Stocks To Keep A Close Eye On

[vinayakgole]

Hi,
Could you please advise on Ennore Coke. The company seems to be very promising but would be great to have some experts as yourselves to comment on it.
Thanks a heap.
Regards,
Vinayak

 

[prasadam]

Hi SG,

Spreads are the problem there. So, day trading is difficult. But, trading Wipro & Infy.

Typical Of Herd Mentality....Nobody Looks At The Sectors Which Has Had The Tailwind & Kept Moving Up Quietly....CNXIT Future.

Happy & Safer Trading

SavantGarde

 

[prasadam]

Hi Rajesh.

how are you.

cheers.

Hello Prasad,
long time no see !

 

[prasadam]

well said Enygma.:thumb:

- With BB rules, you should be able to make 30-40 points per trade usually if you strictly follow the rules and are nimble enough.

- The normal 30 min pivot high/lows kind of trading would also work if you keep wide enough filters and can hold your nerve.

 

[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

Savantji!

Awaiting ur reply.

Rgds,
Hari

 

[uma_k]

Re: Stocks To Keep A Close Eye On - Chapter II

Hi Uma,

As Mentioned Earlier That From Wednesday I Shall Give A List Of Scrips That Needs To Be Exited, Only Caveat Being That They Must Go Below Previous Day's LOW.

Here Is The First List For 19th Nov. 2009

YESBANK - Exit Below 252.00
PATNI - Exit Below 474.05
TORNTPOWER - Exit Below 313.05
ZYLOG - Exit Below 333.95
ELDERPHARM - Exit Below 260.95

Uma, Please Note That At Times There Might Be Scrip/s Which Are Not In The Active List, In Such Cases, Please Disregard The Particular Scrip.

Thanks A Ton....!!!!

SavantGarde

Thank you Savant Sir. Noted the list. I shall revise the "EXIT below price" daily with previous day's Low as mentioned by you in the first paragraph.

Regards

*** Uma ***

 

[asnavale]

Savantji!

Awaiting ur reply.

Rgds,
Hari

Hi Hari,

For Part 1 of your query the answer is as follows:

Let us say There are five traders: T1, T2, T3, T4 and T5.

On Monday, T1 sells 5 contracts and T2 buys them. This creates an open interest of 5. Later T3 buys 25 contracts from T4. This increases the Open interest from 5 to 30.

On Tuesday, T2 squares up by selling the 5 contracts and T4 buys them. As T2 squares up his position, the OI reduces by 5 and becomes 25.

On Wednesday, T3 also sells his 25 contracts to T5, and squares up his own position.

Therefore, On Wednesday, T3 reduces the OI by 25 but T5 creates additional OI of 25. Therefore the OI does not change and remains 25. This means we should consider the open positions one side only (either long or short) and calculate the OI. Therefore number of Buyers=Number of Sellers does not nullify the trades in opposite directions.

I hope this helps.

_Anant

 

[veedee]

Hi all...i'm new to this site and am really impressed with the kind of information available here. need some advice here...i'm holding 1000 shares of FCS software bought at Rs. 11/- and also 1000 shares of Petronet LNG @ 85.00. Whats the outlook on both these stocks??

 

[columbus]

- With BB rules, you should be able to make 30-40 points per trade usually if you strictly follow the rules and are nimble enough.

...30-40 per trade in mid-session is too much .

 

[fabrics]

Hi all...i'm new to this site and am really impressed with the kind of information available here. need some advice here...i'm holding 1000 shares of FCS software bought at Rs. 11/- and also 1000 shares of Petronet LNG @ 85.00. Whats the outlook on both these stocks??

petronet is a good company & will reward u in the long run