Intraday calls for 01-06-10
Markets likely to open slightly lower. Support for nifty is at 5020 and resistance at 5110
Buy Vijaya Bank at 58.95, target: 62. Stoploss: 57.20
Buy Lupin at 1860.20, target: 1885. Stoploss: 1842 – (book profits at 1880)
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bhuvana Says:
June 1st, 2010
Posted at: 8:21 pm
hia 'cb' can i buy bata and uniphos tomorrow for intra day
Akash Says:
June 1st, 2010
Posted at: 8:24 pm
Hi bhuvana, Even I am planing to do intraday in UNIPHOS. Seems it will cross 200 tomorrow as could not do today as expected. Do you have any news? Kartik / CB will suggest more on this.
pankaj Says:
June 1st, 2010
Posted at: 8:25 pm
hi CB / kartik, very unfortunate day for me, was holdin my puts since long, only today i sold them at more than 60% losses in the morning after givin up. n in afternoon they just zoomed like anythin. well, again bot 4900 put during mkt closing. US is up, Europe has recovered now. wht opening expected tomorrow? n wht trend of nifty u see now?
ons Says:
June 1st, 2010
Posted at: 8:43 pm
Hi Kartik, GE
Markets are behaving really strange. Dow (futures) from -1.5% at nifty close to +0.3% so far. Now, how does nifty and dow look in short term to you?
tanu Says:
June 1st, 2010
Posted at: 8:59 pm
Hi CB,
US markets...??
NEW YORK (CNNMoney.com) -- Stocks rallied Tuesday, erasing morning losses, as investors set aside worries about global growth and instead focused on better-than-expected readings on U.S. construction spending and manufacturing.
Why dont our indian markets concentrate on great GDP growth and better than expected earnings across corporates?(just wondering...
Kartik Says:
June 1st, 2010
Posted at: 9:29 pm
Hi Akash, dont enter UNIPHOS or Hindustan Glass for Intraday on Margin, it can be a risky bet, it would be better to wait for some time and hold Educomp for 1-2 weeks time, it shall see some upmove
Hi Balachandran, it can do well above 190, hold it for 2-3 days time as of now
Hi rsk, it can add another 10-15% tomorrow, hold it for some more time
Hi Sabu, thanks for the update
Hi Bull, yes, we are likely to trade flat tomorrow
Hi ansh, you may enter it above 58 for Short term
Hi ramsingh, its likely to add 1-2% tomorrow, hold it for some more time
Hi ansh, a right issue is a companies offer to its existing shareholders buy a proportional number of additional shares at a given price (usually at a lower rate) within a fixed period, you need to apply for right issue shares if you tend to buy them
Hi bhuvana, dont enter them for Intraday, you may enter United Phos. for Short term as of now
Hi ons, it seems that we might face some consolidation around 5050 levels as of now
Hi tanu, yes, rightly said, we are more depended on Worldwide Markets
cks Says:
June 1st, 2010
Posted at: 9:30 pm
Hi Kartik/CB, Is it good time to buy a Educomp CA tomorrow for jun expiry?
pradeep Says:
June 1st, 2010
Posted at: 9:46 pm
Hi Kartik
Hope you are doing well.
I had bought Vijayabank CA 65 @ 1.60. Please confirm if I can book some decent profits this week. Whats your target this week/ and expiry.
Thanks
Kartik Says:
June 1st, 2010
Posted at: 10:24 pm
Hi cks, it would be better to wait for 1-2 days time
Hi pankaj, oh, we are likely to trade flat tomorrow, hold your PUTS for 1-2 days time, with a Sl at 5020
Hi pradeep, yes, hope you too doing well, its likely to see some upmove in the coming days, it can see 64-65, hold it as of now
Hi Akash, oh, searching for something good, shall let you know in some time
Hi Akshay, Swing calls are mostly given in flattish, bullish Markets, but as of now our Markets seem to trade weak, it can be a risky bet to go for Swing trades
suzane Says:
June 1st, 2010
Posted at: 10:25 pm
Hi Kartik, Hi CB, how r u guys ?? According to ur suggestions i am holding PIRHEALTH and BRFL for 2-3 days .. But, they dint show any upmove till yet .. Why so ?? Anything wrong or its my badluck ?? i am still waiting for them to give a rally .. Plz temme what should i do ??
Kartik Says:
June 1st, 2010
Posted at: 10:29 pm
Hi suzane, fine, hope you too doing well, its just that Markets have been facing some downside, hold them for some more time, they shall do well
Akshay Says:
June 1st, 2010
Posted at: 10:33 pm
Hi karthik,So whats ur saying on uniphos.Its target and stop loss for these week.suppose if nifty gets levels of 4800-4850,where it can go downside.and if nifty reaches 5100-5150,where it can go.PLS KARTHIK BHAI APOLOGISE ME BCOS I M MAKING U FRUSTRATING.since i m in loss and i trust u and cb the most.
suzane Says:
June 1st, 2010
Posted at: 10:34 pm
Hi Kartik, how long do i have to hold dear ?? Actually wont allow me to hold for more than 2-3 days .. Do u think they will recover 20% in 3 days ?? As my debit will only convert in credit after they give me that much result .. is it wise to wait for the target .. What can be the target for both if hold for 3 days more ??
Kartik Says:
June 1st, 2010
Posted at: 10:36 pm
Hi Akshay, no issues, it seems to face some resistance at 190 above which it can do well, Markets are likely to consolidate at current levels
Hi suzane, yes, Pharma Stocks are defensive bets, Piramal Healthcare Ltd can see 540+ and BRFL around 210+
Ravi Says:
June 1st, 2010
Posted at: 10:44 pm
Hi Kartik, Seeing the US market will nifty open gap up?
Holding 5100 put at 150. Plz suggest wat to do. Is there anything more left in this trade or should I book profit as the market opens?
Kartik Says:
June 1st, 2010
Posted at: 10:47 pm
Hi Ravi, we are likely to trade flat tomorrow, hold your PUT for another 2-3 days time, with a SL at 5020 on Nifty as of now