Intraday calls for 20-05-11
Markets likely to open flat, support for Nifty at 5400 and resistance at 5450.
Buy JB Chemicals at 163.50, Target: 170, SL 158 – ( sl triggered in jb chemicals)
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gayaram Says:
May 21st, 2011
Posted at: 2:22 pm
Hi Chirag, GA. Entered 5500 pe at 50. (now at 54). at which level shall i exit?
CB Says:
May 21st, 2011
Posted at: 2:48 pm
Hi cvrprakash, yes. these are good support/resistance levels. one can go with these.
Hi suzane, yes, results do look good. can see 82-83.lets see how markets react to it.
Hi palanivel, has support at 5450 and resistance near 5500
Hi gayaram, ok. for now hold it. keep sl at 5500. seems nifty may open 20-25 point slower on Monday
Kb Says:
May 21st, 2011
Posted at: 2:49 pm
Hi CB, CBBBBBBBBBBBBBBB....... ..
CB Says:
May 21st, 2011
Posted at: 3:31 pm
Hi Kb, :) good afternoon. going good. have a good weekend..
Anita Says:
May 21st, 2011
Posted at: 5:24 pm
sir bought ongc 1 lot @282 . What is your short term view on this stock after the subsidy hike on friday. Should i hold or exit on monday. Pls advice target and stoploss. Thanks
GODSE Says:
May 21st, 2011
Posted at: 5:24 pm
Hi suzane,Mahindra Forgings reports net loss of Rs. 1.20 crore in the March 2011
Mahindra Forgings reported net loss of Rs. 1.20 crore in the quarter ended March 2011 as against net loss of Rs. 0.34 crore during the previous quarter ended March 2010. Sales rose 15.76% to Rs. 96.60 crore in the quarter ended March 2011 as against Rs. 83.45 crore during the previous quarter ended March 2010.
For the audited full year, net loss reported to Rs. 3.18 crore in the year ended March 2011 as against net loss of Rs. 94.73 crore during the previous year ended March 2010. Sales rose 18.78% to Rs. 356.67 crore in the year ended March 2011 as against Rs. 300.28 crore during the previous year ended March 2010.
Particulars Quarter Ended Year Ended
Mar. 2011 Mar. 2010 % Var. Mar. 2011 Mar. 2010 % Var.
Sales 96.60 83.45 16 356.67 300.28 19
OPM % 7.44 15.43 -52 8.96 15.66 - 43
PBDT 4.26 6.03 -29 18.92 17.69 7
PBT -1.20 0.39 PL -3.18 -3.81 17
NP -1.20 - 0.34 -253 - 3.18 -94.73 97
GODSE Says:
May 21st, 2011
Posted at: 5:30 pm
Hi Anita,
An additional subsidy outgo could dent ONGC's net profit for the 2010-11 fiscal by Rs. 2,000 crore. The company has been directed by the Government to shoulder additional subsidy burden to offset public sector oil retailers for the losses they incur in selling petroleum products below market price.
CB Says:
May 21st, 2011
Posted at: 5:35 pm
Hi Anita, yes, for now would advice to enter a 270 put as hedge. after the news which Godse published above, seems may remain a bit negative for the stock.
umesh Says:
May 21st, 2011
Posted at: 5:43 pm
at the moment ongc is in down trend ,one should make an entry when the trend changes to buy
suzane Says:
May 21st, 2011
Posted at: 5:51 pm
Hi GODSE, thanks for the update
suzane Says:
May 21st, 2011
Posted at: 5:54 pm
Hi CB, as you gave target of 82-83 on monday ... is it good to place a sell order at that price or can go still more as my loss is more and can recover at some 88 level looking at its intraday loss and more.
Secondly, i have to square off tommorow itself so i need to exit at the most possible high price ... even worried if take a U turn from any price.
umesh Says:
May 21st, 2011
Posted at: 5:58 pm
One should exit ongc at 279 levels and enter again if it sustains above 280 with target of 299 and stoploss at 277
sujoy Says:
May 21st, 2011
Posted at: 7:36 pm
Sir , I Have tata steel May expiry put of @7/-. Now its 2.5/-. SO I Can hold or exit.
CB Says:
May 21st, 2011
Posted at: 7:45 pm
Hi umesh, yes. for now dont enter it though. below 270 can see some more downside
Hi suzane, ok. for now exit on rise. if manages to cross its recent high on 85 one can enter again
Hi sujoy, fr now hold it with sl at 595. if nifty is unable to cross 5500 for a day or 2, can see further downside.
nda Says:
May 21st, 2011
Posted at: 8:21 pm
Good evening sir. How do you do. I am holding surya pharma, future venture, south india bank, kei Ind. hbl power. would you pl give your view for early near target so that if not tell me when to exit. Thank youuuuuuuuuuuuuuuuuuuuuuuuuu..............
ARIJIT Says:
May 21st, 2011
Posted at: 8:34 pm
Hi CB,
i have TATA STELL 580 PUT AT ₹8 and HERO HONDA 1750 PUT at ₹16, what to do?