Long or Short Opinion

[SwingKing]

yesterday move on ITC was I think based on Advance tax numbers. Do you think this will continue to such high levels of 307. 293, will for near term double top. 292.70 I suppose is the life high of ITC.

Volumes I suspect are near average, not high, which is why it is a suspect move.

Prem Kumar, ITC is in a very strong trend. It is more related to the 'India' kind of story. Based on domestic consumption largely. Well, thats the fundamental side and don't get too much involved in that.

On the very short term, if ITC retraces back till 283, then enter the trade keeping 3% stop loss. You should get a good swing trade.

Tc

 

[rajputz]

Dear rajputz,

avoid trading PATNI (long/short). Its not a good trading stock. If you are just tracking then, fine. I guess this stock makes news based moves and moves are very deceptive!

Thanks for the comment raunak sir. I will not short this stock in an uptrend. But when i find a stock giving me a downtrend in an uptrending market, i keep it as no trade stock for me, till got a confirmation of 200% from my system. Counter trend trades are the most losing ones. I rather keep them as warning signal in going long.

Like if in uptrend market, i find that this stock is undervalued and lets buy it, then i just check the chart and see if it has given a downtrend signal. In this case, patni has given me some signals that it can go further down, and i will not buy it. Neither will short it, cause that will be counter to the trend trading.

For Last few months, i am trying to apply this strategy. Find the short positions when nifty gave a short position, or trend reversal to downside. Find buy position when nifty has given long position, or trend reversal to upside. At that point i dont trade counter trend then.

 

[rajputz]

Buisness standards are today predicting the target of ITC to 300....Mujhe Hire karo bhai...Am good at that....making calls....:clap::clapping::lol::rofl:

 

[rajputz]

Resistance for nifty lies around 5242 on Spot. Failed to cross that can check 5206 levels again....be cautious....

 

[SwingKing]

I will not short this stock in an uptrend. But when i find a stock giving me a downtrend in an uptrending market, i keep it as no trade stock for me, till got a confirmation of 200% from my system

Dear at times (most of the times) you need to stand out and watch for stocks which do not follow the trend. Let me explain this.

It is true that you should not short a up trending stock in a Bull move. But it is also very profitable to short down trending stocks in Bull market. A down trending stock in a Bull market signifies tremendous selling pressure. These are usually the stocks which give better returns than up trending stocks on relevant time frames. Anyone who shorted Sugar and Telecom would have made very handsome gains. So make sure you adjust your system parameters to factor in this.

Tc

 

[rajputz]

Will sure do check it raunak sir. And thats where i short 200% confirmation. Although Didnt got mastered in that yet. But looking for broader picture on weekly, then daily, might help. Like there are some shares which are in downtrend for long time. Shorting them from daily charts. Might need few tweaks, but will work on that too..Thanks for reminding...

 

[gb333]

HI RAUNAK...
will u help me in this...
Which STOCH. INDICATOR configaration works 90% accurate in Amibroker Real time Data Feed in Intraday Nifty Trading?

Regards
gautam

 

[gb333]

HI RAJPUT
will u help me in this...
Which STOCH. INDICATOR configaration works 90% accurate in Amibroker Real time Data Feed in Intraday Nifty Trading?

Regards
gautam

 

[praveen taneja]

Ye kiske liye tha praveen bhai.... :rofl:

Bhai is forum mein ek hi to banda hai jiske pass GF aur bike dono hain

 

[vssoma]

Bhai is forum mein ek hi to banda hai jiske pass GF aur bike dono hain

dear,
tabi to aaj kal thread update nahi ho raha hain.....