Intraday calls for 05-07-10
Markets likely to open slightly lower. Support for nifty is at 5200.
If markets show recovery later during the day, buy: Torrent Power. – (book profits at 370)
10.30am – buy Canara bank at 456, target: 463. Stoploss: 450.
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CB Says:
July 6th, 2010
Posted at: 12:26 am
Hi Vishal, its likely to open flat. yes, in case of a gap up one can enter it
Hi AT, buy it below 5200
Hi tuff money, seems may remain a bit flat for now. hold calls with sl at 5200
Hi Kb, great!
VBC Says:
July 6th, 2010
Posted at: 12:35 am
Hi CB holding 250 RNRL at 73 i am in a loss of nearly 7k could you please explain what do i get with the merger with RPOWER? Hold or exit RNRL tomorrow?
SunilRao Says:
July 6th, 2010
Posted at: 12:36 am
Good Evening Kb, What help do you need dear? Sorry was out the whole evening. Just came back a while ago. Got a lot to work for now ... got to download EOD data and intraday data. But I'll be available here for another 2-3 hrs.
Good Evening CB :)
CB Says:
July 6th, 2010
Posted at: 12:52 am
Hi VBC, continue to hold onto it and go with the merger. rpower is a good short/med term bet.will help recover your losses soon. for every 4 shares of rnrl you will get 1 rpower share.
CB Says:
July 6th, 2010
Posted at: 12:52 am
Hi SunilRao, Good evening..
Kb Says:
July 6th, 2010
Posted at: 12:53 am
Hi SunilRao, Hiyaa .. Good eve .. :)
i was unable to pull nifty stock's volume from Google , google gives BSE volume ..
Now i am able to pull from nse sparklinks .. but all stocks is not there na?? is there is any other table to pull data ???
SunilRao Says:
July 6th, 2010
Posted at: 12:56 am
Hi CB, Today, I figured out a new technique for PWO trading in ranging markets. When 5-period PWO curve and 30-period PWO curve just brush each other and reverses direction without crossing, it indicates a start of a ranging market before reversing direction and 30-period pwo low and high points are purchase and sale points. I tested it on 20 random high volume scrips of nifty for intraday for past 30 days. Though it gave only 25 effective signals, surprisingly 100% accuracy (Few other signals which were given, never got triggered). The PWO low/high ranges varied between 1.5% to 5% on 30 min charts and I kept S.L. at only 0.5% margin and surprisingly S.L. were never hit. Though in a few trades it did not manage to achieve target but neither was the SL hit and it ended with some profits at the end of the day. :)
Kb Says:
July 6th, 2010
Posted at: 12:57 am
Hi CB, Cb. is there is any table which gives real time price changes with volume for full nse stocks??
Kb Says:
July 6th, 2010
Posted at: 1:26 am
Hi CB & sunil rao, Byee. Good Night..
villy Says:
July 6th, 2010
Posted at: 2:00 am
IN Coming days where the market goes what do u think
SunilRao Says:
July 6th, 2010
Posted at: 2:55 am
Hi villy, As of now markets are in a sideways trend. Above 5315, Nifty may see some more upside and below 5130, Nifty may see some more downside. Markets can move either direction as of now but seeing weak global cues, markets likely will move downwards in near term.
SunilRao Says:
July 6th, 2010
Posted at: 3:40 am
Hi All...
Nifty saw almost a flat trading session on 5/7/2010 and traded in about a 25 point range throughout the day with very low volumes.
Nifty Outlook for 6/7/2010:
Resistances: 5260, 5275, 5315 levels
Supports: 5200, 5165, 5130 levels
1. If Nifty is unable to break support levels of 5200-5225 levels, we may see some limited upside upto 5260, 5275 levels.
2. If Nifty breaks 5200 support levels, we may see more downside upto 5165, 5130 levels.
3. If Nifty breaks 5275 resistance levels, we may see more upside upto 5315 levels.
PWO Recommendation: Nifty face some support @ 5200 levels. Nifty may see a volatile trading session with bearish sentiments so advisable to trade in low volumes.
Intraday Trading Strategies:
1. If Nifty breaks 5200 support levels, Sell Nifty for Target of 5165, 5130. SL. 5230
However global cues may have alternative affects and need to be seen as well.
S.MAHESH Says:
July 6th, 2010
Posted at: 7:10 am
INTRA DAY CALLS FOR JULY 05, 2010
Good Morning,
For compulsive traders who are ready to take RISK.
INTRADAY CALL - for July,06,2010.
Buy ASHOKLEY above 64.90,stop loss 63/90,targets - 66.60, 67.50.
Short GTOFFSHORE below 438,stop loss 443[ has strong R at 448,453], targets 436,433.50,431.
Short POWERGRID below 101.50, stop loss 103[ has strong R at 104-106]targets- 100.50,99.
Nifty's view,remarks and levels :-
On chart looks bearish,gap down opening expected.[ may not get chance for shorting.]
Closed at 5235.90
SMA of 3,5 and 9 day's - 5241.50,5258.60,5282.15.
PP 5239
Resistance - 5250,5265,5279.
Support - 5224,5212,5197.
Down trend will get over above 5332.
vishaldel Says:
July 6th, 2010
Posted at: 7:38 am
hi all good morning.... I am enjoying nice whthr here at khajjiar.... any guesses for nifty after seeing weak asian mkt?
CB Says:
July 6th, 2010
Posted at: 7:56 am
Hi SunilRao, great! ill track it too
Hi Kb, Good morning.. no, not sure..
Hi villy, if breaks 5200 can come down to 5150
Hi S.MAHESH, Good morning.. thanks
Hi vishaldel, Good morning.. :) nifty may open 20-25 points lower. some support at 5200