Trading with PT style

[trader.trends]

PT signature changed from Pro-Vegetarian to cannibalistic?. That's what flat market does to traders!!

 

[sahil79]

Hi Parveen, wonderful contribution to the traderji forum. Bro can u let me know which charting application u use and which indicators u plot on the chart to analysis, and what time frame u take. Thanx

 

[praveen taneja]

There was hardly any change into the trading pattern of the market on Monday as compared to previous day's
trading. The market erased almost all initial gains during final trading hours. We will concentrate on same levels 5170/
17330 and 5340/17950 of last few days. In the case the market sustains below the level 5235/17500 in the second half
then we may see the market reaching 5170/17330 levels. On the higher side sustenance of the market above the level
5280/17660 will lift the market to 5310/5340 levels. In case the market closes below the level 5170/17330 on daily basis
then the market may even fall to 5080/17050. Buying is advisable only on recoveries and cautious while adding long
positions if the market opens higher to 5340/17950 levels.

 

[praveen taneja]

Nf cmp 5232

buy nf with sl at 5216

tgt 5250/5266/5285

 

[praveen taneja]

Hi Parveen, wonderful contribution to the traderji forum. Bro can u let me know which charting application u use and which indicators u plot on the chart to analysis, and what time frame u take. Thanx

Bro i use amibroker provided by leo bro and linkon plot they know i just see to have a view of trend nothing know about chart reading so cant help u or anyone else:thumb:

 

[praveen taneja]

Above 5266 & 5270 levels, rally may continue up to 5287-5289 zone


and thereafter expect a jump up to


5305-5307 zone by non-stop.

Support at 5242-5244 zone. Below this zone, expect profit booking up to 5238 level


and thereafter unwinding may continue up to 5224-5226 zone by non-stop.

Buy if touches 5219-5221 zone. Stop Loss at 5201-5203 zone.

On Positive Side,


cross above 5311-5313 zone can take it up to 5328-5330 zone by non-stop.


If crosses & sustains this zone then uptrend may continue

 

[munnabhai208]

Dear PT,
Can we see a sudden change in the direction By releasing the IIP data today?

 

[praveen taneja]

After an exciting opening, markets failed to capitalize initial gains and slipped gradually in
trade. Cash segment volumes picked up while F&O segment volumes suffered in trade
where the Nifty added 10.04 lakh shares in OI. Select stocks with good price movement
saw god build up in OI. Nifty options saw build up at 5300 CE and 5200 PE suggesting a
narrow band of trade, breaching which a definite trend might emerge.

Probable Market outperformers for Tuesday: AXIS BANK, HUL
Probable Market underperformers for Tuesday: RANBAXY
Momentum Counters: SIEMENS, JINDAL STEL

 

[praveen taneja]

Dear PT,
Can we see a sudden change in the direction By releasing the IIP data today?

ya we can expect close of 5170 or 5325:thumb:

 

[praveen taneja]

•Traders watch out closely on IIP data to be released today later ... Keep your positions handy.
•Analysis says around 10.2% vs 10.3%