Intraday calls for 03-02-12
Markets likely to open flat, support for Nifty at 5200
Buy ACC at 1247, Target: 1270, SL 1230 – (Book profit in ACC at 1268-1270)
Buy Aanjaneya Lifecare at 540, Target: 552, SL 532 – (book profit at 552)
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arun bj Says:
February 3rd, 2012
Posted at: 7:37 pm
hi kartik i bought tcs call 1200 yesterday where can i exit what is the upside on monday
Kartik Says:
February 3rd, 2012
Posted at: 7:40 pm
Hi arun bj, hold it for 1-2 days, can see 1210+ levels, keep a trailing SL at 1165
Abdullah Says:
February 3rd, 2012
Posted at: 7:54 pm
Hi Deepak Bedi, Yes it did made a bearish engulfing pattern yesterday. So any trader noticing that would have probably gone short today morning itself. Today price of Idfc did open below yesterday's close and came down. But then bull power emerged from 9:30 am onwards and pushed price higher resulting in a big white candle. though essentially bearish engulfing can be sold off, any prudent trader would look for confirmation with the formation of another black candle. This never happened today and anybody shorted in the opening was caught in the wrong foot. Remember, I said before that we should always look for confirmation after a pattern is made. The end result is that the bearish engulfing, though was there, is being negated today. Always it is better to not follow candlesticks alone but it should be done along with other technical indicators.
arun bj Says:
February 3rd, 2012
Posted at: 7:54 pm
ok kartik but 1 think volume are low today as compare to yester day but stock price up .... and what is the strong resistance for tcs you told yester day it 1200 .... today you told 1210 ....level ............
........ how is looks hindustan unilever on chart . it run up 377 to 400 within 3 day s iii i think it ll have better result this time thuesday is the result date ... i bought 440 call last weekk it went down , now my price hold or exit ?
Abdullah Says:
February 3rd, 2012
Posted at: 7:56 pm
Hi Kartik, GE :)
Hi DJ, great going in idfc :)
wajeed Says:
February 3rd, 2012
Posted at: 8:03 pm
Hi karthik,Today i enter in Indiabulls [email protected] (7000 Shares) pls suggest wht price can i exit on monday and book profits thanks
Kartik Says:
February 3rd, 2012
Posted at: 8:08 pm
Hi Abdullah, GE
Hi arun bj, 1200-10 acts as its strong resistance level, a close above which can take it higher, HUL above 400 looks good, hold it for another 2-3 days, hopefully can add some more ginas
wajeed Says:
February 3rd, 2012
Posted at: 8:11 pm
Hi karthik, u also miss my query as CB did pls read it above and reply me thanks
Kartik Says:
February 3rd, 2012
Posted at: 8:13 pm
Hi wajeed, considering global ques it seems it may open higher around 70 on Monday, hold it for 2-3 days with a SL at 67, a close above 70 can take it o 75 + levels
arun bj Says:
February 3rd, 2012
Posted at: 8:18 pm
ok kartik
i had enter hul call at 1.95 last week .. after it went upto .50 paisa n now closed today my buying price .. i think market expecting this time good result after good result on tataglobal beverage ..... that y it came back from 377 to 400 level (tuesday is result date )
arun bj Says:
February 3rd, 2012
Posted at: 8:20 pm
what is the next resistance nifty 5400 or 5500 ..?????
. fii broke all the resistance from 4600.. . 4700 ,n 4800. 5000 .5100 5200 today 5300
arun bj Says:
February 3rd, 2012
Posted at: 8:27 pm
hi kartik sorry result hul monday
Kartik Says:
February 3rd, 2012
Posted at: 8:31 pm
Hi arun bj, hmm, keep a SL at 394 tough, next resistance at 5410 for Nifty
Deepak Bedi Says:
February 3rd, 2012
Posted at: 8:32 pm
Hi Abdullah... Yes I've learned my lessons... thanks to your cautionary advice... that's why I asked CB and he advised not to short so refrained from doing so... :))... Besides candle stick patterns what wud u suggest I read/learn to get a better handle on support/resistance levels?
Deepak Bedi Says:
February 3rd, 2012
Posted at: 8:36 pm
Abdullah... another small query... I shorted Nifty Mar Futures @ 5320 on Monday... What Nifty CE should I buy to hedge that position... and how many lots? Wud appreciate your advice... I don't understand the concept of hedging very well but I've seen that all professional traders always hedge!!
vipul Says:
February 3rd, 2012
Posted at: 8:42 pm
Hi abdullah sir,
how was your trading today