Intraday calls for 28-01-11
Markets likely to open lower, Nifty looks weak below its 200 DMA of 5615, if we manage to close below 5615 for a couple of days, we could see 5500 and lower levels
Sell ABB around 720, Target: 705, SL 732 (book profits at 703)
10.13AM – Sell edserv softsystems at 146.60, target: 142. Stoploss: 149.50 – (book profit at 142)
2.03PM – sell bajaj auto at 1246, target: 1228. Stoploss: 1262 – (exit positions at 1256)
Nifty Index/Future Live Chart with RSI, MACD, Slow Stochastic – Click to view
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rashid Says:
January 28th, 2011
Posted at: 3:32 pm
iam long in niftyftuture at 5530,,,,,could we see a gap down opening
Sreejith K B Says:
January 28th, 2011
Posted at: 3:36 pm
Hi ARIJIT, nice :) ... bagged profits na ..???
CB Says:
January 28th, 2011
Posted at: 3:37 pm
Hi Priyanka, can see 1240. hold for 1-2 days
Hi Mac, yes. hold till monday
Hi ARIJIT, nice to hear that
Hi JR, no, don't add these yet
Hi rashid, hold it. lets see how US markets close. possible we see a small bounce.
Kb Says:
January 28th, 2011
Posted at: 3:39 pm
Hi CB, bbb . . .. byee bedi bhayya ...
CB Says:
January 28th, 2011
Posted at: 3:40 pm
Hi Kb, bbye. have a good weekend.
Vish Says:
January 28th, 2011
Posted at: 3:47 pm
Bajaj Auto was exit at 1257, SL also went @ 1262...
How come tgt of 1240 now, I always thought ur SL are very strong...
Hope u would like all to follow SL strictly or else will loose lot of money, what do u suggest sir...
Kb Says:
January 28th, 2011
Posted at: 3:50 pm
Hi CB, happy weekend cbb. . byee :)
Guru Says:
January 28th, 2011
Posted at: 3:53 pm
Hi cb/karthik.. still orbitcorp i have 400 qty. wt we do? buy rate 67.5.
kumar Says:
January 28th, 2011
Posted at: 4:15 pm
H CB/Kartik
I am holding IFCI 60 CA @2.40 and IDFC 160 CA @ 5.00....Can we expect some bounce on this or recovory my money..
Regards
kumar
thangavel Says:
January 28th, 2011
Posted at: 4:27 pm
hi vish i am wit u
Gauri Says:
January 28th, 2011
Posted at: 5:02 pm
Hi CB,
cb where to see 200 dma {which indicators - to be used for that]
raj Says:
January 28th, 2011
Posted at: 5:19 pm
CB holding Bajaj Hindustan @ 103, Renuka @ 98, Tata Steel 631 and IDFC @ 157, please suggest ... last 2 days have been brutal....
CB Says:
January 28th, 2011
Posted at: 5:31 pm
Hi Vish, respect your views.. yes. recently was expecting a small bounce but it never came. yes, bajaj auto technically does look a bit weak. Auto sector as a whole has turned weak. has some support at 1250. if trades below it for some time, can see 1225-1230
Hi Kb, bbye
Hi Guru, yes, if possible hold it for 1-2 weeks. markets are oversold and can expect a bounce next week.
Hi kumar, these levels in stocks as of now seems a bit unlikely unless there is some positive news in markets. for now would advice to exit these if nifty adds another 50-70 points from here
Hi Gauri, you can see it in our charts section. http://nseguide.com/charts.php?symbol=NIFTY .. under the moving avg tab enter 200 in one of the boxes and hit on update chart
Hi raj, yes, markets have corrected quite a bit. we will need to hold these with a little longer term view. possibly 2-3 weeks. once markets improve these will do well. tata steel has limited downside around 600-620 due to the fpo.
raj Says:
January 28th, 2011
Posted at: 5:41 pm
CB what u suggest in a month things will recover ?? Atleast idfc and Bajaj Hindustan??? And If renuka would be great, tata steel is not an issue as its above my cost price...
CB Says:
January 28th, 2011
Posted at: 5:47 pm
Hi raj, yes, could see some short covering in these. would advice to enter couple of nifty 5500 puts on a 40-60 point rise to hedge these.
Sonali Says:
January 28th, 2011
Posted at: 5:57 pm
Hi CB, is it right time to enter market from investment perspective ? If yes please suggest some good shares.