Trading NR7 setup

[anshuman.k]

Cubt - thanks for the reply. Is it a good idea to carry these stocks for Monday? Looks like they both will close above the nr7 high

 

[Biswajit Das]

biswajit- coal india result on monday take care

Thank u for ur valuable information. I will place my stop loss order in early trade on Monday.

 

[Cubt]

Cubt - thanks for the reply. Is it a good idea to carry these stocks for Monday? Looks like they both will close above the nr7 high

Yes you can, but trade with keeping NR7 Low as Stop Loss.

 

[Cubt]

nr7 stock future for 24th may 2013 -

1) albk future
2) coal india
3) hdfc bank future
4)itc future
5) sesagoa future.


Happy n safe trading

enjoy

On intraday basis, ppl who traded in these stocks would have been in loss now.

ALBK and SesaGoa both broke NR7 Low & High

Coal India upside breakout-stayed aboved NR7 High

ITC-Break down - but closed above NR7 Low but still did not hit NR7 High.

HDFC - Break down - but closed above NR7 Low but still did not hit NR7 High

is anyone trading positional on any of the above stocks?

would be great if anyone could post their technical views on ITC and COAL INDIA.

 

[Biswajit Das]

Cubt - thanks for the reply. Is it a good idea to carry these stocks for Monday? Looks like they both will close above the nr7 high

I was also thinking that both the counter sesagoa n albk were ideal candidates for BTST. Because, I did not see any strong selling pressure at lower level (near NR7 low) and lastly they have given upside breakout(NR7 high) and on the other hand Nifty also turned from red to green.However I have not taken any positional trade except coal india.Thanks.

 

[anshuman.k]

On intraday basis, ppl who traded in these stocks would have been in loss now.

ALBK and SesaGoa both broke NR7 Low & High

Coal India upside breakout-stayed aboved NR7 High

ITC-Break down - but closed above NR7 Low but still did not hit NR7 High.

HDFC - Break down - but closed above NR7 Low but still did not hit NR7 High

is anyone trading positional on any of the above stocks?

would be great if anyone could post their technical views on ITC and COAL INDIA.

I have carried sesagoa, albk & coal india futures. Keeping my fingers crossed for the monday trade!

 

[Cubt]

I have carried sesagoa, albk & coal india futures. Keeping my fingers crossed for the monday trade!

It seems everyone is carrying positional trade on Coal India. Even am long on Coal India Futures.

:cheers::cheers::cheers:!!

Also Am short on ITC futures!

 

[Biswajit Das]

I have attached herewith chart of Coal India and ITC. I will be doing so what chart is saying.I shall be happy if respected members utilize it properly.I am neither a good trader nor a so called analyst. A good trader should not be an unnecessarily a good analyst, but must be a good trader. And to be a minimum good trader we must have to follow formula, setup,charts,maths,software etc.In this way I am trying to present my little effort.Thanks to all members and have a good coming week.[/ATTACH]

 

[Biswajit Das]

NR7 for 27/5/13 Monday
asianpaints 4825 4762.3 IBNR7
bataindia 807 795.5 NR7
bargerpaints249.8 243.15 IBNR7
bpcl 390.8 381.2 IBNR7
divi'slab 994 978 IBNR7
dr.reddy's 2071.05 2053.45 IBNR7
hdfcbank 705.75 694.3 NR7
itc 334.15 328.7 NR7
jpassociate 69.05 65.5 NR7
ntpc 151.35 149.1 IBNR7
riil 384.3 373.3 NR7
ucobank 77.25 74.85 NR7
vipinds 65.7 63.5 NR7
Please recheck to avoid any inaccuracy. I am unhappy that list is too long. Smart trader should find out Monday's gems among NR7 and IBNR7 stocks.

 

[anshuman.k]

hdfc & bata doing really well