Quotes with Resistance & Support
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Intraday calls for 02-07-12

Posted on: July 2nd, 2012 at 8:29 am

Markets likely to open flat. Support for nifty is at 5210 and resistance at 5350

Buy Punj Lloyd at 48.85, target: 51.50. Stoploss: 47.20 – (Book profit in Punj Lloyd at 51)

1.43pm – Buy IRB infra at 128.60, target: 133. Stoploss: 125 – (Book profit in IRB at 133.50)

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524 Responses

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  1. Anne Says:
    July 2nd, 2012
    Posted at: 1:55 pm

    SR... can nifty cut 5300 today and go up with 30 pints ?


  2. Das Says:
    July 2nd, 2012
    Posted at: 1:55 pm

    Holding 5200pe @ 64. Please advise


  3. Palanivel Says:
    July 2nd, 2012
    Posted at: 1:55 pm

    HI SR, NOT ENTER 5400/5500 CE CURRENT LEVEL? 5320 NEAR ENTER BETTER LEVEL.


  4. SR Says:
    July 2nd, 2012
    Posted at: 1:59 pm

    Hi Anne, It is quite possible as momentum on Nifty is still strong and can even test 5340. But would advise to book profits near 5315-20, as some profit booking may come in any time.


  5. NEW2NIFTY Says:
    July 2nd, 2012
    Posted at: 2:00 pm

    DLF TARGET FOR 2-3 DAYS?


  6. Payal Says:
    July 2nd, 2012
    Posted at: 2:03 pm

    Hi CB,
    Pls guide me on ITC , I have SS 750 @257.5
    Pls tell me what to do


  7. SR Says:
    July 2nd, 2012
    Posted at: 2:04 pm

    Hi Palanivel, Wait 1-2 days for a 80-90 pts correction to re-enter calls.

    Hi NEW2NIFTY, Has resistance near 209.


  8. Robotguy Says:
    July 2nd, 2012
    Posted at: 2:05 pm

    Hi SR, Risky but I have shorted Nifty at 5318 strict stop loss of 5348 to be squarred off intraday... Dekte hain apna luck...


  9. SR Says:
    July 2nd, 2012
    Posted at: 2:09 pm

    Hi Robotguy, hmmm ... Good Luck :)

    Hi Payal, Would advice to exit from it. Looks strong.


  10. Palanivel Says:
    July 2nd, 2012
    Posted at: 2:09 pm

    SR, I THINK YOUR EXPECT SOME SELLING PRESSURE COME IN 80-90 POINTS DOWN MARKETS ITS RIGHT. CAN ENTER SMALL NIFTY PE ENTER WHATS YOUR VIEW.ENTER LEVEL NEAR 5320?


  11. JAY Says:
    July 2nd, 2012
    Posted at: 2:10 pm

    2 DAY PICK

    BUY BALAJI TELEFILMS @ 37.90 TGT 45 SL 37

    BUY 4000-5000 STOCK, PRAMOTORS BUYING IN THIS STOCK


  12. mohsin pathan Says:
    July 2nd, 2012
    Posted at: 2:12 pm

    sir ji
    sbi hold hai kya kare@2170


  13. Robotguy Says:
    July 2nd, 2012
    Posted at: 2:13 pm

    Hi SR, Pls refer to my post Posted at: 1:53 pm. Is the eg. ok. Pls post 1 eg of how to decide which option to buy...


  14. SR Says:
    July 2nd, 2012
    Posted at: 2:19 pm

    Hi Robotguy, If Intraday, hold with a trailing sl at 2185. In short term can test 2255.


  15. PROFIT JAY Says:
    July 2nd, 2012
    Posted at: 2:20 pm

    BUY BALAJI TELEFILMS @ CMP TGT 45-47 IN 2-3 DAYS

    PROFIT JAY>>


  16. SR Says:
    July 2nd, 2012
    Posted at: 2:23 pm

    Hi Robotguy, My strategy is different, I wait for a breakout, then wait for the first retracement to enter the trade. That way, you get options very cheap. My entry price for 5400CE was 19.75 I booked 50% at 46 and holding the rest for my next target at zero value at risk :)

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