Long or Short Opinion

[simple_trader]

Earlier I talked about swing short in ACC at 910 around. ACC tested 200 DMA on Friday. And one needs to be careful in further shorting in the stock.

happy trading!!

 

[rajputz]

Trend Decider for nifty tomorrow on Future is 5017. Above it may touch 5058 5084(Least Possible). Downside targets trading below 5017 can be 4990 4950. Whenever i comment least possible, Opposite of it always happen. So be cautious.

Told you so....Opposite always Happen....:lol::lol: :rofl::rofl:

 

[simple_trader]

As per my understanding, SAIL and TATASTEEL are showing sign that these will give bounce early next week. Do not know bounce will sustain or not, but won't be surprised if bounces 5-6% in first two days of next week.

happy trading!

TATASTEEL future is already up 5%.

 

[simple_trader]

One data point about bank NIFTY and big banks.

Almost all big banks (SBI, ICICI, AXIS etc) added good OI in PUT option on Friday.

One needs to watch them closely on next week, may be bank index is at support.

But needs confirmation for initiating trade.

Also I feel, though global markets are in weak spot, one needs to give good respect to 200 DMA in chart. Hence my thinking is fresh swing shorts around 4950 NIFTY has good risk.

Happy trading!

As suspected Banks gave good bounce!!

 

[simple_trader]

As per my understanding, SAIL and TATASTEEL are showing sign that these will give bounce early next week. Do not know bounce will sustain or not, but won't be surprised if bounces 5-6% in first two days of next week.

happy trading!

SAIL as well up 5%.

 

[simple_trader]

As per my understanding good chance that market will be range bound tomorrow or even we can see intraday correction in market tomorrow.

I believe this is over all up swing which can go to 5500 around.

Also, 5500 around up move will be setup for a bigger correction later.

Happy trading!

 

[goodstocks]

The sharp bounce we had today may not last long.Nifty in the medium term may slowly come down as more and more people get trapped in the meantime.This is my opinion.

 

[simple_trader]

Though it is tough to comment on intraday moves. I am expecting NIFTY to trade in the range of 5135-5235 future. Which means we could see some intraday correction today, to take more short for the up move!

Happy trading!

 

[rajputz]

Check HDFC and Divislab for buy. Both are giving trend continuation to upside.

 

[rajputz]

Check tata motors also. Giving nice reject to downside.