Quotes with Resistance & Support
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Intraday calls for 01-04-10

Posted on: April 1st, 2010 at 8:22 am

Markets likely to see a higher opening. Support for nifty is at 5250 and resistance at 5320.

If markets show weakness later during the day, sell: Dishman Pharmaceuticals and Chemicals Ltd – (exit positions at 216.50)

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642 Responses

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Comment pages: 313233343536373839Show all

  1. Dr. Sreejith K B Says:
    April 2nd, 2010
    Posted at: 11:52 am

    Hi SunilRao,

    wht is this price wave oscillator ??


  2. Kb Says:
    April 2nd, 2010
    Posted at: 12:04 pm

    Hi SunilRao,

    what u see in bpcl chart?


  3. sm Says:
    April 2nd, 2010
    Posted at: 12:38 pm

    Hi...CB/Kartik,

    Pls advice for Sesa Goa/Jai Corp...! Pls give this week target...?


  4. jay Says:
    April 2nd, 2010
    Posted at: 1:04 pm

    Sir, How is NMDC in current level it is good to buy now or wait for some more time?


  5. CB Says:
    April 2nd, 2010
    Posted at: 1:17 pm

    Hi SunilRao, thanks. great analysis.. bpcl can be bought with sl at 505-506

    Hi Salma, if nifty closes above 5330, then can head upto 5400

    Hi taresh jain, its a good long term play. one can enter it

    Hi RP, others have rallied quite a bit. for now continue to hold onto abb. likely to see some bounce in short term

    Hi neer, no, not sure of the date yet

    Hi Dr. Sreejith K B, thanks

    Hi Devender singh daiya, yes, lets hope for the best.

    Hi sm, sesa can see 485 and jai crop around 283 if markets remain good.

    Hi jay, one can enter it in small quantity for med term.


  6. JAGDISH Says:
    April 2nd, 2010
    Posted at: 1:26 pm

    Hi CB, Blue Bird on its 52 week low what is your opinion for short term ?


  7. CB Says:
    April 2nd, 2010
    Posted at: 1:32 pm

    Hi JAGDISH, Yes, looks extremely weak. dont enter it yet


  8. SunilRao Says:
    April 2nd, 2010
    Posted at: 2:57 pm

    Hi CB, Thanks Cb. As for S.L. in BPCL, I prefer to keep S.L. as close to Entry Prices for minimum losses (though it has backbit me a few times, but works good most of the time). I can always re-enter the trade if it starts moving back up again. As for BPCL, if it doesn't see a bounce from 511.85, it can see an intraday bounce from 509.45 or else 507.05, if the bounce is from 511.85, we can see it head upto 528.7, and if the bounce is from 509.45, we can see a bounce upto 523.9, but if the bounce is from 507.05, we can see a bounce upto 514.25-516.65 (not enough Profit Margin for the trade) unless markets are very strong. Is my analysis correct? What's your view?

    Thanks.

    Hi Dr. Sreejith K B, Thanks. ... Price Wave Oscillator is a new Technical indicator which I have been trying to develop for some time. It basically tracks the Oscillation of the price within the PAC and calculates various levels of support and resistance within the PAC and even outside it. But I still have to co-relate it with volumes, even which I'm trying to integrate in my oscillator. But I am currently testing the accuracy of it for intraday. I have yet to test it for short term and long term. Let's hope for the best so we all can benefit from it. :)


  9. SunilRao Says:
    April 2nd, 2010
    Posted at: 3:16 pm

    Hi Kb, Nothing much is there in the Charts of BPCL and as such I do not expect a very strong upmove, its just that the negative volumes have been decreasing steadily over past 3 trading sessions, the RSI and Slow %D are in upward move and that it has hit the lower limit of PAC @ 511.85, so a possible bounce upto the 15 day EMA (Target 1) and the higher limit of PAC (Target 2) is technically possible.


  10. CB Says:
    April 2nd, 2010
    Posted at: 3:47 pm

    Hi suzane, no, not really sure about them. ill contact my broker and ask for the details.

    Hi SunilRao, tanks


  11. SunilRao Says:
    April 2nd, 2010
    Posted at: 4:06 pm

    Hi suzane, Hopefully my past experience should be of help to you.
    I had been gifted with some physical shares by my dad last year. To get it transferred to my demat a/c, my broker told me was a tough job. So he suggested to me to open a new demat a/c in my dad's name as he didnt have any and then get the physical shares to be converted to the demat form.
    I got a demat a/c opened in my dad's name but the shares could not be converted to demat as the name alloted on the shares were the abbreviation of my dad's full name. Then I had to get an affidavit made from the court signed by the notary which was then attached along with the shares and sent for demat.
    The shares were demat after about a month and then were transferred to my demat a/c by a simple DI slip.
    Well the whole process took about 3 months and costed me about 10% of the value of the shares.
    My dad had more shares in physical form, which I eventually convinced him to convert into demat form and keep it in his demat a/c which had already been opened. After about 2 months all his shares were in demat form using the same procedures.

    Hope this helps you.

    Regards,

    Sunil Rao.


  12. care Says:
    April 2nd, 2010
    Posted at: 4:14 pm

    Hi CB,
    Kindly tell above which level of nifty .. can one think of shorting either nifty futures' or stock futures please ..?
    How is hdil looking ..? would it be a good stock to go long if we enter in dips ..even if in case nifty begins to slide..
    because its' RSI is now at 33 anyway ..
    Hi SunilRao,
    great !!..Keep up the good work..All the very the best !!


  13. SunilRao Says:
    April 2nd, 2010
    Posted at: 4:41 pm

    Hi CB, Thanks for all your support.

    Hi care, Thank you so very much. I'm still testing my indicator and as such working on very low quantities and even booking part profits at lower levels. The results of last 2 weeks have been very impressive. Let's hope for the best. :)


  14. amit Says:
    April 2nd, 2010
    Posted at: 5:23 pm

    what is target of bhartiairtel?

    i buy @ 315


  15. care Says:
    April 2nd, 2010
    Posted at: 5:52 pm

    Hi SunilRao,
    You are welcome ..your work deserves :-bd


  16. CB Says:
    April 2nd, 2010
    Posted at: 5:58 pm

    Hi care, hdil is trading in a range as of now. if it breaks 278 then can come down further... short nifty around 5300-5320 for now..

    Hi SunilRao, most welcome..

    Hi amit, can see 325-300 in short term.

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