dow is due for correction

niftyxl said...

no no uma,
but i feel left out of todays rally...tats y if dows falls,then i can enter mkt tats y :)

Uma said...

I see...

Uma said...

there's always an opportunity around the corner

Uma said...

Day low 2912.9
Day high so far 2931.05

Uma said...

oops! sorry day low 2812.9

niftyxl said...

ok..uma..and rmbhai...goodnite...byeee

Uma said...

bye folks! good night

r m said...

Goodnight folks!

Uma, you won the bet :)

Uma said...

thank you rm :D

Uma said...

Dow cracking genius! ;)
Looking forward to technicals

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