Trade Post and Comments

Thanks guys for your comments. However I did not mean that you write 'thanks' comments. What I meant and expected is that you guys also contribute to the discussion. Not necessarily by some new information but by way of questions, critical comments. You can also write what do you think about the charts I post. You can also write if you have questions about some particular stock or index. Most importantly you can let me know how do you want this blog to shape up.

Idea is, I am not a professional blogger and I just pen down my thoughts in a haphazard manner. There is no order, no sequence and no one to look at the larger picture. You guys are the observers and you can guide me if something is not right. So write something on that line. I actually never thought, but this blog, if made properly, can be a good starting point for many people. This may not happen overnight or in few weeks but if I continue to write for whatever time I am spending now then may be in a few months or in a years time, this blog can be a good resource for many new starters. You guys can help me in it.

As for the trading post, then Markets did not go up for Euro Summit outcome as everyone believed. I also expected some sort of minor rally at least; before a correction of our liking happens. The time has not run out still. US markets are slightly up as of now and we may see some sort of spike in our market too before we get some retracing.

Today morning I tweeted about 5300 PUT being below 80 (it is updated on blog page automatically). I would have planned an entry around 70 level but sadly it did not come today. I believe we may still get that chance. If not and if you want to open a position quickly, 5200 PUT is also good option. Current level is about 50 and Risk for a lot would be limited to around 2500 Rs. Not bad.

Will write MA post and how to trade with them soon. Happy trading and keep commenting.