Trading Strategies Using Technical Analysis

[SwingKing]

Hello Raunak Sir,
What are your views on IOC, is this a good buy for positional trade?
Thanks

Its looking good for positional investments. Also, if markets head down, this stock (and the sector) should do well.

Tc

 

[SwingKing]

Prabhu,

Aaap apna exit bata diya kijiye. Apna bahut lamba lag jata hai. apni abhi bhi nakal utarne ki aadat gayi nahi.

Thanks and regards

I din know you had taken the same position Esse. Sorry for that. Will keep these small things in mind next time.

Tc

 

[rrmhatre72]

Usually same, that is 20 points. But at times have to lower it if I see base building.

Tc

Hi Raunak,

I am thinking to scalp it now ~5407(long). just want to your opnion based on your system

 

[SwingKing]

Hi Raunak,

I am thinking to scalp it now ~5407(long). just want to your opnion based on your system

rrmhatre,

I am currently taking no longs. Be it scalp wise or swing wise. Markets have now entered a wait and watch zone. On short term, trend is turning down and if I scalp, it will be on the short side. I feel markets will see more downside in next 2-3 days unless strength is depicted. But now I am not taking any position.

Believe in your system though.

Tc

 

[rrmhatre72]

rrmhatre,

I am currently taking no longs. Be it scalp wise or swing wise. Markets have now entered a wait and watch zone. On short term, trend is turning down and if I scalp, it will be on the short side. I feel markets will see more downside in next 2-3 days unless strength is depicted. But now I am not taking any position.

Believe in your system though.

Tc

Thanks Raunak,

anyway I am already on short side from long term prospective.
Short Sept NF @5445. This is protected with 5400call@100.
Hence it is better for me if goes down. My breakeven is 5345 at lower side on NF. If it move upside then max loss of 55points which will remain constant till end of Aug series.

Anyway got out of scalp within 10points 5405buy & 5415.6 sell.

- Rahul

 

[MurAtt]

Cairn India Ltd.

The ownership of the firm now transferred to Vedanta @ Rs 405 per share (a 32% premium to avg price of 3 month till 14th Aug 2010).

Down 7% today. Do we see 290 again? Was this price level jacked up just fpr the sale purpose? Or some neg for the co in the change of hands?

Views invited ....

 

[PGDIMES]

Cairn India Ltd.

The ownership of the firm now transferred to Vedanta @ Rs 405 per share (a 32% premium to avg price of 3 month till 14th Aug 2010).

Down 7% today. Do we see 290 again? Was this price level jacked up just fpr the sale purpose? Or some neg for the co in the change of hands?

Views invited ....

Rs.50 will be given to Cairn plc as a non-compete fee...Retail investors will be deprived of it...Waiting for SEBI's clarification...

 

[rajeabc]

Rs.50 will be given to Cairn plc as a non-compete fee...Retail investors will be deprived of it...Waiting for SEBI's clarification...

according to new rule (white paper in circulation but not implemented yet ) they can not do non-compete fee BUT in old rule they can do these things.
Lets see how SEBI will react.

 

[SwingKing]

List of stocks which look good for some sessions ahead.

PTC
LT
JSW steel
Reliance Capital
Union Bank
Unitech

Those highlighted in Bold are my favorites. Let's see how these do.

Tc

Will exit all positions today.

JSW and RelCap gave losses. Whereas, PTC (booked around 119), Unitech and Union bank did well.

Tc

 

[SwingKing]

Ultratech Cement and TV 18 could give good short term results on the long side.

Still a wait and watch.

Tc