Intraday calls for 26-04-11

Quotes with Resistance & Support

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Intraday calls for 26-04-11

Posted on: April 26th, 2011 at 8:28 am

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Markets likely to open a bit lower. Support for nifty is at 5850 and resistance at 5920

Buy Zee Entertainment Enterprises Ltd at 131.50-132, target: 136.50. Stoploss: 128.50

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588 Responses

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Comment pages: 25 26 272829 30 31 32 33 Show all

Kartik Says:
April 26th, 2011
Posted at: 2:06 pm
Hi naga, no, not yet
Hi namonias, strong support at 1300, could give a bounce if Markets recover
Hi ARAVIND, no
Hi Meena, around 55-56
Hi Akash, enter above 5850
Hi vikram, looks good above 150 for Short/Mid term
shruti Says:
April 26th, 2011
Posted at: 2:07 pm
i have 5800 pe @ 34 .. wat to do ?
Mango Says:
April 26th, 2011
Posted at: 2:07 pm
Hi Subhag Ghosh,
1. The option accumulation give a fair bit of idea till the day before expiry, not on expiry day. - Fact - option accumulation doesn't gives any clue, we can not be sure weather it is a buy/ a short sell , And who is strong hand ( buyer/seller)
And Addition of OI & decrease in premium doesn't Indicates short selling. (this works in futures)
2. As on expiry the situation changes very fast.The MAX PAIN option theory doesn't not hold good on the expiry day -
FAct > Pain Theory is just a hypothesis and ivestopedia says it does not works, please read.
Additon of OI in calls can also be due to the buying by the strong hands to hedge their index short.
And finally any strong hand is not going to short a call having imp vol around 21%
Please check the last few months data, nifty always breaks this myth.
Kartik Says:
April 26th, 2011
Posted at: 2:08 pm
Hi shruti, keep a sl at 5850 and hold it
Kartik Says:
April 26th, 2011
Posted at: 2:08 pm
I'll be back in 30 mins../
Abdullah Says:
April 26th, 2011
Posted at: 2:11 pm
Hi Mango, Well said :)
Implied volatility is very very important...
Abdullah Says:
April 26th, 2011
Posted at: 2:12 pm
Nifty Fut broken 5850...
Mango Says:
April 26th, 2011
Posted at: 2:12 pm
Hi Abdullah, Thanks. :)
Abdullah Says:
April 26th, 2011
Posted at: 2:16 pm
Hi Mango, Most welcome...
BTW, people have all the rights to hold onto his/her views :)
Mango Says:
April 26th, 2011
Posted at: 2:18 pm
Hi Abdullah, ya rite.. :)
meena Says:
April 26th, 2011
Posted at: 2:21 pm
Hi Tejas/Abdullah,
Pl tell me how EKC looks on the chart for 3-4days? Could one enter it @ CMP?
raj gupta Says:
April 26th, 2011
Posted at: 2:27 pm
Sir any chance to come down the market .. ? i m in totally loss in 5900 put bought at 101 now at 44 :(
Abdullah Says:
April 26th, 2011
Posted at: 2:29 pm
Hi meena, Well, 90 is a imp. resistance level. If closes any day above 90, then can enter on the next day with a target of 94.50 - 95 for a period of 7 trading days.
Akash Says:
April 26th, 2011
Posted at: 2:32 pm
Hi Abdullah, What is the Target of Nifty now. Alsom if 5900 can see 60 now?
Rahul Says:
April 26th, 2011
Posted at: 2:32 pm
hi kartik i have sold nifty @ 5850... what u suggest.. shoult it come down ??
Abdullah Says:
April 26th, 2011
Posted at: 2:37 pm
Hi Akash, Above 5850, looks good. Next res. at 5890-5900 levels (technical as well as psychological resistance)...