Intraday calls for 29-11-12
Markets likely to open flat, resisatnce for Nifty at 5750
Buy Maruti around 1500, SL 1482, Target: 1525
(trade in small quantity)
I have been traveling, and shall be online by 2pm
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Kartik Says:
November 29th, 2012
Posted at: 11:09 pm
Hi NH, Good night
Hi cerulean, Yes, thanks, hope you too traded well today
cerulean Says:
November 29th, 2012
Posted at: 11:11 pm
Hi NH, GNHi Kartik, Happy , with the progress being made ..Learning to enter trades at the right time , all THANKS to SM's tutelage ....
Kartik Says:
November 29th, 2012
Posted at: 11:12 pm
Hi cerulean, :), nice to know that
SM Says:
November 29th, 2012
Posted at: 11:17 pm
Hi Kartik, Yes. Seems to have reacted to the news. But as you know, I rarely follow news. For me it was like in 5 min charts, there was a M formation with the base of the M at 4845-4846. One high of the M was 4874, the second high was 4871. Base minus High was 26 points (considering the lower high and 4845). Once base was taken out, it was a shorting opportunity. Out of these 26 points, I had a target of at least 20 points. Those 20 points exactly happened :)
cerulean Says:
November 29th, 2012
Posted at: 11:22 pm
Hi Kartik,Thanks ever so much Hi SM, I shall leave the two great minds , to discuss and reach higher levels ..of interpreting charts ..Wish you had a chance to do so with more of your kind ..Take care GN .. I will be copying down, all that follows and adding to my notes :P
cerulean Says:
November 29th, 2012
Posted at: 11:26 pm
Hi SM, By the way , there had been a buy call , in crude ..Buy below 4868..sl 4830... [which may have been taken , during the sharp fall] the target given was 4961.. BTWN I feel you all give far better calls than them..:}
Gn ..Rest well...everyone !
SM Says:
November 29th, 2012
Posted at: 11:28 pm
Hi cerulean, No, no... nothing to write... a M is like a double top... simple... the smaller the timeframe, the smaller is the range... the smaller is the profit. Its simple, just one look at charts and you will get it, no indicators or oscillators... hence nothing to write. BTW, sometimes simple stuff work wonders. Take care, good night :)
cerulean Says:
November 29th, 2012
Posted at: 11:33 pm
Hi SM, :} u make it sound simple ..complex , when we don't know ...Thanks ..will not trade now as very less time left ..just watch and try to arrive at a plan for tomorrow ..lets see..Will mention the data s to follow , tomorrow .. Gn
SM Says:
November 29th, 2012
Posted at: 11:34 pm
Hi cerulean, BTW, whenever you see a M formation, watch the gradient or slope with which the M forms. The steeper the slope in forming the highs of the M the steeper will be the fall, IF THE BASE IS TAKEN OUT...
Good Night again... Will catch you all later :)
ravi Says:
November 30th, 2012
Posted at: 12:11 am
hi kartik,which one is the best bet can i enter ranbaxy ,aubindo pharma , dlf for short term
richerich Says:
November 30th, 2012
Posted at: 2:05 am
hi..bought unitech @ 27 ...can i sell it if it goes to 35 or hold it for long term.plz advice
richerich Says:
November 30th, 2012
Posted at: 2:06 am
hi..bought unitech @ 27 ...can i sell it if it goes to 35 or hold it for long term.plz advice..
richerich Says:
November 30th, 2012
Posted at: 2:07 am
ur view on RCOM ..for short term targets plzz
richerich Says:
November 30th, 2012
Posted at: 2:09 am
finally ur view on indiabulls realestate.targets for medium term...
CB Says:
November 30th, 2012
Posted at: 7:58 am
Hi cerulean, Good morning
Hi ravi, go with dlf for now. looks good. aurobindo has rallied quite a bit
Hi richerich, yes, unitech does look good. hold onto it. rcom can see 73 in coming days. ibreal above 70 can see 76