EOD report for 16th Aug.
Hello there. We had an extremely good day trading the markets with the volatility helping us to some good profits in our positional and intra day calls. Let’s have a look at the charts. The market behaved a bit deceptively in the morning for us. It turned 0.15 paise from a short call in the […]
Short watch on 3 stocks: TATAMOTORS, LICHSGFIN, BANKINDIA
Well – don’t want to be biased on long side. So to balance out for the 3 long watch posted below, here are 3 stocks for short watch. Some profit booking seen in all three but that doesn’t mean they will have to fall right away.. 1. TATAMOTORS: 5% OI cut on Friday. Profit booking? […]
Watch for 3 long ideas: FEDERALBNK, ESSAROIL, ICSA
Well — all three of these are in the ‘watch’ category as all of them seem to be consolidating in a narrow range after a fall in late July. 1. FEDERALBNK: OI up 25% in last 2 days with a price increase from 322 to 332. Currently @Weelky POC. If it can cross 335 then […]
Emerging Markets
Viren here. I was just doing a weekend check on global markets. I want to share with you a chart I see often abour global induces. These are global ETF’s as they are traded on the NYSE, and tend to follow the individual stock markets of the countires they represent. For example IFN is an […]
Trade Alert : Bank Nifty
Description : Short BN future at 10731. Positional call. Sl : 10795 Target : 10530. Bank Nifty has moved up about 400 points in one session. We are noticing the index beginning to form a “p” shape, which indicates that the longs are moving out. We are anticipating a move below the value area on […]
Trade Alert : Sterlite
Description : Buy Ster in cash at 162.1. Positional call. Sl : 156 Target : 172/ 178 Sterlite has seen a strong downtrend and a “b” shaped profile developing. We feel that shorts from higher levels are exiting and longs should enter. This is an aggrresive play.
Trade Alert : RNRL
Description : Buy RNRL above 39.1. Positional call. Sl : 38.1 Target : 42.85 After a long downtrend, RNRL seems to be balancing out. We are looking to take longs above POC as a confirmation of that, with a stop below previous lows. We are looking to target the high volume node at 42.85.
EOD 12th Aug
Hello all. I’m back with my EOD update. Have a look at the charts from today. First the Nifty. We were aware at the close yesterday that sellers were covering their positions. Those who didn’t did so in the morning. However we were waiting for a confirmation at the open itself for the same. Within […]
EOD 11th Aug
Viren here. It was a fascinating day of trade in the markets today. Let me add…for the sellers. Those who sold at the open and held came back with good rewards. The Nifty was resisted in the morning again at value high and the sell was confirmed below value low. The Bank Nifty started as […]
Trading Room
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