Trading Strategies Using Technical Analysis

Which date should the meet be held?

  • February 27th 2011

    Votes: 19 59.4%
  • March 6th 2011

    Votes: 8 25.0%
  • March 13th 2011

    Votes: 5 15.6%

  • Total voters
    32
  • Poll closed .

gauharjk

Well-Known Member
Raunak Sir,

Reliance Industries has been so negative recently, even with good results. Do you see its consolidation complete any time soon?

Cheers!
 

SwingKing

Well-Known Member
Those who are willing to take some risk can go long in Nifty at close today and keep a SL of 6000. This is an event driven week and hence buy some protection if you are skeptical.

Tc
Will be scaling in if Nifty manages to close above 6180 (spot)

I understand everyone is anticipating significant risk underneath. But, this is how markets are. Hence, I'll scale in.

Tc
 

rrmhatre72

Well-Known Member
Will be scaling in if Nifty manages to close above 6180 (spot)

I understand everyone is anticipating significant risk underneath. But, this is how markets are. Hence, I'll scale in.

Tc
Hi Raunak,

We are saying market is volitile & we are suppose to see large movement. But today whole of the day it is moving in very narrow range of just 20points.
What does this indicate?
 

SwingKing

Well-Known Member
Hi Raunak,

We are saying market is volitile & we are suppose to see large movement. But today whole of the day it is moving in very narrow range of just 20points.
What does this indicate?
Markets have been volatile in terms of relative movement. The movement we saw in September, makes us volatile. October was a month of volatility relatively easing whereas in November we could see the volatility picking up again.

When you talk about volatility, do not measure it with a day's movement. Always look to measure it at least over a period of 5 days. Currently we are in volatility up swing and hence everyone needs to cautious.


Tc
 

MurAtt

Well-Known Member
Reliance is still not ready for an upmove. I am watching it every week and hence will let you know when it is a valid buy.

Tc
My tgt 1030 in short term .. though with underlying bullishness seems diffcult BUT from 1100 to 1065 today ... so somewhat directionwise got it right ... lets see till where it goes ...

Once a reversal is seen ... entry wud give excellent returns ... till then enjoy the markets vis a vis other scrips :D
 

MurAtt

Well-Known Member
Bro entered tubeinvest at close at 157 sorry for bothering u again n again but just want to see is it a good buy??????????
covered J&K bank at 914.65 stomach dukh rahaa tha would re enter now around 850 If it retrace till there as neer 52week high
Don't mind PT bhai .. but always after u enter u need to see whether good or bad
 

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