Intraday calls for 11-02-11
Markets likely to open flat, strong support at 5180
Buy Tata steel around 601 Target: 612, SL 590 – (we may have to hold tata steel for a day or 2 more. if looking strictly for intraday, keep sl at 578)
3.05 pm – book profit in LT (Swing call) at 1540
Nifty Index/Future Live Chart with RSI, MACD, Slow Stochastic – Click to view
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Bull Says:
February 11th, 2011
Posted at: 5:21 pm
hi Kartik , it has posted strong result.. so i took for delivery.. was asking can it touch 40 in a month ?
pankaj Says:
February 11th, 2011
Posted at: 5:42 pm
hello Sunil Rao. nice to see u here again after a break. if m not wrong u earlier devised an oscillator which gave quiet decent buy / sell signals.
adil Says:
February 11th, 2011
Posted at: 5:58 pm
hi cb bought kalindee rail @135 can hold till wednesday pls advise what should i do
Sunil Rao Says:
February 11th, 2011
Posted at: 6:06 pm
Good Evening Kartik, Nice to see you after a long time. :)
Hi shiva, Daily Decay in Options (theta) take place between 3-3:30pm. As for today the decay was -4.8. Next 2 days being a holiday, the decay would be -4.95 and -5.1 for saturday and sunday respectively. So, if Nifty opens at same levels on a positive note on Monday, the opening price would be about 10.05 lower.
Note: Option Trading is very risky where volatility also plays an important role. For example, if Nifty is strongly moving up and is at 5310 and call price is at 90, the same would be around 70 if Nifty is strongly moving down but and is at the same level of 5310.
Sunil Rao Says:
February 11th, 2011
Posted at: 6:08 pm
Hi pankaj, Thanks and same here. Yes, its the Price Wave Oscillator and I'm still using it.
Kartik Says:
February 11th, 2011
Posted at: 6:13 pm
Hi Bull, it looks weak below 30, above 30 it can do well
Hi Sunil Rao, yes, Good evening, hope you doing fine now
Hi adil, yes, hold it, it can add another 4-5%
Sunil Rao Says:
February 11th, 2011
Posted at: 6:24 pm
Hi Kartik, yes, I'm fine now and feel extremely lucky to have cheated death. ;)
Kartik Says:
February 11th, 2011
Posted at: 6:29 pm
Hi Sunil Rao, :)
ss Says:
February 11th, 2011
Posted at: 6:37 pm
Hi karthik i hold Diamines & chemicals 500 @ 92 and Kanpur Plastipacks 1000 @ 46. Till what time i need to wait to gain resonable profit & what target i can expect???
Kartik Says:
February 11th, 2011
Posted at: 6:53 pm
Hi ss, hold them for another 4-5 months time for decent profits
thavva Says:
February 11th, 2011
Posted at: 6:58 pm
Hi Sunil/Kartik/CB,
is it safe to enter 5400 or 5500 call on Monday? I'm almost in loss of 1.3 L since last I started trading recently though I learned a lot during this tenure;).
thavva Says:
February 11th, 2011
Posted at: 7:06 pm
Also, please suggest any two stocks for 2 to 3 months investment? I'm planning to invest around 50k for reasonable profit and low risk.
Pushpa Says:
February 11th, 2011
Posted at: 7:13 pm
Hi Karthik/Sunil Rao, can v go for a call on monday ?? till what level nifty can bounce back & at which level we can go for put option? thanx
Kartik Says:
February 11th, 2011
Posted at: 7:23 pm
Hi thavva, you may enter a single call on Monday if Markets manage to open flat, dont enter anything for Short/Mid term yet, Markets look weak below 5370
Hi Pushpa, yes, likely to add another 2-3% in the coming week
Aman Says:
February 11th, 2011
Posted at: 8:05 pm
HI CB/Kartik..
which call to buy on monday.. Call or CE r same thing..?
Sunil Rao Says:
February 11th, 2011
Posted at: 8:09 pm
Hi thavva, Pushpa, Personally, I prefer futures to options as its easier to exit them without loss even on failed trades. Try to enter Nifty calls / futures near 5280-5290 levels for targets of 5345, 5400 and keep strict stoploss @ 5235 on Nifty. You may re-enter calls, if Nifty breaks 5400 for targets of 5455, 5510.