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Technical dissection - BANKNIFTY |
acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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Post: #16  Posted: Mon Dec 13, 2010 8:28 pm Post subject: |
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| SBI closed above 2730. When Went above 2775 intraday, bought some for positional trade. TSL please. |
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RoyalTrader
White Belt
Joined: 31 Oct 2010
Posts: 75
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| Post: #17 Posted: Mon Dec 13, 2010 10:49 pm Post subject: |
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Hi acharyams,
In SBI today was an upbar (Higher high, Higher low) but only cocern is it has closed in the middle (a doji candle)..
As it has not moved much you can still hold it with 2730 S/L. (closing basis) You can add to your position once it closes above 2775...
Regards,
RT |
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spurt
White Belt
Joined: 12 Jan 2010
Posts: 13
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| Post: #18 Posted: Tue Dec 14, 2010 8:27 am Post subject: |
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Hi Royal and all,
What do you think abut HDFC Bank I see ROC going down and also last candle of hammer ..so will HDFC get hammered down today ? |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #19 Posted: Tue Dec 14, 2010 9:51 am Post subject: |
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hi.....RT.......
I purchased BN @11616...............any s/l??.............bcaus now @11480............
pls guide me............
thanks
anand |
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veerappan
Expert
Joined: 19 Dec 2007
Posts: 3680
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| Post: #20 Posted: Tue Dec 14, 2010 10:12 am Post subject: |
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11622 taken out u cant catch bank nifty
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RoyalTrader
White Belt
Joined: 31 Oct 2010
Posts: 75
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| Post: #21 Posted: Tue Dec 14, 2010 2:56 pm Post subject: |
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Dear anand,
Have patience buddy.. sorry for replying late.. Stop loss is 11360 spot. But now i think no need of this stop loss now.. its already on his way, after todays accumulation... Target 11950 spot.. May be by thursday...
Regards,
RT |
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sharemuthu
White Belt
Joined: 21 Aug 2009
Posts: 154
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| Post: #22 Posted: Wed Dec 15, 2010 9:02 am Post subject: |
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| Hi RT any SL for Bank nifty ? |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #23 Posted: Wed Dec 15, 2010 9:20 am Post subject: |
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hi..........RT
thanks for your comments..........
thanks
anand |
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #24 Posted: Wed Dec 15, 2010 8:06 pm Post subject: |
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holding sbi for thursday with patience. Shall I hold till EOD OR exit in the morning?
Do u see any upside? |
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RoyalTrader
White Belt
Joined: 31 Oct 2010
Posts: 75
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| Post: #25 Posted: Wed Dec 15, 2010 9:59 pm Post subject: |
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In yesterdays post about nifty I clearly mentioned that be cautious about market.. SBI is highly underperforming stock.. today it closed below 2730 the last hope is 2682 if it braks it on closing..then difficult to say where it will stop...
Whenever I give bearish view on nifty kindly exit all your long positions in nifty stocks...
Soon I will be starting a thread about stock picking..
Many people are interested in banknifty, SBI..etc. Banking stories are over now.. IT still has a charm left.. but lets see market is very volatile.. stick to strict stoploss...
Regards,
RT |
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yawalkar
White Belt
Joined: 02 Oct 2010
Posts: 58
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| Post: #26 Posted: Wed Dec 15, 2010 10:47 pm Post subject: |
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| RoyalTrader wrote: | In yesterdays post about nifty I clearly mentioned that be cautious about market.. SBI is highly underperforming stock.. today it closed below 2730 the last hope is 2682 if it braks it on closing..then difficult to say where it will stop...
Whenever I give bearish view on nifty kindly exit all your long positions in nifty stocks...
Soon I will be starting a thread about stock picking..
Many people are interested in banknifty, SBI..etc. Banking stories are over now.. IT still has a charm left.. but lets see market is very volatile.. stick to strict stoploss...
Regards,
RT |
Hi RT,
it is very good news for all Newbie. We are eagerly waiting for your new thread - How to pick a right stock at right time & at a right price?" Pls. start as early as possible. |
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RoyalTrader
White Belt
Joined: 31 Oct 2010
Posts: 75
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| Post: #27 Posted: Thu Dec 16, 2010 10:02 pm Post subject: |
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An inside day in banknifty..
An outside day in nifty..
This is what i like about price action.. Market always tells you something with each bar.. You need to interptret it correctly...
Regards,
RT |
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yawalkar
White Belt
Joined: 02 Oct 2010
Posts: 58
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| Post: #28 Posted: Fri Dec 17, 2010 8:50 pm Post subject: |
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| RoyalTrader wrote: | An inside day in banknifty..
An outside day in nifty..
This is what i like about price action.. Market always tells you something with each bar.. You need to interptret it correctly...
Regards,
RT |
Dear RT,
what do you mean. can you explain pls.? |
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