Quotes with Resistance & Support
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Intraday calls for 16-07-10

Posted on: July 16th, 2010 at 8:20 am

Markets likely to see a flat opening. Support for nifty is at 5360 and resistance at 5420.

Buy Ashok Leyland Ltd at 71.40, target:74. Stoploss: 69.

Trade in small quantity.

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835 Responses

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  1. kanifb Says:
    July 16th, 2010
    Posted at: 8:34 pm

    CB Sir. GE. U.S markets down by 150 points. Expecting deep correction in our markets on Monday. What will happen to Marico ? I hope it does no fall sharply


  2. aMAR Says:
    July 16th, 2010
    Posted at: 8:34 pm

    Hi CB,
    Is it possible to Short Sell In Cash on NSE? And what happens if I don't cover in intraday?
    how will the settlement will be done?


  3. Vishal Says:
    July 16th, 2010
    Posted at: 8:51 pm

    Rakesh from zumeritaliya .. bahut sahi kaha .. jo liya wo bech na sake aur jo becha wo le na sake


  4. Kartik Says:
    July 16th, 2010
    Posted at: 8:57 pm

    Hi LEO, its likely to close weak today, as Citi, BofA reported lower revenues

    Hi Anil, yes, they shall do well

    Hi kanifb, yes, seems that it might open around 123-124 on Monday

    Hi R.S, yes, its 2650

    Hi aMAR, it can be on selected stocks (the ones in F&O), if you forget to cover it, then you'll have to pay penalty and it will be sent for auction on the 3rd day (it will be sent automatically and depeneding on the price on that day your P/L shall be decided)


  5. Anil Says:
    July 16th, 2010
    Posted at: 9:08 pm

    Hi Kartik, Thanks. Wt abt JINDALSTEL?? Will it go down with markets?? Holding 2 lots @ 635. Pls advise..


  6. VJ Says:
    July 16th, 2010
    Posted at: 9:09 pm

    Hi Kartik, Wat level can i enter for selmcl share for shortterm and wat is the shortterm tgt and sl?


  7. kanifb Says:
    July 16th, 2010
    Posted at: 9:09 pm

    Thanks Kartik. If MArico opens at 123-124 then I will be suffering loss. I can hold upto Wednesday. Bought 3800 shares at 126. Need to sell at 128 to get some profit


  8. Reddy Says:
    July 16th, 2010
    Posted at: 9:15 pm

    Hi CB /Karthik,

    Is it safe to buy "SUPERTEX INDUSTRIES LTD" for long term holding. Please suggest.
    Thanks in advance.


  9. Shereef Says:
    July 16th, 2010
    Posted at: 9:30 pm

    Hi Karthik / CB,

    I mean how to estimate possible intraday high and low of a stock ?


  10. Kartik Says:
    July 16th, 2010
    Posted at: 9:34 pm

    Hi Anil, Steel stocks have been trading flattish for the past few days, it can do well if Metals manage to show some recovery

    Hi VJ, you may enter it at CMP, it can add 30% in Short term

    Hi kanifb, cant be sure as of now, it would be better to wait till Asian Markets react on Monday

    Hi Reddy, yes, it can be entered for Long term at CMP

    Hi Shereef, it difficult to find the exact high and low for Intraday, if the stock manages to close above the clouds or if the stock manages to close above its 28 DMA then it can be entered for Short term


  11. kanifb Says:
    July 16th, 2010
    Posted at: 9:50 pm

    Kartik. Will Marico reach 130 after it dips to 123/124 levels


  12. LEO Says:
    July 16th, 2010
    Posted at: 9:51 pm

    OK Kartik,


  13. JIGS Says:
    July 16th, 2010
    Posted at: 10:01 pm

    i have icsa and tricon india limited waht is the target


  14. JIGS Says:
    July 16th, 2010
    Posted at: 10:10 pm

    any script which can give 50% return till diwali and what price i should buy


  15. Gitanjali Says:
    July 16th, 2010
    Posted at: 10:23 pm

    HI CB/ Kartik /Kb / Gouri & all..

    Have a nice week end !


  16. Kb Says:
    July 16th, 2010
    Posted at: 10:45 pm

    Hi Gitanjali, Same 2 u dear ... :)

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