Long or Short Opinion

[SwingKing]

if nifty nreaks 5337 on 15 minute chart spot, then time to go short. Momentum is changing.

Rajputz Dear,

Just a question for you.

Why would the market respect a 15 Min Chart frame and not the 30 Min Chart frame? That is, Markets in large operate on every time frame. What seems a sell on 15 Min might look a buy on Hourly. Then why would market honor one time frame and neglect the other? Have you thought about this? At all times, all time frames are acting. Think about this. There is a definite answer. When you get it, your profitability will increase at least by two times. If you can't find it, I'll give the answer then. But, think about it.

Tc

 

[simple_trader]

For your information, reversal level at 5357 NF now. Target remains the same.


Happy trading!

After giving intraday breakout. It did not move up. It is holding lower reversal point so far though. Down side reversal point is at 5343 NF.

Happy trading!

 

[rajputz]

Rajputz Dear,

Just a question for you.

Why would the market respect a 15 Min Chart frame and not the 30 Min Chart frame? That is, Markets in large operate on every time frame. What seems a sell on 15 Min might look a buy on Hourly. Then why would market honor one time frame and neglect the other? Have you thought about this? At all times, all time frames are acting. Think about this. There is a definite answer. When you get it, your profitability will increase at least by two times. If you can't find it, I'll give the answer then. But, think about it.

Tc

Hi raunak sir,

If i am watching it through 15 min chart, then my targets or stoploss will be achieved in 15 min chart only. May be a short initiated at 15 min chart in the first 15 min candle of an hourly chart gets achieved in third candle(or i could precise the exit with 5 min chart also). And later on a 15 min candle decides on hourly weather it was a bull candle or a bear candle.

It was a intraday move. Only to take a swing position i will take entry based on hourly chart and confirming it with daily charts. Intraday fluctuation are better caught on lower time frames and are wild. So y not take profit from it too. Hourly chart misses the major intraday fluctuation.

Also at that time market was range bound. And if range was broken, i think hourly would have also followed later on, as hourly was also losing momentum that time.

 

[simple_trader]

Both tata steel and SAIL made gains. Tatasteel has done more compare to SAIL.

Happy trading!

 

[nimish_rulz]

Nimish, have u tried looking at etf RSX.. it will give u exposure to russian market easily. Bhaiya.. etf's ke thru u can trade most of the ideas (and if some idea is missing then start yr etf).

I will be bit cautious in going long there too, cause the RSX is below 200/50/21 MAs and also given lower pivot low/ lower pivot high.
Chk out the chart on yahoo.

happy trading.

Bhaji already bought it MSCI Dax Global Russia ETF. Yesterday it was down by 2% so bought around 30 units. Will exit it if the trade doesn't go my way.

 

[rajputz]

no views of LT from anyone

 

[rajputz]

Couldnt say about nifty at the moment, but these shares are giving me buy and sell signals: -

Buy
BALRAMCHINI
BAJAJHIND
DLF
GRASIM
HINDALCO
LT
RENUKA
TATASTEEL


Sell
DIVISLAB
ACC

 

[aditya14]

Bajaj hind can see profit taking any day it has gone up so hard in last few weeks.Which indicators giving u buy signal NOW @ Rajputz

 

[rajputz]

Bajaj hind can see profit taking any day it has gone up so hard in last few weeks.Which indicators giving u buy signal NOW @ Rajputz

Main is Pivot break with good volume. CCI also gave ZLR, plus oscillators are also good. Macd is also positive plus volume has increased by very good numbers. These are the technical reasons.

other reason is the news factor by Pawar. i Dont know what that news exactly is. But it is good for suger industry.

Also suger prices start to rise from month of june july till december as it is the main festive season in india. And correction after that. As demand is more in the market and correction after that. Now this explanation is very very very basic in easy terms and might not be acceptable to all, but i think it is valid. I have both the technical and fundamental or news analysis to go long in it...may be via delivery.

 

[aditya14]

@Rajputz
Then i guess i better hold it a couple more days(1000 @ 104.5) since the fall isn`t coming anytime soon.FYI The news is that pawar recommends sugar is also deregulated.The decision hasn`t been taken yet.