Hi ramaswamy, GE, no, dont enter it yet

Hi CHARULATHA SATISH, we might open lower, dont go short on it at opening

Hi Sunil Rao, k, thanks

Hi craj, not yet, shall let you know by tomorrow

Hi vipul, realty stocks look weak as of now, dont make fresh entries in it yet, wait for Markets to settle

Hi Balu, Options are very risky, In Options there are a set of calls and puts know as CA and PA at every levels. eg: Unitech has a CA at 90, 80, 70 as well a PUT 90, 80, 70. A trader thinking that Unitech might touch or move higher to 90, might enter 90 or 80 Call (CA), now if the stock moves up, then the price of the CALL will rise and at the same time the price of the PUT will decrease (since a put is bought when a trader expects a stock to move lower), calls and puts are available at cheap rates, i.e ranging from 3000 to 10000.

Now each of the above contract has a validity of one month, i.e you can purchase a Untiech 90 CALL in the current Month, and at the end of every month, you need to sell it, otherwise it will be automatically be squared off by the exchange. So this creates some selling pressure sometimes for some stocks listed in Futures and Options, which in turn might cause the Markets to go down

Hi RAJPAL, it looks weak below 50, likely to trade flat tomorrow

Hi thavva, we might open below 5430 (strong support), PUT is likely to open higher, try to exit on rise

Hi nv, yes, you can do this, but it can end up in almost equal profit/loss, it would be better if you tracked CALL/PUTS for a while with different scenarios

Hi vishal, it faces strong support at 2600, if possible hold it for Short term, avg it on dips

Hi usefor, it looks weak below 480, avoid it

Hi Mrs Kiran S, it might open flat tomorrow, hold it with a SL at 610

Thanks Sunil and Kartik. Except china world market closed and trading in red. But still i think we trade above 5400 tomorrow as i have been holding this put since few days and would exit in loss as per my trade history :) any how will see how it goes tomorrow.

Good night to all. see you tomorrow.

Hi Sanjoy, you may go short on it around 70 for a target of 68

Hi thavva, hmm, yes, lets hope for the best

hi

Hi Sunil Rao, Sorry was not online, so could not reply back. Yes rightly pointed by you. In fact you must have noticed that in case of Tatasteel (weekely), Fibonacci retracement tells that from the high of 739 (sometime in April 2010) to the low of 450 (sometime in Aug 2010), 38.2% is in 460 levels. 50% is in 595 levels (next support). Yes, we need confirmation on the charts like you said, but none the less, I must tell you ....... "Great Work Man".

Am I right Mr. Rao?

Hi Kartik, Good evening.
Just came online :)

HI CB,
holding 5400 put at 12, where to put the sale order to exit safely?

Hi Kartik, am shocked looking at the high of tatasteel .. Can u see the high of it ?? Its 737 .. When did it made the high ?? Oh my god