Weekly trading diary : January Week 2 : 8 - 12 Jan, 2018

Nifty should consolidate in the 10500-650 range. Vols should go up as the budget approaches. So buying Feb strangles/straddles looks like a good idea. Also I expect Nifty to break out post budget so OTM calls for feb and hold post budget.

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Overall good time for intraday :money_mouth_face:

What is your view about RCOM on Monday??

But I read somewhere that since commodities market is a global market it’s not easy to manipulate as compared to equities.

Many commodities like agro are Indian based whereas crude is imported so global.

Commodities are highly manipulative & speculative than stocks. Big institutions, govt, market makers control commodity prices.

Its not just demand n supply figures but more than that.

If u are not in urgent need of money, keep holding.
Good for long term.

For short term, technical view is it has resistance in the range 285- 290 levels.

If it crosses that range, it can head to 295 - 310 levels.

If after crossing the resistance range of 285- 290, it is unable to sustain above 285 levels on closing basis then it can slip back to 270- 280 range until it shows further up move.

Currently it is trading at 278 , you can put a Stop loss at 274 & buy back at lower levels.

Fundamental view is it needs some trigger for upmove. It can be some upcoming happenings by govt.

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ThanQ @Spaceship Yes, I want to hold for some more days. If it got 295+ then I may sell.

You can hold Coal India for long term. It is a dividend paying stock. As Spaceship said, it needs some trigger by the government. We might see something in 2018. Continue adding on dips.

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Hi,

Like this weekly trading diary, why can’t we have a portfolio review kind of group where people will share their portfolio stocks with each other and discuss more about it?

:slight_smile: Thanks Srikant

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Yes, u create a thread. :+1:

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What are your ideas on Nifty options for the upcoming week?
Has anyone played around longer dated options (eg feb/mar expiry in this case?)

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@Tintin merge this topic in our weekly trading discussion.

Nifty 18Jan 10700 CE is more volatile. I am trading on that @Robb

https://zerodha.com/2017/

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Karnataka bank can give good positive move in coming week.

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@nithin, Congratulations to Zerodha.

I have a question guys.
If someone is good at Analysis of stock.
How he/she can use this skill to Start his/her own Stock Recommendations Startup???

Is this possible?
If yes, what are the Legal procedure to Start this?

Hmmm. I will speak bitter truth.

If someone is good at stocks analysis, he wont waste time setting up recommendation services etc etc. Rather he would prefer to become a billionaire by trading his own stock analysis than making others a billionaire by doing charity. Yes charging small fees for making them earn unlimited can be looked as a charity.

Secondly, a person only chooses to be a tips provider because he’s not good at making money through trading! :smile: So the idea is to also not allow other people to make money by first looting good money as fees from them & later making them suffer good losses in trading by useless tips etc. So a tip provider makes good safe money by giving Paid Gyaan which otherwise is freely available in india!!

No matter when anyone starts learning basics of stock markets trading, he reads this line many times. That is, Stay away from tips!

And still people continue to fall trap to it. And some of the loss making traders turn to become tip providers. While many of the traders keep changing tips providers.

Best business is to become a broker by offering quality services at lowest price.

Zerodha has much more left to do as a broker. They can offer alot more & it will quickly flood them countless customers in no time.

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There is a famous quote “Billionaires comes in Rolls Royce to take advice from People who travels in Local train”

See Not everyone have money to invest in stock market to become a Billionaire.

To become Billionaire One need money.
And we all know To Earn Money from stock market we need money to put into market.

But If someone have decent knowledge.
Why not he help others to make some money and he should also make some money.