Quotes with Resistance & Support
Market Information

Intraday calls for 04-08-14

Posted on: August 4th, 2014 at 8:27 am

Markets likely to open slightly higher. Nifty has resistance at 7670 and support at 7570

Buy Sona Koyo Steering system at 39.70, target: 42.50. Stoploss: 38.30 – (Continue to hold Sona Koyo Steering Systems for BTST)

10.04am – Book profit in Bayer Cropscience at 2085


Thought for the day: We are made wise not by the recollection of our past, but by the responsibility for our future. – George Bernard Shaw

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317 Responses

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  1. Abhi Says:
    August 4th, 2014
    Posted at: 2:44 pm

    Hi KK,

    Should I enter Tech Mahindra at current levels for 1-2 days...?


  2. svs Says:
    August 4th, 2014
    Posted at: 2:46 pm

    Hi KK, 7665 spot 7693 fut


  3. RuchitM Says:
    August 4th, 2014
    Posted at: 2:46 pm

    Hi K K, can i buy axis bank @ this level or shld i wait ? also there is RBI meet tmoro ? what is your suggestion.?


  4. svs Says:
    August 4th, 2014
    Posted at: 2:48 pm

    kk pls let me know what to do?


  5. K K Says:
    August 4th, 2014
    Posted at: 2:48 pm

    Hi svs,
    ok, thanks. let's hold your short in Nifty

    Hi Abhi,
    No fresh entry for now


  6. Nilesh Says:
    August 4th, 2014
    Posted at: 2:49 pm

    Hi K K, can we look for buying in BANK NIFTY ?


  7. svs Says:
    August 4th, 2014
    Posted at: 2:50 pm

    Hi KK ,can expect downmove today?


  8. svs Says:
    August 4th, 2014
    Posted at: 2:52 pm

    nw 7677 & 7708


  9. Riddhi Says:
    August 4th, 2014
    Posted at: 2:54 pm

    HI CB,

    Shall I square off Sona Steering?


  10. Rahul kumar sinha Says:
    August 4th, 2014
    Posted at: 2:54 pm

    Hi CB,

    i bought usha martin 100 shares at 43.50 with stop loss of 42.what is the target i can look for by friday?is it a hold?if yes,then for what target?please suggest


  11. K K Says:
    August 4th, 2014
    Posted at: 2:57 pm

    Hi Nilesh,
    Not sure of RBI policy outcome. Street is not expecting rate cut this time. So, I don't like to take the risk in it. SBI results also will be crucial to watch for tomorrow.


  12. SAI Says:
    August 4th, 2014
    Posted at: 3:00 pm

    Hi K K, can u adv me on SBI. Holding 2600 CE @ 37


  13. K K Says:
    August 4th, 2014
    Posted at: 3:00 pm

    Hi svs,
    you can keep 7721 Nifty spot as stoploss for your short position


  14. svs Says:
    August 4th, 2014
    Posted at: 3:03 pm

    KK BUT 3:20 is the time to square off.


  15. CB Says:
    August 4th, 2014
    Posted at: 3:05 pm

    Hi Rahul kumar sinha, it has resistance at 44. above this can test 47. hold for now. keep sl at 40

    Hi Riddhi, can hold for btst


  16. ramaswamy Says:
    August 4th, 2014
    Posted at: 3:07 pm

    sir iam holding m&m finance 248.50 future

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