Trading with PT style
- Thread starter praveen taneja
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The markets witnessed a steady session holding on to its gains but faltering slightly
towards the end. Market rollovers are reaching climax with the Nifty already completing
63%. The Nifty added 25.66 lakh shares in OI. Index heavyweights too saw good build up
in OI along with healthy delivery markings. Nifty options are seeing a shift to the new
expiry with calls being spread out from 4900 to 5500 CE and the puts gaining
concentration between 4800 & 5000 strikes. Lower rolls on the Nifty suggest a turbulent
session for the markets.
Probable Market outperformers for Thursday: AXIS BANK, BPCL
Probable Market underperformers for Thursday: ABB
Momentum Counters: JINDAL STEL, REL CAPITAL, SBI
towards the end. Market rollovers are reaching climax with the Nifty already completing
63%. The Nifty added 25.66 lakh shares in OI. Index heavyweights too saw good build up
in OI along with healthy delivery markings. Nifty options are seeing a shift to the new
expiry with calls being spread out from 4900 to 5500 CE and the puts gaining
concentration between 4800 & 5000 strikes. Lower rolls on the Nifty suggest a turbulent
session for the markets.
Probable Market outperformers for Thursday: AXIS BANK, BPCL
Probable Market underperformers for Thursday: ABB
Momentum Counters: JINDAL STEL, REL CAPITAL, SBI
Nifty to test 5500 post 5-7% correction: JM Financial
The market is going through consolidation before breakout, says, Gautam Shah, CMT, Vice President-Financial Services at JM Financial. He sees the Nifty crossing 5,180 in the next few days. The Nifty may see 5-7% brief correction from the zone of 5,270-5,300 and should thereafter go to 5,500. An intermediate correction is healthy for an uptrend, he says, adding that the US market upmove is smoother than Indian markets. We are still not in the blowout phase, he says, advising investors to buy on dips
The market is going through consolidation before breakout, says, Gautam Shah, CMT, Vice President-Financial Services at JM Financial. He sees the Nifty crossing 5,180 in the next few days. The Nifty may see 5-7% brief correction from the zone of 5,270-5,300 and should thereafter go to 5,500. An intermediate correction is healthy for an uptrend, he says, adding that the US market upmove is smoother than Indian markets. We are still not in the blowout phase, he says, advising investors to buy on dips
Avoid NIIT: Dipan Mehta
Ignore NIIT, says Dipan Mehta, Member BSE & NSE.
“NIIT can be ignored. The company has consistently underperformed its peer group and by and large its performance has been quite disappointing and typically one division does well other two do badly and then that kind of churning keeps on taking place whereby its never able to fire on all cylinders even the acquisition, which they did in the US is being a problem area for the company.”
Ignore NIIT, says Dipan Mehta, Member BSE & NSE.
“NIIT can be ignored. The company has consistently underperformed its peer group and by and large its performance has been quite disappointing and typically one division does well other two do badly and then that kind of churning keeps on taking place whereby its never able to fire on all cylinders even the acquisition, which they did in the US is being a problem area for the company.”
Rules for trading in mkt
Avoid trading if the market trend is not clear.
Don't over trade and always remain with in your holding capacity.
Don't move against the market trend except in news based stocks.
Try to exit quickly in case of reversal of trend.
Don't settle your positions in loss if you can hold the positions.
Don't trade for the whole day, be specific and stick to your principles.
Don't avoid warnings and cautions given by experts.
Do never hope that the market will move as per your wishes.
Make the trend your friend and not enemy.
Follow the GOLDEN RULE of exit :-
(a) At target level.
(b) At your entry level.
(c) Surely at stop loss level.
Avoid trading if the market trend is not clear.
Don't over trade and always remain with in your holding capacity.
Don't move against the market trend except in news based stocks.
Try to exit quickly in case of reversal of trend.
Don't settle your positions in loss if you can hold the positions.
Don't trade for the whole day, be specific and stick to your principles.
Don't avoid warnings and cautions given by experts.
Do never hope that the market will move as per your wishes.
Make the trend your friend and not enemy.
Follow the GOLDEN RULE of exit :-
(a) At target level.
(b) At your entry level.
(c) Surely at stop loss level.
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