Stocks To Keep A Close Eye On

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Hello Everyone,

I shorted tata motors futures at 1255 and covered at 1235 today. I m of the impression that markets will continue to be uncertain till Ireland accepts aid and the chinese rate hike fears subside.

I still feel that market turn gloomy any minute. I bought tata steel call and ended up making very little profit on it despite the great results. Am planning on re-entering tata steel as it has been upgraded by Citigroup and JP morgan.

But the edginess in the market is holding me back ?

Would the members share their view on this please ?

Regards,

Siddharth
 

talisman

Well-Known Member
TM,

TS was subdued today... inspite of excellent results...in my opinion very well orchestrated... by Pinstripes & Channels.... endlessly talking about how Copper was down ... & then they flashed HINDZINC which was down 2% at that point.... so basically it was fear of Chinese Interest Rate hike... which kept the base Metals Including Steel....in check... and now that smart boys have accumulated.... you will see some good upmove in the next few trading sessions in Base Metal scrips & Ferrous as well.....


SavantGarde
While the most of traders and investors are 'smarting' from being 'outsmarted' by these so-called BOYZ...That is surely 'some-art' by smart boys..Ironic or perhaps the rule of the jungle is same everywhere...:p
 

SavantGarde

Well-Known Member
TM,

If you are confused then stay out.... for sometime....because... with the range having widened from last thursday.... we will see many many big range days....till December atleast.....on both sides.... & S/Ls get get hit quite easily....

If you want to accumulate for delivery... suggest use the the big range down days to nibble away.... for March 2011.


SavantGarde

SG, is it safe to buy Tata Steel for delivery or should we buy some futures or should we short some puts or should we do nothing cause markets are uncertain.....I am confused :)
 
SG, is it safe to buy Tata Steel for delivery or should we buy some futures or should we short some puts or should we do nothing cause markets are uncertain.....I am confused :)
markets are certain ! just read SG sir's posts before and after trade entry.

SG sir, Raunak... whatever their trading strategy is, but till now i didnt found any bearish quotes.
 

columbus

Well-Known Member
Generally I found that Traderji is very active in BullMarket conditions and
somewhat subdued in Bear Phase.
 

SavantGarde

Well-Known Member
My dear friend.... NDTV will make you wait longer.... to get to your entry price of 140......:)

Media stocks usually move in spurts and then it gets thanda....and the occasional upmove is not sustained... only Media stocks that have some consistent moves are SUNTV and something from ZEE tabela.....

NDTV is not a bad stock as such... but...one has to hold it for very long time... and in your case.... perhaps even longer... because you have entered at the top of the range....

It is more like a game of Patience


SavantGarde

Savantji,

still waiting,

Thanks.
 
My dear friend.... NDTV will make you wait longer.... to get to your entry price of 140......:)

Media stocks usually move in spurts and then it gets thanda....and the occasional upmove is not sustained... only Media stocks that have some consistent moves are SUNTV and something from ZEE tabela.....

NDTV is not a bad stock as such... but...one has to hold it for very long time... and in your case.... perhaps even longer... because you have entered at the top of the range....

It is more like a game of Patience


SavantGarde

Savantji,

Thanks..

Shall I exit & enter another scrip ?

Thanks again..
 
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