Intraday calls for 07-06-13
Markets likely to open lower, support for Nifty at 5870
Buy Havells India around 710, target: 723, SL 702 – (Book profit in Havells at 732. Apollo hospitals is a hold)
Note: I am traveling and wont be able to reply until 5pm
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Nilesh Joshi Says:
June 8th, 2013
Posted at: 10:11 am
Hi Sir, How about M&M? any chances to cross 1000 in this month?
alok Says:
June 8th, 2013
Posted at: 11:09 am
to day ist time.login Nse Guide...
Kartik Says:
June 8th, 2013
Posted at: 11:43 am
Hi aniky, may take a pause around 70-72 lvls before moving higher
Hi Nilesh Joshi, 980 acts as its strong resistance level, a close above that can take it to higher levels
Hi alok, Good morning
Hi azhar, its likely to take a pause around 30 lvls, hold it with a SL at 29.20 for higher targets
Digant Says:
June 8th, 2013
Posted at: 11:59 am
Dear Kartik,
Gud Noon.
The data suggests that both DII and FIIs bought yesterday. Then how come the market fall so much? Whats your view for monday?
Kartik Says:
June 8th, 2013
Posted at: 1:54 pm
Hi Digant, seems from the retail Market, technically we are hovering around the strong support of 5880 lvls, if broken seems can see lower levels ahead
jatin Says:
June 8th, 2013
Posted at: 3:02 pm
sir, what's yr view on hdil pe ?I bought at 2.15 now its 0.60
Digant Says:
June 8th, 2013
Posted at: 3:49 pm
Dear Kartik,
Thanks for the reply.
What I found is the bearish H&S in nifty. If that's what you follow, the target for Nifty would be around 5705-5700. Do you think that is possible?
WELL PLAN Says:
June 8th, 2013
Posted at: 4:09 pm
HI KATIK & CB GE,
YESTERDAY MARKET NOT BREAK WEEKLY LOW OF NIFTY FUTURE & CASH.
NOW EVERY PE BUYER WILL BE LOST THEIR MONEY
NOW ONE MARKET WILL CREATE ALL TIME HIGH WITH IN JUNE SERIES.
EVERY DIP WILL BE OPPORTUNITY TO BUY RGROUP , BANKING &
FRONT LINE NIFTY STOCK, MINIMUM 10 TO 30 % RETURN IN THIS MONTH.
Kartik Says:
June 8th, 2013
Posted at: 5:19 pm
Hi jatin, hold the PE, it looks weak overall
Hi Digant, for now we face strong support at 5870-5880 lvls, if broken, seems can see a dip upto 5750
Hi WELL PLAN, Good evening, thanks for updates
Ankit Chanda Says:
June 8th, 2013
Posted at: 5:49 pm
HI KARTIK SIR...THANKS.....
WELL PLAN Says:
June 8th, 2013
Posted at: 5:58 pm
HI KARTIK GE,
2 DAY BEFORE NIFTY LEVEL
Fibonacci retracement on daily chart from (5477 - 6229) level suggests that 50% retracement exists at 5855 and we expect any dip is likely to take support at 5855. However if Nifty breaks 5855 on closing basis then it can correct further up to 5800-5730 in near/short term.
Nifty daily chart has formed a strong bear candle on the last day of May which erased last 2 weeks gains. Nifty weekly chart has formed a ‘Doji’ candlestick pattern with long upper shadow representing weakness. Nifty daily chart appears to be forming a Head & Shoulder bearish pattern with neckline support at 5930 level. If Nifty breaks 5930 level that would trigger more selling in the market with possibility of a downward move up to 5800-5750 level in near term.
Nifty chart patterns indicate that 6030-6150 is likely to act as a resistance zone on the upside. Dips in Nifty are expected to get good support at 5900-5830. Any breakout above 6150 on closing basis would attract more buying in the market and the Nifty can then move up to 6250-6340 in the short term. Nifty is having major supports at 5800-5730 on the downside
pankaj Says:
June 8th, 2013
Posted at: 7:00 pm
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pankaj Says:
June 8th, 2013
Posted at: 7:01 pm
Buy/accumulate RELIANCE cmp 784 tgt 850-925-1000+
pankaj Says:
June 8th, 2013
Posted at: 7:02 pm
IT Stocks will be in focus for next one week.. Watch out for wipro and hexaware for Buy on Dips...
CB Says:
June 8th, 2013
Posted at: 7:56 pm
Hi Ankit Chanda, most welcome
Hi WELL PLAN, thanks for the tips
Hi pankaj, thanks.
Ravichandran Says:
June 8th, 2013
Posted at: 9:27 pm
HI CB/KARTIK/KB/SM/SR/HAM/AND ALL HAVE A GREAT WEEK END .......:)