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Hello all, sorry due to personal busyness unable to post last night.
Market set to run for 5000 But Our Rs. Not in supporting mood.
For nifty 4838 is good support Please make SL 4838 and go for 4985-5030-5070.Mightbe we will go to see this week. (5030 Thursday)
4911 will become small support if gap up opening, Go along with SL 4911 for 4970-4985-5000-5030-5070.If move 4970 please make your SL 4070 and hold for next three target. If I am not wrong tomorrow we are going to see 4985 100% 5 point - +. Overnight carry forward can do for two days no bad news will come till Wednesday. (PLEASE ADD Rs. MOVEMENT)(Rs. In bad mood can make bad mood for our market)
Sbi Wow what good result Even I think only 3300cr. ……I told people please buy…result will good but ………People love to give target not to get money.
Sbi for tomorrow If opening around 2040 ……give some time and buy with SL 2040 for 2100(Wednesday).
DO not short SBI ……NEXT 3-5% moves can come in minute .Protect your capital. If Rs. Movement can Support.
IF SBI reach 2140 and dollar price 55 please go for short might be again 1900 within 10 days.
Our Government in wait and watch policy ….they will come after 57 ….to bring 55.God know I voted Congress But now thinking why?
Gold buyer if you are in India not to buy ……..If Rs. Strong ….than gold will show correction. Now Gold running 1592$ can come within three day 1575$.Keep eye on Rs. and SL. Please protect your capital.
Spice Jet is good to buy if come near 23-26 3-6 month targets 40. AP PAPER buys for three month.
I DO NOT HAVE ANY HOLDING AND I AM NOT TRADING TODAY.
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bought SBI 1950 put at 37.90.... ;-) lets see how it plans out tomorrow... the stock should see profit booking tomorrow... and also the high $ value is a matter of concern... also the morgan stanley has cut outlook on indian economy.... hopefully might get some profit... what say fellow board members......
RBI provided foreign currency to OMCs during collapse of lehman brothers to check rupee volatility. It wont have any significant affect on CAD. However, Direct foreign currency could also help in marginally lowering the import bill.
http://t.in.com/cnSW...
1600-1700 was on cards if the results would not have come over expectations but now even If Rupee falls to Rs57 then you may see SBIN upto @1800, not less than that...And rupee effect is not limited to SBIN only, You`ll see the same downfall in all the fundamental & more in high beta stocks........
His opinion was for traders and it is true, operators will create volatility and squeeze out the bulls.
However, some here suggest SBI is going down to 1600-1700 levels. I find that utterly laughable and is possible only if a couple of EU countries go bust...
But I do intraday trading at the moment and learning short term calls now. Will try giving short term calls, like for 2-3 weeks after a month.......
