Quotes with Resistance & Support
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Intraday calls for 03-05-11

Posted on: May 3rd, 2011 at 8:18 am

Markets likely to open flat, support for Nifty is at 5650 and resistance at 5760

Buy Lupin at 431, Target: 438, SL 425

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  1. thavva Says:
    May 3rd, 2011
    Posted at: 7:04 pm

    Hi Sunil Rao, Mine is IIFL and they charget 35/- per lot. Did you talk to Nirmal Bang on brokerage? How about their rates and trading terminal.


  2. naresh Says:
    May 3rd, 2011
    Posted at: 7:10 pm

    hi CB/Karthik/Sunil Rao where will this bearish trend will stop and i have one lakh ruppes to invest, suggest me some good scrips, your views on BHEL,infosys..any other if good


  3. Kartik Says:
    May 3rd, 2011
    Posted at: 7:26 pm

    Hi SAI, no, looks weak as of now

    Hi STOCK MARKET LEARNER, it can give a bounce once Markets recover, hold it with a SL at 102 (cash)

    Hi ankit, it looks weak, try to exit it on rise tomorrow

    Hi nda, if possible hold it for Short term, can see 55+ levels in 3-4 months time

    Hi r h, Markets look weak and might take some time to recover, we could give a small bounce tomorrow, try to exit it on any rise

    Hi vijay, they look weak as of now, wait for a dip in them

    Hi Shiv, as of now seems unlikely, we have broken major support levels, exit from 6000CE on any rise tomorrow, keep the 5900 one for some more time

    Hi cvrprakash, dont add more, hold them for Short term

    Hi Sunil Rao, GE, Yes, they are good

    Hi naresh, we have been reacting to some negative news flow lately, shall have to wait till it settles out

    Hi manoj, Yes, we reacted to the RBI meet today and broke major support levels, we faced strong support at 5650, 5580


  4. Sunil Rao Says:
    May 3rd, 2011
    Posted at: 7:28 pm

    Hi thavva, GE, Thanks. I've sent enquiries to RK Global, Ventura and Religare. Yet to get a response from RK Global.


  5. Sunil Rao Says:
    May 3rd, 2011
    Posted at: 7:29 pm

    TRADING IS NOT GAMBLING

    Most of us here are traders, some tend to become investors and even gamblers.

    Who is a Trader? Trader is one who enters a trade knowing the pros and cons of the trade. A Trader sets a time-frame for a trade, an entry price, a target price and a SL before entering a trade.

    Who is an Investor? Investor is one who buys fundamentally good stocks when the market crashes in a staggered manner with the capability to add more at lower rates and holds it for long term to get very good gains.

    Who is a Gambler? Gambler is one who enters a trade with very high expectations to gamble with the hard earned money.

    Most of the traders here including myself have sometimes or the other turned into an investor when a trade fails or turned into a gambler who keeps holding a losing trade hoping to exit out of it without loss. Think about it ... how many times have we gained in this process and what was the magnitude of the gain or loss involved?

    As a trader, Capital Protection is a must. Look a the table below:

    Loss of Capital in % -----> % Profit Required to get back to breakeven.
    10% -----> 11.11%
    20% -----> 25%
    30% -----> 42.86%
    40% -----> 66.67%
    50% -----> 100%
    60% -----> 150%
    70% -----> 233%
    80% -----> 400%
    90% -----> 900%
    100% -----> Out of the market.

    A successful trader is one who can get out of a losing trade at the earliest and forget about it and then enter the next favourable trade.

    Regards,
    T. Sunil Rao.


  6. wasey Says:
    May 3rd, 2011
    Posted at: 7:33 pm

    HI CB,
    How is Bajaj Auto at cmp? What would be the target for tomorrow?


  7. Sunil Rao Says:
    May 3rd, 2011
    Posted at: 7:38 pm

    Hi Kartik, GE, Thanks, Any idea about the Access Charges and Investor Protection Fund charges they charge?


  8. gayaram Says:
    May 3rd, 2011
    Posted at: 7:38 pm

    Hi thavva, GE. Today i enquired about ventura. 35 for one leg or both buy/sell? including tax or excluding? how is their service and terminal. please provide me these details.


  9. gayaram Says:
    May 3rd, 2011
    Posted at: 7:40 pm

    Hi Sunil Rao, GE. today i missed ur call. went off and lost the chance. how is nifty now? holding 4 ce and ril 1050 ce also. yr suggestion pls.


  10. Sunil Rao Says:
    May 3rd, 2011
    Posted at: 7:45 pm

    Hi gayaram, Ventura charges for 1 leg if intraday and both legs otherwise. 35 is their max rate and 18 the min on different plans.
    Lets see Nifty's move tomorrow, if it holds onto the support level of 5546, we may see a small bounce


  11. gayaram Says:
    May 3rd, 2011
    Posted at: 7:45 pm

    Hi Kartik, GE. holding 5900 and 6000 ce. 6000 ce is in single digit. if exiting tomorrow should be in greater loss. what to do


  12. Kartik Says:
    May 3rd, 2011
    Posted at: 7:50 pm

    Hi Sunil Rao, its around 1500rs for a year, for the first year they wave off, also confirm with them, this shall help: http://img375.imageshack.us/img375/6425/ventura.png

    Hi wasey, faces strong support at 1350, can give a bounce if Markets manage to see some recovery


  13. Kartik Says:
    May 3rd, 2011
    Posted at: 7:51 pm

    Hi gayaram, try to exit the 6000 CE tomorrow on any rise, Markets look weak overall, hold the 5900 for some more time


  14. thavva Says:
    May 3rd, 2011
    Posted at: 8:05 pm

    Hi gayaram, 35/- for one side only. i.e 70/- per lot and excluding service charges. I'm using web based app not terminal as i do trading from office. Today I asked Nirmal bang and they said for intraday its 25/- per lot (one side only, for carry forward its 50/-). They were saying that after 1 or 2 months we will reduce to 20/- per lot. Have to see.


  15. Kb Says:
    May 3rd, 2011
    Posted at: 8:08 pm

    Hi Kartik/Sunil Rao , Mail from broker "We would like to inform you that you can now authorize running account through the customer care site." what is it ?? & wht shld do?


  16. thavva Says:
    May 3rd, 2011
    Posted at: 8:08 pm

    Hi Sunil Rao, Well said about trader and investor. Its really true and myself is victim of loss of this type many times. slowly changing now a days :)

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