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Melt upMost overbought ever...at least till 1970's If that's not enough please humor me. What's funny is everyone in the mainstream is defending. Including Warren Buffett. www.cnbc.com And this is the response from Cliff Asness twitter.com You know where I stand. Make up your own mind. This is a global equity story. Not just the US. Indian benchmark indices touched all time highs today. Watching ETNOW and CNBC in India is funny. Their condescending opinions about markets are the daily dose of entertainment for me. Even more amusing is how the opinions turn on a dime day over day. With all due respect though. It's a tough job they have. I wouldn't fair better in all honesty. But investors should.
TVC:DJIShort
by Kaustubh
7
Go long in NIFTY for TARGET of 10800, with a STOP LOSS of 9990So do you think I'm giving an aggressive call? If you observe my stop loss is conservative, so this gives me a mileage to keep a big target. Considering the recent fall in NSE:NIFTY just observe the previous fall dated from 19th September to 27th September, just see you will find a lot of similarities in both the situation. The Earlier one looked like a DOUBLE TOP and from there it jumped to making new highs a rally of tremendous 800 plus points. Look at the RSI levels as well, every time it goes below 30 we see a bounce of minimum 500 points. There is one more thing I want you all to observe, there are 2 Trend Lines, the Maroon one it has been breached twice now, so it gives you a FALSE ALARM , and if the price closes above it again then the market resumes it's previous bull trend. The Blue Trend Line has fewer touch points but it sure has not been breached till now. So we can also use these 2 pointers to confirm a trend reversal. So considering all this, I feel it's more safe to buy and going by the sentiments, it's kinda negative. Which gives me further mileage because if I'm right and trading against the overall sentiments. I'll get a swifter rally. Stock specific I'm expecting that it will have tremendous volatility, as you would have observed even today the surge in stock price was more than 2% to 5% in major stocks. Stop is recent swing long and also below a psychological 10000 level. Note: Always trade with stop loss (In Trading Discipline is everything)
NSE:NIFTYLong
by RITESH_TMR
1
TATA ELXSI - Upward channel breakout.Tata Elxsi CMP 1041 Bias - Long bias. Rationale: Upward channel breakout. Strategy: Short term strategy - Buy at CMP for a target of 1160 to 1200 and a stop of 975. Highest addition of OI seen in 1200 call followed by 1160 call; hence 1160 should act as a mild resistance and 1200 should act as a strong resistance. So strategy should be having a trailing stop as the price moves higher inorder to get the max benefit above 1160. All levels are based on spot prices. Any position in futures and / or call should be linked to the indicated spot levels. Long term strategy - Buy 50% at CMP and 50% if it breaches the resistane convicingly with voumes above 1200. Above 1200, stock has the potential to reach 1500. Stop for both short and long term strategy should be at 975.
NSE:TATAELXSILong
by scorpiomanoj
Suven Life Buy on Dips towards 200 - Long Term Investment NSE:SUVEN It's a Long Term Investment Idea 1. Long term moving average is trending up. 2. Current trading price above moving average. 3. Since Jan this year, it's trading in a 90 point range (145 - 235). Weekly close above this range will be a significant positive and confirmation of uptrend continuation. Close below this range indicate continuation of downtrend. 4. Buy on Dips towards 200 (Preferably 180-200) 5. Price based Resistance and Support areas marked on charts. 6. Fib Ext levels Indicate support and targets.
NSE:SUVENLong
by nsetrader28
MEDIUM TERM BUY JSW ENERGY @ 75, STOP LOSS OF 48 & TARGET of 110NSE:JSWENERGY was moving in in Downward Channel on Weekly Chart, and the stock broke this channel in the 1st week on September there after we witnessed a swift rally 81.70. Trading in better rewarding as risk is comparative lesser where you try to gauge reversal at channel extremes and take advantage of low stop loss during this reversal points. Channel breakouts on the other hand are extremely difficult to trade because stock has tremendous volatility and getting a proper entry during this high volatile period is a challenge. The ideal way is to wait for the initial volatility and euphoria to die down and let the stock consolidate and wait for channel role reversal of channel support/resistance. NSE:JSWENERGY after 2nd week of September there was a correction with lower volumes and the stock test the support of the channel which earlier was resisting the stock. This should be an Ideal entry point. This is a medium term trade, from increasing volumes we can make out the participation phase. Duration should be 6-8 months for this and we can expect around 50% return on investment.
NSE:JSWENERGYLong
by ritesh85