Intraday calls for 21-09-10
Markets likely to see a flat opening. Resistance for nifty is at 6050 and support at 5900.
Buy Colgate-Palmolive (India) Ltd at 859.25, target: 873. Stoploss: 848
Buy Tata Steel Ltd at 618, target: 628. Stoploss: 608
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SunilRao Says:
September 21st, 2010
Posted at: 6:19 pm
Good Evening CB, All :)
SunilRao Says:
September 21st, 2010
Posted at: 6:33 pm
Hi CB, Nifty is currently trading near the all-the high wave expansion level of 500% on 18/5/2009 and 19/5/2009. If we test 6060 tomorrow, we will repeat history, and create history beyond it. Last time Nifty tested the 500% mark, it immidiately corrected upto the wave expansion level of 200%. Let's see how markets react now. Currently wave expansion level of 200% is at 5800 levels
SunilRao Says:
September 21st, 2010
Posted at: 6:34 pm
***all-time high
zsagar Says:
September 21st, 2010
Posted at: 6:35 pm
Hi CB, I hold a Long BPCL Fut @ 810 ; cmp = 792 ? What to do
And I hold a short on Vijayabank Fut , Cmp= 83.10 ; Whats ur expected target on Vijayabank Fut ? Should I countinue to hold the short or book profit as of now ?
I hold Short Sobha Fut @ 370 ; cmp = 377 - looking a bit strong . Pls advice me on it too !
cvrprakash Says:
September 21st, 2010
Posted at: 6:39 pm
Hi CB,
Today I had bought TVS Motors 250 Nos for an average price of 74.50
Kindly guide me the scope for this in coming days.
At what price I can book profit.
CB Says:
September 21st, 2010
Posted at: 6:40 pm
Hi animesh, most welcome. no, as of now no new call. lets see how US markets close
Hi SunilRao, Good evening. yes, strong resistance near 6100 levels.
Hi zsagar, yes, hold it. bpcl looks good technically. can see 830. sobha and vijaya bank are a hold. dont add more of them yet
CB Says:
September 21st, 2010
Posted at: 6:41 pm
Hi cvrprakash, its a good bet. can see 84 in short term.
zsagar Says:
September 21st, 2010
Posted at: 6:42 pm
Hi CB, Whats ur expected target for Vijayabank Fut Short in 2-3 days ?
CB Says:
September 21st, 2010
Posted at: 6:42 pm
Hi zsagar, around 80-81
zsagar Says:
September 21st, 2010
Posted at: 6:45 pm
Hi CB, Thanks bhai ! Take care , i am leaving , See u tomorrow !
Have a Nice Time
Take Care
SunilRao Says:
September 21st, 2010
Posted at: 6:49 pm
Hi CB, On close inspection of the Nifty Chart, I found that wave expansion level of 500% had been even tested on 3/10/2007 where again, Nifty saw a immidiately corrected upto the 200% level. But another important point to note, that in both earlier cases, we saw more upward movement in near term.
zsagar Says:
September 21st, 2010
Posted at: 6:54 pm
Hi SunilRao, So u where expectinga 15% correction in our market this month near to expiry as bcoz we were overheated ?
raj Says:
September 21st, 2010
Posted at: 6:54 pm
CB i have jubliant food 100 shares @ 540, man allun @ 77 1000 shares and berger paints 500 shares @ 115 pls suggest
zsagar Says:
September 21st, 2010
Posted at: 6:55 pm
Hi SunilRao, Not 15% I mean 150 % correction u expect in pur market ?
ramsingh Says:
September 21st, 2010
Posted at: 7:00 pm
What is the tommorrow target price for Sel Manufacturing.Please suggest.
SunilRao Says:
September 21st, 2010
Posted at: 7:12 pm
Hi zsagar, 15% is out of question in near term unless we have some major global crash. Nifty has strong supports @ 5780, 5620 and 5460 levels