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Posts Tagged ‘ NIFTY Technical Analysis ’

Jan 10
Monday

India Crashes

Filed under Stocks

Our portfolio is looking better with India’s 2 day crash. Down 2.8% Friday and another 2.4% today. For those who follow our trades, we shorted NIFTY way back, hedged with a long Nikkei. Our Nikkei longs were stopped out to protect our profits at levels significantly lower - lesson is to not have stops with hedges, contrary to common belief. I know many readers would simply move on after reading that line. Our effective short level for NIFTY after taking into account our long DJ and long Nikkei hedges is 5665 (excluding $29k profits the shorts were opened at 5375).
We will close $25/point NIFTY at 5735 (for a loss of $9k), leaving $75/point on the table. Lets hope for a dead cat bounce tomorrow to re establish our shorts.

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Protected: Short Update:
no responses - Posted 09.22.10
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India SENSEX 10% Upside to go!
no responses - Posted 09.08.10
India at 31 Month High - no major resistance from here to 2007 highs. Double Peak here we come! An article from http://profit.ndtv.com: Daryl Guppy of gyppytraders.com said that "the Sensex might touch 19,500 level and pull backs to 17,500 level should be used as a buying opportunity". Capital goods index saw a gain ...continue
Go China Boo India !
no responses - Posted 02.08.10
Long $2 China H-shares at 10988, short India's NIFTY at 4755 $4/point. Also close $10/point NIFTY India at 4755 (opened at 5000), taking $2400 profits net spread continue
Taking Profits on NIFTY Shorts
no responses - Posted 01.22.10
We opened a $10/point naked short NIFTY at 5130 yesterday with a stop at 5180. NIFTY is now at 4945. We will close out this naked position for a nice $1800 (after spread) profit. Screenshot of our shorts from yesterday (we only did $5/point in our personal portfolio). continue
Protected: Trading Laws of Relativity
no responses - Posted 01.21.10
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Short India Hedged China
no responses - Posted 01.20.10
Short NIFTY $5/point at 5200 ; long China H-Shares $2/point at 12250. continue


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