Intraday calls for 06-08-14
Markets likely to open a bit lower. Support for nifty is at 7580 and resistance at 7800.
If market show recover later during the day, buy: eClerx Services.
12.15pm – Exit from Himatsingka and Sona Koyo at 85.80 and 40.50
Thought for the day: Live now. Make now always the most precious time. Now will never come again. — Captain Jean-Luc Picard, U.S.S. Enterprise
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Suman Ray Says:
August 6th, 2014
Posted at: 12:47 pm
Hi Sir,
can we hold Infy for 3700/3800 in 1-2 months?
Regards
Suman Ray
pramod Says:
August 6th, 2014
Posted at: 12:47 pm
HI KK I hold Relinfra 770CE @31, whts ur view?
K K Says:
August 6th, 2014
Posted at: 12:47 pm
Hi Cj,
I was busy. Not with the system.
Have you entered Nifty PE ?
Arun Kumar Says:
August 6th, 2014
Posted at: 12:52 pm
Hi KK,
I was holding 100 Nifty 7700 CE @ 113.95, sold @ 114.95.
Still couldnt hold much longer. Hope it comes with experience.
K K Says:
August 6th, 2014
Posted at: 12:52 pm
Hi pramod,
To me, Rel Infra sees resistance @ 780 levels. Crossing that level now would be difficult as Nifty is under pressure. Today also same level tested.
IF Nifty regains strength, it will break that level soon.
Navneet Says:
August 6th, 2014
Posted at: 12:55 pm
Yes goutham, I entered at 101 and exited at 99. Good call.
Ratika Says:
August 6th, 2014
Posted at: 12:57 pm
Hi K K, Per your advice, I entered in NIFTY PE 7700 @ 84 (500 Qty). Please suggest should I hold or exit. Nifty again Bouncing back.
now it is trading at 77.Please suggest.
Micky-intrday Says:
August 6th, 2014
Posted at: 12:58 pm
Hi K K, Any updates of bhushan steel bought @ 310 and it hit lower circuit.
Ilavarasan Says:
August 6th, 2014
Posted at: 1:00 pm
Hi,
What is the target for Bhushan Steel. Is it a good company for long term ? Suddenly today it has crashed 19 percent. I am in loss.. Kindly give your thoughts. Morning it was trading at 375 , now its 305.. and past 30 mins its same at 305. Not even a movement
Micky-intrday Says:
August 6th, 2014
Posted at: 1:01 pm
Hi Sharath, no avoid
Cj Says:
August 6th, 2014
Posted at: 1:02 pm
Hi K K, No, as I didnt get any response from you...
Ratika Says:
August 6th, 2014
Posted at: 1:03 pm
It is almost at my level again. small loss only. Should I exit from Nifty PE ?
Cj Says:
August 6th, 2014
Posted at: 1:05 pm
Hi Cj, Nifty spot is @ 7717 nearer to your Buy PE levels (as per your blog)...
K K Says:
August 6th, 2014
Posted at: 1:06 pm
Hi Ilavarasan,
CID is searching for Bhushan Steels Vice Chairman.
Question of involvement in Syndicate Bank bribery case.
K K Says:
August 6th, 2014
Posted at: 1:08 pm
Hi Cj,
follow the levels always and book profits when you hit first target and then take a breathe and look at the nifty moment and take position again based on it. On volatile days, nifty hits the targets on both sides. Best example is yesterday. It hits the first target on BUY side and then, It hits 2 targets on SELL side.
Navneet Says:
August 6th, 2014
Posted at: 1:09 pm
Hi Ilavarasan, Not sure but may be after effect of arrest of CFO Arun Agarwal yesterday in Syndicate Bank bribes for loan scam. There could be some new development in the case.