Quotes with Resistance & Support
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Intraday calls for 08-07-11

Posted on: July 8th, 2011 at 8:33 am

Markets likely to open higher, resistance at 5750

Buy IB Real at 119, Target: 124, SL 115
If Markets show weakness during the day, go short on Tata motors

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488 Responses

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  1. Kartik Says:
    July 8th, 2011
    Posted at: 3:30 pm

    Hi vipul, wait for some time


  2. Prabhu Says:
    July 8th, 2011
    Posted at: 3:31 pm

    hi Kartik: thnx but wat shud be the target?


  3. Akash Says:
    July 8th, 2011
    Posted at: 3:31 pm

    Hi Kartik, Ok. But hope it will see that level at least easily and market will not go up before it sees 5610?


  4. DS Says:
    July 8th, 2011
    Posted at: 3:32 pm

    Dear Kartik,

    Also shd i buy Essat 140 CE...apparently mind blowing result on the cards? Can this be true? Or is this another ruse by operators to lure innocent retail investors?


  5. CB Says:
    July 8th, 2011
    Posted at: 3:40 pm

    Hi Prabhu, it can see 83-84 levels.

    Hi Akash, yes. hold it

    Hi DS, hold it. it can head upto 134-135 levels. looks good. does not seem like a operator driven stock


  6. abhinav Says:
    July 8th, 2011
    Posted at: 3:45 pm

    how does idea look for shorting ?


  7. Gitanjali Says:
    July 8th, 2011
    Posted at: 3:46 pm

    Hi CB, Happy week end to all !


  8. raj Says:
    July 8th, 2011
    Posted at: 3:57 pm

    CB when can i expect Bata to come down?? Should i hold the short postion or exit i have hedged it 660 call.


  9. SAI Says:
    July 8th, 2011
    Posted at: 4:15 pm

    HI CB HOLDING 5600 PE. AM I SAFE?? WHY SUDDEN FALL?


  10. Sridhar Says:
    July 8th, 2011
    Posted at: 4:20 pm

    Hi Kartik,
    I have bought Ashok Leyland CE 50 but it is not increasing with the stock price. Please help me understand......


  11. shiva Says:
    July 8th, 2011
    Posted at: 4:52 pm

    I am long in ITC and RCOM..whats the view :


  12. Kartik Says:
    July 8th, 2011
    Posted at: 5:12 pm

    Hi abhinav, go short below 80 (strong support)

    Hi Gitanjali, GE, same to you

    Hi raj, hold the CE for some time, book it on rise

    Hi SAI, we seem to seen profit booking today, hold your PE for another 1-2 days

    Hi Sridhar, auto stocks have been trading weak, hold it with a SL at 50

    Hi shiva, they can see some more consolidation around 200 and 96 levels for a while before making a move upwards


  13. suzane Says:
    July 8th, 2011
    Posted at: 5:25 pm

    Hi Kartik, as per your suggestion (Cb) i bought RANBAXY above 553-554 , it head up till 559 and suddenly it felt down as CB suggested for target of 565. as i was waiting for it. What happened to market at the end of day ?? what was the reason for such selling preasure ??
    Anyways i am holding Ranbaxy as BTST , what target you suggest in it on MONDAY ??


  14. Kartik Says:
    July 8th, 2011
    Posted at: 5:32 pm

    Hi suzane, Yes, we saw profit booking in many large/mid caps today in the closing few minutes, continue to hold it for 1-2 days, above 550 it looks good


  15. karthickPrabhu Says:
    July 8th, 2011
    Posted at: 5:35 pm

    thanks cb,karthick.

    Holding relaince at 880 and apollo at 530 shall i add more or wait?


  16. SAI Says:
    July 8th, 2011
    Posted at: 5:37 pm

    HI KARTIK OK THANKS BYE HAPPY WEEK END TO YOU & ALL

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