Intraday calls for 13-09-12
Markets likely to open flat. Support for nifty is at 5340.
Buy Pantaloon Retail at 151, target: 157. Stoploss: 147 – (Sl triggered- can continue to hold for 1-2 days)
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venkata Says:
September 13th, 2012
Posted at: 3:44 pm
Hi Sir my query:
Hi SR/CB
I have bought airtel 260 sept CE @4.60. Please suggest what to do? can I hold or exit in loss?
SR Says:
September 13th, 2012
Posted at: 3:45 pm
Hi Aabha, Trading in F&O is always risky. But you may start taking positional calls in small quanties to start with.
Hi bullguy, I'm fine. MCX is a recent scrip and does not enough past data for technical analysis. But fundamentally a strong scrip. And with the news of it starting equities, indices and their derivatives should likely do well.
piya Says:
September 13th, 2012
Posted at: 3:51 pm
hey aabha....
do u trade in options only???
SR Says:
September 13th, 2012
Posted at: 4:00 pm
Hi NH, Regarding your previous query about market range of 5300-5600. Nifty has currently 3 possibilties from here.
1. Nifty heads above 5500 and then see profit booking to below 5400 levels.
2. Nifty sees a correction to about 5370-80 levels and then heads above 5500 levels before expiry.
3. Market consolidates at current levels.
Looking at the momentum in the market. Option 3 is not likely. The other 2 options are possible. But considering the fact that the 5500CE is not only sustaining their premiums, but even gaining on without much substantial rise in Nifty indicates the possibility of Option 1 as most likely.
Raasi Says:
September 13th, 2012
Posted at: 4:05 pm
Today is my worst day in trading.. :( I have been trading since 1yr never had a day like this :(
NH Says:
September 13th, 2012
Posted at: 4:08 pm
Hi SR - Thank for making me understand the logic. But, one more doubt. 5300 pe has the highest piled up OI (10,334,450) and the change in OI is +822,600. How to judge this?
Rani Says:
September 13th, 2012
Posted at: 4:10 pm
Hi Aabha, Be careful.Now your losses are small.In F & O, losses can be very high.
Kartik Says:
September 13th, 2012
Posted at: 4:20 pm
Hi Raasi, sorry to hear that. hopefully will recover the losses soon
Hi venkata, hold ce for now. keep sl at 250. can expect some bounce from here
Hi PK, no, nothing new yet
Hi nilam, titan ind above 242 can head upto 255 in near term. aixs looks a bit weak. try and exit on any bounce for now
Hi SaiPalanivel, yes. very flat today
SR Says:
September 13th, 2012
Posted at: 4:24 pm
Hi NH, Most welcome. Bigger players of the Market write ATM and OTM options instead of buying them and hold them till expiry to gain its full value. Selling options give bigger players the advantage of decay with time to their favour. Moreover Selling options generates cash flow in advance which is used to fund other trades.
SR Says:
September 13th, 2012
Posted at: 4:31 pm
Hi Kartik, Good Evening :)
Kartik Says:
September 13th, 2012
Posted at: 4:32 pm
Hi SR, good evening.
piya Says:
September 13th, 2012
Posted at: 4:35 pm
hii kartik..
can v expect more down movement of axis???
subodh Says:
September 13th, 2012
Posted at: 4:37 pm
Hi SR, there are some announcement of FED reagrding quantative easing...it will have some effects on Dow Jones and inturn this effects Nifty
nilam Says:
September 13th, 2012
Posted at: 4:37 pm
in how many days can titan move up sir
Kb Trader Says:
September 13th, 2012
Posted at: 4:47 pm
Hi Raasi, will post tomorrow.
CA.Tejas Says:
September 13th, 2012
Posted at: 4:54 pm
What tgt can b seen in Voltas??