Quotes with Resistance & Support
Market Information

Intraday calls for 16-06-10

Posted on: June 16th, 2010 at 8:22 am

Markets likely to open slightly higher. Resistance for nifty is at 5250 and support at 5180.

Buy Zydus Wellness Ltd at 496.40, target: 510. Stoploss: 487
Buy Karur Vysya Bank Ltd at 529.95, target: 543. Stoploss: 520

Trade in small quantities

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656 Responses

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  1. vaibhav Says:
    June 16th, 2010
    Posted at: 11:40 am

    hi cb/kartik,
    i hold nifty 5000 put jun series @ 96. from last 6 trading session market is moing upwards ??
    wht’s the trend ahead ?? shall i average or exit ??


  2. Kartik Says:
    June 16th, 2010
    Posted at: 11:40 am

    Hi Bala, sorry typo mistake, its 128, you may enter in small quantity for 2-3 days time

    Hi ask, shares are usually sent for auction if you have short sold them without buying them, try confirming it with your broker

    Hi umar, you may buy some of SEL for a target of 80+


  3. raja m Says:
    June 16th, 2010
    Posted at: 11:40 am

    HI KARTIK, thanks,yes its traded volume is more than 4m today,but I was wondering about what facilitated/triggered this massive movement.


  4. Trader Says:
    June 16th, 2010
    Posted at: 11:41 am

    Hi kartik,

    shorts in nifty @ 5100,
    Pls. suggest what to do
    hold or exit, if exit, what to be the stop loss, and if hold, what level can nifty see
    thanks


  5. busybug Says:
    June 16th, 2010
    Posted at: 11:41 am

    kartik is dcb a buy at cmp of 46.85


  6. DS Says:
    June 16th, 2010
    Posted at: 11:42 am

    Dear Kartik,

    Am long on HDIL @ 250...and short in IOC @ 328....hold onto both positions for now right? What can be their tgt by EOD?


  7. Bala Says:
    June 16th, 2010
    Posted at: 11:44 am

    thanks karthik


  8. S.MAHESH Says:
    June 16th, 2010
    Posted at: 11:44 am

    Nifty volatile with positive bias so far.


  9. LEO Says:
    June 16th, 2010
    Posted at: 11:44 am

    Hi Kartik,

    A week tgt for EXIDE IND


  10. Kartik Says:
    June 16th, 2010
    Posted at: 11:47 am

    Hi Anjali, hold it for 1-2 days time

    Hi Trader, hold it with a SL at 5250-60 on Nifty as of now

    Hi busybug, dont enter it yet, wait for some time

    Hi Bala, most welcome

    Hi LEO, around 135


  11. Bala Says:
    June 16th, 2010
    Posted at: 11:47 am

    wt is your intraday target for United phosporus Karthik?


  12. rajat Says:
    June 16th, 2010
    Posted at: 11:48 am

    HI Kartik,

    On which website I can chk Live DOW futhers rates


  13. Kartik Says:
    June 16th, 2010
    Posted at: 11:48 am

    Hi DS, yes, hold them for some more time as of now

    Hi raja m, it was in a downtrend for quite some time, mostly due to its SEL Textiles IPO


  14. S.MAHESH Says:
    June 16th, 2010
    Posted at: 11:49 am

    Hi Kartik,
    Good Morning.


  15. LEO Says:
    June 16th, 2010
    Posted at: 11:49 am

    Ok Kartik,

    Holding DLF and HDIL can I exit [ or ]week tgt


  16. Anirudh Says:
    June 16th, 2010
    Posted at: 11:51 am

    HI S.Mahesh
    GM. Holding Jagan lamps@ 11/ & MIC@50/ Kindly guide me what to do?
    I can book losses if you suggest me some other scrip for 2-3months
    timeframe.

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