Nifty Futures Trading Part 2 (Positional)

[renu daga]

Off the topic : Suzlon looks good to buy betn 56 - 58 region. Stop loss may be kept at 55.50, if triggered next support at 8.70/_.

if possible pls post te suzlon chart

for me

 

[mitasatyajit]

if possible pls post te suzlon chart

for me

The chart is not ready in hand. The levels were calculated as per Elliot baba with very little knowledge of Elliot baba. Satyam can say better than me.

 

[satyamsit]

looks like a ascending triangle?
5 mins now resting on lower trend line

suggestyions please.

asc triangle or inv H&S as mentioned above both had to crack 2735 for any upmove .... cud not.. i am on for a gap down on monday.

 

[xtalk]

Satyajit dear, Suzlon fundamentally broke also its well below 100% fib retrace, NOT a buy till dust settle.


Nifty 2600 levels (lows of 2006 crash) may not hold , waiting for Obama magic rally on Nov 4 otherwise...2100 (approx 78.6% fib level of last bull market on semi-log scale)

phew!

 

[mitasatyajit]

Satyajit dear, Suzlon fundamentally broke also its well below 100% fib retrace, NOT a buy till dust settle.


Nifty 2600 levels (lows of 2006 crash) may not hold , waiting for Obama magic rally on Nov 4 otherwise...2100 (approx 78.6% fib level of last bull market on semi-log scale)

phew!

I have taken some Suzlon today at 56.20 with stop loss 55.50 on the faith of Elliot. If stop triggers, I shall not take this stock in my portfolio. Not concerning about fundamental, this is a technical buy.

As there is shotage of previous data, Line baba cannot say the support.

 

[mitasatyajit]

Lo, Suzlon stopped out. There is no picture of buying now. Even FM could not resist 10% fall in Nifty.

 

[the tape]

Can anyone tell me If short selling is banned, would it be so for FII'S or retail too ?

 

[uasish]

1 thing i will do today ,at Mkt closing,Buy Nov, stk 3400 CE try to get at closing price,bearable Qty only.

 

[kapil123]

Can anyone tell me If short selling is banned, would it be so for FII'S or retail too ?

The controversy regarding ban on short selling relates to FII who are allowed to borrow the shares and short in the cash segment and they do not have to close the position intraday. For retail the shorts in the cash segment have to be closed on the same day.

Now coming to futures, a ban on short selling means closing the F&O market, as one can go long only if somebody else is short.

 

[learn2trade08]

i dont think they will ban nifty shorting...probably index specific like realty or banking or metals...in u.s only financials were banned....
then i guess options volume will increase...

Can anyone tell me If short selling is banned, would it be so for FII'S or retail too ?