Intraday calls for 21-04-11
Markets likely to open higher, next resistance at 5880, Support at 5810
Buy Ashok Leyland around 54.60, Target: 56.50, SL 53
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CB Says:
April 23rd, 2011
Posted at: 9:40 pm
Hi Kb, :) nice one.. nm.. was watching the match..
Abdullah Says:
April 23rd, 2011
Posted at: 9:46 pm
Hi Gitanjali, Most welcome for your comments. Just came online.... internet issues...
Hi CB, Enjoying my weekend. Hope you and Kartik doing the same :)
Kb Says:
April 23rd, 2011
Posted at: 9:56 pm
Hi CB, ohh bad .. i hate ipl .. its business. ..
Kb Says:
April 23rd, 2011
Posted at: 9:57 pm
Hi CB, http://www.youtube.com/watch?v=FcPOv8lmEi8
Subhag Ghosh Says:
April 23rd, 2011
Posted at: 10:10 pm
Option data has turned positive for the bulls. Let`s see if the Evening Star makes any difference to it in the coming week:
Call Option 5600-5900 covered (15.9 lacs) huge amount of OI with addition seen only at 6000 strike prices. Put Option 5600-6000 added (55.2 lacs) huge amount OI with some profit booking seen at lower strike prices. Highest accumulation on Call option can be seen at 6000 at 94 lacs & 5900 at 57.6 lacs whereas Put option 5700 at 85.6 lacs & 5800 at 75.8 lacs
* Nifty Open Interest for April stands at 2,31,91,800 down by 3,83,100 with increase in price (100% rollover and Long Buildup in May Series)
* Bank Nifty Open Interest for April stands at 8,54,600 up by 10,700 with increase in price (Long Buildup in April & May Series)
Inference
As said yesterday Bears went into hibernation and let the Bulls consolidate their gains and cement their hold on 5800 level. Nifty today achieved the target of 5900 but just closed below it at 5884.70. The Option table at the end of the day had a very healthy look, with Bulls all over the place excluding 6000 level which the Call writers are still holding forte. As per Option table 5600-5900CE covered huge amount of OI, whereas 5600-6000PE added a massive 55 lacs in OI with the highest addition seen at 5900PE. With these 5900PE writers have overtaken the 5900CE writer by a huge margin and it is a matter of time Nifty will be above 5900 comfortably. Resistance level as per Option data now is 6000 level which still has the highest OI in all. The support for the time being is 5800 and below that the rock solid level of 5700. Range for the time being has shifted higher to 5760 - 5990 with 5860 as the Pivot.
Option Call
Buy Nifty 5900PE above 48 for targets of 58, 71 SL - 44
Buy Nifty 5900CE above 55 for targets of 66, 82 SL - 51
Thanks and Regards,
Subhag Ghosh
Aman Says:
April 23rd, 2011
Posted at: 10:18 pm
So nice of u CB...
suzane Says:
April 23rd, 2011
Posted at: 10:35 pm
Hi CB, get me 2-3 best small price shares in which i can enter with huge quantity for long run and with 15-20 times return.
How is COAL INDIA ? Can it give 10 times return in long run ??
Plz reply for both.
CB Says:
April 23rd, 2011
Posted at: 11:02 pm
Hi Abdullah, yes, having a good one till now
Hi Kb, :) ok
Hi Subhag Ghosh, thanks for the detailed update
Hi Aman, always welcome
Hi suzane, for now go with ttl in small quantity.. coal India is a good bet for long term. likely to do well
manoj bansal Says:
April 23rd, 2011
Posted at: 11:27 pm
goldman sachs reduced india growth forecast to 7.8% from 8.7%.it is true? if true then what impact on share markets on monday?
CB Says:
April 23rd, 2011
Posted at: 11:29 pm
Hi manoj bansal, its likely to have a negative impact on markets it seems.
manoj bansal Says:
April 23rd, 2011
Posted at: 11:41 pm
how can we anylyze trend of nifty from nifty put-call ratio.currently this is 1.42%.
CB Says:
April 24th, 2011
Posted at: 1:31 am
Hi manoj bansal, hope this link helps: http://www.investopedia.com/terms/p/putcallratio.asp and http://www.investopedia.com/ask/answers/06/putcallratio.asp
sdkbest Says:
April 24th, 2011
Posted at: 9:09 am
Hi CB/ KARTIK Sir,
Your view on Beckons Ind. Is it safe bet? Can I enter it @ CMP for LT ?
niftyfan Says:
April 24th, 2011
Posted at: 9:20 am
Hi suzane,
KFA closed above earlier high likely to touch minimum 48 om Mon, hold it as long as it do not brake 44.00
INGVYSYABK safe to exit at 361.40 if in profit, on can enter into it latter at lower level.
RAINCOM exit at 175 or 178, on can enter into it latter at lower level.
VIPIND exit at 726.50 - one can enter into it latter at lower price has support at 709/704 below 704 it will correct.
Mayur Says:
April 24th, 2011
Posted at: 10:01 am
Hi CB, Hello Sirji... Good Morning.... ke haal-chal.???? sab wadia .. :)
suzane Says:
April 24th, 2011
Posted at: 10:02 am
Hi CB, TTL is from which sector ?? what target u suggest ?? and even get me the duration. can it show 350 in long run as i need a share which can give me atleast 10 times return.