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WHY IS EVERYONE IN A HURRY TO SHORT??---By Syam Nair
| From : Syam Nair at 09:10 PM - Mar 10, 2010 (23 months ago) |
WE SEE MORE THAN 80% OF MEMBERS SHORTING NIFTY OR BUYING PUTS IN A HURRY THESE DAYS...BUT MARKET JUST REMAINED RANGEBOUND...
OFCOURSE THERE ARE NEGATIVE FACTORS LIKE OVERSOLD RSI TO BACKUP SHORTING...
BUT FOR THOSE WHO THINK,MARKET WILL CRASH....I AM PRESENTING HERE...
WE HAVE MORE POSITIVE DATA HERE THAN NEGATIVES
...AS PER GLOBAL CUES...NASDAQ IS AT IT'S 52 WEEK HIGH...DOWJONES ABOVE 10500...FTSE ABOVE 5600....
I HAVE RARELY SEEN A OPTION WITH OVER 1 CRORE OI AND THAT IS 5000PE...THUS,OPTION DATA ALSO REALLY POSITIVE...EVEN IF A TECHNICAL CORRECTION HAPPENS,WE WILL SEE A HUGE BOUNCEBACK AROUND 5066...
I AM NOT SAYING DO NOT SHORT....BUT WHY DO WE NEED TO HURRY AND SHORT IN THIS RANGEBOUND MARKET??
LET MARKET SHOW US THE DIRECTION...WAIT A LITTLE...STOCKMARKET IS ALWAYS THERE...
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Not necessarily... When leveraged buying is done on P notes or any other means, they may need to withdraw their leveraged position... in that case profit booking may happen.. However, This is just a though to provoke a healthy discussion... this doesnot mean I am bullish or bearish... Just a healthy argument to quench a thirsty doubt...
GIRISHJI....GOOD DOUBT.... BUT THE ANSWER IS IN YOUR QUESTION ITSELF....WHEN WILL FII DO THE PROFIT BOOKING ON NIFTY FUTURES??WHEN THEY GET THE SIGNS THAT NIFTY WILL NOT MOVE ANYMORE HIGHER AND THIS IS THE MAXIMUM PROFIT THEY CAN GET FOR THE TIME BEING...
a logical Question Mr. Shyam... Could that net selling in Nifty be profit booking of the nifty bought below 2700???? How can you say that it is shorting??? Just a logical thought... Dont take it otherwise...
HARIJI,SOME BUY BACKS SEEN IN PE,FII ARE SEEN NET SELLERS OF NIFTY FUTURES TODAY...NIFTY IS HAVING LOW VOLUMES...(IF YOU ARE WATCHING ICHARTS,PLEASE HAVE A LOOK...)....RSI IN OVERBOUGHT ZONE AND DIVERGING LOWER....NIFTY MAKING NEW LOW AS TO THE PREVIOUS DAY...LOW VIX AS YOU INDICATED WHICH SUGGEST HIGHER VOLATILITY IN OPTIONS IN COMING DAYS...LOW PUT CALL RATIO...NASDAQ AND FTSE MAKING NEW HIGHS BUT NIFTY STILL RANGEBOUND MEANS FII ARE MORE INTERESTED NOW IN WESTERN MARKETS(OFCOURSE THE LOW VOLUME ALSO INDICATES THAT)BUT MAY SHOW INTEREST BELOW 5080...SO I GUESS WE ARE READY FOR A MINOR CORRECTION NOW...
Why you changed your mind suddenly? Based on what fact and figure? - Todays high is lower than the previous high. - Todays low is lower than the previous low. - The nifty trend in candle stick graph (icharts.in) appears like curving down? - OI data? - Intuition? - 100 day and 50 day SMA moving parallel to each other? LOGIC for your decision please
I WITHDRAW MY QUESTION FROM TODAY...BE IN A HURRY TO SHORT SOON AT EVERY HIGH...IT'S GETTING TO TIME...
Dear Jawed, your last sentence in the comment is nice !!!
Again a very boring day for me My first buy call to nifty at 5115 almost good but the second call to short at higher level 5135 could not success due to very narrow range movement.I think this is the time for vaccation or relax for some days. The market is very cloudy today and so much humidity too.
TODAY I WAS ALSO WAITING TO SHORT AS IT HIT MY CAUTIOUS LEVEL OF 5112 IN THE MORNING...THEN TODAY I HAD TO ASK THIS QUESTION TO MYSELF(WHY I AM IN A HURRY TO SHORT?)..FUNNY LIFE...HOW SOME QUESTIONS WE ASK TURN RIGHT BACK AT US
??
NIFTY STILL DOESN'T SHOW US THE DIRECTION...AGAIN,THAT LAZY RANGEBOUND MARKET...BUT IT IS BULLISH.....VERY BULLISH...
no clue shyam bhai...waiting for iip data...as it seems mkt...RIL moving..
20EMA CROSSES 50EMA FROM BELOW...A CLEAR SIGN FOR MID TERM BULLISHNESS....BUY YOUR FAVOURITE STOCKS AT DIPS ON NEXT CORRECTION WITH SL AT 5030...
Summer season people love shorts...........
This is not the time for fresh buying, wait for the market's direction to confirm. It is advisable to enter new entry on dip, wich is on card. Otherwise, nifty have to cross 5162(FIBO .786) + -10 , and have to stabilize the trade to take new position. Operators will play a foul game to force the confidence against retail traders' attitude.
One more thing u know!! They get information from SEBI where is stpo loss of maximum retail trader. Then move the market to trigger the stop loss only. then saver is destroyer!!!
Syam, I am not talking current instance.Overall it is like that only. After market movement news come. Actually they are making news and news are compelled to drive by them. Withdrawing money and injecting money depend on them. Then what????
MARKET SHOWS US THE DIRECTION,PRABHAS...THERE WAS NO NEED TO TAKE POSITIONS IN THIS RANGEBOUND MARKET WITHOUT GETTING DIRECTIONS....BUT EVERYONE IS IN A HURRY...SO WHO IS STUPID???WE MAKE OURSELF STUPID BY BEING IN A HURRY
...
NF HIGH STILL IS BELOW 5150...THIS IS OPERATOR PLAY...DO NOT GET TRAPPED...STAY AWAY FROM MARKET NOW...NO POSITIONS UNTIL YOU GET THE DIRECTION...
Actually our market is stupid. I mean FII&operator make retail trader&investor stupid. Our gove. jost sold our market to FII&operator. They always take Common people's hard earned money. But our govt. shows without FII our economy can not grow. It is just a trapping maching of common people.
THANKS JK JI...LEARNING FROM ALL OF YOU....WITH ALL GLOBAL CUES NEGATIVE,THIS MIGHT BE A TRAP...WE SHOULD JUST EXIT FROM MARKET AND WAIT FOR FURTHER DIRECTION....NIFTY FUTURES CREATES NEW HIGH...5144.85
One of our member given 7 short call ( from 26th Feb daily giving short call and sl trg) now holding (7th short call) with 20-25 rs loss................
I just want to say, if u are off -track then why r u doing this type of ....................
Shyam very nice thread - WHY IS EVERYONE IN A HURRY TO SHORT??---By Syam Nair
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