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Intraday calls for 07-10-13

Posted on: October 7th, 2013 at 8:05 am

Markets likely to open lower, support for Nifty at 5840 resistance at 5950

Buy Motherson Sumi Systems around 240, target: 247, SL 235

Note: I’ve been traveling and shall be back by 11.am

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72 Responses

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  1. Barun Says:
    October 7th, 2013
    Posted at: 8:21 pm

    Thankx Kartik Sir....


  2. pankaj Says:
    October 7th, 2013
    Posted at: 8:25 pm

    hi sir can i buy reliance& itc at this level?


  3. SaiPalanivel Says:
    October 7th, 2013
    Posted at: 8:37 pm

    HI KARTIK/CB SIR,SGX NIFTY SHOWN IN GREEN.BUT ALL GLOBAL MARKETS ARE IN RED.EUROPE MARKETS RECOVERY IMPACT SIR.WHATS YOUR VIEW.


  4. jai kumar Says:
    October 7th, 2013
    Posted at: 8:55 pm

    Hi SaiPalanivel, IT APPEARS U HAVE MISSED THE RBI NEWS WHEREIN THEY HAVE EASED SOME MONETARY POLICY AND THAT IS THE EFFECT ON SGX NIFTY. HOWEVER NIFTY EOD DATA IS VERY CONFUSING AND NO CLEAR DIRECTION IN NIFTY. NEARLY 14 LAKH NIFTY FUT. REDUCED PREMIUM OF PUTS AND CALLS BOTH ARE DOWN SO VERY CONFUSING.


  5. SaiPalanivel Says:
    October 7th, 2013
    Posted at: 8:59 pm

    HI NSE GUIDE MEMBERS,SGX NIFTY MOVE HIGH THE FOLLOWING RBI NEWS.
    In a surprise move, the Reserve Bank of India (RBI) reduced the marginal standing facility (MSF) rate by 50 bps to 9 percent from 9.5 percent with immediate effect. The MSF cut will ease short-term rates and companies are likely to borrow from the commercial paper (CP) market instead of banks. The move is part of the calibrated withdrawal of exceptional measures undertaken by the apex bank and is aimed at improving liquidity in the system. The RBI's 200 bps increase in the MSF rate in July had tightened short-term market liquidity. In its mid-quarter review of September 2013, the RBI had cut MSF by 75 basis points from 10.25 percent to 9.5 percent. It has been decided that the central bank will provide additional liquidity through term repos of 7-day and 14-day tenor for a notified amount equivalent to 0.25 percent of net demand and time liabilities (NDTL) of the banking system through variable rate auctions every Friday beginning October 11, 2013. The notified amount and tenor of the term repo auctions will be announced prior to the dates of the auctions. The move is likely to help banks and NBFCs once the market opens for trade tomorrow. On Monday, the RBI conducted open market purchase operations of Rs 9,974 crore to inject liquidity into the system.

    Read more at: http://www.moneycontrol.com/news/economy/rbi-eases-liquidity-cuts-msf-rate-by-50-bps-to-9_964950.html?utm_source=ref_article


  6. hari Says:
    October 7th, 2013
    Posted at: 9:01 pm

    Dear CB/Karthik,

    I am holding Nifty 5900 PE and BNF 9700 PE and SBI 1700?

    Any chances of market may come down tomorrow. today it came down but recovered even global markets weak..

    Please suggest...


  7. SaiPalanivel Says:
    October 7th, 2013
    Posted at: 9:13 pm

    HI jai kumar,THE RBI NEWS IN POSITIVE TOMORROW OPEN GAP UP LETS WAIT AND SEE? SGX NIFTY SUDDENLY MOVE I THINK THIS NEWS IMPACT ITS MY VIEW.


  8. Kartik Says:
    October 7th, 2013
    Posted at: 9:42 pm

    Hi vishal j, most welcome

    Hi PKP, sure

    Hi RR, jet airways faces strong resisatnce at 380, if holding, keep a SL at 365 for it. Tvs has rallied quite a lot lately, seems may settle around 42 lvls before moving higher

    Hi Barun, most welcome

    Hi pankaj, enter them above 850 and 350 (resistance levels)

    Hi SaiPalanivel, Good eveing, Yes,its hardly active at this time, seems may settle tomorrow, thanks for the updates

    Hi hari, hold SBI PE with a SL at 1655(cash), other Pe's can be held with a SL at 5960 (cash, resistance for Nifty )


  9. SEBY Says:
    October 7th, 2013
    Posted at: 9:48 pm

    hi KARTIK sir
    tmrw yes bank will test 345 ? your views please


  10. SaiPalanivel Says:
    October 7th, 2013
    Posted at: 9:59 pm

    KARTIK SIR,NIFTY OPEN IN HIGHER LEVEL TOMORROW? YOUR VIEW PLEASE.I HAVE LOT NIFTY PE"S.


  11. RR Says:
    October 7th, 2013
    Posted at: 10:26 pm

    Thanks Kartik


  12. Kartik Says:
    October 8th, 2013
    Posted at: 12:08 am

    Hi SEBY, 345 looks unlikely for tomorrrow

    Hi SaiPalanivel, may open 20-30 pts higher after the banking news, could see some profit booking after opening higher, hold the PEs wit ha SL at 5960 for some more time

    Hi RR, most welcome


  13. jaikumar Says:
    October 8th, 2013
    Posted at: 12:31 am

    Hi sir
    Tomorrow i like to trade buy call on POLARIS
    BOMDYEING
    APOLLOTYRE. Which one is better? Give me Level also


  14. AP Says:
    October 8th, 2013
    Posted at: 6:31 am

    Dear CB,
    I have bought JP ASSOCIATES (DEL) @58 (200 qty). Shall I hold it for 1 year or book loss?
    Whether it will move above 60 in future?


  15. SEBY Says:
    October 8th, 2013
    Posted at: 8:03 am

    hi good day for all
    today we can cover some loss


  16. CB Says:
    October 8th, 2013
    Posted at: 8:21 am

    Hi jaikumar, can go with polaris and raymond. look good. wait for some dip to enter arvind

    Hi AP, yes, its a hold for med/ long term. will recover back. dont add more yet

    Hi SEBY, Good morning. yes, seems may open a bit higher.

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