Stocks To Keep A Close Eye On

[Prashant Patel]

If this accumulation level is supported then atleast 3000 again.

What should be support level for SBIN now?

 

[rajesh.sadhanala]

Hi rajesh,

Where did you see SBIN in uptrend. On longer period, on weekly charts it is in sell mode from 12-11-2010, on daily charts first sell was on 15-10 and second on 12-11-2010. Which other Time frame are you talking about for it to be in short term and long term Uptrend. For the time being just watch the series of LL it has formed. No uptrend there. Hourly charts are good for trading in one direction for 2-3 days but they cant decide the uptrend.

Long Term = Monthly (Uptrend)
Intermediate = Weekly (trend is in question until it breaks 2800)
Short Term = Daily (Downtrend)

The 11th Nov is where SL must be triggered for a daily chart but short cant be initiated on 12th nov.

I am talking about these timelines.

Same approach can be applied
Long Term = Daily (Downtrend) => Positional trades
Intermediate Term = Hourly (can't check) => Swing trading
Short Term = Minutes (can't check) => Intraday trading

I believe Hourly charts are also in downtrend.. just a mere guess coz cant access a chart.

Hope that I have clarified.. Please correct me If I am wrong.

Regards
Raj

 

[rajesh.sadhanala]

What should be support level for SBIN now?

2800 is very important support level.. always add or subtract 1 or 0.5% to the support and resistance level for sudden moves.. (2770 - 2800)..

 

[rajputz]

What should be support level for SBIN now?

Presently it is standing at one. Look for longs on hourly charts with nifty. Calculate the risk first. I have my system so got no one to blame for.

 

[gauharjk]

SBI was listed under Sell Triggers in Anant sir's system yesterday...

SBI declared today that it would not increase FD rates. So, expecting a bounce tomorrow...

 

[NANDAMAD]

Hi Rajputz,
I have bt IFCI ONE LOT @61. wHAT TO DO. iT CAME DOWN TO 59.3. Pl advise

 

[swati23]

Where did you read this? They have already increased FD rates. Furthermore, their CFO said on a channel that they might hike it further.

SBI was listed under Sell Triggers in Anant sir's system yesterday...

SBI declared today that it would not increase FD rates. So, expecting a bounce tomorrow...

 

[rajeabc]

SBI declared today that it would not increase FD rates. So, expecting a bounce tomorrow...

when was that ?
other news

RBI raises alarm at rising pension liability of banks..any idea ?

 

[trader_man]

SG, are you still optimistic on Delta Corp? It is looking very attractive now with sub 100 levels. Interesting think about this stock is that it bounces very quickly from lows.

TM,

I gave the first buy when I heard Sameer Arora talk on the Channel... where I discovered for the first time... that there was a listed entity in our market....as far as gaming is concerned.... I have been following Gaming stocks in U.S for more than 4 years....

About RJ's position was declared on the channels almost couple of months later....& If I remember correctly...his some part of his accumulation is above 100 bucks....I do not give Buy Triggers based on his Investment... Although...he and his Family is known to our family..right from the time his family used to reside at the Income Tax Colony on Pedder Road...

SavantGarde

 

[rajputz]

Hi Rajputz,
I have bt IFCI ONE LOT @61. wHAT TO DO. iT CAME DOWN TO 59.3. Pl advise

Tomorrow can be deciding day, as squeeze play there, and most of the major movers standing at final supports.

Otherwise if i go with my system, i wish if i continued to hold my puts of IFCI. Its short on daily till now. It was my fearful exit rather then mechanical exit.