Intraday calls for 07-09-10
Markets likely to open flat. Support for nifty is at 5550.
Buy ICICI Bank Ltd at 1039.45, target: 1060. Stoploss: 1018 – (convert to BTST, looks strong above 1030)
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SunilRao Says:
September 7th, 2010
Posted at: 6:04 pm
Good Evening CB :)
Hi Nascar, No Point booking loss at this level. Would advice to hold on to it. If Nifty sustains above 5605 levels, buy a 5600 call to hedge it.
Nascar Says:
September 7th, 2010
Posted at: 6:15 pm
Thanx Sunil ji,
But I have 2 lots of Nifty Future short..how many calls i should buy to hedge the position..I am new to this..Please suggest sir ji...
SunilRao Says:
September 7th, 2010
Posted at: 6:39 pm
Hi Nascar, Ideally one call per lot. This is only to be used as a hedge, so if the market abruptly goes the opposite direction of your trade, your loss will be limited to the level you have hedged it. You must exit the hedge once the market changes the direction back to the direction of your trade and can re-hedge if the market changes direction again.
smitha Says:
September 7th, 2010
Posted at: 6:39 pm
Thanks to CB, Ravish and Sunil Rao. I will exit tomoro if it is gap down opening. or else hold nifty with the stoploss of 5620. Is it ok?
Akash Says:
September 7th, 2010
Posted at: 6:44 pm
Hi smitha, There is no downside expected in the market for at least next 1 year. Market may see 25k also within one year. If you are into position, hold stocks for at least 6 months.. all will be minimum 200-300% for 1000% sure...
SunilRao Says:
September 7th, 2010
Posted at: 6:57 pm
Hi Akash, If markets are to sustain growth, corrections are a must and shows a healthy market. If markets continuosly rise without a correction, it denotes an unhealthy market on the verge of a major crash.
nithin2009 Says:
September 7th, 2010
Posted at: 7:10 pm
cb..can one enter fresh small qty in ruchi infra and se investment at cmp for 1month....
LEARNER Says:
September 7th, 2010
Posted at: 7:13 pm
HI CB SIR
what levels ruchi soya can see this tomorrow and if hold for this week
ramsingh Says:
September 7th, 2010
Posted at: 7:16 pm
Hai CB!
Please suggest about Resurgere Mines.What is the target price.
shailesh oswal Says:
September 7th, 2010
Posted at: 7:23 pm
hello to everybody
Kartik Says:
September 7th, 2010
Posted at: 7:28 pm
Hi AANAND.S, it faces strong support around 165, hold it for some more time with a SL at 164
Hi Akash, dont invest you entire amount in stocks at such High levels, invest in small quantity, so that you could avg them out on dips
Hi brp, it saw some profit booking today, it can see 610 tomorrow if Markets manage to sustain higher levels
Hi K.RAJKUMARREDDY, you may enter it for Long term at CMP, it can see 350+ levels
Hi shiva, it looks weak as of now, avoid it
Hi SunilRao, Good evening
Hi smitha, GE, yes
Hi nithin2009, dont enter SE investments, you may buy some of Ruchi Infra for Short term
Hi LEARNER, it can see 145 tomorrow
Hi ramsingh, it can see 73 tomorrow
Hi shailesh oswal, GE
Shereef Says:
September 7th, 2010
Posted at: 7:29 pm
Good Evening SunilRao,
Please provide Hindalco analysis.
Thanks.
manikandan Says:
September 7th, 2010
Posted at: 7:34 pm
for intraday wht can i tomrw...?
manikandan Says:
September 7th, 2010
Posted at: 7:37 pm
to hold next 30days wht can i buy sir........?
LEARNER Says:
September 7th, 2010
Posted at: 7:40 pm
thank you sir
and what levels Almondz global securities this week
Kartik Says:
September 7th, 2010
Posted at: 7:41 pm
Hi Akash, we have already rallied a lot and FII's seem to be driving the Markets as of now, it can be a risky bet to enter stocks at high levels
Hi manikandan, you may buy some of Control Prints at CMP for a target of 56
Hi LEARNER, around 76, book profits on rise