Long or Short Opinion

[praveen taneja]

Praveen bhai
mein news ko nahi dektha mein kabroon mein nahi padta
news paisay sae kharidi aur bechi jaati haiin

aban or sunpharma girte market mein badeengay aaj

All I know is buy on rumour and sell on news
yday all talking good result today now all exiting as next result bad expected:thumb:

 

[rajputz]

Dear raj,
it is good time to start with suzlon, till now i didn't touch that.

Hi vssoma,

Didnt got a buy signal yet, but still good for investment purposes. Praveen bhai b bol rahe the ki is price pe apne bacho ke liye lenge...as far as trading is concerned, didnt got a signal yet.

 

[praveen taneja]

If close above 4840 would enter in suzlon baki upar wale ki marzi

 

[simple_trader]

If this short covering sustains, we can not rule out 4930 NF today.

 

[rajputz]

Upper gap will be filled atleast once...

 

[simple_trader]

HI St,

I just checked ACC. For me there is no sell or signal yet for the stock. Moreover it can slide down if it closes below 851. The CCI system i check and Stochastic RSI are not giving any signal Yet. Pivot system though suggestes that if it closes below 851, then we can see some downside. Trading above this it can bounce back, as it is standing in the long time support range of 824-855.

Also as you mention that 200 DMA is important, then you might see that it take resistance to go up just neas the 200 EMA and also closed below it, and also just below 20 and 34 EMA. With adverse market condition one can short below 851 only.

Like ACC for swing long in cash (830-50 spot range). Once NIFTY make the base, it can be considered for up swing. Broadly NIFTY seems to be approaching towards weekly band support 4725 spot around.

Thank you for sharing your view.

 

[simple_trader]

Other One is HDFC Bank, which seems to be taking support above last two tops after breaking out. It may be good for up swing.

Catch here is, over all market has to come out of correction for any of these to click.

1800 spot was top earlier, it broke out of it in 2nd attempt and retraced to that level. As of now it has taken support above 1800. We need to monitor it.

 

[rajputz]

Once nifty creates a base, then we might see every share as a buying opportunity. These are the ones i am keeping a close eye on.

1. tata Motors
2. Tata Steel
3. Reliance
4. IciciBank
5. Suzlon
6. Sail
7. maruti
8. Relcapital

 

[rajputz]

Hi ST

couldnt understand your comment about hdfcbank

 

[rajputz]

BEML - SHORT

I am finding more downside to come on BEML. Price has reverted exactly near the 20 and 34 EMA, giving a CCI hook to downside, and stochastic RSI are showing weak movement. Closing below 964 can take the price to further downside levels. MACD is already weak for the stock.

Fresh short for intraday can be opened on corssing of 975 for target of 961 948 926. Stoploss at 983.

Check the charts: -