Stocks To Keep A Close Eye On

[SavantGarde]

Do not worry... there will be a day.... where all those mentioned in your post will want to be like Adi Sir....

SavantGarde

Savant Sir,

thanking for ur time.

the problem is bit more thn this.

this is why all negativity there. i hope other also agree on this. how to become another SG, Saint Sir, Raunak Sir, Smart_trade, SM Sir, Columbus Sir, Rajput Sir, Alroyraj Sir etc? (sorry to forget name)

Adi

 

[praveen taneja]

Hi SaiVenkat,

Narrow spread.... works on both sides...UP & DOWN... one can detect it by Lower Bid & Ask.... it means...price is going to drop... I don't look at 5 bid & 5 ask, only what is current on the screen.... Average Traded Price... is just glanced at for The range... there is NO active monitoring of ATP

SavantGarde

Bro price action par apne Patte dheere dheere khol rahe ho ek baar ek lambi si post mein samjha dete to mujh jaise anadiyon ka bhi bhala ho jaata

 

[rajputz]

Savant sir is trading from 2004 till now. So how can we get the moral out of his bid ask trading method in a single day of observation. It is peer understanding of the movement of the Market Shares. It comes with time, and there is no logic behind it. Cause somethings, movements, actions, reactions, after this much time of trading burries deep inside one in such a way that they come out naturally without applying mind. What we say robotic or mechanical trading. So time and experience is what is needed.

 

[swati23]

I'm back with my IPO/FPO queries
Should I apply for SCI FPO? Currently, it is under-subscribed in the retail section.

 

[SavantGarde]

SaiVenkat,

a) It is the Scrip
b) One must be faimliar with its average intraday range for last one month atleast
c) Scrip such as SBI, LICHSGFIN, RIL, ONGC, TATAMOTORS are favourites of the Big Players... who use the scrip for Index management...therefore in such scrips...one must keep an eye on Nifty...to see where it is ....

If it is at the High of the day....then one must be careful.....with the above scrips...including some not mentioned...above....

Also time of the day is important for trading in such scrips....

If all the parameters are mentioned to keep tab for such scrips... you will definitely get a migraine.....

Moral of the story....Do Not Take Panga with the Big Boys till You prove yourself consistently with small scrips....

SavantGarde

Thank you Sir for clarification.

The error i did was:

After taking into consideration of Narrow spread, .. i used ATP for the reasons of predicting the movement of the stock ( up or down)
For eg: If ATP is at 3140 and bid/ask is at 3125.. i thought their is possibility of up move and bought the stock. Is this the error sir?

2) Looked to 5bid & 5ask.

Now the further query sir;

Let me put the here bid / ask that which comes successively on the current screen.

Buy Sell

3140.30 3142.75
3140.70 3143.75
3141.95 3143.30
3142.10 3142.50
3142.25 3142.95
3143.00 3143.10


If one comes across like the one i highlighted in red say for a one or two minutes.. that means is it a buy signal.. here what i conclude is that the price increases..and the narrow spread occurs..

At this juncture, how to use AVerage Traded price..?

Sorry for troubling you again.. but then its my habit sir.. when it comes to learning.. i will start pestering often and often till i get it..

Raunak bro, Veluri bro, Kksekar bro.. and few friends have experienced this from me.. ( hehe the trouble..)

Saivenkat

 

[Rishi001]

Thank you SG Sir,

I read the below mentioned reply to Saivenkat and then I re-read your earlier reply...

"In the same way over some period....you will get the hang of whether it is going to move down or up....down is usually followed lower & lower 'Ask' when the the spread narrows... observe and practice and you will perfect...with few shares at a time...."

And suddenly it seems a light has dawned upon me ..... I understand that the question on selection of script is irrelevant. The simple thing to follow is the difference in the bid and ask price and the direction the ask price is moving...this is the first step...there may be other things to look at after this. If the ask price is increasing and the spread is decreasing the likelihood is that the price would shoot up... and visa versa.

Please let me know if my understanding is correct or am going to get the stick

Hi SaiVenkat,

Narrow spread.... works on both sides...UP & DOWN... one can detect it by Lower Bid & Ask.... it means...price is going to drop... I don't look at 5 bid & 5 ask, only what is current on the screen.... Average Traded Price... is just glanced at for The range... there is NO active monitoring of ATP

SavantGarde

 

[SavantGarde]

No...Price is very close to CMP therefore it is quite possible.... to get it at lower price from the market.... Be patient...& you will definitely get it lower than the issue price...

SavantGarde

I'm back with my IPO/FPO queries
Should I apply for SCI FPO? Currently, it is under-subscribed in the retail section.

 

[rajputz]

Savant Sir,

Can this be taken as Hanging Man. A Bearish Pattern.

 

[absolute.zero]

SG Sir,

During morning hours, I raised a query. I am still long with PA of Tatasteel, Strike price 600, 10 lots at an average price of Rs. 17.22. I had a chance to exit with loss during daytime when PA price moved above Rs 15, but I didn't do it hoping more recovery. Today's Closing price is around Rs 13, thus at this moment a loss of more than Rs 20000 in a single trade.

I am now totally stuck with this trade, doing nothing and just watching the market.

Please guide me what to do next, ie, on tomorrow. Should I exit soon, or may I wait some more days hoping for downside movement in Tatasteel ? Stress will increase if scrip move ahead in coming days.

Thanks

- Anil

 

[SavantGarde]

Hi Anil,

Will reply later after updating EOD...need to look at the chart for this....

10 Lots.... You went out to rob the bank or what....

SavantGarde

SG Sir,

During morning hours, I raised a query. I am still long with PA of Tatasteel, Strike price 600, 10 lots at an average price of Rs. 17.22. I had a chance to exit with loss during daytime when PA price moved above Rs 15, but I didn't do it hoping more recovery. Today's Closing price is around Rs 13, thus at this moment a loss of more than Rs 20000 in a single trade.

I am now totally stuck with this trade, doing nothing and just watching the market.

Please guide me what to do next, ie, on tomorrow. Should I exit soon, or may I wait some more days hoping for downside movement in Tatasteel ? Stress will increase if scrip move ahead in coming days.

Thanks

- Anil