Long or Short Opinion

[scplindia]

if you want to benefit from RIL results, wait till monday morning to go long, as we donot know what will happen to the US market overnight, as it has been holding 18 month highs for quite some time without taking a breather.

 

[goodstocks]

Thanks Rajptz,

Nice fall in Hindalco.The most accurate one.

 

[praveen taneja]

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.

if you want to benefit from RIL results, wait till monday morning to go long, as we donot know what will happen to the US market overnight, as it has been holding 18 month highs for quite some time without taking a breather.

on monday morning buying 1100 call & put is much better as it can show 1050 or 1140 bcoz all know what is there in D6:lol:

 

[prst]

When are the results of RIL and Tata motors?

 

[chaitanyagoa]

When are the results of RIL and Tata motors?

I think the results Of reliance are on the 23 of this month....:thumb:

 

[rajputz]

SBI will Start rocking to downside. Not in a day but will do. I have seen a very strong trend continuation pattern on weekly charts. Although it can be a false one and can give a reject. But Still we need to be cautious before going long. Weekly charts gives us the bigger picture of what the professional money is upto. Currently the pressure is down. Dont open Long position on SBIN.

Have a look. Classic Zero Line Rejection for continuation of Downtrend. Also a reversal from top trendline. Selling at the current price if continues, then it will be perfect entry.

If the trend Continues to dowside in coming weeks, then we may see a Exact Selling at top entry.

 

[rajputz]

Nifty is looking weak over the technicals, also i am hearing some bad news from US markets which suggest that further downside movement can continue. Towards target of 5174. Horizontal Resistance line broken failed to survive to upside, and also the secondary trendline is broken over the logarithmic price chart. Fibonacci Retracements are suggesting a further move to minimum of 5174. Be cautious on long side yet.

P.S. - These are my personal view. Price can go any where, disrespecting my opinion.

 

[rajputz]

Bajaj-Hind has given Zero line rejection at perfect place near the 20 EMA. Giving further dowside move. LSMA is still green so we need to be cautious while shorting. In my intention this share has gone all the way down, when nifty was heading down. It can behave opposite to nifty also.

 

[rajputz]

HCLTECH also giving the trend continuation signal to downside. Reverting back from 20EMA. This is the perfect moment for selling the top and buying at the bottom.

 

[rajputz]

Bajaj-Hind has given Zero line rejection at perfect place near the 20 EMA. Giving further dowside move. LSMA is still green so we need to be cautious while shorting. In my intention this share has gone all the way down, when nifty was heading down. It can behave opposite to nifty also.

Todays Bar of Bajaj-Hind