Do you play the stock market

lambuhere1 · 5th December 2008, 08:51

Quote:

Originally Posted by kuttapan

NDTV goes up by close to 30% since I picked it up last week. All thanks to the hysterionics of a certain lady reporter?

ECM - Why do you blank out the software name, that too after offering to post all your trades in here? Some super secret software?

Also, how does one start to learn technical analysis?

I believe its metastock. There are many softwares that can give you the technicals. Correct me if I am wrong ECM.

Learning techincals is a bit easy if you can understand the charts and numbers. Thats all it is. PM me your e-id, will send you a couple of books on the same.

Hope this helps

ECM · 5th December 2008, 09:07

No I don't use MS,infect I hate it.
Most of people laugh at you when you speak of TA(tech.analysis)but when makret is down or at sky high-they come to you or try to find top or bottom with TA,this is fact.
My system is almost full proof and it is a result of my hard work and many nights which ended around 4 am in weekends,stocks are not my main source of income by the way,I have my own business but somehow I love commodities and stock market since long time.
When you use TA one has to adopt a strict discipline and use couple of system togather to find your trade.The winning stratergy is make a combo of good and solid funda companies and check them with TA,this will bring a sure result for you.
First one needs a good data source for stocks and commodities,I have the one which is the best,get a good software to plot datas,prepare notes before market opens and stick to it.If anyone want to learn intraday technic using TA I am ready to help them and in this case keep watching this space,step by step-sooner or later you will find a way to hit your sure goals in market.

ravibhat · 5th December 2008, 14:12

Looking into today's trend Market is finding high resistance around 2840-60 which is very difficult to achieve because today max we reached is 2820. I have exit all my longs.

Right now we need to wait and watch. I feel again market will test 2500 levels and bounce back to higher levels. this is range bound market and few news like package/Rate cut etc.. making market highly volatile :(

Regards,

Ravi.

Sudipto-S-Team · 5th December 2008, 17:57

In the language of financial journalists, this is called "weekend jitters of a nervous bull."

I am neither a bull nor a bear. I am just an ordinary observer. I just think downtrodden blue chips will always rise tomorrow or day after. And I think the movement of the index and stocks cannot be predicted beyond very short term movements over a few hours during highly volatile periods.
Incidentally I think we have moved way off topic from the original discussion/question and it's high time we started a thread called "where do you think the Nifty will go tomorrow"?

ECM · 5th December 2008, 19:58

Fuel price cut announced.Interesting days ahead!

rjvora_2000 · 6th December 2008, 11:37

Quote:

Originally Posted by ECM

Fuel price cut announced.Interesting days ahead!

They told Rs. 10/- first and then what they have done is Rs. 5/-.

This Indian politician has a habit of over commitment and under performance.

ECM · 6th December 2008, 14:16

Nah this is a political move,expect another cut around election time.

Quote:

They told Rs. 10/- first and then what they have done is Rs. 5/-.

This Indian politician has a habit of over commitment and under performance.

Sudipto-S-Team · 6th December 2008, 14:22

I think from the market point of view all this news (fuel price cut, rate cut etc) have been discounted and worked into the prices.

ECM · 10th December 2008, 15:23

Discounted item was not the uptrend but the downtrend,when CNBC and all chartist projects 5500-6000 sensex,common sence tells me to go long!

Quote:

Originally Posted by Sudipto-S-Team

I think from the market point of view all this news (fuel price cut, rate cut etc) have been discounted and worked into the prices.

You decide now,I wrote 3211 and right now we are at 2928.

Quote:

Originally Posted by Sudipto-S-Team

Was it 3211 or 2211? It is going in that direction to be sure and not too slowly either. I don't know why some people love making baseless predictions that get proven wrong virtually immediately.

How did you know it?

Quote:

Originally Posted by BaCkSeAtDrIVeR

Probably, their job application was rejected by the meteorology department. And worse, the post of astrologer on all TV channels was full.

The nifty is 2616 as I write this.

sanjaymugur · 10th December 2008, 16:01

Quote:

Originally Posted by ECM

when CNBC and all chartist projects 5500-6000 sensex,common sence tells me to go long!

ya, by being a contrarian of CNBC & those stupid TA's( technical analysts) on that channel people can simply mint money..
there are separate TA's for BULL & BEAR mkt conditions .. LOL..

Quote:

Originally Posted by ECM

You decide now,I wrote 3211 and right now we are at 2928.

cool.. your are right & i appreciate it...

Sudipto-S-Team · 10th December 2008, 19:37

I knew this thread was going to be revived today !! And a lot of "I told you so" might be heard. Great show.

ECM · 10th December 2008, 20:37

I appreciate your 6th sence.

Quote:

Originally Posted by Sudipto-S-Team

I knew this thread was going to be revived today !! And a lot of "I told you so" might be heard. Great show.

ECM · 11th December 2008, 09:47

Last night Crude oil and Gold went up and that gives some kind of a feeling that one should play safe hence I have decided to use strict stoploss of my current long positions which can be at 2901 Nifty cash levels,when Crude and Gold both went up that means some uneasiness or tention.better to play safe than saying sorry.

lambuhere1 · 11th December 2008, 10:42

8 Really scary predictions

8 really, really scary predictions - Nouriel Roubini (1) - FORTUNE

rjvora_2000 · 11th December 2008, 11:02

Quote:

Originally Posted by lambuhere1

8 Really scary predictions

8 really, really scary predictions - Nouriel Roubini (1) - FORTUNE

nice information

View Poll Results: Stocks as a percentage of my net assets are -
0 - 25% -- I'm like the most conservative Indians. I love FDs.	396	32.25%
26 - 50% -- I have a few stocks.	550	44.79%
51 - 75% -- I'm an active trader.	201	16.37%
76 - 100% -- Hey, I'm an i-banker!!!	81	6.60%
Voters: 1228. You may not vote on this poll

5th December 2008, 09:07	#947
ECM BHPian Join Date: May 2006 Location: Somewhere Posts: 226 Thanked: 15 Times	No I don't use MS,infect I hate it. Most of people laugh at you when you speak of TA(tech.analysis)but when makret is down or at sky high-they come to you or try to find top or bottom with TA,this is fact. My system is almost full proof and it is a result of my hard work and many nights which ended around 4 am in weekends,stocks are not my main source of income by the way,I have my own business but somehow I love commodities and stock market since long time. When you use TA one has to adopt a strict discipline and use couple of system togather to find your trade.The winning stratergy is make a combo of good and solid funda companies and check them with TA,this will bring a sure result for you. First one needs a good data source for stocks and commodities,I have the one which is the best,get a good software to plot datas,prepare notes before market opens and stick to it.If anyone want to learn intraday technic using TA I am ready to help them and in this case keep watching this space,step by step-sooner or later you will find a way to hit your sure goals in market.
	() Thanks

5th December 2008, 14:12	#948
ravibhat Senior - BHPian Join Date: Jul 2006 Location: Bangalore Posts: 2,256 Thanked: 37 Times View My Garage	Looking into today's trend Market is finding high resistance around 2840-60 which is very difficult to achieve because today max we reached is 2820. I have exit all my longs. Right now we need to wait and watch. I feel again market will test 2500 levels and bounce back to higher levels. this is range bound market and few news like package/Rate cut etc.. making market highly volatile :( Regards, Ravi.
	() Thanks

5th December 2008, 17:57	#949
Sudipto-S-Team Senior - BHPian Join Date: Jun 2007 Location: Kolkata Posts: 1,320 Thanked: 290 Times View My Garage	In the language of financial journalists, this is called "weekend jitters of a nervous bull." I am neither a bull nor a bear. I am just an ordinary observer. I just think downtrodden blue chips will always rise tomorrow or day after. And I think the movement of the index and stocks cannot be predicted beyond very short term movements over a few hours during highly volatile periods. Incidentally I think we have moved way off topic from the original discussion/question and it's high time we started a thread called "where do you think the Nifty will go tomorrow"?
	() Thanks

5th December 2008, 19:58	#950
ECM BHPian Join Date: May 2006 Location: Somewhere Posts: 226 Thanked: 15 Times	Fuel price cut announced.Interesting days ahead!
	() Thanks

6th December 2008, 14:22	#953
Sudipto-S-Team Senior - BHPian Join Date: Jun 2007 Location: Kolkata Posts: 1,320 Thanked: 290 Times View My Garage	I think from the market point of view all this news (fuel price cut, rate cut etc) have been discounted and worked into the prices.
	() Thanks

10th December 2008, 19:37	#956
Sudipto-S-Team Senior - BHPian Join Date: Jun 2007 Location: Kolkata Posts: 1,320 Thanked: 290 Times View My Garage	I knew this thread was going to be revived today !! And a lot of "I told you so" might be heard. Great show.
	() Thanks

11th December 2008, 09:47	#958
ECM BHPian Join Date: May 2006 Location: Somewhere Posts: 226 Thanked: 15 Times	Last night Crude oil and Gold went up and that gives some kind of a feeling that one should play safe hence I have decided to use strict stoploss of my current long positions which can be at 2901 Nifty cash levels,when Crude and Gold both went up that means some uneasiness or tention.better to play safe than saying sorry.
	() Thanks

11th December 2008, 10:42	#959
lambuhere1 BHPian Join Date: Oct 2005 Location: @ Driver's Seat @ Posts: 708 Thanked: 106 Times	8 Really scary predictions 8 really, really scary predictions - Nouriel Roubini (1) - FORTUNE
	() Thanks