Intraday calls for 10-12-10

Quotes with Resistance & Support

Market Information

Intraday calls for 10-12-10

Posted on: December 10th, 2010 at 8:27 am

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Markets likely to open slightly lower. Support for nifty is at 5730.

Buy Mahindra & Mahindra ltd on dips near 750-755 with stoploss of 740. – (book profits at 765)

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587 Responses

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CB Says:
December 12th, 2010
Posted at: 10:26 pm
Hi Mayur, its related to IPO's, each and every IPO has different categories, FII's, DII's and Retail investors, each and every category has its own limit (total of all is 100%), so rich investors have started buidding more in the retail category which leads to over-subscription
Mayur Says:
December 12th, 2010
Posted at: 10:33 pm
Hi CB, ok i c... it means suppose if retail quantity is X % reserved in overall 100 %, so now more of applications came into the same X % bcoz of the retail limit increased to 2 lakhs.. abb jyada logo me divide hoga same amount...hmmm.. thanks.. sirji.. for nice descripition.!
CB Says:
December 12th, 2010
Posted at: 10:41 pm
Hi Mayur, yes, and also more number of people will have bid for higher amounts (eg: in case of MOIL, Retail investors bided for 37.86 crore shares against the 1.15 crore shares on offer)
Mayur Says:
December 12th, 2010
Posted at: 10:51 pm
Hi CB, yes..waise sirji.. what is the actual % reserved into different categories...FII's, DII's and Retail investors, QIB.?
CB Says:
December 12th, 2010
Posted at: 11:08 pm
Hi Mayur, it depends on the IPO, the details are mentioned when they make their offer
Mayur Says:
December 12th, 2010
Posted at: 11:13 pm
Hi CB, oh its depnds on offer to offer not predefined by SEBI or anyone else... i c. i learn a vry important topic today..thanks :)
CB Says:
December 12th, 2010
Posted at: 11:28 pm
Hi Mayur, I shall get it confirmed by the broker tomorrow
Mayur Says:
December 12th, 2010
Posted at: 11:32 pm
Hi CB, ok.. i will recall u by 2mrw itself for this.!
SubhagGhosh Says:
December 13th, 2010
Posted at: 12:01 am
Market stratergy for 12-Dec-2010
6000 Call has got max OI at 76 lakhs contacts, but 21 Lakhs contacts has been closed on friday,s session, i.e OI reduced by 25 %, which is paving the way for upward movement.
5700 Put has got max OI with 77 lakhs contacts, which suggests market has got good support at 5700.
The candlestick pattern is piercing line, which has bullish implication.
21 sma is comming around 5942 and 50 sma is comming around 6052.
38.2 % retracement of the fall from 6338 (5-Nov-10) to 5690 (26-Nov-10) is comming around 5940.
5950 will be a strong resistence zone.
Stratergy for Monday,
1.if the global market is good, go long keeping SL of 5850 for 1st target of 5940, then 6000.
2. If the global market is week, go short keeping SL of 5865 for a target of 5750.
Thanks and Regards,
Subhag Ghosh
CB Says:
December 13th, 2010
Posted at: 7:31 am
Hi Mayur, sure.
Hi SubhagGhosh, thanks for the detailed explanation.. have a good day
CB Says:
December 13th, 2010
Posted at: 7:40 am
I won't be able to respond to queries till evening as I am out of town and am traveling.
BNR Says:
December 13th, 2010
Posted at: 7:41 am
Hi CB, Good morning,
I had brought satyam @91 rs, Renuka @86rs and JSW energy @121rs few months ago,
but all of the above have fallen. What to do with these shares. I cannot wait for long now, please suggest me what to do...
Sanj Says:
December 13th, 2010
Posted at: 8:10 am
Hi SubagGosh, thnx for the market strategy.. i have 10 lots Nifty PE 5800 @ 100 .. and gathering from your analysis, looks like i'm scr***d :) .. any suggestions?
Thnx, Sanj.
SubhagGhosh Says:
December 13th, 2010
Posted at: 8:30 am
The market stratergy changes with time, my view on Nifty If nifty crosses 5885, next target will be 5940-5960, any movement above will take nifty higher.
If nifty crosses below 5820-5810, then we can revisit 5750.
Regarding your trade 5800 is closed on 74 on friday. Ist thing in morning u do it u close this trade. What next, if nifty falls below 5800, then buy put, or if nifty crosses above 5885 buy 5900 call ( not 6000 call, as max oi is standing here), it will cost u 105-110, for a target of 5940, i.e 135-140, if is crosses 596p, then u can see 200 in this call option in next couple of days.
Thanks and Regards
Subhag Ghosh
Sanj Says:
December 13th, 2010
Posted at: 8:44 am
Thanks Subhag .. for that encouraging strategy. Will try it today.
regards,
Sanj