Long or Short Opinion
- Thread starter rajputz
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Rajput bhai
I am also awaiting some downfall, not from technical point of view; but because after squaring off the shorts in Nifty, I am still holding short of HUL in the same expectation.
Bhai
I am looking to go long in Bhel, Tata Motors, Fed Bank, Kotak Bank, Mphasis, ONGC and Power Finance
please guide
I am also awaiting some downfall, not from technical point of view; but because after squaring off the shorts in Nifty, I am still holding short of HUL in the same expectation.
Bhai
I am looking to go long in Bhel, Tata Motors, Fed Bank, Kotak Bank, Mphasis, ONGC and Power Finance
please guide
After 4 days i was just looking at some of the shares, and was able to see what nice opporutnities i missed. The loss that i am having in m2m on nifty would have been covered. Well cant do any thing for that now. Just waiting.
Some of my views.
In telecom shares, bharti airtel is looking strong. Although it has a good mid to short term resistance at 350, so thats where we need to keep a close eye on.
In Banking sector, i have found only SBIN and YESBANK to be strong, breaking the higher pivot again, else all the other are weak like axis bank, central bank, icicibank etc.
LIC housing finance is also looking weak. It gave a sell signal one or two weaks back and is still valid, breaing to downside.
About bhel i some where mentioned in the thread that it is weak and downfall can come. Although it rose to a good extent the day i posted abt it, but is falling since then also. it is still weak.
In reality, DLF has been weak since it brokw the low pivot at 315. Now 298 is the strong support which it needs to break on closing basis to show more downside. Looking eagerly at it.
In IT industry, TCS proved to be the strongest, since it gap upped from 750+ levels to 800+. Now it has a major resistance lying at 885.
I still remember when i discussed about LT being a good buy. It didnt performed good, but still was not a looser. Major hurdle for lt is near 1890.
In Auto Industry, Tata motors is looking little weak and having strong resistance at 1060. Can give a double top reversal pattern on daily charts. So keep a close eye on it.
Some of the other shares that i found weak are sesagoa and punjlloyd.
Now if i go with my indicators system then i think these mentioned shares are still weak and can slide, but price is the ultimate mover. If market sentiment is really toward upside and crossing 5800, then these shares can be the next movers also. So keeping a close eye on them...
Some of my views.
In telecom shares, bharti airtel is looking strong. Although it has a good mid to short term resistance at 350, so thats where we need to keep a close eye on.
In Banking sector, i have found only SBIN and YESBANK to be strong, breaking the higher pivot again, else all the other are weak like axis bank, central bank, icicibank etc.
LIC housing finance is also looking weak. It gave a sell signal one or two weaks back and is still valid, breaing to downside.
About bhel i some where mentioned in the thread that it is weak and downfall can come. Although it rose to a good extent the day i posted abt it, but is falling since then also. it is still weak.
In reality, DLF has been weak since it brokw the low pivot at 315. Now 298 is the strong support which it needs to break on closing basis to show more downside. Looking eagerly at it.
In IT industry, TCS proved to be the strongest, since it gap upped from 750+ levels to 800+. Now it has a major resistance lying at 885.
I still remember when i discussed about LT being a good buy. It didnt performed good, but still was not a looser. Major hurdle for lt is near 1890.
In Auto Industry, Tata motors is looking little weak and having strong resistance at 1060. Can give a double top reversal pattern on daily charts. So keep a close eye on it.
Some of the other shares that i found weak are sesagoa and punjlloyd.
Now if i go with my indicators system then i think these mentioned shares are still weak and can slide, but price is the ultimate mover. If market sentiment is really toward upside and crossing 5800, then these shares can be the next movers also. So keeping a close eye on them...
Rajputz bhai,
What happened to your short position? I was really worried. I discussing with my friends about it, and they were surprised when i told them, that he is brave and damn cool enough by holding the shorts even after its against his prediction.
On deep analysis, i think only a select bank stocks, and some in IT sector has contributed towards this upmove, which i feel will lose steam at anytime.
When lots of people predict about correction of 10 to 15% saying that its bearish, the market surges up.. and the media's and we people call as "RETURN OF THE BULL", nonetheless market will definitely have a different kind of tactics hidden in its sleeves.
Regards
Saivenkat
What happened to your short position? I was really worried. I discussing with my friends about it, and they were surprised when i told them, that he is brave and damn cool enough by holding the shorts even after its against his prediction.
On deep analysis, i think only a select bank stocks, and some in IT sector has contributed towards this upmove, which i feel will lose steam at anytime.
When lots of people predict about correction of 10 to 15% saying that its bearish, the market surges up.. and the media's and we people call as "RETURN OF THE BULL", nonetheless market will definitely have a different kind of tactics hidden in its sleeves.
Regards
Saivenkat
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