Trading Farmers ! Bollocks.. Bollocks.. & More Bollocks...!!!Hi Guys,
Its time already to post for Nifty but I'm still typing the content here, Sorry for the delay. Today we got 3 points to discuss, (i) Nifty analysis (ii) Farmer's who Trade (iii) Corporate News events & how they hustle your money !
(i) Nifty analysis :
Actually I expected Nifty to move in channel shown above but it gapped up. Anyway, being expiry day I'm more in favor of range with post-lunch session with volatility due to expiry, But taking out 8820's or below support zone - the chances are lesser. Probably if we get pullback around 8780's & on bullish reversal we can go long in Nifty vice-versa for Shorting Nifty @ 8820's, always go with stops as per your plan only after valid confirmation. If nothing happens take a day off n B relaxed !
(ii) Farmer's who Trade :
Surprised ?? Don't be surprised, our farmers are trading according to NCDEX (Md)... To take My point further I quote part of an article from Business standard "Mcx introduces options trading" -
" Samir Shah, managing director and chief executive officer, National Commodity and Derivatives Exchange said, “For farmers, it will be a game changer. It would help them sell their produce in the derivatives market and, thereby, get the benefit of price protection in case price falls below their cost of production and also derive benefit of any rise. Options are also a much better hedging instrument compared to futures." To be honest, those guys edited the article by midnight, actually when I read last evening it was" Farmers can use options, so they can protect their crops. But for options we need risk-takers, so hedge-funds / institutions will accept that risk, protecting the farmers ". Unfortunately they edited article by midnight so you guys cudn't read that.
Wow... How sweet ? Corporates/ Sebi board members do have Big heart n helping tendency to protect our farmers. They take the risk, so farmers will be protected. You know its middlemen n big guys who make real money.
We are from great country, where our farmer's know how to trade in stock market, that too in options by understanding Greeks behind options - you know our farmers are Intellectuals so they know option Greeks as if its like irrigating farms. Our farmers are literates who operates computers.
I'm very much annoyed & angered by the comments made by board member & irresponsible publication, Here Our very own farmers are dying in Vidarbha (Maharastra), & here down south cauvery is drying n Farmers livelihood is questionmark. And these Board members are making irresponsible statements about farmers. Same as politicians who do politics over essential water n burn buses for cauvery disrupting public life. No farmer burnt bus or involved in violence, Our farmer is struggling for daily meal, then how he can protest ?? Politicians disguise as farmers n do atrocity for votes, Corporate's/Board members in name of helping farmers planning to make money. Ashamed by those senseless people.
Note : I have no interest in politics & the board member could have simply told - we are introducing options in Mcx also.
