Day Trading Stocks & Futures

Congratulation on your profit. And I honestly don't know where it will go or when it will turn back - beyond my capability to predict. But all I know, in 8-12 weeks Horizon, if that lower level I mentioned, did not break on a weekly closing basis, it will go up (a probability). Rest time will tell.
hmm may be in 240+ in 12 weeks . but a lot of resistances need to pass for that .
I could be wrong too though.
I bought because of double bottom . so yea 10% gain is enough for me.
 
I am not posting charts - but 4 stocks are on my Radar, note the date and time of posting, will revisit:

1. Sobha (CMP - 324.5) - might go to 450 odd range. Setup considered invalid if weekly basis closure is below 300
2. Prestige (CM 289) - might go to 350-380, Setup invalidated below 235
3. MOIL (CMP 142.5) - might go to 240 , Stup Invldt 120
4. FMGOETZE (CMP 347.45, might go to 480 odd), invalid below 320
Moil is on my positional radar too... which means, most likely, that we're in trouble ;)
 

travi

Well-Known Member
This Nifty target of 13380-13400 is done.....what next ???
NS is still CD9 and there is ample liquidity, plus Dec month closing for annual is usually good so higher levels like another 400-500pt is in range. ( but bit over-extended rally needs to rest )
Jan and Feb are the months that usually see booking so even though didnt see such high levels coming, this window is still open so till then we enjoy the ride :D

The current PE is factoring next Qtr results, so those should also come as being forecasted.
 

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