Thoughts
Mynac posted this thought last night : Dear Shai,I am fully convinced that 5135 will be now big support but do you see any possibility of Nifty even trading above 5200 tomorrow? I personally don’t think so because in which manner today Nifty traded in last one and half hour between 5190 to 5170 is […]
Trade Update
We got stopped out of HDFC Bank yesterday itself but the move in LT has made up for all the loss and more. I am still holding LT to see if it can get by 1997. The broader market has accepted the gap up from last night and after all things considered this should point […]
Trade Alert : HDFC Bank, LT
Description : Sell HDFC BankPrice : 1963Sl : 1976Target : 1933, 1890. Description : Buy LTPrice : 1556Sl : 1540Target : 1580 / 1590. .
Query
One of our regular commenter Musti, posed me this question at 2.00 pm today : “Shai, As I also asked in morning regarding my position I have few lots long in NF average price 5171. What to do now hold it or exit from it.Plz suggest” I am not at all averse to answering queries […]
Trade Update :
Nifty Future is currently trading at 5135 and the Bank Nifty is trading at 9610, both trades have logged in gains from the morning. The reason for this post is that there is a fair bit of ambivalence regarding the next few moves in the Nifty from purely a market profile point of view. Those […]
Trade Alert : Bank Nifty
Description : Sell Bank NiftyPrice : 9660Sl : 9690Target : 9585/ 9435. .
Trade Alert : Nifty
Description : Short Nifty FuturePrice : 5162Sl : 5192Target : 5135/5092/ 5082. .
Trading
Picked up this definition of trading as it applies to the stock markets : Trading is the anticipation, timing, and placement of orders to capitalize on change We are holding longs from 4990 spot levels as per this post here: http://vtrender.blogspot.com/2010/05/quick-update-on-mp-levels.html We are at the 5135 levels now as in the post above. A small […]
Weekend View
The talk from the just concluded trading week has been the fall in the US indices in the past two days and suddenly you had bear blogs which were blown to extinction pop out with comments and analysis and the proverbial ” we told you so..”. Never mind if the “we told you so” have […]
Position update
The morning weakness took me out of my two longs in HDFC and Grasim, though I have jumped back in, in both of them in my personal account…But for the journal we will count them as stopped out. I am planning to stay out till the dust settles a bit which will mean no more […]