Positional/intraday Trading Tips

[Dev Mookerji]

OYE KAKKE,I DON'T FEEL BAD FOR ANYTHING,,I AM USED TO ALL THIS,INFACT I KEEP SMILING LOOKING AT ALL THIS,I AM TOO BUSY COZ OF NEW TRADING METHODOLOGIES[V.COMMON ONES] TO BE STARTED IN MY NEWSLETTER AND A FAMILY FUNCTION SO MAY NOT BE ABLE TO WRITE MUCH ANYWHERE.

BEYOND THAT JUST CORRECTED YOU ON VFMDIRECT,58.70 IS A FAKE PRICE OF IFCI THAT FLASHED YESTERDAY,CHECK INTRADAY CHART OR FUTURE'S PRICE TO COMPARE AND TODAY'S HIGH IS HIGH OF IFCI.

hi hitesh,

Regarding IFCI price plz check, the price of 26 July 1995. It touched 58.50 mark on that day.
If we consider that yesterdays price was a fake one then also the pattern is valid. Hence 58 area will be a resistence area/double top area, until it overcomes that.

dev

 

[hitesh sabharwal]

Tips for friday and bbye
NIFTY(spot): POSITIONAL TRADING TIP:ON THE WAY UP KEEP SHORTING NIFTY,TILL THE TIME,IT DOESNT CLOSE ABOVE 4339,KEEP INCREASING SHORT POSITIONS AND FINAL BREAKDOWN WILL COME IN NIFTY WHEN BREAKS 4247.
NIFTY WILL SOON COME DOWN TO 4217 AND 4175 LEVELS.[FOR POSITIONAL TRADERS DOING MORE THAN 3-4 LOTS ATLEAST]

TODAY:AT HIGHER LEVELS IF NIFTY TRADES BELOW 4298,GO SHORT WITH A TARGET OF 4267,4250.STOPLOSS 4311.[FOR INTRADAY TRADERS]


WE HAVE BEEN WRITING 4301 AND 4311 LEVEL OF NIFTY AS BIGGEST RESISTANCE,UNLESS AND UNTIL WE CLOSE ABOVE THEM,MARKETS WONT BE VERY BULLISH,SO KEEP BOOKING PROFITS AT HIGHER LEVELS IN ALL ,LONGS.

RELCAPITAL:
NOW RELCAPITAL Today:Short only if trades below 1073,stoploss 1090,Go short target 1055 and 1045.

POSITIONAL TIP:CAN KEEP SHORTING ON THE WAY UP WITH A STOPLOSS OF 1117,MAJOR BREAKDOWN WILL HAPPEN BELOW 1073,TARGETS 1039 AND 1024.IT WILL COMEDOWN.

PRAJINDUSTRIES:If trades below 464,short it for a target of 455 and 452.[INTRADAY TIP]

POSITIONAL TRADERS CAN SHORT IT ON THE WAY UP AND ESPECIALLY IF TRADES BELOW 464,TARGETS ARE 445,437 AND 426 SOON.TILL ITS BELOW 481,ITS VERY WEAK,MAJOR STOPLOSS IS AT 491.
IF SHORT BELOW 464,KEEP 481 AS STOPLOSS.

 

[renu daga]

hi hitesh,,
praj has been falling down,,
why?
one news,,,rakesh jhunjhunwala has sold his portfolio of praj,,,,,,,chek out!!!!!!!!!
renu

 

[uasish]

Renu the chart didnt know about Rakesh,there must be a foot print if you are correct.

 

[DayTrader_1974]

Sl on nifty hit?

Am i right?
or mis interpretation?

 

[hitesh sabharwal]

hi hitesh,,
praj has been falling down,,
why?
one news,,,rakesh jhunjhunwala has sold his portfolio of praj,,,,,,,chek out!!!!!!!!!
renu

renu,its been almost a month,i interpreted RAKESH JHUNJHUNWALA'S selling before all news came by studying patterns,i am a fan of jhunjhunwala and he is one of my idols,i just love to see movemnet of his stocks,never wrote that pattern formations here,but its still on orkut on accumulation/distribution patterns named thread at nse/bse hotspot named community.

 

[hitesh sabharwal]

Sl on nifty hit?

Am i right?
or mis interpretation?

AFTER MY POST,DID YA SEE NIFTY TRADING BELOW 4298,IF U DID,THEN STOPLOSS FOR PURE INTRADAY TRADERS HIT,POSITIONAL TRADING TIP IS ALSO WRITTEN ,THEY ARE STILL ON.

 

[DayTrader_1974]

I think not

I was allready short nifty 5 points above that, but my sl also hit.

Chalta hai

I just used ur sl level to get me out.

 

[hitesh sabharwal]

positional trade kar,avoid intradays imeediate after expiry and before expiry,still positional traders should hold shorts and add till 4339.

 

[hitesh sabharwal]

again saying.positonal shorts can be taken in nfity with stoploss of 4339,target 4217 and 4175 soon.short sbi,if trades below 1502,target 1491,1483,stoploss 1511.