Long or Short Opinion

[AlokTewari]

Re: Ekc

Guys please check EKC. Looks good for upmove. Monday should be a big gap down & if sustains after gap down may be good to go long in Breakout stock or stocks good for upmove like Mphasis, BRFL, LIChsgfin, Mcdowell, Biocon, EKC, Cairns, Uniphos. During May month Nifty is likely to seek lower levels hence would be good idea to stay short in Nifty & intraday long in Breakout stocks specially those which are not Nifty stocks. Sugar stocks like Bajajhind & Renuka too look good for bounce in short term.

For upside : Sugar stocks ( Renuka & Bajajhind ), EKC, Mphasis, BRFL, LIChsgfin, Mcdowell, Biocon, Cairns, Uniphos
For downside : Nifty, RIL, Albk, ABB, Siemens, Recltd

Technical guys please post your views on above

Cheers !!!!

Alok Tewari

Hi,

Bajajhind & Renuka are being quietly accumulated & should show upmove in a day or two. EKC shot up like rocket today & now has resistance around 135-136 Above which it should move up again. Mphasis is consolidating & will target 705+ soon. BRFL, Mcdowell & Uniphos are already moving up. ABB & Siemens fell like pack of cards today. Nifty is now around make or break levels. I like these simple predicatable days when there is such clear demarkation what will go up & what will come down.

Cheers !!!!!

Alok Tewari

 

[rajputz]

Dont enter long on sesagoa yet. Lower pivots are broken for sesagoa, suggesting further fall in price. Check the chart.

Sesagoa Update....

 

[chaitanyagoa]

Sesagoa Update....

Agree.... Don't go long on SesaGoa......

 

[chaitanyagoa]

Folks US is tanking iinspite of better than expected results, Greece bail out etc... which is not a good news at all.. It shud atleast close with a 100Point gain.... Greedy me...............:annoyed:

 

[chaitanyagoa]

Can anybody check SAIL, MARUTI, NTPC, RELCAPITAL

Keep away from all these stocks for the time being.... Maruti is a buy... but better to wait for a day or two....

 

[chaitanyagoa]

Stay away from SesaGoa...........

 

[simple_trader]

Keep away from all these stocks for the time being.... Maruti is a buy... but better to wait for a day or two....

As per me for time being maruti is weak. One long trading opportunity may come on the way, just 5-6 days before expiry. It may do short covering during that time.

Supporting factor is 1300 PUT has highest OI. But we need not hurry now.

 

[simple_trader]

SAIL is having one trading opportunity as per me, 220 may call put can be written for 15 points now. can give 7-8 target in next 7-8 days.

 

[rajputz]

SAIL is holding the trendline yet. Lets c if it is broken today or in coming days.

 

[rajputz]

NTPC Also Struggling to go up. But not moving. One day up. Another day down. Although yesterdays volume were too much low on NTPC suggesting there was no serious selling in market in such a down day...where as on friday it was all buying.