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psalm Black Belt

Joined: 12 Nov 2011 Posts: 5368
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Posted: Thu Jul 05, 2012 2:41 pm Post subject: Re: stocks |
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| ESNMURTY wrote: | | psalm wrote: | | ESNMURTY wrote: | Good Morning Sam,
I think RELCAP gave a BO above 380 Which may take it to 480 |
Hi Murty,
Reliance Capital is trading around 382 now. For this stock, the area 380-400 is very very vulnerable. Anything can happen in this area. There is chance of a breakout if the market goes up from here or consolidates at the least. Since, there are a lot of uncertainties, caution is warranted. The stock has immmediate resistance in the range 380-385 range. But there is another important resistance zone at 395-403. Above 403, the stock will have targets of 450 and 465 (420 will be a minor resistance). From there onwards, the stock might attract more and more buyers, I feel. On the downside, the stock has immediate support at 375. But for a positional trade, the support is around 365-360 range. Having said that, major support for the stock is around 325 below that it will test the lows it made a few months back.
Regards,
SAM |
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Taken position even before your reply,,,Thanks n regards |
Okie....Murty..  |
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vinay28 Black Belt

Joined: 24 Dec 2010 Posts: 5397
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Posted: Thu Jul 05, 2012 2:49 pm Post subject: |
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| can some expert give opinion on schneider electric based on EW? |
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sonila Brown Belt

Joined: 04 Jun 2009 Posts: 1780
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Posted: Thu Jul 05, 2012 9:21 pm Post subject: |
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| Asianpaints was in continuous uptrend since mid jan 2012, now, i think, will go to downtrend, as recently, rsi-5 became ob, but price failed to make new high and also eod basis, closed below 34-ema. |
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vishyvaranasi Yellow Belt

Joined: 11 Jul 2011 Posts: 751
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Posted: Fri Jul 06, 2012 10:06 am Post subject: |
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Hi Sam,
Your views on IDFC on a buy side now.
vishy |
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psalm Black Belt

Joined: 12 Nov 2011 Posts: 5368
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Posted: Fri Jul 06, 2012 10:38 am Post subject: |
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| vishyvaranasi wrote: | Hi Sam,
Your views on IDFC on a buy side now.
vishy |
Sorry Vishy, I was not in front of my system for a while. By the way, IDFC has immediate support around 137.5 below that it will be considerably weaker. So, if you want to buy it, keep a stoploss below 137.5 or just below that. On the upside, 141.5 / 145 and 148 are the levels to watch. I very much believe that the stock might top out today. So, I will not suggest you to hold it over the weekend because of the risks. Anyway, just watch out. |
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vishyvaranasi Yellow Belt

Joined: 11 Jul 2011 Posts: 751
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Posted: Fri Jul 06, 2012 10:40 am Post subject: |
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Hi Sam,
Didnt get TOP out in ur message .Pl clarify
Vishy |
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ESNMURTY White Belt

Joined: 31 Oct 2009 Posts: 380
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Posted: Fri Jul 06, 2012 10:52 am Post subject: Re: stocks |
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| ESNMURTY wrote: | | psalm wrote: | | psalm wrote: | | ESNMURTY wrote: | Good Morning Sam,
Balmer Lawrie and Company (584 NOW)....I think above 590 may have good upside ? |
WOW....Murty.....after a LOOOOONG TIME....How are you?...hope you're doing fine....gimme a few min...will be back with my opinion.....anyway, nice to see you after a long time....  |
Murty,
I see considerable resistance for the stock in the range 590-600 range. So, its better to buy the stock above that, I feel. Once above 600, the stock will have targets of 634/661 and then 680. But below 600, the stock could be range-bound. The stock has very good support around 560. However, major support for the stock is in the range 510-500.
Regards,
SAM |
Well....Thanks and regards... |
%%%%%%%%%%%%%%%%%%%%%%%
Moved up to 607.90 today |
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ridinghood Yellow Belt

Joined: 16 Apr 2009 Posts: 653
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Posted: Fri Jul 06, 2012 10:53 am Post subject: |
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hi psalm,
pl guide as to how jetair should be played now?
regs
ridnghood |
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vishyvaranasi Yellow Belt

Joined: 11 Jul 2011 Posts: 751
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Posted: Fri Jul 06, 2012 10:54 am Post subject: |
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Hi Sam,
By saying Top out wat do u mean.Pl. clarify.i am holding a lot from 142.50 in IDFC
Vishy
| psalm wrote: | | vishyvaranasi wrote: | Hi Sam,
Your views on IDFC on a buy side now.
vishy |
Sorry Vishy, I was not in front of my system for a while. By the way, IDFC has immediate support around 137.5 below that it will be considerably weaker. So, if you want to buy it, keep a stoploss below 137.5 or just below that. On the upside, 141.5 / 145 and 148 are the levels to watch. I very much believe that the stock might top out today. So, I will not suggest you to hold it over the weekend because of the risks. Anyway, just watch out. |
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psalm Black Belt

Joined: 12 Nov 2011 Posts: 5368
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Posted: Fri Jul 06, 2012 10:56 am Post subject: |
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| vishyvaranasi wrote: | Hi Sam,
Didnt get TOP out in ur message .Pl clarify
Vishy |
That means I'm expecting the stock to make a peak for the short to medium term.....I'm expecting the stock to find considerable resistances around 148-151 range. If the stock reaches there, there is chance of it making a top for the time being and then starts correcting.....
NOTE: Discard this view if the market starts trading above 5450-5480 levels, Vishy..cos, in that case, IDFC might break above the above mentioned levels and thus could trigger a breakout....but as of now, I'm slightly bearish about that.....and believe that every rise in that stock up to 148 should be a selling opportunity.... |
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psalm Black Belt

Joined: 12 Nov 2011 Posts: 5368
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Posted: Fri Jul 06, 2012 10:57 am Post subject: Re: stocks |
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| ESNMURTY wrote: | | ESNMURTY wrote: | | psalm wrote: | | psalm wrote: | | ESNMURTY wrote: | Good Morning Sam,
Balmer Lawrie and Company (584 NOW)....I think above 590 may have good upside ? |
WOW....Murty.....after a LOOOOONG TIME....How are you?...hope you're doing fine....gimme a few min...will be back with my opinion.....anyway, nice to see you after a long time....  |
Murty,
I see considerable resistance for the stock in the range 590-600 range. So, its better to buy the stock above that, I feel. Once above 600, the stock will have targets of 634/661 and then 680. But below 600, the stock could be range-bound. The stock has very good support around 560. However, major support for the stock is in the range 510-500.
Regards,
SAM |
Well....Thanks and regards... |
%%%%%%%%%%%%%%%%%%%%%%%
Moved up to 607.90 today |
cool....  |
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psalm Black Belt

Joined: 12 Nov 2011 Posts: 5368
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Posted: Fri Jul 06, 2012 11:08 am Post subject: |
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| ridinghood wrote: | hi psalm,
pl guide as to how jetair should be played now?
regs
ridnghood |
Ridinghood,
Jet Airways is one of the counters which was doing exceedingly well in the last few months. The stock has not given any SELL signal yet. But I have seen traders posting bearish view regarding that stock. So, it is possible that the stock could go down. I see some support for the stock in the range 375-380. On the upside, 425 was the level, I was looking at. But the stock didn't reach there. If someone is holding any short positions, it can be hold with a stoploss above 395, I believe. The targets here could be 345-350 range. Below that the stock will be considerably weak and could test even 270 levels. On the upside, immediate resistance above 395 will be around 406.
Regards,
SAM |
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ridinghood Yellow Belt

Joined: 16 Apr 2009 Posts: 653
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Posted: Fri Jul 06, 2012 11:18 am Post subject: |
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thnx psalm,
for ur great views on jet.
regs
ridnghood |
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vishyvaranasi Yellow Belt

Joined: 11 Jul 2011 Posts: 751
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Posted: Fri Jul 06, 2012 12:21 pm Post subject: |
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Hi Sam,
Ur views on Titan
Vishy |
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psalm Black Belt

Joined: 12 Nov 2011 Posts: 5368
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Posted: Fri Jul 06, 2012 12:35 pm Post subject: |
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| vishyvaranasi wrote: | Hi Sam,
Ur views on Titan
Vishy |
Vishy,
Titan COULD do well as long as it trades above the 222-225 range. At the same time, there is resitance around 237-238 range. Also, the stock has to close above 238 for a sustainable upmove. In that case, levels of 249-251 could be tested. However, for a trade, I'll more inclined to SELL the stock at higher levels. If the stock goes below 222 levels, then it could easily test 206 and then 196 levels. Major support for the stock is around 188. In the long run, I expect the stock to test those levels.
Regards,
SAM |
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