General Trading Chat

[ap*]

Looking at some value buying in techm on being close to a strong support. Some cement stocks like Ambuja look like a good short but I'd rather looking at buying stocks as of now since the overall trend is still up on the long term.

 

[Smart_trade]

Pivotwise we broke 8633 low. Nice to hear u

The support now is in 8620-8600 range. If it holds,good else deeper correction may be coming.

ST

 

[wisp]

no reaction ,this was proved with opening itself !!!

I guess red is the color unless it turns to green by EOD

 

[Punter786]

Those who missed the bus, shorting at 8640 around with 8646 Stoploss could be a good entry....

 

[lemondew]

yes weekly support at 8600. The current levels lets see if it is holding

The support now is in 8620-8600 range. If it holds,good else deeper correction may be coming.

ST

 

[Punter786]

Bulls seem to be out of money and courage! So much fresh shorting happening at 8630 and 8635. On another day they could have made a whipsaw candle to 8640 and squeezed it till 8655!!

 

[Punter786]

I love action on either side... not this boring sleep inducing mkt.... Time to do a poll... mkt will break 8600 first or 8700??

 

[Punter786]

Only me posting, looks like fellow traders have slept already!!

 

[Smart_trade]

Morning session trade is over for most traders....now all waiting to see if 8620-8600 supports break or hold and market stages a bounce.

Smart_trade

 

[Punter786]

Morning session trade is over for most traders....now all waiting to see if 8620-8600 supports break or hold and market stages a bounce.

Smart_trade

LIC just tried one assault to squeeze short... failed miserably! Was seeing option chain.... put writers at 8600 are khiskoing fast

More short position are being added at 8635...