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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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Post: #586  Posted: Mon Jan 30, 2012 3:27 pm Post subject: SBI |
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| ragarwal wrote: | | hi sam,wats d downside trget fr sbi i hv a short position in it at 2025 |
Hi Rashmi,
SBI has support around 1980-1970 levels....The stock is just around those levels.....Once that is broken you can see levels of 1935-1925....
Regards,
Sam |
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #587 Posted: Mon Jan 30, 2012 3:28 pm Post subject: |
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| thnx sam |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #588 Posted: Mon Jan 30, 2012 3:29 pm Post subject: IMPORTANT |
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Hi All,
The levels I'm mentioning here in this thread are SPOT PRICES. I'll mention it clearly if i'm mentioning any FUTURE prices. Don't think that the levels I'm mentioning here are future levels  .
Regards,
Sam |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #589 Posted: Mon Jan 30, 2012 4:49 pm Post subject: Re: JSW Steel |
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| psalm wrote: | | psalm wrote: | JSW Steel:
One can sell JSW Steel in the range 702-711 with Stoploss above 715 for targets of 650 and 630. However, I see very very low levels for this stock in the future if the markets resumes its bearish trend. Also, I dont think the stock will close above 685 levels today. If 715 is broken, then the maximum the stock can go is 750. It will be pretty difficult for the stock to break 750 levels.
NOTE: When trading, Stoploss is very very important. Please remember that.
Regards,
Sam |
The stock is trading around 698 now.....Watch out... |
As expected, the stock didn't close above 685 levels. The stock closed at 681 levels. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #590 Posted: Mon Jan 30, 2012 4:51 pm Post subject: Re: HEROHONDA |
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| psalm wrote: | | SUNILARORA wrote: | PSALAM
WATS UR VIEW ON HEROHONDA
REGARDS
SUNIL ARORA |
Hi Sunil,
You can sell this stock if it comes to 1820-1835 range with a stoploss above 1840. I expect the stock to test 1710/1700 levels soon. The stock might find some support around 1780 levels.
NOTE: I'm not really bearish about this stock. The stock might go down, but it will outperform relatively, if the market goes down from here, as it is considered a defensive play.
Regards,
Sam |
The stock closed around 1825 levels. The high made today is 1839 and the low made is around 1800 levels.
Regards |
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SUNILARORA
White Belt
Joined: 04 Jun 2010
Posts: 44
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| Post: #591 Posted: Mon Jan 30, 2012 9:22 pm Post subject: Gann theory |
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Psalm
thanx for ur advice on herohonda, n i would like to know have u ever studied gann theory.
Regards
Sunil arora |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #592 Posted: Mon Jan 30, 2012 9:37 pm Post subject: Re: Gann theory |
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| SUNILARORA wrote: | Psalm
thanx for ur advice on herohonda, n i would like to know have u ever studied gann theory.
Regards
Sunil arora |
Nope...not in detail...but I make use of the Gann pivots at times....
Regards,
Sam |
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shivan.sn
White Belt
Joined: 24 Oct 2011
Posts: 11
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| Post: #593 Posted: Tue Jan 31, 2012 12:57 am Post subject: |
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| hi i had shorted yes bank at 327 ....should i cover or to wait.............. |
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psalm
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Posts: 5368
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| Post: #594 Posted: Tue Jan 31, 2012 7:55 am Post subject: YES BANK |
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| shivan.sn wrote: | | hi i had shorted yes bank at 327 ....should i cover or to wait.............. |
Hi Sivan,
You have shorted the stock at a very good level. If the overall markets turns bearish from here, then you can see a lot of downside in Yesbank. The stock closed around 313.5. I expect the stock to hit 305-302 in a few days. However, if the bearishness continues, you can see this stock testing its long term support zone of 265-250 levels in a month or two. If I were in your place, I would have placed a stoploss just above 220.5. But, if you are a bit cautious, you can place a stoploss just above 317 and hold it. Aim for a short-term target of 302 first.
Regards,
Sam |
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #595 Posted: Tue Jan 31, 2012 8:16 am Post subject: stocks |
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Hi Psalm,
Good Morning.I am finding it difficult to take positional shorts in stocks as huge money gets involved.On the other hand if we take PA the cost of PA are on the higher side because its only the 3rd day in the new settlement and time decay will eat in the falling price of the scrip.What to do? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #596 Posted: Tue Jan 31, 2012 9:02 am Post subject: Strategy |
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| ESNMURTY wrote: | Hi Psalm,
Good Morning.I am finding it difficult to take positional shorts in stocks as huge money gets involved.On the other hand if we take PA the cost of PA are on the higher side because its only the 3rd day in the new settlement and time decay will eat in the falling price of the scrip.What to do? |
Hi Murty,
Let me tell you a few things first. There is no confirmation for the bearishness of our market although we had a sell-off yesterday. Yesterday's move was just profit booking and LONG unwinding. People might have closed the LONG positions created after 5080-5100 levels. There could be some fresh SHORT positions as well. However, as long as the market is above 4900, there will be buyers. But the fact is that it wont take much time to break 4900 levels and all. You know what happened during the previous swing to 5400 right? It went there, then everyone was talking about the market breaking out. But suddenly market crashed and made a new low at 4531. I'm not saying that it will happen this time also. But what I'm saying here is that anything is possible. Technically, in some way or other, this pullback is healthier than the previous swing which went to 5400 levels. But only time will tell if it is enough for the market to breakout. So, one needs to be pretty careful. There is nothing wrong in investing or trading with 20 or 25 % of the total capital you have. But even then you should be careful. The thing is that you'll get great opportunities to go LONG if the market crosses around 5300 levels. But if not, you'll have to wait, because the market might test 4500 levels again. You have seen what happened with individual stocks when the market goes down by 10 or 15%. The midcaps and small caps will go down by 30 to 50%. Thats a huge erosion. For example, KS Oils was trading around 50 a year back. It has crashed by almost 90% to around 5 rupees. However, suppose one has bought the stock at 6 rupees, if the stock goes to 3 rupees, the new investor is still making a loss of 50%. So, one has to be very careful. This is nothing new info for you. I know that, but i'm just saying. I dont want anyone to lose their money. Even if you dont make money today, its fine. But make sure that you are not losing any.
By the way, talking about your concern on shorting the stocks, I think you should follow what you have been doing. You dont have to do anything new here, especially if it is a bit riskier. But If you are having difficulties in shorting the futures, you can buy PUTs, I guess. I understand that the premium is a bit on the higher side now. But one thing you should remember is that since this is the beginning of the month, there wont be huge fluctuations on the premium. Means the premium will be somewhat stable. That's why I have given a call to buy NIFTY 5000 PUTs. I have asked them to buy 5000 PUT around 48 rupees with stoploss below 40. I knew that the buyer wont get much returns even if the market goes down by another 50 points or so. But I have selected it as it was a safer option because, even if the market goes up by another 50 or 60 the buyer wont be making a heavy loss. The PUT is currently trading around 70. That means a return of almost 40% which is not bad and if the market goes down further from here, then the investor will be making further gains. Similarly, you can look at buying PUTs of lower Strike Price or CALLs of Higher Strike Price. You wont incurr much loss even if the underlying moves significantly.
Regards,
Sam |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #597 Posted: Tue Jan 31, 2012 9:20 am Post subject: Re: Tata Global |
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| psalm wrote: | | psalm wrote: | Tata Global:
One can buy this stock for a very short term. The buying range can be 96-97.2. The Stoploss here could be just below 95.5. One can expect the stock to test 105 in a day or two.
NOTE: Always remember to place the Stoploss. Get out of the position if the Stoploss is triggered.
Regards,
Sam |
A buy has been triggered for the TATA Global Buy call....Dont forget to place the stoploss.....\
Regards,
Sam |
Tata Global is trading around 103 now....Those who wants to book profit can book profit now. Else, modify the stoploss just below 100 and look for levels around 104.8.
Regards,
Sam |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #598 Posted: Tue Jan 31, 2012 9:34 am Post subject: SBI |
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SBI:
One can sell SBI in the range 2050-2065 with stoploss above 2070 for targets of 1985 and then 1935.
Regards,
Sam |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #599 Posted: Tue Jan 31, 2012 9:37 am Post subject: Tata Global |
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| psalm wrote: | | psalm wrote: | | psalm wrote: | Tata Global:
One can buy this stock for a very short term. The buying range can be 96-97.2. The Stoploss here could be just below 95.5. One can expect the stock to test 105 in a day or two.
NOTE: Always remember to place the Stoploss. Get out of the position if the Stoploss is triggered.
Regards,
Sam |
A buy has been triggered for the TATA Global Buy call....Dont forget to place the stoploss.....\
Regards,
Sam |
Tata Global is trading around 103 now....Those who wants to book profit can book profit now. Else, modify the stoploss just below 100 and look for levels around 104.8.
Regards,
Sam |
Tata Global is around 104 now. Book Profit and Close the position.
Regards,
Sam |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #600 Posted: Tue Jan 31, 2012 9:40 am Post subject: |
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hi...............
plasm I was getting profit from Tisco 400PE around @ 7.2...........but I did not book...................for look more profit............if we can c tatasteel to come around 430 level as per u..............then how much this PE can move pls guide
thanks
anand |
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