Stock price of HDIL has gone up 50% in 10 days.
1. Real Estate stocks showing relative strength compared to market.
2. HDIL has strong resistance in the 269-273 zone.
3. I know traders holding large positions relative to their risk tolerance or financial position
4. High beta of around 2 .
5. Quartely results on july 29
6. F&O settlement on July 30.
7. My assumption is overbought in the short term ( till expiry ) based on only 50% position limits, and only 1.5% OI increase not displaying bullish expectations.
8. Rate sensitives including banks and real estate may be in focus next week on the back of RBI Monetary policy on 28 th.
9. I would like to trade on the short side assuming a range bias at best. My stop loss around 275 given high volatility of 7%. ATR of Rs 15.
Devoted to understanding market mechanics,the market's relentless search for truth and self appraisal with continuous feed back from participants. Appreciating the Camouflage, Deception,Delay, Feedback , Aggression,Decay,Frustation,Tension, and its release, Euphoria,Nurture from the markets
Sunday, July 26, 2009
Subscribe to:
Post Comments (Atom)
Market Structure differences 2010 Vs 2020
Some of the changes I have observed in Market structure in 2020 compared to around 2010 Huge increase in trading Volumes Predominant ...
-
I find the book INVESTMENTS - Bodie, Kane, Marcus, Mohanty highly commendable in its thorough coverage of basic tenets of modern finance a...
-
I would suggest the following books my daughter Gangineni Hita who understands my efforts at markets & Trading. I would suggest her to r...
-
Trading the markets is one of the most challenging endeavors. This is a field where only the best can survive unlike other professions wher...
No comments:
Post a Comment