Long or Short Opinion

[rajputz]

I am Looking for some short trades on RELCAPITAL. There is a negative divergence over the daily charts, on stochastics. if it closes near 795, i think the opportunities of downfall are more then. Any views???

hjere are the charts: -

 

[praveen taneja]

i am tgting it for 900+ there is no weakness in it still but u know better 777is sl for all longs

 

[rajputz]

i am tgting it for 900+ there is no weakness in it still but u know better 777is sl for all longs

for 1-4-7-10 days...after that it can be trend continuation. Also i am looking for close below 795...

 

[rajputz]

20 and 34 EMA can act as major support...between it is a no trade zone...but bounce back or fall can be massive...lets c...

 

[rajputz]

Nifty Trend Decider level is 5454 on Spot. Weekly Trend Decider Level is 5400.

Bank Nifty Trend Decider on spot is at 10083. Weekly trend decider is 9940.

Stay Short below it on evidence of resistance and fall. Stay long on evidence of support and bounce back.

5460 on nifty and 10017 on BankNifty are the major barriers for market to give further upside(on closing basis)

 

[praveen taneja]

it is 5469 bro for me and posted last week too with that view I am on 5500 put aug sice morning and it is giving me good gain god is gr8888888888

 

[kp1508]

it is 5469 bro for me and posted last week too with that view I am on 5500 put aug sice morning and it is giving me good gain god is gr8888888888

Dear Praveen taneja,

Why is this particular figure so important....means recent on nifty is 5475...

 

[praveen taneja]

Dear Praveen taneja,

Why is this particular figure so important....means recent on nifty is 5475...

Bro my TA is different from u people:lol:
for me mostly if nifty at 5400 res are 5433 (5425+8) 5466 and 5499 like that I keep eye on RIL while trading covered 5500 put just when when RIL broke 1060 on upside when NF was at 5432 and it works mostly God is really gr888888

 

[simple_trader]

It seems market has missed a good chance to touch 5500 today with good global markets setup. With this, it seems that market will be range bound again between 5400-5500 on the expiry week (till Thursday). Resistance would be around 5500-5505 NF and support is around 5405-5410 NF range.

5500-5550 may be touched on the first week of August series. This is only one of the possibilities in market!

Happy Trading!!

We are very much close to support before expiry, if 5400 holds today and no rate hike tomorrow, can be a trigger for 5500 tomorrow.

Maruti is down 11% now due to bad result. If there is no rate hike tomorrow, it can jump up 6-7%.

High risk reward seems to be favorable for up side now on.

Happy trading!

 

[rajeabc]

We are very much close to support before expiry, if 5400 holds today and no rate hike tomorrow, can be a trigger for 5500 tomorrow.

Maruti is down 11% now due to bad result. If there is no rate hike tomorrow, it can jump up 6-7%.

High risk reward seems to be favorable for up side now on.

Happy trading!

Any reason to doubt rate hike ? As gov is struggling to keep inflation in control and targeting to bring it down by Dec, I feel there will be 25 base pt hike tomorrow.
Please correct me if I am wrong.