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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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Post: #601  Posted: Tue Jan 31, 2012 9:45 am Post subject: |
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| anand1234 wrote: | hi...............
plasm I was getting profit from Tisco 400PE around @ 7.2...........but I did not book...................for look more profit............if we can c tatasteel to come around 430 level as per u..............then how much this PE can move pls guide
thanks
anand |
Hi anand,
If the market goes down, then you'll see much lower levels of tata steel than 430. So dont get worried about the profit. You bought the option around 6 rupees right? You wont lose much anand. Keep a stoploss of 5. Your option wont move much even if the stock goes down by another 20 rupees. It will move only when the stock breaks the 420 levels. Till that time, it will be showing only minor changes.
Regards,
Sam |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #602 Posted: Tue Jan 31, 2012 9:55 am Post subject: |
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| psalm wrote: | | anand1234 wrote: | hi...............
plasm I was getting profit from Tisco 400PE around @ 7.2...........but I did not book...................for look more profit............if we can c tatasteel to come around 430 level as per u..............then how much this PE can move pls guide
thanks
anand |
Hi anand,
If the market goes down, then you'll see much lower levels of tata steel than 430. So dont get worried about the profit. You bought the option around 6 rupees right? You wont lose much anand. Keep a stoploss of 5. Your option wont move much even if the stock goes down by another 20 rupees. It will move only when the stock breaks the 420 levels. Till that time, it will be showing only minor changes.
Regards,
Sam |
hi......plasm
thx for ur valuable comments
thanks
anand |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #603 Posted: Tue Jan 31, 2012 9:55 am Post subject: Re: Tata Global |
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| psalm wrote: | | psalm wrote: | | psalm wrote: | | psalm wrote: | Tata Global:
One can buy this stock for a very short term. The buying range can be 96-97.2. The Stoploss here could be just below 95.5. One can expect the stock to test 105 in a day or two.
NOTE: Always remember to place the Stoploss. Get out of the position if the Stoploss is triggered.
Regards,
Sam |
A buy has been triggered for the TATA Global Buy call....Dont forget to place the stoploss.....\
Regards,
Sam |
Tata Global is trading around 103 now....Those who wants to book profit can book profit now. Else, modify the stoploss just below 100 and look for levels around 104.8.
Regards,
Sam |
Tata Global is around 104 now. Book Profit and Close the position.
Regards,
Sam |
Tata Global is trading below 102 now...  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #604 Posted: Tue Jan 31, 2012 10:08 am Post subject: Re: SBI |
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| psalm wrote: | SBI:
One can sell SBI in the range 2050-2065 with stoploss above 2070 for targets of 1985 and then 1935.
Regards,
Sam |
Those who have shorted the stock, please maintain the stoploss....
Regards,
Sam |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #605 Posted: Tue Jan 31, 2012 10:32 am Post subject: HDFC Bank |
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HDFC Bank:
One can sell HDFC Bank in the range 485-487.5 with stoploss above 488 for targets of 470 and 455.
Regards,
Sam |
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #606 Posted: Tue Jan 31, 2012 10:35 am Post subject: Re: Strategy |
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| psalm wrote: | | ESNMURTY wrote: | Hi Psalm,
Good Morning.I am finding it difficult to take positional shorts in stocks as huge money gets involved.On the other hand if we take PA the cost of PA are on the higher side because its only the 3rd day in the new settlement and time decay will eat in the falling price of the scrip.What to do? |
Hi Murty,
Let me tell you a few things first. There is no confirmation for the bearishness of our market although we had a sell-off yesterday. Yesterday's move was just profit booking and LONG unwinding. People might have closed the LONG positions created after 5080-5100 levels. There could be some fresh SHORT positions as well. However, as long as the market is above 4900, there will be buyers. But the fact is that it wont take much time to break 4900 levels and all. You know what happened during the previous swing to 5400 right? It went there, then everyone was talking about the market breaking out. But suddenly market crashed and made a new low at 4531. I'm not saying that it will happen this time also. But what I'm saying here is that anything is possible. Technically, in some way or other, this pullback is healthier than the previous swing which went to 5400 levels. But only time will tell if it is enough for the market to breakout. So, one needs to be pretty careful. There is nothing wrong in investing or trading with 20 or 25 % of the total capital you have. But even then you should be careful. The thing is that you'll get great opportunities to go LONG if the market crosses around 5300 levels. But if not, you'll have to wait, because the market might test 4500 levels again. You have seen what happened with individual stocks when the market goes down by 10 or 15%. The midcaps and small caps will go down by 30 to 50%. Thats a huge erosion. For example, KS Oils was trading around 50 a year back. It has crashed by almost 90% to around 5 rupees. However, suppose one has bought the stock at 6 rupees, if the stock goes to 3 rupees, the new investor is still making a loss of 50%. So, one has to be very careful. This is nothing new info for you. I know that, but i'm just saying. I dont want anyone to lose their money. Even if you dont make money today, its fine. But make sure that you are not losing any. 
By the way, talking about your concern on shorting the stocks, I think you should follow what you have been doing. You dont have to do anything new here, especially if it is a bit riskier. But If you are having difficulties in shorting the futures, you can buy PUTs, I guess. I understand that the premium is a bit on the higher side now. But one thing you should remember is that since this is the beginning of the month, there wont be huge fluctuations on the premium. Means the premium will be somewhat stable. That's why I have given a call to buy NIFTY 5000 PUTs. I have asked them to buy 5000 PUT around 48 rupees with stoploss below 40. I knew that the buyer wont get much returns even if the market goes down by another 50 points or so. But I have selected it as it was a safer option because, even if the market goes up by another 50 or 60 the buyer wont be making a heavy loss. The PUT is currently trading around 70. That means a return of almost 40% which is not bad and if the market goes down further from here, then the investor will be making further gains. Similarly, you can look at buying PUTs of lower Strike Price or CALLs of Higher Strike Price. You wont incurr much loss even if the underlying moves significantly.
Regards,
Sam |
Very grateful for patient reply taking all the concerns into account. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #607 Posted: Tue Jan 31, 2012 10:43 am Post subject: Re: Strategy |
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| ESNMURTY wrote: | | psalm wrote: | | ESNMURTY wrote: | Hi Psalm,
Good Morning.I am finding it difficult to take positional shorts in stocks as huge money gets involved.On the other hand if we take PA the cost of PA are on the higher side because its only the 3rd day in the new settlement and time decay will eat in the falling price of the scrip.What to do? |
Hi Murty,
Let me tell you a few things first. There is no confirmation for the bearishness of our market although we had a sell-off yesterday. Yesterday's move was just profit booking and LONG unwinding. People might have closed the LONG positions created after 5080-5100 levels. There could be some fresh SHORT positions as well. However, as long as the market is above 4900, there will be buyers. But the fact is that it wont take much time to break 4900 levels and all. You know what happened during the previous swing to 5400 right? It went there, then everyone was talking about the market breaking out. But suddenly market crashed and made a new low at 4531. I'm not saying that it will happen this time also. But what I'm saying here is that anything is possible. Technically, in some way or other, this pullback is healthier than the previous swing which went to 5400 levels. But only time will tell if it is enough for the market to breakout. So, one needs to be pretty careful. There is nothing wrong in investing or trading with 20 or 25 % of the total capital you have. But even then you should be careful. The thing is that you'll get great opportunities to go LONG if the market crosses around 5300 levels. But if not, you'll have to wait, because the market might test 4500 levels again. You have seen what happened with individual stocks when the market goes down by 10 or 15%. The midcaps and small caps will go down by 30 to 50%. Thats a huge erosion. For example, KS Oils was trading around 50 a year back. It has crashed by almost 90% to around 5 rupees. However, suppose one has bought the stock at 6 rupees, if the stock goes to 3 rupees, the new investor is still making a loss of 50%. So, one has to be very careful. This is nothing new info for you. I know that, but i'm just saying. I dont want anyone to lose their money. Even if you dont make money today, its fine. But make sure that you are not losing any.
By the way, talking about your concern on shorting the stocks, I think you should follow what you have been doing. You dont have to do anything new here, especially if it is a bit riskier. But If you are having difficulties in shorting the futures, you can buy PUTs, I guess. I understand that the premium is a bit on the higher side now. But one thing you should remember is that since this is the beginning of the month, there wont be huge fluctuations on the premium. Means the premium will be somewhat stable. That's why I have given a call to buy NIFTY 5000 PUTs. I have asked them to buy 5000 PUT around 48 rupees with stoploss below 40. I knew that the buyer wont get much returns even if the market goes down by another 50 points or so. But I have selected it as it was a safer option because, even if the market goes up by another 50 or 60 the buyer wont be making a heavy loss. The PUT is currently trading around 70. That means a return of almost 40% which is not bad and if the market goes down further from here, then the investor will be making further gains. Similarly, you can look at buying PUTs of lower Strike Price or CALLs of Higher Strike Price. You wont incurr much loss even if the underlying moves significantly.
Regards,
Sam |
Very grateful for patient reply taking all the concerns into account. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #608 Posted: Tue Jan 31, 2012 10:44 am Post subject: Re: HDFC Bank |
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| psalm wrote: | HDFC Bank:
One can sell HDFC Bank in the range 485-487.5 with stoploss above 488 for targets of 470 and 455.
Regards,
Sam |
If anyone has shorted HDFC Bank, please keep a stoploss above 488
Regards |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #609 Posted: Tue Jan 31, 2012 11:01 am Post subject: Century Textiles |
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Century Textiles:
The stock is currently trading around 273. But one can sell this stock if it comes to 277-279 range with stoploss above 280 levels. The target here is 255. However, if the stock goes below 250 levels, then the 230 and 215 are very much possible.
Regards,
Sam |
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rainbow
White Belt
Joined: 25 Feb 2010
Posts: 202
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| Post: #610 Posted: Tue Jan 31, 2012 11:04 am Post subject: Re: Strategy |
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SAM:
Have to doff my hat at your patience, skill and technical inputs at your well phrases replies. esp the one here to Murty.
Cheers
DJ
| psalm wrote: | | ESNMURTY wrote: | | psalm wrote: | | ESNMURTY wrote: | Hi Psalm,
Good Morning.I am finding it difficult to take positional shorts in stocks as huge money gets involved.On the other hand if we take PA the cost of PA are on the higher side because its only the 3rd day in the new settlement and time decay will eat in the falling price of the scrip.What to do? |
Hi Murty,
Let me tell you a few things first. There is no confirmation for the bearishness of our market although we had a sell-off yesterday. Yesterday's move was just profit booking and LONG unwinding. People might have closed the LONG positions created after 5080-5100 levels. There could be some fresh SHORT positions as well. However, as long as the market is above 4900, there will be buyers. But the fact is that it wont take much time to break 4900 levels and all. You know what happened during the previous swing to 5400 right? It went there, then everyone was talking about the market breaking out. But suddenly market crashed and made a new low at 4531. I'm not saying that it will happen this time also. But what I'm saying here is that anything is possible. Technically, in some way or other, this pullback is healthier than the previous swing which went to 5400 levels. But only time will tell if it is enough for the market to breakout. So, one needs to be pretty careful. There is nothing wrong in investing or trading with 20 or 25 % of the total capital you have. But even then you should be careful. The thing is that you'll get great opportunities to go LONG if the market crosses around 5300 levels. But if not, you'll have to wait, because the market might test 4500 levels again. You have seen what happened with individual stocks when the market goes down by 10 or 15%. The midcaps and small caps will go down by 30 to 50%. Thats a huge erosion. For example, KS Oils was trading around 50 a year back. It has crashed by almost 90% to around 5 rupees. However, suppose one has bought the stock at 6 rupees, if the stock goes to 3 rupees, the new investor is still making a loss of 50%. So, one has to be very careful. This is nothing new info for you. I know that, but i'm just saying. I dont want anyone to lose their money. Even if you dont make money today, its fine. But make sure that you are not losing any.
By the way, talking about your concern on shorting the stocks, I think you should follow what you have been doing. You dont have to do anything new here, especially if it is a bit riskier. But If you are having difficulties in shorting the futures, you can buy PUTs, I guess. I understand that the premium is a bit on the higher side now. But one thing you should remember is that since this is the beginning of the month, there wont be huge fluctuations on the premium. Means the premium will be somewhat stable. That's why I have given a call to buy NIFTY 5000 PUTs. I have asked them to buy 5000 PUT around 48 rupees with stoploss below 40. I knew that the buyer wont get much returns even if the market goes down by another 50 points or so. But I have selected it as it was a safer option because, even if the market goes up by another 50 or 60 the buyer wont be making a heavy loss. The PUT is currently trading around 70. That means a return of almost 40% which is not bad and if the market goes down further from here, then the investor will be making further gains. Similarly, you can look at buying PUTs of lower Strike Price or CALLs of Higher Strike Price. You wont incurr much loss even if the underlying moves significantly.
Regards,
Sam |
Very grateful for patient reply taking all the concerns into account. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #611 Posted: Tue Jan 31, 2012 11:09 am Post subject: Re: Cairn India |
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| psalm wrote: | | psalm wrote: | Cairn India Ltd:
One can sell cairn in the range 355-358 with stoploss above 360 for targets of 335 and 295. I expect the stock to test 295-285 in a month or two.
Regards,
Sam |
Cairn Sell call has been triggered. Currently trading around 355.6.
Regards |
Those who are holding the Cairn SHORT, then can modify the stoploss now to just above 346. The stock is trading around 339 now. Watchout for our first target.
Regards,
Sam |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #612 Posted: Tue Jan 31, 2012 11:11 am Post subject: |
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| anand1234 wrote: | | psalm wrote: | | anand1234 wrote: | hi...............
plasm I was getting profit from Tisco 400PE around @ 7.2...........but I did not book...................for look more profit............if we can c tatasteel to come around 430 level as per u..............then how much this PE can move pls guide
thanks
anand |
Hi anand,
If the market goes down, then you'll see much lower levels of tata steel than 430. So dont get worried about the profit. You bought the option around 6 rupees right? You wont lose much anand. Keep a stoploss of 5. Your option wont move much even if the stock goes down by another 20 rupees. It will move only when the stock breaks the 420 levels. Till that time, it will be showing only minor changes.
Regards,
Sam |
hi......plasm
thx for ur valuable comments
thanks
anand |
hi............plasm
rockkkkkkkkkkkk man booked 9.2..........keep rocking
thanks
anand |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #613 Posted: Tue Jan 31, 2012 11:16 am Post subject: Re: Strategy |
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| rainbow wrote: | SAM:
Have to doff my hat at your patience, skill and technical inputs at your well phrases replies. esp the one here to Murty.
Cheers
DJ
| psalm wrote: | | ESNMURTY wrote: | | psalm wrote: | | ESNMURTY wrote: | Hi Psalm,
Good Morning.I am finding it difficult to take positional shorts in stocks as huge money gets involved.On the other hand if we take PA the cost of PA are on the higher side because its only the 3rd day in the new settlement and time decay will eat in the falling price of the scrip.What to do? |
Hi Murty,
Let me tell you a few things first. There is no confirmation for the bearishness of our market although we had a sell-off yesterday. Yesterday's move was just profit booking and LONG unwinding. People might have closed the LONG positions created after 5080-5100 levels. There could be some fresh SHORT positions as well. However, as long as the market is above 4900, there will be buyers. But the fact is that it wont take much time to break 4900 levels and all. You know what happened during the previous swing to 5400 right? It went there, then everyone was talking about the market breaking out. But suddenly market crashed and made a new low at 4531. I'm not saying that it will happen this time also. But what I'm saying here is that anything is possible. Technically, in some way or other, this pullback is healthier than the previous swing which went to 5400 levels. But only time will tell if it is enough for the market to breakout. So, one needs to be pretty careful. There is nothing wrong in investing or trading with 20 or 25 % of the total capital you have. But even then you should be careful. The thing is that you'll get great opportunities to go LONG if the market crosses around 5300 levels. But if not, you'll have to wait, because the market might test 4500 levels again. You have seen what happened with individual stocks when the market goes down by 10 or 15%. The midcaps and small caps will go down by 30 to 50%. Thats a huge erosion. For example, KS Oils was trading around 50 a year back. It has crashed by almost 90% to around 5 rupees. However, suppose one has bought the stock at 6 rupees, if the stock goes to 3 rupees, the new investor is still making a loss of 50%. So, one has to be very careful. This is nothing new info for you. I know that, but i'm just saying. I dont want anyone to lose their money. Even if you dont make money today, its fine. But make sure that you are not losing any.
By the way, talking about your concern on shorting the stocks, I think you should follow what you have been doing. You dont have to do anything new here, especially if it is a bit riskier. But If you are having difficulties in shorting the futures, you can buy PUTs, I guess. I understand that the premium is a bit on the higher side now. But one thing you should remember is that since this is the beginning of the month, there wont be huge fluctuations on the premium. Means the premium will be somewhat stable. That's why I have given a call to buy NIFTY 5000 PUTs. I have asked them to buy 5000 PUT around 48 rupees with stoploss below 40. I knew that the buyer wont get much returns even if the market goes down by another 50 points or so. But I have selected it as it was a safer option because, even if the market goes up by another 50 or 60 the buyer wont be making a heavy loss. The PUT is currently trading around 70. That means a return of almost 40% which is not bad and if the market goes down further from here, then the investor will be making further gains. Similarly, you can look at buying PUTs of lower Strike Price or CALLs of Higher Strike Price. You wont incurr much loss even if the underlying moves significantly.
Regards,
Sam |
Very grateful for patient reply taking all the concerns into account. |
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Hi Rainbow,
I'm extremely glad if my contributions to this forum helps you people. There were times in the past when I really needed help like these, but I didn't get them at those times. So, I know how it is. Thats the reason why I try to answer every question asked here. I want to help as much as I can, if needed. I may not be able to reply on time, bcos of my trading....But i'm trying my best.
Regards,
Sam |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #614 Posted: Tue Jan 31, 2012 11:18 am Post subject: |
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| anand1234 wrote: | | anand1234 wrote: | | psalm wrote: | | anand1234 wrote: | hi...............
plasm I was getting profit from Tisco 400PE around @ 7.2...........but I did not book...................for look more profit............if we can c tatasteel to come around 430 level as per u..............then how much this PE can move pls guide
thanks
anand |
Hi anand,
If the market goes down, then you'll see much lower levels of tata steel than 430. So dont get worried about the profit. You bought the option around 6 rupees right? You wont lose much anand. Keep a stoploss of 5. Your option wont move much even if the stock goes down by another 20 rupees. It will move only when the stock breaks the 420 levels. Till that time, it will be showing only minor changes.
Regards,
Sam |
hi......plasm
thx for ur valuable comments
thanks
anand |
hi............plasm
rockkkkkkkkkkkk man booked 9.2..........keep rocking
thanks
anand |
Dont feel bad if the stock goes down further from here..... 
Anyway, I'm glad that you got some profit....
Regards |
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anand1234
Yellow Belt
Joined: 17 Jul 2010
Posts: 830
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| Post: #615 Posted: Tue Jan 31, 2012 11:37 am Post subject: |
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hi...........plasm
can I buy hdfc bank 460PE @5.6 -5.8...............fot tgt of hdfc bank @ 470??..............pls advice
thanks
anand |
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