Long or Short Opinion

[rajputz]

Foriegn Market updates -

Dow +143, Nikkei Closed, Nasdaq +38.

Yday FIIs -387 cr in Cash, -1377 cr in FnO. DIIs -107 cr in cash.

 

[simple_trader]

It very difficult market to make money in NIFTY and NIFTY stocks.

Even though volatility index is low, in real scenario, nifty in volatile in narrow range, which makes difficult to trade and make money except writing option.


ranbaxy as per me, 455 spot around is swing resistance. Can give good return in down side.

it is better to avoid reliance for time being. it may be volatile, once forms base, it can give buying opportunities.


ACC may have a down side to 810-820 around. I expect it to fall gradually.

happy trading!!

 

[simple_trader]

It very difficult market to make money in NIFTY and NIFTY stocks.

Even though volatility index is low, in real scenario, nifty in volatile in narrow range, which makes difficult to trade and make money except writing option.


ranbaxy as per me, 455 spot around is swing resistance. Can give good return in down side.

it is better to avoid reliance for time being. it may be volatile, once forms base, it can give buying opportunities.


ACC may have a down side to 810-820 around. I expect it to fall gradually.

happy trading!!

Just to add one more thing. though 5200 PUT has highest OI till now, 5200 and 5300 calls are adding OI for last two days.

It may be possible eventually NIFTY break 5200 level in this week.

INFY seems to be breaking down in chart. may fall to 2600 -2580 spot.

regards

 

[simple_trader]

It is difficult to judge intraday moves. but my sense nifty may get support around 5185 spot. may be careful in intraday shorts now.

 

[chaitanyagoa]

Just to add one more thing. though 5200 PUT has highest OI till now, 5200 and 5300 calls are adding OI for last two days.

It may be possible eventually NIFTY break 5200 level in this week.

INFY seems to be breaking down in chart. may fall to 2600 -2580 spot.

regards

where are how do u check the Higiest OI? can u please explain?

 

[chaitanyagoa]

Dudes!!!

I think this is it... We are going for a Deep correction now..... Nifty has broken the 5180-5160 support levels and Now Dow is down by 150 points.....:annoyed:

So i guess We re going south....

 

[rajputz]

I too feel the same about nifty. CCI has formed a downtrend. Continuous 6 Red bars and followed by a ZLR showing a trend continuation to downside. Even the volumes are increased on Nifty.

Cowbunga also gave the sell signal yesterday but i was not having data for study so couldnt notice. Stochastics and RSI are suggesting further fall coming.

Closing below 5192 was necessary for further downside, and it was broken badly today. Pivot based turtle trading is also suggesting further selling or downside move in nifty.

Trend Decider for tomorrow will be 5165. Stay short below it. Above it no trade zone. 5165 can be the shorting point with Stoploss of 5203/5229. Targets can be 5093 / 5055 / 4983.

 

[rajputz]

AmtekAuto is looking good for shorting at the current scenerio. price just reverted from the major resistance of 20 and 34 EMA at 185 giving a ZLR trend continuation to the downside. Further downside is expected. Other indicators are also showing the downside move coming.

 

[rajputz]

Alstom Projects APIL is also showing a further downside movement. Pivot low is broken (591), which suggest further downside in the price.

 

[scplindia]

Rajputz,

We missed out good shorting opportunity on Tisco and Sesagoa, at 651, 445, since your system was saying no trade zone. Well nobody can guess news based sell off, and charts did not show that, NOT TRYING TO find fault, may be we can use this to improve our studies and profit from such steep falls.