Intraday calls for 22-11-12
Markets likely to open flat, resistance for Nifty at 5640
Buy Infosys around 2350, Target: 2378, SL 2330 – (Book profit in Infosys at 2367)
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cerulean Says:
November 22nd, 2012
Posted at: 3:19 pm
Hi SM, THANKS A LOT .. right now adx is 24 ... so.. what to expect..
DEEPA ..Please follow up on these indicators .. open your chart plz...
SM Says:
November 22nd, 2012
Posted at: 3:20 pm
Hi cerulean, BTW, I do not always trade this setup, told you about this when I came to know your interest in momentum :)
deepa11 Says:
November 22nd, 2012
Posted at: 3:20 pm
hi SM, all my trading i always keep stop loss.. cerulean told that ur very good teacher so i want to learn lot from u both
deepa11 Says:
November 22nd, 2012
Posted at: 3:21 pm
Hi cerulean, ok..
Piyush Says:
November 22nd, 2012
Posted at: 3:21 pm
Hello SM,
I have RCF @59...please advice what to do ..
thank you !!
cerulean Says:
November 22nd, 2012
Posted at: 3:25 pm
Hi SM, ok..} Thanks .. is my set up the usual one allright ? to catck momentum .. Because , momentum indicator as such is not available ..Hi deepa11, I am no good , sis:}
I can only give moral support ..And do follow SM , as he is teaching tech.
.Where can we get this free of cost and be safe within a nice site..
raju Says:
November 22nd, 2012
Posted at: 3:28 pm
hi cb sir,i have siemens hold r exit
SM Says:
November 22nd, 2012
Posted at: 3:28 pm
Hi cerulean, rule of thumb for ADX.
1) Less than 20 : weak trend or consolidation ---> use oscillators
2) Rising from 15 to 25 from lower levels : trend is strengthening ---> use trend following systems like MA
3) Above 30 : strong trend ---> use trend following systems
4) 45 and above : extremely strong trend with consolidation expected anytime ---> start booking profits when ADX tops out or flattens out
deepa11 Says:
November 22nd, 2012
Posted at: 3:29 pm
hi cerulean..its true we must thank cb/kartik. i open chart..
cerulean Says:
November 22nd, 2012
Posted at: 3:29 pm
Hi deepa11, Follow up on the indicators which SM ' has suggested ... and ask him your doubts..if any ..
Hi SM, If you are busy plz carry on..
SM Says:
November 22nd, 2012
Posted at: 3:33 pm
Hi Piyush, can keep a SL of 50 on closing basis and hold
Hi cerulean, your setup is ok dear :)
Hi deepa11, sure. If I am online, will surely try to assist :)
Prams Says:
November 22nd, 2012
Posted at: 3:33 pm
Hi Kb Trader, Thank you.
cerulean Says:
November 22nd, 2012
Posted at: 3:36 pm
Hi SM, THANKS ever so much ..:} I feel the trend is weak .. ie ..it may fall.. Would like to short next high .. but the BB is closing down 5mnt TF
deepa11 Says:
November 22nd, 2012
Posted at: 3:37 pm
hi SM,CERULEAN, thanx a lot..tc
Piyush Says:
November 22nd, 2012
Posted at: 3:38 pm
Ok SM, thank u n have a great day !!!
SM Says:
November 22nd, 2012
Posted at: 3:39 pm
Hi cerulean, Yes, as you know, when BB closes or contracts, there is less volatility. But this is usually followed by high volatility and expanding band and you need to catch that momentum. Below, yesterday's high looking weak as of now