Intraday calls for 16-03-12
Markets likely to open flat. Support for nifty is at 5350.
Buy Pipavav Defence (NSE: PIPAVAVDOC) at 80.80, target: 83.20. Stoploss: 78 – (Book profit in Pipavav at 83)
1.14pm – Buy Bharat Forge at 334.90, target: 345. Stoploss: 328. (1-2 day hold) – (SL triggered in Bharat forge)
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ani Says:
March 18th, 2012
Posted at: 6:56 pm
Hi CB,
sir need som information...i purchased 5000pe and 4900pe @11.70 avg.....aftr the market was dwn by 62 points and close to 5300...stil thn the pe is dwn...its nw trading @8 fr 5000pe....and dnt knw abt 4900pe value....could you let me knw hw this is calculated....n if in this week the selling pressure will continue...will it make above 20 as an average....
Sohan Says:
March 18th, 2012
Posted at: 7:09 pm
Hello CB,
Can you please let me know your opinion if ITC can hold above 214 levels in near term.
It has given a breakout and may head to 224 levels again, let me know your view. I am not sure because high on 16 Mar was 225.
Sohan
nv Says:
March 18th, 2012
Posted at: 7:20 pm
will the markers touch 5000 this week ? or has it got support to hold 5100 given the negative sentiments foll
owing the budget
Kb Says:
March 18th, 2012
Posted at: 7:56 pm
Hi CB, crik@ . .. change the game :PPP
Hi Sohan, :)
Kb Says:
March 18th, 2012
Posted at: 7:57 pm
Hi Sohan, cb will help u .. i donn have charts now.
Sohan Says:
March 18th, 2012
Posted at: 8:14 pm
Hello KB,
Thanks,
Cric match is going fine too, i have decided to watch it through now,
Sohan
CB Says:
March 18th, 2012
Posted at: 8:21 pm
Hi abhinav, if you are using a credit card to pay, it automatically converted to $'s, Rupee seems may trade weak ahead
Hi sunny, GE, :)
Hi Sohan, most welcome, continue to hold ITC for some more time, keep a trailing SL at 210
Hi ani, it seems you entered in the last few mintues of the trade, the close is calcuated using the avg of the last 30 minutes from 3-30pm
Hi nv, likely to take a pause around 5250-5300 for a few days
Hi Kb, GE, :D
DJ Says:
March 18th, 2012
Posted at: 9:21 pm
Hi Buddy
GE,going long tmrw at the opnening or going short on a rise will be better?can jp be shorted on any rise?
ani Says:
March 18th, 2012
Posted at: 9:44 pm
Hi CB,
no sir i purcahsed on thursday....nd tat time nifty was @5400...n the pe price was 11.70...but aftr tat market was dwn on friday...it was on 8rs....
SM Says:
March 18th, 2012
Posted at: 10:11 pm
Hi DJ, GE. I believe, the full impact of Budget is not been discounted by the markets on Friday. Sat & Sun provided the much needed time to interpret the Budget fully. The real impact will be felt on Monday. There is not much for the markets in the Budget. Hence, more downside can be expected, I believe. Watch 200 DMA of Nifty very closely. Its better to wait till end of Monday to take a fresh stance. Personally, I expect a gap down at opening on Monday, but I may be very very wrong also. Better to wait till Tuesday before initiating anything...
sdkbest Says:
March 18th, 2012
Posted at: 10:19 pm
Sir, Can I go long with APIL 2morrow?at what level?pl advice.
Thnx
DJ Says:
March 18th, 2012
Posted at: 10:34 pm
Hi SM
VGE bro...u r quite right abt nifty tmrw.but mkts always go against the normal reading.so i feel mkt will surprise again.i dont ve any idea abt charts and technicals so i might be 100%wrong.but i am feeling nifty will close in green tmrw and shorts will start getting covered once europe opens.
CB Says:
March 18th, 2012
Posted at: 10:36 pm
Hi DJ, yes, can short on rise. sl near 5360
Hi ani, yes, since its an out of money call, it needs nifty to correct by another 100-150 points to see some buying interest come in
Hi SM, Good evening
Hi sdkbest, yes, can enter it tomorrow. strict sl near 366. can add 8-10rs.
SM Says:
March 18th, 2012
Posted at: 10:46 pm
Hi CB, GE :)
Hi DJ, yes, its true that mkts go against normal readings. See, you are talking about tomorrow's closing whereas I talked about opening. Again I say, better to wait till Tuesday. I believe, no hell will break loose if you (or we) do not trade on Monday. Is not it? Think pal :)
mukul Says:
March 18th, 2012
Posted at: 10:46 pm
Hi CB,
Holding ONGC 280 CE @ 4 and CAIRN 260 CE @ 4.2 for tomorrow...please suggest...
SM Says:
March 18th, 2012
Posted at: 11:04 pm
Hi DJ, What I meant to say is TAKE A TRADING HOLIDAY. Now, this will make you feel better :)
http://www.youtube.com/watch?v=UBzd79EGxng
Hi CB, Enjoy what is there in the above mentioned URL. You will again agree with me. Its a CLASSIC :)