Quotes with Resistance & Support
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Intraday calls for 02-01-12

Posted on: January 2nd, 2012 at 8:25 am

Happy New year!

Markets likely to open flat. Nifty has support at 4530 and resistance at 4700.

Sell Bata India below 525, target: 512. Stoploss: 537.
If markets show recovery later during the day, buy ICICI bank with stoploss near 672

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318 Responses

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  1. Kartik Says:
    January 2nd, 2012
    Posted at: 3:25 pm

    Hi SAI, exit from CE, hold the PE till tomorrow


  2. CA.Tejas Says:
    January 2nd, 2012
    Posted at: 3:25 pm

    Hi Kartik, Can i buy IDEA 75 PE at cmp of 1.55...


  3. Kartik Says:
    January 2nd, 2012
    Posted at: 3:26 pm

    Hi CA.Tejas, enter if it breaks 82


  4. rahul Says:
    January 2nd, 2012
    Posted at: 3:26 pm

    Will we close above 4650? or a close around 4640 itself can be taken as a positive sign for tomorrow? or is it better to exit all longs right now?


  5. vishal Says:
    January 2nd, 2012
    Posted at: 3:27 pm

    booked profits in jsw steel @544


  6. Kartik Says:
    January 2nd, 2012
    Posted at: 3:28 pm

    Hi rahul, seems likely to give a close below 4650, to be on the safer side book in a few longs today


  7. SAI Says:
    January 2nd, 2012
    Posted at: 3:29 pm

    Hi Kartik ya exited thanks for the timely advise.


  8. rahul Says:
    January 2nd, 2012
    Posted at: 3:29 pm

    Hi vishal,

    how come? day high is 541.8 just now....


  9. Kartik Says:
    January 2nd, 2012
    Posted at: 3:29 pm

    Hi SAI, most welcome


  10. raja Says:
    January 2nd, 2012
    Posted at: 3:31 pm

    KB sir, Thank u for your suggestion. what level we can expect tomorrow nifty? Is it sure that IFCI can reach 20.50 levels ?


  11. rahul Says:
    January 2nd, 2012
    Posted at: 3:31 pm

    Kartik sir thanku....seems like a reasonable good closing to expect a gap up open tomorrow...

    tc...have a good day...


  12. vishal Says:
    January 2nd, 2012
    Posted at: 3:33 pm

    i am talking about futures jsw steel, it crossed 545 too.


  13. Abdullah Says:
    January 2nd, 2012
    Posted at: 3:33 pm

    Hi Kartik, Good afternoon :)
    Hi DJ, Boom :)


  14. vishal Says:
    January 2nd, 2012
    Posted at: 3:34 pm

    clsa was a big buyer in jsw steel today and clsa shorted bajaj auto today.


  15. rahul Says:
    January 2nd, 2012
    Posted at: 3:34 pm

    Hi vishal,

    oh...ok....sorry.........


  16. Kartik Says:
    January 2nd, 2012
    Posted at: 3:34 pm

    Hi raja, hold it for a few days, 2-3 days, it looks weak overall, can see 20 levels

    Hi rahul, most welcome

    Hi vishal, nice to know that

    Hi Abdullah, GA

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