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

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656 Responses

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  1. simran Says:
    June 16th, 2010
    Posted at: 8:25 pm

    Hi kartik,
    i bought unitech @ Rs.70 & sterlite @ Rs 694..
    how do they look for tomorrow?
    thank you


  2. Shipra Says:
    June 16th, 2010
    Posted at: 8:28 pm

    HI kartik...plz suggest me some good script for intrday tomorro in futures...plz?
    i am waiting from so long for a good advice at right time from u ...plz tell me sth for tomorrow intrday fut's which i can enter at opening and can exit by end of day...
    thanks a lot 2 u in advcane..:)


  3. yaser Says:
    June 16th, 2010
    Posted at: 8:32 pm

    cud u tell me whats the target of national fertilizer


  4. skmishra Says:
    June 16th, 2010
    Posted at: 8:50 pm

    Hi Mahesh, my blog contents are not related to market. I have forayed into market just a while ago. http://www.shreejagannathgoa.org/ is the link, where i have haphazardly uploaded some photo of Rathayatra at Panaji so that later on official website of the trust can have those data. I am a bit involved in suck work. But now i am serious enough to learn and earn from this chapter of my life - trading and technical analysis. I am a KG student. Can learn a lot from you.


  5. Sabu Says:
    June 16th, 2010
    Posted at: 8:54 pm

    Hi Chirag,

    You have mentioned before that Jyoti laboratories is a pharma company
    and hence it is a defensive stock.

    But, this is a detergent (washing powder) manufacturing company.
    I am sure about this because I personally know the MD of this company


  6. Vipul Singh Says:
    June 16th, 2010
    Posted at: 8:57 pm

    Hello Mr. Kartik i need your help
    I have 1200 shares of suzlon @73 & i want to sell them
    whats the future of suzlon for 2-3 monts ......can i average at 57 to
    pull my money back from suzlon.........please do give a rply

    thank you


  7. Avis Says:
    June 16th, 2010
    Posted at: 9:19 pm

    Hi cb
    i have short pos in dlf, hul
    any downside expected in these stocks tmrow


  8. SunilRao Says:
    June 16th, 2010
    Posted at: 9:24 pm

    Hi All, Please refer to my earlier Tech. Analysis about Nifty on 10th Jun.
    http://nseguide.com/intraday-calls-tips/intraday-calls-for-10-06-10/?cp=32#comment-331412

    As predicted earlier, Nifty today managed to touch 5250 levels and was faced with stiff resistance due to which markets were volatile. Today was the sixth day of the bull rally which needs to see a small correction to head to 5400 levels and higher. The Stochastics is above 97 levels and RSI shows a negative divergence the last 2 trading sessions, clearly indicating a correction. Currently Nifty has small support @ 5175-5180 levels and good supports @ 5140-4145 levels and 5105-5110 levels and resistance @ 5250-5260 levels.

    If Nifty is not able to cross the current resistance level, we can expect it to touch 5140-5145 levels and if selling pressure high it may even touch 5110 levels and then continue with the upward movement.

    However globals cues need to be seen too which may factor unlikely moves.

    Hi Cb/Kartik, need your views about my analysis.

    Regards,

    Sunil Rao.


  9. CB Says:
    June 16th, 2010
    Posted at: 9:25 pm

    Hi AT, seems will open a bit flat.. yes, hold onto it. dont avg it yet.

    Hi S.MAHESH, sorry for the delayed response.. yes, would advice to get into it.. dont trade just track them for some time..they are good indicators of what could be next in the cash market.

    Hi jeetu, most welcome.

    Hi Reddy, hold it with sl at 61. should see some bounce from here.

    Hi Deepak, has strong resistance at 9600. as of now hold it. can come down a bit from here.

    Hi pankaj, yes, hold it for short term. can see 750

    Hi sriram, yes, looks good. can see 330

    Hi rahul, no, wait for some dip to enter it

    Hi Inder

    Hi simran, unitech can see 74 in coming days if markets recover a bit. sterlite can see 720

    Hi Shipra, yes, shall give one tomorrow. looking for some as of now.

    Hi yaser, has some resistance at 31, above this can see 34

    Hi Vipul Singh, yes, hold onto it. it will give ur money back. if it comes down to 54 add some more of it.


  10. CB Says:
    June 16th, 2010
    Posted at: 9:28 pm

    Hi Gitanjali, yes, full time into markets is always risky..

    Hi skmishra, thanks

    Hi Sabu, oh ok. thanks for the info.

    Hi Avis, some profit booking can come in. hold them. dlf can see 270. hul keep strict sl at 264. can see 248

    Hi SunilRao, great.. yes, 5250 is some resistance and also some profit booking could kick in..


  11. Shipra Says:
    June 16th, 2010
    Posted at: 9:28 pm

    Hi CB..ok.plz look into some good script for intrday in fut 2mrw...plz
    i request u...
    i have not done any trdaing since long and have not been able to recover my losses from long...plz help me..wll wait for ur reply..
    if possible plz mail its entry and exit prices on my id [email protected]
    thnx again...and good nite...


  12. CB Says:
    June 16th, 2010
    Posted at: 9:29 pm

    Hi Shipra, sure,will do so.. Good night..


  13. Akash Says:
    June 16th, 2010
    Posted at: 9:32 pm

    Hi CB, you missed my query? Pls suggest. Thanks.


  14. Gitanjali Says:
    June 16th, 2010
    Posted at: 9:35 pm

    Hi CB, Thanks cb
    Did u watch the spills &thrills of -Spain vs switzerland ..!!!


  15. Gitanjali Says:
    June 16th, 2010
    Posted at: 9:39 pm

    Hi SunilRao, Thanks again.. I do remember ..
    As i hold short position


  16. SunilRao Says:
    June 16th, 2010
    Posted at: 9:42 pm

    Hi CB, Thanks, have been analysing Nifty on a daily basis for almost a month now and trading only on it and made some profits on it. Though I lost quite a lot in TataSteel and UshaMartin shares which were in my portfolio as I had to exit them as my S.L. were triggered. Now I have them back in my portfolio at lower rates :)

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