Simple...when do you buy when the price is going up or when the price has corrected significantly. They are not foolish to buy IT stocks now they were buying for weeks when everyone was selling now they are just going to ride the up move and then dump it. If you see stocks like HCL Tech, Infy they were not going anywhere lot of hidden buying was happening and today post results these stocks rallied.
You Might Get Badly Trapped Shorting.....Especially Since Next Week Is Expiry Week.....Stock Basically Tanked Because Of News (Perhaps It Was Deliberate
And Your Query In The Other Thread About OI...
1) Order Book Is No Reflection
2) Options Is A Very One Sided Trade In Our Markets)
I guess I understand y u think HCLtech should be short.... Here is the reason
Since the results have been really good lot of longs have been built on this stock..... As the expiry is around the corner all the long positions need to be covered which will in turn result in lot of selling.....
IS my understanding Right Sirjiii..... I guess the same goes with Sesa Goa...
I agree that HCL Tech must be shorted infact i exited my long on first up day and I asked here to buy the stock if you go back a few pages when it was at 348. The last day is a climax volume upbar. The stock futures is at a deep discount than cash and not just april also may futures. Hence I would stay away from it and not go long.
Also the stock has just made a 52 weeks high which is a very bad time to go long! Remember more people/ general public notices these landmarks. Hence the smart investors tend to stay away from these especially at these points. PUT option premium is huge too!
I am posting the triggers of 4 stocks with the respective signals..... These are not for Options...... The BUY/SELL triggers will follow Savant Sir's Rule... That is buy above the yesterdays high and sell below yesterdays low....