Quotes with Resistance & Support
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Intraday calls for 22-12-10

Posted on: December 22nd, 2010 at 8:25 am

Markets likely to open flat, next resistance for Nifty is at 6050

Buy Hindalco around 234, Target: 238-240, SL 230 – (Book profits at 238)

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454 Responses

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  1. AJ Says:
    December 22nd, 2010
    Posted at: 10:43 pm

    Has SINTEX corrected enough...can i buy for a bounce tomw?
    Any reason for this correction?


  2. Kartik Says:
    December 22nd, 2010
    Posted at: 10:56 pm

    Hi AJ, it faces strong support at 155-160, might take a pause there, no news on it yet, seems some selling pressure by some MF, dont enter it yet, wait for some time


  3. Dinesh Says:
    December 22nd, 2010
    Posted at: 11:04 pm

    Hi Aman,

    Jindal Poly facing some resistance b/w 560-570, if manages to trade above it will reach 590 or a minor correction


  4. Gitanjali Says:
    December 22nd, 2010
    Posted at: 11:07 pm

    Hi Kartik, Thanks..for yr kind reply..
    If we do not cover , in the month of feb', a SELL position, in opt : puts of FEB,.....it gets duly covered auto' by the system ...and if in profit , gets credited to our acct..and vice-versa, if in loss...pl?


  5. pankaj Says:
    December 22nd, 2010
    Posted at: 11:13 pm

    how LIC Housing Fin look for tomorrow?


  6. Kartik Says:
    December 22nd, 2010
    Posted at: 11:23 pm

    Hi Gitanjali, if its in Options for the next month, you dont need to cover it, its only for futures that you need to rollover it

    Hi pankaj, it might open gap-up and then see some profit booking, dont enter it for Intraday, you may enter GAIL above 512, it can see 520


  7. SubhagGhosh Says:
    December 22nd, 2010
    Posted at: 11:45 pm

    Nifty 6184, achived 6014 (50 % retracement) target, but fail to cross 50 sma, and corrected from there.If nifty fails to sustain above 6025 in comming days, then bearish sentiment will prevail.

    6100 call has got max oi at 82 L adding nearly 21 L contacts in last two days. The upside range has shifted from 6000 to 6100.

    5800 Put has got max oi at 84 L.5900 put saw writing which suggets 5900 is becoming good support.

    Nifty Range: 5900-6100

    Support: 5908/5950, Resistence: 6030/ 6070.

    Stratergy for 23 Dec 10
    1. 5950-6030 is a no trade zone. Go long above 6030 and go short below 5950 for a target of 6070 upside and 5910 on downside.

    2. Sell 5900 put and 6100 put, total preminum receive 42 Rs. SL - if the sum of the preminum increase to 60 rs, get out of the stratergy.
    LBP: 5858; HBP: 6142.

    Thanks and Regards,
    Subhag Ghosh


  8. Kartik Says:
    December 23rd, 2010
    Posted at: 12:13 am

    Hi SubhagGhosh, thanks for the analysis


  9. abhi Says:
    December 23rd, 2010
    Posted at: 12:14 am

    u missed my query..pls can u tell what target can patni and gail futures see tomorrow?


  10. CBT Says:
    December 23rd, 2010
    Posted at: 12:23 am

    hi CB kartik

    how is jayant agro and ADF for longterm perspective


  11. NITHIN2009 Says:
    December 23rd, 2010
    Posted at: 1:00 am

    cb..can i enter fresh in moser,nitin fire,orbit cor and unitec at cmp for short term???pls also reply d support & resistance of mll and smart link????


  12. CB Says:
    December 23rd, 2010
    Posted at: 1:13 am

    Hi abhi, gail once crosses 512 can see 522. patni can add 4-5rs

    Hi CBT, they are fundamentally good bets for long term. can double

    Hi NITHIN2009, no, they are going a bit weak. don't enter these yet.. mll has resistance at 54.50 and support near 52. smartlink has support at 51 and resistance at 53.50


  13. Sri Says:
    December 23rd, 2010
    Posted at: 7:53 am

    Hi CB\Kartik

    Good Morning, Is it advisable to buy TATASTEEL and MOIL for Intraday.


  14. Kartik Says:
    December 23rd, 2010
    Posted at: 8:42 am

    Hi Sri, no, dont enter them for Intraday today


  15. Dinesh Says:
    December 23rd, 2010
    Posted at: 9:53 am

    Hi pankaj, hi pankaj, have u enjoyed the opening trading in lic hsng fin....

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