Intraday calls for 19-10-12

Quotes with Resistance & Support

Market Information

Intraday calls for 19-10-12

Posted on: October 19th, 2012 at 8:27 am

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Markets likely to open flat, Support for Nifty at 5630, resistance at 5750

Buy LT around 1650, for a target of 1675, with a SL at 1630 – (SL triggered)

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927 Responses

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Prams Says:
October 21st, 2012
Posted at: 2:34 pm
Hi H A M, GA,whats ur say on bank nifty?i have shorted at 11400.what shold be my sl??
H A M Says:
October 21st, 2012
Posted at: 2:53 pm
Hi Prams, GA!! Medium-term view on Bank Nifty is bullish but It may rise further after a very little correction. It has very strong support @11340/11300, if breaks it may fall further and has resistance @11590/11650, if breaches it may rise to higher levels.
Keep strict SL of 11660 for Banknifty shorts and hold till F&O expiry...===> IMO
H A M Says:
October 21st, 2012
Posted at: 3:09 pm
FIIs infuse over Rs 11,000 cr in equity so far this month::
Overseas investors poured in more than Rs 11,000 crore (about $ 2.2 billion) in the stock market this month so far enthused by reforms initiatives taken by the government to boost economic growth and investor sentiment.
During October 1-19, Foreign Institutional Investors' (FIIs) were gross buyers of shares worth Rs 40,940 crore, while they sold equities amounting to Rs 29,826 cr. translating into net inflow of Rs 11,114 crore, as per data available with market regulator Sebi.
This takes the FIIs investment in the country's equity market to Rs 93,444 crore ($ 17.98 billion) so far this year. Market experts believe that FIIs continued their bullish stance on the equity market on account of recent reform initiatives taken by the government and expect the inflows to continue in the coming months.
Apart from equities, FIIs also infused Rs 2,245 crore in the debt market so far this month.
H A M Says:
October 21st, 2012
Posted at: 3:13 pm
Tata group revenue tops $100 billion, profit slips to near $5 billion::
From Salt-to-software conglomerate, Tatas have become the country's first business house to attain $100 billion revenue, even as the group's profit slipped to near $five billion in the last fiscal year. The total revenue of the Tata group, which has over 100 companies including 31 listed entities, rose by about 20 per cent in the last fiscal 2011-12 to $100.09 billion, from $83.3 billion in the previous year. The last fiscal also saw the group's total headcount rise by nearly 32,000 persons to nearly 4.56 lakh.
At the same time, the group's profit after tax slipped by 9.4 per cent to $5.23 billion during the year, as per the latest financial details available with the group.
The group's total revenue rose to Rs 4,75,721 crore, while profit after tax fell to Rs 25,112 crore in 2011-12. The total assets rose by 27.5 per cent to Rs 3,73,026 crore.
The group's international revenue at $58.5 billion accounted for more than half of the total worldwide turnover and rose by 21 per cent from the year-ago levels.
The international operations and overseas acquisitions have played a significant role in the group's revenue growth in recent years. The group turnover had crossed Rs one lakh crore mark in 2006-07, while it stood at little below Rs 50,000 crore level in 2001-02.
Tatas also recorded net forex earnings of $1.6 billion, up by over 51 per cent from $1.05 billion in 2010-11.The group is present in more than 80 nations and markets across Asia, Africa, America, Europe and Australia. Tatas have made a number of high-profile takeovers abroad, including high-profile acquisitions like Jaguar and Land Rover in 2008 and Corus Steel in 2007, and made an offer last week to acquire US-listed Orient Express, which runs an iconic chain of hotels and luxury trains. Among its key businesses, the group is present in information technology, steel, automobile, power, hospitality, telecom, chemicals, consumer goods, retail, engineering and chemicals sectors.
Out of its total headcount of 4,55,947 persons, communications and information systems accounted for about 55 per cent, followed by about 18 per cent each in materials and engineering sectors.
Srinivas Says:
October 21st, 2012
Posted at: 3:28 pm
Nifty may touch 5550 by this expiry, and based on the RBI monetary policy on 29th the trend will be clear.
Prams Says:
October 21st, 2012
Posted at: 3:30 pm
Hi Prams, Ok.Thanx!
Prams Says:
October 21st, 2012
Posted at: 3:31 pm
Hi H A M, ok.Thanx dear!
amit Says:
October 21st, 2012
Posted at: 3:42 pm
Hi H A M What is the difference betwwen support and strong support and how are these determined or predicted??
H A M Says:
October 21st, 2012
Posted at: 4:00 pm
Hi Prams, Y'r always most welcome Bro :)
But am booking 50% profits in my puts on Monday opening and risk myself by holding the rest till Thursday but not advisable to others in this case, later we must wait for a chance to initiate long positions in dips. Just disclosed my positions/my activity. Good luck!!
Hi amit, This is revealed by the prices a security seldom moves above resistance or below support. Support and resistance levels are the levels at which a lot of traders are willing to buy the stock (in the case of a support) or sell it (in the case of resistance). When these trendlines are broken, the supply and demand and the psychology behind the stock's movements is thought to have shifted, in which case new levels of support and resistance will likely be established.
If a stock bounces back twice or thrice from one same specific point/level in it's earlier patterns, that that particular level shall be considered as strong support and if the same thing happens from different points/lows [lets say 3 levels], then these r considered to be normal Support 1/Support 2/Support 3. Watch the frequency of supports within the given time-period. =====>> IMHO
H A M Says:
October 21st, 2012
Posted at: 4:13 pm
Hi CB, Good evening Sir :)
amit Says:
October 21st, 2012
Posted at: 4:14 pm
Hi H A M, so on the candlestick chart whetherwe will conside closing price to be support or low price???
H A M Says:
October 21st, 2012
Posted at: 4:21 pm
Hi amit, I don't follow/use candle-stick patterns, verify with CB regarding that point. I do trading in short-term perspective with the help of technical indicators and charts.
H A M Says:
October 21st, 2012
Posted at: 4:28 pm
Hi amit, I usually consider closing price as support/resistance but no idea in candle-stick.
jk Says:
October 21st, 2012
Posted at: 4:36 pm
hi ham
very very interesting guide
thanks a lot.
Prams Says:
October 21st, 2012
Posted at: 4:36 pm
Hi H A M,i m too holding a gd no. of lots of 5600pe @9...as suggested by robotguy sir and as u know i m new to this FNO i just wanted to know at what rate might it open 2morw in present scenario....
amit Says:
October 21st, 2012
Posted at: 4:42 pm
Hi H A M, thnx buddy...
Hi CB / KARTIK, can u plz put ur thoughts on this?