This blog would provide intraday calls on Equity cash segment based on technical tools.Calls would be updated every day by 8.55 am.Instead of giving one typical call where there is every chance of loosing bet,this blog would provide 3-4 calls at a time,so that readers can take a position on their own analysis.For subscription of calls contact through Contact form on Blog or mail to "Sriharidattha@gmail.com".
For live calls and commentary on Markets,Follow me on twitter Haridattha{@Haridattha}.
Tuesday, 24 September 2013
Book profits
Book profits in crompton greaves at 86 and exit it. all targets achieved today.cheers!!
rcom is gud on charts,if you have taken it as an short term bet its wrong investment,if it is before expiry bet its gud,it needs support from index.exit if it breaks 151.
Yes i do.But am not sure how many of my readers will quickly enter as prices change every minute,they ask me that the price which i asked to enter was missed and wat to do,which leads to un necessary confusion.so i dont.
I am an amateur trader and learning to forecast the price everyday. If I may ask, how do you arrive at whether a certain stock will go up or down on intraday before even the market opens ? What all aspects do u look at. It would be a great help for many of us here if you could do a write up around how to do research before intraday.
Hie manish,glad to know that you are interested in tracking market,my answer would be to follow charts..they comunicate us very well every minute,,view it with perfect rationality keeping in mind support and resistance levels.That would me more than enough for a sucessful trade.
Hi dattha ji, i am having a doubt on expiry of nifty lots. As it is clear that 26 sep is going to be the expiry day. Then till what date we can trade with nifty lots. On Friday also we can trade sep lots which is 27thsep. please clear my confusion.
Hie suresh you cant trade on 27,contracts get expired on 26 at closing bell,however if its future contract you can roll over your contract to next series and dis feautre is not available with options.
This raised another question for me, please allow me to ask sir,
If on 26th sep cotract expires, if i have 5900 ce , (say) on 26th nifty closes at 6000, and 27th nifty closes at 6100.... on what day they will execute this contract and which point of close they take into consideration for execution
suresh,27 doesnt come into picture at all.as 26 th is expiry,all contracts get expired on dat day closing bell,all counterpartys have to respect their obligation. Seems you are confused.26 sept expiry itself mentions that contracts get expired on that day.They wil take into consideration the closing price on 26.
Hi Hari Dattha, I am new to the world of intraday trading and trading in derivatives. What do you mean by "shorting" and how do you do it in sbicapsec/icicidirect/..in any brokerage? Please answer before eod and I will start from tomorrow itself.. Thanks a lot in advance...
Hie,intraday refres to closing positions on that day itself.if you buy,uil sell it back at 3,if you are short,u wud buy back at 3. Shorting means selling the stock without holding it. for example if you feel that tomarow index will fal(which is at 6000)l,then you will short the index contract,at the end of the day if your analysis comes true and index falls to 5900,then u wud squareoff{buy} at 5900..in total 100 is profit for you.selling at high,buying at low.
Regarding how to trade,u need to consult your broker he wud xplain you the best.Dont enter into trading without having clear knowledge on fundamentals,else uil burn your hands. Good luck
Thank you Hari. Really nice of you to reply in such an elaborate manner. Just a small clarification. You had mentioned "Short crompton greaves with a target of 86.9 sl at 93"..which means you would buy back Crompton if it reaches 86.9 and sell it having a stop loss at 93.
ya you are right.am selling at 89,with a target of 86.9..that means wen it reaches 86.9 i would square off {buy in this case} making a profit of 2.10, i have kept stop loss at 93.that means when it reaches 93 my position will get automatically squared off, that results in loss of 4 rupees.
Thank you Hari once again. Is this concept applicable only to margin products or even to those stocks which are taken at intraday and can be converted to delivery and vice versa?
Well sir Congo as u achieve ur targets everyday
ReplyDeleteI want to know about rcom
how long it will go or one should exit I purchesed today @155
rcom is gud on charts,if you have taken it as an short term bet its wrong investment,if it is before expiry bet its gud,it needs support from index.exit if it breaks 151.
Deletesir failed to enter aurobindo pharma,but made good profits on crompton greaves..Thank you sir..thanks a lot.keep going.god bless
ReplyDeleteWelcum pradeep.
DeleteBhai i would pay,please provide online support as am new here,messaged you through form on this blog,didnt get reply.kindly reply.
ReplyDeleteRegards
Robin
Hie robin ,its not posible to provide continuos support as i have other comitments,however i do answer queries regularly.
DeleteSir do u provide any option calls?
ReplyDeleteYes i do.But am not sure how many of my readers will quickly enter as prices change every minute,they ask me that the price which i asked to enter was missed and wat to do,which leads to un necessary confusion.so i dont.
DeleteHello Hari Ji,
ReplyDeleteI am an amateur trader and learning to forecast the price everyday. If I may ask, how do you arrive at whether a certain stock will go up or down on intraday before even the market opens ? What all aspects do u look at. It would be a great help for many of us here if you could do a write up around how to do research before intraday.
Thanks for your great work.
Hie manish,glad to know that you are interested in tracking market,my answer would be to follow charts..they comunicate us very well every minute,,view it with perfect rationality keeping in mind support and resistance levels.That would me more than enough for a sucessful trade.
DeleteHi dattha ji, i am having a doubt on expiry of nifty lots. As it is clear that 26 sep is going to be the expiry day. Then till what date we can trade with nifty lots. On Friday also we can trade sep lots which is 27thsep. please clear my confusion.
ReplyDeleteHie suresh you cant trade on 27,contracts get expired on 26 at closing bell,however if its future contract you can roll over your contract to next series and dis feautre is not available with options.
DeleteThis raised another question for me, please allow me to ask sir,
DeleteIf on 26th sep cotract expires, if i have 5900 ce , (say) on 26th nifty closes at 6000, and 27th nifty closes at 6100.... on what day they will execute this contract and which point of close they take into consideration
for execution
suresh,27 doesnt come into picture at all.as 26 th is expiry,all contracts get expired on dat day closing bell,all counterpartys have to respect their obligation.
DeleteSeems you are confused.26 sept expiry itself mentions that contracts get expired on that day.They wil take into consideration the closing price on 26.
Thanks sir for your consecutive susessful calls.booked profits in indiabulls real estate.thanx a lot
ReplyDeleteHi Hari Dattha,
ReplyDeleteI am new to the world of intraday trading and trading in derivatives. What do you mean by "shorting" and how do you do it in sbicapsec/icicidirect/..in any brokerage?
Please answer before eod and I will start from tomorrow itself.. Thanks a lot in advance...
Hie,intraday refres to closing positions on that day itself.if you buy,uil sell it back at 3,if you are short,u wud buy back at 3. Shorting means selling the stock without holding it.
Deletefor example if you feel that tomarow index will fal(which is at 6000)l,then you will short the index contract,at the end of the day if your analysis comes true and index falls to 5900,then u wud squareoff{buy} at 5900..in total 100 is profit for you.selling at high,buying at low.
Regarding how to trade,u need to consult your broker he wud xplain you the best.Dont enter into trading without having clear knowledge on fundamentals,else uil burn your hands.
Good luck
Thank you Hari. Really nice of you to reply in such an elaborate manner.
DeleteJust a small clarification. You had mentioned "Short crompton greaves with a target of 86.9 sl at 93"..which means you would buy back Crompton if it reaches 86.9 and sell it having a stop loss at 93.
ya you are right.am selling at 89,with a target of 86.9..that means wen it reaches 86.9 i would square off {buy in this case} making a profit of 2.10,
Deletei have kept stop loss at 93.that means when it reaches 93 my position will get automatically squared off, that results in loss of 4 rupees.
Thank you Hari once again.
DeleteIs this concept applicable only to margin products or even to those stocks which are taken at intraday and can be converted to delivery and vice versa?
its available in intraday only not for delivery.
DeleteDattha ji your calls are making me confident in market.though earned small profit but m confident now.Thank you.
ReplyDeletewelcum.gud luck
Deletehai dattha ji
ReplyDeletewats the niffy future target for tommorow
seems may remain lower and rangebound.
Deletepl post your photograph here...thnx sir.
ReplyDeleteTHANK YOU SIR FOR UR CALLS.
ReplyDeleteShort Tata Steel Oct Futures in the range of 296-299 Target 275 SL 306
ReplyDelete