Intraday Trading

jassinko

Well-Known Member
27/02/2013 Wednesday


Buy Bhel at 204.50-205.50 SL < 202 Target = 209-213

NF to rally > 5782 keep SL 5743

NF > 5782 it's 5821 5860 5900 5938

Today's range is 5820-5742 TS 5800
Kthakker bhai...what is the expectation from budget...will mkt rally towards 5900 tomorrow or will it breach 5700???? m holding 5800 call at 120....i know i cant get my price but what is the level u suugest me to exit tomorrow??
 

kthakker0

Well-Known Member
Kthakker bhai...what is the expectation from budget...will mkt rally towards 5900 tomorrow or will it breach 5700???? m holding 5800 call at 120....i know i cant get my price but what is the level u suugest me to exit tomorrow??
Mkt is sure to rally and my target is 5938+

Tomorrow is the D-Day (Last day of the series + Budget) a real killer. Traders like you and me will be termed smart if we don't trade.

NF trading + closing > 5782 will see further rally towards my target. So follow 5782. NF will not see any further fall as whatever fall was necessary has been achieved and now it's only one way UP for NF. But still keep today's low as SL.

You can buy March 5700 put when NF trades 5938+ as mkt should fall from this level.

Since this will the last budget of Congress and it should be ages before Congress can give any of them in future. So its unpredictable, the best way to welcome this budget is don't predict anything just keep yourself free tomorrow to hear Chiddu's bakwas.

Bye
 

kthakker0

Well-Known Member
28/02/2013 Thursday

Hi all,

What type of work will you do if you know that, this is perhaps the last time you will be doing it?

Chiddu knows it and is going thru the same condition and feelings.

If we know Congress properly, Congress will not hesitate to throw India to dogs and make it own survival the first priority. I expect some elements of throwing India to dogs in this budget.

After all its a largest political party and know's India in / out. The budget should be be like a "Slow Motion Time Bomb" to the winning party of 2014.

Lets hope that this "Slow Motion Time Bomb" does not destroy The Financial Fabric of India, as we have already seen Congress destroying it in the past for some very petty reasons.

So, again the same question. What type of work will you do if the work that you are doing is perhaps your last and you won't be able to do it for some very long time to come.

Its not easy to give answer's to such question and to yourself. But this is how market performs.

No matter what the budget is. The market always tells us what to do and expect.

5820 is the strongest support. Expect 5782 if broken but not below it.

Today's trading and close > 5860 signal's that sentiment have already changed drastically and to go long.

Today's range is same as yesterday's but Market has already crossed it in opening, signalling more good than bad.

But as always do keep your finger's crossed.

Even closing > 5820 will be a very good sign

Bye