Intraday calls for 14-01-11
Markets likely to open flat, Strong support for Nifty at 5700, resistance at 5860
Buy Nelcast at 111, Target: 116, SL 107 (book at 118)
12.09pm – buy sbi at 2568 target: 2590. Stoploss: 2545
Nifty Index/Future Live Chart with RSI and MACD – Click to view
SMS Alerts, no more page refreshes required
608 Responses
{ ADD YOUR OWN }Leave a Reply
Subscribe to Comments feedLatest Query
- by Sam
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
Gauri Says:
January 16th, 2011
Posted at: 11:58 am
Hi CB,
Cb even bought RIL @ 1000 what can be target for coming days ? will it move upwards or more downside is left pl. reply?
CB Says:
January 16th, 2011
Posted at: 12:02 pm
Hi Gauri, yes, its a good bet. hold it. can see 1100. has support at 970-1000
Gauri Says:
January 16th, 2011
Posted at: 12:03 pm
Hi CB,
thanks a lot CB !!! r u online today i want to ask more queries dont get tomuch time on week days joined job last month, so can atleast take decesions regarding entrering any stock after discussing with u
CB Says:
January 16th, 2011
Posted at: 12:06 pm
Hi Gauri, ok... sure, I shall be going out for some time now. you can email them to me at [email protected] and I shall reply once I am back.
Gauri Says:
January 16th, 2011
Posted at: 12:07 pm
Hi CB,
Thanks will sure mail u :)
Venkatagee Says:
January 16th, 2011
Posted at: 1:43 pm
Hi CB
Can we short Kotak Mahindra Bank and Bank of India on Monday?
SubhagGhosh Says:
January 16th, 2011
Posted at: 2:02 pm
Nifty (5654) is clearly in downtrend, and has closed below 5750.Nifty has fallen by 542 points in last 10 days, and was unable to cross 38.2 % of retracement.
As I have already mentioned in by 13Jan post on niftyfutureandoption.blogspot.com/2011/01/market-analysis-and-trading-stratergy.html and nseguide.com, the market is week and you should short nifty keeping a sl of 5882 for a target of 5600, the market unfolded in the expected way.
5600 call saw a huge writing with open interest raise by 457 % and price falling by 40 %.Max put build by is seen at 5600 with 88 L contacts in open interest.
200 sma is 5605, and market is expected a support from 5600.
Nifty is expected to bounce at least by 20% to 38.2% of the fall, i.e 5747 to 5846 in comming week.This time should be utilized to liquidate long position and create fresh short for a target of 5500-5350 in coming month.
I will personally short nifty on every rise, keeping a stoploss of 5882.
Stratergy only for monday is based on bounce back, as the market is clearly oversold and huge call writing has been seen, can expect a short covering.
1. Buy 5700 call for a target of 100+, SL 5595 nifty spot.
2. Buy Nifty future at current level, sell 5800 call and buy 5600 put. Book profit in the zone of 5750-5800.
Thanks and Regards
Subhag Ghosh
CB Says:
January 16th, 2011
Posted at: 2:09 pm
Hi Gauri, thanks
Hi Venkatagee, its near support level as of now. don't short it yet
Hi SubhagGhosh, thanks for the detailed analysis.
MICKY Says:
January 16th, 2011
Posted at: 2:11 pm
Yes kb have a adsense frm many days...also v commisions
MICKY Says:
January 16th, 2011
Posted at: 2:22 pm
Hey Cb
what is T2t can u explain in detail plz
MICKY Says:
January 16th, 2011
Posted at: 2:24 pm
also tell me abt lorad chemicals
CB Says:
January 16th, 2011
Posted at: 2:53 pm
Hi MICKY, stocks in T2T segment cannot be bought for intraday. they can be bought only for delivery. not sure of lords chem. its rallied quite a bit
Punit Says:
January 16th, 2011
Posted at: 3:45 pm
What is target on sort and long side of SBI For This Jan Expiry?
CB Says:
January 16th, 2011
Posted at: 4:22 pm
Hi Punit, on the short side it can see 2450. if markets improve a bit, it can head upto 2650
animesh Says:
January 16th, 2011
Posted at: 4:56 pm
HI CB,
Wat to do wid my nifty 6100 call....purchased @13.....shld i wait fr next week to overcome it...at wat price shld i exit/.....
any call or put fr feb...
regds
CB Says:
January 16th, 2011
Posted at: 5:06 pm
Hi animesh, yes, try and exit on any rise for now. 6100 in this expiry seems a bit unlikely as fo now . no new call yet.