Long or Short Opinion

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rajputz

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For last few days i was waiting for nfty to go above 5265 and close above it. But even after its closing above the major support level of 5260, i am not convinced about the solid upmove for nifty. Means if there was so much upside, then from where did the selling come into the end.

Just for a view i was checking the major shares, for which i can enter into buy side. But couldnt found any which can convince me 100% for the further upmove. Not even a single. Though i found some, but there charts were conflicting some where in the end.

The shares which gave me sell signal are: -

1. ABAN
2. TATASTEEL
3. ACC

Scanning more if i can find. You too please check if any thing looks good for buying.
 

praveen taneja

Well-Known Member
For last few days i was waiting for nfty to go above 5265 and close above it. But even after its closing above the major support level of 5260, i am not convinced about the solid upmove for nifty. Means if there was so much upside, then from where did the selling come into the end.

Just for a view i was checking the major shares, for which i can enter into buy side. But couldnt found any which can convince me 100% for the further upmove. Not even a single. Though i found some, but there charts were conflicting some where in the end.

The shares which gave me sell signal are: -

1. ABAN
2. TATASTEEL
3. ACC

Scanning more if i can find. You too please check if any thing looks good for buying.
SBI , RIL , R cap:thumb: for minimum of one year investment horizon:clap:
 

rajputz

Well-Known Member
SBI , RIL , R cap for minimum of one year investment horizon
Praveen bhai...

Pehle Roadpati se hazarpati hua hoo....:thumb:

now next dream to lakhpati...:lol:

then lakhpati to crorepati....:eek:

Uske baad itni lambi investment kiya karunga...abi to 1-7 days is much...itni patience nahi hai wait karne ki...1 saal ke liye pet pe laat pad jayegi...
 

rajputz

Well-Known Member
Check the chart of TATASTEEL. if nifty faces resistance to move above, then shorting can be done. Its week upon CCI, Stochastics, RSI and Pivot system. Pivot low is broken suggesting further downward move.

Price is also standing between 20 and 34 ema so be cautious as price can move to either side with nifty. My shorting point will be 648 for target near to 635.

if cci hooks to upside giving a reject to downside then will buy it at 663 for target 683.

price is standing in no trading zone of 648 and 663. Above or down it is trading zone for me.

5274 is trend decider for nifty tomorrow. Will stay short below it and long above it.

Check the charts





 

rajputz

Well-Known Member
Reliance is also showing strength at the moment. ZLR has occurred on Adaptive CCI, and price has also managed to close above its 34 EMA 1073. Although confirmed signal will be crossing of 20 EMA also at 1082.

1075 is the trend decider for Reliance.

Between 1075 and 1052 is no trade zone. Short or Long above or below that only.



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