2014-Determined to do it

[The Monk.]

If you had NO POSITION wil you still be looking to go long here??
if YES=HOLD

At suupport i might buy or may not buy it depends , but one thing is sure i will not sell at support . if support breaks i will close this position.

 

[The Monk.]

No intraday trades today..
Overnight Long position opened way below stop, was waiting for a bounce to get out, whichnever came ....the only hope is now on rbi to cut rates , which could make the markets bounce back..

 

[Cubt]

If you had NO POSITION wil you still be looking to go long here??
if YES=HOLD

Very well said !!!

 

[NayaBaccha]

I am not an expert but I do keep a track of what every NIFTY stock is doing with an exception of a few stocks that I don't trade in due to low liquidity. I am not sure how you take your positions in NIFTY and I don't personally trade in the index but I do know this for a fact that majority of the heavy weight stocks are in a clear down trend barring a select few and I do not understand the logic behind going long in NIFTY when the stocks that make NIFTY are sliding down.

Al thought I do not believe I am qualified enough or even experienced enough to give you any advise but I can suggest that you should take a look at the charts of every stock in NIFTY and then take a position.

Even though I don't trade in NIFTY but I do know that there is a lot of downside left in the major stocks that are included in NIFTY.

If I was you I would quit the guessing game and do some work looking at the charts of stocks that make up NIFTY instead.

 

[NayaBaccha]

I forgot to mention that I am a newbie and what I said s purely my own understanding. Please feel free to correct me wherever necessary.

 

[Cubt]

Thats right, I feel it's just a start of big downtrend movement in many stocks.

 

[augubhai]

Thats right, I feel it's just a start of big downtrend movement in many stocks.

Feel?? Feelings are tricky. If u give in to your feelings, you will never enter the tiger's den :lol:

 

[Cubt]

Feel?? Feelings are tricky. If u give in to your feelings, you will never enter the tiger's den :lol:

LOL :lol:

Probably i should have put it in this way.

I see most of the stocks started its downward movement :thumb:

also i have noticed couple of times, whenever there is a start of downtrend and if FMCG doesnt go down, its a clear indication that FCMG would move up in coming days. ITC, HUL mainly !!

 

[The Monk.]

I am not an expert but I do keep a track of what every NIFTY stock is doing with an exception of a few stocks that I don't trade in due to low liquidity. I am not sure how you take your positions in NIFTY and I don't personally trade in the index but I do know this for a fact that majority of the heavy weight stocks are in a clear down trend barring a select few and I do not understand the logic behind going long in NIFTY when the stocks that make NIFTY are sliding down.

Al thought I do not believe I am qualified enough or even experienced enough to give you any advise but I can suggest that you should take a look at the charts of every stock in NIFTY and then take a position.

Even though I don't trade in NIFTY but I do know that there is a lot of downside left in the major stocks that are included in NIFTY.

If I was you I would quit the guessing game and do some work looking at the charts of stocks that make up NIFTY instead.

Dear nayabaccha,

even i am not an expert by any means , i just track only nifty thats it..any my analysis gave me an bullish indication thats y i went long....
the issue here he not that i got it wrong...which happn many times before but my not been able to cut the position.... now in such a deep loss i am hoping for a bounce back to reduce my losses...

 

[The Monk.]

Taking a positional Long Trade.

Long 150 NF @ 6328

Risky bet: bought 3 more lots 6158
Looks more like a bottom is in place .
will exit all 6 if market trend lower after policy.