Trading Calls for 21Feb07
Nifty: 4106.95 -57.60 Points Sensex: 14253.38 -149.52 Points
FII Activity:
Cash Segment: 345.07 crores net buyers
Index Futures: 473.91 crores net sellers
Stock futures: 34.10 crores net sellers
Advance Decline ratio: 197:824
Outlook for 21Feb07:
Yesterday the markets fell with good advance decline ratio and good amount of selling by FIIs in the index futures. The short term outlook has again turned negative with this fall. The stocks are failing to sustain above its 30 days moving averages. For today the Nifty should take support at 4087 and 4046 and should face resistance at 4140 and 4176.
Futures Trading Calls:
Exit Bank Nifty at current levels
Sell Arvind Mills at current levels for target 51.90 (current month)
Sell Bharat Forge March futures if remains below 326 for target 301.
Sell HDFC Ltd March futures if remains below 1645 for target 1565.
Sell Sesa Goa March futures at current levels with strict stop loss 1960.
(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).
Cash Calls:
There are no calls for today.
Hold your long positions in (Price in brackets represents stop loss):
GMR Infra (409.00) and Wipro(656.00).
Pease note that if no prices are mentioned in brackets then there is no stop loss reqiured currently. Stop losses would be provided at appropiate levels. Keep checking the stoplosses. It is updated everyday.
Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.
posted by Moneyspinner at
9:35 AM
3 Comments:
hello mr vijay, i am opening my demat account with indiabulls. i have been following the market for around 2 months. and mostly i will start trading in 3 or 4 days. as i said i wanna trade daily(mostly) or on devilery basis.. how do you think the budget is gonna effect the market. i have lanned to look for .75% to 1% while i trade daily.i also have a fair idea about the futures . i dont really have a idea about the put and call options. what is it exaclty?
By
Anonymous, at 10:34 PM
Hello Mr.Vijay !!!!i m currently a customer of INDIA BULLS...According to me services and commitments of them are totally fraud and not reliable..So,please be cautious..and i would better advice you to Religare or Anand Rathi... and please negotiate toward brokeage.
I hope i was able to give u right advice.
Aditya Kumar
By
Anonymous, at 12:24 AM
Hi ashwin,
It is difficult to expalin what options is. probably what u can do is register for NCFM from the nseindia website and download the material o derivatives trading dealers module. There is a clear explaination of options in the material.
By
Moneyspinner, at 10:37 AM
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