Comments on: Dollar Index bounces, Flash Crashes galore

By: zubair

zubair — Thu, 26 May 2011 06:42:34 +0000

hello sir
what is your price objective for nifty

By: Agiletrader

Agiletrader — Tue, 24 May 2011 14:48:25 +0000

Reminiscenes of a Stock Operator is a ‘classic’ – even though the book was first published in 1923, it is a must read for anyone thinking of trading in stocks. My all time favourite.

In Jack Schwagers “Market Wizards”, Reminiscences is quoted as a major source of stock trading learning material for experienced and new traders.

Both wonderful reading material…brilliant selection…:)

By: Jai

Jai — Mon, 16 May 2011 16:39:24 +0000

In reply to Parag.

Parag,

Here are 2 more: 1) Reminiscence of a Stock Operator – this is a classic on Jesse Livermore. 2) Market Wizards by Jack Schwager.

Cheers,
Jai

By: Parag

Parag — Sat, 14 May 2011 02:27:48 +0000

Thanks Jai,

I admire your technical skills! I know you suggested “Elliot Wave Principle” sometime back. If you had to suggest 2 great books on TA, what would be the other?

By: Jai

Jai — Fri, 13 May 2011 10:06:47 +0000

In reply to Parag.

Parag,
So far nothing has changed. After 8 straight days of decline, this corrective move can behave in such irritating fashion, it is normal. I had given room for a bounce close to 5700 but the fact that its stalling under 5600 itself is a sign of lack of strength.

Good trading to you,
Jai

By: Parag

Parag — Fri, 13 May 2011 08:10:54 +0000

Dear Jai,

Last 6-7 sessions has been sideways for NIFTY. Today it has shown strength again & is 5600. What do you think, still it looks like 5200 & lower levels will be tested first before going up?

Thanks & Regards,
Parag

By: Jai

Jai — Fri, 13 May 2011 02:21:12 +0000

In reply to zubair.

Zubair,

Good luck. Any break into the industry should help. Aim to be on the institutional side/ Buy-side, you may not get the break straight away. So do not hesitate start to with retail and progress towards that end.

All the best,
Jai

By: zubair

zubair — Thu, 12 May 2011 15:39:04 +0000

hi sir.
according to your view silver 34.11$ enjoyed the ride thank you

By: Jai

Jai — Thu, 12 May 2011 13:58:13 +0000

In reply to Nitesh Gupta.

Hi Nitesh,

Welcome to my blog. Usually, it is better to go for mean reversion techniques for market neutral strategies. But if you have high confidence WRT timing, one can even use charts. But time is the most difficult component to predict. I prefer to use a combination with more weights given to mean reversion.

Good trading,
Jai

By: Nitesh Gupta

Nitesh Gupta — Thu, 12 May 2011 12:23:58 +0000

Hi Jai

Great to see your views. Just wanted to know you had proposed certain pair trades or long short trades today morning on CNBC.

Do you take a call on them by seeing charts independently of two stocks or you use mean reversion techniques.