Thursday, March 26, 2009

Risky Traders R U Ready to Short Sell Nifty?

  • The risky traders may watch out now for good opportunity to short sell Nifty Future.
  • May be only one lot to start with and then add more once you are in profit of 50 points.
  • Averaging in loss is not good strategy, instead averaging in profit seems to be better strategy.
  • Anyone's trading may be wrong at times, sometimes it is better to accept that trade was wrong and book small loss instead of carrying om the burden and waiting for your target to reach.
This is only for educational purpose,
this is NOT a trading idea for intraday or delivery



Think Tank
  • Do Paper Trading before you start trading with your hard earned money.
  • Instead of Targeting profit, emphasize more on minimizing trade loss
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What Experts Said :

  • 3:54 PM - Buy Titan Industries with a target of Rs 800-825 and stop loss of Rs 750, says Nitin Murarka of SMC Global, on Zee Business.
  • 3:51 PM - Buy Crompton Greaves with a target of Rs 140 and stop loss of Rs 105, says Nishant Jain of Tradeswift, on CNBC Awaaz.
  • 3:45 PM - Buy DLF with a target of Rs 178-200-210 and stop loss of Rs 160, says Nitin Murarka of SMC Global, on Zee Business.
  • 3:27 PM - Book profits on Nifty longs at 3100-3150, says E Mathew, technical analyst, on CNBC Awaaz, as closing market strategy.
  • 3:26 PM - Book profits on longs, says Ashwani Gujral, technical analyst, on CNBC Awaaz, as closing market strategy.
  • 3:23 PM - Take long positions in Nifty April futures, says Rajat Bose, technical analyst, on CNBC Awaaz, as closing market strategy. Go long on JP Associates and TTML, he adds.
  • 3:14 PM - Nifty downside support is 2850 and upside at 3150 where there could be fresh supply, feels Siddharth Bhamre of Angel Broking on Zee Business. This is not a market to go short, he feels. Do not sell on rises but wait and buy on dips in this market now, he adds.
  • 3:10 PM - There is some more steam in this rally with Nifty support at 2700-2800 and Sensex support at 8000, says Ajay Bagga of Deutsche Bank on CNBC Awaaz. This rally could possibly take Nifty to 3200 and Sensex to 11000, he adds. Corporate earnings and elections are the only two domestic event risks for the market now, he feels.
  • 2:23 PM - Buy Unitech with a target of Rs 40 and stop loss of Rs 33, says Nitin Murarka of SMC Global, on Zee Business.
  • 11:47 AM - Buy Reliance Industries for long position with target of Rs 1750-1760, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep stop loss of Rs 1465, he adds.
  • 10:51 AM - Sell Akruti City because it is a volatile stock, says Rahul Mohindar, technical analyst, on CNBC Awaaz.
  • 9:32 AM - Nifty is unlikely to remain below 2950 and should cross the 3000 level, says Rajat Bose, technical analyst, on CNBC TV18. It has resistance at 3020 and major resistance at 3080-3110, he adds. He recommends buying on dips.

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