Delivery Calls
- Thread starter Jai.Shewaramani
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Well, Judemit gave the fundamental reason of the fall in Bajaj Auto. So that should have cleared your doubt. Bajaj Auto's main support was @ 3010, which was broken today. Now the support lies between 2800-2850. Look for buying oppurtunities at this level. But for the mean time, be away from this stock.
As far as Sensex is concerned, I'm not really happy with the way Sensex has behaved in the last 4-5 trading sessions. I smell something cooking. My advice is caution. The market is overheated. The most important support is 12,100 now. If that is broken, then we might see some major action (possibily a replay of May 2006). If you recall, before the crash in May, Sensex closed on a possitive note for 9 consecutive trading days. I'm not saying that it's the same behaviour right now, but it does give you something to think about.
Trade with strict stops and always exit at your targets.
Remember, An oppurtunity lost is better than capital lost.
Regards,
Jai Shewaramani
As far as Sensex is concerned, I'm not really happy with the way Sensex has behaved in the last 4-5 trading sessions. I smell something cooking. My advice is caution. The market is overheated. The most important support is 12,100 now. If that is broken, then we might see some major action (possibily a replay of May 2006). If you recall, before the crash in May, Sensex closed on a possitive note for 9 consecutive trading days. I'm not saying that it's the same behaviour right now, but it does give you something to think about.
Trade with strict stops and always exit at your targets.
Remember, An oppurtunity lost is better than capital lost.
Regards,
Jai Shewaramani
Basing your entry on just MACD is kinda risky. I would probably wait for a dip to 36/36.50, and then buy with a stop of 32. On the other scenario, the ideal situation of entry would be if Mahabank fails to break above 39 for a couple of days, then you could base your entry on the break of 39.
Regards,
Jai Shewaramani
Regards,
Jai Shewaramani
Hello Durga,
Thank you for your compliment.
Mercator Lines short term target is 47/47.50...You can look to add on to your position @ 40.50 with a strict stop of 36. However, IF 48 is broken then we should see 52.
Shringar looks to be heading towards 75. You can add on to your holdings ABOVE 67.70 with a stop of 54 for target 75. However, if 54 is broken before a buy is initiated plz inform me so that I can give you the new entry level. My advice is not to add on to your holdings for Shringar at the moment because the risk reward ratio is not favourable.
My personal preference for Shringar is to buy dips @ 50/52 levels with a stop of 44.40 and target of 62.
Regards,
Jai Shewaramani
Thank you for your compliment.
Mercator Lines short term target is 47/47.50...You can look to add on to your position @ 40.50 with a strict stop of 36. However, IF 48 is broken then we should see 52.
Shringar looks to be heading towards 75. You can add on to your holdings ABOVE 67.70 with a stop of 54 for target 75. However, if 54 is broken before a buy is initiated plz inform me so that I can give you the new entry level. My advice is not to add on to your holdings for Shringar at the moment because the risk reward ratio is not favourable.
My personal preference for Shringar is to buy dips @ 50/52 levels with a stop of 44.40 and target of 62.
Regards,
Jai Shewaramani
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