Intraday calls for 30-03-10
Markets likely to see a flat opening. Support for nifty is at 5250 and resistance at 5320.
If markets show weakness later during the day, sell: JSW Steel. – (book profits at 1245)
9.03 am – To hedge longs buy a 5300 put at cmp 96 – ( if holding more than 1 lot, then book partial profit at cmp 122 and hold rest with trailing sl at 5270)
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CB Says:
March 31st, 2010
Posted at: 1:42 am
Hi swapnil, seems will remain flat.
Hi SunilRao, thanks.
Hi Stock Market, thanks.
Stock Market Says:
March 31st, 2010
Posted at: 1:51 am
HI CB, See i m jst giving free tips so dat people mst get benefits of it, i hv no personal gains...
SPARC n ADHUNIK will show gain tomorrow,u check n recommend to ur people if u want..
Stock Market Says:
March 31st, 2010
Posted at: 1:56 am
HI CB IF U CAN HELP ME PROMOTE MY BLOG, it will me a true favour to me, http://stocksbazaar.blogspot.com/
CB Says:
March 31st, 2010
Posted at: 2:09 am
Hi Stock Market, sure, no issues. always welcome.
Stock Market Says:
March 31st, 2010
Posted at: 2:15 am
thnx a lot CB, n hv u noticed SE Investment, i think its a bit speculated stcok bt after split next week it cn add around 10-12% more, wht say??
CB Says:
March 31st, 2010
Posted at: 2:15 am
Hi Stock Market, yes. it rallied because gdr was issues at 713 per share.. not really sure how it would react after the split. guess some profit booking may come in
Stock Market Says:
March 31st, 2010
Posted at: 2:19 am
Last few splits hv given rise at least 5-6%, lyk ipca, M&M,renuka, sterlite techno, do u expect d same fro SE Investment as well as Unity Infrastructure, well i m very bullish abt both of dese stocks...whts ur take??
CB Says:
March 31st, 2010
Posted at: 2:33 am
Hi Stock Market, yes. good buying momentum is continuing in them. if markets remain strong, they will do well
SunilRao Says:
March 31st, 2010
Posted at: 2:53 am
Hi CB, Most Welcome.
As I had told you earlier, I was developing a software for Technical Analysis. I'm currently developing a new technical analysis indicator, the Price Wave Oscillator which gives you the exact price to enter and exit a stock, so you can buy a stock when others are still selling and sell the stock when others are still trying to buy. It actually tries to calculate the most probable support and resistance levels from where the price could bounce and to what levels the bounce could at least make it go.
The best part i like about this is one can place buy and sell orders and the beginning of the day and forget about it and the losses would be minimal in case of a failure as the S.L. is placed on minimum margin and targets are placed on maximum margin. :)
I am currently it testing for intraday and the results are very impressive.
Tested it on BEL on 30/3/2010:
Entry Price as indicated: 2154.11
Exit Price as indicated: 2211.05
S.L. as indicated: 2143.75
Day's Low and High of BEL: 2151.10 & 2220.00: Successful :)
Tested it on HindPetro on 29/3/2010:
Entry Price as indicated: 308.60
Exit Price as indicated: 319.55
S.L. as indicated: 307.10
Day's Low and High of BEL: 307.65 & 322.50: Successful :)
Still lots more of testing is needed for this indicator so that it can be used by all of us.
But I still need to make this indicator for short term and long term charts and check the accuracy of the same.
I will keep you posted about the developments. Let's hope for the best :)
CB Says:
March 31st, 2010
Posted at: 8:15 am
Hi SunilRao, great! ill also have a look at this one.
zaheer Says:
March 31st, 2010
Posted at: 9:13 am
morinng cb any call today
Gitanjali Says:
March 31st, 2010
Posted at: 9:24 am
Hi CB,
Thanks for the replies yesterday..could u kindly give the possible entry & exit level 's for hdil and lic .intra please for hdil .
I shall also be trading corp bank..anytime at 488?It is not available for futures' ..is it not?
zaheer Says:
June 15th, 2010
Posted at: 9:20 am
hai CB good morning can i buy rcom at what level
zaheer Says:
June 25th, 2010
Posted at: 11:18 am
hai CB can i go for short jindal steel&power
zaheer Says:
June 25th, 2010
Posted at: 11:21 am
hey there is othere zaheer also
hey zaheer sallam walekum where r u from