Intraday calls for 15-06-12
Markets likely to open slightly higher. Resistance for nifty is at 5130 and support at 5000.
Buy Havells India at 540, target: 552. Stoploss: 533
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Robotguy Says:
June 16th, 2012
Posted at: 12:16 pm
Hi CB, Can u pls tell me which one is bearish out of ACC and Ambuja Cement. I want to do pair trading on these on Monday.
Robotguy Says:
June 16th, 2012
Posted at: 12:22 pm
Hi ARCHANAREDDY, GA, Hv u got any open position ?
Robotguy Says:
June 16th, 2012
Posted at: 12:46 pm
Hi all, Important events this week
US
• May Housing Starts MOM% (19 Jun)
• May Building Permits MOM% (19 Jun)
• FOMC Rate Decision (20 Jun)
• May Existing Home Sales MoM (21 Jun)
India
• Food Articles WPI YoY (21 Jun)
• Primary Articles WPI YOY (21 Jun)
• Fuel Power Light WPI YoY (21 Jun)
China
• Actual FDI YoY (14-18 Jun)
• MNI June Flash Business Sentiment Survey (22 Jun)
• HSBC Flash China Manufacturing PMI (22-25 Jun)
Euro Zone
• June Euro-Zone Consumer Confidence (20-23 Jun)
• Jun PMI Manufacturing (21-24 Jun)
piyush Says:
June 16th, 2012
Posted at: 12:50 pm
halo all , halo CB sir,
whats ur views on fresenius cabi oncology and shalimar paints for short term .....
yesterday shalimar paints was shifted to T group in nse, does it mean its now in down trend??
shud i hold or exit.....
thnx
Aman Says:
June 16th, 2012
Posted at: 1:11 pm
Hi CB/Kartik..
Any stoploss for Mastek..
SM Says:
June 16th, 2012
Posted at: 1:42 pm
Hi Deepak Bedi, GA. Yes, its been a while. I'm fine, thanks... hope you are too.
TataSteel 440 CE : OI reduced while price went up. Its trading higher than its VWAP which is 2.88 as of now. Also, the implied volatility is higher for this CE than the annualised volatility of the underlying security. All these data suggest that you take some caution. But as long as traded price remains above its VWAP, great. Otherwise can be dicy. Technically TataSteel is moving in a range between 405 to 420. If crosses 420 the next resistance will be 432. Only when 432 is taken out we can think of 440. Till then your CE will be OTM and will lose theta value faster with each passing day. You can keep a SL of 405 cash levels and try to exit on any possible bounce. Also, there are some key Global and National events lined up in the next couple of days which can have huge impact on the market as a whole. If so, then technical levels can be easily overwhelmed :)
SM Says:
June 16th, 2012
Posted at: 1:57 pm
Hi piyush, Moving any share to the T group does not necessarily mean that share will be in downtrend. Fresenius Kabi has support at 85 levels but in downtrend. Shalimar Paints is also in downtrend in short term. It will be better to avoid going long in both for short term
SM Says:
June 16th, 2012
Posted at: 1:58 pm
Hi piyush, if you hold any of these two, try to exit on any possible bounce
Robotguy Says:
June 16th, 2012
Posted at: 2:00 pm
Hi SM, GA,What is your view on Ambuja Cements and ACC ?
SM Says:
June 16th, 2012
Posted at: 2:19 pm
Hi Robotguy, GA. Ambuja Cements has broken resistance zone of 154-155 and since then its a parabolic rise. Though it can cool off a bit but shorting it now may not be a good idea. If this rise continues, then around 175 levels risky shorts can be initiated with SL 183. On the reverse on can go long on a dip with a SL of 153. For Acc, one can enter long on a dip towards 1200 levels. All cash levels
Robotguy Says:
June 16th, 2012
Posted at: 2:28 pm
Hi SM, Thank u so much, then I will better buy Ambuja Cements / ACC at dips.
SM Says:
June 16th, 2012
Posted at: 2:30 pm
Hi Robotguy, you are most welcome. But as Ambuja looks dicy, can consider ACC on dips :)
Aman Says:
June 16th, 2012
Posted at: 2:32 pm
CB how to authenticate the flag pattern move..
Flgs are sometimes not so clear..
SM Says:
June 16th, 2012
Posted at: 2:36 pm
Hi Robotguy, Also, have a look at this:
http://www.moneycontrol.com/news/stocks-views/cautiousambuja-cement-acc-sp-tulsian_718519.html
cerulean Says:
June 16th, 2012
Posted at: 2:37 pm
Hi CB, GA Hi SM, Good one :] knowing KB , he is sure to watch and enjoy !!!!
Next week will be mainly trades in crude .. let's see.
Everyone here enjoy the week end and the monsoon !
SM Says:
June 16th, 2012
Posted at: 2:40 pm
Hi cerulean, GA. Thanks. Yes will keep an eye on Crude. You too enjoy the weekend and the monsoon :)