Monday, 30 September 2013

Intraday calls for 30-9-2013

Markets would open lower,support for nifty at 5800

If index recovers later during the day buy india cements with a target of 51.60

If bank index recovers one can go long on karnataka bank.

If nifty moves further south side short bharat forge if it breaks 245.5 with a target of 242 sl at 252.2

if nifty weakens short mcleod russel with target of 250,249 sl@257, lic housing can be shorted if bank index weakens with a traget of 189 sl@198

apart from this bearish on future retail,asian paints.

Further calls would be updated during market hours.

It would be better to trade with strict stop loss.

26 comments:

  1. Sir, What is the support level for banknifty

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    1. support at 9685,9536,9455 expecting a bounce back from 9685

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  2. Please guide for Future Retail, short term and long term trend.

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    1. it has weak fundamentals firstly,short term is bearish,waiting for a conformation to short in futures.next few sessions it would trade weak.
      rumours are going n about some deal on it.

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  3. SALUTE TO YOU SIR EXITED LIC WITH PROFIT.HAPPY FOR THE DAY

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  4. This comment has been removed by the author.

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    1. i dont think so suresh,it has tough resistance at 51.9-52 which it failed to break many a times,il explain you one basic formula if a scrip opens high and moves slightly higher then many wil enter but after that if it dramatically comes down then there wil be smal investors who are holding tight their mouse to exit,in this scenario if any punter enters and uplls it slightly down then many will exit who bought at high levels which will create selling pressure.
      ofcourse its not in the case of india cem,am telling you in general scenario where there is no news flow.

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  5. Replies
    1. its trading very weak.support at 274 levels.moving with index

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  6. Replies
    1. no call yet,on same work wil update if i get.

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    2. bullish on chambal fert and biocon.enter at a dip.

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    3. gave call 35.8,its now 36.40.hope anyone enterd.

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    4. DATTHA JI I PICKED AT 35.9, 4 LOTS,IN PROFIT NOW.SHOULD I EXIT

      REGARDS
      NAINA

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    5. exit partialyy.hold two lots.its bullish counter.

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  7. Sir as expected airtel broke 317. I have open position in 290 Pe bought when airtel was 234. Shall i book profit or further downside is left? Also what ur view on Ibreal, it broke its support at 53.50
    Regards
    Soumik

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    1. it broke 313 also,seems further downside can be seen,ibreal can be shorted on rise,be a swing trader keep shorting and keep exiting and re entering

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  8. Ok Sir. Thanx for the technical check. To me Bank nifty is heading towards 8890 to fill the gap therein created and in absence of any favourable news that possibility is not ruled out.
    Regards,
    Soumik

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    1. it is possible but i think we may not go that down as there can be some positive news ahead.

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  9. Nifty is further slipping down any negative new now?

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    1. its taking cues from global markets.no news yet.

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  10. Took DLF CE 145 @ 6.30. Should i hold it?

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    1. hold it,it has support at 127 exit if it breaks 124.

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    2. Do you provide tips for fees?

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    3. Yes, but not daily only on specific days,you can contact me with message form on blog.Good luck

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