Intraday calls for 21-06-12
Markets likely to open flat. Support for Nifty is at 5080 and Resistance at 5160 (closing basis)
Sell Bata India at 821, target: 808. Stoploss: 832 – (Book profit in Bata India at 807)
9.24am – Book profit in BPCL at 771-772
1.26pm – Sell Jubilant foodworks at 1172, target: 1156. Stoploss: 1186 – (SL triggered in Jubilant Foodworks)
Trade in small quantity
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sdkbest Says:
June 21st, 2012
Posted at: 11:52 pm
Hi CB/Kartik
I am holding 10 lots of 5100 PE @ 23/- . What price can I expect tomorrow? Whether I should exit tomorrow or hold it for 1-2 days ? Pl reply
Abraham Says:
June 22nd, 2012
Posted at: 12:08 am
Hi vishal, so what level you see in market tomorrow?
vishal Says:
June 22nd, 2012
Posted at: 12:12 am
close to 5010, but if it breaks 5080, then those with long positions should square off their positions, because a break of 5080 will create more selling pressure to 5050 levels, which is unlike to happen so soon.
seawolf Says:
June 22nd, 2012
Posted at: 12:15 am
hi vishal the sgx nifty opens at 8 am IST...so if it is still in the negative only then the indian exchange mite open negative....is my observation correct???
vishal Says:
June 22nd, 2012
Posted at: 12:16 am
hi, correct.
Abraham Says:
June 22nd, 2012
Posted at: 12:17 am
me too hoping so....many are invested their money in market today since it crossed 5160 level and they squared off their PE too. So a sudden down fall i expected. may be we can see 5050-5060 level tomorrow. This is only my view
seawolf Says:
June 22nd, 2012
Posted at: 12:19 am
thanx vishal....so the -50 we see now on sgxfis on today's ending??? so dat does not mean the nifty would be on a minus 2morow ,,,unless the SGX is on a negative???
sorry mate just clarifyin my doubts....
seawolf Says:
June 22nd, 2012
Posted at: 12:22 am
dats good to hear..i squared all my positions today....so either wayz da markets goes i shud be ready....:)
vishal Says:
June 22nd, 2012
Posted at: 12:24 am
yes thats right,no problem seawolf, i am a regular trader and have been in the stock market since last 20 years, and trade daily, i am following this site since last couple of months and i find it pretty interseting to exchange views with cb/kartik, i take advise of cb whenever i get trapped in the market and its worked out pretty well for me so far.
Abraham Says:
June 22nd, 2012
Posted at: 12:25 am
Hi seawolf, Market will open in red. but level is decided by Asian market + CCI impact. Mostly it will open 40 or more points in red
seawolf Says:
June 22nd, 2012
Posted at: 12:26 am
dats gud to hear mate...am just learnin the trade now....just stickin as of now with nifty ce's/pe's....
CB Says:
June 22nd, 2012
Posted at: 12:27 am
Hi Pr@$@nth, it does look good. can add on a 3-4rs dip
Hi Vijayk, its a hold with sl at 216 for now. if holds onto it, can see 228-230
Hi sdkbest, seems may open 40-50 points lower. hold it. can test 5080
vishal Says:
June 22nd, 2012
Posted at: 12:28 am
yes i hope it opens lower by 50 pointes or maybe more., the boss cb is back and you can clear your doubts with him.
Abraham Says:
June 22nd, 2012
Posted at: 12:29 am
Hi CB sir, what level we can expect tomorrow?... as i discussed with you before 120 ?. i am holding 5100 july puts
seawolf Says:
June 22nd, 2012
Posted at: 12:29 am
thanx Abraham
Abraham Says:
June 22nd, 2012
Posted at: 12:36 am
CB sir, i have a suggession, is it possible to give a long nifty CE or PE at every expairy day?. like on jun expiry aug/sep nifty CE or PE?