IDBI resumed Fresh shorts today on NSE. Indicating stock is unable to cross its recent high of 63. Sell IDBI at 61.40 with SL of 63 and Target of 58.70
Nifty cmp 10871 Initiating intraday shorts in nifty with stoploss above 10896 targets 10845 and lower ESSENTIALLY A COUNTER TREND TRADE WITH HIGH RISK keeping trade size small due to the complex corrective trade conditions are not ideal---thus smalll traders should avoid trading unless u can monitor in real time DONOT take this trade DERIVATIVE TRADING IS A...
NIFTY CMP 10780 SPOT, INITIATING SHORTS IN NIFTY WITH STOPLOSS 10857 PLEASE READ 1 counter trend trade =very high risk 2 positional trade 3 All prices spot 4 Small traders should NOT take such trades 5 It may not be possible to post Updates in real time
Relcap might come down tomorrow very high RSI levels after the rally profit booking might happen before the next move.
BPCL cmp 409.8 initiating positional short trade in bpcl with target of 395 and lower,stoploss 318 all prices spot Please do careful risk calculation before taking trade All positional trade carry huge overnight risks due to news flow. Not for small traders Derivative trading is a high risk activity ,there is no guarantee of trade being profitable
M&M has been in uptrend due to good results for few days Whenever it makes tweezer top near trendline, tends to come down looking at history Candlestick - Tweezer Top MA- Price may take next support on 10 DMA Volume - Good selling volume last day RSI - Negative divergence from oversold
Reliance cmp 916 Initiating positional shorts in reliance with stoploss above 934 Trgt 880 approx all prices spot trade instrument june futures trade quantity will be less than usual because of lack of direction in index positional trade carries huge overnight risk - NOT for small traders with capital 1-2 lakhs . Might not update trade in real time so...
Initiating nifty shorts at 10680 ,looking for target of 10650 and lower stoploss will depend on developing 30 min charts intraday trade all prices spot please note due to time constraints i may not post the trade results(exit) in real time plz monitor trade in real time DO NOT trade if you are not able to monitor in real time Strict stop loss should be...
KSCL Has broken down today on NSE with more than 4 times its average volume just below ichimoku cloud. which signals a sell. Since markets are volatile, it would be good to enter sell position on KSCL around 480 with SL of 495 and Target of 455.
Profit booking may start now since stock has been in uptrend for some time. RSI : Overbought Candle - Bearish Harami MA - Stock may retrace upto 10 DMA (1940 - 1960)
Retracing from recent high RSI - Negative Divergence Candle stick - Negative after bearsih engulf yest MA- Will possible take support on 10 DMA after some retrace for 1/2 days Entry - Below 151 Targets - 147 / 145
NIFTY cmp 10695 -initiating shorts in nifty Targets ----10625 and lower Stoploss -depending on developing price action 1 a high risk countertrend trade-----NOT for small traders 2 No stoploss given it will be decided by developing price action -----thus risk increases considerably 3 this trade might involve adding positions at various levels so actual cost...
DLF nse cmp 218.5 short with stoploss above 221 looking for targets of 213 and lower
TCS CMP 3507 Keeping it simple... Everything mentioned on the chart...
Nifty cmp 10596 short at 10596 spot looking for trgts of 10550 -10530 stoploss above 10628
HINDALCO looses 3.4% on NSE today with greater than average Volumes and fresh shorts seen on stock. Sell HINDALCO around 202.55 with Stop-loss on closing basis at 206.25 and Target of 190.10
Nifty CMP 10562 -- Major Resistance at 10707-10736 zone - Support at 10400-10420 levels If support is taken out we could be starring at H&S pattern completion and Nifty could be dragging back to sub 10000 levels over a period of time. A close above 10740 will indicate pattern invalidation For the day 10572-10594 is an important resistance zone Take care &...
Tatachemical cmp aaprox 723, short @723 with stoploss above 731 spot. Trade trgt will depend on market conditions price movement going forward Plz do proper risk assessment before initiating trade Do Not overtrade Positional trades carry huge overnight risks All prices are spot