Intraday calls for 14-09-10
Markets likely to open flat. Resistance for nifty is at 5800 and support at 5730
Buy Rane (Madras) Ltd at 149.60, target: 155. Stoploss: 146
Trade in small quantities.
10.01am – Buy Vardhman Polytex at 71-71.55, target: 74. Stoploss: 67 – (Book profits at 74)
1.09pm – buy technocraft industries at 74.10, target: 77, Stoploss: 71.50 – (book profits at 77.50)
1.55pm – buy tcs at 893, target: 905. Stoploss: 883 – (continue to hold for BTST, Target: 905-908)
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Santhosh Says:
September 14th, 2010
Posted at: 6:36 pm
Will Satyam Gain some value tomorrow? It has been going down for the past 2-3 days.
Rahul chopra Says:
September 14th, 2010
Posted at: 6:39 pm
Hi CB, sir ji.. see my bad luck for today..bought ashok leyland @ 75 few days back..u told me to exit it from now as it is facing resistance @ these levels....i placed the bid today @ 75.50... but as usual after my bid..it runs lyk sitting on bull....78.25 :(
so wht u think it seems to be a volume breakout ...chance to re-enter.???
SunilRao Says:
September 14th, 2010
Posted at: 6:47 pm
Hi Kb, Nifty has been rising with increasing volumes for the last 4 trading sessions and has even managed to break strong resistance @ 5680 levels and is currently very bullish. This major upmove has resolved the factor of low volatality. if Nifty closes above 5800 this week, we may see very volatile markets in the coming days but major downside may not be expected. Nifty may test 5920-40 levels in near future and if it breaks it, we may test 6100 and 6260 levels in coming days. Nifty has major supports @ 5620, 5460 and 5300 levels.
Tomorrow's view:
Nifty today closed positive with rising volumes but traded well above the 3-day EMA from open to close. As such, we may trade flat with marginal gains / losses tomorrow.
R: 5813, 5859, 5906
S: 5766, 5720, 5673
Kb Says:
September 14th, 2010
Posted at: 6:53 pm
US retail sales increased
AR Says:
September 14th, 2010
Posted at: 6:55 pm
Can it see 96 by this weekend???????
Kb Says:
September 14th, 2010
Posted at: 6:56 pm
Hi SunilRao, hmm. .. vix at 18.14 now.. . how we can forecast that volatility will come ???
CB Says:
September 14th, 2010
Posted at: 6:57 pm
Hi animesh, hold them for a weeks time.
Hi Sandipan, no signs of a bit correction yet. can see profit booking upto 5700-5750
Hi Santhosh, yes, can add 2-3rs if markets are flat/positive
Hi Rahul chopra, oh ok. yes, did give a breakout today. enter if nears 76.can see 80-82.
CB Says:
September 14th, 2010
Posted at: 6:57 pm
Hi SunilRao, thanks
Hi Kb, yes
Hi AR, yes. likely to
zsagar Says:
September 14th, 2010
Posted at: 6:57 pm
Hi Kb, So ok can we see a little downside as the dow futures are a little bit -ve ?
Kb Says:
September 14th, 2010
Posted at: 7:02 pm
Hi zsagar, Noo.. some profit booking may come ... but no signs of reversal ..
Kb Says:
September 14th, 2010
Posted at: 7:08 pm
Hi SunilRao, Hmm.. thanks ..
raja m Says:
September 14th, 2010
Posted at: 7:09 pm
Hi CB, your advice on First source solution,which I have for more than 2 years,
hold or recommend to exit?
SunilRao Says:
September 14th, 2010
Posted at: 7:13 pm
Hi Kb, We can forecast that volatality will come due to the fact that the trading band has increased with this recent upmove. Even near supports are about 200 points lower and other supports much lower. so a 150-200 point move could be possible on any day, without having any impact on the trend.
Hi CB, Most Welcome.
CB Says:
September 14th, 2010
Posted at: 7:24 pm
Hi raja m, its a hold. facing resistance at 28-29. will do well once crosses it. its a hold for now.
Kb Says:
September 14th, 2010
Posted at: 7:24 pm
Hi SunilRao, hmm .. thanks .. nice ..
raja m Says:
September 14th, 2010
Posted at: 7:25 pm
Hi CB,thanks indeed.