New Intermed Uptrend!!

[Saint]

SAINT

Just wanted you to know that YOU and your WARM posts are MISSED dearly today!

If you are hibernating today because of the hurt from the loose foolish comments of VINI, then my sincere request is...... DONT!
VINI is not worthy a reason for you to stay away from the hundreds of members here, who genuinely love you for the warm & sincere PERSON you are, and who truely look up to your educative inputs & responses with a real desire to LEARN from the wisdom you impart!

On behalf of one & all here, I take the liberty to request your presense out here amidst us. Please COME BACK!!

Hi JIMMTrader,

Sorry,my friend,I was neck deep in too many trades today..........but your kind words are most sincerely appreciated.I must admit that I was hurt but I also have many good wishes the last few months to disregard what Vini had to say.

Anyway,we are all here to learn,we are here to trade,and we are here to make profits and laugh our way to the bank.........may we all help each other out in our common endeavour!

Wishing you all the best!
Saint

 

[Sandy]

Hi Saint!!

Need your advice. Would you be able to shed some light on Birla Ericsson? Not sure whether I should hold it for some time or is it better to book loss (holding @ 39) and get out of this counter.

Please share your thoughts when you get a chance......

Thanks,
Sandy

 

[Saint]

Hi Saint!!

Need your advice. Would you be able to shed some light on Birla Ericsson? Not sure whether I should hold it for some time or is it better to book loss (holding @ 39) and get out of this counter.

Please share your thoughts when you get a chance......

Thanks,
Sandy

Hi Sandy,

BIRLA ERICSSON : If this takes pivot here ,we are still looking at ahigher pivot low on the weekly and monthly and a continued move up.Also,we are now at an area of very strong support stretching from 1996 till now,this area of 32-35.........HOLD for now.But bail out if this support area starts to crack.Put an arbitrary stop at 31.5,and let's see what happens.If stopped,take it..........you would not want to ride this downwards,and get into hope n pray mode.

All the best!
Saint

 

[nkpanjiyar]

SAINT

Just wanted you to know that YOU and your WARM posts are MISSED dearly today!

If you are hibernating today because of the hurt from the loose foolish comments of VINI, then my sincere request is...... DONT!
VINI is not worthy a reason for you to stay away from the hundreds of members here, who genuinely love you for the warm & sincere PERSON you are, and who truely look up to your educative inputs & responses with a real desire to LEARN from the wisdom you impart!

On behalf of one & all here, I take the liberty to request your presense out here amidst us. Please COME BACK!!

Well Said JIMMtrader. Saint omit and forgive that guy and come back full fledgedly. We love to read your posts coming frequently. We are with you.

cheers,
nkpanjiyar

 

[Saint]

Well Said JIMMtrader. Saint omit and forgive that guy and come back full fledgedly. We love to read your posts coming frequently. We are with you.

cheers,
nkpanjiyar

Thanx NK for your warm remarks.........most sincerely appreciated!

Saint

 

[psrikant1978]

Hi Saint,

What do you think about Satyam Computers?.
Should I hold?

What is the stop loss, target for this stock.

One more question. Since I am a newbie. Can I buys shares on NSE and sell it on BSE?.

Thanks
Prashanth

 

[Saint]

Hi Saint,

What do you think about Satyam Computers?.
Should I hold?

Thanks
Prashanth

Hi Prashanth,

What is your entry point?

Saint

 

[psrikant1978]

Hi Prashanth,

What is your entry point?

Saint

I bought it at 590.00
What is the target on this?.

Can i buy shares on NSE and sell it on BSE and vice versa.?

Thanks
Prashanth

 

[psrikant1978]

Hi Saint,

I had a question on stop loss orders?.

Here is a scenario.

1) I buy a stock for 300/- (How is the stop loss calculated?)
2) Should I put in a sell order with a stop loss on it every day so that I don't lose on that stock?.

Thanks
Prashanth

 

[Saint]

I bought it at 590.00
What is the target on this?.

Can i buy shares on NSE and sell it on BSE and vice versa.?

Thanks
Prashanth

Hi Prashanth,

We are in an area of strong resistance stretching back to the year 2000........careful,my friend.We are in an area of lots of supply,meaning lots of sellers here around the 630-645 mark.Moreover,you chased this one quite a bit.

Here's what you do,raise your stop loss to 590......which is your entry price.If you get around 620-625,exit.......be happy with your gains.If this starts falling,get out by 590.Re-enter at some lower price later.......don't waste time,energy and emotion running down with it if it falls!

This market is still very iffy....stay on the sidelines for now,my friend,until we get some sort of a correction.

All the best!
Saint

ps:Yes,you could buy NSE and sell in BSE once delivery is done.