Intraday calls for 16-12-11
Markets likely to open flat, support for Nifty at 4680
Buy Jyothy Laboratories at 158, Target: 163, SL 154
To view technical analysis of DLF, IDFC, JSW Steel & Nifty – Click here.
3.00pm – Nifty has broken strong support at 4680. Avoid fresh longs for now. Technically Nifty can head lower to 4550 in coming days with strong resistance now at 4720
3.11pm – Book profit in JSW short at 504
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Kartik Says:
December 16th, 2011
Posted at: 7:40 pm
Hi sujoy chakraborty, Yes, Markets look weak overall, try to exit it on any rise and re-enter on dips
trade4444 Says:
December 16th, 2011
Posted at: 8:01 pm
Dear CB / Karthik,
2-3 good dividend paying companies ?
DJ Says:
December 16th, 2011
Posted at: 8:02 pm
Kartik
how much downside tata motors can c in nxt wk?on a bounce go short?
RAVS Says:
December 16th, 2011
Posted at: 8:07 pm
Hi CB,Kartik, Holding 5000 call at 100.Now it is 9. Should I average with huge quantity to reduce my buying price. Also can this contract go upto 30 by expiry
Kb Says:
December 16th, 2011
Posted at: 8:16 pm
Hi vishal, Good trade :)
DJ Says:
December 16th, 2011
Posted at: 8:24 pm
Hi KB
Ge...how does mkt look?i feel OverBOUGHT...needs another 300 points correction.
vishal Says:
December 16th, 2011
Posted at: 8:26 pm
thanks kartik and kb.
Kb Says:
December 16th, 2011
Posted at: 8:29 pm
Hi DJ, overbought.. no way.. might get a bounce.. its a sell on rise.
DJ Says:
December 16th, 2011
Posted at: 8:49 pm
Hey Kb
check the way of my writing OverBOUGHT.lol.yes very true,sell on rise.but seems market may open lower on monday
Kb Says:
December 16th, 2011
Posted at: 8:55 pm
Hi DJ, no one can predict .. its depends on global cues.. :DD
DJ Says:
December 16th, 2011
Posted at: 8:58 pm
Kb
u had asked me to carry shorts on tata motors,but i had to exit.can i short it on monday again on any bounce or dip?
Abdullah Says:
December 16th, 2011
Posted at: 9:39 pm
Hi vishal, GREAT. Patience pays rich dividends :)
Hi Kb, Sara sahar tumhe lion ke naam se janta hai. Where is bond ?
Hi DJ, GE. Yes, short on a rise
Jitendra Says:
December 16th, 2011
Posted at: 9:50 pm
hi KB @ so finally after all news flow ...market tank to 4650 .from 5300-5400 i was bearish on indian market . I got my target 4650 today and covered all my shorts .
Now next trigger will be Q3 results and as we all know there will be no good news .
Q1- can you suggest me some counters if there are some possibility for shorts ?
Q2- i want to start collecting 1 lot nifty at ever100 pts cut ( what is right time to start this) ?
Kb Says:
December 16th, 2011
Posted at: 9:53 pm
Hi DJ, did i ? don short it at this levels.
Hi Abdullah, hmm ... :PPPP . . add me in fb
CB Says:
December 16th, 2011
Posted at: 10:07 pm
Hi trade4444, add HUL, Reliance, Ambika cotton on dips
Hi DJ, it could test strong support at 160. for now don't go short on it. looks a bit strong
Hi RAVS, no. don't avg the call yet. nifty does look weak and could fall further. would advice to hedge with an out of money put for now. possibly 4500
Hi vishal, most welcome
DJ Says:
December 16th, 2011
Posted at: 10:11 pm
thx buddy
[email protected] @KB