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Your Queries > Buy | Sell | Hold a stock ?

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prakash Says:
February 9th, 2011
Posted at: 3:12 pm
Sir holding 500 shares of Allied digital (Bought @ 100) , what should be strategy - Hold / Avg / Sell. Please advice.
Kartik, replies: Hi prakash, exit it on any rise
anivesh Says:
February 9th, 2011
Posted at: 3:12 pm
Can i go short on any stock now?
Kartik, replies: Hi anivesh, no, can be a risky bet in volatile Markets
Kartik Says:
February 9th, 2011
Posted at: 3:13 pm
Hi anivesh, no, can be a risky bet in volatile Markets
Hi prakash, exit it on any rise
SIVA Says:
February 9th, 2011
Posted at: 3:13 pm
i have booked looss on relmed, rcom relpower,
but intraday profit is now cmong around 1000 rs. can i buy back
Kartik, replies: Hi SIVA, yes
anivesh Says:
February 9th, 2011
Posted at: 3:14 pm
Can i buy BHEL future?
Kartik, replies: Hi anivesh, not yet
anivesh Says:
February 9th, 2011
Posted at: 3:14 pm
BHEL @ 2090?
Kartik, replies: Hi anivesh, not yet
ABHISHEK Says:
February 9th, 2011
Posted at: 3:14 pm
holding unitech future at rs43, any chance of rescue frm it or shall i book loss?can wait a few weeks but do not intend to get stuck for long!
ram Says:
February 9th, 2011
Posted at: 3:16 pm
i have sold orbit corp. can i buy back for itnraday profit
Kartik, replies: Hi ram, yes
Sumeet Says:
February 9th, 2011
Posted at: 3:16 pm
Hi Kartik,
Where do you see unitech from here?
Kartik, replies: Hi Sumeet, can give a bounce from 35
rajaram Says:
February 9th, 2011
Posted at: 3:18 pm
Dear CB, i having suzlon long @ 44.25. i can hold it for 2 weeks if it can rise about 2 rs. shall i wait or book some profit @cmp. Thanks
Kartik, replies: Hi rajaram, Markets look weak, would be better to exit from it
pooja Says:
February 9th, 2011
Posted at: 3:18 pm
thanks kartick.can i short in vijayabank @ cmp
Kartik, replies: Hi pooja, wait till tomorrow
matlee Says:
February 9th, 2011
Posted at: 3:18 pm
FEB
09
Overbought…Oversold = Hope Strategy
Filed Under (Trading Skills) by Deepak Singh on 09-02-2011

We keep hearing everyday: Market is oversold and hence we can see a 300 point rally on Nifty. This is most absurd logic one can give
Overbought and oversold are the two most useless indicators in technical analysis; and that’s why I rarely talk about them. This is not the first time I am saying this. As recently as last month in my Jan 09 notes I made this comment: The only hope Bulls have now: market is extremely oversold in near term. But remember, oversold market is no guarantee of rally. Now a month has passed and the argument still holds true.
Need Proof: See US market
US market is as overextended or overbought it can get and yet day after day - US market is only inching up. Anyone who is shorting must be getting killed.
What you are seeing above is: Melt up i.e. as market is moving up it is sucking in more people and leading to increased conviction of bulls
Have a look at Nifty Chart
It’s quite reverse of US market. It’s just going one way down…oversold is getting more oversold. The reason: With every down day, more and more people are giving up on the market
Conclusion
Market always moves in a direction that causes maximum pain to maximum number of people. The pain = Lack of Action. When market moves up, lots of market participants watch with disbelief till they finally give up and jump in. That’s when the tops get formed. Similarly, when market is going down, people hold on to their stocks and watch market action in disbelief till they finally give up. That’s the market for you and the price action tells the real story not cute analysis of analysts.
Remember, when Indian market was going up, many so called analysts were busy talking about TOP and how valuations are stretched but to their dismay, market continued moving up. Now, the same crowd is calling market bottom everyday…on argument that valuations are attractive and market is oversold and yet market is going only one way and i.e. down. The problem: This kind of approach fights the market all the time. Market will do what it has to….and no one knows where the bottom is and when market will turn till the market actually turns on the screen.
Overbought and Oversold analysis is strategy of HOPE. Now, one day market will turnaround but who knows where. One should be vigilant to spot turnaround but not Trade on HOPE that market will turnaround.
courtesy - stateofhemarket blog
Gitanjali Says:
February 9th, 2011
Posted at: 3:18 pm
HI Kartik, I wish ..had held the short position.. till now .. However made up for loss [yesterday's,in the same scrip].. ought to be satisfied..Can we go long in balram..at cmp.. pl?
Kartik, replies: Hi Gitanjali, dont go long yet
Avi Says:
February 9th, 2011
Posted at: 3:22 pm
sir shall i short hindlaco at current level?
Kartik, replies: Hi Avi, no, dont go short yet