Skip to main content

Plan for December 12, 2019

Markets too volatile to trade


Markets look volatile and shaking out weak hands on both the long and short side. Retail traders should just watch from the sideline and avoid the trade. Try to have a position on both the long and short sides with the same value.

Try to take out profits whenever there is an opportunity. Do not try to overstay as markets are not in trending mood. Volumes too are on the lower side so without participation markets won't be able to decide where it wants to go. Hope for some news in Global or Local markets, so we get out of this rangy markets.😃

  1. Nifty buy above 11,960 and sell below 11,880. 
  2. Banknifty buy above 31,450 and sell below 31,170, look for 31,800 or 30,800 respectively if trade actives.
  3. Kotak at an all-time high, buy with the stop loss of 1,660.
  4. HDFC buy above 2,335 with the stop loss of 2,295.
  5. SBI may give a bounce, there is a trend day tomorrow. Sell on rise around 325 levels which is near 5 SMA. 
  6. ICICI at an all-time high, buy with the stop loss of 525.
  7. Axis Bank sell around 712 with the stop loss of 730
  8. Cement and Steel sectors look down. GST news in both sectors, try to avoid the trade or go with pair trades.
  9. Maruti Scalp trade if it breaks yesterdays high (7,057) or low (6,982).
  10. Volatility breakout trade (Inspired by Linda Raschke), here you buy or sell the breakout with an initial stop of 1% and trailing the targets.
  • SRF - Buy above 3274 or Sell below 3230.


Disclaimer-
All information is based on the current market situation. Take everything with a pinch of salt and consult your adviser. The outlook is for the personal use of the author and educational purpose for others.

Labels:

Comments

Post a Comment

Popular posts from this blog

Plan for December 13, 2019

Longs triggered continue to hold Yesterday had written volumes are on the lower side so markets are indecisive. But early in the trade longs were triggered and market picked up volumes, so best trade is to hold longs. Today's price action shows the market will continue the upward journey and may possibly show ALL-TIME HIGHS. Fingers crossed and hope for the best. ✌ Nifty longs with the stop loss of 11,935. Trend day tomorrow, so tight stop loss not advisable. Bank nifty longs with the stop loss of 31,400.  HDFC buy with 2,235 with the stop loss of 2,295. SBI sell only if the market reverses at 325. Buy above 328. ICICI and Kotak at an all-time high, do not think to short. HDFC Bank buy 1,265 with a stop loss of 1,245. May see all-time high here. Reliance buy 1,575 with the stop loss of 1,564 look for new highs Maruti scalp buy above 7,075.  Volatility breakout trade ( Inspired by Linda Raschke ), here you buy or sell the breakout with an initial stop of 1% and t...
Post a Comment
Read more

All time High done. Now what?

Plan for December 18, 2019 All-time High made as suggested in the  last post . The big question now remains is now what? I think the market may open up tomorrow and then consolidate. There is no space to short yet, hold longs with trail Stop loss and enter on the long side in the pullback. There is a good opportunity in some stocks to enter on a pullback, best being Reliance.  The global market looks good and the news is on the positive side. Markets can rise in general in this kind of environment. S&P500 of the US is not going to stop yet, and this can lead to the rise in global markets. The best trade is to be on the long side if missed the rally buy the pullback and be patient. Nifty buy with the trail stop loss of 12,100. Banknifty buy with the trail stop loss of 31,900. For nifty and bank nifty you can buy the pullback but do not short yet, as rally can be spontaneous. HDFC bank buy at 1,280 with the stop loss of 1,260. Axis bank buy above 760. Reliance i...
Post a Comment
Read more

Plan for December 9, 2019

Down day today, the market may still fall further. Nifty and Banknifty broke support and went down. Nifty and Banknifty may consolidate. Nifty may consolidate, sell below 11,880. Banknifty support at 31,010, buy only above 31,550, below that go only with sell bias. Most of stocks look will fall further, try not to buy in a hurry Kotak resistance at 1,680. ICICI is due for fall. SBI is at support. Crude rejected at 4,200. Looks will consolidate. Natural gas may breakout. Buy above 176 and sell below 170. Disclaimer- All information is based on the current market situation. Take everything with a pinch of salt and consult your adviser. The outlook is for the personal use of the author and educational purpose for others.
2 comments
Read more