Intraday call for every day

[Pink_Pinky]

Mr. Mukesh
when I say buy above means you dont have to blindly follow the recoo in day trading you have to watch mkt condition alsos today mkt open with gap up BPCL opened 260 but within 3 min it went to 270 with hardly trade of 30 to 100 number of share that means it did not sustained long so this indicate you should not jump in this script as it was a reversal

so please keep in mind that if a stock opens in bullish mode and doesnot withstad for a while at that level than it will come down as there are no sufficent buyer at that rate also levels work in one way if a stock opens on bullish mode with good amunt of buyer then do not SELL even if it comes down at sell level given by me as its in bullish mode with good amount of buyer and buyer will not let that stock to come down same in other way if stock openns in negative trend i.e down.Just observe that stock u will find large number of seller dealing in it that means the stock is going to come down as seller are aggressive.

Moral of the story you should always consider buyer,seller, open price, and MKT

bye

Hats off to you Tejas (I hope you don't mind me calling you that). I have never read anything as detailed yet brief explanation of intraday trading . I sincerely thank you from the bottom of my heart. Will remember this golden rule always. Thanks again.

Regards

 

[TEJASPD]

Mr. Ratan

I can understand your feeling, i am not telling him to count no of shares of buyer or vice versa i am just sharing the basic logic of takeing position in intraday trading and the logic which i explained is universal logic followed by every expert day trader .And by the way please look at my calls they are not failure if you look care fully they have achived the resonable targets and for you kind information i am not here to misguidee any one so please do not use harsh laguage here as it disturbs other members.

 

[mayavi99]

My doubt is how we can sell(first) which we don't have? and after buy back when should i have to sell it. please explain me.

Even if you do not have the stock to give delivery, still you can sell it first. A subsequent buying of the same quantity will square up the transaction. This is called short selling.

When a squaring up takes place, there is no subsequent selling, because, your earlier short sell gets adjusted to the subsequent buy and you are not left with any holding to sell again.

 

[ritz1]

Mr. Ratan

I can understand your feeling, i am not telling him to count no of shares of buyer or vice versa i am just sharing the basic logic of takeing position in intraday trading and the logic which i explained is universal logic followed by every expert day trader .And by the way please look at my calls they are not failure if you look care fully they have achived the resonable targets and for you kind information i am not here to misguidee any one so please do not use harsh laguage here as it disturbs other members.

Hi Mr. Tejas...thanks for the thread...
if we follow some basic rules and just do not blindly follow what is mentioned here it would be helpful...
and Mr ratan, Tejas had never mentioned to follow him blindly... as the universal trading rule goes, "Take some tips but do not follow blindly. have some homework done before doing intraday trading" which is implicite..... so...pls do not blame anybody. if you think you can do more data crunching and come up with solid predictions (yes, they would be still predictions then please post here ...it will help...
Mr Tejas... keep up the good work!!

 

[logesh]

Even if you do not have the stock to give delivery, still you can sell it first. A subsequent buying of the same quantity will square up the transaction. This is called short selling.

thanks for your reply. now i got it. I have also tried it with http://www.khelostocks.com/showTrade.html

khelostocks website provides us with a demo account on which we can trade with real time.

this site is very very helpful to noobs like me. try it.

 

[TEJASPD]

TIPS for 10-09-2008

RCOM ( Reliance Communications Limited )
BUY ABOVE 406 sl 403 t1 411 t2 416
SELL BELOW 401 sl 404 t1 398 t2 390

GOKUL ( Gokul Refoils and Solvent Limited )
BUY ABOVE 341 sl 326 t1 358 t2 375
SELL BELOW 320 sl 330 t1 305 t2 290

AUSTRAL ( Austral Coke & Projects Limited )
BUY ABOVE 232 sl 223 t1 242 t2 252
SELL BELOW 220 sl 225 t1 210 t2 190

PIONEEREMB ( Pioneer Embroideries Limited )
BUY ABOVE 40 sl 38 t1 41.5 t2 44
SELL BELOW 37 sl 39 t1 35 t2 32

NOCIL ( NOCIL Limited )
BUY ABOVE 26 sl 25.3 t1 26.7 t2 27.8
SELL BELOW 25 sl 25.5 t1 24.3 t2 23

BALRAMCHIN ( Balrampur Chini Mills Ltd )
BUY ABOVE 95.5 sl 94 t1 96.5 t2 98
SELL BELOW 93.5 sl 95 t1 92.5 t2 90

IFCI ( IFCI LTD)
BUY ABOVE 47.87 sl 47.63 t1 50.18 t2 51.63
SELL BELOW 47.51 sl 47.75 t1 46.42 t2 43.87

HINDPETRO ( HINDUSTAN PETROLEUM CORP)
BUY ABOVE 242.29 sl 241.07 t1 248.75 t2 254.57
SELL BELOW 240.46 sl 241.68 t1 236.47 t2 228.79

MAHSEAMLES ( MAHARASHTRA SEAMLESS LTD)
BUY ABOVE 302.78 sl 301.26 t1 306.43 t2 311.41
SELL BELOW 300.5 sl 302.02 t1 297.8 t2 292.63

TECHM ( TECH MAHINDRA LIMITED)
BUY ABOVE 790.09 sl 786.11 t1 814.21 t2 835.91
SELL BELOW 784.12 sl 788.1 t1 768.39 t2 740.29

 

[mukesh_gadhvi]

Ratan u too is right, but dont give such aggresive reaction , see friend ur right when u say if we have to consider dozons of things during trade then why the hell we trade? , but my friend that is to be done, u have to keep in mind only tips can not work, u must have art of working on tips, no doubt what tejas says here is also much bigger for an ordinary trader who has to just see the entry price and enter in to trade, but some mechanism has to be find out to deal with that it is often with all tipstars and all traders that trade goes advers , so to deal with that we need to find some perfect parameteres like if we see entry price then what to do ? what is the first action to be taken? like shd we wait for the share to sustain that price or shd we wait for do below entry price (suppose if we are to long) , then to wait again it come to entry price etc...etc.. but here on this forum we can discuss and find solution for such mistake done during trading that is more important , again i thnak you also for showing concern about mistake in trade done on tips..

 

[ritz1]

Please let me know if i am spamming the thread. I'll delete the post. just thought to thank Mr. Tejas
Hi Mr. Tejas. thanks for the tips. I would have made a good profite today (around Rs. 2-3K) if i would have followed your levels. But anyways..... at the end of the day i could manage to coverup my losses (around Rs. 1430) in one trade and finally made a profit of Rs. 835 .see my transactions below...when i observed the stock did went up to 255 but i just avoided to look at the stock priece continuously. I would be more than happy to make a daily profite in the range Rs. 500-1000.

10-Sep-2008 AUSCOK Buy 300 234.65 70,395.00 0.00 20080910N500005708 2008173 Rolling NSE
10-Sep-2008 AUSCOK Buy 100 233.80 23,380.00 0.00 20080910N500006759 2008173 Rolling NSE
10-Sep-2008 AUSCOK Sell 400 230.70 92,280.00 0.00 20080910N500007266 2008173 RollingNSE
Loss of Rs. -1,495.00
(Just caught by nerve when the stock went down to 224.50. Hence decided to book loss)

10-Sep-2008 AUSCOK Buy 400 232.50 93,000.00 0.00 20080910N500009806 2008173 Rolling NSE
10-Sep-2008 AUSCOK Sell 400 237.50 95,000.00 0.00 20080910N500009877 2008173 Rolling NSE
Profit Rs. 2,000.00

10-Sep-2008 AUSCOK Buy 300 245.90 73,770.00 0.00 20080910N500010367 2008173 Rolling NSE
10-Sep-2008 AUSCOK Sell 300 247.00 74,100.00 0.00 20080910N500010518 2008173 RollingNSE
Profite Rs. 330.00 (Desided to call it a day )

Net profite Rs.835 (would have been much more if would have been followed the SL)

 

[TEJASPD]

THANKS RITZ KEEPIT UP.....

TIPS FOR 11/09/2008

ZEEL ( Zee Entertainment Enterprises Ltd )

BUY ABOVE 235 sl 231 t1 240 t2 247
SELL BELOW 230 sl 233 t1 226 t2 218

EIHOTEL ( EIH Limited )

BUY ABOVE 157 sl 154 t1 162 t2 168
SELL BELOW 152 sl 155 t1 148 t2 140

AUSTRAL ( Austral Coke & Projects Limited )
BUY ABOVE 246 sl 241 t1 255 t2 268
SELL BELOW 240 sl 243 t1 230 t2 210

IDEA ( Idea Cellular Limited )
BUY ABOVE 86.5 sl 85.5 t1 87.5 t2 89
SELL BELOW 85 sl 86 t1 84 t2 82.5

TTML ( Tata Teleservices (Maharashtra) Limited )
BUY ABOVE 27.5 sl 27.2 t1 28 t2 28.5
SELL BELOW 26.6 sl 27.4 t1 26 t2 25.4

PETRONET ( Petronet LNG Limited )
BUY ABOVE 61.9 sl 61.4 t1 62.5 t2 63.5
SELL BELOW 61 sl 61.6 t1 60.5 t2 59.5

BANKINDIA ( BANK OF INDIA)
BUY ABOVE 291.01 sl 289.55 t1 297.83 t2 304.55
SELL BELOW 288.82 sl 290.28 t1 284.29 t2 276.01

BANKBARODA
BUY ABOVE 303.82 sl 302.28 t1 317.33 t2 326.08
SELL BELOW 301.51 sl 303.05 t1 295.07 t2 280.02

ORIENTBANK
BUY ABOVE 182.51 sl 181.59 t1 187.39 t2 192.09
SELL BELOW 181.13 sl 182.05 t1 177.81 t2 172.01

MUNDRAPORT
BUY ABOVE 590.37 sl 587.43 t1 601.28 t2 614.38
SELL BELOW 585.96 sl 588.9 t1 577.27 t2 563.42

 

[christi]

ZEEL ( Zee Entertainment Enterprises Ltd )

Action Trigger Price Stop Loss Target 1 Target 2

BUY ABOVE 236 231 240 247
S.SELL BELOW 230 233 226 218

EIHOTEL ( EIH Limited )

BUY ABOVE 158 154 162 168
S.SELL BELOW 152 155 148 140

AUSTRAL ( Austral Coke & Projects Limited )

BUY ABOVE 247 241 255 268
S.SELL BELOW 240 243 230 210