Intraday calls for 05-03-12
Markets likely to open a bit lower. Support for nifty is at 5290 and resistance at 5420.
Buy Bajaj Finserv at 625-630, target: 653. Stoploss: 617
Trade in small quantities
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SM Says:
March 5th, 2012
Posted at: 11:00 pm
Hi Deepak Bedi, Sorry, the closing price of 130PE is 4 and 4.20 was its LTP...
Deepak Bedi Says:
March 5th, 2012
Posted at: 11:02 pm
Hi SM... Thanks for ur detailed response... I forgot to mention that i'm also holding Nifty Mar 5500 CE (2 lots) @ 94 nd ICICI Mar 940 CE (2 lots) @ 20.4... I had bought Hindalco Mar 130 PE (1 lot) as a hedge... Does this change nything or does ur advice on Hindalco still hold??
SM Says:
March 5th, 2012
Posted at: 11:07 pm
Hi Deepak Bedi,You are welcome. My thoughts about Hindalco was of a standalone basis. BTW, the concept of holding Nifty CE (2lots) and ICICI Bank CE (2lots) and hedging with Hindalco PE (1lot), is beyond me...
SM Says:
March 5th, 2012
Posted at: 11:13 pm
Hi Deepak Bedi, I mean to say, either I dont understand hedging OR your concept of hedging as you explained, is not correct. Plz wait for direction regarding this from CB, Kartik
CB Says:
March 5th, 2012
Posted at: 11:28 pm
Hi AK, most welcome
Hi sammy, facing some resistance at 116. above this can see 122
Hi suzane, yes, moving with the markets. if possible enter a pe to hedge it for now.
Hi SM, Good evening
Hi Bhima, seems may open a bit lower looking at global queues. not sure how markets react to the poll results
Hi RAVI, no, dont avg it yet. for now its a hold
DJ Says:
March 5th, 2012
Posted at: 11:29 pm
Hi SM
he he he...i am still holding long on sterlite.tmrw 116 or 124 bro?didnt want to trade it but now caught.how was ur day?
suzane Says:
March 5th, 2012
Posted at: 11:37 pm
Hi CB, which PE to hedge with ?? And how many lots ??
SM Says:
March 5th, 2012
Posted at: 11:39 pm
Hi DJ, GE. Good supp at 120 and res at 125.50. Needs to give a breakout either ways. All Fut levels. My day was OK. Covered some shorts in Nifty. PLz see my post on 29 Feb 11:17 pm :)
SM Says:
March 5th, 2012
Posted at: 11:52 pm
Hi CB, Pls guide Deepak Bedi regarding the hedging issue. Plz see my conversation with him
Deepak Bedi Says:
March 6th, 2012
Posted at: 12:27 am
Thanks SM... Hopefully CB will shed some light on hedging... :)
CB Says:
March 6th, 2012
Posted at: 12:42 am
Hi suzane, go with couple of nifty 5200 pe's for now
Hi SM, you may enter a pe for now. pe's move higher when a stock falls.
SM Says:
March 6th, 2012
Posted at: 12:55 am
Hi Deepak Bedi, Most welcome :)
Hi CB, I think you are too tired :)
Good night everybody :)
CB Says:
March 6th, 2012
Posted at: 2:04 am
Hi SM, :) not really.. Good night..
vishal Says:
March 6th, 2012
Posted at: 2:44 am
hi cb i am holding huge shorts in bank nifty and now sitting on descent profits, what levels do u think i should square it off, since i want to square most of it tomorrow.
CB Says:
March 6th, 2012
Posted at: 3:08 am
Hi vishal, hold for now. below 10100, it can see 9800. today can see 10100-10120