Stocks To Keep A Close Eye On

[SavantGarde]

Hi Aijaz,

HOLD For All The Stocks

I Would Prefer You Don't Heed Any Kneejerk Reaction In The Market, There Are Lots Of Big Guys Seething With Anger For Missing The Rally & Then There Are Equally Big Guys Who Are Short & Have Been Caught On Wrong Foot For Misjudging The Extent Of The Rally.

Today Was Good Clue That The Rally Is Intact, If At All Anything Market Should Have Gone Down Atleast 4% Today.

I Expect The Market To Appreciate By 20-30% By The End Of The Year.

Will Check On Bombay Dyeing & Let You Know Tomorrow Before The Market Starts....With The Rest Of Them You Don't Have Any Problems Yet.

Happy & Safer Trading

SavantGarde

Hi Mr.Sawant, I have bought the following shares this week kindly advise the exit price or to hold for long.
1. Mundra port 125 shares @ 415 current price 462
2. Bombay Dyeing 251 sjares @ 201 current price 210
3. Larson n Toubro 28 shares @ 923 current price 947

If the stocks can go up i want to hold, if these are volatile stocks or there will be some panic or crash after 16th, I prefer to sell it on 15May, your advise will help me to reach a decision. Highly appreciate your time, advise and competent view.
Ajaz

 

[penchant]

Penchant,

Keep A Stop Loss Of 897.00

Don't Worry, It Will Go Up, Chance Of S/L Getting Hit Is About 5-10%

Happy & Safer Trading

SavantGarde

Savant Sir;
Thanq for your prompt reply.

I should have mentioned that i have a position in futures.& if I have to hold it with stop loss of 897/. ; i would have to pay huge MTM.

I am sorry to bother you yet again- in view of my position being in futures ; should my strategy be hold with the same stop or should it be any different.

 

[SavantGarde]

Hmmmm....Futures

I See, Very Brave

Ok, Tomorrow 2 Things For You

a) If You Are Getting 25-40 Bucks Profit Take It

b) Keep A S/L Of 1121.80

Next Time Let Me Know If You Are Going To Take Position In Stock Futures, Because, My HDFCBANK Call Was Not A Fresh BUY Trigger,

There Is No Problem Playing The Stock Futures On Fresh BUY Triggers.

Happy & Safe Trading

SavantGarde

Savant Sir;
Thanq for your prompt reply.

I should have mentioned that i have a position in futures.& if I have to hold it with stop loss of 897/. ; i would have to pay huge MTM.

I am sorry to bother you yet again- in view of my position being in futures ; should my strategy be hold with the same stop or should it be any different.

 

[rohit.patidar]

hi savant sir,

what reaction of election result on market on monday. plz give comments . can i sell my holding tomorrow.

 

[SavantGarde]

Rohit,

a) There Is No Need To SELL Your Holding

b) Instead If You See The Market Come Down BUY Into Other Stocks

c) Will Put Up A List On Sunday For Monday

Why The Panic Rohit, Looks Like RR & MI Match Just Now Has Rubbed Off On You.....

Happy & Safer Trading

SavantGarde

hi savant sir,

what reaction of election result on market on monday. plz give comments . can i sell my holding tomorrow.

 

[sagarkapoor]

Re: selling

I have my account with icici direct , when i go for short sell in it in cash segment.
it replied u don't have shares in ur demat account, what does it mean..
what is the correct procedure of short selling.
pl tell me...

Hi Vikas,

In ICICI Direct a Margin trading position can only be taken when you choose MARGIN in the product drop down box while trading. In the cash segment you cannot SELL without that stock being present in your account. Please look at the screenshot below:

Also, ICICI Direct will square off all your MARGIN positions by 3:15 PM and I mean ALL positions by 3:15 PM unless you choose to convert your position to delivery.
Once you are in a Margin position click on Margin Positions and you will see all your current positions and you will options like 'Add to position' and 'Square off'.
Also, ICICI Direct will charge you a minimum of 15 rupees for each intraday transaction, which means 15 rs for a buy transaction and 15 rs for a sell transaction (minimum), and I'm talking of transactions not trades so pay attention otherwise you will end up paying all your profits as brokerage to them.

I don't endorse any brokers but please if you plan to do Intra-day open a demat account with another broker, ICICI Direct is just crap for intra-day because:
1. No live streaming quotes, you have to sit and refresh the quotes window manually to get the latest price
2. Their website is painfully slow
3. Sometimes when you are in a trade the website will go offline and if you don't have a Stop Loss placed you are in for trouble
4. The Auto Square Off happens anytime between 3:00 to 3:15 which quite frankly is pathetic
5. Most of your profits will be eaten up by their hefty brokerage
6. As I pointed out they charge you per transaction, so basically if you choose to squareoff your position at different prices you will inevitably end up paying them a lot of brokerage which ultimately will hurt you as a trader
7. Their trading system is pathetic, sometimes your order may get stuck as Queued and will take upto minutes to be processed by the Exchange, in the meantime your stock could have moved horribly against you.

Hope that helps you. All the best for your trades. :thumb:

 

[penchant]

Hmmmm....Futures

I See, Very Brave

Ok, Tomorrow 2 Things For You

a) If You Are Getting 25-40 Bucks Profit Take It

b) Keep A S/L Of 1121.80

Next Time Let Me Know If You Are Going To Take Position In Stock Futures, Because, My HDFCBANK Call Was Not A Fresh BUY Trigger,

There Is No Problem Playing The Stock Futures On Fresh BUY Triggers.

Happy & Safe Trading

SavantGarde

Savant Sir;

THAK YOU.
yes; nxt time i will take position in futures only after i get your advice to that effect; orelse only cash scrips for me from now on.

Warm Regards.

 

[arpg1980]

Appu,

For Intraday You Will Need To Have The Intrday Chart Infront Of You On 5 Min Time Frame.

Never tried charting. Pls provide a link where I can learn 5 min charting. I like to know about a technical analysis software (free) which is popular among the traderji community with live NSE market feeds. Currently I am using TradeTiger from Sharekhan and its charting is not its USP.

I Am Assuming That You Don't Want To Follow The Crossover & BB System.

In That Case You Will Have To Observe The Chart For 3 Consecutive Higher Lows & Higher Highs Take The Range By Subtracting The Last High From The First Low You Can Take A Long Position Somewhere In The Middle Or Less & Keep The Last Low As The S/L

Similarly You Do For Going Short With 3 Consecutive Lower Highs & Lower Lows.

Happy & Safer Trading

SavantGarde

Pls provide a link where I can get to know the basics of "Crossover & BB System". I believe BB stands for "Bolinger Bands".

 

[SavantGarde]

Aijaz,

Regards Bombay Dyeing

Here Is What You Can Do

Calculate The Percentage Increase From Your Entry Price To Current Price Now In The Market & Sell Only The Same Percentage Quantity Of The Shares Today

For Eg.

If You Have 100 Shares & The Percentage Increase Is 10% At Current Market Price From Your Entry Then One Would Sell 10 Shares.

Happy & Safer Trading

SavantGarde

Hi Mr.Sawant, I have bought the following shares this week kindly advise the exit price or to hold for long.
1. Mundra port 125 shares @ 415 current price 462
2. Bombay Dyeing 251 sjares @ 201 current price 210
3. Larson n Toubro 28 shares @ 923 current price 947

If the stocks can go up i want to hold, if these are volatile stocks or there will be some panic or crash after 16th, I prefer to sell it on 15May, your advise will help me to reach a decision. Highly appreciate your time, advise and competent view.
Ajaz

 

[aaplana]

Savant Sir,

I wod like to know one thing from you >>
We always heard in TV that " LOT OF SHORT IS BUILT UP IN XXX FUTURE or LONG IS BUILT UP IN XXX FUTURE or LOT OF SHORT COVERING IS SEEN IN XXX FUTURE ETC."
My point is how TV PEOPLE know it is a " LONG/SHORT BUILT UP or SHORT COVERING" bcos I think ->> whatever may be the market direction (up /down) there are always 2 party exist , one thinks market will go up now( so he goes LONG) while another thinks market will go down ( so he goes SHORT).
So there are equal no of LONG and SHORT position always exist in the (future) market and same with SHORT COVERING, then how TV PEOPLE CAN SAY NEW SHORT POSITION IS BUILD UP etc. while actully there must some one who is equally LONG.

Pl explain it.

Aaplana