Long or Short Opinion

[simple_trader]

Other one is when people started talking about island reversal, market was determined to show the island. It has been closed today.

 

[simple_trader]

Shorted Vijaya Bank future @ 62.30 stop loss days high.

Stop moved to 62.20 to take care of the brokerage too.

Shorting Vijaya Bank is correct one as per me, but I feel you are 2 days late. Also, i think better SL would be high of the week+ filter if you want . SO to take lower risk, it is better to find a level which will have narrower risk.

Also, when we short a trending stock, it is better not to attempt shorting if it has already given return for 2-3 days.

Those are my thinking. Please follow what you are doing the best.

Happy trading!

 

[kingfisher3210]

Rajputz and Nimish,

I feel you guys could be right in your call. For some reason, I am not that great trader (short term). I am a very good Medium term Trader though (Both on the Long and Short side). Essentially what I am doing is building up significant shorts in my portfolio in Nifty and Bankex Futures (2-3 month perspective). I had shorted markets when they were at 5370 and squared off at 4850. Now, I am expecting a second leg down move, which is going to be slow. Hence, I am taking a long term call on the markets (1-3 months). As you all know, my targets remain 4400-4500. I personally don't see the Index moving higher (making new highs). I move with very strict stop losses, currently that being 5110-5130 band. Hence, I carry low risk and good reward potential. Let's see how it all goes.

Incidentally, Nimish and you do a very good job in short term trading. Keep it up.

Tc

At the time of writing, Dow is up almost 2%. If Dow maintains its gain, we might see 5110 tommorow itself on Nifty Future.

This is the most frequent 'trading flaw'- Predicting the market. No one in this world can predict the market.

 

[nimish_rulz]

At the time of writing, Dow is up almost 2%. If Dow maintains its gain, we might see 5110 tommorow itself on Nifty Future.

This is the most frequent 'trading flaw'- Predicting the market. No one in this world can predict the market.

SGX nifty is already at 5130 levels. But we should wait for US to close. US +100 is already discounted by nifty.

 

[rajputz]

Though the number of points that nifty moved were pretty good, but still if i consider the volumes, then it has decreased as compared to previous days. Not only on nifty future, most of the gainers of the day were moving up high on low volume. Waitng for tomorrow. My self not trading Swing. Totally intraday, that too if find any thing right.

 

[kingfisher3210]

SGX nifty is already at 5130 levels. But we should wait for US to close. US +100 is already discounted by nifty.

Yes we cant say anything till US closes.

I will never put an overnight global risk in my trading books. You just dont know how the data will come out and how DJII will react.

The day i started not to predict and close out all trades before 3:30, i have been profitable.

You may or may not win. When i use that line, it now turns out be a gamble by holding an overnight position.

 

[rajputz]

HDFCBANK: - Buy

HDFCBANK is giving good signs of strength to upside. Today Higher pivot was broken and price sustained over it. CCI is also confirming the upmove, with normal swing, and EMA 20 and 34 are also supporting the upside move.

One of the system that i am testing, GATOR method is also giving me buy on hdfc bank on EOD basis.

Oscillators direction also at the point is normal and shows no weakness. Stochastic and RSI are both headed in the upward direction.

Considering the volumes, and price range, it is positive sign. MFI has increased along with volume. When ever this type signal occur, where price and MFI both increases as compared to previous days, we should stay long above that price.

Trend Decider for tomorrow will remain near 1900, above which will remain long and may touch 1935 1960. Only if some thing wrong doesnt happen globally. My view will be to take intraday profit and keep no position at EOD. Its burden in the head.

 

[rajputz]

Powergrid: - SELL

Power grid EOD chart is looking good for short side against the market direction. It is in trending movement to downside. Pivot Low is broken, CCI in confirmation, Oscillators are also weak. Check the charts: -

Stay short below 102.30. Thats the trend decider.

 

[rajputz]

Some of the other shares that can give the positive movement tomorrow are: -
ifci
idea
herohonda
indiacem
m&m
relinfra

I said it can. There are also the chances of failure.

 

[simple_trader]

INFY is falling today.