Long or Short Opinion
- Thread starter rajputz
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Petronet has broken the upper levels with high volume today. Monday can be test of supply, at that time you can try to buy it.
My personal view is not to buy at high levels. I would have looked to buy it according to my systems signal generation, and would have stayed until i got the exit. In the mid if herd wants to give me shoot in price, they are most welcome. But not after the shoot has taken place. My two cents.
My personal view is not to buy at high levels. I would have looked to buy it according to my systems signal generation, and would have stayed until i got the exit. In the mid if herd wants to give me shoot in price, they are most welcome. But not after the shoot has taken place. My two cents.
Dear rajputz,
I myself is expecting a range bound moves on next week, broadly between 5300-5400.
As per my understanding, favorable trade would be catching a move from 5400 NF to 5320 around.
As far as option position is concern, i am expecting some kind of wild moves in index and stocks in 3rd week of April series. I guess, your position should give good return then. May be, be balanced in calls puts in strong and weak stocks. so that you can gain when move comes irrespective of the direction.
Fall only below 5290 NF, but do not expect rally much in break out above 5400 NF. This is applicable for next week.
Happy trading!
regards
I myself is expecting a range bound moves on next week, broadly between 5300-5400.
As per my understanding, favorable trade would be catching a move from 5400 NF to 5320 around.
As far as option position is concern, i am expecting some kind of wild moves in index and stocks in 3rd week of April series. I guess, your position should give good return then. May be, be balanced in calls puts in strong and weak stocks. so that you can gain when move comes irrespective of the direction.
Fall only below 5290 NF, but do not expect rally much in break out above 5400 NF. This is applicable for next week.
Happy trading!
regards
Hi,
Try this one for size. NF & BN have not touched 15EMA since 26th Feb. As per one of the theories in this forum price must touch 15EMA within 6 weeks. NF has 15EMA at 5289 now & BN has 15EMA at 9478. Six weeks will over early next week. so expect NF to drop good 70+ points & BN about 200 points in next few days. Seems like Good risk reward ratio at these levels for both to go short.
Cheers !!!!
Alok Tewari
Try this one for size. NF & BN have not touched 15EMA since 26th Feb. As per one of the theories in this forum price must touch 15EMA within 6 weeks. NF has 15EMA at 5289 now & BN has 15EMA at 9478. Six weeks will over early next week. so expect NF to drop good 70+ points & BN about 200 points in next few days. Seems like Good risk reward ratio at these levels for both to go short.
Cheers !!!!
Alok Tewari
Actually this is the first time i am working against my theory of catching the stock working with the trend. Suzlon seems right with that case,a s the chances of nifty touching 5400-5500 are more. Also the longs positions have not started to built up on suzlon yet. It will start soon. but i am concerned with movement of Hindalco and Ranbaxy. Added to sell side today. This time i am both short and long on different stocks. So that thing kind of creates a worry. As one trade can be losing and other winning. So no profit no loss type of situation.
Can any body suggest about the metal index. Is there any further fall left in that.
Nifty has more chances to go to 5485-5500 till the end. after which a fall can be there. Did any once noticed the bearish wolf appearing on Spot nifty charts. Its massive. Check it out.
Can any body suggest about the metal index. Is there any further fall left in that.
Nifty has more chances to go to 5485-5500 till the end. after which a fall can be there. Did any once noticed the bearish wolf appearing on Spot nifty charts. Its massive. Check it out.
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