Long or Short Opinion

[rajputz]

thanks bhai
but I really am not able to understand the concept of volume at all. Everytime, I tried it confused me a lot; that was the very reason I was too much impressed with CCI which conclude without any other indicator

I am having many confusions in interpreting volume. How it is to be actually valued. When at support levels volumes are great, even then I observed scripts going down significantly. Even when volumes are too much, spread is low, prices are at peak; it continue to rise.

Can you just give an example in this regard?
thanks bhai

http://www.mediafire.com/?wmwzqjj2y5x

This might help

 

[rajputz]

Hi Rajputz,

Can I Buy JSPL at this level for a swing trade.

Regards.

hi sana,

sorry, i dont have data for this stock...actually it is not in my watchlist so i dont track it. Some one might be able to help you.

 

[rajputz]

that I shouldn't be shorting in strong scripts even if there is a signal to go short.
Thanks bhai

IMO, you should be taking all the signals. Now it depends upon your interpretetion that signal is strong to be taken risk off, or too weak to be avoid. A good gain avoiding the system is not a good trade. Even a stoploss hitting trade taken according to tested system is a considered a good trade. Cause discipline is the ultimate winner in the market. Stick by the understanding and rules.

 

[PGDIMES]

thanks again bhai
but my point is why the put price is not increasing even after a decline of around 3 rupees.
One more thing Raj Bhai, had I taken the position in Futures, I would have been in decent gains.
One thing, which I am able to grasp just now with your kind advise, is that I shouldn't be shorting in strong scripts even if there is a signal to go short.
Thanks bhai

Crown,

It's dangerous to look at the price of shares in spot or futures and take naked position in options. Option writing requires a huge amount of money & so people with suitable knowledge,skill & experience write them and then too they do it with suitable strategies.

By buying option,you should be correct in all the 3 fronts at the same time in order to make money, viz.-
DIRECTION
LEVEL
TIME

In the book CIMTR, Ray Elder has pointed out that options are like hopes...So read a little more about options...I think either time decay
is hurting you or you have given more premium than required for the option(a lot of stock options are highly illiquid)...

 

[praveen taneja]

praveen bhai
me kya detail bataon
I am already confused a lot on many things

First of all, though I have started a bit to understand the direction; but yet not able to catch the appropriate supp and resistance levels.
Like I shorted Tata Motors on 2 August and on 3rd August I was out of it on your recommendation. On 4th Aug it was just okay. But on 5 Aug onwards, it started moving upward. I tried a lot to figure out the reasons on charts, but still not able to. While you know that it will go up. How?

Then I shorted SBI Bank because I found Banking Sector a little weak. It also went down a bit, but then again it went up straight. On that day when I shorted SBI, I had three options to go short in banking sector SBI, ICICI and Axis Bank. I chose SBI while Rajput Bhai Chose Axis. I am sitting on loss while Axis has done its job. Where am I missing? It is really so much painful to not able to understand, despite all best efforts and sleepless nights working on charts.

Then I shorted Tata Steel on Friday at 543 and it was something okay. I hold the position as Tata Steel closed at 531 after making a low of 529.50. But today, all went wrong. While I was at good gains on Friday, today I am confused what to do.

I shorted Ashok Leyland by taking put of 70 at 1.70 and at that time Ashok Leyland was at 73.80. Now even after 3 days, the price of Ashok Leyland is 71.65 and also made a low of 70.80. but there is no increment in my put. Why, I really don't know?

Similarly many other trades which were initially good, but I dunno where and what I am missing.

can u please help me in this regard

Bro all U TA guys guys is u just see line on chart and Head & shoulder and harami pattern and all those silly things and not fundamentals, mkt sentiment and world mkt behaviour of that sector but i know just two word zzzoooooooom and dhadaam:lol:
whole world mkt auto sector is growing at max pace with TATA is growing at much faster pace which i saw but u didnot
keep eye on sectors which were down by almost 50% like metal and cement
index affecting stock are not performing but like Viash metal Sujana metal with GUJ sidhi cement. small stocks started moving up showing small investor coming in and time for FII to book profit lets see but a dip of 200-300 point soon not ruled out thats what I think No chart no TA just eyes and brain

 

[praveen taneja]

Praveen bhai,

My system is giving me long signal on this share over daily and weekly charts...over daily charts the move has begun over cci and pivot high is broken and managed to close above it. On weekly charts also momentum is up plus closing above 21.40 is needed. Overall the share should move your way i think. But you knw better cause mine is signal based and yours is understanding...Over oscillators also there is a positive view on stochastics and rsi...i am posting some charts....hope it helps.

Bro ye hi to problem hai ye 21.40 tak ja ke wapis aa jata hai
exit from long time is coming near and it is not going to 24 lets see sl is 20.25 for me kam se kam apna ghar to pura ho

 

[rajputz]

axis bank trying to give two of my favorites trend reversal pattern on hourly charts.

 

[vssoma]

dear,

is this the time to go short on rel cap.....

 

[rajputz]

dear,

is this the time to go short on rel cap.....

naa...u missed

 

[rajeabc]

naa...u missed

I have 780 put @ 25 . NOw all TAs have started giving call to short with target of 735. We might see some downward momentum .