Long or Short Opinion

[rajputz]

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?

Hi Twist,

I am fine. How r u.

Well Hindunilvr was sell on my system on 26 august. You are late by 1 day. You can enter at your own risk. Personally i dont like to chase the trade, of i miss a chance.

 

[crown]

Hi Twist,

I am fine. How r u.

Well Hindunilvr was sell on my system on 26 august. You are late by 1 day. You can enter at your own risk. Personally i dont like to chase the trade, of i miss a chance.

Rajput bhai
Good morning
what about shorting TCS and Bank of India today?
I am looking to short these scripts today.
Thanks bhai

 

[rajputz]

Rajput bhai
Good morning
what about shorting TCS and Bank of India today?
I am looking to short these scripts today.
Thanks bhai

Hi crown

goodmorning,

Bankindia looks good. Only stochastic can counter a little, but is good. For tcs Btter keep a stoploss sell at 847...once that point is crossed, then can zoom to downside...

 

[twist]

Hi Twist,

I am fine. How r u.

Well Hindunilvr was sell on my system on 26 august. You are late by 1 day. You can enter at your own risk. Personally i dont like to chase the trade, of i miss a chance.

i am fine thanks oh ok well bro i am just paper trading so no worries :lol: dekhte hain kya hota hai thanks for your view

 

[crown]

Hi crown

goodmorning,

Bankindia looks good. Only stochastic can counter a little, but is good. For tcs Btter keep a stoploss sell at 847...once that point is crossed, then can zoom to downside...

Thanks bhai
What should be the ideal stoploss for these trades?

 

[crown]

And Rajput bhai, I find/observe that any upside now in Nifty and some frontline stocks should be used to find a proper level to go short in medium term (say 3-6 weeks). Are you seeing any such weakness or it is just an illusion.
Thanks bhai

 

[saivenkat]

And Rajput bhai, I find/observe that any upside now in Nifty and some frontline stocks should be used to find a proper level to go short in medium term (say 3-6 weeks). Are you seeing any such weakness or it is just an illusion.
Thanks bhai

Sorry to bump in crown, are you talking of shorting the nifty or the frontline stocks?

 

[nimish_rulz]

I think nifty is on a crucial juncture for the day trade short below 5440 SAR 5455 target 5420(first) and go long above 5465 SAR 5440 target 5480.

On the swing basis nifty needs to hold 5400 and any rapid fall like that on friday can lead to a deeper cut.

 

[rajputz]

And Rajput bhai, I find/observe that any upside now in Nifty and some frontline stocks should be used to find a proper level to go short in medium term (say 3-6 weeks). Are you seeing any such weakness or it is just an illusion.
Thanks bhai

Thanks bhai
What should be the ideal stoploss for these trades?

I am little doubty about the shorting thing on nifty. Last trading session i mentioned closing below 5447 as a trigger for shorts. Well at eod the 5447 as shorting was seen no where. It just disappeared. And i am still sound on my view. My system showed sell there, and after that updated the value at eod. Its like "I saw a ghost, I told you, When you checked there was nothing", but reality is that i saw the shorting signal on closing below 5447 and now it is showing shorting signal some where else. Well lets c.

Stoploss is totally based on where you enter and what time frame you enter. I try to keep stoploss few ticks high above the high of the entering or previous candle. If i am watching hourly then i keep it on hourly otherwise eod.

 

[rajputz]

I think nifty is on a crucial juncture for the day trade short below 5440 SAR 5455 target 5420(first) and go long above 5465 SAR 5440 target 5480.

On the swing basis nifty needs to hold 5400 and any rapid fall like that on friday can lead to a deeper cut.

Welcome Back nimish. Long time no see...hope everything is fine.