Serendipity Stock Tips for Daytrading

Cactus · #21 7th March 2008, 09:46 PM

Good.

Quote:

Originally Posted by biyasc

my broker flexicare put a sell call on patni for a target of rs.50. is your broker (reliagere) gave a buy call on this?

. oh god.

wc2007 · #22 7th March 2008, 09:55 PM

Ok so its a competition between Religare and Flexicare, lets see who wins

Target 50 for u
Targer 270 for me

Serendipity · #23 8th March 2008, 05:07 PM

Asian Electronics
NSE Symbol - ASIANELEC
Current Market Price - 209.65 (March 7, 2008)
Recommendation - BUY
Target - 235 (by March 13, 2008).

Serendipity · #24 10th March 2008, 09:07 AM

Daytrading Tips for 10/03/2008

HDIL – Go short with a target of 600 followed by 591. Suggested Stop Loss – 630.

Educomp – 3300 is the critical level to watch. If stays above 3300, it will touch 3500. If falls below 3300, expect 3200 in a matter of minutes. Stop Loss for going long – 3280. Stop Loss for going short – 3350.

Disclaimer - Stock market recommendations are based on fundamental and technical analysis of stocks and no profit can be guaranteed. Investors are advised to make their own investment decisions with the information provided. Any investments, trades, and/or speculations made based on the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk.

biyasc · #25 10th March 2008, 09:44 AM

Quote:

Originally Posted by wc2007

Ok so its a competition between Religare and Flexicare, lets see who wins

Target 50 for u
Targer 270 for me

it was a joke, dnt take it seriously.

. my broker flexicare is not in mood for a competion against religare.

.

sanjith.ts · #26 10th March 2008, 10:36 AM

what is stop loss

Serendipity · #27 10th March 2008, 11:17 AM

Quote:

Originally Posted by sanjith.ts

what is stop loss

A stop loss is a column on your trading window, when you put an order. If the stop loss price comes the terminal will automaticaly square off your position to prevent a big loss. Lets say today we sold HDIL at 605 with a stop loss at 630. The current market price is 557. So we are in a very good profit, because our prediction was right.BUT if the prediction was wrong and the stock would have gone to 690, then our position would have been squared up at 630 so we would not have to take much loss. You must always set stop losses according to your own risk taking capacity.

biyasc · #28 10th March 2008, 11:20 AM

Quote:

Originally Posted by sanjith.ts

what is stop loss

this is your first post & you are talking about stop loss. this is very good. serendipty.

rangarajan · #29 10th March 2008, 07:23 PM

Quote:

Originally Posted by Serendipity

Daytrading Tips for 10/03/2008

HDIL – Go short with a target of 600 followed by 591. Suggested Stop Loss – 630.

Educomp – 3300 is the critical level to watch. If stays above 3300, it will touch 3500. If falls below 3300, expect 3200 in a matter of minutes. Stop Loss for going long – 3280. Stop Loss for going short – 3350.

Disclaimer - Stock market recommendations are based on fundamental and technical analysis of stocks and no profit can be guaranteed. Investors are advised to make their own investment decisions with the information provided. Any investments, trades, and/or speculations made based on the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk.

Dear Serendipity,
For my information & knowledge,how did u trade Educomp today.Stock opened below 3200- yr tgt,gap down open,went further down.Above 3300 on pull up,achieved the tgt.Point is ,r we to trade Gap down for short & take the risk of going long when the mkt was bearish & stock was pulling up.

Serendipity · #30 10th March 2008, 10:08 PM

Quote:

Originally Posted by rangarajan

Dear Serendipity,
For my information & knowledge,how did u trade Educomp today.Stock opened below 3200- yr tgt,gap down open,went further down.Above 3300 on pull up,achieved the tgt.Point is ,r we to trade Gap down for short & take the risk of going long when the mkt was bearish & stock was pulling up.

No. You should not take the risk of buying below 3300. Only when the stock crosses 3300 you should go long because 3300 support would protect you.
Today, if you would have gone long at lower level you would have made more money but on another day you might get caught.
Never trade on rebound. If stock is going down, go with it but if it goes back up above opening level, then dont go short.
For example, today if it opened below 3200 and lets say it went to 2900 and then recovered to 3290. The DONT go short.