Intraday calls for 02-05-14
Markets likely to open slightly higher. Resistance for nifty is at 6770 and support at 6650.
Buy Balkrishna Industries at 526.10, target: 540. Stoploss: 520 – (Book profit at 535.50)
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Ravi Kiran Says:
May 2nd, 2014
Posted at: 10:22 pm
@CB : No, what I'm telling is, it would be good if you give a few (max 2-3) calls per day rather than a single call, so one need not put all the eggs in a single basket ! Although not too many positions !! :)
CB Says:
May 2nd, 2014
Posted at: 11:45 pm
Hi Ravi Kiran, :) sure
Hi Ezhil, these are quite below your buying price. hold for now. dont add more yet
Hi rkb, its near strong support of 1250 levels. hold for now. can test 1320
Hi ND, havells can test 945. gmr around 26.50
DS Says:
May 3rd, 2014
Posted at: 6:31 am
Hi CB,
Hi CB,
Instead of 2-3 calls a day I suggest one call every 2-3 days...but with big movements...and average at every level of resistance and support.
Plus if more people are doing such a trade that will cause the stock to follow the suggested pattern as well.
rkb Says:
May 3rd, 2014
Posted at: 8:36 am
thank you cb sir
rkb Says:
May 3rd, 2014
Posted at: 8:40 am
Hi DS good morning yes i agree with you.
Ravi Kiran Says:
May 3rd, 2014
Posted at: 8:45 am
@ CB : Thank You :)
your chela Says:
May 3rd, 2014
Posted at: 10:11 am
hiii sir
nifty & axisbank level in coming 4/5 days
jessi Says:
May 3rd, 2014
Posted at: 10:34 am
Hi cb sir, good morning.jubilant monday will recover.if it recover what is the target on
monday.
Ravi Kiran Says:
May 3rd, 2014
Posted at: 10:49 am
DS : Hi... good idea, but big price movements?? i think the risk will increase along with big price movements?? Im asking for lesser risk level ! :)
rahul Says:
May 3rd, 2014
Posted at: 10:50 am
Hi CB sir, you think jubilant life sciences can be recovered on Monday? I'm holding at 177.
CB Says:
May 3rd, 2014
Posted at: 11:42 am
Hi rahul, It is a good short term bet. hold for now. has support at 164-165, can bounce back from here
Hi jessi, Good morning can test 169
Hi your chela, nifty if holds onto support of 6650, can bounce back to 6750-6780. axis bank can test 1555
Hi Ravi Kiran, most welcome
Hi rkb, most welcome
Hi DS, sure, shall look into it
rahul Says:
May 3rd, 2014
Posted at: 12:55 pm
Thank you CB sir.
Anju Says:
May 3rd, 2014
Posted at: 1:42 pm
Good afternoon CB Sir,
I am new here, want to start trading from Monday . I want to start with 20,000 capital (My own money). My broker can provide margin 4 to 10 times more. Please can you tell me any share which i can buy and keep till election result for good profit. Thank you in advance.
CB Says:
May 3rd, 2014
Posted at: 2:46 pm
Hi rahul, most welcome
Hi Anju, Good afternoon. Welcome.. as of now no new call. looking for some. shall update shortly.
Rojes Says:
May 3rd, 2014
Posted at: 2:47 pm
Hi Anju,
Are u sure that ur broker will provide 4 to 10 times margin to take delivery of stocks for more than 2 days....I am asking this because usually 4 to 10 times margin is given for intraday trades, where the positions have to be squared off on the same day. And for delivery, the margin credit is given for T+2 days (Trade + 2 days). Some brokers allow T+4 or T+6 days but charge heavy interest. Please recheck and then start trading... otherwise will loose heavily on interest.
DS Says:
May 3rd, 2014
Posted at: 3:47 pm
Hi Ravi Kiran,
I feel that if one trades one-two stocks over a period of month at various resistance/support levels the risk is actually less....usually stocks rise/fall at these levels spread over a month....
With 2-3 intraday trades more often than not things end up going pear shaped...trust me i know a lot about losing a lot of money in the market.
Plus if you look at CB's calls....they are so good that even if it hits SL in an intra-day trade...over a period of week or two it will hit the target...just track Balakrishna Industries, Karnataka Bank, State Trading Calls...99% of them hit their targets...except one has to be a lil more patient and not hope for intra day miracles.