August 17, 2011

NIFTY Intraday Update

  • Breaking below 5015 will give a short trade.
  • Above 5053 Bulls will become active and an up move is possible.
  • But everything is happening below 50 Hour moving average. So bulls need to get back above 50 Hour moving average for a bigger up move to happen.
By at

10 comments:

  1. chetanAugust 17, 2011 at 1:43 PM

    @san sir,
    can you guide me for sbi, now?

    ReplyDelete
  2. SanAugust 17, 2011 at 1:45 PM

    @chetan
    Have you taken a position in SBI?

    ReplyDelete
  3. chetanAugust 17, 2011 at 1:48 PM

    @ san sir,
    i bought 2 puts @ 30 & sold @ 39.50 today.i wanted
    to buy again.

    ReplyDelete
  4. chetanAugust 17, 2011 at 1:49 PM

    2150.

    ReplyDelete
  5. SanAugust 17, 2011 at 1:54 PM

    @chetan
    Stock is looking weak. Short positions should have 2232 levels as stop loss. one can stay short for 2150

    ReplyDelete
  6. chetanAugust 17, 2011 at 1:55 PM

    can i buy positionally?

    ReplyDelete
  7. SanAugust 17, 2011 at 1:56 PM

    @chetan
    I think you will get another chance to buy near 2150 levels.

    ReplyDelete
  8. chetanAugust 17, 2011 at 1:57 PM

    thank you very much.needed your guidance.

    ReplyDelete
  9. SanAugust 17, 2011 at 1:58 PM

    @San

    I will try to do an intraday post for more clarity.

    ReplyDelete
  10. chetanAugust 17, 2011 at 2:00 PM

    thank you very much.it will help me.i sold my holdings near 100 sma,as per your guidance.thanks a lot.

    ReplyDelete

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