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Intraday calls for 01-10-10

Posted on: October 1st, 2010 at 8:18 am

Markets likely to open slightly higher. Support for nifty is at 5980 and resistance at 6100

Buy NIIT Technologies Ltd at 202.80, target: 210. Stoploss: 197 – (Book profits at 211)

11.10am – buy KPR mills at 210.70, target: 216. Stoploss: 205 – Looks strong Technically above 205, continue to hold as BTST with a same SL

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1,028 Responses

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  1. arun bj Says:
    October 1st, 2010
    Posted at: 2:54 pm

    thanks kartik .. do you feel tata power . ll move beyond 1400 next week or monday ...? .. cmp .. 1392


  2. Kartik Says:
    October 1st, 2010
    Posted at: 2:55 pm

    Hi Gitanjali, hmm, lets wait till Monday

    Hi yogi, yes

    Hi Arun Karthik, mostly due to FII's investment, we can see some downside soon, but cant be sure as of now

    Hi Shanthi, mostly due to huge FII's investment in the past few days


  3. Babal Says:
    October 1st, 2010
    Posted at: 2:55 pm

    Hi Kartik,

    Can bajaj Auto can show some upmove tomorrow. What price should i book Kpr mills. Please advise chief..


  4. luckvijay Says:
    October 1st, 2010
    Posted at: 2:55 pm

    correction shorted at 397


  5. Dhana Says:
    October 1st, 2010
    Posted at: 2:55 pm

    Hi Kartik,

    I hold unitech 90 PA @ 3.75, ifci 60 put @ 1.2 and nifty 6100 PE @ 125. What shall i do ?


  6. AR Says:
    October 1st, 2010
    Posted at: 2:56 pm

    u missed my query.......Since Firstsource baaged a new order so don't u feel the rally will continue on Monday as well??????


  7. SAI Says:
    October 1st, 2010
    Posted at: 2:56 pm

    Thanks Kartik


  8. Gitanjali Says:
    October 1st, 2010
    Posted at: 2:56 pm

    Hi yogi, what is that may I kindly know ?..


  9. Kartik Says:
    October 1st, 2010
    Posted at: 2:56 pm

    Hi arun bj, yes, it cna see 1420+ levels in the coming week

    Hi luckvijay, I guess you meant 397, keep a SL at 412


  10. Kartik Says:
    October 1st, 2010
    Posted at: 2:57 pm

    Hi AR, yes, hold it, but it already seem to have reacted as the stock is trading up by 8%

    Hi SAI, most welcome


  11. Arun Karthik Says:
    October 1st, 2010
    Posted at: 2:58 pm

    Thanks Kartik.. Need markets to come down badly.. Holding two Nifty shorts and a put..


  12. Kartik Says:
    October 1st, 2010
    Posted at: 2:58 pm

    Hi Arun Karthik, oh, lets hope for the best


  13. Ani Says:
    October 1st, 2010
    Posted at: 2:59 pm

    Hi Kartik,

    Entered KPR @ 213/ for intraday. Can I take delivery? Possible target on Monday
    pl!


  14. Kartik Says:
    October 1st, 2010
    Posted at: 2:59 pm

    Hi Ani, yes, it looks strong above 205, if it seems to close flat, you may convert it to BTST, can see 218


  15. Babal Says:
    October 1st, 2010
    Posted at: 2:59 pm

    Hi Kartik,

    Seems you missed my query at 2.55. If possible please advise chief...


  16. AR Says:
    October 1st, 2010
    Posted at: 3:00 pm

    wat about gujrat ambuja export??????can it see some upmovement on Monday or should i exit??????

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