Intraday calls for 30-05-12
Markets likely to open lower. Support for nifty is at 4930 and resistance at 5050.
If markets show recovery later during the day, buy: Reliance industries above 695 – (Book profit in Ril at 707)
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gaps Says:
May 31st, 2012
Posted at: 12:46 am
hi cb, holding jain irrigation at 71.70 and sail at 94. can hold it for 3-4 days. plz advice
Sohan Says:
May 31st, 2012
Posted at: 1:00 am
Hello CB,
Do you think markets will go in downtrend ?
There is so much negative news.
There has been quite some losses lately and i have lots of holding.
Sohan
Sohan Says:
May 31st, 2012
Posted at: 1:42 am
Hi SM, thank god, you are here.
I was scanning thru messages and came to know you were upset.
Please be here.
Sohan
CB Says:
May 31st, 2012
Posted at: 2:01 am
Hi gaps, yes, these are a hold for now. jain irr has support at 70 and sail at 90. in case jain irr breaks 70, would advice to exit 50% and add again on dips near 65-66
Hi Sohan, as of now if manages to close below 4930, it could head back to 4850 levels. lets see. as of now seems may open a bit lower tomorrow. also expiry and gdp data tomorrow
smkelkar Says:
May 31st, 2012
Posted at: 5:56 am
its expiry day, i think we will finish the series 30-40 points down to 30th closing.
SM Says:
May 31st, 2012
Posted at: 6:26 am
Hi care, GM. Hope CB's reply helped. For Cardamom, the level you mentioned was the recent high. There is a risk. If at all any security hovers around the recent high, there are ample chances for it to cross that high and people going short will be trapped. One idea can be to short at 1360 to 1365 (if we get it) with SL at 1375. Otherwise below 1290 it may turn weak. We will have to see.
NG looks weak too
SM Says:
May 31st, 2012
Posted at: 6:27 am
Hi Sohan, GM :)
Venkat Says:
May 31st, 2012
Posted at: 7:50 am
CB Sir, CM :), Holding 4900 Put Kindly give me a Exit Price.
CB Says:
May 31st, 2012
Posted at: 7:54 am
Hi smkelkar, yes, does seem so
CB Says:
May 31st, 2012
Posted at: 7:54 am
Hi Venkat, Good morning. its a hold for now. can test 4910-4930 today
TP Says:
May 31st, 2012
Posted at: 8:02 am
Morning CB. What is your view on GDP numbers today. N how market will react. can I shot yes bank today at 328
CB Says:
May 31st, 2012
Posted at: 8:14 am
Hi TP, Good morning. yes, will remain volatile today it seems. can short yes bank with sl near 333
Gitanjali Says:
May 31st, 2012
Posted at: 8:40 am
Hi CB,GM.THANKS A LOT. Hi SM, THANKS A LOT .Shall follow up on those levels ,in cardamom.You are right .It is showing aggressive bullish trend .Next series may be in the 1400 levels! Will go short in NG ,if possible at higher rates .
Take care ..HAPPY TRADING:}
CB Says:
May 31st, 2012
Posted at: 8:40 am
Hi Gitanjali, Good morning.. most welcome.
manohara Says:
May 31st, 2012
Posted at: 9:47 am
hi cb sir,gud morng,.i want to trade in sbi,,in which position i entered to call/ put options in sbi?