Jet airways- CMP 358
Stock is sure to visit my earlier target of 275-280 in the short term. The only level to provide support before it visits my target is 320. Reversal point 400.
Reliance infra- CMP-514
Stock has seen a good recovery after it nearly kissed my earlier target of 428. It looks quite ripe for a correction at the moment. Will assess the targets and post it later.
Stock is sure to visit my earlier target of 275-280 in the short term. The only level to provide support before it visits my target is 320. Reversal point 400.
Reliance infra- CMP-514
Stock has seen a good recovery after it nearly kissed my earlier target of 428. It looks quite ripe for a correction at the moment. Will assess the targets and post it later.
BPR,
In my view, Risk Reward ratio is the key. In this market environment, for big funds and professional traders there are many other stocks they can pick up for 10-15-20% kind of gains, so why hold on to something that already has run up so much.? Hence profit booking.
Also the overall market movement is the key. As long as the market moves upwards, corrections will be shallow in my opinion.
In my view, Risk Reward ratio is the key. In this market environment, for big funds and professional traders there are many other stocks they can pick up for 10-15-20% kind of gains, so why hold on to something that already has run up so much.? Hence profit booking.
Also the overall market movement is the key. As long as the market moves upwards, corrections will be shallow in my opinion.
Prada,
With the current momentum in the market, is not shorting a higher risk trade.? It's better to go (long) in the direction of the flow.
Presently, the strategy to make money best is to blindfold yourself, and throw a dart on any public sector bank for a buy. This hard work will make 10% for the day!
With the current momentum in the market, is not shorting a higher risk trade.? It's better to go (long) in the direction of the flow.
Presently, the strategy to make money best is to blindfold yourself, and throw a dart on any public sector bank for a buy. This hard work will make 10% for the day!
Reggie, at the moment it is true but our market needs to correct before the next leg up. Global markets have started the correction and our markets follow suit.
but our market needs to correct before the next leg up. Global markets have started the correction and our markets follow suit.
Prada,
With the current momentum in the market, is not shorting a higher risk trade.? It's better to go (long) in the direction of the flow.
Presently, the strategy to make money best is to blindfold yourself, and throw a dart on any public sector bank for a buy. This hard work will make 10% for the day!
With the current momentum in the market, is not shorting a higher risk trade.? It's better to go (long) in the direction of the flow.
Presently, the strategy to make money best is to blindfold yourself, and throw a dart on any public sector bank for a buy. This hard work will make 10% for the day!
5601-5631 ... 30 points range for the day.. how's an intraday trader to survive ??
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