Long or Short Opinion

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praveen taneja

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TATA STEEL seems to be around swing support 520 future and SAIL is as well between 204-205 future (support).
I cant comment on SAIl. But feels like rore downside will come on tata steel.
sorry to enter between u senior guys but instead of entering in commodity better spend on ur Girl friend as it looks commodity is soon going to see its magic chances are 30% up and 70% down any side 25% from here:thumb:
 

praveen taneja

Well-Known Member
Lol...

nifty made a low of 4970....Repecting the Figure yet. lets c if it breaks or take support at this point.
I am waiting for 4860 Reason I myself dont know:thumb:
I am on 1000 put may and 1050 call june of RIL becoz I love Mukesh Ambani
uski company chahe doob jaye usmein trade karne pe wo mujhe loss nahin hone deta:clap: God is gr888888888
 

rajputz

Well-Known Member


reliance gave a tonytrade on Firday. go long above 1055 only. Stay Short below 1047.

Colpal is looking good for shorting at 734/731.

I am paper trading Tatapower Short at fridays Close price. It was a nice ZLR.

JSWSTEEL gave a bg100 yesterday. Trend can be downside.

Infosys already formed a downtrend, and also gave a reject to downside. Closing below 2604 can bring more downside.

paper Trading ICICIbank, Cairn, bharatforg, NIFTY and HINDALCO Short on fridays closing price.

On daily charts the price has just reverted near the 20 and 34 EMA. CCI hook of ZLR is also good. If downward moves continue, i expect nifty to b around 5018 / 4966 / 4874.
Reliance down at 1012 -3%

Colpal at 729 after making low of 1012...rose again...

tatapower 1310 -1.88%

jswsteel 1154 -3.47%

Infosys 2591 -2.30

ICICIbank 890 -2.37%

cairn 283.30 -2.78%

bharatforg 258 -3.19%

Nifty touched a low at 4970 and taking support, dow -2%

Hindalco 162 -0.90%

May be because everything is down, everything caught right.
 

rajputz

Well-Known Member
All i understand from last two days is, I need to signal widout considering the profit and loss. even if system gives losses, the profit cover ups all. I was trading Bar replay in Nifty from aughus 2009 yesterday widout looking at the price charts. I hid the price window and just my cci panel. I got the entry at 3:14 pm and exit next signal at the same timing. I got lot of signal in which only 1 stoploss hit on nifty. Some time for 10 days or more there was no signal. Some times there was 10-20 points. In the end when i made the calculation. In last 8 months it gave me total of 1243 points on nifty.

On stocks i was getting lot of whipsaws. Checking that now. I am interpreting the signals wrong some where. need to study again.
 
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