Trading Strategies Using Technical Analysis

[MurAtt]

Glaxo should do well in coming sessions. Let's hope. Have built up significant futures positions yesterday.

Tc

Which Glaxo ... the Pharmaceutical one or the Consumer Healthcare.
For the pharmaceutical I feel 2300 is next from 2100 odd levels ....
Channel Bounce on Weekly with Stoch supporting .. RSI still to give confirmation ... below 50 as of now ...

Stull holding Raunak ... 2001 on intraday today ....

 

[SwingKing]

Stull holding Raunak ... 2001 on intraday today ....

Oh Yes!

Its down just 80 Rs SM. I will average it around 1980 .. and 1900 (if these levels come). Now that it has started correcting, it should stabilize around 1950 levels.

Tc

 

[SwingKing]

Have picked up NF @ 5373 for Scalp trade. Could take a knock, but that's the fun part.

Tc

 

[simple_trader]

Have picked up NF @ 5373 for Scalp trade. Could take a knock, but that's the fun part.

Tc

Normally it works well. If NF closes at day's low, then it rallies on the next day at least in the first half. Also, it has closed at 20 EMA on daily chart.

Dow has GDP data, do not know how it will react.

 

[MurAtt]

hmm

Noticed these days ...
LT was down before results were declared. After results ... bcoz they were not as per expectations .. more down .....
Mkt was down bcoz of expectations of tougher stance on credit policy etc. Since they were good .. markets rallied back ....
So maybe today they are down in expectation of bad gdp of the US and if its better than expected we move back up else we stay (no more downs) as it is already factored in ...

Just thinking aloud .. not necessary though ...

Options OI is showing bottom at 5300 though that can change in an hours time

 

[Apurv7164]

Upward triangle ... expecting breakout ... from ascending triangle .... if not then sl 51
Also this is third try to break this range ..

Good call on Time Techno SM!!!

 

[MurAtt]

Good call on Time Techno SM!!!

Call was not mine ... someone pointed that out to me .... so I wrote here ...
honest

 

[AlokTewari]

Have picked up NF @ 5373 for Scalp trade. Could take a knock, but that's the fun part.

Tc

Same here. Cover my intraday shorts at 5371 & went long. I don't see 5350 breaking in a hurry unless something unusual happens on global front. My theory is Nifty will give another shot at 5476 before seeing 5300. Retail money has to be on long side lock, stock & barrel for smart money to make profit from any significant fall.

Cheers !!!!

Alok Tewari

 

[MurAtt]

Weekly Market Snapshot .....

@Raunak ... KS Oils in Bulk deals ... Citi sold 186 cr worth of equity ...
Who bought :-?

FIIs still pursuing :-?

 

[SwingKing]

Weekly Market Snapshot .....

@Raunak ... KS Oils in Bulk deals ... Citi sold 186 cr worth of equity ...
Who bought :-?

FIIs still pursuing :-?

Interesting post SM. The stock is exhibiting some very interesting price movements. As of now it is still in neutral zone. I am keeping a close watch on it. Lets see where it goes; in the buy zone or the bye - bye zone.

Tc