Intraday calls for 14-07-14
Markets likely to open flat. Nifty has support at 7400 and resistance at 7620.
No pre-market call for today.
Thought for the day: The happiest of people don’t necessarily have the best of everything; they just make the most of everything that comes along their way.” – Karen S. Magee
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ibull Says:
July 14th, 2014
Posted at: 3:29 pm
On weekly candlestick charts Nifty has made a BEARISH ENGULFING pattern. Bounce can come and markets are expected to become choppy with a negative bias going forward. Take care of your trades :)
K K Says:
July 14th, 2014
Posted at: 3:32 pm
Hi raiju, nothing. Read message from iBull.
just relax.
Hi ibull, :-) :-)
Which lvels do you see this week ??
7393 / 7300 / 7200 ?
Taj Says:
July 14th, 2014
Posted at: 3:34 pm
Cb sir Ga sir bought 7500 ce @ 81 only lot where to exit tomorrow nifty opening view can nifty go 7600 share ur view got profit in pe nifty thanks sir ji
raiju Says:
July 14th, 2014
Posted at: 3:39 pm
ok dear.....
K K Says:
July 14th, 2014
Posted at: 3:45 pm
Hi Amit Senapati / Rohit S / atechsaavy / Abhishitha / Navin / vinay / RR - Only cash / Nirav Thakkar / raga ,
Thanks for your interest in receiving Future calls going forward. Before that I would like to understand about your trading style better. Please add [email protected] to discuss and understand better. I can be available online after 8 P.M.
- Single medicine to all diseases does not serve the purpose.
After understanding your trading style and trading activity over the months, I would like to give 1 or 2 calls per week in the forum and update my blog to get some gains in safe way.
ibull Says:
July 14th, 2014
Posted at: 3:47 pm
Hi K K, On weekly charts the last week high for Nifty was 7808.85 low was 7447.20. Range is roughly 360 points. Any bounce should be contained within this range going forward. Two week before the low was 7441.60. So Nifty has good support at 7440 levels. On daily charts, Nifty closed below 34 EMA on last Friday. Again not a good sign. Most probably it will close below 34 EMA today also. If so there will be two days close below 34 EMA.
But I am not expecting a one way journey south. Choppiness will continue and many stops will be taken out. I do not want to give lower target levels as PEOPLE WILL BE SCARED AS MOST OF THEM ARE HOLDING LONGS. Thats why I told to take care of trades.
If I am proved wrong that will be helpful to all people who hold longs :)
Lets see where we end up :)
ibull Says:
July 14th, 2014
Posted at: 3:56 pm
Hi K K, plz wait for CB to approve my post :)
atechsaavy Says:
July 14th, 2014
Posted at: 3:58 pm
K k pls tel about 1 lakh capital plan now
cvrprakash Says:
July 14th, 2014
Posted at: 4:19 pm
Dear CB / Other Experts
Can any one share your view on Market.
is this going to correct 100-200 points or its going to hit back 7800 again in coming days.
I am short in market, kindly suggest. Thanks.
TAPAN Says:
July 14th, 2014
Posted at: 4:58 pm
KK Sir, my name Tapan chakraborty I want to know how to calculated technical analysis I want to know my mob no 7209935080 my mail id [email protected]
K K Says:
July 14th, 2014
Posted at: 5:06 pm
Hi atechsaavy,
Hi TAPAN,
Look at my response @ 3:45 P.M.
Hi cvrprakash, Charts suggest that profit booking continues. Key support lvels to watch further is 7393 (7385 - 7400) Nifty Spot value. If broke this levels with volumes and stays below these levels, panic comes in markets and sees more correction towards 7300 / 7200 levls. One need to be cautious while going long at these levls.
cvrprakash Says:
July 14th, 2014
Posted at: 5:22 pm
Thanks KK. So I am continue to hold my short positions expecting at least 7300 this week.
What should be the stop loss you are sugesting
atechsaavy Says:
July 14th, 2014
Posted at: 5:23 pm
Sorry k k no such post at that time from u
Manyu Says:
July 14th, 2014
Posted at: 5:47 pm
Hi KK, can u explain 'SOLD BHEL 300 call @ 1.40 CMP 0.30' ?? ..You mean sell BELL for target 1.4 ?... Am new trader on options..
Gopal Says:
July 14th, 2014
Posted at: 5:53 pm
Hi Everyone,
Could someone please suggest any other website names other than Moneycontrol to get the advise to buy/sell shares?
Thanks in advance.
CB Says:
July 14th, 2014
Posted at: 5:57 pm
Sorry.. was travelling..
Hi cvrprakash, technically has support now at 7400 levels. if holds onto it, can bounce back from here
Hi ibull, yes, just did. was away
Hi Taj, seems may open a bit positive. hold it.