Stocks To Keep A Close Eye On

[cnbondre]

CNB,

I do not distinguish my positional trades into days or weeks holding. The way I go about this is

- Have a selection of about 50 stocks where I am more comfortable with levels/resistance. Am now looking at a few more these days just because of exposure to them through Savant's triggers.

- Normally, because of my regular work, I cannot track the progess of a stock too much intraday but can look at daily charts at EOD. So, on the daily charts, if I see a stock breaking out of EMA 20 levels, it is on my buy list next day as long as at the time of buying, it remains above the EMA 20.

- As long as the closing price remains above EMA 20, it is a hold for me. If it closes below EMA20, it is a sell next day if the price continues to be below EMA20 at the time of selling.

You can adopt variations like waiting for a confirmation of a breakout for a day. This is a basic simple system. You can always tweak this later if you want to add to existing positions or want to lighten positions without fully exiting. I prefer daily to weekly because if I am seeing charts daily, why not act on them immediately instead of waiting for weekly. Also when stocks are in a range, sometimes weekly chart might give you more whipsaws.

I do not follow this for any intraday trades. For that, i normally trade NF or BNF and use BBs alongwith pivot levels alongwith a huge amount of TMA normally on a 10 min TF.

For intraday, I know that people have adapted Savant's system of 5/6 crossover, you might want to check that out.

Regards,
Enygma.

Hi,

Enygma,

Thanks a lot for unfolding this 20EMA trading strategy. This is one of the simplest I came across so far !

Thanks by all means to you,

God bless you.

CNB

 

[rizuk]

Hi SM,

Maafi Kis Baat Ki...Woh Bhi Ramazan Ke Wakt...

Ramazan Ke Time .....Sirf Allah Se Maafi Manga Jata Hai...

Shaam Ko Malpua Bana Raha Hoon....

Happy & Safer Trading

SavantGarde

Kya baat hai Savant Ji . . Din mein Maal bana rahe hain aur shaam ko Malpua . . Aap ki to panchon ungliyan ghee mein hain aur sar kadhayi mein

 

[MurAtt]

Ramzan ke mahine mein bhi bhatak gaye Murtaza Bhai? Phir to dosre mahino ka Allah hi malik hai

 

[rizuk]

Sirjii,

Mere pocket mein 40 hazar hai......

Kuch kharidna hai kya ya useee aisee hi sone duin?

Sirjiii,

I have 60K in my pocket ...... kuch hai aapke dimag mein mere liye:thumb:

Also satyam is showing kind of strength...... Is it a good time to buy it???

Thanks

Please explain . . Sirf teen din mein aap ke pocket mein ye 20 hazar kahan se aaye?

 

[hills_5000]

SM bhai,

new to options so a few questions..

1. today when nifty was down to 4615 ..isnt it better to hedge by buy a 4600 PE than a 4700 PE.. ? i am long 4650 onwards

2. at the said time why was 4600 PE cheaper than 4700 PE .. since on the way down today would nt the writer of a 4600 put would stand to lose more had it gone down further and the likelyhood was there !!

3.. what is the diff between a PE and PA or for that matter between a CA and CE at any given strike price

thanks

True but i hv my hedge too PT bhai,
ALL in ALL, 2CE 4700, 1@150, 1@124 = avg @ 137/-.
One PE4700@192/-. (Earlier bot at 138 sold at 190/-)

 

[cnbondre]

Engyma thanks a lot for ur excellent detailed explanations. Well this explains quite a lot..The system u outlined looks simple to follow. As you said, guess no need to look into lot of other indicators like macd, etc.

One more doubt. Do u take volume into account or EMA 20 price cross-over suffices.

I am sure this system would work well as i completely trust your experience and wisdom. Is there a specific profit percent you look for or u jst let the trend decide.

Also, how do u manage 50 stocks on EOD basis. i mean u do it manually on i-charts or any software.

Thanks
Pooja

Hi,

Pooja,

Thanks a lot for your keen observation and timely query that revealed a fantastic strategy for all of us. Once the above question is answered we have a full fledge BASIC strategy on this 20 EMA a wonderful gift from Enygma.:thumb:

Regards,

CNB.

 

[jp2u]

how will be tomorrows market ?

 

[MurAtt]

SM bhai,

new to options so a few questions..

1. today when nifty was down to 4615 ..isnt it better to hedge by buy a 4600 PE than a 4700 PE.. ? i am long 4650 onwards

At 4615 damage was already done. Hedging just for 2morrow open in case of gap down. Saw the optiuons OI at NSE site and 4700CE covered some at closing time so sq off my PE and booked profit there. 4600PE gained OI at closing time showing some support at 4600 levels and 4600PE being #1 in OI for all options, I think should be respected.

2. at the said time why was 4600 PE cheaper than 4700 PE .. since on the way down today would nt the writer of a 4600 put would stand to lose more had it gone down further and the likelyhood was there !!

Wrong as writer of 4700CE stands to lose more than writer of 4800CE in case market goes up. Inverse in case of PE writers.

3.. what is the diff between a PE and PA or for that matter between a CA and CE at any given strike price
thanks

CE/PE is Call/Put European meaning you cannot exercise the call/put inbetween. It can be done on last day of expiry itself.
CA/PA us Call/Put American whereas they can be exercised any day the owner wants to.
e.g. DLF 400CA can be exercised today to gain 413-400=13 rs.
Nifty 4600CE cannot be exercised till expiry.

hope this helps

 

[bansalvaibhav]

Any advice about NHPC .
Should hold for sometime or what should i do.....
Hope your experience will surely help me....

Regards
Vaibhav Bansal

 

[hills_5000]

4600PE gained OI at closing time showing some support at 4600 levels and 4600PE being #1 in OI for all options, I think should be respected.

Wrong as writer of 4700CE stands to lose more than writer of 4800CE in case market goes up. Inverse in case of PE writers.


CE/PE is Call/Put European meaning you cannot exercise the call/put inbetween. It can be done on last day of expiry itself.
CA/PA us Call/Put American whereas they can be exercised any day the owner wants to.
e.g. DLF 400CA can be exercised today to gain 413-400=13 rs.
Nifty 4600CE cannot be exercised till expiry.

hope this helps

1.. At closing time 4600PE gains in OI....ok.. so how does that indicate support..doesnt an increase in OI mean that people are expecting it to go down , that's why people are buying /selling it ...

2..Incase market goes up .. writer ( =seller ) of 4700PE stand to lose more than 4800 PE writer... so at spot of 4615 .. 4700PE writer will lose more than 4600 PE... undertood ... hence the lower cost .... but why arent sellers charging more for 4600PUT especially since it came very close to 4601 => any moment it might go further down....hence charge more for a surety ?

3...then how come u guys are buying PE / CE and closing them before expiry ?... should nt you guys be doing that with PA/CA ?...

sorry for so many questions..

regards