Monday, 12 November 2012

12 NOV :

11:35
NIFTY : Aaah its falling. Currently 2 min divergence showing crossover , indicating a small pop up.
Rest all timeframe stays clean Sell.

So , as our daily analysis , we have to strive for long opportunities.
Hence lets stay away from Nifty. From All directions and indicators , its screaming SHORT.
But , I am expecting a flat range bound day ,lets not trade nifty today.

PANTALOON :  I have went short in 190PE @ 3.5
                            Sell order placed at 6
                            Lets wait how it goes. Its not a intra day trade. Positional if sell order not filled today.

11:45 Am

The expected small pop is dong good.
One good trade can be going long with stop loss at 22ema 5680 . But it would be too early to take the call.
I am not impressed by 30 min Nifty chart . Lets give it more time to confirm that the time has come to go long.
5 min crossover took place as well , if we hold these prices till 12 noon ,  I will be in , in longing Nifty.

LONG TITAN . I have been tired of giving bullish views about the counter.
How can you miss it , which is making new 52 week high each day and holding strong.
The up move should stay intact in this festive season , where gold prices rally.

12:00 noon

I am staying away from Nifty.  I am expecting flat range bound moves and don't want to get my SL hit due to slow sluggish boring moves.

I am LONG in TITAN and short on Pantaloons. Both Positional if today sell orders don't get filled.
Its always a better way to sit long on one counter and short on another in range bound sessions.


SS

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