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falcon
White Belt

Joined: 17 Nov 2011
Posts: 211

Post: #526

Posted: Fri Jan 27, 2012 10:57 am Post subject: Re: Tata Steel

psalm wrote:

One can sell Tata Steel in the range 455-462 with stoploss above 465 for targets 400/340. I expect the stock to test 340 levels before march.

Regards,

Sam

Tata Steel SHORT sell has been triggered.....Keep a stoploss just above 465.

Regards,

Sam

Hi Sam,
Would you please explain your strategy behind shorting Tata Stee?
Regards,

falcon

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #527

Posted: Fri Jan 27, 2012 11:12 am Post subject: Re: Tata Steel

falcon wrote:

psalm wrote:

One can sell Tata Steel in the range 455-462 with stoploss above 465 for targets 400/340. I expect the stock to test 340 levels before march.

Regards,

Sam

Tata Steel SHORT sell has been triggered.....Keep a stoploss just above 465.

Regards,

Sam

Hi Sam,
Would you please explain your strategy behind shorting Tata Stee?
Regards,

falcon

Hi Falcon,

I'm bearish about the markets unless and untill the market is below 5231. Since Tata Steel has a lot of exposure to Europe, I have selected to Tata steel for shorting. I'm a pivot trader, basically. Tata Steel has lot of resistances in the range 456-464. That's why I have selected to sell it in that range. By the way, if the stock goes above 465-70, then one can assume that the stock may test 500 levels. But I'm bearish about the market now. If the market goes down from here, Tata Steel would be a very play on the short side. The stock appears overbought on the charts as well.

NOTE: I have explained about my trading method a few days ago here itself. Please check the previous posts to find it.

Regards,

Sam

ESNMURTY
White Belt

Joined: 31 Oct 2009
Posts: 380

Post: #528

Posted: Fri Jan 27, 2012 11:18 am Post subject: Re: Blue Star

psalm wrote:

ESNMURTY wrote:

psalm wrote:

ESNMURTY wrote:

Hi, Whether BLUE STAR can be considered for buying?

Hi Murty,

BlueStar has been under selling pressure throughout last year. However, for the last few weeks, the stock is showing some base-building. If the stock can hold this base and move further, then one can think about buying this stock. The stock closed at 175.2 yesterday. 170 levels will provide support for any correction. However, the stock has to break above 181 for maintaining the momentum. Then the next resistance will come around 197. Breaking the 200 level will be the key for this stock in the longer run. If it happens, then one can expect levels of 215 and then 260.

Regards,

Sam

Thanks and regards

Hi, Good Morning Psalm,

BLUESTAR ...just crossed 181

yes Murty.... I saw it.... Smile

..Had gone to 187....right?

Another one, Jindal Poly looks good....Might go to 225-230 levels....But its pretty difficult say in these market conditions....

Regards

Sam

Hi, I expect the stock to touch 209, if it clears 189

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #529

Posted: Fri Jan 27, 2012 11:26 am Post subject: Re: Blue Star

ESNMURTY wrote:

psalm wrote:

ESNMURTY wrote:

psalm wrote:

ESNMURTY wrote:

Hi, Whether BLUE STAR can be considered for buying?

Thanks and regards

Hi, Good Morning Psalm,

BLUESTAR ...just crossed 181

yes Murty.... I saw it.... Smile

..Had gone to 187....right?

Another one, Jindal Poly looks good....Might go to 225-230 levels....But its pretty difficult say in these market conditions....

Regards

Sam

Hi, I expect the stock to touch 209, if it clears 189

Watch out the overall market movements as well....

Regards...

Sam

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #530

Posted: Fri Jan 27, 2012 11:29 am Post subject: Re: DLF

psalm wrote:

DLF:

One can sell DLF in the range 221-224 with a stoploss above 225. The targets here could be 200 and 185. The stock will experience selling pressure, once it goes below 216.5.

Regards,

Sam

DLF SHORT sell has been triggered. The high made today is 224.5. Keep a stoploss just above 225. First target from here is 217. If the stock goes below 216, then you can expect a move upto 195-200.

Regards,

Sam

DLF looks weak...as the stock has gone below 216....It could test 200 levels in a few days, I guess...

Regards

Sam

ESNMURTY
White Belt

Joined: 31 Oct 2009
Posts: 380

Post: #531 Posted: Fri Jan 27, 2012 11:30 am Post subject: BLUESTAR

"Watch out the overall market movements as well..."--Psalm Oh. Sure.

anand1234
Yellow Belt

Joined: 17 Jul 2010
Posts: 830

Post: #532

Posted: Fri Jan 27, 2012 11:49 am Post subject: Re: Tata Steel

psalm wrote:

Regards,

One can sell Tata Steel in the range 455-462 with stoploss above 465 for targets 400/340. I expect the stock to test 340 levels before march.

Regards,

Sam

hi.....plasm

bought tatasteel 400PE @ 6.05..............if possible can u tell me the possible tgt & s/l ................pls reply

ragarwal
Yellow Belt

Joined: 16 Nov 2008
Posts: 582

Post: #533 Posted: Fri Jan 27, 2012 11:49 am Post subject:

hi sam is it ok to buy tatasteel 420 pe at arond 10 now or sud i wait fr 5-6 days, warm regds rashmi

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #534

Posted: Fri Jan 27, 2012 12:00 pm Post subject: Re: Tata Steel

anand1234 wrote:

psalm wrote:

Regards,

One can sell Tata Steel in the range 455-462 with stoploss above 465 for targets 400/340. I expect the stock to test 340 levels before march.

Regards,

Sam

hi.....plasm

bought tatasteel 400PE @ 6.05..............if possible can u tell me the possible tgt & s/l ................pls reply

Hi Anand,

Just maintain maintain a stoploss of 465, spot level. That means if the stock breaks 465 spot price, then exit your option. You wont lose much as you have bought 400 PUT. In the short term, you can expect a target of 430 in a few days. The next target below 430 will be 410. But I expect the stock to touch 380 in a month. But this will depend on the overall market conditions. Also, please know that if the market turns bullish from here, then the stoploss will be triggered.

Regards,

Sam

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #535

Posted: Fri Jan 27, 2012 12:02 pm Post subject:

ragarwal wrote:

hi sam is it ok to buy tatasteel 420 pe at arond 10 now or sud i wait fr 5-6 days,
warm regds rashmi

YES, Rashmi,

You can buy it now if u want...but exit the option, if spot price of the stock goes above 465.

Regards,

Sam

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #536 Posted: Fri Jan 27, 2012 12:07 pm Post subject: Tata Motors

Tata Motors: One can sell this stock in the range 240-243 with stoploss above 245. The targets are 205 and 181. If not comfortable selling futures, one can buy the 230 PUT around 8.5 with stoploss just below 6.5 or 6. Regards, Sam

ragarwal
Yellow Belt

Joined: 16 Nov 2008
Posts: 582

Post: #537 Posted: Fri Jan 27, 2012 12:11 pm Post subject:

thnx a lot sam

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #538 Posted: Fri Jan 27, 2012 12:19 pm Post subject:

Hi All, IF THE MARKET GOES DOWN FROM HERE, I expect the METAL, AUTO and BANK stocks to be under severe pressure. The companies which have exposure to foreign market, especially europe, might experience selling pressure. For example, Tata Steel, Tata Motors, Hindalco, Sesa Goa etc might come under pressure. NOTE: If the market heads upwards, then discard this view. Regards, Sam

ESNMURTY
White Belt

Joined: 31 Oct 2009
Posts: 380

Post: #539

Posted: Fri Jan 27, 2012 12:24 pm Post subject:

psalm wrote:

Hi All,

IF THE MARKET GOES DOWN FROM HERE, I expect the METAL, AUTO and BANK stocks to be under severe pressure. The companies which have exposure to foreign market, especially europe, might experience selling pressure. For example, Tata Steel, Tata Motors, Hindalco, Sesa Goa etc might come under pressure.

NOTE: If the market heads upwards, then discard this view.

Regards,

Sam

Hi, Do you feel the markets would correct from here?

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #540

Posted: Fri Jan 27, 2012 12:38 pm Post subject:

ESNMURTY wrote:

psalm wrote:

Hi, Do you feel the markets would correct from here?

I believe that the the overall trend of the market is still down. But I'll change my bearish view if the market goes above 5231. I'll be bullish, only if the market breaks 5400 levels. As, long as 5230 is holding, I'll be bearish.....The risk is very small for a SELLER here. Market is at 5185 or so...and the stoploss is around 5230....that means less than 50 points.

Regards,

Sam

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