Trending F&O Stocks

[NoviceStockTrader]

auto stocks like tatamotors/maruti are up today , whats news sector specific

Tatamotors up because someone wants to buy 2500 cr worth of shares at 10% higher than yesterdays closing price. Suspect it could be Ratan Tata.

Maruti not sure if news driven but some auto stocks like M&M also up.

 

[NoviceStockTrader]

EST sir and travi sir , what about retest of strong support 220, low probability , as it bounces from 300

Sir, Please dont call me sir. I am still a novice.

If I have to short, I will only do so after it closes below 320.

 

[TraderRavi]

nifty can test lower supports

 

[TraderRavi]

Sir, Please dont call me sir. I am still a novice.

If I have to short, I will only do so after it closes below 320.

then dont call me sir too, TR/ Ravi /Ravi bhai is ok

 

[NoviceStockTrader]

then dont call me sir too, TR/ Ravi /Ravi bhai is ok

Ravi Bhai is good:thumb:

Nifty goes up or down. I am happy so long as it is going non stop in one direction. But you are right, the highs do not seem to hold and there is a tendency to test support specially with the FED meet slated tomorrow. One think I have noted is our markets have always gained prior to the FED event.

 

[travi]

Ravi Bhai, looking at Titan chart, my 2 cents is I'v moved from support lines to support zones from last many months.
A correctly interpreted support zone from chart is 310-320, that will act as strong support but since 300 is BRN, we can expand it little as 300-320.
This is roughly 7-8% zone, so BD of 300 is definitely going to go lower zones.

B/w 310 and 300, we need to lookout for retests and what volume is doing it.

 

[NoviceStockTrader]

Ravi Bhai, looking at Titan chart, my 2 cents is I'v moved from support lines to support zones from last many months.
A correctly interpreted support zone from chart is 310-320, that will act as strong support but since 300 is BRN, we can expand it little as 300-320.
This is roughly 7-8% zone, so BD of 300 is definitely going to go lower zones.

B/w 310 and 300, we need to lookout for retests and what volume is doing it.

Agree. It has held that 300 mark many times in the past. So have to be cautious trading these levels.

 

[timepass]

TaMo is way off its highs.. will it fill the gap ??

 

[NoviceStockTrader]

TaMo is way off its highs.. will it fill the gap ??

Spot high is 486.25 but futures is only 477.95. Strangely a big discount!
Spot could test 457.5?

 

[TraderRavi]

TaMo is way off its highs.. will it fill the gap ??

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http://economictimes.indiatimes.com...jump-5-on-block-deal/articleshow/55954077.cms