Intraday calls for 21-08-08
Markets likely to open weak.
Short sell: Indiabulls Financial Services at 271, target: 262. Stoploss: 274.
If markets show signs of recovery later during the day, buy Punj Lloyd and Empee Distilleries.
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Yona Says:
August 21st, 2008
Posted at: 12:30 pm
Hi Cb.. i have shorted Indiabulls at 272, should i book profits now @267 or hold? also should i buy punj lloyd now?
CB Says:
August 21st, 2008
Posted at: 12:43 pm
Hi Yona, you may book profits in Indiabulls now around 264.. Buy Punj or empee only once markets show recovery.. Empee around 121 is a good bet..
Yona Says:
August 21st, 2008
Posted at: 12:48 pm
thanks a lot..
Arun Kumar Says:
August 21st, 2008
Posted at: 6:09 pm
Dear CB,
Thanks for your daily tips.
As I am new to day trading. Please let me know which of the following trading cos. allow short sell.
1. HDFC Securities
2. Motilal Oswal
3. SBI CAP Securities.
Further, as per ur instruction yesterday I had tried to purchase Vishal Technologies on Marging basis for Day Trading on HDFC Securites. The system popped out a message saying that No Fresh Order Accepted for this scrip. I had tried the same today.
Why did it happen. Is there anything wrong with HDFC SEC.
Please advice.
Looking forward to your kind response in this regard.
Best Regards
Arun
CB Says:
August 22nd, 2008
Posted at: 12:54 am
Hi Arun, all Brokerage houses allow short selling.. ICICI direct and Religare are good.. Regarding Vishal information, maybe beacuse the compnay being recently enterted in the stock market they may have not added its details to their system.. It should be fine in some days..
Arun Kumar Says:
August 22nd, 2008
Posted at: 7:16 am
Dear CB,
Thanks for the advice.
Best Regards
Arun
CB Says:
August 22nd, 2008
Posted at: 10:47 am
Hi Arun, Most welcome..
pradeep Says:
August 22nd, 2008
Posted at: 12:50 pm
hay wat market , i think market has strong support for 4250
CB Says:
August 22nd, 2008
Posted at: 1:35 pm
Hi pradeep, yes, support around 4225 and 4250 levels.