Hi Vimarsh,

That is the right approach. Always focus on the risk you are taking to attain an amount of return. If you cannot get atleast 1.5 to 2 times Reward to risk setup, let the trade go.

Best,
Jai

Today, i did a quick short trade in Crompton Greaves..I saw your inputs on TV suggesting support at 190/185 levels..

Now, is it worth reentering in CG at 205 level or i should religiously wait for a technical bounce back at 214/216/228(not sure on levels). From (bad) experiences i learn that its better to let go an opportunity then to get into a mess..and hence just getting cautious for reentry..

warm regards,
vimarsh p vasavada

The speed of the move is going to be important from here on Rut – up or down. DLF and other real estate stocks look to me as if they are in their final leg of decline, though I cannot say with confidence they may have bottomed. SBI I think will remain in the range of 2550-2040. So closer to the top of the range, it might make sense to sell and at the bottom of the range to buy.

Good trading to you,
Jai.

Hope u r well.

Just wanted to pick your views on the Nifty ?

I have also bought some serious quantity of DLF at 231. I just think fundamentally that the worst is behind them, Technicaly your thoughts sir ?

Also shorted a serious quantity of SBI.

Thanks for your time and help to us new comers. G’day

Regards

Yes.. Optimus as in Optimus Prime.. Quite impressed by him…

Just wanted to ask one thing .. Will the markets make new year lows before bouncing up or will it bottom out at around 5400-5350… Because all romours say tht the markets are thought to be reigned by the bears….

For this input and also for the Tradition video 🙂

Hi Vimarsh,

You know you are right when the price moves in your direction and puts little or no heat on your stop.

Best regards,
Jai

Hi Optimus,

So far that seems to be the case. As speculators, we should anticipate the moves but if it doesnt turn out the way we expect, we have to change tack.

Good trading to you,
Jai

PS: optimus as in optimus prime? 🙂

For the sake of simplicity, let me say that unless 5944 is taken out at close, a new up trend is not likely and the medium to long-term would remain lower.

Best,
Jai.