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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #106 Posted: Wed Jan 11, 2012 1:30 pm Post subject: |
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ridinghood wrote: | thnx psalm brother for ur kind response!
regs
ridinghoood |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #107 Posted: Wed Jan 11, 2012 1:33 pm Post subject: Voltas - update |
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psalm wrote: | psalm wrote: | Voltas:
The stock looks good as of now. One can buy this stock in the range 76-74 with a stoploss below 73.5 for a target of 85. For the stock, 85 to 89 will be a supply zone. However, if broken this area, there is possibility of reaching 95 levels. |
The stock is trading just below 84 now. One can look at taking partial profit around 85. If one wants to be safe, they can modify the Stoploss to just below 82. |
The high made today was 84.75....
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r_venu White Belt
Joined: 17 Jan 2010 Posts: 20
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Post: #108 Posted: Wed Jan 11, 2012 1:44 pm Post subject: reg HFCL |
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psalm sir!,
HFCL means Hindusthan futuristic communications
reg
Venu r
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #109 Posted: Wed Jan 11, 2012 1:44 pm Post subject: Re: Adani Enterprise |
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psalm wrote: | psalm wrote: | psalm wrote: | Vinod,
The stocks I have mentioned earlier with a negative bias are the ones which are at near their crucial resistances or supports. I have a Bearish View regarding the market. That's why I believe that these resistances wont be broken. Also, you can see that these stocks are not really participating the last up-move. This is my perception regarding these stocks. By saying all these things, I don't rule out an up-move. Another guy might interpret this scenario as a positive one. He might think that, "the resistance will be broken and then can have an up-move". It's up to you to decide which way you want to trade this market.
NOTE: Adani Enterprise is the one I'm very bearish about. The stock is currently trading around 315...if 330 is not crossed on the upside, you can DEFINITELY see levels of 260 (even 210) in a few days, I believe. |
The low made yesterday was 261 (Adani Enterprise). Since, it has achieved the first target, I'm expecting a pullback. One can buy the stock around 265 with stop-loss just below 260 for targets of 290 and 320. Please remember that keeping a stop-loss is very important. |
Those who are holding Adani Enterprise, can book partial profit now. However, if somebody wants to hold it for longer, then can have their stoploss just below 294. . The stock is currently trading around 303. |
Adani Enterprise is trading around 320 now....Book Full profit....it was really a sharp move....
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Vinodz White Belt
Joined: 13 Aug 2011 Posts: 78
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Post: #110 Posted: Wed Jan 11, 2012 2:52 pm Post subject: Short Adani @ 320 ? |
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Thank you psalm
Do you think Adani is good to short at 320.
The previous intermediate high is 328
If good to short what should be Stoploss
Warm Regards
Vinod
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ESNMURTY White Belt
Joined: 31 Oct 2009 Posts: 380
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Post: #111 Posted: Wed Jan 11, 2012 2:55 pm Post subject: J&K BANK |
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J&K BANK LOOKING GOOD .Will it move up to 750 level?
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #112 Posted: Wed Jan 11, 2012 2:55 pm Post subject: Re: reg HFCL |
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r_venu wrote: | psalm sir!,
HFCL means Hindusthan futuristic communications
reg
Venu r |
It was a typing error....I knew that you were askin abt hfcl...
By the way, 10.75-11 is the support range for the stock....12.5 and 13.6 are the resistances....
Note: This is one of the most volatile counters....Its pretty risky to trade in these stocks.....
Regards
Sam
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ESNMURTY White Belt
Joined: 31 Oct 2009 Posts: 380
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Post: #113 Posted: Wed Jan 11, 2012 3:01 pm Post subject: Re: J&K BANK |
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ESNMURTY wrote: | J&K BANK LOOKING GOOD .Will it move up to 750 level? |
Dear Paslm, any view on this?
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #114 Posted: Wed Jan 11, 2012 3:07 pm Post subject: Re: Short Adani @ 320 ? |
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Vinodz wrote: | Thank you psalm
Do you think Adani is good to short at 320.
The previous intermediate high is 328
If good to short what should be Stoploss
Warm Regards
Vinod |
It wont be ideal to short Adani at this point of time. However, if you just wanna try ur luck...then 327-335 is the range to short the stock...you can have a stoploss above 337. The first target can be 312 and then 290.
NOTE: This stock might test 370 in a few weeks, i guess. But not sure.....
Regards,
Sam
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #115 Posted: Wed Jan 11, 2012 3:16 pm Post subject: Re: J&K BANK |
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ESNMURTY wrote: | J&K BANK LOOKING GOOD .Will it move up to 750 level? |
The stock has support in the range 695-680......however, 730-755 is a resistance zone......the stock will start moving freely once crossed above this zone...The targets could be 780 and then 830....
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #116 Posted: Wed Jan 11, 2012 3:17 pm Post subject: J&K bank |
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If it closes above 713, it will be good for the stock....
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #117 Posted: Wed Jan 11, 2012 3:22 pm Post subject: HDIL |
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HDIL:
This is stock is heading for 80-85 levels, I believe. One can buy it if it comes around 68 levels again....
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ESNMURTY White Belt
Joined: 31 Oct 2009 Posts: 380
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Post: #118 Posted: Wed Jan 11, 2012 3:48 pm Post subject: Re: J&K bank |
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psalm wrote: | If it closes above 713, it will be good for the stock.... |
The price has crossed over the trend line and the 30 sma and also the monthly pivot. I feel that the stock can move to 737-750 in the short term
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #119 Posted: Wed Jan 11, 2012 3:57 pm Post subject: SBI - Buy triggered |
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psalm wrote: | SBI has resistance in the range 1710-1725....if broken this level, one can go long in SBI... |
A buy has been triggered in SBI......As the stock has broken the 1725 levels, one can buy again till 1710 with Stoploss below 1690 for targets of 1880/1930/2000
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #120 Posted: Wed Jan 11, 2012 4:08 pm Post subject: Re: J&K bank |
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ESNMURTY wrote: | psalm wrote: | If it closes above 713, it will be good for the stock.... |
The price has crossed over the trend line and the 30 sma and also the monthly pivot. I feel that the stock can move to 737-750 in the short term |
Murty,
yes, you are right...but when i look at the chart, i consider a bit more longer period...Thats y i told you about the resistance in the range 730-750....I expect profit booking in that area. Having said, I'm very bullish about the banks now. So, there will be a long way to go as far the banks are concerned i guess. ....
I dont think that this is the start of a Bull Market......I believe that we might go to 5050-5060 levels.....if this level is broken, then 5190 is possible. Thats it. I DONT BELIEVE THIS MARKET WILL GO BEYOND 5200. The fall from 5200 will more painful than earlier fall....There will be a 1000 point sell off from there...So, one should be really careful at higher levels....But as of now, one can enjoy the rallies after a long time....
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