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amitagg
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Post: #301  Posted: Sun Apr 06, 2014 12:19 am Post subject: |
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| mikky wrote: | NIFTY halt its up move and as expected reached exactly 23% retrenchment . Now next target on the downside would be 6645-6604-6564.
NIFTY is in trading range of 12500-12800, if it breaks next string support is 12250. Look for opportunity to BUY banks near 12250.
CNX IT has strong upport @9200, BUY in IT stock for long term as IT stocks bottoming out.
NIFTY trend is UP and intact. |
Mikky...i have been seeing...u are over medium to long term of 1-5 years, bullish in IT stocks.......any rationale....they have risen stupendously.....while i have heard similar things of them rallying much much more and more than anticipated, can u share some views on what makes u bullish....what i heard was only EW projections.....giving them much more returns from here on..... |
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mikky
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Joined: 16 Feb 2014
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| Post: #302 Posted: Sun Apr 06, 2014 7:15 pm Post subject: |
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US and European economies are recovering. Whenever economies recover, big companies spend money on IT. Also lot of Merger & Acquisition is happening in US and Europe which can generate lot of IT work. Hence Indian IT giants are expected to get billions of contracts in coming years.
Now IT has completed correction, good time to buy IT stocks for medium to long term. |
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amitagg
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| Post: #303 Posted: Sun Apr 06, 2014 10:52 pm Post subject: |
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| mikky wrote: | US and European economies are recovering. Whenever economies recover, big companies spend money on IT. Also lot of Merger & Acquisition is happening in US and Europe which can generate lot of IT work. Hence Indian IT giants are expected to get billions of contracts in coming years.
Now IT has completed correction, good time to buy IT stocks for medium to long term. |
okay...Nasdaq breaking down somwhat below all time high of 4572...current 4127.... |
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mikky
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| Post: #304 Posted: Mon Apr 07, 2014 8:51 am Post subject: |
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Amit,
stock market is not a true reflection of economy recovery. Tapering is the sign of strength in economy and secondly interest rate increase is also show revival in recovery, which is going to come soon in coming year(s).
NASDAQ is falling from high on profit booking. It will recover soon. |
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mikky
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Posts: 1442
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| Post: #305 Posted: Mon Apr 07, 2014 9:30 am Post subject: |
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| SELL SUN PHARMA 580 CE @20 TGT 15-12-8 SL 25 |
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mikky
Green Belt
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Posts: 1442
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| Post: #306 Posted: Mon Apr 07, 2014 9:34 am Post subject: |
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SELL Dr REDDY LAB APRIL 2700 CALL
Second TGT Done ---- Book Some Profit
Made Low of @34 |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #307 Posted: Mon Apr 07, 2014 11:09 am Post subject: |
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SELL BANK NIFTY APRIL 13000 CALL (97) and 11200 PUT (9.75) Combined premium 106.75 ---- Target 2 done..... ----- CALL CLOSED
Trader can hold with target 0 on both..... |
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mikky
Green Belt
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Posts: 1442
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| Post: #308 Posted: Mon Apr 07, 2014 2:21 pm Post subject: |
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SELL Dr REDDY LAB APRIL 2700 CALL Near Third TGT
BOOK FULL PROFIT @27.55
CALL CLOSED |
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mikky
Green Belt
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Posts: 1442
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| Post: #309 Posted: Mon Apr 07, 2014 8:17 pm Post subject: |
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UPDATE ON OPTIONS
**************************************************************
SELL BANK NIFTY APRIL 13000 CALL (97) and 11200 PUT (9.75)
Entry Price = 206; Exit Price = 106.75
PROFIT/LOSS = 206-106.75(2481.75) ---- CALL CLOSED
**************************************************************
BUY NIFTY APRIL 6300 PUT AVG PRICE (CMP 2.70 )
Entry Price = 32.5
PROFIT/LOSS = 32.5-1.70(-1500)
**************************************************************
SELL Dr REDDY LAB APRIL 2700 CALL (50.20)
Entry Price = 62; Exit Price = 27.55
PROFIT/LOSS = 62-27.55 (4306.25) --- CALL CLOSED
**************************************************************
SELL SUN PHARMA 580 CALL (22)
Entry Price = 20
PROFIT/LOSS = 20-22 (-1000) |
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mikky
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Posts: 1442
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| Post: #310 Posted: Tue Apr 08, 2014 9:43 pm Post subject: |
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NIFTY was choppy on Monday and end up flat. Going forward NIFTY will remain choppy for couple of more days.
BANK NIFTY was choppy. It is in correction mode. BUY Banks on dips.
CNX IT has strong support @ 9200. Buy IT Stocks on dips. |
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mikky
Green Belt
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Posts: 1442
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| Post: #311 Posted: Wed Apr 09, 2014 9:20 am Post subject: |
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| SELL TCS 2150 PE @ 47.40 TGT 38-30-25 SL 58 |
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mikky
Green Belt
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Posts: 1442
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| Post: #312 Posted: Wed Apr 09, 2014 9:37 am Post subject: |
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| SELL NIFTY FUT @6755 TGT 6735-6720-6700 SL 6775 |
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mikky
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| Post: #313 Posted: Wed Apr 09, 2014 11:31 am Post subject: |
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| SELL TCS 2150 PE ---- STOP LOSS HIT |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #314 Posted: Wed Apr 09, 2014 1:55 pm Post subject: |
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| NIFTY FUT Stop Loss HIt ---- EXIT |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #315 Posted: Wed Apr 09, 2014 2:38 pm Post subject: |
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| BUY BANK NIFTY 13100 CE @175 TGT OPEN SL 100 |
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