Comments on: Technicals December 1st 2011

By: Jai

Jai — Mon, 05 Dec 2011 03:20:21 +0000

Hi Shabbir,

The call on OFSS was clearly on cash. CNXIT has one more leg up pending before rolling over. LT 1360 good stop.

Best regards,
Jai

By: shabbirsp

shabbirsp — Fri, 02 Dec 2011 12:32:38 +0000

hi jai
your call on buy OFSS @ 2037 in cash, i had checked for futures rate there was a big gap @ 2070, i was told that the counter doesn’t have much liquidity, in this scenario can you please advice what should be done for futures trade, or the only option is cash, one more thing since in your previous few post you have mentioned about 8th dec correction in market, won’t that affect negatively our long positions in apollo as well as ofss?,
i have shorted one lot LT @ 1296.00 what should be the stop loss and can i add to the position, at what levels
regards

By: sri

sri — Fri, 02 Dec 2011 10:59:07 +0000

Given the level at which Nifty has closed today,do you think the reversal is very much on the cards soon.

By: Rut

Rut — Fri, 02 Dec 2011 10:47:11 +0000

In reply to Jai.

Ok…will look for your stops for Nifty on Monday. Also for Infy too.

Regards

By: Jai

Jai — Fri, 02 Dec 2011 09:56:51 +0000

In reply to Rut. Anyway it would not work for Monday, since there is no 'Good till canceled' order type. You need keep a fresh one on Monday.

By: Rut

Rut — Fri, 02 Dec 2011 09:52:11 +0000

Hi jai,

I have just shorted the nifty at 5035. I want to keep a really tight stop loss, what would u suggest ?

Also, now that Infy has gone past 2675, any ideas ?

Regards

By: shailendrasr

shailendrasr — Fri, 02 Dec 2011 06:52:18 +0000

hi jai,

what is your guidance for todays trade.

regards

By: sorteead

sorteead — Fri, 02 Dec 2011 06:08:05 +0000

Jai,

Any comments abt nifty, will it retest 5011

Ajay

By: sara2002

sara2002 — Thu, 01 Dec 2011 16:33:09 +0000

In reply to Jai.

hai…
yes jai is correct But the big ball is on 9th friday not on Dec 8th ..this double confirmation since astrology also say these.”Bear Day .All sectors will decline”but not on Dec 8th on “Bull Trend ,Dual trend in all sectors”

By: agiletrader

agiletrader — Thu, 01 Dec 2011 15:24:45 +0000

In reply to Jai.

Have learned a lot from you over a period of time. As you say it is always good to book profits from time to time. They may seem small at the time but it all adds up.

So yes I was holding multiple contracts and I had booked profits on the way 🙂
but was holding a small open position and wanted your expert opinion on it.

Was looking at it from the short term trading perspective only (one or two days max). For a longer hold (week or so) have got puts and will add as and when you advise – directly or indirectly.

Directly meaning your calls and indirectly meaning from what is implied in your posts 😛

Thanks as always.

Cheers.