Intraday calls for 08-04-13
Markets likely to open flat, support for Nifty at 5510, resistance at 5620
Buy SBIN around 2052, target: 2075, SL 2030 (strong support at 2035) – (SL triggered in SBI)
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CB Says:
April 8th, 2013
Posted at: 3:59 pm
Hi sunil pothugunta, most welcome.
AR Says:
April 8th, 2013
Posted at: 4:09 pm
Hi CB, do market fall more?the gap up to 5450 gets filled in this week?
CB Says:
April 8th, 2013
Posted at: 4:13 pm
Hi AR, its possible. lets see how US markets close. possible see a small bounce before further correction
komsid Says:
April 8th, 2013
Posted at: 4:17 pm
Hi CB/ Kartik, GA.
Dear all, its advisable now to stay away from Infy options till the results are declared.
The IV is again very high and it may happen that on the result day, the IV comes down which will cause loss on both the Call and puts, it happened in Oct'12.
Just to update, On 1st April, Infy at 2943, Call 3200 ( IV 32.8) at 24.15 and Put 2600 ( IV 40) at 13.05. Today Infy closed at 2833.2, with call 3200 ( IV 45) at 16.25 and Put 2600 ( IV 51.8) at 35.70 .
Incase holding options, better will be to square off the day before the result day.
RC Says:
April 8th, 2013
Posted at: 4:19 pm
Thanks CB..
AR Says:
April 8th, 2013
Posted at: 4:22 pm
Hi CB, has nikkie index gone mad? why it is rushing high and competing with dowjones?evry day japan market rising 3%,is it due to boj package.
AR Says:
April 8th, 2013
Posted at: 4:25 pm
Hi CB, ok thanks cb
bk Says:
April 8th, 2013
Posted at: 4:27 pm
Hi CB,
hou r u.
Please share your view on Centurytex and Icici Bank.
AR Says:
April 8th, 2013
Posted at: 4:28 pm
Hi CB, one last question is if bounce occur in nifty,to what level is it possible, 5600 or 5650? thanks again
CB Says:
April 8th, 2013
Posted at: 4:42 pm
Hi komsid, Good afternoon. thanks for the detailed update
Hi RC, most welcome
Hi AR, yes, their govt is working toward improving their economy by decreasing the value of yen. this way more investments will go in Japan. could test 5600-5620 in this case.
Hi bk, both are going a bit weak as of now. dont enter these yet.
PRAVIN Says:
April 8th, 2013
Posted at: 5:48 pm
CB
SIR CAN I HOLD SBI , BOT AT 2060
AND ALSO CAN BUY 2200CE
kumar Says:
April 8th, 2013
Posted at: 6:33 pm
Hi,
I took HPCL fut @ 284, can i book profit now or wait for some time, please suggest.
Regards
sateesh
ibull Says:
April 8th, 2013
Posted at: 6:58 pm
Hi Friends, In my 2 posts at 10:28 am and 10:35 am, I told about ITC. The Rs 10 dip never came but if somebody bought at the prevailing price of 286-287 at that time, just hold and try to accumulate it on further dips with the master stop loss as mentioned in my 10:28 am post. For short term trading as mentioned in my 10:35 am post, ITC made a low of 285.60 after that and taken U-turn. The target was specified to be 291-292. It made a high of 293.80. So, target is achieved in intraday itself. But if somebody did not book, please try to book tomorrow.
CB Says:
April 8th, 2013
Posted at: 7:09 pm
Hi PRAVIN, yes, hold it. dont enter its ce yet as markets are going weak
Hi kumar, its a good short term bet. can see 310
Hi ibull, thanks for the calls.
Vishal Says:
April 8th, 2013
Posted at: 7:27 pm
Hi CB, Sir. Sold TRIL in loss and bought BF Utilitie and also bought Sun Pharma in cash. But both closed in loss. Wht to do? Hold BF Utilitie for target 450+ in 2-3 months ans Sun for target 1200+ in 2-3 months? Or buy something else?
Kartik Says:
April 8th, 2013
Posted at: 8:59 pm
Hi Vishal, avoid entring stocks on rise, for now lets wait to see how Global ques manage to close tonight, keep a SL at 90 for TRIL and 265 for BF Utilities