Bulls, Bears & The Lion

[findvikas]

Buy TCS NOW, SL 692 Tgt 775
Time frame 3-4 sessions


F&O can be played but if buying in Options then buy ITM or OTM for next month

EDIT: TCS was at 722, when suggested to buy NOW

 

[trade4putuval]

Bearish does not mean 100% stocks will go negative..
It's called cherry picking.

Yaa, thats there. But two weeks back, I had a similar news when I brought the stock at 54, 200 shares. Then I sold all of them at the average cost of 59. At the moment, news was around that the stock would touch 75, but it encountered strong resistance at 61 or something.

Now I am hearing this news again from you.

Rajiv

 

[findvikas]

Yaa, thats there. But two weeks back, I had a similar news when I brought the stock at 54, 200 shares. Then I sold all of them at the average cost of 59. At the moment, news was around that the stock would touch 75, but it encountered strong resistance at 61 or something.

Now I am hearing this news again from you.

Rajiv

Its positional and not a swing trade, you have to give it atleast 15days or even a month.. that's why I said ONLY CASH

 

[findvikas]

ok day is over... we will settle above the yesterday's settle which is actually a bad thing and since 5200CE @ 28... I am buying 2 lots of it. 2800 rs mein kya jata hai.. thoda mun ki shanti

 

[atulaw]

Some mutated weird version of inside bar has been formed. Breakout tomorrow?

Edit: On day timeframe.

 

[findvikas]

Some mutated weird version of inside bar has been formed. Breakout tomorrow?

Edit: On day timeframe.

Every possibility.. that's why I said we MUST break 5000 tomorrow and suggested to take 5200CE @ 29-28

 

[trade4putuval]

Every possibility.. that's why I said we MUST break 5000 tomorrow and suggested to take 5200CE @ 29-28

Was away from desk again!
Sad I couldn't take the stocks you recommended nor the call option.
Chalo! dekhte hai kal kya hoga!

Have a nice evening!

Rajiv

 

[findvikas]

US Market Update

Jobless claim increased.. (as the analyst put, unexpectedly increased). All they need is some trigger to pull market down/up. Otherwise they might have said... claim increased but below market expectations and market would zoom upward .

Anyways.. US is fighting with critical support line.. DOW is way up from March low's trendline while $SPX which gives better picture of broader market is just kissing the trend line coming from march lows on daily chart.

A breach of 1098 can take market down by another 1% and US might close around 1.5% to 2% down today. There is no good news in near future to lift the sentiment and US dollar is hammering down the equity market sentiment badly/globally.

Another 1 hour will be crucial to see... lets enjoy the fun tomorrow

 

[findvikas]

Holy cow... while I was writing, it actually broken the support this time but closing below is what I am watching for...

 

[findvikas]

$SPX has finally broken past the crucial support and trading below that with heavy distribution on 1min chart. Nothing is alarming yet until we see a close below this mark and a open tomorrow below the support line.