Weekly trading diary : January Week 2 : 8 - 12 Jan, 2018

newguy · January 11, 2018, 9:07am

Great how many lots? Although it’s still going down any reason?

Lets_Invest · January 11, 2018, 9:12am

Swing Traders can buy at these lower levels.
It will recover in upcoming Trading sessions.

Sathiyamoorthi_A · January 11, 2018, 9:28am

Thank you very much for your valuable inputs.

Lets_Invest · January 11, 2018, 10:15am

No matter how good Results Banks gonna report.
If NPA is bad. Traders gonna short it badly.

shubhamgirdhar92 · January 11, 2018, 11:18am

does anyone know about anything macquarie’s group under perform status given to icici lombard?

thanks in anticipation

Lets_Invest · January 11, 2018, 2:04pm

.

raheel265 · January 11, 2018, 2:22pm

@Lets_Invest Did Coal India reached it’s limit or will it further go up?

Lets_Invest · January 11, 2018, 3:24pm

Its Very Difficult for Anyone to say Where it will Go from here.

Let Talk about the Chart Pattern which I Observed.

1 Jan 2017 Crossover of 5EMA & 20EMA Most of the Experience Traders would have taken Their position and I am sure they still Holding Their position. (They are Risk Takers.)

I also Checked on Higher Moving Averages 50EMA & 100EMA Crossover.
on 3 Jan 2017 Crossover happened Now, Traders Who Look for 100% confirmation Would have taken position.

310 is immediate Resistance If Broke with Good Volumes Higher chances of Moving to 320 Levels.
If Selling Pressure Came it will Take immediate Support Near 300 Levels. if Broke 300 Chances it will get settle near Long Moving average of 50.

Update:- Change in Open Interest By 0.85%

Spaceship · January 11, 2018, 3:41pm

I did tell it may reach 310 levels. Now depending upon market conditions, it may show some upmove but can remain range bound.

mac76 · January 11, 2018, 4:20pm

JIOCOIN
news
Source: Reliance Jio planning own cryptocurrency called JioCoin | Mint

raheel265 · January 11, 2018, 5:29pm

Thanks alot for such a clear explanation

raheel265 · January 11, 2018, 5:30pm

Yes, ur expectation is one of the reason for my holdings .

raheel265 · January 11, 2018, 5:32pm

@Lets_Invest @mac76 @Spaceship Do you trade in Nifty FnO ? Buying Nifty 18Jan 10400 PE at 29 is a good choice?

mac76 · January 11, 2018, 5:37pm

I don’t trade in FnO…I don’t have the required experience for that.

mac76 · January 11, 2018, 5:38pm

Is this some block/bulk deal in Dilip Buildcon?

Spaceship · January 11, 2018, 5:46pm

NO!! Don’t buy it. My view is not bearish yet. Markets are making new highs every other day.

Correction is due but I won’t suggest buying PUTs yet.

Spaceship · January 11, 2018, 5:48pm

Could be Anticipating upcoming Budget.

mac76 · January 11, 2018, 5:49pm

Maybe…but that’s unusual quantity

Spaceship · January 11, 2018, 5:56pm

Unusual quantity? Its just around 75 Cr worth equity as delivery. Yes 75 Cr is not a small figure to call it just!

But still , some action will be happening because of budget. And price may rise further to 1200 levels short term.

mac76 · January 11, 2018, 5:58pm

Yeah! Let’s hope so…I am planning to add more.