Intraday calls for 14-05-12
Markets likely to open flat. Support for nifty is at 4890 and resistance at 4980.
Buy Mahindra & Mahindra above 658, target: 672. Stoploss: 646 – (Book profit in M&M at 669-670)
1.09pm – SL triggered in Jindal Steel & Power
For a technical view on Nifty, DLF and Jindal Steel & Power, click here.
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sona Says:
May 14th, 2012
Posted at: 9:19 pm
helo kartik...my query
micky-intrday Says:
May 14th, 2012
Posted at: 9:21 pm
HeyKartik, holding 2000 orchid @ 133 now @ 139 expecting 145 plus morrow is it possible or book and leave it :) ..
Also if we open gap down morrow can i grab some sesa for intraday ? Strides Acrolab worth going long morrow?
Deepak Bedi Says:
May 14th, 2012
Posted at: 9:24 pm
Hi SM... GE... How are you... Hope all's well!! Can I pick your brains on LT... Holding 6 lots of May 1000 PE @ 6.4... Didn't book today as LT was all over the place... Can you please provide exit nd stop loss levels?? Also your call on the Nifty after the recent selloff?? :)
ashok Says:
May 14th, 2012
Posted at: 9:48 pm
Hello cb
tomorrow shall i buy chettinad cement ? last couple of day it moving very fast. Any good news about the script?
Kb Trader Says:
May 14th, 2012
Posted at: 9:52 pm
heyyyyyyyy cbbb :)
Kartik Says:
May 14th, 2012
Posted at: 9:56 pm
Hi sona, sorry, it can see 1075 tomorrow, would advice to book on rise as Markets look weak for now
Hi micky-intrday, ORchid has been see huge selling pressure lately, would be better exit from it, avoid Strites Acro. Sesa can be shorted once it breaks 178
Hi ashok, not really sure of this one
Hi Deepak Bedi, reacted to its results today, hold the PE's for another 2-3 days with a SL a 1180, likely to see profit booking at higher levels tomorrow
Kartik Says:
May 14th, 2012
Posted at: 9:56 pm
Hi Kb Trader, GE
SM Says:
May 14th, 2012
Posted at: 9:56 pm
Hi Deepak Bedi, GE. I'm fine, thanks. Hope all is well at your end. The result of LT is looking good. But technically in downtrend. As of now, support exist at 1120-1125 levels. Resistance at 1220-1240 levels. As long as 1125 holds, can see some upside. Watch 1125 levels for some time after trading resumes tomorrow, and if that level holds, can think of exiting the PE. On the contrary if 1120 is taken out, your PEs' will fetch some good money. Nifty looks weak to me. In downtrend. Any upside will be an opportunity to initiate short. Its below 200DMA, and anything below 200 DMA is considered weak :)
bk Says:
May 14th, 2012
Posted at: 9:58 pm
Hi Cb,
good evening.
this month all the trading sessions were very loss to me. nearly 40 k loss.
still holding ashok lelland with nearly 20k loss.
any advise becoz today it has posted bad results!!!!!!
holding heromotocorp from 1950 level. pls suggest meeeeee
Kartik Says:
May 14th, 2012
Posted at: 10:00 pm
Hi bk, hold Ashok wit ha tight SL at 25 (strong support), if it breaks, enter PE's to hedge, Heromoto is seeing profit booking, exit from it
SM Says:
May 14th, 2012
Posted at: 10:01 pm
Hi Kartik, Did not get you. You told Deepak Bedi to hold LT PE with a SL at 1080 ???
CARE Says:
May 14th, 2012
Posted at: 10:05 pm
Hi SM, Come on.. please DON’T BE SORRY.It would not have been your fault at all . I had taken note of the levels ..And I saw the short covering rally In may ..It had opened higher and was caught in UC twice with in minutes .And there was no chance to short in MAY even if I wanted to .And I knew IT WAS EXPIRY DAY TODAY . But , from what I have noticed the [past 2 months ] it usually falls on the expiry day .There again u wouldn’t have been wrong…Cheer up and listen to your most cherished song http://www.youtube.com/watch?v=grOuo7CfrrA
But am looking forward to go short in from june series :p
THANK YOU
Kb Trader Says:
May 14th, 2012
Posted at: 10:09 pm
Hi Kartik, GE . ..
CARE Says:
May 14th, 2012
Posted at: 10:11 pm
OH mistake .. plz delete the message KARTK
bk Says:
May 14th, 2012
Posted at: 10:16 pm
ok. i will come out tomorrow.thanq.
SM Says:
May 14th, 2012
Posted at: 10:26 pm
Hi CARE, Thanks:) and the song.... :)
Meanwhile listen to this. I'm sure you have listened to this a number of times, but then again...
http://www.youtube.com/watch?v=izGwDsrQ1eQ&ob=av2n
Cardamom June : Very interesting pattern on charts. Forming a W pattern. If we take more timeframe, it looks like a M pattern. Basically, multiple tops at around 1350-1370 levels and double bottom around 1080-1090 levels. The trend can move either way. Until that happens, play the range (maybe, more than once) . While playing the range in this kind of formation, one word of CAUTION. Plz use strict SL and book quickly whenever you are in profits. Lets see what happens :)