I can help you with stock chart reading

[judemit]

Hi VV,

The Dow is 110 points down (in red) and Gold is up by 2%. The major factor was the Israel issue and the crude price. I feel that monday markets are headed south if the middle east issue gets esacalated.

 

[priya80]

Hello VVonteru thank you for your time and insight.

I feel you are right. Maybe the market is not conducive for beginners.

maybe for now I should just adopt the hold and watch philosophy
till I have enough experience and also enough capital to dabble in
swing trading.

Nonetheless, thank you for being patient with a novice.

good-luck.

regards,
Priyanka

 

[mahmeds2000]

Hi vv,
can you please suggest abt. the following stocks
1) essar oil
2) RPL
3) Escort

thanks
Ahmed

 

[vvonteru]

Hi vv,
can you please suggest abt. the following stocks
1) essar oil
2) RPL
3) Escort

thanks
Ahmed

Can you specify what U want to do with the stocks. Whether you looking to buy/short or have a position in them. If yes, at what price did you buy.

 

[rhk]

VV,

Given the negative bias, do you think its a good idea to short sell. If yes do you have any prefferred list for the same. It sure looks in the short term we will see downward movement.

Thanks,
Rohit

 

[kumar7]

Dear VV

Is it time to enter Styam: I bought few shares on friday @ 719-720;
I want to buy more! Can you give me entry and exit point. what you think of Zee?

Kumar

 

[vvonteru]

Re: Dear VV

Is it time to enter Styam: I bought few shares on friday @ 719-720;
I want to buy more! Can you give me entry and exit point. what you think of Zee?

Kumar

Zee is doing great. Lost an entry on Friday. If you want to enter, enter at 263 with a stop 220.

I know satyam pulled back again. Since you already have a position, avoid new position now. If the market continues to go up, U will find plethora of setups.

 

[vvonteru]

VV,

Given the negative bias, do you think its a good idea to short sell. If yes do you have any prefferred list for the same. It sure looks in the short term we will see downward movement.

Thanks,
Rohit

Until the market makes the move, lets not take short position. However, we can identify at what point the downward move will be confirmed. Notice the low volume the recent uptrend of Sensex and Nifty. Please confirm the validity of data.

We will use the following to identify the start of downtrend. Since, we are determining the turning point, our stop will be close to exit otherwise.

1. If Sensex goes below July 7th. This is the low of the recent base and also the high of previous pull back on June 26th.
2. If MACD crosses down. After June 19th crossing up, it never crossed down.
3. If 8 day EMA crosses down 50 day EMA.
4. Depending what signal we use, we will use the opposite to exit. In case of signal 1, we will use 11000 to exit.

Same can be pointed in case of Nifty.

 

[tabularasa]

Sir,

at the current market conditions-which sectors are safest to bet on?

i want to enter hindalco

when should i enter and what do u think abt hindalco?

thnx,

t.r.

 

[mahmeds2000]

Can you specify what U want to do with the stocks. Whether you looking to buy/short or have a position in them. If yes, at what price did you buy.

Thanks vv for the quick reply,

I am holding
1) essar oil@70 its cmp is 42
2) RPL@86 its cmp is 61 and
3) Escort@110.
I require your view about these stocks.

ahmed