Intraday calls for 19-08-11
Markets likely to open lower
If Markets show recovery later, buy BHEL
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palanivel Says:
August 20th, 2011
Posted at: 1:26 pm
Thanks CB SIR.
Sunil Rao Says:
August 20th, 2011
Posted at: 1:41 pm
Hi CB, Good Afternoon, I've been good. Shifted my residence and had to get a lot of issues sorted out (mainly my broadband, power and generator). All done, I would back to trading from Monday. How have you been?
gayaram Says:
August 20th, 2011
Posted at: 1:42 pm
Hi Sunil Rao Not seen for a very long time. How hav u been?
Sunil Rao Says:
August 20th, 2011
Posted at: 1:43 pm
Hi gayaram, I've been good. How about you?
Sunil Rao Says:
August 20th, 2011
Posted at: 1:48 pm
Nifty Outlook:
The current scenario of Nifty looks extremely interesting. This week Nifty tested the 200-week ema and managed to close above it. Nifty is also currently taking support at the 50-month ema. A strong bounce from here cannot be ruled out. The candle formed on the daily chart on friday, indicates a possibility of a reversal. The volumes on weekly and monthly charts are diminishing indicating a break to the current downfall.
The bounce could possibly lead Nifty to 5100, 5250, 5400 levels. And above 5400, we may say that the downtrend has been halted.
However, if Nifty fails to hold onto 4775-4800 levels, we may see further more downfall to lead Nifty to 4550 and 4000 levels in times to come.
Keeping this info in mind, one may initiate a positional call by buying a 5000CE of the next series which may be hedged with a 4600PE which would generate profits in either direction. Profit booking can be at one's discretion
- T. Sunil Rao
Sunil Rao Says:
August 20th, 2011
Posted at: 1:49 pm
Hi CB, Kindly delete my posts at 1:38pm and 1:45pm. Thanks. :)
thavva Says:
August 20th, 2011
Posted at: 1:52 pm
Hi CB, GA
Hi Sunil Rao, GA, welcome back sunil :)
Hi gayaram, GA
Sunil Rao Says:
August 20th, 2011
Posted at: 1:55 pm
Hi thavva, GA, Thanks :)
thavva Says:
August 20th, 2011
Posted at: 1:59 pm
Hi CB, what about having facebook account for NG? it will help others as well to become part of this. what you say?
CB Says:
August 20th, 2011
Posted at: 2:10 pm
Hi palanivel, most welcome
Hi Sunil Rao, oh ok. Good to have you back.
Hi thavva, Good afternoon. there is a page
for NG. shall link it to the website.
Gitanjali Says:
August 20th, 2011
Posted at: 2:16 pm
Hi Kartik, Thanks.Hi Sunil Rao, Nice to see you back .Hi CB, HDFCBK AND Renuka are a hold still are they..?And m holding the short position in REC..[got out of Buy' position the day you told me to..] saw a rally yesterday in this .. was it short covering or genuine buying interest, I wonder....can it head back to 205..?? Thank you.
Sunil Rao Says:
August 20th, 2011
Posted at: 2:16 pm
Hi CB, Thanks :)
manoij Says:
August 20th, 2011
Posted at: 2:36 pm
hi CB and Sunil Rao,
good afternoon
CB-Thks for yr ackg
SUNIL RAO- Thks for yr observation nd yr sugesstion for the PUT/CALL strike
especially since u mentioned the next series . But still my gut feeling is that
in this series the nifty will slide further till maybe we reach a position of VIX 35/40
brgds
Kb Says:
August 20th, 2011
Posted at: 2:51 pm
Hi CB, u are not going to do that .. :P
Hi Sunil Rao, heyyyyy... :)) welcome backk
CB Says:
August 20th, 2011
Posted at: 2:52 pm
Hi Gitanjali, it was some short covering it seems. overall markets are weak. possible see a small bounce in near term but selling pressure is likely to resume. yes, hold hdfcbank for now. if possible hedge renuka with a 50 put. below 55 has turned a bit weak.
Hi manoij, most welcome.
SAI Says:
August 20th, 2011
Posted at: 2:53 pm
HI CB / Sunilji - GA