Quotes with Resistance & Support
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Intraday calls for 02-11-12

Posted on: November 2nd, 2012 at 8:28 am

Markets likely to open higher, Support for Nifty at 5650

Buy Dena bank around 106, Target: 112, SL 102 – (Book profit in Dena bank at 109)

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  1. shankar Says:
    November 3rd, 2012
    Posted at: 12:50 pm

    Hi Kartik ,

    Holding orbit corp 1100 @61 and the stock is not moving with market what shall i do hold or exit .pls suggest the stop loss also .


  2. H A M Says:
    November 3rd, 2012
    Posted at: 12:56 pm

    Hi Kartik, Good afternoon...

    Hi Ravichandran, Good afternoon.. U too have a great day!! TC.

    Hi Sonia, GA. Scaring the people by creating the rumors in market is part of the game... Be cautious!


  3. Kartik Says:
    November 3rd, 2012
    Posted at: 1:00 pm

    Hi shankar, hold it with a SL at 54, 55-60 act as its strong resistance level, above which it can do well

    Hi H A M, GA


  4. amit Says:
    November 3rd, 2012
    Posted at: 1:04 pm

    Hi H A M, GA sir, whats ur opinion on tata motors ans sbi?


  5. H A M Says:
    November 3rd, 2012
    Posted at: 1:04 pm

    Wall Street ends storm-shortened week with a sell-off::
    Stocks ended an unusual storm-shortened trading week with a selloff on Friday, as major indexes erased early gains sparked by a stronger-than-expected payrolls report.
    The dollar's strength also hurt energy and materials shares. Eventually, all 10 S&P 500 sectors succumbed to selling pressure to end lower.
    The trading week was shortened by a historic two-day market closure on Monday and Tuesday, spurred by superstorm Sandy's devastating sweep through the U.S. Northeast.
    The jobs report is the last one before the U.S. presidential election on Tuesday, and it could improve President Barack Obama's odds at the ballot box, though polls continue to indicate a close race between Obama and Republican candidate Mitt Romney.

    Wall Street Week Ahead: Obama's shoes hard to fill, even for himself
    Regardless of the results of Tuesday's U.S. presidential election, the next four years will be a tough act to follow from Wall Street's vantage point.
    The benchmark Standard & Poor's 500 Index .SPX.INX has rallied 66 percent since President Barack Obama took office - one of the most impressive runs ever for stocks under a single president. Admittedly, the timing of his inauguration - just before the market hit a nadir in March 2009 - is part of the reason.
    "The market might like the fact of an Obama win since it would mean less uncertainty," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research
    "I think the market has priced in an Obama victory, but no matter what, any knee-jerk reaction after the election will unwind over the next few days," said Joseph Tanious, a global market strategist at J.P. Morgan Funds, in New York.
    "The fiscal cliff is also on everyone's mind, but that will really take hold after the election, since the winner could indicate what happens."
    The end result in both an Obama or a Romney presidency would be a deal. But the status quo would probably mean a more protracted solution and market volatility.


  6. amit Says:
    November 3rd, 2012
    Posted at: 1:09 pm

    Hi H A M, If obama win market? if romney win market?


  7. H A M Says:
    November 3rd, 2012
    Posted at: 1:13 pm

    Hi amit, Good afternoon sir. Hope u r doing great...
    SBI is a good buy in any possible dips, It has strong support @2074, if breaks, it may fall some and has resistance @2150/2215, if breaches, it may rise further to 2400+. This is good bet for short-term period.
    Tata motors has support @247 and next strong support comes @228, It has resistance @275, if breaks, it may rise further. Regarding this script, I need some more time for clear picture...


  8. Prams Says:
    November 3rd, 2012
    Posted at: 1:16 pm

    Hi H A M, what is the fiscal deficit of US now??


  9. amit Says:
    November 3rd, 2012
    Posted at: 1:21 pm

    Sgx just fall 9 points, seems diwali rally starts from next week 5800+ sure my view.


  10. H A M Says:
    November 3rd, 2012
    Posted at: 1:24 pm

    Hi amit, SGX closed by 11:30pm and Dow fell 140 points after 1'o clock am.


  11. MURALI Says:
    November 3rd, 2012
    Posted at: 1:26 pm

    hi everyone.....

    i just traded with zerodha account yesterday...... it was a great thing ...... brokerage too low compared to others.................... its the best...................


  12. amit Says:
    November 3rd, 2012
    Posted at: 1:31 pm

    Hi H A M, Oh! ok thanks.


  13. Kartik Says:
    November 3rd, 2012
    Posted at: 1:40 pm

    Hi MURALI, nice to know that


  14. Prams Says:
    November 3rd, 2012
    Posted at: 1:41 pm

    Foreign institutional investors (FII’s) currently own $ 240bn worth of Indian equities, according to Morgan Stanley, a global bank. This is nearly a quarter of $ 1.1 trillion market value of all shares listed on the Bombay Stock Exchange. The non-promoter holding or free-float is half of this number. This means FIIs control nearly half of the value of shares traded on BSE.


  15. H A M Says:
    November 3rd, 2012
    Posted at: 1:43 pm

    Will the Election Give the Market What It Wants? :: [Go through this once]

    Markets hate uncertainty, and the uncertainty about who will lead the country, and how, ends with Tuesday’s election. The election could be a turning point for markets and the economy. The tight race between President Barack Obama and Republican rival Mitt Romney has made for a high level of anxiety, and on Friday, traders quickly shrugged off a better-than-expected October jobs report and shifted focus to the election.
    S&P has been trading under its 50-day moving average, of 1434, and it tested it again Friday. The market seems to have decoupled from economic and earnings data. It’s probably a combination of uncertainty to do with the election and just plain technical. Romney is Wall Street’s favored candidate for his position on taxes and fiscal policy, but the tension around this election is especially high since the candidates continue to run neck and neck in the polls. But regardless of who wins, analysts say it is important to end the lack of clarity on what direction Washington will take on tackling the country’s fiscal challenges.
    The bond market views a Romney win as better for dealing with the fiscal cliff and debt-ceiling issues. Adams said it would also probably be a better outcome for the stock market, since status quo in Washington pits the Democratic president against a mixed Congress that would likely fight him. An unlikely change in the makeup of the House to Democratic majority, if Obama wins, would make it easier to resolve the cliff just as a Republican sweep in the Senate would make it easier should Romney win the presidency. As for the market, it will probably not move ahead until it’s clear how the cliff will be handled. “I think it’s unlikely we can surge back without the removal of uncertainty. I think it’s more likely that we test the 200-day moving average and move lower rather than higher, unless the election changes things,” she said. The 200-day moving average on the S&P 500 is 1379. Adams said a Romney win would also be bullish in that it would boost capital spending, which companies have said they are holding back on due to uncertainty about taxes and the fiscal cliff.
    Analysts said a Romney win would be a surprise and boost the stock market, as the market has been pricing in an Obama win. In the bond market, there could be a move in either case.
    “The feeling is if Obama wins, it’s a 10 basis point rally, and if Romney wins it’s a 20 basis point selloff,” .


  16. SS Says:
    November 3rd, 2012
    Posted at: 1:49 pm

    Hi H A M, Good Afternoon

    What do you say abt IRB Infra on Monday ?

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