i hv jetairway 500@ 640 ..now @ 527 ...pls suggest wat i do ???

Hi j, this is not likely to have a major impact here

Hi Nitin, it has been quiet in news lately, would be better to exit 50% of it at current levels, keep the rest for Short/mid term

Sir, can i invest in Tatasteel keeping 1year view for target Rs 390-400 ? it has corrected a lot what is the medium term target?

Hi Pooja1981, 10 day and 20 day moving averages are basically averages of stock prices (closing basis / mean basis) for last 10 / 20 days . Generally a stock is considered to be bullish for short term , if it is trading above 10 and 20 DMA (Day moving Average) and bearish if it is trading below these averages . However this is not the only parameter to qualify for our trade , whether we should go long or Short . For eg. if stock is oversold with rising RSI (RSI around 31-35) , there are fair chances that it can bounce back and gradually breaks above 10/20 DMA and vice a versa.
Apart from some of the above technical indicators please keep in mind below factors as well before initiating any TRADE (Long or SHORT) :-
1) MONEY MANAGEMENT - Never transfer your entire amount to your brokers account . Keep 50% to 60% aside . So that you can avoid OVER TRADING .
2) Always have only 1 position at a time and preferably HEDGED . (If long then sell higher strike rate CALL and if short then sell lower strike rate PUT) In this way some time even if stock does not move any where , still you will be gaining in selling of CALL / PUT due to time decay factor .
3) Be cautious of Global news / factors . This can lead to GAP UP / GAP DOWN opening of our indian markets.
4) Never enter into a TRADE , after news is out . (Generally people buy on roumors and sell on news) . So best to avoid news based Trading .
5) Trend is our Friend . Observe our MARKET Trend (Nifty Trend) . Nifty has earlier bounced back from 4770 , 5032 , 5218 , 5548 . This time it was suppose to bounce back from 5900 to take support of this rising TREND LINE . However it has broken this on the downside . And now trading near 5850 (gone in a down trend) . Now to Negate this down trend Nifty should bounce back and close above 5980-6000 for 2-3 days.
6) Option Data is also very important . Even if Nifty is in short term down trend . Option data suggest that MAX OI (around 80 Lakhs) is at 5800 PUT for FEB 2013 Expiry . That means there is highest writing of PUTs at 5800 strike rate (This is current situation , we need to observe , as it may change on Monday / Tuesday) so Nifty may not go down below 5790 - 5800 in this FEB 2013 expiry .
Hope above details help you . Please feel free to write , if you still have some queries .

Hi SONU & CERULAN !!! Brilliant pieces of information for beginners like me. Simple to understand and recollect while doing trading...
I have made similar mistakes of selling shares when I had longs just because I saw it come down drastically. A classic example was selling Pantaloon which I had bought 2 days ago at 215. Was happy when it rose to 214 early on itself on Friday after losing around 7k on Thursday as it fell to 211.80. But seeing the fall of Europe and US markets and the constant fear that our nifty would also go below 5830, sold it off at a loss of 211.50, but later in the day converted that to MIS and then sold one more lot at 216.50. Just was trying my luck to see if pantaloon would drop below its friday closing of 217 on Monday next.. Do not know if it would go down atleast temporarily when I can square it off. If not would face further losses on Monday. Anyways these are learnings the hard way!.
Thanks once again AND also hats off to CB/Karthik who without any signs of indifference or fatigue keep replying to all our queries.

Kartik Sir , Most Welcome . I am very much grateful to your help and I have gained maximum technical knowledge from yourself , CB Sir . And your sites NSEGUIDE.com and CHARTINK.com are very useful for all of us . Because of CHARTINK.com , we are able to see 10/20 DMA , RSI , Trend Line Support / Resistance and all other indicators . Let me once again give my gratitude towards your help extended to me and all readers . Yourself and CB Sir are providing fantastic help to all of us.

Hi CB What is your view on nifty next two weeks I think better to ply same time both buying put and call 5900 in nifty and bank nifty 12200 for at least 10% profit. please advice