Quotes with Resistance & Support
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Intraday calls for 06-05-14

Posted on: May 6th, 2014 at 8:21 am

Markets likely to open slightly higher. Resistance for nifty is at 6780 and support at 6650.

Buy Axis bank at 1555, target: 1573. Stoploss: 1541

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313 Responses

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  1. ankush Says:
    May 6th, 2014
    Posted at: 11:44 am

    Restrict*


  2. JS Says:
    May 6th, 2014
    Posted at: 11:47 am

    Hi ankush, but when i asked them about BTST they said at your risk you can sell it as settlement is not done yet.


  3. Robotguy Says:
    May 6th, 2014
    Posted at: 11:48 am

    Hi ND, No need to enter again..actually it touched 998 but it has closed above that on 5 min time frame...so the stop loss is actually not yet hit...but since u hv already exited don't enter now...


  4. Rojes Says:
    May 6th, 2014
    Posted at: 11:48 am

    Hi ankush,
    Happy to know that you got ur purchase price....it will be better if you had exited half qty and take risk on balance half for higher price....pls read my messages to Robotguy... will give u an idea.... BUT I know ur brokerages are high which makes it a loss to split orders (min bokerage rs.21 per order).
    Regarding AXIS BANK, keep the s/l given by CB sir.... 1541... target... T1 as 1563 and T2 CB sirs target 1573.


  5. ankush Says:
    May 6th, 2014
    Posted at: 11:50 am

    Hi JS...

    Settlement I.e, payout...would occur at T+2..but that doesnot mean u cnt sell stock. ..so dnt wrry n sell..


  6. Robotguy Says:
    May 6th, 2014
    Posted at: 11:52 am

    Hi JS, Hi ankush, Yes your broker is correct, if you sell any shares which is not credited in your demat a/c. the risk lies fully on you....but some brokers do give BTST facility for some specified scrips better u check up with your broker...Send them an email and tell them to reply so that their reply remains in your mail box as a proof of what they say...


  7. ankush Says:
    May 6th, 2014
    Posted at: 11:52 am

    Hi ROJES..Ok buddy :-)

    I will shift to zerodha in june..kotak chor hai...


  8. ND Says:
    May 6th, 2014
    Posted at: 11:53 am

    Hi Robotguy,
    Yesterday I booked little profit and exited. Today again I entered @1001 and set the SL 998. Later I saw it was executed and didn't fall further.


  9. JS Says:
    May 6th, 2014
    Posted at: 11:53 am

    Hi ankush, ok thank for the help. my purchase price is 602.65 wanted to sell @ 606 level. now i am waiting for price again to come @ 606 + level.


  10. ankush Says:
    May 6th, 2014
    Posted at: 11:54 am

    Hi JS..All the best..:-)


  11. JS Says:
    May 6th, 2014
    Posted at: 11:55 am

    Hi ankush, thank sir.


  12. ibull Says:
    May 6th, 2014
    Posted at: 11:56 am

    Hi JS, GM. When your broker tells BTST is at your own risk it means your broker is not responsible if shortage of delivery happens. Take caution


  13. ibull Says:
    May 6th, 2014
    Posted at: 11:58 am

    Hi JS, take caution. your broker is not taking responsibility if shortage of delivery happens


  14. ibull Says:
    May 6th, 2014
    Posted at: 11:59 am

    Hi JS, take caution my friend


  15. ibull Says:
    May 6th, 2014
    Posted at: 12:07 pm

    Hi Robotguy, Good afternoon. Will change my style of trading. Will become a system trader. Still backtesting :)


  16. Rajasekar Says:
    May 6th, 2014
    Posted at: 12:07 pm

    Hi Robotguy, shall i buy LT 1300ce@74 pl advice

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