Stocks To Keep A Close Eye On

[aditya14]

@Savant Sir,

Well my futures foray continues.Today made quick money in BankNifty(50points) in 2 mins.Do you think i should stay away from BankNifty or is it ideal for daytrading futures?

I remember seeing your post on some thread that Banknifty is better for intraday plays.

 

[asnavale]

thanks for you immediate help, savanth and ananth bhai, with your detailed explanation now i will try my luck in catching some valuable (TUNA like) fish in the great INDIAN OCEAN (off course i mean stock market ocean) and only hope that its not gonna eat me instead.........keep rocking.

I wish you get some pearls instead of Tuna

-Anant

 

[AlokTewari]

My Views Are Well Documented In This Thread & Some Other Threads As Well, Nothing Has Changed To Have A Re-Look.....Moreover, There Are Small Details People Miss Out On...It Was Not So Much The Data That Was Released Today...On Spending...Which Was 1.2% But The Important Data Hidden In It Was The Rise Of 0.2% Ex-Auto, Inspite Of 10.2% Unemployment.

My View That I Could See The Data Improving Towards The End Of The Year Was As Far Back As In Mar-Apr....I Doubt There Were Any Takers For It Then....

Happy & Safer Trading

SavantGarde

Vikas has been bearish for sometime now saying market will fall during which time Nifty has gone up by over 150 points or so after breaking few key resistance levels. Ofcourse market will fall but maybe after another 100 or so more points in Nifty. It doesnot make sense to start shouting market will fall 250 points before. It is like shouting wolf wolf when there is none. Better to respect the levels which are hard facts rather than creating a predetermined mindset.

Cheers !!!!

 

[SavantGarde]

Hi Aditya,

My Replies Are Specific To People....Having Some Knowledge Of Their Risk Appetite & Ledger Balance...& Perhaps Even Their Trading Activity.

BNF Can 300 Points Quite Effortlessly During Intraday....& First Thing For You To Mull Is, If You Are Wrong Footed Can You Handle It...Do You Have Backup Plan To Turn It Around...Without Breaking Out Into Sweat......Most Importantly.....Can You Think Logically Under Extreme Pressure & Quick Reflexes....

There Is One More Observation....That I Have Noticed...In An Extreme Move Against One's Position....Trader Gets frozen Stiff....Almost Like In A Stupor...That perhaps Is One Of The Biggest Drawback One Must Overcome

Happy & Safer Trading

SavantGarde

@Savant Sir,

Well my futures foray continues.Today made quick money in BankNifty(50points) in 2 mins.Do you think i should stay away from BankNifty or is it ideal for daytrading futures?

I remember seeing your post on some thread that Banknifty is better for intraday plays.

 

[Rkji]

sirjee

currently holding bharti 500 @ 355, unitech 1000 @ 86

need is such that from a swing trader, i have become a day trader though i prefer former. i need to exit out of one of them this week & as i have learned from you that a wednesday could be the day, pls guide which position i could get rid of. i know i should hold both of them but again i have to depend on intraday these days & the amnt i had kept aside for intraday is already withdrawn. so got to have the limit avail again.

xx thanks xx

 

[Hari]

Hi Savantji!

I am not sure if this is the right place to ask this query, however would be happy if you can reply whenever time permits.

This is regarding Open Interest and Roll Over:
1. Open Interest is the number contract open so my understanding is 1 Buyer=1 Seller, then how is that ideally people anticipate if OI is increasing u expect the underlying to go up or vice versa since the number of people buying should equal sellers.
2. How is roll over calculated? and why does this gain prominence during last week of the expiry.

Rgds,
Hari

 

[SavantGarde]

Hi Rishi,

I Think The Best Bet Would be UNITECH....You Just Might See A Couple Of Bucks Above Your Entry....However BHARTI....To Aabhi Tak Bahar Hee Hai...Kya Karun....

Happy & Safer Investing

SavantGarde

sirjee

currently holding bharti 500 @ 355, unitech 1000 @ 86

need is such that from a swing trader, i have become a day trader though i prefer former. i need to exit out of one of them this week & as i have learned from you that a wednesday could be the day, pls guide which position i could get rid of. i know i should hold both of them but again i have to depend on intraday these days & the amnt i had kept aside for intraday is already withdrawn. so got to have the limit avail again.

xx thanks xx

 

[aditya14]

@ Savant Sir,
Just took a look at 30min daily and weekly charts for Nifty for past 6 months.The trend is pretty much UP.Nifty is above the 28SMA and also the RSI MACD and Stochastics suggest bullish divergences.It seems from these momentum oscillators that the previous high will be violated in a matter of time(dec-Jan).

Do you think iam reading it correct?

Taking a positional bullish call is a safe bet or is it not?

 

[SavantGarde]

Hi Aditya,

I Do Not Look At So Many Things....While I Still Maintain That Previous High Will Be Reached Before March...Nothing Untoward Looks Amiss...To Change My View....Even If We Witness 12-15% Correction Before March...

So In Short, Looks Like We Are Walking In The Same General Direction....Enjoy The View

No Idea...MACD & Others... But Let Me Tell You Of A Simple MA Combination For Long Term Bearishness & Bullishness & That Combination Is 9/100

Happy & Safer Trading

SavantGarde

@ Savant Sir,
Just took a look at 30min daily and weekly charts for Nifty for past 6 months.The trend is pretty much UP.Nifty is above the 28SMA and also the RSI MACD and Stochastics suggest bullish divergences.It seems from these momentum oscillators that the previous high will be violated in a matter of time(dec-Jan).

Do you think iam reading it correct?

Taking a positional bullish call is a safe bet or is it not?

 

[aditya14]

Just noticed, But RSI and Stochastics look a little overbought.

BTW iam looking at 10 day RSI and MACD(12,26).What are the ideal setups to look at a positional as well as a short term trade signal/pattern?