Long or Short Opinion

[crown]

Friday, profit booking expected some point in the day. Though we are in strong trend now, metals are showing weakness. Are those going to correct today?

no idea simple bhai
aur jo aapne metal kee weakness ke bare me likha hai use dekh kar soch raha hu ki sterlite par jyada depend kar sakta hu.
thanks bhai for the guidance.

 

[rajputz]

hi crown...

just have a proper strategy before doing any thing in stock market. A proper trading plan. Otherwise you will start a losing trend on your account.

DLF is just an idea. Be sure to counter check it with your system first. Cause i just give an idea where a stock can go.

Also Sell should never be above....it should always b below...because price moves higher by breaking highs, and lower by breaking lows. So be cautious.

 

[rajputz]

In Metals, Sail is showing weakness....a Weak ZLR to downside....one needs to be cautious....i am expecting a flat opening or down opening for market...

 

[rajputz]

With market in positive side of the trend, i am looking for ITC on buying side Near 289 for the targets on upside of 297 / 302 / 307 keeping stoploss at 285 or 279.

CCI has given a classic ZLR, confirming all the required parameters, and stock is already in trending mode. Close above the price of 293 is positive sign for further upmove. Volumes and price movement is also confirming the upmove. Got a green candle, which is increase in volume with increase in price range, suggesting us to go green with it. Ossilators Stochastic and RSI is also showing strength.

First Target nearly completed on ITC...traded a high of 296.60...waiting for more...

 

[aditya14]

Gone short in nifty 5292 lets see

 

[rajputz]

Be cautious....as a close of candle above 5294 can bring you trouble...

 

[goodstocks]

Buy patel int log. for a target of 42 in the medium term. s/l 30

 

[simple_trader]

Gone short in nifty 5292 lets see

Profit booking will come some point in the day. Patience would be needed, may be little more up side left as per me.

 

[nimish_rulz]

Profit booking will come some point in the day. Patience would be needed, may be little more up side left as per me.

5301-5330 is full of resistances. I would go short at all these levels with a stop of 5330.

 

[simple_trader]

market can be volatile due to RIL, profit booking or protecting profit is advisable. I assume, some of you are short.