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Intraday calls for 14-08-14

Posted on: August 14th, 2014 at 8:30 am

Markets likely to open flat. Resistance for nifty is at 7820.

If markets show weakness later during the day, sell: DLF below 192.

3.11pm – BTST- Buy Reliance industries at 1004.50, target: 1025. Stoploss: 993

Thought for the day: The superior man makes the difficulty to be overcome his first interest; success comes only later. – Confucius

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379 Responses

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Comment pages: 789101112131415Show all

  1. Ankit Says:
    August 14th, 2014
    Posted at: 12:40 pm

    Thanks K K Sir for your advice
    and please tell me at what level i should buy adani power .


  2. K K Says:
    August 14th, 2014
    Posted at: 12:40 pm

    Hi vijay,
    Please give more details of your holding and current prices of your holdings.
    It give much clarity.

    Hi Singh,
    TATASTEEL is holding 530 levels till this moment. 500 is out of money option strike at this point of time. As the stock moves between 530 - 536 today post results, premium decreased.
    As calculated and written in the blog, Nifty has tough going beyond 7777 levels. There would be a sell-off in the last hour. then it would see some gain in its premium. As of now, It could be a hold.


  3. K K Says:
    August 14th, 2014
    Posted at: 12:42 pm

    Hi Ankit, Around 51 - 46 levels can start accumulate the stock


  4. Singh Says:
    August 14th, 2014
    Posted at: 12:46 pm

    Thanks K K, Also noticed the news " Tata Steel reported a consolidated net profit of Rs 337.33 crore for the quarter ended June 30, down 70 per cent from Rs 1,139.01 crore profit in the same quarter last year, hurt by an impairment loss and higher tax expense. "

    Hope,correction is required on Nifty hence Nifty start downtrend and as well TS also started. Suggest is my understand is correct or not? Else,will hedge with another CE.


  5. frank Says:
    August 14th, 2014
    Posted at: 12:46 pm

    Hi K K, Hi KK... planning to invest in Adani power , for 6 months... shall i go ahead?


  6. K K Says:
    August 14th, 2014
    Posted at: 12:48 pm

    Hi frank,
    I would liek to wait till next week.

    Nifty would move either way today or next week.


  7. Singh Says:
    August 14th, 2014
    Posted at: 12:50 pm

    KK News on Tata steel: http://www.moneycontrol.com/news/results/tata-steel-q1-profit-plunges-70provision-higher-tax_1154784.html


  8. frank Says:
    August 14th, 2014
    Posted at: 12:52 pm

    Hi K K, Thanks.
    I will wait untill next week.


  9. frank Says:
    August 14th, 2014
    Posted at: 12:54 pm

    Hi K K,

    I feel , market will take a negative turn, can see 7740. Planning to enter in nifty 7700 PE.

    Your advise pls.


  10. K K Says:
    August 14th, 2014
    Posted at: 12:56 pm

    Hi frank, not sure of any at this moment.
    Nifty is in a narrow range since opening and looking for some breakout.


  11. Sharath Says:
    August 14th, 2014
    Posted at: 12:58 pm

    cb sir / kk sir
    can i buy ongc...cmp 406


  12. Nagarjuna Says:
    August 14th, 2014
    Posted at: 1:02 pm

    Hi KK, can we expect nifty break levels now


  13. Rajasekar Says:
    August 14th, 2014
    Posted at: 1:05 pm

    Hi K K, i m holding sunpharma 800ce@16 now 22 shall exit or wait pl tell me before market close


  14. Sandip Says:
    August 14th, 2014
    Posted at: 1:05 pm

    Market will cross 7800 level today..


  15. raja Says:
    August 14th, 2014
    Posted at: 1:05 pm

    hi kk,
    above 7766 mkt can upmove 7792,7827 acording ur blog
    so no can i take nifty ce


  16. K K Says:
    August 14th, 2014
    Posted at: 1:05 pm

    Hi Nagarjuna,
    May see 410 levels, If Nifty breaks 7785 levels (spot)

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