Long or Short Opinion

[rajputz]

Hello rajputz ji,

Any views on GEshipping and Wipro they have broken the levels you mentioned.

Thanks.

Geship failed to close below 302, so wont reccommend it now. It may find strong support and bounce back. I have seen this happening many times. Wipro can be shorted at cross of todays low with few ticks above todays high as a stoploss.

I am currently having a short view of nifty at 5505. Which will be shattered tomorrow if same stoploss is hit at no profit no loss. Then i will consider reversing the position at the same place. And will look for buying trades more.

Some screwup movement is going on in market. Like 2 days of bear run, and more bull run in cming days. So i am afraid that tomorrow nifty might give a jump to upside again. In that case will go lon on hourly charts. They are the best i think. Daily are giving no signals. Well if down move sustains, then nothing good than that. But its really confusing at the moment.

 

[crown]

Geship failed to close below 302, so wont reccommend it now. It may find strong support and bounce back. I have seen this happening many times. Wipro can be shorted at cross of todays low with few ticks above todays high as a stoploss.

I am currently having a short view of nifty at 5505. Which will be shattered tomorrow if same stoploss is hit at no profit no loss. Then i will consider reversing the position at the same place. And will look for buying trades more.

Some screwup movement is going on in market. Like 2 days of bear run, and more bull run in cming days. So i am afraid that tomorrow nifty might give a jump to upside again. In that case will go lon on hourly charts. They are the best i think. Daily are giving no signals. Well if down move sustains, then nothing good than that. But its really confusing at the moment.

Rajput bhai
I am smelling a good downside move during current expiry in Sept 2010. Reliance also showing significant weakness. Let's see how it come out?

 

[piyushbajpai]

Rajput SIR,

What is your interpretation regarding Powergrid, does this looks like a trading buy for few days.

 

[niftytrader99]

SEPT 5400PUT has been shorted heavily today.. in comparison to that 5500/5600PUT did not fall that much and 5400/5500/5600 didnt gain too..

 

[rajputz]

Rajput SIR,

What is your interpretation regarding Powergrid, does this looks like a trading buy for few days.

can be risky with market sentiment unknown. Still if you want to buy, keep a close eye on 107...thats the point of resistance...If that point is broken with good volume then you can see further upmove...

 

[rajputz]

Rajput bhai
I am smelling a good downside move during current expiry in Sept 2010. Reliance also showing significant weakness. Let's see how it come out?

5447 is the key support or we can say pivot low. If it is broken today on closing basis, my nifty hourly sell signal will be shifted to eod signal. That means, taking a trade from hourly to daily charts. At that time i can call the market reversal is there. Looking keenly at these levels.

Also i think we shouldnt be speculating on the move of nifty. I have left speculating nifty. For last 1 and 1/2 month it has proved us wrong..

 

[shirishchk]

Thanks rajput ij

can you please suggest the stoploss or the rate at which the stocks you discussed can be taken .

 

[rajputz]

Thanks rajput ij

can you please suggest the stoploss or the rate at which the stocks you discussed can be taken .

I prefer to keep stoploss 2 3 ticks above the high of the candle at which i take a trade.

 

[rajputz]

i have got a ghost on Statebank. Also a rangebound movement for long time. Looks like downside can begin any time....

 

[twist]

hi rajput hw r u buddy? your thread "Beginners Guide" helped me alot .. thank u very much
whats ur views on HINDUNILVR can we short it for 2-3days swing trade?