Long or Short Opinion

[rajputz]

@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.

Well thats ur decision, but news is taken....see the volumes that has increased drastically in all the suger stocks last trading day...

 

[AlokTewari]

@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.

Pawar himself may be going out of Agriculture ministry soon so his remarks about sugar deregulation seem far fetched. Apart from that decontrol of sugar maybe tougher than fuel decontrol for government. I see this spike in sugar stocks a good shorting opportunity for immidiate short term.

Cheers !!!

Alok Tewari

 

[aditya14]

I myself would wait before shorting as sugar stocks were beaten badly.Iam getting out with a stop of 120(close EOD) which is the breakout level for Bajaj Hind.

Renuka looks yummy though....

 

[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

Balramchini

Bajajhind

DLF

Grasim

 

[rajputz]

Hindalco

LT

Renuka

Tatasteel

 

[rajputz]

Divislab

 

[nimish_rulz]

I agree with your view Rajput the stocks u mentioned are looking short term bullish. Sugar up around 17% last week. So stocks might have some rally too. The problem however is the numbers might be really bad and might have a knee jerk reaction on the positive side though if company successfully hedged their loses and results are even slightly better than expectation we might witness a huge rally. DLF Hindalco looking good.

 

[simple_trader]

For first a few days of this week, if NIFTY spot find resistance around 5370-80 range, we can probability retrace to 5290-5300 spot. IT and Banks seems to be close to their swing tops. One needs to be careful in these stocks.

Happy trading!

 

[SwingKing]

Still the shorter term price structure remains bullish with no significant weakness apparent. Nifty has been forming a good base and the recent movement is coming from such strong base. Shorts should be entertained only on weakness.

 

[simple_trader]

For first a few days of this week, if NIFTY spot find resistance around 5370-80 range, we can probability retrace to 5290-5300 spot. IT and Banks seems to be close to their swing tops. One needs to be careful in these stocks.

Happy trading!

It is advisable to be careful in longs. Morning trade seems to be a bit euphoric. IT can drag the market.