Intraday calls for 21-03-13
Markets likely to open flat, Support for Nifty at 5670 (closing basis) and resistance at 5800
Buy Kotak Mahindra around 632, Target: 645, SL 624 – (Book profit in Kotak Mah bank at 647)
10.35am – Buy Tata steel at 337.60, target: 343. Stoploss: 331 – (Exit from tata steel at 337.25)
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CB Says:
March 21st, 2013
Posted at: 7:53 pm
Hi ramaswamy, shall exit around 610 in fut
Hi santosh, does look weak below 255-258 levels. avoid longs for now
Hi Shanavas, Good evening. does have strong support at 790-800 levels. possible sees a bounce from here
Hi j k nambiar, Good evening.. most welcome
Hi Vishal, no, dont enter its ce yet
Hi a.shanmugasundaram, its going weak with the markets. has strong support near 2.50 levels. hold for now. can see some bounce from here. dont add more yet
Hi vickys, yes, shall enter a pe at opening to hedge.
RG Says:
March 21st, 2013
Posted at: 8:03 pm
Hi Cb..Should i exit from tata steel ce tomm mrng (lossing 60k)..and enter for 320pe...can anything goes better till next week..?
Shanavas Says:
March 21st, 2013
Posted at: 8:12 pm
CB sir pls tell me Intraday reliance industries buy rate and target and loos
Shanavas Says:
March 21st, 2013
Posted at: 8:13 pm
CB Sir how about tomarrow intraday Dena bank any positive on this target pls ?
anii Says:
March 21st, 2013
Posted at: 8:15 pm
Hi CB, holding short in bhel and reliance. where to exit?
anii Says:
March 21st, 2013
Posted at: 8:22 pm
how is icici looking to buy?this is dead cat bounce or really moving to highs.
Kartik Says:
March 21st, 2013
Posted at: 8:27 pm
Hi RG, if possible hedge with 2 Pe's tomorrow
Hi Shanavas, they look weak overall, avoid longs in it for tomorrow
Hi anii, wait for a dip for another 2-3% in them for 1-2 days time
Hi anii, seems short covering in ICICI, dont go long on it yet
manoj_sirohi Says:
March 21st, 2013
Posted at: 8:28 pm
While state-owned discoms are yet to sign up for the bailout package, private discoms operating in Delhi have sought to be taken on board the scheme. The Delhi discoms argue that they are reeling under debt due to regulatory overhang caused by a four-year tariff freeze. The three discoms have recently applied for a nearly 8% hike to the regulator, report Sumit Jha and Elan Dutta of CNBC-TV18.
The health of state discoms is often blamed on the freeze in tariffs caused by political interference, but the Delhi discoms - Reliance Infra and Tata Power - blame their poor financial health on the regulatory overhang. The discoms argue that a 8% hike will give them some leeway in managing debt. And even though the Delhi government has decided to infuse Rs 245 crore in Tata Power Delhi to ease liquidity concerns, the discoms are pushing for a steep hike.
Praveer Sinha, CEO, Tata Power Delhi Distribution, says that we have asked for graded hike in tariff. This will go a long way in reflecting true cost and help us deal with the regulatory overhang.
The Delhi discoms have been accused of fraudulent accounting in the recent past, a charge they deny. And while they seem to not be losing money on account of sales, they claim that the debt burden needs to be dealt with - through a bailout package just like the one offered to state-owned discoms. Power minister Jyotiraditya Scindia however refused to this demand.
Jyotiraditya Scindia, power minister, says that FRP has been approved only for state-owned discoms and cannot be extended to private entities.
Given this, it is clear that Delhi's discoms are pinning their hopes to tackle their Rs 20,000 crore debt burden via a steep tariff hike. But will that be allowed, especially in the run up to state elections? That's a question with no answers as yet.
RG Says:
March 21st, 2013
Posted at: 8:29 pm
ok i will go foe pe..and ur suggestions of lots fo ce..exit or hold till expiry
Kartik Says:
March 21st, 2013
Posted at: 8:30 pm
Hi manoj_sirohi, thanks for the update
Hi RG, try to exit them on any rise ahead
vickys Says:
March 21st, 2013
Posted at: 8:32 pm
Hi CB Sir,
thx for your advice for tata steel , Request you plz guide me on my below holdings.
Holding IDEA Fut @110 -- 1 lot
Holding Carin Fut @ 280 -- 1 lot
Holding PTC Fut @ 57 -- 2 lot
SHORT CESC Fut @ 276 -- 1 lot
thanks in advance Sir......
SHANU KUMAWAT Says:
March 21st, 2013
Posted at: 8:50 pm
HELLO SIR JI NIFTY KI F&O EXPIY KAHA PAR HO SAKTI HAI PLZ REPLY ME FAST SIR JI
BS Says:
March 21st, 2013
Posted at: 8:50 pm
what is your opinion about hul and apollo tyres? buying or short selling?
j k nambiar Says:
March 21st, 2013
Posted at: 8:59 pm
cb/ kartik sirs, under market stats nifty is still showing close of 20th! many thanks.
anii Says:
March 21st, 2013
Posted at: 9:31 pm
Hi Kartik, thanks. nifty fall further tomorrow?
pramod Says:
March 21st, 2013
Posted at: 10:10 pm
hi kartik
hoding sbin 2100CE @60.50
why dow is so week? how u see sbin tom. hold or exit