Friday, 31 January 2014

Intraday calls for 31-01-2014

Markets likely to Open Flat,support for nifty at 6030

Buy Aurobindo Pharma with target of 459 stoploss at 449

Short Allahabad Bank on Dip with target of 75.5 stoploss at 79

If index slips Short Dlf.

Calls are based on technicals,note that technicals only give direction but not assure returns.

47 comments:

  1. Sir, holding L & T finance @ 77. Should I average it? Any news of bank licence !!!
    Priya

    ReplyDelete
    Replies
    1. Hello priya,Bank license would mostly be denied for L&t,many reasons behind it,including promoter holding norms,promoter holding should be less than 75 percent as per license norms,but till now L &t has not reduced stake and there are other reasons too

      Delete
    2. Sir, Thank you for the in formation. Should I average it?
      Priya

      Delete
    3. Averaging is advised only if you have long term view,however if there is news that bank license is denied it can correct,so better exit on break even or rise and enter at lows

      Delete
  2. Hi hariji
    I bought barlampur chino at 47 can I buy this share to average. Please need your suggestion

    ReplyDelete
    Replies
    1. Hello ramesh,sugar sector has not boittomed yet,they have been worst performers and i dont see any near term trigger,avoid averaging

      Delete
  3. Sir, ur view on Hindalco & Arvind??Can these be accumulated at these levels???

    ReplyDelete
    Replies
    1. Hindalco can be accumulated,no for arvind,as it trading at support levels.

      Delete
  4. Sir.
    what about IFCI.
    Is it a good stock to hold for a few months/years.

    ReplyDelete
    Replies
    1. Long term looks good as there are some triggres,but for short term not advisable

      Delete
  5. Can we still buy Aurobindo Pharma???

    ReplyDelete
    Replies
    1. Yes,trend is bullish,be patient and wait for a dip to enter.

      Delete
  6. Sir,
    I am holding Jyothy Lab @208, what is the short/long term target ?

    ReplyDelete
    Replies
    1. Hold it,it can test 225 levels if index supports

      Delete
  7. Hi,

    Can i enter FRL for intra now?

    ReplyDelete
    Replies
    1. No,avoid it till it give a break out on either side,its consolidating

      Delete
  8. Sir excellent,no words for aurobindo call.Thanks.

    regards
    Binny

    ReplyDelete
  9. Hariji,

    I am positional trader,hence holding Arvind, Crompton. Now can you say how they are as per technical & chart view.And what target I should look for both to book out.

    Umesh

    ReplyDelete
    Replies
    1. Hello Umesh,crompton technically faces resistance at 117,if 117 is broken short covering can push to 120-122 levels,but index needs to support aleast by not slipping.
      Arvind is volatile now,and faces resistance at 145 and 149 levels

      Delete
    2. As I said I am positional in both, I would like you to give appropriate target for both,and are you still bullish on both , as I can carry position till expiry....

      Delete
    3. The given resistances acts as first targets,if broken then next resistances act as target

      Delete
  10. Hi Hari Sir,
    above u mentioned in one of your replies that ifci is good long term bet as triggers indicate. Just for my knowledge, what kind of triggers are visible ?

    my main query is I want to know at what level can I exit punj lloyd. made a mistake of buying at 32

    ReplyDelete
    Replies
    1. Hello Suraj,Ifci is termed as under valued and in recent past many contra funds are seen picking it up,downside is limited.

      26.9 and 27.4 are tough resistances for punji,seems better to exit on rise.

      Delete
  11. Hi Sir,
    How much upside you can see in oberoi reality for short term. Can one start accumulating ICICI at current level or will it drop further?

    ReplyDelete
    Replies
    1. Icici will drop further,wait for a correction,avoid real estate space as interst rates are high and no sign of coming down,they too can correct

      Delete
  12. Hi Hari Sir,

    Made a blunder by entering FRL @84.2 for intraday. What to do shall I exit at current level or wait to rise.

    Alwyn

    ReplyDelete
    Replies
    1. Hello Alwyn,as its for intraday we have no choice rather than exiting on rise,however 82 is strong support for FRl

      Delete
  13. Great call on Aurobindo !
    what about Strides Arcolab ? After the dividend payout, is it still a good stock to buy?

    ReplyDelete
    Replies
    1. No,avoid it for a while,You can pick it at lower levels.

      Delete
  14. One of your best call sir.hatsoff

    ReplyDelete
  15. sir i have FRL at 92.33 for positional point of view , what to do avg. it ???

    ReplyDelete
    Replies
    1. If you have short term view hold it,its been removed from F nd O segment.

      Delete
  16. GOD,its up by 20 points,Sir can i enter aurobindo at current level??

    vikram

    ReplyDelete
    Replies
    1. No,not advised to enter at current levels.

      Delete
  17. Sirji,

    Arvind broke first resistance of 145 & second of 149 also, so what is your look out in the scrip now......

    ReplyDelete
    Replies
    1. Hello,though it turned bullish beter wait for a close above 149.3

      Delete
  18. Best call Hariji though i exited early.;(

    ReplyDelete
  19. Hi I am stuck in IOC shorted @230 Please tell me the level to average or wht to do now

    ReplyDelete
    Replies
    1. VERY VERY Bad idea to short IOC as 10% stake sale is on cards in FEB with Govt. of India. Thats the reason script is running since 24th Jan 2014.

      Delete
    2. Hello Nithin,do not go for averaging as it can be risky ahead of news flow,today our index can be in downtrend,exit on a dip

      Delete
  20. Hi Hariji,

    I am long in Banknifty for last one week. Any chances of receovery in coming week?
    Also your views on TCS and Nifty on Monday? Thanks!

    ReplyDelete
    Replies
    1. Hello,Avoid longs in Bank nifty,currency depreciation has again started haunting banking scrips,so longs are not advised in banks,exit it on a rise,tcs would be range bound and Nifty can open down and consolidate

      Delete
  21. SIr,
    Your view on Ranbaxy,SBI & LICHF.

    ReplyDelete