Quotes with Resistance & Support
Market Information
Intraday calls for 03-12-12
Posted on: December 3rd, 2012 at 8:31 am
Markets likely to open flat. Support for nifty is at 5790.
Buy Kernex Microsystems at 68.85, target: 73. Stoploss: 66.50 – (Exit from Kernext at 70.30)
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SM Says:
December 3rd, 2012
Posted at: 9:36 pm
Hi Kartik, GE :)
Hi jakeer, Hope Kartik's reply helped...
Hi Sumit, The normal settings for Stochastic is 14 periods for %K and 3 periods SMA for %D. As it is an oscillator, in overbought zone (above 80) or in oversold zone (below 20), if there is a divergence (between price and stochastic) then people will be alert. This usually signifies that a reversal can happen. But normally an entry in the form of trade is not taken. Entry is usually taken when %K crosses %D. But if you look at a chart with this setup, you will notice that the movement of %K is very choppy and frequent crossover happens. If you take all the crossovers there will be too much trades and you will get stopped out very quickly. This is the drawback and I an saying about FTSO till now.
If we can somehow smooth the %K in the FTSO, it will not be choppy. If we apply a 3 period SMA to the %K in FTSO, it will be somewhat smooth. So, by doing this we arrive at STSO. The %K of STSO is the 3 period SMA of %K of FTSO. On top of that, in STSO, we apply %D, which is 3 period SMA of %K in STSO.
Therefore there is DOUBLE SMOOTHING in STSO which is not that much choppy and we can expect better results.
[Hopefully this explains how to read FTSO and STSO and rules for entry]
Hi cerulean, GE. Nice trade in Crude. As far as that MF is concerned, you can also HOLD as CB advised you.It does look good :)
abhishek Says:
December 3rd, 2012
Posted at: 9:38 pm
whatz ur view on 2mrws market
m long on reliance m&m n ubl
cerulean Says:
December 3rd, 2012
Posted at: 9:40 pm
Hi Kartik, it was a bad trade i'd done cmp..4883.. a lot to learn still...
cerulean Says:
December 3rd, 2012
Posted at: 9:41 pm
Hi SM, ok.. thanks ..
Palash Says:
December 3rd, 2012
Posted at: 9:44 pm
good evening sir. for tomorrow what is position for INFY
SM Says:
December 3rd, 2012
Posted at: 9:46 pm
Hi cerulean, the fall was quick. nobody can catch every movement. be happy with the profits, after all you made profits and not loss. there will always be other opportunities :)
cerulean Says:
December 3rd, 2012
Posted at: 9:50 pm
Hi SM, Yes..that is true .. Thank you..And of mf .. it is very small amount .. and I might keep them for long ,if you both feel so ..Thank you..
NH Says:
December 3rd, 2012
Posted at: 9:53 pm
Good eve to all.
Hi CB, Kartik, SM, cerulean, SB.
Hi SM - Good explanation. Thank you.
cerulean Says:
December 3rd, 2012
Posted at: 9:55 pm
Hi NH, GE,Yes , very good explanation..Hi SM, If any one asks for email id, is it alright to tell them to ask CB to send theirs to you plz?
SM Says:
December 3rd, 2012
Posted at: 10:02 pm
Hi NH, Good evening. You are welcome. Tried my best to make it sound simple :)
Hi cerulean, You may. But as you know, one of my drawbacks is I am very erratic in checking mails. People may feel bad if I do not reply in time. Whenever I am online and if I can, I will try to assist. Thats for sure :)
cerulean Says:
December 3rd, 2012
Posted at: 10:03 pm
Hi SM, need not reply the earlier post ..You may prefer them to ask here .Take care ..And happy trading to all here .tc .
SM Says:
December 3rd, 2012
Posted at: 10:08 pm
Hi cerulean, you too take care :)
Kartik Says:
December 3rd, 2012
Posted at: 10:21 pm
Hi sheeja, most welcome
Hi SM, GE
Hi abhishek, seems may continue to see some consolidation, dont enter the mentioned stocks, they may trade flat
Hi cerulean, hmmm
Hi Palash, it faces strong resistance at 2355, can do well above that
Hi NH, GE
rt Says:
December 3rd, 2012
Posted at: 10:56 pm
hi cb/kartik your view on jubilant food for two days
Azhar Says:
December 3rd, 2012
Posted at: 11:01 pm
Hi Kartik, how NALCO ll perform tomoro...shall i buy for intraday
ABHISHEK Says:
December 3rd, 2012
Posted at: 11:04 pm
HI CB,
I have bought call of Siemens and PNB? Is its profitable trade or exist. Mention the SL and target?