Long or Short Opinion

[scplindia]

agree with you Suzlon and sail. Market looking very weak now, Out oFSuzlon at 73.50. looks like it is going to have a free fall. Do you suggest shorting it for some good gains along with sail.

Dow has scaled 11000, hence profit booking is on cards.

FII cash flow has now reduced, which I consider as the biggest indicator. Should look at going long on IT stocks.

 

[rajputz]

Just waiting before taking any position....

 

[chaitanyagoa]

my opinion is, it will fall towards the end due to some profit booking!!. but shorting is a tricky thing. It may not fall easily in next 1 hour.

Better to leave it for the day.

Hey I squared all my positions of CNX IT and calls of Infosys and TCS..... I am still positive on Infosys ... but the overall outlook is negative...... Also i bought a INfy 2600 Put..... Just in Case...

Thanks

 

[rajputz]

Hey I squared all my positions of CNX IT and calls of Infosys and TCS..... I am still positive on Infosys ... but the overall outlook is negative...... Also i bought a INfy 2600 Put..... Just in Case...

Thanks

You might want to square of short position if tomorrow is the test of supply....what i mean is that have you seen the volume and spread today on infosys...

 

[chaitanyagoa]

I have exitted yesterday only bro...it was weak so it was better exitting...wont be doing stock options any more...they are not liquid...if stock starts the opposite movement, the bid offer also goes opposite and gives a lesser gain or more loss...Currently i only have hindalco put strike 170 bought at 2.20...but that also doesnt seem going any where...

I think u have squared it off a little early ....... it is at a major support level.... Also Suzlon is a high beta stock and can move up very quickly..... I am not very positive on the atock but i am still holding it....

U also have to notice that it is not only Suzlon that is going down... it is the whole Real Estate sector......

 

[rajputz]

I think u have squared it off a little early ....... it is at a major support level.... Also Suzlon is a high beta stock and can move up very quickly..... I am not very positive on the atock but i am still holding it....

U also have to notice that it is not only Suzlon that is going down... it is the whole Real Estate sector......

Frustrate kar diya chaitanya is suzlon ne...and now hindalco also...niche nhi aa raha...i learnt one more thing this time...not to go in both buy and sell in future...choose one side of the market...

 

[chaitanyagoa]

looks like a dream, but can it come to realityl....No...i dont this so this wolf will be respected....isse pehle hi jute mar ke fail kar diya jayega...what you say guys...4200-...Possible

Nifty is giving huge price fall on CCI. Ghost's neck line is broken...

Stochastics and RSI are weak, and also RSI has given negative divergence with price.

It is not going to go to 4200 Dude!!! Not happening this year atleast....:thumb:

 

[chaitanyagoa]

You might want to square of short position if tomorrow is the test of supply....what i mean is that have you seen the volume and spread today on infosys...

yes Raj u are right,

But i get a feeling that we are in for a correction..... Something is really bothering me...... As far as the PUt goes... it is dirt cheap so i can still hold it for some time... wont be the end of the world.....

 

[rajputz]

It is not going to go to 4200 Dude!!! Not happening this year atleast....

:lol: :lol:

:rofl: :rofl:

 

[chaitanyagoa]

Frustrate kar diya chaitanya is suzlon ne...and now hindalco also...niche nhi aa raha...i learnt one more thing this time...not to go in both buy and sell in future...choose one side of the market...

Y did u buy and sell....... Incase u do that u have to have a strategy.... which i am unaware off!!!!! I see no point in buying and selling the same stock when we dont have a strategy