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Intraday calls for 06-03-09

Posted on: March 6th, 2009 at 9:32 am

Markets likely to open weak. Nifty has support at 2520-2540. It is likely we see a relief rally if we hold onto these levels.

Short sell: Alstom Projects at 251, target: 242. Stoploss: 256

If markets show recovery later during the day, buy Eveready Industries.

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110 Responses

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  1. hitesh Says:
    March 6th, 2009
    Posted at: 4:58 pm

    u can buy nifty but wait for tht i will let u know for tht


  2. hitesh Says:
    March 6th, 2009
    Posted at: 5:05 pm

    u can call me at 9313099788


  3. Vinesh Says:
    March 6th, 2009
    Posted at: 6:53 pm

    Hi CB & Hitesh, I have 10 Lots of March Nifty 2200 put at avg price of 22 and holding since February. Today it closed at 8.30. What do you say will market touch low levels in March so that I hold on or in april to buy April expiry puts?


  4. rohit Says:
    March 6th, 2009
    Posted at: 7:16 pm

    hi cb.. still holding brfl @ 140.. 2day up 25 % @ 104.5,,,,shd i hold on?? or exit on monday..??


  5. hitesh Says:
    March 6th, 2009
    Posted at: 7:43 pm

    hi vinish
    how much and at wht rate


  6. hitesh Says:
    March 6th, 2009
    Posted at: 8:02 pm

    Vinish u can hold and be easy u will get thtrate of 100 one please keep patience


  7. hitesh Says:
    March 6th, 2009
    Posted at: 11:03 pm

    any body guys here in nifty calls or who trades in nifty


  8. CB Says:
    March 7th, 2009
    Posted at: 12:32 am

    Sorry guys was not online in the afternoon..

    Hi PS, I would advice to hold them.. We are seeing a temporary upmove and selling would creep in again.. as of now a hold..

    Hi rohit, hold it for 2-3 days.. upmove could continue..


  9. rohit Says:
    March 7th, 2009
    Posted at: 4:09 pm

    ya closed above 50 ema,..dats y holding.. any targets whr i shd exit....???


  10. CB Says:
    March 8th, 2009
    Posted at: 1:10 am

    Hi rohit, yes.. it can add another 10%.


  11. hitesh Says:
    March 8th, 2009
    Posted at: 9:18 pm

    hello guys how r u all
    hu cb how is the market is looking accoding to u as tomrow point of u, according to me market may open a bit down and will touch 2575 , 2590 and a temprory rally will go on countinue as because tommrow banking will give support to market and will see a rally to 2645, 2660 trader can cut all their holding tilll 2645 and from day after tomorow downtrend will remain countinue.


  12. PS Says:
    March 8th, 2009
    Posted at: 9:32 pm

    Thanks CB sir. For your kind advise


  13. CB Says:
    March 8th, 2009
    Posted at: 11:55 pm

    Hi hitesh, Yes... its a sell on rise markets as of now.. could see Nifty below 2500 in short term..

    Hi PS, Most welcome..


  14. hitesh Says:
    March 9th, 2009
    Posted at: 12:16 am

    wht abt tomrow Cb


  15. Vinesh Says:
    March 9th, 2009
    Posted at: 8:01 am

    Hi CB, is market is sell today in morning? Will it be worth to buy March 2500 Put in morning? Whats your view on HDIL. I am intended to buy at current levels of 68.


  16. CB Says:
    March 9th, 2009
    Posted at: 9:36 am

    Hi hitesh, it will open gap down.. Go short below 2500..

    Hi Vinesh, Dont go short above 2500.. once we break 2500 we could see a free fall.. short below 2500.. HDIL is not a buy yet.. it could fall further.. wait for some more time.

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