Long or Short Opinion

[rajputz]

Nifty has broken all the support levels today giving weakness for the further upward move. CCI has given a horizontal trend line breakup suggesting the change of trend, or at least another down day. Stochastic and RSI are supporting the down move. Adaptive CCI has also given a Ghost confirming the down move. Macd has also reverted to downside. Pivot system has also broken the lower pivot giving further trend continuation.



Hindalco is looking weak over daily charts, taking support everyday near its 20EMA. CCI has formed a famir pattern, giving a trend reversal to downside. Breaking of this 20EMA(177) may lead to support near the 34EMA(172). Stochastic and RSI are also supporting the down move.





State Bank of India took resistance near its long term downtrend line, surrendering its gain by breaking the major support of 20EMA 2075 and 34EMA 2063, which suggests a further fall for the stock. Adaptive CCI has given a ghost pattern for trend reversal, along with Classic CCI giving ghost and a Vegas trade for further confirmation. RSI and stochastic are also supporting the down move. Macd has also reversed to the downside.

Intraday Charts of Nifty, Hindalco and SBIN

​

 

[simple_trader]

i guess all have this in mind of day trading - where is support for NIFTY today. My sense support is between 5230-40 future rate. we can see some bounce from this range.

I do not mean that we can not break down below support

happy trading!!

 

[rajputz]

Classic ZLR has occured on 15 min charts SBIN, hindalco, Nifty Spot. Good time to place the shorts. But keep the tight stoploss.

 

[praveen taneja]

I m short from 5278 tgt 5225 sl 5311 but i feel sl is high and tgt is less any comment?????

 

[rajputz]

I m short from 5278 tgt 5225 sl 5311 but i feel sl is high and tgt is less any comment?????

SL 5304 is right i think Praveen bhai...target seems to be around 5210, 5192

 

[praveen taneja]

SL 5304 is right i think Praveen bhai...target seems to be around 5210, 5192

shorted 78 covered 63 again shorted 70 covered again now on no trade in hand RIL call took but exit with 2.50*300:lol:
Indian acrylic taken at 5.85 around 2000 in the morning can u tell me what it look like its in B category and in BSE my Rs 20000 at stake so pls hurry bro:thumb: Thnx in advance

 

[rajputz]

shorted 78 covered 63 again shorted 70 covered again now on no trade in hand RIL call took but exit with 2.50*300:lol:
Indian acrylic taken at 5.85 around 2000 in the morning can u tell me what it look like its in B category and in BSE my Rs 20000 at stake so pls hurry bro:thumb: Thnx in advance

Sorry bro...No data for BSE...i only Track NSE....

 

[pradeep.chandra]

Reliance April Call 1100 , 1120 & 1140
can be bought ?

 

[rajputz]

Its a risky buy according to me...

 

[scplindia]

Reliance April Call 1100 , 1120 & 1140
can be bought ?

can consider going long on RIL with a SL of todays low. It is fundamentally a strong stock, but now looks weak on charts. Signature on charts can change with news in less than 1/2 hour on RIL. Hence you have to be very very careful.
Most often, news will come after the stock has reacted like the last two days fall. The news is only known today, to we retailers, but the stock fell over 5 percent to 1071.