Intraday calls for 23-03-11
Markets likely to open flat, resistance for Nifty at 5450, support at 5350
Sell Sintex around 139, Target: 134, SL 142.50 – (SL triggered)
9:28am: Buy ICICI Bank at 1012, Target: 1030-35, SL 988 (book profits)
3.01pm – btst – buy Kotak bank at 432, target: 441. Stoploss: 426
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Sunil Rao Says:
March 23rd, 2011
Posted at: 11:07 am
Hi SAI, Good Morning... Try to exit 5600 Call on any rise for now ... expiry is very close and decay will deplete its value to zero. You may buy ITM/ATM Calls for now if Nifty breaks 5485 (Very Strong Resistance)
Sunil Rao Says:
March 23rd, 2011
Posted at: 11:09 am
Hi Priyanka, Go long, if Nifty breaks 5485 for target of 5545-50. Go short if Nifty breaks 5414 for target of 5350-45.
gayaram Says:
March 23rd, 2011
Posted at: 11:10 am
Hi Sunil Rao, gm
namonias Says:
March 23rd, 2011
Posted at: 11:10 am
short april mphasis@390 please give today tar
Priyanka Says:
March 23rd, 2011
Posted at: 11:11 am
Hi Sunil Rao,
Thanks Sunil.
Any suggestion regarding rel power short ?
Das Says:
March 23rd, 2011
Posted at: 11:11 am
hi sunil. i have 5600 CE bought @43. please guide.
Sunil Rao Says:
March 23rd, 2011
Posted at: 11:12 am
Hi Priyanka, Can see 118 levels if markets go weak. Strong support @ 117.5, Strong resistance @ 123.5.
Sunil Rao Says:
March 23rd, 2011
Posted at: 11:15 am
Hi Das, Try to exit it on rise for now. Expiry being next weak, its value will deplete very fast. Enter 5500CE, if Nifty breaks above 5485 levels and book profits near 5545-50 levels.
RAMASWAMY Says:
March 23rd, 2011
Posted at: 11:16 am
GOOD MORNIGN CB SIR IAM HOLDING SINTEX @139.50
SAI Says:
March 23rd, 2011
Posted at: 11:16 am
Hi Sunil Rao, Thanks by the way what is ITM/ATM calls pls explain
thavva Says:
March 23rd, 2011
Posted at: 11:16 am
Hi Sunil Rao, Good morning.
Sunil Rao Says:
March 23rd, 2011
Posted at: 11:17 am
Hi gayaram, Good Morning :)
Deepak Says:
March 23rd, 2011
Posted at: 11:20 am
Hi Sunil Rao,
Shorted Nifty March Fut @ 5445. Now around 5480. Pls suggest if I can hold till expiry. What can be the downside target?
Sunil Rao Says:
March 23rd, 2011
Posted at: 11:21 am
Hi SAI, ITM - In the Money, ATM - At the Money, OTM - Out of Money.
Currently 5400CE and below are ITMs, 5500CE is ATM and 5600CE and higher are OTM.
Similarly 5500PE and above are ITMs, 5400PE is ATM and 5300PE and lower are OTM.
Only ITM calls and puts retain value at expiry.
Hi thavva, Good Morning.
Mahender Says:
March 23rd, 2011
Posted at: 11:21 am
Hello Sir,
what about NEYVELILIG, is it down in down trend (sinking)?
Sunil Rao Says:
March 23rd, 2011
Posted at: 11:24 am
Hi Deepak, Hold it with SL at 5490 on Nifty Spot. We may see some downside if Nifty fails to break above 5485.