Quotes with Resistance & Support
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Intraday calls for 08-06-10

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

Markets likely to see a flat opening. Support for nifty is at 5000.

Buy Sesa Goa Ltd at 347.35, target: 358. Stoploss: 340. – (continue to hold it for 1-2 days if possible. is near strong support levels and a good bounce is likely soon)

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576 Responses

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Comment pages: 293031323334353637Show all

  1. SRINIVAS Says:
    June 8th, 2010
    Posted at: 3:36 pm

    HI CB/KARTHIK

    I HAVE GONE LONG IN HDIL@ 220. PL ADVICE


  2. prashant Says:
    June 8th, 2010
    Posted at: 3:42 pm

    Sirji Good afternoon

    Please suggest me on these stocks

    Nova iron and Steel limited ( NOVIS) and Cinevistaas

    i would like to go for loong term


  3. Soumitra Says:
    June 8th, 2010
    Posted at: 4:05 pm

    hi, how you think the market will open tomorrow??


  4. sg Says:
    June 8th, 2010
    Posted at: 4:10 pm

    Hi Kartik,

    I have bought vijaya [email protected] tell me whether this stock is on hold or sell? If on hold side, then can you tell me target for short term? Thanks


  5. AT Says:
    June 8th, 2010
    Posted at: 4:15 pm

    kartik sir,

    thanks a lot..................2day i had sold remaining 2 lots of 4900 PE.........earned good amount of profit.........thanks for guiding me from past 6 days.


  6. tanu Says:
    June 8th, 2010
    Posted at: 4:25 pm

    Hi Kartik,
    i m learning something new everyday from this website and ur advice :)
    just understanding the RSI concept....i have a query on the same, i was looking at RSI values of the stocks i m holding....vijaya bank has high RSI touching 70 at these levels...isnt it an overbought stock now..or getting there?
    is my analysis correct or there are other factors to take into consideration?
    thanks in advance


  7. Sonali Says:
    June 8th, 2010
    Posted at: 5:15 pm

    Hi Kartik,
    I have icicibank @ 855. should I sell it on any rise, or hold?


  8. Kartik Says:
    June 8th, 2010
    Posted at: 5:19 pm

    Hi DM, yes, will need to avg them. dont avg yet. avg if nifty comes down to 4800.

    Hi S.MAHESH, bye..

    Hi Akash, not sure of rallis..

    Hi nitin shah, yes, hold them. dont buy back your stocks yet.. chances are we will see 4800 soon

    Hi rashid, not sure yet.. lets see how US markets close.

    Hi swamy, around 4900. hold it.

    Hi SRINIVAS, would advice to exit on rise near 222-225 for now. it looks a bit weak.

    Hi prashant, they are weak stocks. have been posting losses. dont go long in them yet.

    Hi Soumitra, likely to be flat.

    Hi sg, hold it. can see 65

    Hi AT, nice to hear that..you are always welcome..

    Hi tanu, nice to hear that.. yes, they are overbought.. but stocks can remain the oversold/overbought region for a long time.. would advice to follow William %R rather than RSI.. its a much accurate indicator and is usually right.


  9. Kartik Says:
    June 8th, 2010
    Posted at: 5:19 pm

    Hi rami, thats true..

    Hi Sonali, its a hold. keep it for short term. if possible add few more on dips to avg.


  10. Kb Says:
    June 8th, 2010
    Posted at: 5:28 pm

    Some body answer me please ...


    Increase In OI PCR indicates Bearishness .. decrease indicates Bullishness ... thats rite .. and i agree ..

    the doubt is ...

    Increase In OI of a PE compared to CE indicates what ?? bearishness ?? How can we understand that, its selling/ buying happens ??

    And is there is any relation with strike price & spot price of these ??

    Some body plzz explain in detail. ..


  11. Manasa Says:
    June 8th, 2010
    Posted at: 5:32 pm

    Hi,

    Can i Buy Wipro @ CMP for 1 month period ?
    Wats the expected Target in 1 month ?


  12. Akash Says:
    June 8th, 2010
    Posted at: 5:32 pm

    Hi Kartik, how is IVP and TATA Metaliks for short term? Or they are good only for long term? Especially IVP as it is expected to become multibagger. Is it?


  13. gk Says:
    June 8th, 2010
    Posted at: 5:37 pm

    I have some bgil stock at 20..........shall i avg it now?


  14. Sonali Says:
    June 8th, 2010
    Posted at: 5:38 pm

    What is the target for icici bank in 4-5 months?


  15. Kb Says:
    June 8th, 2010
    Posted at: 5:39 pm

    I read an article.. understood partially .. if somebody explains it in detail.. it will be good ..

    doubts ..

    1. is there is any way to find out buying/ selling, what is happening in behind the increase in OI .. .

    what are the other conditions ??

    Like , Out of money PE OI , increases .. what it indicates ???

    In the money PE OI , increases .. what it incicates ??

    Out of money CE OI , increases .. what it indicates ???

    In the money CE OI , increases .. what it incicates ??
    _______________________________________________

    :) .. bit confused ..


  16. S.MAHESH Says:
    June 8th, 2010
    Posted at: 5:44 pm

    Hi Kb,
    check this ---http://www.financialexpress.com/news/putcall-ratio-in-the-indian-context/147600/0

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