iCharts Discussions

[shivanigautam30]

Veeru Sir/Guru Ji.

I know I have a very very hot potato on my hands but I'll make sure that I don't take any such 'fatal' calls in future...based on your advice Sir.

What to do....I'm new to the class Sir.

But, hope that one learns fast and takes care not to loose one's shirt...

Thanks Sir for ur reply.

Rgds

[Ravi_S]

Shivani

There is a general tendancy among everyone that the price we enter is the correct entry point. I mean, we anticipate the stock to move right away from our buy price and problem starts. If the stock does not move in the direction of our trade, we tend to get out of the trade with minimal loss and for that we need to know how much we can lose... The SL should be reasonable. As veeru said you should not risk more than 2-3% of money in a given trade. Given this, 3% of your entry price is around 15 Rs.. Which boils down to 465... the important support level as of now is weekly Pivot, which is at 440...

So don't panic, keep a reasonable SL and come out..

Maybe Sherbaaz/Casper can throw more light on this...

REgards
Ravi

[shivanigautam30]

Thanks Ravi Sir.

Its great that Veeru Sir replied and now I have ur reply on the subject.

Thanks for ur time.

These words will benefit for a long-long time.

And, hope to get out of this trade tomorrow or max day-after.

Rgds

[shivanigautam30]

Dear Veeru Sir/Ravi Sir.

Thanks to ur help yesterday...I finally made it out of a very sticky poistion.

Exited Rel Capital at 487. Phew>>>

This forum and the seniors(Gurus for us) are a great help.

Best of Luck!

Rgds

[as4manju]

Most of the stocks have seen a good bounce of 8-15% from the lows and thats a considerable pullback so would advice some caution on the long positions.... Most of the stocks are i ve added in this list are near the top end of the channel so if they sustain above the channel can see further rally else can pull back to the middle of the range and my observations ve been that a channel with the height of 10-12% range are usally very difficult to break away..

Axis bank- 1310-1330 range would see lot of selling...

Edu comp - Sustained closing above 490 can take the stock to 510-530 even 550(very remote chances though) looks like there is some thing coming up in the budget for the education sector....

Jindal steel & power - another fav stock of mine needs to sustain 680 to move up furter...


PNB - 1100 from where is sold off is back again lets see what the stock ll do now..

Sail - sustain above 165 can take the stock to 170-175

Seimens - Stock is in a tight rainge so 850-830 is the levels to watch for a quick move..

Suzlon - 50 would be the laxman Rekha only above this the trend might change for the stock..

[as4manju]

The Nifty has held 5220 on a closing bais so we can say for any declines this will be a important number to watch for.. There is a small gap left at 5311-5340 levels and as they say "Gaps are like open wounds and needs to filled some day" so lets see whether it ll be filled or not...

On the upside above 5510 can flare upto 5560-5600 levels but i dont see index crossing beyond these levels as of now and on the down side below 5450 can pull back to 5400-5350 levels..

I am not a index guy as such so this just my opinion.. all i can say is we not out of the woods yet and there is big even coming up next week so is the good news already built in the mkt..is it going be like rally on rumors and sell on news?... Keeps ur eyes wide open ... Picture abhi baki hai dost...

Regards
Manju

[capsi]

hello, good morning

whats ur take on TCS & Tisco

[as4manju]

Hi,

TCS very bullish on the stock it had a dream run and currently its in a consolidation mode so one can buy the stock in declines to 1000 well stock will be in momentum only above 1220 levels...

Tata steel declines to 580 can be used to enter the stock and currently the upside is capped at 660-670 levels and and a mojor break out can happen in the stock only above 700 level..

The veiws are given withe medium term in view..

Regards
Manju

[capsi]

thanks a lot.

[anand1234]

hi.............manju

welcome back...............pls keep such xclent posting...........we already missed u for some day................

thanks
anand

[deepakms]

Hi Manju,

Could u give ur view of UNITECH,till expiry

Rgds
Deepak

[as4manju]

Hi anand,

Its good to be back.. i had horrible time last few weeks.. now its better to be back doing what u like...

Regards
Manju

[as4manju]

Hi Deepak,

Well i m not sure of what it will do on expiry but as per me this stock is the in the long list of "do not trade and invest list" there is a lot of negative news around the stock so would advise u not intitate any trades if at all u are looking for fresh entry.. how ever if ur already holding would say to exit at every rise on the upside 43-45 would be a big hurrdle... and down side 33-30 would be the support..

Regards
Manju

[anand1234]

hi..........manju

sail..............I had already missed the opportunity to grab it @ 165.5...............done @167.8 already............but now it is 166.5..........can I take delivery for tgt 172 -175??.............if so pls guide me

thanks
anand

[as4manju]

Yes anand u can look to enter the stock for short term..