New Intermed Uptrend!!

[shoeman]

Saint saint saint saint saint is everywhere

 

[Saint]

Hi Saint,

mkt is 3044 now.
Whts your view on mkt now onwards

Hi BB,

If we end the day clearly below 3056,this uptrend that started in June is over.Whether this takes out previous lows and proceed lower,or if it holds and makes a higher pivot low is anybody's guess.

From a short term NIFTY trader's perspective,time to get out of your NIFTY longs.

From an intermediate perspec,if this makes a higher pivot low on the weekly charts,interesting to get back in long then......else,for now,short if you are okay with that.Or stand aside and wait for now.

Saint

 

[Agilent]

Hi Saint
Take your time on OMC's, crude is not likely to cool off in a hurry nor will the Left allow any more fuel rate hikes
Regards

I foresee petrol at 70 to 75 per litre in a years from now ... Left or no Left . Somewhere I read today ...crude has entered the beginning of the last phase where price spikes can be expected (Oh God help us !)

In B'lore its already 55+, so that's just 30 % appreciation if it happens. C'mon now, that's meek compared to the 'cap gains' of 100 % plus many of us wd have made each of last few yrs (I know that's like comparing apples etc ... but still)

AGILENT

 

[Saint]

Re: Dear Saint: AFTEK INFO

Can I enter Atek at 59-60 level? It is in a short term uptrend. Can you give me entry and exit point. It is a risky stock!

Thanks,
Pranaw

Hi Pranaw,

Stay away......remember ,always try to make money off something that gives you higher odds of success.Of course if you are trying to get only a Rs2-3 move,that's another issue.

Basically,AFTEK INFO is in a downtrend on all longer time frames,yep,looking like a shorter term uptrend on the daily charts...........but careful on trading long on a longer term downtrend.You could buy at 55,be thrilled that it ran up to 62,and then ,slam dunk,before you know it,you could be sitting at 45.

So,very very careful,.........unless if you are an experienced nimble shorter term trader who has calculated his risk rewards,and money management well......then no probs.

Happy Trading!
Saint

 

[shrinivas]

Ahh saint,

nice to see you in action so nicely...yes, markets red again...now it touches the old lows, or breaks it..or does something else..we have to wait and watch.. but i never try to catch the bottom..entered in last 15 mts in market today.....made positions in ashok leyland and mtnl at rock bottom..don't worry, i have my s/l in place this time..eyeing drastically for other stocks now... the action is still left.
It's hard to see market falling..but truly from some corner of my heart, i'm enjoying and getting ready to reap profits this time..

and huh,,NO OVERTRADING......

the best time to buy is when noone is buying..and that time is near..


all the best

ganeshhity

 

[shrinivas]

yup, i forgot to mention..i've invested less than 25% of my money now. 75% still there with me to pump in

ganeshhity

 

[Saint]

yup, i forgot to mention..i've invested less than 25% of my money now. 75% still there with me to pump in

ganeshhity

Great going,my friend!

Saint

 

[shrinivas]

Great going,my friend!

Saint

thanks saint..any other giant..that passes through your scanner eyes in this market.....or the one I'm noticing are the same as your list.........

ganeshhity

 

[Saint]

Saint saint saint saint saint is everywhere

........This Saint is sometimes somewhere,sometimes nowhere,but never everywhere!

A warm welcome to you to the Traderji Forum,and hope you benefit from being here.Wishing you all the best!

Saint

 

[Saint]

thanks saint..any other giant..that passes through your scanner eyes in this market.....or the one I'm noticing are the same as your list.........

ganeshhity

Shall keep you updated,especially once we get higher pivot lows on the weekly charts,then you'll get a host of juicy ones to dig your claws into.

Saint