IPOs & Stock market - Discussion Thread

also, fomo happened when 7600 to 8300 went so quickly. those who missed and still on fomo will jump in at any levels. abhi to aur girega is more uncertain (but can’t deny) then chalte chalte yunhi ruk jata hoon main (staying sideways) and chal kahin door nikal jayen is highly likely.

is bob good at current price ??

BSE looks like a good buy

Adani stocks were on fire today 🤘🤘🤘

Shreedigcem Hits Upper Circuit

Holding since 28.35 level.

https://www.cnbctv18.com/energy/subsidy-on-lpg-...

Subsidy 0, so revenue should increase for Gas companies. But that’s in theory. Guys give your opinions on that. Let’s have praises n criticism to this idea.
@guest_999 @BubbleBoyChickenLittle @Awake @Wontdisplaymyname @malikcool @mrKool_JJ @Original apologies for tag. Your opinions!!!

What about ruchi soya? Now it’s hitting LC
Edit:- I don’t hold any shares of ruchi soya.

Guys give your honest review of Finvasia. And NEST vs BEST vs NOW vs Scalpert.
I need opinion on,
1) charts
2) interface
3) stability
4) latency, for scalping purpose

,

Hdfc ltd looks to be promising in the long term. Seeing Stochastic it looks over sold, and looks bullish seeing ichimoku wave.

Apparently Babaji’s Ashirvad is not working on Ruchi Soya anymore 😜🤡

positive global cues,

still nifty closes in Red

If an apology is followed by an excuse or a reason, it means they are going to commit same mistake again they just apologized for.

Maybe the taboo behind the discussion of speculative trading among the knowing ones and ease of availability of discussion in trading among amateurs have given the rise of this situation. I don’t know. Maybe people should lose money to gain experience. Maybe some people should lose all of their money, so that they can be bitter about stock market for their rest of lifetime. Maybe it’s like the patterns on the charts, and market makes it happen, whether we want it or not.
I am really confused now. For example if I go to a discount broker, and start talking about opening an account, immediate reply would be, “where do you want to trade, FNO, Cash segment, Commodity or Currency?”. The follow up question will be, “do you want to do intraday?”. If I go to a full time broker, they will be pushing me to get their advisory, which means asking you to buy and sell on tips. Then, there are stock market trainers. They charge exorbitant prices to give two, three day worth of seminars. I am like, I will become a Pandit in stock market after listening to them, well then why don’t they make that much money in market? Why do they scream for 9-10 hours per session I have no idea. Maybe it is a definite income, like having a 9-5 job. You do 9 hours of work and you get some money, in this case you get a lot of money. I am like okay. Then I see free webinars by Fidai and people like him and get impressed by them. Well, then comes youtube. Every tom, dick and harry get a youtube channel these days providing knowledge about stock market. Some are really good but boring like Nitin Bhatia, and someone are very entertaining like Sunil Minglani and Manoj Kumar Jain, but are full of trash. They keep on promoting about Zerodha, Upstox to get that 20% brokerage commission. Amazing business. Multiple sources of income are necessary, that’s why is being told by P.R. Sundar. And some keep on saying following Warren Buffet is the key.
So, common people are now cornered. Surge of over information might have caused sensory deprivation among some people. Some have become blind, some have become greedy. I am like, whoa!
Ideal evolution among traders are so different. Someone enters in the lure of intraday, like me. Some get ruined and some get saved like me. Some lose all after a while and keep on saying speculation is bad and long term is the key. And some get their hands burnt in both speculation and long term trading because of some bad decision. I don’t know, maybe luck plays a role too. Then come people like Jim Simons, net worth at 20 Billion USD. Not bad, not bad at all.
Telegram groups say, we will give you 90% accuracy, well his model is based upon 50% accuracy at all. Maybe he is lying. But I did this math. Say, my target gives 350 rupees as profit and 250 rupees as loss. So, if my model works in 50:50 way, then I will be 5000 as profit. My risk to reward is 1.4. For a beginner not bad. Well, for a good trader the accuracy level must be pretty high. Say 60-40, the profit becomes more legendary, 11000 rupees after 100 speculative trades. Not bad at all.
People maybe fall for those nonsense 90% accuracy trap and become emotional and lose money. Not many people talk about Jim Simons, they won’t give that 50-50 model.
So, like any job, any well paying job, speculation demands a lot of thing. And long term investment requires proper vision, except in some index funds.
Well, in the closing words, I would like to say, the world is changing. The way people invested years ago and they people speculate/invest now have changed. They keep on changing. And all one has to adapt to one model. That’s it. One should not give up trying like in any career. Time and money are in limited supply, use, invest, speculate up on em wisely. A Navy SEAL, whom I know over Instagram, says don’t try to sideline things. Do one thing properly at a time. He is right.

Now have to use TPIN for cnc orders

half of the nifty stocks have crossed 50 dma, nifty needs to stay above 9445 for 50 dma. macd is above signal line. are these false positives or we are really going ahove 10k very soon? wait and watch. stay cautiously opstimistic. don’t over-leverege, don’t run blindly.

wow, we are finally trading above 50 dma after long time. why 10k is on cards? because 100 dma is around 10070. so now 20 dma becomes resistance and we may aim for 100 dma. play the trend. just that markets shouldn’t correct in 2nd half and continue momentum. nahi to fir wohi upar neeche ka khel chalta rahega.

Guys watch the last 8 mins of this video

Jai ho market ki.   Booked my 80% swings.

Kis-kis ka lottery lagi ya phir fati in Idea today?

nifty, bank nifty, most fno stocks are trading at heavy discount on futures (by now most telegram, twitter, whatsapp posts are filled with this info).. this either happens when there are dividends coming or large players open fresh short positions. dividends are unlikely, shorts are more possible. though all technicals are still showing uptrend, stay cautious. something is cooking and it is big. i myself booked profits in half of my portfolio. lets see….

GDP data better than expectation

Guys, have you seen the new Zerodha Charts??? Bhai dill khush hogaya.
Use Chart IQ charts, there is an indicator known as candlestick patterns. See the magic .

these 6 technical chart indicators added

1. Candlestick patterns on the chart
2. RSI divergence
3. MACD divergence
4. Stochastics divergence
5. Stochastics RSI
6. Central pivot range

i have quick cheetsheet on how to read candleatick by a layman on another mobile, will post tomorrow morning. also rsi divergence is better indicator than candlestick imho. yes it failed in downtrend of march but so did all indicators. please study rsi divergence, you’ll learn how to mint gold.

The thing with indicators is, you gotta remain flexible, you know. The thing works right now might not work the next moment. Ex: my system MACD, Stochastic Mtm indx, William %R( logic is one lagging, two leading indicators gives more precise prediction), when vix was really high, used to give me extremely good signals. As I do Nifty n Banknifty because of low lot size, good volume and good volatility ( because I am a newbie), the setup gave me 40-50 points after every signal, of which I could scalp only 20-23 points (don’t be greedy) from em. These days the setup works, but not so good. These days I follow another setup consisting of ATR trailing stoploss and supertrend(Some say it Trend Trader Karan replica, I saw it in some YouTube video). I take 5-6 points only. I have tried to trade those overbought (80) and oversold (20) regions of RSI with some moderate success.
So, time to time, things ll change, you gotta be more flexible in choosing your system. Don’t be afraid of switching from one to another.
In Zerodha the setup can be saved in different preset, I have 5 different saved views.
If one knows price action then one can ignore indicators and use only pivot points. My capture of price action is not matured yet.
And my system is suitable for 10-15 min scalping, in Nifty n Banknifty, other types of speculators might use a different setup. 🙂

zerodha has rolled back all 6 indicators. anyways, booked profits, now 100% cash. let market go anywhere now. i will still stick my neck out and say 10k may come 1st then 9k, may be we don’t go there completely… let’s see.

https://cdn0.desidime.com/attachments/photos/61... (use this for clear view)

Hum itihas isilye likhte hain kyonki itihas khud dohrata hai..

@Dastro aapko kuch dikha? Koi trend repeat hota hua?

Chart courtesy Pattu ji freefincal wale.

PR Sundar 🙂
https://mobile.twitter.com/PRSundar64/status/11...

https://www.reddit.com/r/IndianStreetBets/comme...

I assume, these are just retracements and operators play for news – ease of lock down.

Q1 results will give better picture for the trend i guess. Literally ZERO business over the last 2 months for few sectors should show effect in numbers.
And we are in the last month June of Q1 and still lock down.
Except IT and Pharma , all others will have to take a hit.
Banking is like beating a dead cat – read Moratorium.

But finally markets may go anywhere. Wild guesses wont win anytime.