23-08-2015. SHORTING.

Good Morning.

There is belief that those who opt for shorting makes more in the market.

Shorting is an art. A shorter has to identify a stock that has given negative breakout.

After selecting stock for shorting, shorter must further identify its support and possible 4 to 5 resistance levels.

For example –

If one feels that a stock will fall further below 253.80 and may touch 249, then shorter has to find out how up it can go above 253.80.

Let us assume that the stock above 253.80 can go up to 258.75. 261.10. 267.50. 273.90.

If shorter had shorted 10 qty at 253 then he/she must short 20 at 258.75, 60 at 261.10,120 at 267.50 and 240 at 273.90.

In the process shorter has to predetermine where to put stop loss.

Reason for this post is normally shorter do not visualise 4/5 resistance levels.

Try this method of shorting in double qty at every resistance level, to gain confidence one may short in small qty say – 1,2,6,12,24 etc.

Lastly if in profit cover it without waiting for 249.00.

Regards

21-08-2015.

Good Morning.

DBCORP – looks good above 324, may touch 336.40/340, below 318 it will get support at 307.80.

GODREJCP – looks good as long as it do not brake yesterday’s low of 1280.00. May touch 1335/1340/1350.

ITC – looks good as long as it trades above 324.00. I will watch it along with DBCORP as both are doing tango.

JETAIRWAYS – Is it waiting for takeoff signal?

MPSLTD – broken its earlier resistance of 832 and trying to touch its next resistance of 896. Above 909 it will get confirmed that it has crossed 896 convincingly.

A stock moves up and down between its support and resistance, if breaks one it tries to reach next but it is custom to follow stop loss. I do not follow it. 

News and other things have impact on price. Check AMTEKAUTO. Is the company is going to closed down?

Sometimes it is better to sit on fence till storm weathers off keeping in mind it may take long time to cool down.

This is only for information and study purpose.

Regards.

20-08-2015

Good Morning.

ACC – target 1467. I will buy below target and at 1425.60, SL 1400.00.

BFUTILITIE – target 640/645, I will buy below 640 and at 615.60, below 608 it has support at 582/576.

GEOMETRIC – given a good closing, it has resistance at 144/146 and support at 138/136. Above 146 it will try to touch 152/154.

IPAPPM – given good closing by breaking its resistance. Looks good as long as it trades above 358 and do not break 352. Likely to touch 380/385. 52 week high was at 394.00.

SUNILHITEC – looks good as long as it trades well above 304 and it will gain more strength above 324.00.52 week high was at 352.

This is only for information and study purpose.

Regards.

NB - http://www.telegraph.co.uk/finance/11805523/Doomsday-clock-for-global-market-crash-strikes-one-minute-to-midnight-as-central-banks-lose-control.html

19-08-2015.

Good Morning.

BASF – I will buy below 1320.30 and at 1298.00. Looks good to me as long as it trades above 1270.00, in case if it breaks 1270, I will buy more at proper level. First target 1350 and above it 1386.

MASTEK – I will buy well below 224 and at 210,194.40, below 190 next support at 181/176.

TVTODAY – I will buy above 242.10, SL 222, target 245/251. 52 week high was at 262.00.

This is only for information and study purpose.

Regards.