Quotes with Resistance & Support
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Intraday calls for 17-09-12

Posted on: September 17th, 2012 at 8:27 am

Markets likely to see a gap up opening. Resistance for nifty is at 5625.

Sell Larsen & Tubro on rise.

1.20pm – Buy HDFC Bank at 611, target: 624. Stoploss: 600 (1-2 day hold)

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813 Responses

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  1. CB Says:
    September 17th, 2012
    Posted at: 6:48 pm

    Hi Be!ng Human, most welcome.


  2. subramani Says:
    September 17th, 2012
    Posted at: 6:52 pm

    Hi CB,
    I have tatamotors 270 put option. since jlr sales is down. Any chances that it will go down below 270?


  3. CB Says:
    September 17th, 2012
    Posted at: 7:01 pm

    Hi subramani, yes, can see 272-273. hold for now.


  4. Akash Says:
    September 17th, 2012
    Posted at: 7:08 pm

    Hi Robotguy, Thanks. I can understand that making 100% profit every day is not possible but my problem is that I have lost too much that I want to cover in one day.. Not able to get out of this feeling that it will not be possible at all.. I feel more bad especially if I sell some call and that went really high.. Like I sold 5500 CE at 65 avrg price and it went to 170+ today... Now I consider this 100+ loss/lot. My initial plan is to make 20-25k profit so that I can buy the shares which I had to sell due to loss in Intraday and then only I can tell my family that I still have Demat account running.. As of now, they know that I lost password and my old bank account is no longer in use so I cannot do anything in market..

    I wish I had made some profit in 5500 CE but due to my foolishness, I sold it too early.. Now I want to ask you if it is good to hold 5500 PE and if so then for what reasonable target.. I wish it can see 100+ but may not be possible.. Being Human mentioned to buy Oct PE so shud I sell PE for Sep and buy Oct one?

    I also felt very bad today that Pantloon 220 CE was at 0.40 in the morning and then it hit 4.20. I wish I had bought that in the morning instead of CE/PE. Same happened with Jindal Steel CE also which was around 2-3 Rs. on Friday and today it was at 30+.

    I want to have one such call so that I can take some out money and think properly to invest instead of buying and selling like a mad person... Please help me.. I rely on you, SR and CB greatly...

    Due to very limited capital, I cannot recover the loss in 10 years also if I continue to invest such a small amount.. . I shud have min 1 lakh Rs. to make some profit.. But unfortunately I don't have.. Pls help me to make some big profit..


  5. aa Says:
    September 17th, 2012
    Posted at: 7:09 pm

    Hi CB, I am facing huge loss in puts. can i average some more puts at this point in order to recover loss.


  6. Akash Says:
    September 17th, 2012
    Posted at: 7:09 pm

    Hi CB, Pls see my msg above and help me.. Hold PE for some good target like 60-70 or exit and buy PE for oct or any stock CE/PE or 5800 CE.. Pls help me.. Wht to do?


  7. Nall's Says:
    September 17th, 2012
    Posted at: 7:17 pm

    Hi CB,
    Idea cellular 80 pe bought 1.25 two lots....Unitech 22.50 Pe bought 1.20 3 lots
    Idea got 300 crores fine Even Unitech some problem for them...but still going up
    Please suggest me book loss or hold at least for my trgt... tnx lot


  8. RT Says:
    September 17th, 2012
    Posted at: 7:18 pm

    hi cb tomorrow dishtv target


  9. ani Says:
    September 17th, 2012
    Posted at: 7:33 pm

    Hi CB and SR and Karthik,


    sir holding 4 lots of 5500pe@28 and LT [email protected] nifty PE hit 25 and LT pe hits @20....but didnt sold...as in spot it was not close to 5560 n 1525 mark...

    please tel me...wat will be my strategy fr tmrw...n wat price both the pe will yield....stoploss and target price.....

    and holding Hotel leela 500 [email protected]....


  10. Kartik Says:
    September 17th, 2012
    Posted at: 7:48 pm

    Hi aa, can be averaged, keep a tight SL at 5630 tough

    Hi Akash, trading in options is always risky and one cant be 100% sure of markets, for now tough we look strong, but at the same time we also look overbought and some profit booking is expected, would be better if you entered in Stocks for Short/mid term, for now keep a SL at 5630

    Hi Nalls, they seem to be reacting to the strong Markets, hold Idea with a tight SL at 87.5 (strong resistance), hold Unitech with a SL at 23.20 (cash)

    Hi RT, can see 79.5

    Hi ani, we can see some profit booking in the mentioned stocks tomorrow as they look overobught, keep a SL at 530 for Nifty PE tough, hold Hotel leela with a tight SL at 29 (it looks weak overall)_


  11. Sunil Says:
    September 17th, 2012
    Posted at: 7:49 pm

    Hi Akash, ok dont worry about your loss, keep in mind any big news ahead dont short any options pls track global market calender, enter any stock only after breakouts( flag,double top) with good volume, wait for good opportunity, dont try to trade every trade, and place strict stop loss with favorable risk reward ratio.Ask SR and CB before entry, work hard and try to learn logic in market.


  12. aa Says:
    September 17th, 2012
    Posted at: 7:52 pm

    Hi Kartik, thank you a lot kartik. will do as you suggest.


  13. Munna Says:
    September 17th, 2012
    Posted at: 7:56 pm

    Hi Kartik, Shorted DLF @ 229 and RELCAP @ 370. Pls advise how thes will trade tomorrow.


  14. Sunil Says:
    September 17th, 2012
    Posted at: 8:02 pm

    Hi Akash, Nifty cont go below 5500 in this series so 5500pe not a good strategy and also only 8 days rem in this expiry. So square off your all longs and shorts and stay away from market for a day and then Reenter with proper guidance from CB and SR.
    Stop loss is must keep it in mind.


  15. subramani Says:
    September 17th, 2012
    Posted at: 8:23 pm

    Hi Kartik,
    I have gail 380 ce,Nifty 5600 ce of sept series and nifty 5600 pe of oct series. where is the stoploss for nifty call option?


  16. Ravichandran Says:
    September 17th, 2012
    Posted at: 8:32 pm

    HI CB/KARTIK/SR/KBTRADER/ROBOTGUY/IMRANKHAN AND ALL GOOD NIGHT,TAKECARE,BYE..........

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