Quotes with Resistance & Support
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Intraday calls for 08-04-10

Posted on: April 8th, 2010 at 8:23 am

Markets likely to see a flat opening. Nifty has support at 5350 and resistance at 5400.

Sell Oracle Financial Services Software Ltd at 2245.70, target: 2210. Stoploss: 2263 – (exit postions at 2248)

If markets show recovery later during the day, buy: Den Networks Ltd

Trade in small quantities.

1.01pm – book profits in SAIL futures at cmp 249. short call given yesterday

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669 Responses

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  1. rashid Says:
    April 8th, 2010
    Posted at: 2:58 pm

    may i exit remaining pu now


  2. preeti Says:
    April 8th, 2010
    Posted at: 2:58 pm

    Hi Kartik, cn we see gap down opening tmrw??if so,shld i exit scripts whch are even in marginal profits??


  3. Kartik Says:
    April 8th, 2010
    Posted at: 2:59 pm

    Hi rashid, yes.


  4. Akash Says:
    April 8th, 2010
    Posted at: 2:59 pm

    Hi Kartik, Just one mion left at it is near 390. Shud I let it trade automatically..


  5. Kartik Says:
    April 8th, 2010
    Posted at: 2:59 pm

    Hi preeti, yes, book partial.


  6. Kb Says:
    April 8th, 2010
    Posted at: 3:00 pm

    US Stock Futures Down Before Bernanke Speech


  7. Kartik Says:
    April 8th, 2010
    Posted at: 3:00 pm

    Hi Akash, yes.


  8. vishnuteerth Says:
    April 8th, 2010
    Posted at: 3:00 pm

    Karthik,

    Allahabad and andhra bank are going down, shoul I hold till Q4 results or book profit @CMP


  9. dm Says:
    April 8th, 2010
    Posted at: 3:00 pm

    hi..CB/Kartik,

    Sir any TGt for SESAGOA…?

    we are holding with 474 levels….!

    Pls advice

    and jaicorp can see 295 level tomorrow….? pls suggest…!!


  10. suzane Says:
    April 8th, 2010
    Posted at: 3:00 pm

    is this termed as correction ?? Do u think nifty will bounce tommorow ??


  11. rashid Says:
    April 8th, 2010
    Posted at: 3:00 pm

    what about calls...............


  12. Kartik Says:
    April 8th, 2010
    Posted at: 3:01 pm

    Hi vishnuteerth, book partial profits for now.

    Hi dm, book partial in sesa goa for now. jai crop can add 10-12rs in 1-2 days.


  13. dak Says:
    April 8th, 2010
    Posted at: 3:01 pm

    Hi Kartik - what is the support level for SAIL now? I hold a put option - should I square off now ?


  14. sourabh Says:
    April 8th, 2010
    Posted at: 3:02 pm

    what is the target of nifty.... can i hold for tomorrow


  15. Kartik Says:
    April 8th, 2010
    Posted at: 3:02 pm

    Hi suzane, yes. should see some bounce.

    Hi rashid, dont enter yet

    Hi dak, support is at 225-230.yes, square off for nw.


  16. Bull Says:
    April 8th, 2010
    Posted at: 3:03 pm

    Hi Kartik & friends, I had bad experience with India Infoline today.. I was short on my position , and it was going fine.. and due to some small upside i was in 1-2K loss, but I was sure , market wl come down again, and there was 20K in my account.. and market and the stock came down as well.. but to my surprise RM called me , that risk department has squared off trade, sensing loss.. i.e. booked the loss.. this was done without asking me, i.e. w/o client permission.. me and my RM were doing same trade many times in past few days for similar 20-30K balance.. and why suddenly today they felt Risk ?? I find this suspicious, and I could have made 4-5K if they wont hv squared of that level .. Please help me , whom can I approach to complain against my broker ? should I take to SEBI , or is there any other channel

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