Friday, 27 September 2013

Note

Today market was so weird,glad to see shorting targets are achieved,but got feed back from readers that many entered in tata steel,would like to mention that it was bullish on charts but as its first day of this series their would be tug of war between bulls and bears with each trying to take grip on the scrip so taking calls on days like these would be difficult. Tata steel had support at 292-289 levels which it broke,next support would be at 285,i strongly recommend my readers to trade with strict stop loss,one may argue what is the use of keeping stop loss at 5-6 points below which will leave in loss but it is reality and only source to cut down losses and go with the flow else market would kill us.
one typical example is RCOM 's movement today..its bearish  on charts,i gave a target of 152,150 but in early trade it even touched 156 and was not getting down from 155 but ultimately it has to respect technicals and we have seen targets of 152 and 150 hitting..same happened with tata motors and unitech.
One more point i would like to drive is going long in chicken market is not at all advised unless and until we are very bullish on that counter like todays movement in aurobindo pharma.,one needs to look at volumes also in morning trade,though if scrip is bullish but if falling with volumes it would be better to be cautious. I advise readers to strictly follow this tips.
Another important point worth mentioning is strictly following levels,one needs to respect it like i have mentioned in the post that after 194 higher levels are seen in auro pharma,one should and must enter only at 195-196 levels,it doesnt make any sense entering at 201-202 levels wen already making highs,i know it would be very difficult to decide on enter and exit levels,very soon i shall come out with a brief report on selecting enter and exit levels. Good luck and Happy trading

34 comments:

  1. Looking forward for ur session on 'entry and exit levels '.
    Thank U.

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  2. Yes..Yes... i too want to know this Entry and Exit level strategy.. Please Please teach us.. before monday market open. Thank you Sir.

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  3. sir since yesterday lot of people hv got stuck in tata steel shall be grateful if u can write a detailed post on the trade for monday on it i

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    1. Hie sunit, writing detailed report on it seemms unconstructable.expect a bounce back if index opens green,lets see how global cues react before taking a call.

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  4. hari ji i bought dish tv followinh your call wen it was at 45,7700 shares,yesterday i exited at 50.9, 13% profit in single week.THANK YOU SIR,wouldnt have got same in FD or in any other.it would very helpful if you mention sureshot calls for next week or few sessions in other folder or post.
    Regards
    Malik.

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    Replies
    1. i shall specify sureshot calls from now.Good luck

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  5. Dear sir,am an airforce employee,invested 6 lakhs in last december in only futures,lost everything now left with around 60000..took angelbroking ka mulktibagger which killed me again,after much distess landed in your blog,at first i din care it but many of friends are following and i gave a try shorted indiabulls real estate as per your blog 5 lots,which gave me profit,and yesterday again bought aurobindo future which changed my cash balance again.THANKS YOU SIR,GOD BLESS YOU.keep good work going.
    Regards
    Ramakrishnan

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    1. welcum ramakrishnan.hope u shal recover losses.Good luck

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  6. Sir.... what pattern is hanung toys forming ? from 12.5 to 34 straight line ????

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    1. Hie suraj,not sure of it.wil let u know if i encounter.

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  7. Sir,

    I have 130 shares of icici Bank @948 on margin basis.
    What should I so?

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    1. sharma banking stocks are weak on chart,they are badly in need of any positive trigger,if index opens green expect a bounce back and book on rise,has strong resistance at 958 levels and support at 916 levels.

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    2. Sir,

      Good Morning!

      Can I buy on dips to average it out?

      Thanks in advance!

      Regards
      Ankan

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    3. Ankan these levels wil not be rite price to accumulate,wait for a dip to enter or book on rise,because there seems no positive trigger in near term

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  8. Hari Ji,

    I am stuck in Tata Steel. Bought at 292. Do you think I should exit if it comes at 285?
    S.Datta

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    1. hie datta,tata steel has strong support at 285-281 levels,expecting a bounce back,exit if it remains weak or if moves down with volumes.its bullish on charts though

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  9. One more question sir.
    On Monday Can I enter into Auro Pharma for intraday?
    If yes, at what level and what would be auropharma target on Monday?

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    1. Its already making highs,one can take a position on dips or if it breaks 207 levels,dont enter at opening bell.

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  10. Sir, can I enter any of these on Monday for around 5-10% gains by end of week

    nmdc
    ashok Leyland
    exide
    srf

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    1. it woul be early to take a call for next week,stil need a conformation in each scrip you quoted,dont go with srf rite now,its sudden spurt is questionable,while ashokleyland and exide are bullish,resistance for exide at 136,go long if it closes above that,ashok can be entered at dip.downside is limited..nmdc formed bearish pattern but i feel it can bounce back.

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  11. Dattha ji i would be very happy to help you if you want to develop this blog into website or forum,please inform me if you ever get a idea of it,i hope many are waiting to make this blog into forum.

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    1. Thanks pradeep,shall inform you in future.Good luck

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  12. hi sir..your views on Raymonds and SRF for coming session as intraday?

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    1. raymonds seems to have some newsflow which added spurt in volumes and price,let it settle,but its bullish on charts,next resistance at 238,support at 222.srf dont enter now,dont trust single days volume.lets wait

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  13. sir...what happend to the topic 'Enter and Exit' ? I hope you will publish it TODAY...as its a new session tomorrow...thnx.

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    1. Hie a lot of research goes into it,shal try to publish in few sessions,potraying it acording to investors mind set is taking time.Good luck

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  14. sir....You calls are sure shot, I followed it from last 3 trading sessions and I was successful, thank you sir for your wonderful calls and keep on guiding small traders because in CNBC, Sudershan Sukhani gives technical call and the script goes in opposite direction and generally investor tend to loose money, thanks for your guidance.......................Vijay - - Hyderabad

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    1. sure vijay.shall try to put on my best.gud luck.

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  15. Hi Hari,
    Thanks for all the efforts you have put in to bring up this forum.
    I have noticed that many of the calls open around the target price. I don't see good Delta for intraday. Please suggest if I have to raise after market hours brfore opening in order to gain profits.

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  16. Hi Hari,
    Thanks for all the efforts you have put in to bring up this forum.
    I have noticed that many of the calls open around the target price. I don't see good Delta for intraday. Please suggest if I have to raise after market hours brfore opening in order to gain profits.

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    1. Hie narendra,opening with striking targets reflects the force in that movement,rationally one should conform that trend,so one can enter on dip or check for further resistance and enter if it breaks,do not enter or keep before market order because if there is any newsflow or negativity or if any punter strikes then our stoploss wi be hit miserably..you can check the scrip closely and if you feel its damn bullish you can go for btst.

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    2. Haridatthaji, this is the first time I entered your blog seeing your name in rediff.money. I therefore chant ganeshji first.
      Let me tell you that I made a decent money in shares starting from 1992 to 2008. But after that being busy, I handed over my portfolio to an expert / a very high official of Geojit who sold some blue chip like TCS to get money and plouged in Midcap and did not keep any stop loss whereas he always advocate SL in CNBC,Zee Biz , NDTV profit. Now my portfolio is back to 1992 level and I took it back to my control.
      I follow some honest guys like Nooresh M. And in my quest your blog seem to me quite honest.
      I want to do some positional trade following your advice. When and how do you give calls? I saw your blog and did not find any recommendations for 1 st october. Where do you suggest recommendations?
      Regards,
      A C Roy

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    3. Royji,i update intraday calls every day by 8.55 am before market opens,todays intraday calls are also visible on blog,seems it has missed your view.You can contact me thru the contact form on blogger which is at left side down the corner i would reply to your queries.Good luck

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