Quotes with Resistance & Support
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Intraday calls for 16-12-11

Posted on: December 16th, 2011 at 8:16 am

Markets likely to open flat, support for Nifty at 4680

Buy Jyothy Laboratories at 158, Target: 163, SL 154

To view technical analysis of DLF, IDFC, JSW Steel & Nifty – Click here.

3.00pm – Nifty has broken strong support at 4680. Avoid fresh longs for now. Technically Nifty can head lower to 4550 in coming days with strong resistance now at 4720

3.11pm – Book profit in JSW short at 504

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511 Responses

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  1. CB Says:
    December 16th, 2011
    Posted at: 3:09 pm

    Hi test, no. avoid them for now.


  2. Lalith Says:
    December 16th, 2011
    Posted at: 3:10 pm

    Main Aaya Nifty gaya :D , new low again ;-) , bola tha 4500 DEC SERIES ITSELF


  3. CB Says:
    December 16th, 2011
    Posted at: 3:11 pm

    Hi Lalith, hmm


  4. rahul Says:
    December 16th, 2011
    Posted at: 3:11 pm

    any slightest possibility of pullback in last 10mts?? whts the problem today when everthing is so good?


  5. Kb Says:
    December 16th, 2011
    Posted at: 3:13 pm

    Hi CB, :P

    Hi Lalith, but not yet 4500.. 100 + to go :DDD


  6. SUTLEJ Says:
    December 16th, 2011
    Posted at: 3:13 pm

    @ LALIT- Thank u very much.....Folow me in FB
    'SATADRU PAL/NIFTY FUTURE
    TRENDS'.


  7. CB Says:
    December 16th, 2011
    Posted at: 3:14 pm

    Hi rahul, seems a bit unlikely.. seems outcme of rbi meet not gone well

    Hi Kb, :)


  8. Lalith Says:
    December 16th, 2011
    Posted at: 3:14 pm

    Hi rahul, It is well planned game, but if you need an excuse

    News out that - Chidambaram may resign


  9. SAI Says:
    December 16th, 2011
    Posted at: 3:15 pm

    Hi CB whr is next support


  10. CB Says:
    December 16th, 2011
    Posted at: 3:16 pm

    Hi SAI, much lower near 4450-4500


  11. RAJ DAMANI Says:
    December 16th, 2011
    Posted at: 3:17 pm

    there is terrorist in our nse bse mkt even in mcx and ncdex mkt also contain thier money


  12. Kb Says:
    December 16th, 2011
    Posted at: 3:17 pm

    Hi SAI, tuff to get there in this swing .. exit


  13. Lalith Says:
    December 16th, 2011
    Posted at: 3:18 pm

    Hi Kb, yes KB, I wanted to celebrate new low of Nifty, probably next week 4500 & below :)


  14. CA.Tejas Says:
    December 16th, 2011
    Posted at: 3:18 pm

    One Query Suppose I ahve bought DLF 190 Put option at strike price of 200 .... then price came down to 190 what will happen??


  15. Akash Says:
    December 16th, 2011
    Posted at: 3:19 pm

    Hi CB, Anything to buy as BTST?


  16. SAI Says:
    December 16th, 2011
    Posted at: 3:20 pm

    Hi Kb u mean to exit long only yes i did. what abt shorts.

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