Intraday calls for 28-05-12
Markets likely to open flat. Support for nifty is at 4870 and resistance at 4950
Buy Hindalco industries at 111.90, target: 116. Stoploss: 108 – (book profit at 115)
3.08pm – Book profit in 4900ce at 78-80
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piya Says:
May 28th, 2012
Posted at: 7:52 pm
hii cb...
target for axis bank may series fut tomorrow???
CB Says:
May 28th, 2012
Posted at: 7:52 pm
Hi profit, it can test 5020 levels tomorrow it seems
Hi piya, it can head upto 1055. can enter if opens flat.
kv Says:
May 28th, 2012
Posted at: 7:59 pm
hi cb.u didnot reply to my question. dow holiday today? europe market in red.nifty open gapdown tomorrr?i have nifty may calls,wht to do
SM Says:
May 28th, 2012
Posted at: 8:06 pm
Hi CB, Good evening :)
Hi Gitanjali, Good evening. And don't you worry ( and no apologies plz ). I did not take any position in Cardamom. I was planning to short with a SL of 1340. When the market (MCX) opened at 10 am, I was waiting for the first candle to form in my 5 min charts of Cardamom. It completed formation at 10:05 am and was a big candle. Opened at 1312, (which was also the low of that candle), high was 1331.40. Thus a big range. The subsequent 5 min candles had smaller ranges. In fact not one the next 19 candles (on 5 min charts), managed to cross the first candle's high or low. Was getting a feeling that a breakout or breakdown was imminent. Then, the 11:45 am candle made a high of 1338.30 and thus a new high was formed. Then and there I discarded the idea of shorting. But, if you initiated a short, the SL is taken out. I'm sorry for that. Sharing these kind of information during market hours is practically impossible for me. Takes a lot of typing :) Why I'm writing this long post? Just to make you understand why I did not go for shorting. It has got nothing to do with the information you shared about Cardamom. I take only charts into consideration while initiating a trade. So, plz dont feel sad. Cheer up :)
Now lets analyse what else I said. For NG, 144 was the critical zone. Below that the target was anywhere between 140 to 141. As of now, made a low of 141.10. Missed my target by 10 paise :) I hope you made some profits :)
Hi Deepak Bedi, Good evening. Great trade in ICICI Bank and thanks for your kind comments. But please, it was not my call. I had only given my opinion to you. I also told you to watch BankNifty. I guess you know what happened in that :)
profit Says:
May 28th, 2012
Posted at: 8:10 pm
sir cb
thank you;
one more please.
after touching5020 spot,
is nifty possible came down for 3/4 days
namasteji
piya Says:
May 28th, 2012
Posted at: 8:22 pm
thanx cb:)
SM Says:
May 28th, 2012
Posted at: 8:38 pm
Hi Deepak Bedi, sent you a mail :)
CB Says:
May 28th, 2012
Posted at: 8:57 pm
Hi kv, yes, US markets are closed today. nifty is likely to open a bit flat tomorrow
Hi SM, Good evening
Hi profit, cannot be sure yet. depends on how global queues shape up. as of now seems could test 5080 levels if global markets support.
CB Says:
May 28th, 2012
Posted at: 8:57 pm
Hi piya, most welcome.
profit Says:
May 28th, 2012
Posted at: 9:01 pm
thank you sir
CB Says:
May 28th, 2012
Posted at: 9:18 pm
Hi profit, most welcome.
Naran Says:
May 28th, 2012
Posted at: 9:24 pm
Hi CB, I think 200 dma now 5070. is it right sir ??
ARUN BJ Says:
May 28th, 2012
Posted at: 9:28 pm
hi kartik axis bank call 1050 is not moving it touched 1030 today what price can i exit call this
Rise Says:
May 28th, 2012
Posted at: 9:39 pm
sir holding zee learn at 25.6...what price shud i expect in near term ?
SaiPalanivel Says:
May 28th, 2012
Posted at: 9:56 pm
HI CB SIR, TODAY US MARKETS CLOSED ?
Rise Says:
May 28th, 2012
Posted at: 10:03 pm
sir also m holding gail qt 336 where shud i exit....can hold it for only 3 more days :)