Intraday calls for 17-06-13

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Intraday calls for 17-06-13

Posted on: June 17th, 2013 at 8:27 am

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Markets likely to open flat. Support for nifty is at 5740 and resistance at 5860.

Buy Lupin at 783.5, target: 798. Stoploss: 770 – (Book profit in Lupin at 798)

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227 Responses

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Comment pages: 7 8 9 10 11 12 13 1415Show all

nishant Says:
June 17th, 2013
Posted at: 9:09 pm
hi cb
can i buy videocon and union bank for one week
Kartik Says:
June 17th, 2013
Posted at: 9:57 pm
Hi Ankit Chanda, seems unlikely, we have seen some short covering lately, hold your CE with a SL at 5820 (cash)
Hi nishant, no, dont enter them yet, wait for some time
PK Says:
June 17th, 2013
Posted at: 10:00 pm
Sir my query pending...
Can I enter in SBI 2150 ce for tomorow sir
Ratheesh Says:
June 17th, 2013
Posted at: 10:12 pm
Hi,i am holding apollo tyre @ 70, any chance to come this level in this week.
Ankit Chanda Says:
June 17th, 2013
Posted at: 10:19 pm
Hi Kartik, OK SIR....THANKS.....
Kartik Says:
June 17th, 2013
Posted at: 10:20 pm
Hi PK, its likely to see some more profit booking ahead, dont enter it now
Hi Ratheesh, looks weak, could give a bounce upto 65-67, try to exit it on rise
Venky Says:
June 17th, 2013
Posted at: 10:26 pm
Sir
Holding Hindalco shorts.Tmrw exit or hold Sir?
Dathha Says:
June 17th, 2013
Posted at: 11:34 pm
Dear sir,was going thru chart patterns,and i found a HAMMER pattern in dlf..no upper wick..closed at days high...does it show bullish signal?? please correct me
Dathha Says:
June 17th, 2013
Posted at: 11:44 pm
SIR,generally if market ends higher,then definitely index scrips show a hammer in their pattern..i.e no upper wing,end at days high..then it doesnt necessarily show reversal of trend rite?? so how to understand dis.again if next day markets open lower then it may go down..then it signifies no meaning for dat hammer pattern..m in confusion.please help me out sir..my email [email protected]
CB Says:
June 18th, 2013
Posted at: 12:00 am
Hi Venky, its a hold with sl at 105.50. strong resistance here. can test 100-101 again
Hi Dathha, yes, but has strong resistance at 4 day high at 192. if crosses 192, can see an upmove. no, in such cases it is not always a reversal in trend. if a stock is oversold and turned weak technically, it usually sees short covering to some extent before selling pressure resumes on rise again. for trading its best to go with stocks making fresh 3-5 month highs with more than avg volumes. double top/ triple top/ flag breakouts
Dathha Says:
June 18th, 2013
Posted at: 12:25 am
Thanks for ur explanation sir,one last question..how can we observe that their is short covering happening??
it is observed that there are almost equal number of puts and calls in dlf..how can we anticipate the movement of stock by observing calls and puts?
what do you mean by "Technically weak"..? becoz oversold can be found by rsi..how about other indicators to find its technically weak..other than rsi and ma..Please answer sir
CB Says:
June 18th, 2013
Posted at: 12:28 am
Hi Dathha, most welcome. you can figure that out with the help of open interest. hope the table at the bottom of this page helps: http://nseguide.com/what-is-open-interest/ . stocks making fresh year lows, triple bottom breakouts or trading below 200dma are usually considered to be weak
Dathha Says:
June 18th, 2013
Posted at: 12:47 am
sir,does open interest increase or decrease wen short covering is happening?
CB Says:
June 18th, 2013
Posted at: 1:34 am
Hi Dathha, during short covering, price goes up and open interest decreases. hope this helps: http://www.chartscorner.com/open-interest/
shahid Says:
June 18th, 2013
Posted at: 8:50 am
buy BHEL TGT is 190.92 stop loss 179.50