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The Stock Market thread

KnackChap

By KnackChap,
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Posted by KnackChap,

Stock Market trades and Investments are subject to market risk, Plz read the OP carefully before investing.    This thread is for educational purposes only.  Neither IVG or any of the members are responsible for any trades (good or bad) If you're a new trader always use paper trading before jumping into the real thing. No one can predict the markets 100%. don't believe in those paid tips available online. Do your own research before trading.  Ask be
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rushab oswal Grand Master

rushab oswal

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5 minutes ago, Bird Bird Bird said:

 

It got caught up in the media storm just a few days back, and BSE only stocks started getting hit since then. 

 

I do have some BSE only stocks atm - Scan Steels, Amines and Plasticizers, Trident, National Plastics. Pretty confident on the 1st two. Still have to analyze the last 2 more. 

 

 

Had a buy target of 600, but it never touched those numbers. Well, will wait for another bloodbath day. 

A genuine question why do you wait for an exact price and not settle on something idhar udhar.

Also got a very small percentage in subex . Earlier was holding profits only. No reco.

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Bird Bird Bird Grand Master

Bird Bird Bird

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7 minutes ago, rushaboswal said:

A genuine question why do you wait for an exact price and not settle on something idhar udhar.

Also got a very small percentage in subex . Earlier was holding profits only. No reco.

 

It's got a strong support at 596-606 levels. So idea is to add on support. 

Obviously, can't predict that it'll definitely come down. So will keep watching and see how further levels pan out. 

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KnackChap Grand Master

KnackChap

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1 hour ago, Bird Bird Bird said:

 

https://economictimes.indiatimes.com/markets/stocks/news/explainer-what-is-the-new-bse-rule-that-is-hurting-midcaps-smallcaps/articleshow/85233683.cms

 

This is what is causing BSE panic. And BSE has more than double the NSE stocks for trading (3800 vs 1700). 

 

 Thank you. This is starting to make some sense now. Maybe traders are worried that this may trickle down to nse and hence the profit booking in mid/ small caps. 

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Bird Bird Bird Grand Master

Bird Bird Bird

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1 hour ago, rushaboswal said:

thoughts?

 

I was in double mind to add today. The 840-857 is a major support zone on daily basis. And it was hovering over support for a long time today. 

The OI data wasn't so confident, hence didn't enter:

 

6yLw1x8.png

 

While there has been some Put additions at current support (and it looks like a really good  support - RSI is also at 25), call writing has increased at 880, 890 and 900 levels. 

 

I do think it might bounce back from these levels. Strong support. 

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