sir entered bhel at at 293...wher to exit...

hi karthik . How is looks alok industries i bought 25 call today at .30 paisa . What ll price get . On budget rally ll come textiles sector . ?

Cb sir,
today earned profit in lovable twice by going long as well as short.but profit was less.i am able to buy at near support and short sell at near resistance but when it comes to profit booking then i keep a max 2 rupee gain due to fear of share trend reversing and for quick profit also.so pls tell me how to predict closing a position in share.for instance today i baught lovable at 384 and put a sell order at 359.9 but stock rose till 397.similarly afterwards i shorted lovable at 392.25 and placed a buy order at 391.but later share went down till 385.so pls tell me how to determin closing the position of share.usually i will analysze the share continuously for 15 min then will place a buy order at near support or 1 rupee lower then current range of share price,similarly for shorting i sell at near resistance or 1,2 rupee above the range in which share is moving.
same thing i did for igl today.can u pls reply?

CB Sir,
but i am not confident of running my profit to more than 2 rupee per share.can u suggest when to close position

Hi vipul07, hello my dear friend , For intraday , brokerage will be very much less like 0.02 , so strategy could be like this ,

Volatile Intraday trading Market - Keep profit points less to reduce the risk . Always be patient to enter near Support/Resistance (Minor) to take a small profit keeping some SL very less . Dont over trade in volatile market. Make some considerable profit and stay away and only watch market to study its performance . All ways all traders over trade to make use of the Volatility and ends up in Loss eventually loosing all profits.

Normal Intraday Market - You can keep some more points for profits.

Dont convert your intraday positions to Delivery if you are an intraday trader on leverage positions or on your capital. Doing trade as intraday will be fine and will help you understand market and taking small profits will make us beleive better. If you convert intraday trade to delivery you many not be able to keep your SL efficiently and intrady SL wont work for positional holding . If you have enough money in your trading account you cna but from my experience , I could say dont convert your intraday positions to delivery unless you get a strict advice from analysist.

Always try to learn some basic intraday technicals and try applying in as paper trade / trade in small qty and see whether your learning is up right then apply with confidence.

You are forced to book in small profits as like you said your example bcoz you are not confident on your own trading mehtods. Pls do paper trade with your own method and watch for some days and then apply. Every thing will be fine. Happy trading my dear friend .

Hi cvrprakash, I dont think its a good idea my frd..... Money likely to get blocked if you convert intrday to positional if not entered with technical knowledge. Holding indefinite time frame is not intended for a intrday trader. its short term trader concept.
Don't Mix up with that dear !
take care dude

CB sir, good morning. sgx is trading over 5550 now, expecting market may open over 100 pts gap up. can i buy nifty put on opening of the market?

CB Sir, thank you

i hve bfutiliti @750,200 shares and shopperstop @404.
What should i do now.