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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Pradeep Says:
September 25th, 2012
Posted at: 7:18 pm
Hi CB, Dear, remember this post... i think today's low 5652 is done for this week or in worst case may be 15-20 points further down tomorrow in early hours. followed by sharp upmove tomorrow and day after towards 5800+ ...
since it's not wise to time the market, to play this view, would you suggest buying nifty oct futures or can try with 5700 ce in huge qty?
pradeep Says:
September 23rd, 2012
Posted at: 1:10 am
next week seems to be volatile.. usually it is during the expiry week. considering that nifty may hit both 5650 and 5800 and considering i dont know which one will hit first.
in that case, trading strategy could be either of the following or may be both if 5650 comes first:
1. buying aggressively around 5650 with SL 5620 for target of 5800.
2. shorting aggresively around 5790-5815 with SL 5820 for a target of 5650.
i think nifty futures would be perfect bet as Sep series calls are overvalued and may also cheat and Oct series options will be expensive
--------------------------------------------
Pradeep Says:
September 25th, 2012
Posted at: 7:19 pm
Hi revan, cipla is in solid uptrend my dear..
revan Says:
September 25th, 2012
Posted at: 7:22 pm
Hi pradeep on 10.09.2012 cipla @390 level today @ 360 level ???
Mahesh Says:
September 25th, 2012
Posted at: 7:22 pm
Hi CB, Hai CB.. Holding 5600 PE by averaging at 10... now trading at 6.. is there any chances to get my price... or exit tomorrow with loss... or better to leave till expiry... pl. suggest...
cerulean Says:
September 25th, 2012
Posted at: 7:24 pm
HI KARTIK, How do you see crude now plz?/Hi aabha, ASK KB , he is very caring and has a consumate skill at detecting trends., Don't know if Being Human comes at night .
Pradeep Says:
September 25th, 2012
Posted at: 7:25 pm
Hi NH, oversold and overbought stuff should be coupled with other indicators.. they dont just work alone.. nifty or stocks can remain in oversold or overbought zone in long time and can continue to move in their direction for long time while in oversold/overbought zone.. CB can explain better
gp Says:
September 25th, 2012
Posted at: 7:27 pm
HI CB
I have 7000 shares of Lanco Infra @ 18rs from last 6 months , now its on 15.45 how much more time it takes to come at my price ... plz tell me its 1 month tgt ?
i dont want to hold it more plz tell me its short term tgt
subramani Says:
September 25th, 2012
Posted at: 7:27 pm
Hi CB,
Still i am holding PFC 200 and 210 ce. Any chance that pfc will cross 200 in sept series?
CB Says:
September 25th, 2012
Posted at: 7:31 pm
Hi chinta, yes, hold it for med term. can add 20%
Hi revan, its seeing some profit booking. downtrend is usually when a stock makes fresh 3-6 month low or 52wk low
Hi PRAVIN, sure. as of now its best to wait till expiry. can enter havells or ril on dips
Hi Pradeep, :) yes.. nice one
Hi Mahesh, lets see how US markets close. for now hold it with sl at 5700
Hi cerulean, seems could bounce back to 95
Hi gp, yes, technically has turned a bit positive. hold onto it can test 20
Hi subramani, as of now seems may open flat tomorrow. hold for now with sl at 5650 on nifty.
Munna Says:
September 25th, 2012
Posted at: 7:32 pm
GE CB,
Holding BHARTIARTL @ 275.5 and RCOM short @ 64.50. Pls advise how these will trade tomorrow. Very bad day today. Lost 25k in 5600 PE though recovered 10k in JP short.
CB Says:
September 25th, 2012
Posted at: 7:33 pm
Hi Munna, sorry to hear about your loss. hopefully will recover soon. bharti does look good. can head upto 285 in coming days. hold it. rcom is a hold with sl at 65 for now.
CB Says:
September 25th, 2012
Posted at: 7:33 pm
ill be back by 9-10pm.
.
Pradeep Says:
September 25th, 2012
Posted at: 7:35 pm
Hi revan, that's right.. that was it's short term movement.. im talking about it's major trend which is up. tracking it from 330.. it went quickly to 390 and now cooling off before next upmove
now longs can be entered at cmp 363 with SL at 352 for targets 382-400+
Be!ng Human Says:
September 25th, 2012
Posted at: 7:36 pm
Hi aabha, Come out of polaris and enter in dips near 123-125 levels. Take CB's advice also.
Hi NH, Yes, good analysis, u can compare nifty with bank nifty and with the first five heavy weighted stocks in nifty to get some clear picture. Watch cloud patterns in Ichimoku chart too.
Yeah, thats right we just can't say thanx to CB which not at all enough to show courtesy for what he is doing to help us all. Hats-off to CB/Kartik.
Hi vikrant, Yes, from August 10th to 25th nifty consolidates and fell suddenly but before going to over-bought zone nifty stayed in over-sold zone for just 4 days i.e., 24-27 of July month and it repeated in same way in 5,6th of Sep month. So in this case we need to average as long as it stays in these zones and book profits partially. One can not decide the time period of this over-bought and over-sold zones. As I said to NH, u can compare with bank nifty and top 5 heavy weighted stock in nifty.
Hi Venkat, Y'r most welcome. I cannot say what's going to happen tomorrow but the market will fall for sure, maybe by tomor or the day after tomor.
This is my personal analysis and take CB's advice before following..
Prasad Says:
September 25th, 2012
Posted at: 7:36 pm
Hi cb/kartik,
today i have bought yes bank 400 ce at 8rs. Of october series.. plz guide me what to do..
cerulean Says:
September 25th, 2012
Posted at: 7:36 pm
Hi CB, THANKS !Hi aabha, ASK KB , he is very caring and has a consumate skill at detecting trends., Don't know if Being Human comes at night