Quotes with Resistance & Support
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Intraday calls for 24-10-11

Posted on: October 24th, 2011 at 8:33 am

Markets likely to see a gap up opening. Resistance for nifty is at 5170 and support at 5000.

Buy Amar Remedies at 118, target:122. Stoploss: 115.50

If markets show weakness later during the day, sell: Bharti Airtel

9.24am – buy Mahindra and Mahindra at 815, target: 830. Stoploss: 803

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355 Responses

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  1. Kartik Says:
    October 24th, 2011
    Posted at: 9:44 pm

    Hi Raj, yes


  2. Raj Says:
    October 24th, 2011
    Posted at: 9:57 pm

    Thx


  3. Mrs Kiran S Says:
    October 24th, 2011
    Posted at: 10:00 pm

    Is there any more upside for Nifty or flat at 5100.


  4. Das Says:
    October 24th, 2011
    Posted at: 10:00 pm

    where do you see SBI tomorrow?


  5. sd Says:
    October 24th, 2011
    Posted at: 10:04 pm

    Hi CB, Purchased Axis Bank futures nov @1157. Your outlook on this?


  6. Kartik Says:
    October 24th, 2011
    Posted at: 10:24 pm

    Hi Raj, most welcome

    Hi Das, can be volatile ahead of the RBI meet, might open around 1920 as Global ques have been trading strong

    Hi sd, hold it for 1-2 days with a Sl at 1150, can be volatile ahead of the RBI meet

    Hi Mrs Kiran S, likely to open higher tomorrow, strong resistance at 5150, above which we can see 5200+ levels


  7. richa Says:
    October 24th, 2011
    Posted at: 10:51 pm

    hi Cb where shud i get out of airtel 380 pe if it doesnt come down?
    thanks for ur patience


  8. ARSHI Says:
    October 24th, 2011
    Posted at: 10:52 pm

    HI Kartik GE,

    Today I bought 50 share of "VIP IND." @900 what is ur openion about the exit position in short terms.


  9. CB Says:
    October 24th, 2011
    Posted at: 11:08 pm

    Hi richa, yes, exit it if it crosses 386. technically strong resistance near 385. likely to see some selling pressure from here.

    Hi ARSHI, it has strong support at 880-900 levels. hold it for now. likely to see some bounce from here.


  10. ARSHI Says:
    October 24th, 2011
    Posted at: 11:17 pm

    Thanks CB, & good night


  11. Sanjay Says:
    October 24th, 2011
    Posted at: 11:18 pm

    CB, Bought TCS 1050 ce's @35 (1085). please tell me, what is the target tomorrow ?


  12. richa Says:
    October 24th, 2011
    Posted at: 11:19 pm

    i have oct put so i have to get out tommorow..may be i will have to bear loss in dis one
    anyways thanks for ur guidance


  13. CB Says:
    October 24th, 2011
    Posted at: 11:39 pm

    Hi ARSHI, most welcome.. Good night.

    Hi Sanjay, it can test 1100 tomorrow.

    Hi richa, shall book tomorrow. as of now seems markets may open a bit higher. hold with sl at 386


  14. cvrprakash Says:
    October 25th, 2011
    Posted at: 3:49 am

    Dear CB,

    Is coal India headed downwards to touch sub 300 levels?
    I am long in this @340 levels for long time. Should you advice to book it on any rally and buy @ low levels?


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    April 24th, 2014
    Posted at: 2:15 pm

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