manavtechresearch

SWING TRADE IN VEDANTA JUNE FUTURES

Long
NSE:VEDL   VEDANTA LTD
GOOD PATTERN CANDLE TO BUY
JUNE FUTURES TRADE
SWING TRADE
BUY @250
STOP @239.5
TARGET 1@264
TARGET 2@275
LOT:1750
SUGGESTED LOT:2
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PINNACLE PREMIUM INTRADAY FUTURES AND OPTIONS CHANNEL
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Comments

i have bought 2 calls of 260 may
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manavtechresearch rupeshmishra79
@rupeshmishra79, keep a small tgt 0f 255-58
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Okay! Though I have taken 3 puts for May series
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manavtechresearch Pranabkolkatay
think about the short covering before expiry!!
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Pranabkolkatay manavtechresearch
@manavtechresearch, The Tuticorin factory has been closed there are other issues in Goa minning as heard time to time. The asset of Tutikorin is IF only 2% of total assets and that contributes 5.2% of EBIDTA, then it was expected that the company should have thought about the pollution and could have invested more money for public interest. 97 days agitation was peaceful thereafter 11 people were killed besides when we talk of Sach Bharat we expect our people should live in a standard industrial pollution free areas. The more is law the less is justice. The business is not everything, Money also not everything. It would have been better if company could have been worked something on these aspects. This is something beyond technical. Overall perception is not at all convincing for closing my puts even though I am fully aware that I may loose. Okay my stand is clear. I can't accept everything in the name of business though I am in stock market.
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manavtechresearch Pranabkolkatay
@Pranabkolkatay, EXCELLENT POINT BUT TECHNICAL ANALYSIS CONSIDERS THE ABOVE COMMENT AS "NOISE".WHEN A TECHNICAL ANALYST GIVES A CALL ON A PARTICULAR STOCK ITS NOT BASED ON FUNDAMENTALS
"YOUR STAND IS CLEAR" I GET THAT BUT A SUGGESTION FROM A FELLOW TRADING KEEP "EMOTIONS ASIDE AND TRADE". THE STOCK HAD A CLEAR BREAK-OUT ON FRIDAY "THAT WAS SHORT COVERING MENTIONED
AS ABOVE"
UNDERSTAND ITS NOT A ARGUMENT THE STOCK HAS FORMED A BOTTOM OF 243 AND HAS CRUCIAL SUPPORT AT 237.5 TILL IT BREAKS THOSE LEVEL ON THE STOCK MY VIEW POINT AND I QUOTE" STAY LONG FOR A JUNE CONTRACT"
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Pranabkolkatay manavtechresearch
@manavtechresearch, I appreciate your points. I also agree on your view on trading analysis of stocks. Undoubtedly you have made your points also clear. I am happy the way you have answered. However I have seen that in the same day there are different technical views on Nifty trading. Some says nifty will be up. Some says nifty will be down. Some are confused on breaking up or breaking down. There then probably comes the fundamental. Without any arguments how far precise who is and with due respect to everyone at that point when such confusion arrises I believe it is the fundamentals that probably takes a role. Even Twitter from Triumph acts as an indicator. In case of metals those are cyclical in nature depending on global growth. It is only couple of days back PMI indicators of Europe went below expectation and US hold the key.So the cycle is somewhat confusing to many. I too appreciate on your suggestions to take contract from June onwards. Unfortunately SEBI has put some conditions about margin for carrying a contract. Many retail investors including me will abstain us from future contracts. If at all I can carryout I wish to continue in Nifty trading. So far my success rate has been more than 80% in Nifty trading. However being an option trader in stocks I personally have lost money blended with sentiments. In short I wish to trade only in nifty and I have invested in a few stocks like PAGE, Bandhan bank, TCS, HEG etc. I wish I restrain myself in positions in stock and if at all I can trade I believe nifty trading probably the best that I can do successfully. Thank you again for your comments but even if would have been written those in small letters I would have been taken those in same spirit.
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manavtechresearch Pranabkolkatay
@Pranabkolkatay, BEST OF LUCK FOR THE FUTURE AND HOPE YOU ACHIEVE SUCCESS ON YOUR JOURNEY!!
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Pranabkolkatay manavtechresearch
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