Long or Short Opinion

[simple_trader]

Wow OMCs were waiting for me to short. 5% fall. caught most of the fall.

Cheers !!!!

Alok Tewari

Good picks!

 

[SwingKing]

Have gone short on the Cement Sector. I know there are many big brokerage houses who are vouching for this sector to do well in next couple of weeks. I, however believe that this sector should not be doing well in the next couple of weeks. Will be adding short positions on retracements.

Tc

 

[praveen taneja]

Cement sector is already over sold and after good monsoon and Infra boom can make this sector jump

 

[SwingKing]

Cement sector is already over sold and after good monsoon and Infra boom can make this sector jump

PT Bro, since when have you started seeing Technicals.

I thought it was all about Tukka.

I remember once you were saying "This overbought that oversold" and today you are using same language.

Jai Mata di !!

Tc

 

[simple_trader]

Have gone short on the Cement Sector. I know there are many big brokerage houses who are vouching for this sector to do well in next couple of weeks. I, however believe that this sector should not be doing well in the next couple of weeks. Will be adding short positions on retracements.

Tc

I find ACC probably at support level between 800-810. There is a divergence in hourly chart. It remains to be seen if it can find support here. I normally buy in this situation after allowing stock to consolidate for a few more bars and if over all my market understanding is positive. In case it hold supports, it would be an interesting candidate for short covering trade closer to the expiry.

OI is on the rise for last 3 sessions. In case support does not hold or market condition is bad, it is likely to get hammered.

Happy trading!

 

[simple_trader]

This is just a case study -

OI is on the rise. Price is range bound. RSI is over bought. Let's see what is going to come in this stock.

Please do not take trade based on this. Let it be a case study.

 

[SwingKing]

I find ACC probably at support level between 800-810. There is a divergence in hourly chart. It remains to be seen if it can find support here. I normally buy in this situation after allowing stock to consolidate for a few more bars and if over all my market understanding is positive. In case it hold supports, it would be an interesting candidate for short covering trade closer to the expiry.

OI is on the rise for last 3 sessions. In case support does not hold or market condition is bad, it is likely to get hammered.

Happy trading!

I am not a short term trader. Hence these things don't bother me much. On quarterly basis, hourly divergence for me is random noise. Opportunity to add on to positions. Medium term views remain bearish and for it to change there must be a review conducted on the medium term. Bearish views are not based on solely technicals.

Tc

 

[simple_trader]

I am not a short term trader. Hence these things don't bother me much. On quarterly basis, hourly divergence for me is random noise. Opportunity to add on to positions. Medium term views remain bearish and for it to change there must be a review conducted on the medium term. Bearish views are not based on solely technicals.

Tc

O.K. I thought it was for shorter term trading. Well, Cement sector does not do well during rainy season, that's why those are under-performing for last a few weeks!

As far as I understand, though we can develop view based on higher time frame, but still we need to see lower TF to perfect entry/exit.

I have not commented ACC long or short. Just shared my reading!!

 

[blackberry]

Nifty to trade in US from Monday; CME to launch two Futures


http://economictimes.indiatimes.com...to-launch-two-Futures/articleshow/6182891.cms

 

[praveen taneja]

PT Bro, since when have you started seeing Technicals.

I thought it was all about Tukka.

I remember once you were saying "This overbought that oversold" and today you are using same language.

Jai Mata di !!

Tc

Bro TA and common sense are two different things:thumb:
For around two quarters most of cememnt stock I watch sply small cap so know burnpur guj sidhi all are down from a long time and people holding from long time my view is this is best time to enter in cement sector as result start coming in and that would not b good as last quarter was not good for cement sector so it can come max 5-7% down before going up at least 50%+ and thats my pure tukka view:clap: