Trading with PT style

[trade4putuval]

I have been following PNB for sometime now ever since my eyes fell on FII trades in the Business times.

Two weeks back when PNB was trading at 826, (that was the time i put money in it), the following day I saw that FII brought shares @ 885 while the closing price was 835. When the price was near 935, FII brought shares @ 1000 two days back. Yesterday, PNB closed at 915, but FII brought shares @ 985. See this, http://www.business-standard.com/india/news/fii-to-fii-trades-pnb-traded-at-8-premium/79329/on.

Since morning the market has gone down, PNB opened at 885 or something and inspite of Nifty crashing, it has not gone below 875. Can't say, it will not go down. It will.

But the stock looks very strong due to these FII investment. I thought to recommend this to you guys. But you all are very senior members and could find some loopholes if any, in these news.

While, I wait to submit this message, the LTP stands @878.

Regards,
Rajiv

 

[abhiwhy]

market is like a bhains (buffalo) for me... And here are few phases how this bhains works

right now its trading at "l" :rofl: :rofl: :rofl:

going towards p

 

[abhiwhy]

The market may be bad, but I slept like a baby last night. I woke up every hour and cried

 

[findvikas]

Use any pull back and exit longs.. I would say... we are heading straight for a crash... oops brakes have failed too.

US has reversed from the 50% retracement level and the trigger I was expecting in Nov Series did come but little later... may be they had huge longs created and wanted to book them before taking a dip.

This dip could be, if its 3rd wave down.. then will be well belo 4500.. maybe 4300

 

[abhiwhy]

if falls further below today's lo

NEXT TARGET 4770 (61.8%)

THEN 4540 (100%)
and so on ,

if so happens i will hedge my calls by purchasing puts or shorting nifty below 4770

lets see what happens

 

[raj001]

if falls further below today's lo

NEXT TARGET 4770 (61.8%)

THEN 4540 (100%)
and so on ,

if so happens i will hedge my calls by purchasing puts or shorting nifty below 4770

lets see what happens

recovered a bit....

 

[findvikas]

why not buy 5000ce and short nifty NOW ?

 

[praveen taneja]

sorry to menyion now its late but RIL 1080 call taken at21.10 now 26.50 lets see

 

[praveen taneja]

mkt went up 100 point and call only 10Rs something fishy in this move will exit on break of 4900 now

 

[praveen taneja]

calles not rising put not falling means mkt think more down from here lets see now 4925 res