Intraday calls for 05-05-14
Markets likely to open flat. Support for nifty is at 6650 and resistance at 6810
Buy Aurobindo Pharma at 601.20, target: 615. Stoploss: 593 – (Can continue to hold Aurobindo for BTST. looks good technically)
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K K Says:
May 5th, 2014
Posted at: 1:06 pm
Hi Robotguy, I just came online. Like to get some updates from you guys.
My view
IT & Pharma would do well before elections.
As after the elections, if BJP forms the Government, BJP is very serious and make some quick steps to strengthen the Rupee, which will narrow down the earnings of IT companies. From them onwards, IT companies may trade flat for some time. -- It's my view.
Exit polls will be out on 12-May or 13-May. This will give a gap-up or gap-down opening on the next day morning in the markets. We may get more clarity about the date and time for exit polls by the end of the week.
Analysts suggest to book profits on every 50 point move on Nifty on either side. This strategy would help the traders to protect their profits.
Good Luck Guys.
CB Says:
May 5th, 2014
Posted at: 1:07 pm
Hi Ravi Kiran, yes.
Robotguy Says:
May 5th, 2014
Posted at: 1:07 pm
BUY BATA INDIA at 1001 stop loss 998...
DS Says:
May 5th, 2014
Posted at: 1:07 pm
Hi CB,
The short on JB Foods still a hold right?
CB Says:
May 5th, 2014
Posted at: 1:08 pm
Hi DS, yes.
Robotguy Says:
May 5th, 2014
Posted at: 1:08 pm
Hi K K, Yes but only I prefer FMCG and Pharma instead of IT and Pharma
K K Says:
May 5th, 2014
Posted at: 1:10 pm
Hi CB, Afternoon sir.
CB Says:
May 5th, 2014
Posted at: 1:11 pm
Hi K K, Good afternoon.
jessi Says:
May 5th, 2014
Posted at: 1:11 pm
cb sir.can i buy now auropharma for average
ankush Says:
May 5th, 2014
Posted at: 1:12 pm
CB Sir...cn auro be btst if not hit intrday
CB Says:
May 5th, 2014
Posted at: 1:12 pm
Hi jessi, no, not yet
Hi ankush, yes.
Amit Says:
May 5th, 2014
Posted at: 1:13 pm
Thanks CB. Actually i am stuck in 410 CE at the price of 32. Unable to understand whether to hold or exit??
CB Says:
May 5th, 2014
Posted at: 1:14 pm
Hi Amit, ok. yes, its a hold for now. dont add more.
CB Says:
May 5th, 2014
Posted at: 1:15 pm
Hi jessi, yes, likely to
jessi Says:
May 5th, 2014
Posted at: 1:16 pm
ok sir i bought it @ 607.still i wait
CB Says:
May 5th, 2014
Posted at: 1:18 pm
Hi rahul, we may have to avg it in coming days. hold for now. dont add more
Hi jessi, its a hold.