Intraday calls for 03-01-13
Markets likely to open flat, resistance for Nifty at 6020
Buy Tata Global around 167, target: 172.5, SL 163 – (If possible conitnue to hold for 1-2 days)
Buy Reliance Industries above 852 (resistance), target: 865. Stoploss: 840. – (Book profit in Ril at 862)
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CB Says:
January 3rd, 2013
Posted at: 12:58 pm
Hi Zankhna, its a hold. can see 450 in coming days
Hi Mahender, its going a bit weak. dont enter yet.
CB Says:
January 3rd, 2013
Posted at: 12:58 pm
Hi Akash, will have to hold for few days
Hi Vinit, seems may remain a bit flat/ weak today
CB Says:
January 3rd, 2013
Posted at: 12:58 pm
ill be back in 30 min.
SM Says:
January 3rd, 2013
Posted at: 1:00 pm
Hi cerulean, Thanks. For NG, supp at 173.50, which if taken out, can take it to 171-170.50. For intraday trading what exactly do you follow? Price action or some indicators?
cerulean Says:
January 3rd, 2013
Posted at: 1:04 pm
Hi SM, Sorry I mentioned a fall in cardamom before expiry... If it does fall these few days , then the reverse is possible on the expiry day .. For , i noticed , 1004 ,is a range buy level... Hi SM, Hi SM," For intraday trading what exactly do you follow? Price action or some indicators?"--- Price action mainly .. and try to follow up on eod charts of 6 months ...
Mahender Says:
January 3rd, 2013
Posted at: 1:08 pm
Hi CB, okay, Thank you.
SM Says:
January 3rd, 2013
Posted at: 1:11 pm
Hi cerulean, Yes, thats the broad range of Cardamom in 30 min charts. Its good that you follow price action for intraday trading. In your free time, you can refer to the book Reading Price Charts Bar by Bar by Al Brooks. Published by John Wiley and sons...
Inder Says:
January 3rd, 2013
Posted at: 1:14 pm
Good Afternoon CB....DO not short market... :)
Inder Says:
January 3rd, 2013
Posted at: 1:15 pm
Hi SM, Your view on market... Nifty range?
SM Says:
January 3rd, 2013
Posted at: 1:20 pm
Hi Inder, GA. Agree with you. Any dip in Nifty will be utilised for buying as Nifty is going strong. Immediate range 6020-6050 Fut levels
cerulean Says:
January 3rd, 2013
Posted at: 1:21 pm
Hi SM,THANKS A LOT ..SHALL TAKE NOTE OF THAT...
Also cardamom can be an interesting one for you..As you read charts very well.. You can make handsome gains..If you have time .. may be you could study cardamom..I felt , it gives good returns for a small margin..
For me though .. it has given varying results ..as am not good enough with tech..and keep small sl..which gets triggered easily ..
SM Says:
January 3rd, 2013
Posted at: 1:25 pm
Hi cerulean, You are welcome. I am not so good at reading charts. Still learning... its a never-ending process, I believe. Yes, planning to trade Cardamom in the coming days...
cerulean Says:
January 3rd, 2013
Posted at: 1:33 pm
Hi SM, hmmm... ..
Thanks a lot to each of you for being humble ...set an example for many here !!
Mentha is also good but ,it took away the margin from mine..[..rather reduced by 1/2 ]..This season ... it usually is up..
I will surely take not of the book..Thanks a lot .
pramod Says:
January 3rd, 2013
Posted at: 1:33 pm
cb
how do u see nifty today n tomrow
Palash Says:
January 3rd, 2013
Posted at: 1:34 pm
hi SM , I HAVE JP 110CE 1.60 4LOTS, NOW IT IS 1.10, WHAT I SHOULD TO DO PLZ TELL ME
Inder Says:
January 3rd, 2013
Posted at: 1:35 pm
Hi SM, One can never become master in stock market. It is on going learning process. good to read these words from you. :)
BTW NIfty bollinger getting narrowed, need to break 5995-6010 range for blast..... :)