iCharts Discussions

ali522003 · White Belt Joined: 03 Jul 2010 Posts: 217

planning to short reliance,, is that ok ????

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Keep an eye on the big boy reliance its started trading below 980 cause it ll detrmine next mkt direction

Dont be over levraged

Regards

ali522003 · White Belt Joined: 03 Jul 2010 Posts: 217

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Ali my suggestion would be dont hold too many positions its like Markets is in ICU so volatiliy can kill u both ways if mkt wakes up then ur short ll be in loss and if mkt fails ur long ll be in loss so try and reduce ur positions in both side.. as i m suggesting from few days reduce ur volume of trades even if u dont trade for few days its fine... let mkt volatility come down..

Regards

ali522003 · White Belt Joined: 03 Jul 2010 Posts: 217

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

for siemens 750 would be the stop loss

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

hi.........as4manju
u r just great boss..............ur every analisys is so perfect...............(teer nishana pe zorur lagege)........reliance, siemens........so perfect...........

pls guide me about two share........... welsponind.......I purchased @66..........now it is so down and satyam @73..........it is also down.........so what u suggest about this two............how long it will take to reach atleast my booking price..........pls gude me

thanks again
anand

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Well nothing much for today just few updates:

Orchid tgt 1 314 reached...

Reliance has started trading below 980

Siemens is at 725...

Cairn needs to cross 248 for a big move..

Tata Power is inching towards the danger zone so can keep in the watch list..

Regards

Manju

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

hi........as4manju
I am waiting for your reply & guidence.................
pls gude me according my questions..............

thanks
anand

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Hi anand,

"A stock is never too high to buy and never too low to short. "Jesse Livermore's

So Welspun i dont see anything happening in the stock 60-68 are huge resistance for the stock it would be best adviced to exit the counter and look something else
As far as satyam is concerned there is stil hope for the stock above 68 can retest 72-73 levels and beyond it there is a gap left at 78-80 levels which can be filled in mean time but my personal view is that its better to be with leaders than in with the dogs of the industry so a infy wipro and tcs will fetch u better returns..

And one more thing people have in mind that "i cant sell the stock i ll book heay losses" but they forget one thing that they are already in loss..

Regards

Manju

ali522003 · White Belt Joined: 03 Jul 2010 Posts: 217

holding siemens short and its going good.
problem is with cairn,, i bought it at 346.20
please suggest me wat should i do or i should hold the position..

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Ali best thing to do is exit the counter and re enter the counter above 348.. dont continue a trade in which ur not confertable..

Regards
Manju

ali522003 · White Belt Joined: 03 Jul 2010 Posts: 217

anand1234 · Yellow Belt Joined: 17 Jul 2010 Posts: 830

hi........as4manju,
thanks for your comments..........but I wants to know that can I get atleast @55 in welsponind in near future??...........then my loss will b low thats why I am asking??

thanks
anand

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Ali good decision to exit and my advice on reliance trade for u is that dont trade that as u already have a short position in siemens.. the reason is i m telling u is that u need to learn money mangement as a decipline to be a sucessfull trader its ok to make little profits than being over levrage and book huge loss.. mkts ll be there for ever and u can make money any time..

Regards