Quotes with Resistance & Support
Market Information

Intraday calls for 08-08-13

Posted on: August 8th, 2013 at 8:05 am

Markets likely to open flat, next strong support at 5490

Buy Reliance Industries around 873, target: 885, SL 864

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134 Responses

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  1. Kartik Says:
    August 9th, 2013
    Posted at: 10:54 am

    Hi pankaj, banking stocks look weak overall, would be better to wait for sometime for their prices to settle

    Hi CA.Tejas, Gm, Happy Eid to you too, Markets can add some more gains in the next few days, try to exit from these on rise ahead (some shortcovering ahead)


  2. VT Says:
    August 9th, 2013
    Posted at: 11:07 am

    hi Kartik

    holding Punjab National Bank -Aug- future @ 599 ? & bought Financial technology @ 160 ..what would be your recommendation on above...please advice.
    regards,


  3. pankaj Says:
    August 9th, 2013
    Posted at: 11:08 am

    thanku sir
    which price is best for bank index investment
    i about bank nifty index sl


  4. CB Says:
    August 9th, 2013
    Posted at: 11:51 am

    Hi VT, these are a hold for few days. FT can test 190. exit on rise for now. pnb too is likely to see some short covering

    Hi pankaj, bank nifty is near strong support levels of 9600-9900. can expect some bounce from here.


  5. Sohan Says:
    August 9th, 2013
    Posted at: 11:58 am

    Hello CB,

    Good Morning.

    Please give some opinion on Gold and Oil.

    DO you see dollar Index supporting at this levels. What will happen to Nifty then.

    Do you see more fall in rupee if this happens.

    Sohan


  6. VT Says:
    August 9th, 2013
    Posted at: 12:44 pm

    thanks CB


  7. CHARI Says:
    August 9th, 2013
    Posted at: 12:53 pm

    MORNING CB SIR
    WHAT WILL BE SUPPORT AND RESISTANCE .RANBOXY GO LONG OR SHORT MONDAY
    PLEASE ADVICE


  8. Kartik Says:
    August 9th, 2013
    Posted at: 12:53 pm

    Hi Sohan, Good morning, Gold is likely to trade flat ahead, but it seems Ruppe and Oil may conitnue to rise, Markets have already started to react to this trend, but seems a small short covering rally can come ahead

    Hi VT, most welcome

    Hi CHARI, its likely to be too volatile for the next 2-3 days time, would be better to avoid it


  9. komsid Says:
    August 9th, 2013
    Posted at: 1:09 pm

    Hi CB/Kartik...good morning and eid mubarak to all..


  10. Sohan Says:
    August 9th, 2013
    Posted at: 1:23 pm

    Hello Kartik,

    Thanks very much.

    Is it advisible to open new longs in USD/INR at CMP


  11. CA.Tejas Says:
    August 9th, 2013
    Posted at: 1:52 pm

    Hi CB, Thanks Kartik....

    CB Yr views please on followings:

    CB - Yesterday I pur Reliance Infra 40 shares @ 336, SPice jet 500 @ 26.30 and RCOM 35 shares @ 126.70... what should I do??

    FYI - Current status profit in REL INFRA and loss in SPICEJET & RCOM..


  12. pankaj Says:
    August 9th, 2013
    Posted at: 1:55 pm

    hi cb sir
    can i buy itc & tataglobal & dabur at this level?


  13. Kartik Says:
    August 9th, 2013
    Posted at: 2:02 pm

    Hi komsid, Gm, thanks, same to you

    Hi Sohan, Yes, can be entered for a couple of days

    Hi pankaj, Tata global can be entered if it crosses 150 (strong resistance), Dabur looks good for Short term, keep a SL at 155 for a target of 175 in 1-2 weeks time


  14. VT Says:
    August 9th, 2013
    Posted at: 3:13 pm

    can u provide target for PNB-future

    i want to exit from it as soon as possible holding @ 599

    thanks


  15. pankaj Says:
    August 9th, 2013
    Posted at: 3:15 pm

    and what about u in itc?


  16. Kartik Says:
    August 9th, 2013
    Posted at: 4:55 pm

    Hi pankaj, ITC faces strong support at 320 lvls, wait for a few days to see if it manages to hold on its strong support of 320

    Hi VT, it can see 550 in the coming week, if possible hedge with a PE

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