Quotes with Resistance & Support
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Intraday calls for 11-04-14

Posted on: April 11th, 2014 at 7:25 am

Markets likely to open flat, support for Nifty at 6750

Buy CESC around 518, target: 531, SL 508 – (Book profit in CESC at 526.50)

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505 Responses

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  1. gk Says:
    April 12th, 2014
    Posted at: 9:18 pm

    Hi sudip monda

    If are holding them in cash , then you are also eligible for Dividend of around 20-25 % in aug /sept , that will amount to Rs. 32600@ 20% for 1630 shares of NTPC, so your net buying price drops , also if can hold them for more than 1 year , then you are also eligible for capital gains...

    Somebody can correct me if i am wrong , feel free


  2. Prathmesh Says:
    April 12th, 2014
    Posted at: 11:04 pm

    CB sir, any upper level for Greaves Cotton?


  3. ibull Says:
    April 12th, 2014
    Posted at: 11:31 pm

    Hi GK, GE. There is nothing like OI built by Big Players. Any player whether big or small can contribute for OI buildup. There is also nothing as OI on long side or OI on short side. What I mean is by looking at one day's OI will not tell you whether buyer or sellers were active at that stock. You have got to compare the OI with regards to price over a period of days to arrive at some kind of a conclusion. See the illustration below :

    Price |Open Interest |Interpretation

    Rising|Rising |Stock is Strong
    Rising|Falling |Stock is Weakening
    Falling|Rising |Stock is Weak
    Falling|Falling |Stock is Strengthening

    For your 6:25pm post let me tell you this : TataGlobal's huge OI of 21,418,000 does not mean anything unless you know what was the OI of TataGlobal on Thursday EOD. Also, look at the closing price of TataGlobal on Thursday and Friday and determine whether price did rise on Friday or fell on Friday compared to the closing price of Thursday.

    Then look into the table of co-relation between Price and OI which I have mentioned above in this post. You will definitely understand

    And if you dont, then study more about OI compared to price by searching the web
    Happy trading :)


  4. CB Says:
    April 13th, 2014
    Posted at: 12:31 am

    Hi GK, thanks for your kind comments. tata global does have strong support at 150-152 levels. its a hold for now. can bounce back from here.

    Hi Rajasekar, exit from relinfra and ntpc for now. others are a hold for now

    Hi rana, its a hold. does look good. can head upto 625 in coming days

    Hi JEYA, good evening. its a hold for short term. can test 115 again in near term

    Hi Raushan, yes, its a hold for now. does look good technically


    Hi Finfreak, yes, if balance in your account comes down to 0 after your positions going in loss, lot usually gets sold. if you have a word with your broker to continue to hold it, they make necessary adjustments and continue holding it

    Hi sudip mondal, its a hold for short term. can see 130-132

    Hi Rishikanta, yes, does look good. can head upto 192

    Hi Prathmesh, its a hold. can head upto 88


  5. rahul Says:
    April 13th, 2014
    Posted at: 12:38 am

    Hi cb sir, I've been following you past 2 weeks.. honestly doing well eva since.. n I am new to stock markets.. I do the intraday on the daily basis.. my investment as of now has been 20k on a daily basis.. I plan on moving ahead and maling it 1lakh on a now for intraday. I need your take on my decision. Im doing this to raise money for my education.. recently happened to lost job too since Dell went on a restructuring process..


  6. Venky Says:
    April 13th, 2014
    Posted at: 8:42 am

    Sir
    If Nifty trades above 6820-30 on 15th,can Adani enterprises cross 460-470 on 15 th april?Huge shorts were created on it.A short covering rally can take place or not Sir pushing it towards 460-470 mark?


  7. gk Says:
    April 13th, 2014
    Posted at: 10:10 am

    Hi ibull

    I know those things and rules ..but it never gave me a clear clue, we can do it practically for few scripts and check , what do you say...

    We can track few scripts, how about TGB, NTPC, Infy, DLF

    I feel the movement of price has nothing to with the volume in few cases...

    I have seen many a time, the increase in price rapidly for some scripts with less buyers and more sellers

    All this should be for understanding the markets more ..


  8. gk Says:
    April 13th, 2014
    Posted at: 10:18 am

    Hi rahul

    My suggestion is don't put in more money jut because you are made some good calls, you get carried with the profits you make and loose heavily at once and you put in more money to recover it and this goes on and you fall in to debt trap..

    Take out the profits and invest in good dividend paying scripts.

    Keep SL suggested by CB/Robotguy/Kartik and you should be ruthless about this even if it hits continuously ...because this saves your capital ( I dont use SL as I am in to Options as I know before entering the stock how much maximum loss I am going to take)

    CB sir gives suggestions purely on Technical s, I feel Robotguy on combination of Technicals, market movements and experience , its like you see this price movement daily and can judge fairly enough with other help of tools.... Just follow them blindly if you are doing day trading , they dont have to gain anything and are unbiased since they are doing this for free..I have seen many services giving both side calls to 50-50% people so they will be right 50% of the time and can make money by way of subscriptions...


  9. sham Says:
    April 13th, 2014
    Posted at: 10:23 am

    Sir, i have bought sunilhitec (nse 13246) @ 84, can i hold or exit and plez suggst sl also..


  10. gk Says:
    April 13th, 2014
    Posted at: 10:26 am

    Hi CB,

    Sir , Can we donate small amounts to maintaining this site....as I know there is good amount of cost involved in maintaining such sites...

    I request fellow users to consider this too...small amounts can add up to considerable chunk

    Guys , there is small Icon/button at the bottom of the page which we all might not have seen till now...its sooo down at the rock botton... I just filled it ...


  11. CB Says:
    April 13th, 2014
    Posted at: 11:55 am

    Hi rahul, sorry to hear about your job loss. would advice to continue looking for a new job. markets are not always tradable. in times of correction/ weakness in markets, making profit is a very tough job. you can always keep it as side income

    Hi Venky, yes, technically it does look strong. can see an upmove

    Hi sham, it does look good. hold it. can see 86 in near term.

    Hi gk, Good morning.. sure, its completely your call.


  12. PCS Says:
    April 13th, 2014
    Posted at: 12:52 pm

    CB Sir, What is you view on HFCL. Sir Shall I buy at CMP. For Short Term & Long Term Targets. sir Please Advice me.


  13. AJAXX Says:
    April 13th, 2014
    Posted at: 1:29 pm

    Hi CB and ibull,
    I am trying to learn this kind of things.I got one question hope you could help me.
    The OI of TataGlobal you mentioned is of Futures so for option i must check OI for each strike price or this future OI can be used for understanding the direction.


  14. jaikumar Says:
    April 13th, 2014
    Posted at: 1:35 pm

    hi cb,
    can i buy ongc 330 call. give level also. sslt shot term review..


  15. jaikumar Says:
    April 13th, 2014
    Posted at: 1:46 pm

    hi cb
    can i buy drreddy option call. if yes give level


  16. KVR PILLAI Says:
    April 13th, 2014
    Posted at: 2:53 pm

    Dear Experts, (CB/Robotguy/Kartik), I had invested in HDIL (one year back) & IDFC (three months back). As of now getting reasonable returns also. But HDIL is steadily moving up and IDFC has not shown any remarkable movement after declaration of the banking laicense. In the case of HDIL if we see Friday's stock price vs OI comparison stock price is moved up (3.2%) and OI has fallen (5.5%) . In the case of IDFC stock price has fallen (1.2%) and OI has gone up (1.9%) Kindly post your views on these two scripts. What should I do here ? Hold on further or booking partial profit or complete exit ?

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