Stock FUTURES To Keep A Close Eye On

[luvmalik]

how is jindal steel looking for tom?

 

[trade4putuval]

how is jindal steel looking for tom?

Jindal steel is a buy at 420.75 (in future) and tgt is 445 - 475 (in spot).

Reason: Oversold in weekly, monthly and daily charts.
Plus I follow ichimoku pattern. For those who are not aware of ichimoku, price should be touching tenken sen along its way. If the price deviates from the tenken sen, tenken sen acts as rubber band to bring back the price to itself. Currently Tenken sen stands around 445 (in spot) and the price candle is not touching tenken sen (cmp 416 in spot).

 

[trade4putuval]

Guys, look at Asian paints. I have been watching this stock since the past one month.

Beginning of week, it was overbought in daily, monthly and weekly charts.
Yesterday, it gave a bearish pattern ( a long green bar, followed by a long red bar that started at 75% of the green bar and closing below the open of the green bar).

Also, in weekly, it has been a long doji, (it should have been a hanging man for more and solid confirmation).

Disclaimer: This is just a pointer. Do your analysis and trade.

Looks like asian paints is poised to touch 3510.

Shorted at 3819, covered at 3711.:thumb:
Will short again at 3766 (3 EMA in daily), cmp 3692.

 

[SexyTrader]

Today...

Booked profit and closed my Minifty(Fut) position at 4875 :thumb:

This one was a tough ride, but made it

Now to take a break...coz this position of Minifty(Fut) was a headache, but finally profit-booked it at 4875

 

[prabhsingh]

Jindal steel is a buy at 420.75 (in future) and tgt is 445 - 475 (in spot).

Reason: Oversold in weekly, monthly and daily charts.
Plus I follow ichimoku pattern. For those who are not aware of ichimoku, price should be touching tenken sen along its way. If the price deviates from the tenken sen, tenken sen acts as rubber band to bring back the price to itself. Currently Tenken sen stands around 445 (in spot) and the price candle is not touching tenken sen (cmp 416 in spot).

Hi,

Do you still think tenken sen price will be touched for Jindal?Stock is already trailing at its 52 week low and also its red cloud Boundary is moving faster then the green one.What are you thoughts for same.

 

[luvmalik]

how is hdfc looking?

 

[SavantGarde]

how is hdfc looking?

Looking good till 667.00 on spot....!!!

 

[trade4putuval]

Hi,

Do you still think tenken sen price will be touched for Jindal?Stock is already trailing at its 52 week low and also its red cloud Boundary is moving faster then the green one.What are you thoughts for same.

Do i need to say anything with yesterday's close? Also, in weekly it will now close at the current price to maintain a hammer pattern. From here, this could go to touch tenken sen and maybe more upside. Let's see!:thumb:

Regarding the cloud formation, I will have to check in detail. As of now, i see only tenken sen supporting my daily, weekly and monthly oversold zone conditions that prompted me to suggest a buy in Jindal steel. We are not looking at a very long rally in any stocks, unless nifty breaks the range in which it is trading nowadays!

 

[mravi]

SexyTrader

Are still holding the IDFC call, or booked profit? I am holding it.

The SPOT reached 130, but Future is at discount of 2.50 as of today's close.

 

[trade4putuval]

Do i need to say anything with yesterday's close? Also, in weekly it will now close at the current price to maintain a hammer pattern. From here, this could go to touch tenken sen and maybe more upside. Let's see!:thumb:

Regarding the cloud formation, I will have to check in detail. As of now, i see only tenken sen supporting my daily, weekly and monthly oversold zone conditions that prompted me to suggest a buy in Jindal steel. We are not looking at a very long rally in any stocks, unless nifty breaks the range in which it is trading nowadays!

Finally tenken sen hit :clapping: . Now what do I see!

In 30-mins, hanging man has formed many times. More sellers than buyers suggests resistance at this price. GFZ of 30 mins shows price hitting bottom at 430 (In future 433). This is in sync with the weekly close expected as a hammer pattern. So you can use this opportunity to exit at the current price and buy back again at 3.25 today!

But then again it all depends on the parent, NIFTY! But then nifty has breached 30 min GFZ yesterday morning, and we expect it to go down a little before the global situation decides whether it should be a bounceback or fall through to 4600 .