Stocks To Keep A Close Eye On

[gracec]

Re: Stocks To Keep A Close Eye On - Chapter II

Jai Baba
Thankyou Savantji & San, for the information.

I have traded as your guide but the lower low has lowered twice after that with lower highs on both days,with low volumes, except Karurvyasa.

Do you think it will go further down tomorrow?
Fingers crossed.lets hope some improvement tomorrow.

Kind regards

Geeta

 

[SwingKing]

I m getting out completely if drops below 5080. What has happened any news? All the market are doing quite well except Hong Kong and our Market. It looks its gonna close around 5100 levels that is way beyond 5400 the expected target for this month.

Just from a more shorter term view ... levels of 10,500 on Dow is very crucial ... still not squared long positions ... waiting till this level goes ...

Todays market action was similar to what happened on 3rd Nov 2009 ... on 4th the market's bounced back to the same level ... let's see what happens tomm ..

Things could turn around very quickly ..

Tc.

 

[SwingKing]

Lot of support around 5100 levels. The only trouble is that the US Futures are turning red, Europe is shedding its gain. Maybe bears all around.

Did you remove your positions ???

 

[nimish_rulz]

Did you remove your positions ???

No added a few because 5080 was not taken down that is Fibonacci 61.8% levels of low on 21st dec and high of 6th jan. I expect market to go around 5340 levels by next Wednesday if 5080 is maintained.

 

[saivenkat]

Did you remove your positions ???

Raunakji, I have some long positions in which took from last week,In this connection i have two clarifications with you friend.

1) As suggested by Anant sir, i bought Oriental bank around 262/= and SL given was 253.20, and today SL hit.
Now what i want to know is it advisable to sell it at the opening bell of tomorrow or wait for some time with another SL?

2) What do the our charts say friend? Some say nifty below 5180 is very much bearish?

3) Another thing, as said by you, suppose if the crucial level of Dow is broken means, Can i square off all the longs that i am in?
Please clarify friend.
Take care.

 

[SwingKing]

Raunakji, I have some long positions in which took from last week,In this connection i have two clarifications with you friend.

1) As suggested by Anant sir, i bought Oriental bank around 262/= and SL given was 253.20, and today SL hit.
Now what i want to know is it advisable to sell it at the opening bell of tomorrow or wait for some time with another SL?

2) What do the our charts say friend? Some say nifty below 5180 is very much bearish?

3) Another thing, as said by you, suppose if the crucial level of Dow is broken means, Can i square off all the longs that i am in?
Please clarify friend.
Take care.

Saivenkat,

Firstly, when Anant had given a S/L, you should have exited. Regarding this (Oriental Bank), please ask Anant as he will be in a better position to tell you about this call. For reference, please always strictly follow stop losses.

Secondly, I am eagerly waiting to see how US spans out. Below 10,500, the technical structure of the market will change. Till now only, some technical weakness exists. However this needs to be asserted by either a major support being broken or trendline being broken. Fundamental data coming out is not entirely bullish and hence before going completely bearish on the market, I will want to see bearishness on U.S. markets. Asian Indices are weak when compared to U.S. and one can only wait and watch till things gradually work out their course

These are jst my views and I may be wrong.

Tc.

 

[saivenkat]

Re: Stocks To Keep A Close Eye On - Chapter II

Jai Baba
Thankyou Savantji & San, for the information.

I have traded as your guide but the lower low has lowered twice after that with lower highs on both days,with low volumes, except Karurvyasa.

Do you think it will go further down tomorrow?
Fingers crossed.lets hope some improvement tomorrow.

Kind regards

Geeta

Oriental bank hit SL, and me too hoping for improvement in tomorrows market. I feel that there will be a huge short covering seen tomorrow.

 

[saivenkat]

Stop loss hit on EOD basis, and i will exit tomorrow. Thanks for your instant response.

 

[lovable_guy006]

Re: Stocks To Keep A Close Eye On - Chapter II

Oriental bank hit SL, and me too hoping for improvement in tomorrows market. I feel that there will be a huge short covering seen tomorrow.

Dont expect short covering tommorow buddy. Market conditions are very weak for tommorow . Can expect lil bit of buying after 1.30 - 2.00 P.M but thats also not a surity. Its just my view . If some senior member can comment on it.And please follow stoploss its always good to follow stoploss because everyday is not a monday.

 

[desikan1234]

Lot of support around 5100 levels. The only trouble is that the US Futures are turning red, Europe is shedding its gain. Maybe bears all around.

Now Dow is 150 points down and so it looks like Friday will also be a correction mode for Indian markets.