Feb 27 Market Tips (NSE)

Update: Don't take any short position now......Please ignore or cover HDIL and JPAssociate...


Cover finantech at 817 (current price)


All other short candidate has reached the cover price yesterday.... so we must be out of them by now.....

For now lets look at the some of the weakest stocks which have setup well

HDIL:  Shorting at 102.30  stop at 107.51 and cover at 90 or 83. I see heavy selling in this stocks since last 4 days and  this stocks has smooth downwardsd movement which makes me believe that this one can be a good shorting candidate. the only worry point I have is that it has been going down since last 4 days so its down movement should slow down now...... but still worth a shot....

I will be surprised if this one get filled .... but lets seeee

JPassociat: Shorting at 71.50 stop at 74.05 cover at 60 

It broke recent pivot point and went down. I would like to buy right at the pivot point and see how it behaves after that.

I started preparing Strong stocks and weak stocks list. I will be publishing that daily frequently. The reason behind publishing strong stocks list now is because the stocks which looks strong in this bear market will be the winner once market recovers from this selling. This list will be changed frequently but this is the basis and I may add or remove stocks from this list......

Strong stocks: TataSteel,lovable,maruti,tcs,mcdowell,bhartiartl, asianpaint,cadilahc,cairn,hindpetro,itc