Trending F&O Stocks

[NoviceStockTrader]

good move in axisbank , ongc

Be cautious of rallies in Axis bank. Yesterday I said it was a good idea to go long axis bank and short some weaker bank. Would have been a nice trade. Shorting the weaker bank was a hedge. Even today when the stock was at 467 I mentioned it could test 477 and it closed at 478 levels. If Sustained above it can test 493. But I will be very cautious trading long in Axis now as it can reverse very quickly. Just better to avoid it altogether untill the chop is over.

 

[vagar11]

one good trade in BNF too , no more trade now
2 trade NF/BNF :thumb: , 2 crap trades titan/maruti

Ravi bhai

Is this entry based on ERL? or something else?

How many stocks are u scanning at a time? IS there any criteria that u decide to look for stocks the next day?

 

[TraderRavi]

Ravi bhai

Is this entry based on ERL? or something else?

How many stocks are u scanning at a time? IS there any criteria that u decide to look for stocks the next day?

what is ERL?
decision to short based on weakness to stay over 18500 , price action/BOF
there are only 10-12 FNO stocks in my MW , criteria is it should give good moves intraday plus good liquidity.
IMO one should observe a stock for sometime to understand its daily moves , bid/ask, liquidity, support/resistance etc before trading in it.

 

[NoviceStockTrader]

Ravi Bhai,

Watch IOC today.
Titan closed below 320 gave a rally and now at 316.
Tata Motors looks like sell on rally.
Tata steel looking strong buy on dips candidate.
Zee ent I'm watching the 430 mark for a break of support or a bounce from there.
Maruti maybe weak as yen crossed 117 against usd.
Wipro daily poised for a bullish break.

 

[NoviceStockTrader]

Ravi bhai, Seen Auropharma??? Crashed to 666. Pe now at 39 Rs

 

[TraderRavi]

Ravi bhai, Seen Auropharma??? Crashed to 666. Pe now at 39 Rs

more than 10% fall from levels of 740-45

 

[TraderRavi]

Ravi Bhai,

Watch IOC today.
Titan closed below 320 gave a rally and now at 316.
Tata Motors looks like sell on rally.
Tata steel looking strong buy on dips candidate.
Zee ent I'm watching the 430 mark for a break of support or a bounce from there.
Maruti maybe weak as yen crossed 117 against usd.
Wipro daily poised for a bullish break.

IOC/wipro/tatasteel not in my MW
added IOC/TS but not wipro

 

[NoviceStockTrader]

IOC/wipro/tatasteel not in my MW

Ok. no worry. I watch them so will shout out if I see something interesting.

 

[TraderRavi]

Ok. no worry. I watch them so will shout out if I see something interesting.

you track ongc ? liquidity is good

 

[NoviceStockTrader]

you track ongc ? liquidity is good

Have not tracked it so far. Will keep an eye on it. Is it one of those big movers?
Just saw the chart. Looks very over bought.

ps:Nifty spot is so stuck to 8150. You think its going to crack?