Thursday 8 May 2014

Intraday calls for 8-5-2014

Markets likely to open higher.resistance for nifty at 6760

Continue to hold longs in apollo tyres with further target of 171 stoploss at 161

Continue to hold shorts in exide industries.

Book Partially in Biocon,and buy at dip with further target of 484

Continue to hold Arvind.

Accumulate Adani ent and ports at dips

16 comments:

  1. Good morning ,Hari sir
    thankyou for your calls.you are fabulous sir.
    sir I can buy STCI 100@201 11days ago now it is at 182 what can I do hold it or sell it

    ReplyDelete
    Replies
    1. Good morning,Stci is hold for now,put stoploss at 177 for now

      Delete
  2. Sir, what about hindalco, will it cross 140.

    ReplyDelete
    Replies
    1. Hello,yes it will if index doesnt slip,facing resistance at 139 again

      Delete
  3. Sirji,We have not seen any update on your previous picks like Crompton Grieves & Voltas

    Umesh

    ReplyDelete
    Replies
    1. Hello,This blog has given buy on voltas from 110 level and on crompton greaves from 95 level 3 months back,this series i have not picked them.

      Delete
  4. hello sir
    sir what is the target for exide ind

    ReplyDelete
    Replies
    1. Hello,it has taken support at 114,exit and book profits if it breaks 117.3

      Delete
  5. Hari,

    I have entered Biocon at 491.50 in Cash segment, Kindly tell me its Good to hold or exit ?

    Cheers,

    Ravi

    ReplyDelete
    Replies
    1. Hello ravi,You entered at resistance level,Not a good idea,be swift and book on rise,try entering at dip

      Delete
  6. Sir, if positive election results and rupee appreciation, will be favourable for hindalco to cross 160 in may series.
    Manickam

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    Replies
    1. Hello,election results would be main trigger,we dont know how market would react on that day,index is already at life time high,so cant take anything for granted

      Delete
  7. This comment has been removed by the author.

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  8. Thank You Sir. Currently am holding 160ce of hindalco, bought at 2.75, today stop loss hitted at 136.00, shall i hold long positions or exit. Manickam

    ReplyDelete
    Replies
    1. Hello,Do not exit as off now,its high volatile scrip,election results can be trigger,though its not technical reason,but option premiums still remain high,so better await.put stoploss at 134

      Delete
  9. Oh ok. Thanks a lot sir. Got confused due to volatility. I will maintain the stoploss given by you. Manickam

    ReplyDelete

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