Trading with PT style

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praveen taneja

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RIL call trading at 59 profit more then 50% still good but ye dil maange more at least 75% is my right for buying when all were selling RIL so tgt is 68 n sl is 50 lets see what comes first
 

praveen taneja

Well-Known Member
RIL call trading at 59 profit more then 50% still good but ye dil maange more at least 75% is my right for buying when all were selling RIL so tgt is 68 n sl is 50 lets see what comes first
lunch time n no power in mkt closed trade at 58 as no need to leave profit for wolves to eat see u guys:thumb:
 

praveen taneja

Well-Known Member
European shares hit a three-week low on Wednesday as investors digested a slew of earnings news, including results from BG Group and Banco Santander, with energy and banking stocks the biggest fallers. The key benchmark indices in France, Germany and UK were down by between 0.61% to 0.76%. Asian share markets were lower Wednesday as shipping stocks and shipbuilders fell on worries about the strength of the global economic recovery, though Honda was buoyant in Tokyo after lifting its earnings forecast. The key benchmark indices in Hong Kong, Japan, South Korea, Singapore and Taiwan fell by between 1.39% to 2.41%. But, China's Shanghai Composite rose 0.33%, erasing earlier losses, as airlines, brokerages and coal producers advanced on higher profits.
 

praveen taneja

Well-Known Member
The key benchmark indices drifted lower in choppy trade after US consumer confidence data dampened investor appetite for riskier assets like equities and high-yielding and growth-related currencies. Most global stocks were in red. The BSE 30-share Sensex fell 69.91 points or 0.43%, off close to 125 points from the day's high and up close to 140 points from the day's low. The market extended losses for the third day in a row. From a recent high of 16810.81 on 23 October 2009, the Sensex has lost 527.32 points or 3.13% in three trading sessions

The market breadth was weak. Index heavyweight Reliance Industries (RIL) jumped. Realty stocks also rose. But, metal and auto stocks fell.

Bank stocks fell for the second straight day as the RBI did not relax mark-to-market rules for bank's debt holdings at a quarterly policy review on Tuesday. The market was been agog with talks over the past few days of the central bank hiking the ceiling on the portion of government securities that banks can park in held-to-maturity (HTM).

Another trigger for the sharp slide in banking stocks was the central banks' decision to streamline provisioning requirement on non-performing assets. The RBI asked banks to ensure by September 2010 that the total provisioning coverage against non-performing or bad loans aren't less than 70% of the outstanding amount.

Intraday volatility was high as traders rolled positions in the derivatives segment from October 2009 series to November 2009 series ahead of the expiry October 2009 contracts on Thursday, 29 October 2009.

After a weak opening, the market extended losses in early trade before staging a strong rebound. The market moved into the green from red in early afternoon trade. The market slipped into the red once again after hitting fresh intraday high in early afternoon trade. Volatility remained high in the last one hour of trade.
Also 4747 - 4777 can now act as Trend Reversal levels in markets.
 
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