Sensex

Thursday, February 04, 2010

Re: Fw: Re: [Technical-Investor] NIFTY and other Stock : 4th FEB.

 

AP,


Remember Natasha?

Man, Girls are aggressive nowadays. 

The only provocation I could see is the urf quote by Suneel. Then again, if your reasons are logical and you can argue your case, I don't see why one has to leave the group unless especially since compared to other groups where she posted, its only in this group that she had responses and detailed discussion.

As pointed out by Suneel, she posted the same set of messages to a group which follows and discusses trading philosophy / method of Richard Wyckoff. While the method can be universally applied, just like we discuss TA more on Indian Markets, there the majority of discussions are centered around US markets, specifically Commodities. After the first post, she was kindly reminded that this group was focussed on US markets and they would like to see her analysis of US stocks / markets instead of Indian markets. Instead, she just sent the same post she sent here (Reco's) there too.

I felt as if she was more craving for a audience than interested in sharing her views and thoughts.

Sometimes I am surprised to see that people are hesitant to accept that their logic maybe flawed. They seem to believe that what they have is a Holy Grail which should not be questioned.

Just a hour ago, while sipping Tea in the canteen, I over heard a discussion btw a fellow broker and his client. The client was clearcut that neither FA nor TA works. He was very emphatic that TA never works and said that all one has to do to know why TA fails is to look at how markets behaved yesterday and how they behaved today. It's as if a system they see should never fail and if it fails, it does not mean that there is a problem with the system but there is a problem with the whole fundamentals of TA itself. 

The broker by the way was nodding his head in agreement when I personally know that he cannot distinguish the difference between a Indicator and a Oscillator, forget about anything else. 

People are sold or buy systems and believe that they should work and make money always. If at all life was that simple :(.

Its people who aren't prepared to learn that first falter and then blame others as reason for their faltering.

Cheers

Prashanth 




  

On Thu, Feb 4, 2010 at 3:37 PM, Abhijit <ap19632000@yahoo.com> wrote:
 

STOP LOSS HIT???
:d
 
 
----- Original Message -----
Sent: Thursday, February 04, 2010 3:22 PM
Subject: Re: Fw: Re: [Technical-Investor] NIFTY and other Stock : 4th FEB.

 

Feb 4, 2010 2:07 pm snehatilwani <snehatilwani@yahoo.com> Left group via web

Prashanth

On Thu, Feb 4, 2010 at 3:01 PM, B SRIRAM <bees2365@yahoo.co.in> wrote:
 

There it goes. HDFC trades at 2406 now. Support broken. Now what? Sneha! Are u out there??



Sriram

B.Sriram
4B, Skylark Apts,
6,Rutlandgate Fifth St.,
Chennai-600006
Ph:+91 44 28334849(Dir)/28332373(Board)
Mobile:+91 98400 63145
Email:bhsppt@gmail.com

--- On Thu, 4/2/10, B SRIRAM <bees2365@yahoo.co.in> wrote:

From: B SRIRAM <bees2365@yahoo.co.in>
Subject: Re: [Technical-Investor] NIFTY and other Stock : 4th FEB. Date: Thursday, 4 February, 2010, 8:38 AM


Sneha,

I will just pick this one please. In what time frame do you say the trend is UP? In 15 minutes to hourly it may be up trending. But in daily to weekly this may not be the case. On low volumes it is justcorrecting the fall and the broader trend remains down. The scrip just closed above 10-20 DEMAs but still is below its 50 DEMA. I am just attaching the chart for all people to see and appreciate my point.The best bullish proposal in this share for me is to keep out and short again as it moves below 10 DEMA which stands today at 2440. Take care

Sriram

B.Sriram
4B, Skylark Apts,
6,Rutlandgate Fifth St.,
Chennai-600006
Ph:+91 44 28334849(Dir)/28332373(Board)
Mobile:+91 98400 63145
Email:bhsppt@gmail.com

--- On Thu, 4/2/10, Sneha <snehatilwani@yahoo.com> wrote:

From: Sneha <snehatilwani@yahoo.com>
Subject: [Technical-Investor] NIFTY and other Stock : 4th FEB.
To: technical-investor@yahoogroups.com
Date: Thursday, 4 February, 2010, 2:39 AM

 

Dear friends,

Please find analyis of few securities which was requested by few frieds.

Nifty - it is buy mode, the level of 5978 is level to watch, if it breaks then 4992/5113 is not rulled out. Support exists at 4908/4849.

Every dip should be opertunity to buy only.


Rule 1 : Always trade with Trend, in every market few stocks will go up and few down, but its better to trade with the market and with the market as well as stock trend.

Rule 2. Never trade without stoploss.

 

HDFC - Trend is up i.e. buy : Support 2429/2510, resistance 2583/2655

IDFC : Sidewise, better to stay out.

IDBI : Weekly downwards, daily upwards, support at 118 and 107, resistance at 122/129/139, be causious while you trade this stock.

EDUCOMP : short term (1-3 days upward) but weekly trend is down, if it closes above its 726 then trend might change, l

Levels are : Support 670/614, Resistance are at 778, 824 and 870.

Recomendation, if it crossed 726 with good  volume buy it with stoploss of 713. Otherwise do not trade for 1-3 days.

STERLITE : Contrary trends, confusing, it may go up in short term (1-3 days) but better to stay out.

Jindal Steel and Power : Support 988/929 Resistance 1066/1100/ 1206.

Recomendation, strong buy. fall on declines (if it declines :)

LIC Housing : looks like downtrend is getting over and a uptrend is likely but better to stay away if get caught then we need to pay heavy price.

HDFC Bank : downtrend , Support 1552, 1661, if you see this in -ve then may be you can go short, the downside target is 1463.

Recomendation : be causious if you go short as overall market looks good.

SBIN : Again anohter bank stock does not look very attractive, major support at 1963, resistance is at 2153/2208. Trend is down

Recomendation : Stay out.

Reliance : Looks bad, better be out.

Essar Oil : Short term trend (1-3) days is up, support at 122/131/139, resistance is 147/158/174

JP Associate : support 130/122, resistance 144/149, if  crosses 149 with volume the trend might change upwards, otherwise weekly trend is down, whereas daily pullback is possible.


Sessa Goa : Support 361/335, resistance 375, 399 and 439. Trend is up.

Recomendation : Buy with tight stoploss, this might give very good return.

Note : This is just my analysis, please trade with your experiance and your risk.

Regards,
Sneha.

 

----- Original Message -----
From: Sneha
To:
Sent: Wednesday, February 03, 2010 9:39 PM
Subject: All recomendations near target.


 

Dear Friends.

Please check the email below, I had given these recomendations on Jan 31, Guess where are we today ? If you do not believe please check your emails or Archives of group, I am saying this because lots of people have critisized me and asked all shorts of nonsense questions which I do not even like to post in the forum.

Nifty  : The weekly stoploss is 4789 for a target of 4965/5030/5094  - Today's High 4949 Close 4931

Buy only if stays above 4893.

Other stocks which looks bullish for Monday are :


1. HDIL  - Target 349 stoploss 315 - Today's High 343/45 Close 341

2. JSWSTEEL - Target 1065/1099 Stoploss 920, buy only above 993 - Today's High 1061 Close 1055.80

3. HDFC (Ready to explode) - immdiate Target 2493 but new highs are not rulled out in coming weeks -  Today's High 2526 Close 2521

4. Tata steel - Target 601, stoploss 551 -  -  Today's High 603.80 Close 600.30


I am bit busy from tomorrow and may not be online and send recomendations, So please excuse me, I will try to send atleast one recomendation but can not gaurantee, Friends please do not dis-appoint i will not go anywhere but will be back on 15th Feb.

Regards,


----- Original Message -----
From: Sneha R
Sent: Sunday, January 31, 2010 10:15 PM
Subject: Nifty is expected to FIRE Upside


Hi All,

This Forum really helped a lot for me to lean Technical analysis and now I am going to share my daily analysis with all of you. If anyone is interested in knowing analysis to any specific stock please let me know.
It looks like Nifty is going to fire now, it has given a buy signal today, which will be confirmed if the Market closes in + ve on Monday. On weekly chart 4615 is not ruled out but same time a new high of 6300 is also showing, so guess what, yes I am maad, in this recession I am expecting a new bull market and all time new high :)

The weekly stoploss is 4789 for a target of 4965/5030/5094  -

Buy only if stays above 4893.

Other stocks which looks bullish for Monday are :

1. HDIL  - Target 349 stoploss 315

2. JSWSTEEL - Target 1065/1099 Stoploss 920, buy only above 993

3. HDFC (Ready to explode) - immdiate Target 2493 but new highs are not rulled out in coming weeks.

4. Tata steel - Target 601, stoploss 551

This is just my personal view and if you are tradingin on this this is your own risk and you need to use your experiance to get in and get out of a trade.

Regards,
Sneha.

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