Hello Everyone,
I intend to post here recommendations gained from TA of xxxxxxxx and my own observations. Prices are spot unless otherwise mentioned. My trading universe consists of FnO stocks mainly so shorting positions may be carried over to expiry.
Nifty has given Bullish Harami (H) and Harami Cross (HX) candles yesterday with 4952 being major resistance. So it is prudent to look for shorting trades when it is near that level. The stocks with SS (Strong Sell) calls are:
ultracemco(h hx), gtoffshore(hx), albk(h hx hmr),
ioc (trend still +ve so avoid),
bhusanstl, dishtv, acc, bankindia, hdil, sail
chennpetro(3bc), (3 black crows - hammered for 3 days so avoid)
reliance(h), suzlon(h), gvkpil(h hx), ifci(h hx), m&m(h hx)
Since most stocks have bullish candles, I'd wait until they reach first Resistance levels along with Nifty hitting 4952 or thereabouts.
e.g. Short SAIL around 200 with stoploss just beyond R1 which is 202.4.
I'd love to hear from other DLN members here.
Paresh
I intend to post here recommendations gained from TA of xxxxxxxx and my own observations. Prices are spot unless otherwise mentioned. My trading universe consists of FnO stocks mainly so shorting positions may be carried over to expiry.
Nifty has given Bullish Harami (H) and Harami Cross (HX) candles yesterday with 4952 being major resistance. So it is prudent to look for shorting trades when it is near that level. The stocks with SS (Strong Sell) calls are:
ultracemco(h hx), gtoffshore(hx), albk(h hx hmr),
ioc (trend still +ve so avoid),
bhusanstl, dishtv, acc, bankindia, hdil, sail
chennpetro(3bc), (3 black crows - hammered for 3 days so avoid)
reliance(h), suzlon(h), gvkpil(h hx), ifci(h hx), m&m(h hx)
Since most stocks have bullish candles, I'd wait until they reach first Resistance levels along with Nifty hitting 4952 or thereabouts.
e.g. Short SAIL around 200 with stoploss just beyond R1 which is 202.4.
I'd love to hear from other DLN members here.
Paresh
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