Trading Strategies Using Technical Analysis

[nimish_rulz]

Depends on how much one can Risk Nimish.

For markets to turn bearish, there is lot more that has to happen.

This is still routine correction.

Tc

I am just thinking about going in cash and then restructure with the most bullish scrips once this stops.

 

[PGDIMES]

Hi Raunak,

Today I short WIPRO@466 & covered @459.
Now it trading @470.
I am thinking of shorting it again.
Your advice pls.

Dear Rahul,

Even if you want to short IT, do it after Infy result on 13th... My advice and I may be wrong...

 

[nimish_rulz]

Depends on how much one can Risk Nimish.

For markets to turn bearish, there is lot more that has to happen.

This is still routine correction.

Tc

Even before I could have thought about selling, market has reversed completely

 

[rrmhatre72]

@Rahul,

Why did you want to short it?

Tc

Hi Raunak,

It was based on 315 Strategy.
Today WIPRO, TS,Lupin & Reliance got sell signal as per 315.
I initiated short trade only in WIPRO & gained 7points (Short 466 & cover 459). But after that stock picked up & moved to 474 which was above 3EMA(472) & below 15EMA(476).
As per 315, It is still a short signal.
Then it drifted down to 470. Hence I thought it is confirmation on sell signal.
But thought of checking with you as in intraday it bounce from 455 to 474. I was not sure if this move was giving any change in price structure.

As per today's closing still it is still sell signal. I think close above 480 will give buy signal as per 315.

I think 315 signal worked well on other stocks..

 

[SwingKing]

Swing long in Nifty & Bnifty have been retained.

Tc

 

[nimish_rulz]

Nifty Future outlook for tomorrow :

Review of : 70994044
as of 11/01/2011
TODAY'S CLOSE 5,809.000
TOMORROW's
PROJECTED HIGH

5,896.30

PROJECTED LOW

5,754.50


BOLLINGER BANDS
CLOSING PRICE:5,809.000
BOLLINGERBAND TOP:
6,207.249
21 DAY MOVING AVERAGE:
5,991.446
BOLLINGERBAND BOTTOM:
5,775.643

 

[drgdmunshi]

Respected and dear Raunak-ji,
Congratulations,heartiest wishes and intense regards.

 

[spacenoxx]

Nifty Future outlook for tomorrow :

Review of : 70994044
as of 11/01/2011
TODAY'S CLOSE 5,809.000
TOMORROW's
PROJECTED HIGH

5,896.30

PROJECTED LOW

5,754.50


BOLLINGER BANDS
CLOSING PRICE:5,809.000
BOLLINGERBAND TOP:
6,207.249
21 DAY MOVING AVERAGE:
5,991.446
BOLLINGERBAND BOTTOM:
5,775.643

Thats mighty bullish as your Nifty low is today's closing ... hmmm

 

[vssoma]

dear members,
happy new year...
raunak ji... i need your suggestion...
i am planning to invest as SIP with this stock for 5 to 10 years, what is your openion for sip with this....

thank you,

 

[Gang123]

Swing long in Nifty & Bnifty have been retained.

Tc

Sir,\

I think BANKNIFTY is going to Take the NIFTY TO 6000 plus from here.


Regards,
Gangadharan:thumb: