Stocks To Keep A Close Eye On

[sidsup]

If Nifty falls to 5800 by month end, Tata Motors would go to 1050.

If Nifty rises to 6350 by month end, Tata Motors would go to 1400.

Thank you Gauharjk.

The question is - Are you expecting the nifty to correct itself by such a huge margin ? 5800 ??

 

[SavantGarde]

He can't be happy because it is still not above his entry price...

SavantGarde

Savant Ji In this down turn also Hero Honda Stood and close in Positive..

Hope Goofy will be the happiest Person...

 

[SavantGarde]

I have been bullish since 136-142 levels... but doubt it will close above 1334 this month.....

...but you could see it go to almost +1600 early next year

SavantGarde

hello

Could someone who is also following tata motors kindly guide me with their views ?

I m bullish on the stock and expect it to close around 1340 by month end.

Regards,

Siddharth

 

[SavantGarde]

This kind of premeditated analysis is exactly the things that has landed you & prst in trouble.....

SavantGarde

If Nifty falls to 5800 by month end, Tata Motors would go to 1050.

If Nifty rises to 6350 by month end, Tata Motors would go to 1400.

 

[sidsup]

I have been bullish since 136-142 levels... but doubt it will close above 1334 this month.....

...but you could see it go to almost +1600 early next year

SavantGarde

Thank you Mr. Savant,

I trade only in derivatives and I m long the 1300 Call with a break even at 1317. I feel the stock will rebound from 1245 and head towards 1300 next week. Hence my decision to buy the call.

Regarding the 1600 Target next year, I too am bullish on this stock but I need a month end position to take calls appropriately.

Do you feel the stock will close at 1300 plus as of Nov 25th ?

Regards,

Siddharth

 

[gauharjk]

Thank you Gauharjk.

The question is - Are you expecting the nifty to correct itself by such a huge margin ? 5800 ??

I am the biggest loser on this forum. So, my opinion is not worth much. Raunak Sir (his thread - Trading Strategies Using Technical Analysis) believes it might correct. If 5930 does not hold, then Nifty might even retrace to 5600-5700 levels.

To quote Raunak Sir's thread, Source: http://www.traderji.com/technical-analysis/36413-trading-strategies-using-technical-analysis-313.html#post486707

The long awaited correction seems to have crept in the markets. Personally, I won't hold that opinion as of now. Lets think of this objectively. An uptrend is defined as a scenario where price structure forms higher highs and higher lows. Apart from this, higher Pivot highs and higher Pivot lows are formed. Violation of Pivot must always be considered on closing basis. On intraday basis, pivots are breached, but often retrace back from that breach. Hence, for the sake of simplicity and objectivity, we would want a close below critical pivots.

Currently if we see the price structure of the market, we would find that we are in a strong uptrend. The latest pivot low is 5934 and it is only after violation of this level on closing basis (daily frame) should we assume temporary pause of the uptrend. If however, close is below 5934 on weekly basis, we must definitely brace ourselves to see levels of 5500 - 5700 on intra day basis at least. There is a lot of macro economic development taking place all over the globe and hence sectors related to Realty, Metals, and Currency could gyrate viciously.

For traders, unless and until 5934 is violated on closing basis, one must look to go long. Personally, I would be looking to go long on slightest bit of visible strength. Trades won't be aggressive, but certainly I would rely more on price action than on anticipation. Every Bull run has a phase where prices collapse 10-20% every 12 - 15 months and if the current move is a beginning of that, then long term investors should use this weekend to make a list of stocks which they intend to accumulate.

Savant Sir on this thread has also said that he expects massive profit booking in the last week of November and the entire month of December as most foreign hedge funds and mutual funds close for Christmas. Fund managers book profits as their Christmas bonuses depend on the profit their funds have generated.

So, I would be cautious. Nifty might bounce and hit new highs if something special happens at the ongoing G20 summit in Korea.

 

[SavantGarde]

Hi Sidharth,

Close of TM by expiry can only predict with some amount of accuracy by wednesday/thursday....any figures at this point would be extremely foolish on my part.....especially since you are holding CALL.

Happy & Safer Trading

SavantGarde

Thank you Mr. Savant,

I trade only in derivatives and I m long the 1300 Call with a break even at 1317. I feel the stock will rebound from 1245 and head towards 1300 next week. Hence my decision to buy the call.

Regarding the 1600 Target next year, I too am bullish on this stock but I need a month end position to take calls appropriately.

Do you feel the stock will close at 1300 plus as of Nov 25th ?

Regards,

Siddharth

 

[prst]

TTK prestige has gained by more than 8% even during a crash like today..
hawkins has also gained ..

 

[rajeabc]

I am the biggest loser on this forum. So, my opinion is not worth much. Raunak Sir (his thread - Trading Strategies Using Technical Analysis) believes it might correct. If 5930 does not hold, then Nifty might even retrace to 5600-5700 levels.

To quote Raunak Sir's thread, Source: http://www.traderji.com/technical-analysis/36413-trading-strategies-using-technical-analysis-313.html#post486707


Savant Sir on this thread has also said that he expects massive profit booking in the last week of November and the entire month of December as most foreign hedge funds and mutual funds close for Christmas. Fund managers book profits as their Christmas bonuses depend on the profit their funds have generated.

So, I would be cautious. Nifty might bounce and hit new highs if something special happens at the ongoing G20 summit in Korea.

Market know only one sir i.e Savant Sir . Raunak trade what he sees on the chart. Last time when market was bullish , he was predicting it will go down and lot of people lost lot of money and send bad msgs and posts to him. Raunak was fed up and decided not to post his view on this forum but few guys requested him to do so and he started again . Few time you will miss his posts when he changes his view from long to short and short to long in night(after reviewing the chart more in details).
Raunak is a big time trader and he is very active . He will change his views very quickly according to the market and his followers might not.

It is just like a situation when you are following a fast driver on a road and all of sudden he changes his direction , because he can see what is coming at the front , but person following that driver might not see , anticipate that drivers intention, and make an accident.

Try to develop bigger view , your problem will be solved.

 

[SavantGarde]

Hi Metry,

If you haven't done anything with your DELTA holding... as per my earlier reply....here is another thing.....

In next 7 trading sessions... book profit on just the quantity of shares whereby you bring home the capital invested... and let the balance holding remain....

Happy & Safer Investing

SavantGarde

Savant sir

My half of the lose gone becoz of buying delta corp...68% profit...

God bless u man.

Thank u so much...