Stocks To Keep A Close Eye On

[kum2305]

Hi Bunny:

It may not be prudent to draw such a comparison.

1. Comparing Aug/Sep period with Dec/Jan period is not recommended. Aug/Sep historically has lent a lackadaisical bend to the market due to many mkt participants on vacations etc.

2. Their 3rd qtr earnings are historically on the softer side because they want to show great 4th qtr results which impacts their markets in the Aug/Sep period & if you believe markets are still coupled, lends again the same sluggish impact on other markets.

3. This time, we have recovered from a low earlier this year; the period you cited was a continuation of a bullish trend.

4. Hey, after the time period you cited, NIFTY went up almost 2000 pts from 4500 to nearly 6500. I'll take that move any day & worry about what's next then. Let's get there first!

Kumar

Does anybody feel that the markets are weak? Below is a 3-yr weekly chart of NIFTY. The price-volume patterns in the last couple of months are quite similar to those observed during Dec 2007 -Jan 2008, after which the markets crashed.

Also, through the levels is near a supply/resistance zone, wide spreads are absent, but higher volumes are present. I fear these are bearish indication. Bullishness would be rather indicated by wide spreads on high volumes.

 

[enygma]

Pooja,

Agree with SM-Bhai. Wait for a green candle to confirm. While trading with BB piercing, it is also important to know where the stock's daily supports/resistances lie. In this case, it has come down from a previous support level of around 1150. The next supports on dailies are in the range of 1080. I would wait for a closing above 1150 and once in trade, keep a stop loss of around 1140 or so.

Do plan your entries and exits before getting into trade.

Regards,
Enygma.

Yes Pooja,

One more candle to confirm. If green then buy else leave it (better not to short). Even the buy would be much more safer once the green candle closes above the red candle.
This concept has been very properly and tradeably explained by Savant earlier in this thread and again by Rajendrani as a Gimmie Bar concept (search TJ with Gimmie Bar and Rajendrani as keywords and I'm sure u'll get it) and not to forget Columbus who has a thread on the very exact same lines updated daily.



Many a times huge money has just gone down as premium from my bank account and of course has come too but overall gone is more in percentage than the come
Insha-allah that will change soon

 

[enygma]

You got up such early morning just to check Dow?
Yah phir aap bhi pardesi and showing location as Mumbai to tell people that you are close to Goa? ..

Tata Chemicals - Hold it for now - if it closes above 247 - it should start a upmove again.

Regards,
Enygma.

Agar hum Sufi hote to kya Tata Chemicals ki baat karte? Sufi ziyada mein ziyada sirf Tata Salt ya Tata Tea ki baat kar sakta hai

Hum ek aam insaan hain . . jo roz raat ko sone se pehle Dow ko dekhta hai aur subah uth kar sab se pehle Shanghai Stock Exchange ke numbers dekhta hai . . Savant Ji woh din kab aayega jab Americans subah uth kar sab se pehle Nifty ko dekhen ge aur chapte Chinese sone se pehle apni choti choti aankhein phaadh kar Sensex ka tension lenge?

 

[bloodmoney]

Hi BloodMoney,

While Both Are Looking Good...I Don't Have Any Short Term Target....

Happy & Safer Investing

SavantGarde

Thanks for your reply Savantji..

 

[enygma]

Kumar,

As Savant says hold for now. Just wanted to add one thing for your learning. Be careful about taking long positions, especially in futures near to resistances. Wait for it to take out the resistance. In this case, GVK has resistance around 49-50 on the daily charts and supports around 45. It has pierced the lower BB yesterday and if it gives you a green candle today, then you will get a upmove.

I am starting to sound like the handsomely dressed TMA HOD that PT-Bhai was referring to on his thread, so no more gyaan on support and resistances for the day. Just that I could not resist giving you this support

Regards,
Enygma.

Hi Savant:

I am kinda stuck in one lot of GVK from 49.05 - chart attached for your viewing.

What would you suggest at this point?

Kumar

 

[cnbondre]

Hello Izzner,
You can learn abt options by downloading the following:
Stock Market - Step by Step Learning

I had downloaded this doc via some referrals of TJ and had found it extremely useful. The examples given in it are really good.
Hope it does help you.

Thanks,
Hitesh

Hi,

hiteshsjoshi,

Thanks a lot for this document it is extremly useful. Will definetly change my INVESTMENT STYLE.

Will you suggest from where to down load EOD Data for equity futures And how to get RT data, I mean which broker provides it.

Thanks and Regards,

CNB

 

[bunny]

Thanks Savant Sir for the explanation

 

[izzner]

Hey Izzner,

I am in the same boat as U are:annoyed:. I have bought the 4700 CE at 171 and now the current price is 88:rofl:. Cant do anything other than laugh
lol:rofl:

Thanks

are baap re...171..... way too high...

I had bought at arnd 131 but didnt know much abt option missed out.. but then thanks to our forum friends pointed out to me that there is no MTM in option(when u buy a call)..

so I studied the movement of NIFTY for abt 15 mins and then started averaging... bought a couple of lots at 100 then when it reached 115 squared off the extra lots.. again when it dropped bought another couple of lots and so on ...

so presently the avg of 2 lots is 101+...

BTW is your name chaitanya goa or chaitan yagoa

 

[MurAtt]

Aajkal sabko Goa bahut nazar aa rahela hai

 

[izzner]

Aajkal sabko Goa bahut nazar aa rahela hai

murtaza bhai... I am from GOA....

kabhi aana hua to milenge..:thumb:


just updated my profile to reflect the same..