Positional/intraday Trading Tips

[hitesh sabharwal]

idfc hit target[still carrying],satyam hits second target[still carrying shorts],infy hit target,booked ,rcom hits target[still carrying],carrying nifty long and exited ongc as sl hit.

 

[dhiru19]

hi Oilman,why ONGC gave poor result. what to do with ONGC now? i am holding 450 option@28,could not sell or exercised as icicidirect.com was down today.pls advice. thanks

 

[oilman5]

the result is not poor ..result is shown poor.
reason1..cmd has not got order..though verbally told..he shall be cmd.
2.. why shall he play his card? ..he kept that turmoil with 1st quarter ..expected result on 25th july...with good result.to show he does even better being cmd.
3. price subsidy ongc has to pay if he has shown higher profit.
as calculation on data based on past ...now value to be paid is known to him..
personally he is exceptionally high calibre finance man.
.......the position is like u r in divorce court...if u tell real income...u may have to cough 33%...
....so artificially u r showing excessive expense..justifying little cash in hand.
.........real story is different.......big money is kept...future expansion...
expenditure on bad well written off...so future bottomline is healthy..
tata has done it both tisco/telco..in 2002/03.......and u have seen the actual profit and price jump..from 2003'october onwards.
...and for direct response..sell june..call ...shift to july
note...i rollover 2700..to next month

 

[kpthakershy]

wats the call for RCOM now

 

[oilman5]

so now what is call...
see ongc

 

[renu daga]

hi..
look for,,,
CROMPTON GREAVES,,,,..(c)252...(t)...260
HEXAWARE...................(c)166 (t).....169
SUZLON.......................(c)....1435.....(t)...1483.
ABAN OFFSHORE..............(c)....3069...(t)....3155


CHECK,,AND KEEP TRACK,,,

RENU

 

[dhiru19]

hi oilman
unfortunately i sold 2 lots of ongc 880 calls bought@28 at the price of 32.4 and after that it was on fire. anyway thanks for excellent call.

 

[oilman5]

hi shift to july future...which is @discount....
10 -15rs/- u shall definitely get.
just watch july call 900...920
...again it offers...40-60% profit oppurtunity with low risk.
btw..u know now a big fund player...lost heavily in future shorting[i dont know whether he hedged by crude up potential]
for cash....target 950 strong resistance zone...
definitely it will go 970...however watch that zone.........
it may come little...as its imp pivot on weekly chart.
...then it attempt broader target...1020 in this month.

note.....f&o....is very risky...experience and discipline r 2tool u must master
before continue to trade...
dont wish after an entry is taken...instead follow price .

hitesh's call is very good...but u must have proper tuning with him.idea...is when call is wrong dont hold them...know before hand ...why the call[presumption of call]...winner must be hold ...so ur bank balance shall increase
conviction and tuning ...flexibility ...r key word in trading

 

[hitesh sabharwal]

short ongc if trades below 941 with stoploss of 950,target 933,925 and 917.

 

[hitesh sabharwal]

buy ifci on dips today and take deliveries,if have enough marging,buy 1 lot here and buy second lot at dips,keeping 49.4 as final stoploss.target 55.