Quotes with Resistance & Support
Market Information

Intraday calls for 01-08-12

Posted on: August 1st, 2012 at 8:35 am

Markets likely to open flat, resistance for Nifty at 5250, Support at 5150

Sell Tata steel on rise, around 421, Target: 412, SL 427

9:17am: Buy Tata Global around 128, Target: 133, SL 124

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384 Responses

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  1. Bhavin Says:
    August 1st, 2012
    Posted at: 5:14 pm

    Nifty if Close below 5220 then nifty will see bottom @ 5180-5130 again..then it will be bounce back of further test 4800.


  2. Sohan Says:
    August 1st, 2012
    Posted at: 5:32 pm

    Hello CB,

    I have mininifty 5400 CE. Shall I i hold it ?

    Sohan


  3. Sohan Says:
    August 1st, 2012
    Posted at: 5:39 pm

    Hi vs, If you are new in Forex then request you to trade in Demo for few weeks / days. Try to be disciplined and do not play blind.

    I have some profits and quite some losses because of high volatility in Forex.

    You can trade in real money after you transfer some via paypal or credit card or other sources as explained.

    There is also copy trading and you can just copy a trader.

    Just go thru the website and study before.

    Please ask if you have questions and we can try to help out.

    Sohan


  4. CB Says:
    August 1st, 2012
    Posted at: 5:54 pm

    Hi Dhaval, sorry to hear that. hopefully will recover it soon. tata steel has some resistance at 418. above this can see 435. sbi above 2050 can see 2120

    Hi vs, :) ok. try it for a few days. trade in small lots. its same like stocks. you may open an account here: http://www.etoro.com/A36256_TClick.aspx

    Hi Bhavin, thanks

    Hi Sohan, yes, hold it for now. sl near 5180


  5. vs Says:
    August 1st, 2012
    Posted at: 6:10 pm

    Thanks Sohan,
    Thanks CB,


  6. vs Says:
    August 1st, 2012
    Posted at: 6:19 pm

    Hi CB,
    Hi Sohan,

    In which currencies i have to trade. I have only Rs 5k. Is it ok to trade. How much margin i Have to take? Small lots means how much? Please help me.


  7. CB Says:
    August 1st, 2012
    Posted at: 6:24 pm

    Hi vs, most welcome. go with $20 per lot. profits will be small here but till you get a good hang of it, its best to trade in small quantities. still looking for some trade as of now. shall update soon


  8. vs Says:
    August 1st, 2012
    Posted at: 6:39 pm

    Thanks CB,
    Which is the best time to trade in forex? $20 per lot means 20 X 400 margin or what?


  9. ramesh Says:
    August 1st, 2012
    Posted at: 6:46 pm

    Hi CB, is there any website where I can get the details of open and closes of market for past 1 month or so.


  10. vs Says:
    August 1st, 2012
    Posted at: 6:52 pm

    Hi CB,
    price differce b\w buy & sell is $3 for EUR/USD. is it different for diff currencies?


  11. sanjay Says:
    August 1st, 2012
    Posted at: 6:54 pm

    hi sir
    holding voltas 58@116,sintex 140@64. please advise


  12. sanjay Says:
    August 1st, 2012
    Posted at: 6:56 pm

    also is it right time to book profit in onmobile.


  13. Ravichandran Says:
    August 1st, 2012
    Posted at: 7:28 pm

    HI CB Good Evening, In What price can enter Bharti Airtel, Whats you view about JP Asso., Thanks.


  14. CB Says:
    August 1st, 2012
    Posted at: 7:44 pm

    Hi vs, its usually active throughout the day as different markets open at different time. its not $3, its 3 pips. its something all brokers charge

    Hi ramesh, you can get charts on chartink.com

    Hi sanjay, will need to hold these a bit longer. fundamentally are sound bets. can look to add few more on dips to avg

    Hi Ravichandran, Good evening. bharti below 300 looks weak. don't enter it yet. jp assoc can be added at cmp. can see 85 in near term


  15. Ravichandran Says:
    August 1st, 2012
    Posted at: 7:49 pm

    Can short Bharti tomorrow whats your view? Thanks


  16. Sohan Says:
    August 1st, 2012
    Posted at: 7:51 pm

    Hi vs, Its 3 pips not dollars.

    I request to please go through some usual glossary of Forex, maybe CB can recommend some website

    Sohan

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