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:.
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)
(click on image below to read the article)
46 comments :
Hi,
UMA, GJ, RM, Shjesh and to all FII's watching this space.
Good Morning to you all!!
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
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!
good mrng rmbhi,
yes,i m kind of mutated bearish bull.. ROFL...
Good morning,
JB Raj rm uma cheema
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!
rm
what stop losses in your mind for CE's & PE's
SL for CE and PE are 4000 and 3200 respectively.
Jaggubhai
Zee tv told a strategy few mints before
buy 3700 call 1 lot
sell 3900 call 2 lot
how is it??
rm
please explain me how your CE's PE's calls will work in either way.
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.
rm guru thanks for explaination
Are Sir, main kahan ka guru hoon? The only area where I am an expert is in booking losses!
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?
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.
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
see ya laterz folks...
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!
rm
uma described very well the structure of institute.
waise where is smiling pic..
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 ;)
Kshitijesh:
I am like the monitor of the class who assumes teacher's role when teachers have gone out for a movie!
Uma:
Thanks God that I read it out of context - I got the impression that we men are just substitutes for the faithful one!
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
so rm market is moving in your way
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.
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
I have posted that permanent grin!
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
Guruji is enjoying his siesta after a heavy lunch!
You are right - for the trade to happen buyers and sellers have to match but the demand and supply will determine the price.
arre rmbhai,
i was busy booking "sweet"profits in bajaj hind i bought before... :D
Good God! Are you holding Bajaj Hind from those times when you recommended? Some patience!
yes...rmbhai...tats how i made(make) money in the mkt...otherwise all know my "option trades"... :D
Congrats JB!!
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!
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
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?
Well good night folks! Let us enjoy 'an evening with prawns'!
oops..i forgot mkt closed...yahooo...meri lottery lagi... goodnite folks...byee rmbhai,K,rajan,uma, and my dear paaji :D
rmbhai,
may be tat prawn was from parliment street,else prawns can be eaten with dentures....
LOL. Probably what I saw was crabs.
Good night friends
congrats genius!
nite rajandran, rm, kj, cheema, genius
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.
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
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