Quotes with Resistance & Support
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Intraday calls for 07-01-11

Posted on: January 7th, 2011 at 8:28 am

Markets likely to open slightly higher, Strong support for Nifty at 5980, Resistance at 6100

Buy Reliance Industires around 1085, Target: 1105, SL 1070 – (sl triggered)

Nifty Index/Future Live Chart with RSI and MACD – Click to view

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655 Responses

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  1. Azad Shaikh Says:
    January 7th, 2011
    Posted at: 8:32 am

    What do you think of Essar Oil for short term?


  2. Kartik Says:
    January 7th, 2011
    Posted at: 8:33 am

    Hi Azad Shaikh, Oil stocks look weak as of now, dont make fresh entries in it yet


  3. dak Says:
    January 7th, 2011
    Posted at: 8:35 am

    CB / Kartik, if markets are to open higher and support is at 5980- do you expect nifty to go down after opening? Holding nifty futures shorted at 6100 - wasnt able to square off yesterday. at what levels should I square off today ?


  4. Kartik Says:
    January 7th, 2011
    Posted at: 8:36 am

    Hi dak, since we have already slipped down quite a lot, we are likely to take a pause today, continue to hold it your Short for 1-2 days


  5. smh Says:
    January 7th, 2011
    Posted at: 8:39 am

    cb/kartik, pls guide me on GSPL & VOLTAS fut what levels can i see should i exit on cost ps guide sir..


  6. smh Says:
    January 7th, 2011
    Posted at: 8:40 am

    kartik, pls guide me about COLGATE pal long @ 870 can i expect 882 tdy..


  7. Balu Says:
    January 7th, 2011
    Posted at: 8:44 am

    Karthik, Bought IVRCL infra at 131, Does it recover ? Target and SL for short term pls ?


  8. chandra Says:
    January 7th, 2011
    Posted at: 8:45 am

    HI Kathik, Can i enter Zensar for intraday?


  9. Kartik Says:
    January 7th, 2011
    Posted at: 8:48 am

    Hi smh, Colgate can see around 865, continue hold GSPL and Voltas for another 2-3 weeks time

    Hi Balu, it looks weak below 130, would be better to exit it

    Hi chandra, no


  10. Abhishek Says:
    January 7th, 2011
    Posted at: 8:49 am

    So Kartik can we short reliance with target of 1000...


  11. Kartik Says:
    January 7th, 2011
    Posted at: 8:49 am

    Hi Abhishek, go short on it for today


  12. rahul Says:
    January 7th, 2011
    Posted at: 8:50 am

    hello kartik,
    Any intraday tips for today?


  13. Kartik Says:
    January 7th, 2011
    Posted at: 8:50 am

    Hi rahul, reliance looks good


  14. AJ Says:
    January 7th, 2011
    Posted at: 8:51 am

    What are the targets for JUBL FOODS and JINDAL STEEL today?


  15. RAJESH Says:
    January 7th, 2011
    Posted at: 8:51 am

    GM KARTIK, PLANNING TO BUY ORIENT PAPER FOR INTRADAY? WHATS THE TGT FOR THIS STK?


  16. Kartik Says:
    January 7th, 2011
    Posted at: 8:53 am

    Hi AJ, 630 and 725

    Hi RAJESH, can see 55.20

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