Gains !!!!!

[pranayd]

Well said Ganesh....and keep up the good work

Pranay

 

[dominicsp]

Hey Ganesh,
I did some mistakes out of desperation and sold BOI and Mphasis too early... but no regrets, will take ure ideas seriously and work towards it.
Thanks

Regards
Dominic

 

[shrinivas]

Some stocks were above last three trading session highs....
but still the market may slip out, so I would not name them here....according to tech analysis, one can enter them, but i suggest to wait....

if nifty comes to 3000 levles again, I would enter these counters...good trading money peeping in..

all the best !!!!!!!!!!!!!!!!!!

ganeshhity

 

[shrinivas]

How i understand that markets are coming down or not ????

I enter 3-4 trades with strict stoplosses, if most of it gets triggered, I understand markets are coming down.......

Today, I can see nifty and sensex down, but non of my stop losses got triggered...I had bought ashok leyland at 33(coupl of days back)...sold it at 35 today....i entered ITC today at 166 levels, the stop did not get triggered (maybe I entered at the end of the market)...then in the morning I entered balrampur at 90 level..it closed at 94 levels, so i feel that there is no problem in couple of days...

Still, trade wisely with caution and stop losses in place....

all the best



ganeshhity

 

[dominicsp]

Hey Ganesh,
Thats amazing that I too enetered the above three stocks and exited from AL and Balrampur, still holding ITC which I had enetered at 167.30.

I think I'm doing good if my picks are similar to people like you whom I admire and follow closely.

Any thoughts on the new IPO GMR
Regards
Dominic

 

[shrinivas]

Hey Ganesh,
Thats amazing that I too enetered the above three stocks and exited from AL and Balrampur, still holding ITC which I had enetered at 167.30.

I think I'm doing good if my picks are similar to people like you whom I admire and follow closely.

Any thoughts on the new IPO GMR
Regards
Dominic

I do not intend to enter GMR...let it get listed, it may come down.......
and yes, I checked the news, though the markets were down slightly, the midcaps and some others were up..........

and moreover, you know the funda of prev 3 day's high/low by traderji..that has not been breached, that makes me think that we are safe in this particular trade...

I'm exitting my trades at profits and re-entering at levels which are pre determined by me.......if the markets are in real negative mood, i still wait and enter with some uptrend..that's all...no rocket science my friend..


all the best...

ganeshhity

 

[shrinivas]

Hi all,

I had entered balrampur at 90 just few trading sessions back.....i think that was the bottom of that particular stock....i had bought 500 of it...had sold 100 early in the 96 range..exitted from rest today at 105............I was discussing with some senior 5-6 days back about the trading strategies...I had told him that i would be entering balrampur (at 90)....I then entered....I had 3 strong strategies in mind...

1)A strict stop loss, which went on increasing with each upward move in the stock......

2)To exit if last 3 days lows was broken..

3)To stay with the stock till last 3 days highs were maintained..

This strategy is generally followed by Traderji......

The last 3 days lows are not broken today...I did not at all intended to exit the trades, so had put a unimaginable figure of 105 to sell....amazingly it got triggered and i was out of trade at profits.....

Moreover, I had done some intraday trading with this stock....this was showing strong moves, i took advantage of that........

The stock has still not broken last 3 days low...infact it is showing upside move and breaking 3 days highs at regular intervals.........so this was the time to stay with the stock, but i may be travelling out today and may not be in touch with net for 4-5 days...i do not trust the markets as of now, so booked profits today....I do not hold any stocks now....

Others...keep an eye on this one........

recently also booked profits on ashok leyland and ITC....

All the best...and thanks for belated birthday wishes somewhere else on this site...

ganeshhity

 

[shrinivas]

Ahhhh...just as i was reading some good stuff elsewhere....

I could see that sensex managed a close above 11000....but it should close above 11081 for consecutive 3 trading sessions this week and hence we can think of retracement from the 12600 levels....but markets are smart inuff to give shocks...so maintain a strict stop loss......if sensex manages to close above 11081 levels, 11200 and then 11705 would be worthwhile watching..a successful close above 11200 should lead us to path of full recovery from where we fell...but i strictly doubt that...I believe, we could see the downside befor we manage the 11200 levels......

Sensex has left 2 gaps downside 9589 and 10252....still a fall and close below 10560 would take it to the range of 9982-10252 range......a close below 10252 would be drastic....

a firm close above 11200, and I'm proved wrong..

all the best...Trade wise...

ganeshhity

 

[shrinivas]

Balrampur and Bajaj Hindustan.....

Well, two big giants of sugar pack....I was playing steadily..entry exit entry exit into these stocks..all trades wisely and in profits...I had emptied my bags quite sometimes back and entered today in full swing in both of these

Balrampur entered at 99.50
Bajaj Hindustan entered at 324

But amazingly both shot up and I've booked profits an hour ago

Balrampur sold at 104
Bajaj Hindustan sold at 343

Still I did it as I got the benefit of intraday trade (less brokerage)...But current levels of Baja Hindustan seems good for picking it up....at 330-335 levels it is a good buy....and if it dips further, it can be picked up at 310-320 levels...

with balrampur, one can wait till it touches the 95 levels......


Guj ambuja can now be entered at a pull back....I had booked profits of ashok leyland at 35...waiting for it to come down now..it is trading at 40 levels now....

Let us see the markets as of now...It has suddenly entered the overbought zone......lot of steam inside, let us wait for a tonk as of now....a fall, strong or soft will make me enter again...

all the best,,

ganeshhity

 

[shrinivas]

have a look at the charts...I did not have much time..quite busy these days.. is there a pattern of trend reversal...A DOJI...????

Well i'm not sure...but i presume, there can be drastic moment either ways depending upon the monday moves....

seniors correct if i'm taking something wrong.....

I'm afraid, a sudden dip may take markets much below of current levels.....
but if markets show bullishness, it can go much highs.....
I believe the market may fall off..let's see....

ganeshhity