Long or Short Opinion

[aditya14]

I believe the movement in Punj was because of Expiry and nothing else I expect the downtrend to resume soon. But lets see.

Will disagree with you there.Did u short its future? on the weekly this stock is so oversold its due for a 10-20rs move up if we close tomorrow with big gap down.
I know a lot of people shorted the futures of this stock when it dropped to 120 and below.I was actually in a broker office one day a couple weeks back and so many people were shorting this stock like there was no tomorrow.Now did they take those positions into next month is a big question....

I have no positions so speaking objectively as a neutral

 

[nimish_rulz]

Will disagree with you there.Did u short its future? on the weekly this stock is so oversold its due for a 10-20rs move up if we close tomorrow with big gap down.
I know a lot of people shorted the futures of this stock when it dropped to 120 and below.I was actually in a broker office one day a couple weeks back and so many people were shorting this stock like there was no tomorrow.Now did they take those positions into next month is a big question....

I have no positions so speaking objectively as a neutral

I am completely out of the stock market haven't got even a single position waiting for a correction around 25%-30% which has happened every time in a bull run since 1991 in Indian market and most importantly the correction year has been an even year. So sidelined for a while. Punj Lloyd results were pathetic and I don't expect a major move until the results again and in between if markets tank this will be the first stock to go down. Making consistent Lower highs and lower lows.

 

[rajputz]

Axis bank is showing good strength to upside. CCI is gaining momentum. ALso the higher pivot was broken yesterday. Macd is also confirming the strength. My delivery method KWIKPOP is also positive...

 

[simple_trader]

Axis bank is showing good strength to upside. CCI is gaining momentum. ALso the higher pivot was broken yesterday. Macd is also confirming the strength. My delivery method KWIKPOP is also positive...

Dear rajputz,

Banks may have good volatility in near future. We can not rule out weakness if RBI news comes in.

Happy trading!

 

[aditya14]

time to go long now intraday stop 5260

 

[praveen taneja]

5311 is still trend decider for the day

 

[rajputz]

time to go long now intraday stop 5260

same expectations here buddy

 

[rajputz]

Got a WW on 30 minute chart of nifty.

 

[simple_trader]

Still it can go and test 5270 around. I guess this is not a proper up move.

 

[praveen taneja]

Still it can go and test 5270 around. I guess this is not a proper up move.

5311 is still trend decider for the day

posted in the morning that all sl would be hit on both side today and that is happening covered put at 5280 took call 5300 at 5290 now book around 5311 when herd enter in long that is point of revesal for me:clap: