Intraday calls for 25-09-12
Markets likely to open flat, Support for Nifty is at 5640 and resistance at 5710.
Buy Multi Commodity Exchange at 1340, Target: 1365 SL 1325 – (Continue to hold MCX. looks good technically)
Buy Prestige Estates around 130, Target: 137, SL 125
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spy king Says:
September 25th, 2012
Posted at: 5:11 pm
hi Cb,
What s the short term outlook for idea? Should I hold or exit?
Also tata global..
ankur Says:
September 25th, 2012
Posted at: 5:12 pm
sir i have bought bhel 260 [email protected] now it is around 2.4 What to do?
CB Says:
September 25th, 2012
Posted at: 5:21 pm
Hi RAVI, its a hold for short term.can test 33. dont enter hind oil yet
Hi spy king, hold idea for now. looks good. tata global can test 137 in coming days
Hi ankur, its rallied quite a bit. may consolidate for some time. if holding sep series option, try and exit on rise tomorrow.
vikrant Says:
September 25th, 2012
Posted at: 5:24 pm
CB sir how many factors we should check before going for any trade like if i want to go for intraday trade do historical or recent past records should be kept in mind
Rahu kumar sinha Says:
September 25th, 2012
Posted at: 5:25 pm
Thanks CB.
will easing out tax regimw will impact it companies particuarly infy tomorrow?
CB Says:
September 25th, 2012
Posted at: 5:26 pm
Hi vikrant, look for stocks making fresh 2-3 month highs and then again 5 day highs with more than avg volume. such stocks usually do well in intraday or 1-2 days
CB Says:
September 25th, 2012
Posted at: 5:26 pm
Hi Rahu kumar sinha, no, not really sure as of now.
spy king Says:
September 25th, 2012
Posted at: 5:27 pm
Okay!
Thanks for the advise with cairn..
How does united sprits look? It.s rallied a lot, can there be more upside?
gaps Says:
September 25th, 2012
Posted at: 5:27 pm
http://www.marketwatch.com/story/dow-will-repeat-2007-2008-peak-crash-cycle-2012-09-24?link=MW_popular.
We can hope for a bull run by 2014
Rahu kumar sinha Says:
September 25th, 2012
Posted at: 5:30 pm
Ok thanks cb sir for your input as always.
Would exit on any rise.
amit Says:
September 25th, 2012
Posted at: 5:33 pm
sir actually i have bf @720,400 shares.that is the thing.
vikrant Says:
September 25th, 2012
Posted at: 5:35 pm
CB sir one last question for the day DO chart pattern really work .......because many times they go wrong .there are so many technical indicators which one to use and which one to rely upon on top of that news in the market
NH Says:
September 25th, 2012
Posted at: 5:43 pm
Hi CB - Good eve. JP Ass. closed near it's days low. Can we expect it to go 2 - 3 % down tomorrow as well and can we see 80 - 79 tomorrow?
Be!ng Human Says:
September 25th, 2012
Posted at: 5:48 pm
Sorry for the late reply due to network failure.
Hi NH, Forget all this, new traders can follow RSI blindly without any doubt. The RSI ranges from 0 to 100 and is considered to be overbought once the RSI approaches the 70 or 70+, this means that it may be getting overvalued and is ready for a pullback. Likewise, if the RSI approaches 30, it is an indication that nifty or whatever the script may be getting in oversold levels and therefore ready for zooming up. When SR advised to buy 5500 call last time, nifty just kissed 30 in RSI and spikes up high from there. So, buy when nifty enters into over-sold zone similarly sell when nifty enters over-bought zone and leave it for 10-15 days. Sometimes nifty remains for a very long period like 1-2 month in between 70 and 30 in RSI and in that case the option prices melts.
BTW, CB is providing RSI chart for free of cost and thank to him. U can check in chartlinks.
Hi Munna, Instead of buying Bharti airtel, sell it near 280 with sl of 290 for a target of 250 and even 245 is possible in 10 days.
Hi Karan Sharma, U can hold Dena bank short as its consolidating in over-bought zone and is ready to fall.
Hi deepa11, Y're most welcome.
Hi Akash, Its simple, suppose imagine nifty is at 5700 then 5600 call is considered to be In-the-money(ITM) option and similarly 5700 call is considered to be At-the-money(ATM) option and 5800 call is considered to be in Out-of-the-money(OTM) option.
So, safe traders prefer ITM options rather than ATM and OTM and risk traders who love to double-triple their amount prefer OTM (unless they are damn sure). Hope u get some idea now..
Be!ng Human Says:
September 25th, 2012
Posted at: 5:49 pm
Hi CB, Good evening CB. Hope you are doing fine..
WELL PLAN Says:
September 25th, 2012
Posted at: 5:59 pm
HI CB,
GOOD EVENING WHAT ABOUT TCS LOOK@1295 CAN
I ENTER OR ANY OTHER SCRIPT PL GUIDE