Stocks To Keep A Close Eye On

[nimish_rulz]

When the whole world was saying, we will go down to levels as low as 4600 on the nifty, I had only this one statement in mind, held on to my postions, although we are still not there, who would have thought in the morning we would reach so close.... except Gurudev Savant Saab

Ps. Its been a long time since he has posted, Hope all is well Guruji

Because of his insight and knowledge and low volumes in the market I found it was good to accumulate stocks. Although all the stocks haven't reached my buy price or targets but the ones which did were stupendous. Suzlon Energy for example had 3 lots at 81, 82 and 83 respectively now just left with the 83 one sold the rest. Apart from that also accumulated few of the stocks suggested by both Savant Sir and Anant Sir in Chapter 2 of the same thread. I still remember him telling me that there is nothing wrong with our markets but the market makers. Well its still too soon to be all merry as there is still expiry left. Still keeping my fingers crossed and elevating my stops. Thanks to Savant and Anand sir once again!

It was a few days back the so called Lions such as Vikas and a few more were scaring the scrape goats but even then I was optimistic because our market is fundamentally much much better than US or Europe they have negative real growth but for us the real growth is still positive even if we take inflation into account. Tomorrow is going to be very very crucial as no Markets on Friday and no Foreign Markets on Monday. Lets see how it holds. But for now Optimism has paid off:clap:

 

[rajeshn2007]

Because of his insight and knowledge and low volumes in the market I found it was good to accumulate stocks. Although all the stocks haven't reached my buy price or targets but the ones which did were stupendous. Suzlon Energy for example had 3 lots at 81, 82 and 83 respectively now just left with the 83 one sold the rest. Apart from that also accumulated few of the stocks suggested by both Savant Sir and Anant Sir in Chapter 2 of the same thread. I still remember him telling me that there is nothing wrong with our markets but the market makers. Well its still too soon to be all merry as there is still expiry left. Still keeping my fingers crossed and elevating my stops. Thanks to Savant and Anand sir once again!

It was a few days back the so called Lions such as Vikas and a few more were scaring the scrape goats but even then I was optimistic because our market is fundamentally much much better than US or Europe they have negative real growth but for us the real growth is still positive even if we take inflation into account. Tomorrow is going to be very very crucial as no Markets on Friday and no Foreign Markets on Monday. Lets see how it holds. But for now Optimism has paid off:clap:

Hi,
congrats for profitable positions in your stocks. But there are some points you have to take care of:
1. when you are saying accumulating stocks, futures don't come into count. you are just adding upto /averaging your positions.
2.when you are having trading positions, fundamentals don't count on much.

It is just the stock and its support/resistance count.
Buy and sell according to charts.:thumb:

 

[nimish_rulz]

Hi,
congrats for profitable positions in your stocks. But there are some points you have to take care of:
1. when you are saying accumulating stocks, futures don't come into count. you are just adding upto /averaging your positions.
2.when you are having trading positions, fundamentals don't count on much.

It is just the stock and its support/resistance count.
Buy and sell according to charts.:thumb:

I agree with you but that was my view about markets in general that we are not heading for a collapse. I bought the stocks that had corrected a lot in the Nov fall and failed to rise as much as the other counterparts and had momentum in them along with a bounce from their support levels.
Also I trade futures as I have a higher risk appetite and want to leverage my trades due to MTM in futures, I find it to be convenient. But I use EOD charts of cash market to do the analysis. And you can clearly see volume drying up and if you use Karthik SIRs VSA it shows you what actually is going on in the market.

Many thanks for your noble concern.
Regards

 

[bunny]

I agree with you but that was my view about markets in general that we are not heading for a collapse. I bought the stocks that had corrected a lot in the Nov fall and failed to rise as much as the other counterparts and had momentum in them along with a bounce from their support levels.
Also I trade futures as I have a higher risk appetite and want to leverage my trades due to MTM in futures, I find it to be convenient. But I use EOD charts of cash market to do the analysis. And you can clearly see volume drying up and if you use Karthik SIRs VSA it shows you what actually is going on in the market.

Many thanks for your noble concern.
Regards

I don't know where this thought of "collapse" comes from. I have seen some other guys too talking of a crash and 4500 on nifty, etc. I want to know where this all originated all of a sudden and simaltaneously.

PS: Though I am follower of VSA, but I don't use Karthik's AFL. Can you give me a gist of what it says about the current situation? Thanks.

 

[nimish_rulz]

I don't know where this thought of "collapse" comes from. I have seen some other guys too talking of a crash and 4500 on nifty, etc. I want to know where this all originated all of a sudden and simaltaneously.

PS: Though I am follower of VSA, but I don't use Karthik's AFL. Can you give me a gist of what it says about the current situation? Thanks.

Mate first off I never believed or said that we were heading for a collapse or a target of 4500 anywhere in any of my posts. All I was trying to say in response to the people who said we were was that we have supports according to the Fibonacci levels.
If you care to check my previous posts I gave the Fibonacci levels in two of my posts and said that the 4938 was the support. Secondly about VSA I m grateful to you for providing the links to EBooks and Karthik Sir for a wonderful AFL.
According to me in current situation volumes that were taking the market down were not enough and 2-3 days back if you check there were test of supply for RNRL, Unitech etc. I am still new to this whole idea but trying to learn and put it to test. Since you are more senior and better at it any confirmation or disagreement would be taken as a step in enhancing the knowledge of the topic. Hence if you feel I was wrong please give me the reasons as I m open to suggestions.
Regards
Nimish

 

[chaitanyagoa]

Re: Please Guide

Dear ANant,

These are the stocks which i'm holding.

Tata Elxsi 500 @ 172 (Current Price: 250)
ICICI Bank 30 @ 905 (Current Price: 856)
Essar Oil 200 @ 142 (Current Price: 139)
Voltas 200 @ 173 (Current Price: 169)
Tata Steel 50 @ 538 (Current Price: 599)

Please guide me on these stocks..

Thanks

Hardik

Hey Hardhik,

ICICI : HOLD , Infact if u have some bucks and patience then i would say buy PSU's. The banks have been badly beaten in the recent small correction and even yesterday they didn't rally much.

Tata steel and ESSAR OIL : HOLD, Oil has been beaten down to 69$ in the past few weeks but it is showing some strength now, So HOLD.

Voltas has been there in that range forever so i have no clue what to do with it.

Thanks:thumb:

 

[aditya14]

Because of his insight and knowledge and low volumes in the market I found it was good to accumulate stocks. Although all the stocks haven't reached my buy price or targets but the ones which did were stupendous. Suzlon Energy for example had 3 lots at 81, 82 and 83 respectively now just left with the 83 one sold the rest. Apart from that also accumulated few of the stocks suggested by both Savant Sir and Anant Sir in Chapter 2 of the same thread. I still remember him telling me that there is nothing wrong with our markets but the market makers. Well its still too soon to be all merry as there is still expiry left. Still keeping my fingers crossed and elevating my stops. Thanks to Savant and Anand sir once again!

It was a few days back the so called Lions such as Vikas and a few more were scaring the scrape goats but even then I was optimistic because our market is fundamentally much much better than US or Europe they have negative real growth but for us the real growth is still positive even if we take inflation into account. Tomorrow is going to be very very crucial as no Markets on Friday and no Foreign Markets on Monday. Lets see how it holds. But for now Optimism has paid off:clap:

Let me be the first to say that Savant sir got it mildly wrong this month.
Now if you were holding to your losing positions and not booking loss then this month one can count him/herself lucky because of today but markets were quite close to breaking down.

The rally which we saw today could not have been anticipated in advance,although i agree the growth story remains positive.Today`s reasons are being described as short covering rally(I`ve heard that before).

On Vikas ,the comment is pretty silly.Vikas had bought 4600PE dirt cheap and was just trying to convince himself more than anyone else that markets would crash.Now if anyone decides to follow a forum boarder blindly then he deserves to have his cash taken from him.So don`t blame Vikas or make comments that oh he said this and that.

Savant Sir will be the first to admit that after the series of bad news in december it is quite extraordinary how we find ourselves at these levels this month.

 

[chaitanyagoa]

Mate first off I never believed or said that we were heading for a collapse or a target of 4500 anywhere in any of my posts. All I was trying to say in response to the people who said we were was that we have supports according to the Fibonacci levels.
If you care to check my previous posts I gave the Fibonacci levels in two of my posts and said that the 4938 was the support. Secondly about VSA I m grateful to you for providing the links to EBooks and Karthik Sir for a wonderful AFL.
According to me in current situation volumes that were taking the market down were not enough and 2-3 days back if you check there were test of supply for RNRL, Unitech etc. I am still new to this whole idea but trying to learn and put it to test. Since you are more senior and better at it any confirmation or disagreement would be taken as a step in enhancing the knowledge of the topic. Hence if you feel I was wrong please give me the reasons as I m open to suggestions.
Regards
Nimish

Hey Nimish,

What AFL are u talking about? Can u please enlighten me and provide me the AFL is possible?

Thanks

 

[bunny]

The rally which we saw today could not have been anticipated in advance,although i agree the growth story remains positive.Today`s reasons are being described as short covering rally(I`ve heard that before).

You should have said "At least I couldn't anticipated" :rofl:

 

[nimish_rulz]

Hey Nimish,

What AFL are u talking about? Can u please enlighten me and provide me the AFL is possible?

Thanks

If you go in advance TA thread and chose volume spread analysis all the details are there. Also the AFL is available on his website. You can get the details from the same thread.