Quotes with Resistance & Support
Market Information

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. Tarun Says:
    July 6th, 2010
    Posted at: 7:32 pm

    Kartikji,

    What is tomorrow's target for ICICI ? Shall I hold for short term or exit tomorrow. We were expecting 832 downside.

    I have to recover my previous ICICI loses :)


  2. Kartik Says:
    July 6th, 2010
    Posted at: 7:43 pm

    Hi paresh doshi, yes, the company might give away some dividend or bonus

    Hi Kelly, Good night

    Hi pankaj, it looks strong above 82

    Hi Tarun, ICICI is likely to see some more upmove in the coming days, hold it for some more time with a SL at 850


  3. YASH Says:
    July 6th, 2010
    Posted at: 7:48 pm

    Karthik
    holding 480 PE tata steel is it hold or exit


  4. ramsingh Says:
    July 6th, 2010
    Posted at: 7:49 pm

    Hai Kartik!
    Please suggest about tommorrow target price for Edserv.


  5. Tarun Says:
    July 6th, 2010
    Posted at: 7:51 pm

    Hi Kartik, Thanks. Sorry, I was asking about the upside only. I hold at 850.


  6. Kartik Says:
    July 6th, 2010
    Posted at: 7:51 pm

    Hi YASH, hold it with a SL at 488


  7. Anil Says:
    July 6th, 2010
    Posted at: 7:57 pm

    GE Karthik,

    Can we short Nifty at tomorrow's gap up opening?? Holding 5200 PE @ 87..


  8. ramsingh Says:
    July 6th, 2010
    Posted at: 7:59 pm

    Hai Kartik!
    Please suggest tommorrow target for Edserv.


  9. sanzy Says:
    July 6th, 2010
    Posted at: 7:59 pm

    hi guys...
    markets seems to be ready for a good up move...

    i am holding L&T 1850CE at 26 and RIL 1100CE at 17...

    its neither going down nor going up...

    what is ur view on the stocks...how much upside can i expect


  10. bhuvana Says:
    July 6th, 2010
    Posted at: 8:01 pm

    hai karthik'cb' how ru
    i bought bharti 500@271 can i hold it for a week or sell for profit tomorrow and aban iam holding @718 [230shares] can i book profit or wait for some more time i need cash also also for further trading pleease send ur advice


  11. pankaj Says:
    July 6th, 2010
    Posted at: 8:06 pm

    Today INDSILHYD closed @ 83.3/-, what tgt next can i keep it for? thanx.


  12. Trader Says:
    July 6th, 2010
    Posted at: 8:10 pm

    hi kartik,
    would 5350 b good level to short nifty ?
    thanks


  13. LEO Says:
    July 6th, 2010
    Posted at: 8:16 pm

    Hi Kartik,

    Any Gap up tomorrow - crossing recent res. lvls 5330...

    If crossed 5330 ,what will be the upper res. lvl beyond that ...........


  14. Tanya Says:
    July 6th, 2010
    Posted at: 8:17 pm

    i have 1lac and i wanna invest for 1yr...
    pls suggest good stocks to invest in...

    n what is ur view on markets by December 2010


  15. Adil Says:
    July 6th, 2010
    Posted at: 8:36 pm

    Hi kartik pls give me tomorrow hdil target


  16. Kartik Says:
    July 6th, 2010
    Posted at: 8:38 pm

    Hi Anil, if we show some weakness tomorrow and Europe too manages to open lower, then you may go short with a SL at 5300

    Hi ramsingh, around 215

    Hi sanzy, hold them for some more time, LT above 1840, can do well

    Hi bhuvana, hold Bharti for some more time, book 50% profits in Aban at CMP and hold the rest with a trailing SL at 820 for another 1-2 months time

    Hi pankaj, yes, above 82 it looks strong, hold it for another 1-2 days time

    Hi Trader, cant be sure as of now, we Global Markets show some weakness, then you may go short

    Hi LEO, yes, if Dow continues to trade strong, we may see some more upmove

    Hi Tanya, at current levels you may buy Neo Corporation and Unitech for Long term, they can do well, looking at the current Markets, we might be in a range of 5250-5400 by Dec'10

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