Long or Short Opinion

[crown]

Entered Short in Nifty
put of 5300 taken at 34.80

thanks Rajput bhai for the indication, which I was expecting but just about to miss.
the way Nifty moved today, itself sufficient enough to enter short for me.

Just taking my chances

 

[crown]

Rajput bhai

you already have this notion of Nifty going weak today.

But I found the yesterday move strong.

Now, Nifty did showed the weakness. Earlier, while I too was expecting the weak bounceback in Nifty, and waiting to enter short; but after yesterday's move, I changed my opinion. And now, it was only after your message that I could actually regain my strategy of entering short.
Can you please tell me, how did you observe the weakness even after such a strong move?
Had you not messaged on the board, I would be entering this short tomorrow after analysing the EOD. But this early entry will definitely add to my profits.
Thanks bhai

 

[rajputz]

I didnt mean that it can be shorted. But This level was the major support today.

 

[crown]

I didnt mean that it can be shorted. But This level was the major support today.

yes bhai, I know that you didn't mean that
but your message did helped me in following my system too precisely

 

[rajputz]

I can be totally wrong.

But i am not a bull in current market.

I checked volumes on MFI indicator. Which showed weakness for upmove and strength for downmove.

 

[crown]

I can be totally wrong.

But i am not a bull in current market.

I checked volumes on MFI indicator. Which showed weakness for upmove and strength for downmove.

yes, but my decision is not based on your message bhai
my decision was already there, it is just your message reminded me of that

 

[rajputz]

Keep an eye on 5475 on spot today...

For SBIN 2748 can be decider..

 

[trade.learner27]

There is a news that Hero group is planning to buy stake of Honda in Hero Honda Motor ltd...Analysts saying that after exit of Honda, company will not that kind of valuation what it currently have...

So, is there any chance to short the Hero Honda at current level ?

Arun

 

[rajputz]

These two stocks are giving me signs of weakness. Can give some downmove in the coming days. Keep a close watch on nifty too. On hourly it gave me a sell signal. I am little doubtfull but still waiting for monday.

CentralBank

Jetairways

 

[asitprasen]

These two stocks are giving me signs of weakness. Can give some downmove in the coming days. Keep a close watch on nifty too. On hourly it gave me a sell signal. I am little doubtfull but still waiting for monday.

CentralBank

Jetairways

Definitely RAJPUTZJI, Central bank now weak a sure candidate for short targeting 172, 169, and finally 157.
JetAirways has confirmed weakness can short at current level targeting 670, 632, and finally 561.