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Post: #106   PostPosted: Thu Jul 29, 2010 10:20 am    Post subject: Reply with quote

GAIL is trying to breakout above BULL-R1 levels after rallying from LOC after mkt open.
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Post: #107   PostPosted: Thu Jul 29, 2010 10:27 am    Post subject: Reply with quote

GPIL - Rallied from LOC after mkt open, broke the 34/89 EMA resistance and is currently in BULL-R1 band....watchout for a breakout above it. If it reverses and goes below bull, there is still good support of both EMAs.

HDIL - Almost same story as GPIL above....

RELIANCE - Reversed from BULL-R1 and is now at BEAR-S1...a breakdown further below S1 can drag the market down with it.

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Post: #108   PostPosted: Thu Jul 29, 2010 10:32 am    Post subject: Reply with quote

SBIN is right between BEAR & S1 along with both EMAs....bias is down...nothing to do but watch which way it goes and act accordingly.
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Post: #109   PostPosted: Thu Jul 29, 2010 10:36 am    Post subject: Reply with quote

ST sir,
I'm confused with HDIL. Is it getting Bullish again.

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Post: #110   PostPosted: Thu Jul 29, 2010 10:49 am    Post subject: Reply with quote

dilesh wrote:
ST sir,
I'm confused with HDIL. Is it getting Bullish again.

Regards,
Dilesh


Dilesh,

As I mentioned below HDIL is bullish...there is EMA support for it also and it has rallied strongly since morning from BEAR-S1 levels, cleared BULL-R1 and is still above EMAs even though it dipped below BULL for 2-3 bars.

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Post: #111   PostPosted: Thu Jul 29, 2010 11:42 am    Post subject: NF crossed 34 EMA Reply with quote

Hi ST,

NF crosed 34 EMA and moving towards LOC. Any guidelines from ur side.
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Post: #112   PostPosted: Thu Jul 29, 2010 11:46 am    Post subject: Re: NF crossed 34 EMA Reply with quote

sinash2003 wrote:
Hi ST,

NF crosed 34 EMA and moving towards LOC. Any guidelines from ur side.


Even though NF has reversed to the upside from BEAR it has strong resistance until R1 is cleared as 89 EMA & BULL-R1 are close to the current price. If it can clear R1 then there could be significant upside above it.

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Post: #113   PostPosted: Thu Jul 29, 2010 12:00 pm    Post subject: Reply with quote

FYI : I did not take the NF trade (reversal from S1) but it was a perfectly valid trade with an entry after the close of the bar that took NF above LOC and a SL below BEAR (not below S1 because it is a counter-trend trade). Such trades are fine as your SL is quite close and you don't lose much if you are wrong about the trade. Here the entry would have been around 5397 and SL around 5383.
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Post: #114   PostPosted: Thu Jul 29, 2010 12:09 pm    Post subject: Reply with quote

HINDUNILVR

Similar case as NF. Reversed from BEAR. Was a buy once it broke above LOC with SL below BEAR (counter-trend trade so SL is closer and not below S1).

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Post: #115   PostPosted: Thu Jul 29, 2010 12:11 pm    Post subject: Re: NF crossed 34 EMA Reply with quote

SwingTrader wrote:
sinash2003 wrote:
Hi ST,

NF crosed 34 EMA and moving towards LOC. Any guidelines from ur side.


Even though NF has reversed to the upside from BEAR it has strong resistance until R1 is cleared as 89 EMA & BULL-R1 are close to the current price. If it can clear R1 then there could be significant upside above it.


Hi ST,

Thanks for your prompt reply.
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Post: #116   PostPosted: Thu Jul 29, 2010 12:20 pm    Post subject: Reply with quote

RELIANCE

Looking extremely weak, tried to reverse off BEAR but could not even get to LOC. Hit resistance at 34 EMA and is back in BEAR-S1 band. This can hold back the market.

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Post: #117   PostPosted: Thu Jul 29, 2010 2:49 pm    Post subject: Reply with quote

Was busy earlier....nothing interesting going on in NF. But BNF is another story altogether....

There were lots of places to enter BNF after its market open bounce just above BEAR. There may not have been many "standard" entries but there were many trend following entries like pullbacks etc.

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Post: #118   PostPosted: Thu Jul 29, 2010 3:31 pm    Post subject: Reply with quote

RPOWER Example
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Post: #119   PostPosted: Thu Jul 29, 2010 3:38 pm    Post subject: Reply with quote

Nifty Futures

Typical expiry day "khichdi" in NF today. Did not take a single trade in NF, traded exclusively in stocks and was monitoring BNF but unfortunately did not take trade in it....BNF was super today. Stocks were good as usual.

Not that if one would have traded in NF there would have been major losses. The standard entries with some kind of trailing stops would ensure min losses. It is just that such days are frustrating if one is exclusively trading NF.

NOTE : Green circles are probable long entries, Red circles are probable short entries. Those are not trades but are probable entries generated by the standard entry rules. Further analysis like EMA position etc should be done before taking entry.

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Post: #120   PostPosted: Thu Jul 29, 2010 8:12 pm    Post subject: Reply with quote

Hi ST ,

Can you please help me with 'Add as attachment' option
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