Stocks To Keep A Close Eye On

[lancer]

Hi Chait,

It Should Go Up From Here.....Doubt Very Much That It May Breakdown Anymore Than It Did Today.

SavantGarde

Hi Savant,

Now take the worst case scenario. Late last night heard some prime channels harping on failure of monsoon. It is worrysome. Infact if it does not hit by this week end, the crops take the hit. This is to be followed by the budget in the first week. With Pranab M. being the FM instead of Montek S.A, we may safely assume that it will be a politcal one and not based on stark reality. I am not a sceptic but these factors do weigh heavy on the market.

What may be the further downside ?


Wishes,

Lancer.

 

[lancer]

Hi Doc J,

Take For Instance Any One Stock From Your Portfolio

Note Down Quantity, Cost Per Stock

Now Comes The Trick

& Trick Is To Find Its Intraday Supports & Resistances Or Its Trading Range Either In 60 Min Time Frame, 30 Min TF Or 15 Min TF.

If Your Original Holding Is 100 Shares @ 100 Bucks & Its Previous Close Was Say 50 Bucks

Once You Find The Range You BUY At The Near Bottom Of The Range & Sell At Near Top Of The Range...Several Days Of Doing This Will Get Your Holding Price Very Close To Its Current Price Thereafter It Should Not Be Much Of A Problem Exiting The Counter With Profits.

Does It Sound Simple...It Probably Is Next Time Just Target One Stock From Your Portfolio & See If On Intraday Movement You Are Able To Catch Its Trading Range Wthout Actually Trading In It.....Once You Think You Can Catch The Range You Can Always Trade Live.

Happy & Safer Investing

SavantGarde

Hi Savant,

I got caught on the wrong foot with RNRL @ 110 level. Now, everyday I keep shorting at the range bound intrady highs and cover at the lows. It normally happens 2 to 3 times a day and allows me to take out 4-7 % profits everyday since it's downwards journey started and I am in no big hurry to get rid of it.

In this manner I have been able to bring the rate to below CMP by now. Just that one has to rid of inherent fear of going short. All that goes up has to fall, is the law of mother nature.

Since one has taken delivery of the Equities nobody can stop you from selling and covering on the dip. Your system of CrossOvers and BB comes real handy here.

THANKS FOR ALL AND MAINLY RESTORATION OF MY FAITH ON THE MARKET.

Wishes,

Lancer.

 

[chennai1973]

savant sir/friends
today i called up geojith (where i have my portfolio managed) they said tat acc to their followup n study the sensex shld climb to 16k come the budget and thereafter will reach close to 19k perhaps even to 21k by the end of this year itself
my sixth sense says tat he is right....generally he is right most of the time cause last year after his warning abt the fall in nifty i had removed all my mutual funds holding before the rally...with some profit.
i think even u have predicted the same ....which means its gonna be smiling time for all of us!

 

[SavantGarde]

Hi Lancer,

There Will Always Be Some News Or The Other To Keep People On Tenterhooks.

Monsoon...Will Pan Out Quite Ok

Budget Should Be Ok, It Will Empasize Inclusive Growth....& Etc.
Then You Will Have Industry Captains Roundtable Of What Could Have Been Better In Budget...In Hindsight There Is Always Much That Is Spoken & Recommended.

Most Importantly One Shall Have A Budget, Without Any Shackles Of The Left Front, In My Opinion Should Be Good On Many Fronts.

Incase Of Any Kneejerk Downside Just Jump In & Buy All That One Can, Ofcourse Caveat Being Never Deploy All That You Have Always Keep 15-20% Aside.

Happy & Safer Investing

SavantGarde

Hi Savant,

Now take the worst case scenario. Late last night heard some prime channels harping on failure of monsoon. It is worrysome. Infact if it does not hit by this week end, the crops take the hit. This is to be followed by the budget in the first week. With Pranab M. being the FM instead of Montek S.A, we may safely assume that it will be a politcal one and not based on stark reality. I am not a sceptic but these factors do weigh heavy on the market.

What may be the further downside ?


Wishes,

Lancer.

 

[chennai1973]

Good to hear that (sorry for the bad joke) ... Hopefully your percentage loss is less than mine

Cheers!

Doc J

Doc J,
mate are u allowed intraday frm your country? i would like to do from here but unfortunately the GOI doesnt allow...only positional trading..which means i have to hold the stock for a minimum of 3 days!
can anyone here suggest /show me the thread where i can learn more abt positional trading, also anyone from dubai who is doing intraday(in case i am misinformed)

 

[balraj167]

Doc J,
mate are u allowed intraday frm your country? i would like to do from here but unfortunately the GOI doesnt allow...only positional trading..which means i have to hold the stock for a minimum of 3 days!
can anyone here suggest /show me the thread where i can learn more abt positional trading, also anyone from dubai who is doing intraday(in case i am misinformed)

Hi Chennai1973,

Nri people are not allowed to do intraday trading as i am in Kuwait i have an account with reliance money i asked them. only on delivery based trading is allowed once it comes to your demat account you can sell it, but there are other ways to do intraday trading which i can not disclose here.

Regards
balraj167

 

[welcome1100]

Savant sirjee,

cn i layman like me also do this. How would i track the intra day range..is there a simple way to do it or i have to learn about charting techniques.

Hi Doc J,

Take For Instance Any One Stock From Your Portfolio

Note Down Quantity, Cost Per Stock

Now Comes The Trick

& Trick Is To Find Its Intraday Supports & Resistances Or Its Trading Range Either In 60 Min Time Frame, 30 Min TF Or 15 Min TF.

If Your Original Holding Is 100 Shares @ 100 Bucks & Its Previous Close Was Say 50 Bucks

Once You Find The Range You BUY At The Near Bottom Of The Range & Sell At Near Top Of The Range...Several Days Of Doing This Will Get Your Holding Price Very Close To Its Current Price Thereafter It Should Not Be Much Of A Problem Exiting The Counter With Profits.

Does It Sound Simple...It Probably Is Next Time Just Target One Stock From Your Portfolio & See If On Intraday Movement You Are Able To Catch Its Trading Range Wthout Actually Trading In It.....Once You Think You Can Catch The Range You Can Always Trade Live.

Happy & Safer Investing

SavantGarde

 

[balraj167]

Hi Savant Sir,

can suggest any good PSU banks for enter now

Thanks
balraj167

 

[chennai1973]

Savant sirjee,

cn i layman like me also do this. How would i track the intra day range..is there a simple way to do it or i have to learn about charting techniques.

intraday range can be very well tracked using your trading account...if you dont have it opening an account will help you in trading online! ...hope it answers ur query.

 

[aijaz159]

Hi Chennai1973,

Nri people are not allowed to do intraday trading as i am in Kuwait i have an account with reliance money i asked them. only on delivery based trading is allowed once it comes to your demat account you can sell it, but there are other ways to do intraday trading which i can not disclose here.

Regards
balraj167

Hi Balraj, what is the other best way of stock trading, im newbi, would appreciate your help.
ajaz