Long or Short Opinion

[praveen taneja]

Hi PT,

I do not invite criticism anymore.

Bro criticism can be done only by a person who think he have a right on you and if a person with a right on you criticise you its always taken with open heart:clap::clap:
Jai Shri Ram

 

[simple_trader]

Yesterday's fall does not seem to be a sell signal so far. We may try to crawl back above 5400 today. In my personal opinion still some more up side left. Middle of a series, middle of a week, good time for option writers, which is making both sides (long & short) on the edge and volatility in the market.

Some stocks are over bought and some stocks have come down to buy level after yesterday's correction.

Support for NF in the range of 5350-5370 range for today and resistance in the range of 5440-5470.

Last week wrote about, NF future gap between 5288-5304 would hold on for some days. They will keep this gap for a few more days to keep market bullish.

Happy trading!

We have not even go above 5400 today. And the way key stocks are over bought, be extremely careful with longs. Market can fall hard.

Please review and use your own idea for trading!

 

[simple_trader]

We have not even go above 5400 today. And the way key stocks are over bought, be extremely careful with longs. Market can fall hard.

Please review and use your own idea for trading!

Also to add one more info, I think USA has job data tonight. Evening TCS has result, which is expected to be bad.

Though market will follow its own thing. In general, unless market trades above 5400 NF, be cautious in long, may be shorters are trying to take control.

Happy trading!

 

[praveen taneja]

Also to add one more info, I think USA has job data tonight. Evening TCS has result, which is expected to be bad.

Though market will follow its own thing. In general, unless market trades above 5400 NF, be cautious in long, may be shorters are trying to take control.

Happy trading!

5333-5366-5399 bear supply zone and above 5383 its always risky to add or holding shorts:clap:

 

[simple_trader]

IMO, banks are dangerously placed. Can correct a lot. specially SBI.

already fallen 20 odd points in future.

 

[simple_trader]

NF future 60 mins TF may be doing H&S (probable one), has not completed yet. Break down below 5350-60 NF range. Someone please confirm. negation above yesterday's high.

Happy trading.

 

[arti]

Plz post the chart also

NF future 60 mins TF may be doing H&S (probable one), has not completed yet. Break down below 5350-60 NF range. Someone please confirm. negation above yesterday's high.

Happy trading.

 

[rajeabc]

NF future 60 mins TF may be doing H&S (probable one), has not completed yet. Break down below 5350-60 NF range. Someone please confirm. negation above yesterday's high.

Happy trading.

volume pattern is not satisfying . IMO
It might make another tomorrow once US is down today

 

[praveen taneja]

One of my cousin have 300 colgate share and its his allotment share he want view on it hold for longer term or exit what say??????????

 

[simple_trader]

Plz post the chart also