Friday, 20 September 2013

Intraday calls for 20-9-2013

Today movement would be based on Rbi policy . Resistance for nifty at 6194

If Rbi impresses the street go long on allahabad bank and yes bank.

If nifty strengthens buy gail with a target of 332,334 sl at 323

buy biocon with a target of 345 347 sl at 331.


All IT stocks are shorting ideas bearish on Techm and wipro.

As posted earlier bullish on ambuja and acc, if ambuja manages to sustain the current levels it would see higher levels further

Further calls would be updated during market hours
PS: as yesterday and todays movement is entirely due to newsflow ,technicals in most cases wont work so trade with a strict SL and dont enter in early trade.

18 comments:

  1. sir..if RIB doesnt chnge the rates ..wat do u think could be the effect to the banking sectors?

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  2. Gud morning Hari sir,
    Just clarifying on the term period in months when you say go long in Allahabad and yes bank.

    Also, post hearing the credit policy do you advice to go long from cmp or wait for a small pullback before re entering to go long.

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    Replies
    1. Hie suraj,sory for late reply.was in a seminar.
      rbi hiked rates ,dont enter,profit booking and correction wil bring them down.
      wen i give buy it is for next two r three sessions,allahabad bank was hammered and it has seen fresh buying lately.

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    2. Ah... that's perfectly alright Hari sir. You were bang on time for making the decision post the rbi declaration. Thnx

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  3. Hi....
    Can gmr infra , south Indian bank and spice jet be entered at cmp ?

    ReplyDelete
    Replies
    1. hie,dont enter now,let correction phase complete.its volatile now

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    2. gmr infra and south india bank are good short term bets,dont go for spice jet its debt ridden company no prospects are seen in near future unles a deal is declared

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  4. sir ..holding yes bank @366
    should i exit or hold?

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    Replies
    1. it has support at 329.6 exit if it breaks.

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  5. holding sbi @1800..wat to do?

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    Replies
    1. it has taken support at 1694 which is strong support..wait and book on rise..dont hold it

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  6. Can i enter suven life sciences for long term (1 year). Do you suggest any good stocks for 6months to 1 year term

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    Replies
    1. not sure of suven,go with fmcg and chemical fertilizers for now

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  7. sir i have asian paints @440, allahad bank@82 and jp associates @38. Can i hold these shares for one month. plz suggest

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    Replies
    1. Hold asian paints and allahabad bank.exit jp on rise..Jp is an bit risky bet.

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  8. sir thanks fgor ur call on gail, i exited at 336, sir would u please share how did u select such pick which zoomed up in even bear market?? dont say suppoort and resistance sir..i knw ur reply would be that

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    Replies
    1. Pradeep its really support and resistance levels,i only trust that and all my calls wud be bases on that,i have replies someone in the afternoon regarding sbi query,as you can clearly observe it took support at that level and bounced slightly.try tracking them.good luck

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