Intraday calls for 26-12-11
Markets likely to see a flat opening.. Support for nifty is at 4650 and resistance at 4760.
Buy Wipro at 404-406, target: 413. Stoploss: 399.
Trade in small quantity
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shams Says:
December 26th, 2011
Posted at: 12:11 pm
thaks lalith
lalith Says:
December 26th, 2011
Posted at: 12:12 pm
Hi vipul, No news yet, it could not cross 4782 (SPOT) which is considered to be a bull confirmation signal. The volumes are low from the FIIs side hence it is purely in operators hands where they want Nifty to close on expiry.
Please Note Friday - day before christmas witnessed the lowest volumes in 28 days. FII participation is not strong enough, markets likely to trade sideways
lalith Says:
December 26th, 2011
Posted at: 12:14 pm
Hi Achauhan, Please keep a Strict SL at 51 & hold, lets see where we get the signal to book profits.
SS Says:
December 26th, 2011
Posted at: 12:16 pm
Hi lalith,
What's your say on Kotak & Cairn...holding short fut in loss...thanks
airbites Says:
December 26th, 2011
Posted at: 12:18 pm
Hi lalith,
Please can u elaborate on how 4782, is a bull confirmation signal ?
I thought markets above & hold 4760 is a bull signal....
Achauhan Says:
December 26th, 2011
Posted at: 12:20 pm
ok ..thanks lalith..
lalith Says:
December 26th, 2011
Posted at: 12:25 pm
Hi airbites, What we have witnessed so far is the 61.8% retracement of the previous swing, Nifty does look good above 4760 However there is supposedly a strong resistance zone at 4775-4782 where smart money might come into play so on breaking this the trend might be sustainable for a while & we could rally upto 4850-70 type of levels>
Yet the overall sentiment is still bearish.
RAVS Says:
December 26th, 2011
Posted at: 12:30 pm
Hi Lalith, Holding 4800 put at 70. Now it is 60. Plzsuggest wat to do
SAI Says:
December 26th, 2011
Posted at: 12:30 pm
HI KARTIK / KB / LALITH Good Afternoon
$tyleIcon Says:
December 26th, 2011
Posted at: 12:31 pm
market is not going to cross 4820 ressistant level will fal lagain in cuming dayz..
lalith Says:
December 26th, 2011
Posted at: 12:32 pm
When operators are well aware of the Stop Loss that majority people have kept is 4760 they will always want to take that out. I'm just playing against the operators/smart money & they have to take 4782 for me to reverse my trades.
May be I am wrong this time :D
$tyleIcon Says:
December 26th, 2011
Posted at: 12:34 pm
european n us markets to remain close today due to christmas..???
lalith Says:
December 26th, 2011
Posted at: 12:39 pm
Hi $tyleIcon, Boxing Day!!
lalith Says:
December 26th, 2011
Posted at: 12:44 pm
lalith Says:
December 26th, 2011
Posted at: 11:37 am
BUY 4800PE at 62-64 sl 51 (Pure Intraday) .... tgt later
No movement for more than a hour now, lets not take the risk of premium decay, please exit cost to cost
airbites Says:
December 26th, 2011
Posted at: 12:46 pm
Hi lalith,
K.. i got that.
Can u tellme how to take/shortlist a particular swing period to calculate retracements?
Frm above, the nifty is around 61.8% retracement, now what swing period is taken into consideration for that.
lalith Says:
December 26th, 2011
Posted at: 12:46 pm
Hi RAVS, No movement, if stays flat like this premiums will reduce, please try to exit on any rise that you see