Quotes with Resistance & Support
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Intraday calls for 06-07-10

Posted on: July 6th, 2010 at 8:17 am

Markets likely to open slightly lower. Support for nifty is at 5200 and resistance at 5280

If markets show recovery later during the day, buy: Gujarat State Petronet Ltd

2.06pm – one reason for quite a few midcaps not doing well today is that BSE Midcap index is near strong resistance level of 7200-7220 – A triple top formation. currently trading at 7190. a close above 7220-7230 can trigger a fresh rally in midcaps

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644 Responses

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  1. ARIJIT Says:
    July 6th, 2010
    Posted at: 1:33 pm

    Hi Kartik,
    BOUGHT CANBK FOR INTRA AS PER CB'S SUGGESTION YESTERDAY, IT'S NOT MOVING, WHAT TO DO?


  2. Kartik Says:
    July 6th, 2010
    Posted at: 1:33 pm

    Hi sunil, no, dont enter it yet

    Hi Kranthi, not yet

    Hi ARIJIT, yes, not why midcaps not really doing much.. for now continue to hold it.


  3. Anil Says:
    July 6th, 2010
    Posted at: 1:33 pm

    Karthik,

    Shall exit 5200 PE holding @ 87 or avg at 65??


  4. Kartik Says:
    July 6th, 2010
    Posted at: 1:34 pm

    Hi Anil, for now hold it. dont avg it yet


  5. viji Says:
    July 6th, 2010
    Posted at: 1:35 pm

    Hi karthit, will gspl ahead today, not reaching 106,please tell the s.l price,bot @104.95


  6. sunil Says:
    July 6th, 2010
    Posted at: 1:35 pm

    hi karthik can i go short on MTNL futures for 10 days pls suggest


  7. Kartik Says:
    July 6th, 2010
    Posted at: 1:37 pm

    Hi viji, keep sl at 102 and hold it

    Hi sunil, no, dont go short on it yet.


  8. preeti Says:
    July 6th, 2010
    Posted at: 1:38 pm

    Hi Kartik, m holding piramal health at 513..will it see 520 before closing today or i shld exit at 510 (cmp)??


  9. sunil Says:
    July 6th, 2010
    Posted at: 1:38 pm

    karthik how does praj industries looks for short term can i enter at cmp


  10. Kartik Says:
    July 6th, 2010
    Posted at: 1:39 pm

    Hi preeti, may not see 520 today.. can see 513 again


  11. Anil Says:
    July 6th, 2010
    Posted at: 1:39 pm

    Hi Kartik, Thanks. TATASTEEL is going up. Holding short in futures @ 466. Pls advise.


  12. VJ Says:
    July 6th, 2010
    Posted at: 1:39 pm

    Hi Kartik, i plan to enter orchid chem at current price,what tgt and sl would u refer,


  13. Trader Says:
    July 6th, 2010
    Posted at: 1:39 pm

    hi kartik,
    above 5280, nifty can see what level ??
    thanks


  14. N Murali Says:
    July 6th, 2010
    Posted at: 1:40 pm

    Bought escorts for intraday @ 195/ But stock not moving what to do? How
    much would it see t'day.


  15. Kartik Says:
    July 6th, 2010
    Posted at: 1:40 pm

    Hi sunil, its looking weak. dont enter it yet

    Hi Anil, yes. for now exit from it and enter again higher near 485-490


  16. Kranthi Says:
    July 6th, 2010
    Posted at: 1:41 pm

    Kartik,
    I lost Rs. 1000 in Orchid 3 months before. Please sugest me if it is good to enter for short-term with trgt sl and timeperiod.

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