Quotes with Resistance & Support
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Intraday calls for 17-01-12

Posted on: January 17th, 2012 at 8:28 am

Markets likely to open flat. Support for nifty is at 4780 and resistance at 4900.

Buy Tata Global Beverage at 98.50, target: 102.50. Stoploss: 95 – (exit tata global at 97 in intraday, if one can hold for few days, continue to hold. has strong support at 95 levels, likely to test 105 in near term)

12.25pm – buy Axis bank at 956, target: 970. Stoploss: 943 – (Book profit in Axis bank at 969)

1.41pm – sell Ranbaxy at 462.50, target: 453. Stoploss: 469

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421 Responses

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  1. wajeed Says:
    January 17th, 2012
    Posted at: 9:41 pm

    Hi karthik what you think of opto circuits and sintx ind can i enter in any of them for short term pls suggest thanks.


  2. suman Says:
    January 17th, 2012
    Posted at: 9:42 pm

    hi cb i have 4800ce and 4900ce at 185 and 90 can hold or exit tomorrow and what level can i exit .


  3. Kartik Says:
    January 17th, 2012
    Posted at: 9:51 pm

    Hi manmin, likely to trade flat

    Hi CA.Tejas, resistance at 40, a close above which can take it to 45

    Hi wajeed, Opto can be entered with a SL at 200 for now


  4. Kartik Says:
    January 17th, 2012
    Posted at: 9:51 pm

    Hi suman, book proifit on rise tomorrow


  5. Das Says:
    January 17th, 2012
    Posted at: 9:57 pm

    Which one looks good now? reliance or tatasteel.


  6. suman Says:
    January 17th, 2012
    Posted at: 10:03 pm

    what about reliance i have 740ce at 22 and 760ce at 14 what can i do hold or exit


  7. Aman Says:
    January 17th, 2012
    Posted at: 10:10 pm

    Hi Kartik..
    plz suggest support n resistance for Kennametal..


  8. Kartik Says:
    January 17th, 2012
    Posted at: 10:16 pm

    Hi Akash, hmm, dont enter now, wait for a small dip to come in

    Hi Aman, not sure of this one

    Hi suman, hold it for 2-3 days with a trailng SL at 735 (cash)

    Hi Das, REL if broken, 750, can see some more upside


  9. Akash Says:
    January 17th, 2012
    Posted at: 10:24 pm

    Hi Kartik, I doubt that there is any downside left in the market. I am expecting it to see 5250 in next 3-5 days. What will be the target of 5700 CE 23-Feb (cmp around 2) if Nifty sees 5250+.


  10. DJ Says:
    January 17th, 2012
    Posted at: 10:25 pm

    Hi Cb
    can i short Tata motors tmrw?


  11. Aman Says:
    January 17th, 2012
    Posted at: 10:26 pm

    Its code is 505890..pls try to check..


  12. Kartik Says:
    January 17th, 2012
    Posted at: 10:29 pm

    Hi Aman, stocks with lower volumes, often tend to ignore technical s

    Hi DJ, no, it looks strong

    Hi Akash, tough we may open gap-up tomorrow, some profit booking is likely


  13. Kumar Says:
    January 17th, 2012
    Posted at: 10:32 pm

    Thanks CB, i have exit from HDIL @77.5, and want to enter again what will be SL and Trg.


  14. bull Says:
    January 17th, 2012
    Posted at: 10:51 pm

    hi CB,, sorry but booked huge loss n Essar oil today.. can I short 1 lot tomorrow morning ? i think it is headed to 40 after the news of tax .. please advise


  15. Kartik Says:
    January 17th, 2012
    Posted at: 11:34 pm

    Hi Kumar, resistance at 90, support at 70, wait for now

    Hi bull, go short if it breaks 55


  16. DJ Says:
    January 17th, 2012
    Posted at: 11:39 pm

    Thx Kartik
    After the news on gold import duty,i am worried,as i am long on it?where do u c titan tmrw?

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