Intraday calls for 19-08-11
Markets likely to open lower
If Markets show recovery later, buy BHEL
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Sunil Rao Says:
August 21st, 2011
Posted at: 1:08 pm
Hi Abdullah, GM, Market Bottoms / Tops are formed when people are least expecting. Market bottoms / tops are usually formed when the momentum turns too high. As per 50-day PWO Momentum Indicator, which closed below -1200 on friday, indicates a strong case for a upmove. 50-day PWO has never stayed below -1000 for more than 2 days in last 12 years. Last time it was below -1000 on 26/10/2008 for only 1 day. Although the PWO Momentum Indicator does not confirm the reversal, but does confirm an reactive upmove to ease off the negative momentum.
Good Morning CB, Kb, YOGI and all :)
Abdullah Says:
August 21st, 2011
Posted at: 1:09 pm
Hi YOGI, Thats a nice picture (reference your post @ 12:33 pm) :DDD
Sunil Rao Says:
August 21st, 2011
Posted at: 1:12 pm
Hi YOGI, Nice one :)
Abdullah Says:
August 21st, 2011
Posted at: 1:14 pm
Hi Sunil Rao, GM :) . OK SunilJi, just help us catch the upmove as soon as possible. I dont want to be left behind. Just let us know if an entry can be made and I think we will follow suit. Expecting an upmove to be fast and furious, so lets take the opportunity !!! What say???
Sunil Rao Says:
August 21st, 2011
Posted at: 1:20 pm
Hi Abdullah, I'm expecting this upmove tomorrow itself, as 50-day PWO has already been below -1000 for 2 consecutive days (-1039 and -1206 respectively). Lets see. But would advise to enter hedged positions only.
Abdullah Says:
August 21st, 2011
Posted at: 1:20 pm
Hi Kb, GM :) . Thanks for the info. Will short/long at any given chance. Opportunities will come either side. Hope that we cash on the opportunities and make money irrespective of the fact as to which direction Nifty goes :DDDD
gayaram Says:
August 21st, 2011
Posted at: 1:20 pm
Hi ALL, HAPPY GOKULASHTAMI TO ALL.
Abdullah Says:
August 21st, 2011
Posted at: 1:23 pm
Hi Sunil Rao, Ya. Will hedge for sure. Kindly tell us which can be better :
1) Enter future + hedge with an option
2) Enter 2 options, opposite in nature, where one will hedge the other
3) Any other ideas?
Abdullah Says:
August 21st, 2011
Posted at: 1:25 pm
Hi gayaram, GM, happy Janmastami to you too :)
gayaram Says:
August 21st, 2011
Posted at: 1:31 pm
Hi Abdullah / Sunil / Yogi / KB , GA. You people are knowledge of books. Very interesting to read today's queries.
Hi Abdullah , GA. Are u keeping fasting. Advance wishes for RAMZAN.
YOGI Says:
August 21st, 2011
Posted at: 1:35 pm
Hi Abdullah, thanks and thanks yaar , u reduced(did) my work ,asked english everyone will understand it.always market no sometimes sense of humor .i will post fibona...retra... chart...
Hi Sunil Rao, thanks bhai
Hi Sunil Rao,abdu ,cb , ga
Sunil Rao Says:
August 21st, 2011
Posted at: 1:36 pm
Hi Abdullah,
For Intraday, Buy above 4890, Strict SL, 4875, Target:4980.
For Short term: Buy Futures above 4890 with 4900PE (sep) as hedge.
Or Buy 5000CE (sep) + 4600PE (sep).
Book profits at your own discretion.
Hi gayaram, Thanks and same to you.
Abdullah Says:
August 21st, 2011
Posted at: 1:38 pm
Hi gayaram, Thanks :) Just for info, I'm not fasting. Abdullah is my screen name or Gravatar. Plz dont ask me what made me choose the name "Abdullah" !!! After all "whats in a name" ??? And just another small request to you. Please do not include me in the list of people who are "knowledge of books". I am a novice. Still "miles to go before I sleep" :)
Sunil Rao Says:
August 21st, 2011
Posted at: 1:39 pm
Hi Abdullah, All are spot prices
Abdullah Says:
August 21st, 2011
Posted at: 1:41 pm
Hi Sunil Rao, Thanks a lot Sunl Ji. Will note and keep a track of those levels :) BTW, if you enter any/all combinations, please inform us...
Abdullah Says:
August 21st, 2011
Posted at: 1:42 pm
Hi Sunil Rao, Thanks. Noted that all are spot prices :)