Y RENUKA has come down a lot?

Hi SunilRao, May i hav ur gmail id. I wanna ask some queries..

Hello CB, I shorted 1000 shares of amrutanjan intraday bt wsnt able to cover up, so nw its showing -1000 in delivery n d amount hs been credited to my a/c, wht cn i do nw??
I hv heard dat auction will bed done for those shares, plz tell me d solution.....

Hi suzane, in MACD is rising (the red and blue lines). Rising lines give a bullish move, and falling give a bearish move. In case of BankNifty, the tough the RSI was above 90, but the MACD was on the rising side, they both should be falling

Hi Ravii, most welcome

Hi SunilRao, you may enter it for 3-4 months time, it can see 120 levels

Hi ARIJIT DAS, thanks for your views

Hi Sri, its a good bet for 2-3 days as of now, hold it, it can see 82

Hi Gitanjali, the stocks you hold are very strong bets for Long term investment, they are Large Cap stocks and shall perform well in the Long run, it would be better if you hold them for Long term investment, its the same a investing in SIP's

Hi ajit, markets might see some downside tomorrow

Hi Madhu, not sure, but it can do well in the Short run

Hi Kb, its made of the last 26 days high's and low's difference too, along with moving averages

Hi Jai Anand, they will be sent for auction on the 3rd day, mostly Monday, depending on the price of the stock on the that day, you shares will be sold

Hi Kb, If you inspect the charts of SelMcl, you'd notice that the scrip was on decline for the last 3 weeks, but few points have been noticed which are very interesting.

1. It has been consolidating in the 61-65 range for the last 4 trading sessions
2. The Price entered inside the 5-day Price Action Channel (PAC) yesterday and remained inside the PAC completely today (PAC range as on today: 63 - 66 indicating it to give a bounce from here).
3. The Negative volumes have been decreasing indicating a possible change in direction.
4. The RSI had gone low to 8.7 and increased to 15.4 in 2 trading sessions
5. The Slow %K had gone to the lowest level of 1.3 on 29/3 and increased to 6.5 today (Usually Slow %K below 3 results in a bounce.)
6. The Slow %D had gone to the lowest level of 3.1 on 30/3 and increased to 3.3 today (Usually Slow %D below 5 results in a bounce.)
7. The 30-day CCI oscillator had gone to a low of -250 on 18/3 indicating a mid term trend reversal.
8. The 30-day CCI oscillator has been constantly increasing since then and has come to -110 today. Above -100 short term downtrend should end.
9. The 6-day CCI oscillator already became positive today and is at +14. But I usually
prefer to enter into a trade above +25 for 6 day CCI. Any small upmove tomorrow will raise the 6 day CCI oscillator to above +50.
10. Entering it at this level has a very low risk as a close below 63 levels (lower levels of PAC) disapproves to remain in the trade and can exit it the same day with minimum loss.

My Conclusion: Any upmove tomorrow will lead it to 67.5-68 levels (converging point with the 15 day EMA) and can see 72 levels (converging point with the 30 day EMA) in short term. And if markets remain good and it manages to cross the 30 day EMA, then can see 78 levels and 85 levels or even higher. Negligible risk, Good gains.

Regards,

Sunil Rao.

Hi Madhu, My email id is [email protected].

Thanks Kartik. :)

'inspect the charts of SelMcl,' Thanks for a lengthy description ..quite educative ..