Intraday calls for 19-10-12
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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H A M Says:
October 21st, 2012
Posted at: 5:00 pm
Hi jk, GA :) Just sharing my views, that's it. Thank U Bro!!
Hi Prams, IMO, 5600 PE remains volatile near expiry week as nifty may edges to this 5600 level on Monday and ur put may open above 15/20+ but not very sure. Whatever the price it opens on Monday, first book 70% profits in ur positions and me too doing the same thing. If u wish to hold them further on ur own risk, take CB's advice too before that. Need to wait and see wht happens tomorrow... Good luck.
Hi amit, Y'r always most welcome Bro :)
komsid Says:
October 21st, 2012
Posted at: 5:12 pm
GE all, Hi amit , its always on closing price, whatever chart type one uses.
Kartik Says:
October 21st, 2012
Posted at: 5:18 pm
Hi amit, GE, its mainly the closing price, which masks the intraday flashes if any
Priyanka Says:
October 21st, 2012
Posted at: 5:25 pm
Hi H A M, Yes, I do think so. First book 70% profits in 5600 put at the opening itself and hold the remaining with an SL 5650.Nifty may open around 5620/30 on Monday morning.
RAJASHEKAR Says:
October 21st, 2012
Posted at: 5:44 pm
Hi Kartik/CB How will be the lupin results i bought 500 shares at 578 can i hold it
H A M Says:
October 21st, 2012
Posted at: 5:45 pm
Hi Kartik, Good evening.
Hi Priyanka, Yes, that's right as we shall not risk with the profits that comes in hands.
5680/90 is good SL for the people who wishes to hold short positions further. To initiate long positions, nifty shall either cross 5800 or it shall falls to 5550, in between this it's wise to wait&watch the trend. Let's see, how nifty shapes-up after opening lower on Monday.
Priyanka Says:
October 21st, 2012
Posted at: 6:02 pm
Hi H A M, Strangely,SGXNifty is trading currently -18 only.Not sure of the gap down tomorrow.......
komsid Says:
October 21st, 2012
Posted at: 6:06 pm
dear all, a good one on GAP charting:
1. join the gap ( bottom sides) of 23rd May / 23rd July / 13th Sep, its a straight line.
2. if this line is extended to 22nd Oct, the gap will make market opening around 5630~35.
3. a line drawn parallel to above will connect gap tops on 20th sep to 19th oct and passes very close to gap top on 20th july.
4. again a parallel to above, acts a resistance on 05th july / 10th july and 04th oct.
5. second resistance line parallel to above, is joining 22nd may / 29th may/ 21st aug and 11th oct.
6. also another parallel drawn is forming a support at 04th june / 27th july and 11th sep with 25th oct value coming around 5550.
happy trading...........
CB Says:
October 21st, 2012
Posted at: 6:08 pm
Hi RAJASHEKAR, not sure of its results yet. technically its in an uptrend. above 580 can head upto 605
Hi H A M, Good evening.
CB Says:
October 21st, 2012
Posted at: 6:08 pm
Hi komsid, Good evening. thanks for the detailed update. have a good evening.
komsid Says:
October 21st, 2012
Posted at: 6:09 pm
Good evening CB, most welcome.
Priyanka Says:
October 21st, 2012
Posted at: 6:10 pm
Hi CB, SGXNifty is trading currently -18 only.Not sure of the gap down tomorrow.......Your opinion ?
H A M Says:
October 21st, 2012
Posted at: 6:16 pm
Hi Priyanka, SGX Nifty ended down -48.50 on Friday at 5679, from there it's showing another -18 points down [Total fall in SGX is, 48+18 = 66 points] and the value of SGX always remains greater than the original value in cash, I think so.... Correct me if am wrong.
Hi komsid, GE. Good info..
Priyanka Says:
October 21st, 2012
Posted at: 6:29 pm
Hi H A M, Yes,you are correct.If we consider the total fall,it is -66.
The value of SGXNifty (being a futures Index) is mostly greater than spot (cash) value of Nifty.
H A M Says:
October 21st, 2012
Posted at: 6:36 pm
Hi Priyanka, :)
Then, in this case, nifty may open in gap-down tomorrow @-66 or even more depending upon tomorrow's SGX Nifty opening by 7:00 AM and also depends on Asian markets cues., I guess...
Pravin Says:
October 21st, 2012
Posted at: 6:36 pm
Hey
Being human
Nice to here about this astrology here on this site
Thanks to share this knowledge too