Quotes with Resistance & Support
Market Information

Intraday calls for 17-10-11

Posted on: October 17th, 2011 at 8:23 am

Markets likely to open a bit higher. Resistance for nifty is at 5170 and support at 5070

Buy IDFC above 125, target: 128.50. Stoploss: 123
Buy BEML around 505-510, target: 522. Stoploss: 496

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413 Responses

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  1. CB Says:
    October 17th, 2011
    Posted at: 6:58 pm

    Hi Rise, it can test 30 in coming days.

    Hi DJ, :) strong support near 103-104. should see some bounce from here. lets hope for the best

    Hi vikrant, its a hold with sl at 436 for now. can test 452 if markets improve a bit.


  2. CB Says:
    October 17th, 2011
    Posted at: 6:59 pm

    Hi thavva, yes, fundamentally its a good bet. continue to hold it for now.


  3. DJ Says:
    October 17th, 2011
    Posted at: 7:06 pm

    thx a lot for respinding buddy.can i short idea tmrw?


  4. thavva Says:
    October 17th, 2011
    Posted at: 7:08 pm

    Hi YOGI, GE Welcome back :), not seeing you online now a days? Hope everything is fine at your end.
    Hi CB, Thanks CB, will hold


  5. Ajay Says:
    October 17th, 2011
    Posted at: 7:38 pm

    HI CB,

    your views on Allied digital. Can we enter this stock now? It has announced dividend.


  6. Jagdish Says:
    October 17th, 2011
    Posted at: 8:03 pm

    Hi Cb/Kartik, I bought idfc today @125 for intraday but stock has gone down and i took delivery, can it come up to Rs 128 with in 15 days time.


  7. CB Says:
    October 17th, 2011
    Posted at: 8:23 pm

    Hi DJ, yes. one can short it

    Hi thavva, most welcome

    Hi Ajay, technically its in a downtrend. would advice to wait for some more time to enter it

    Hi Jagdish, yes, hold it. technically does look good.


  8. Srav Says:
    October 17th, 2011
    Posted at: 8:25 pm

    hi CB
    holding 5200ce @ 60.
    Can nifty see 5200 in next 2 or 3 days.

    Thanks.
    -Sravs.


  9. Kb Says:
    October 17th, 2011
    Posted at: 8:28 pm

    Hi Aaradhana, Sorry just saw this post

    "Hi Kb, helo sir..........u r answering some set of ppls only.......why this......CB and Kartik is not here...thats y v r asking...if u r not like to answer other ppl means dont post here... totally irritated..God gives knowledge to help us others....give respect to other ppls also..thank you"

    See .. I'm not stock adviser .. I'm busy in my studies :( .. thats why i donn reply's many ... i can only help, when i gets time ........ Donn mistake things :)


  10. Gitanjali Says:
    October 17th, 2011
    Posted at: 8:31 pm

    Hi CB,US and Europe mkts are down!! Market has been giving chance on either side...it is just that I need to know the entry and exit point....Can't sit and crib I'm in loss..


  11. Kb Says:
    October 17th, 2011
    Posted at: 8:37 pm

    Hi CB, donn send my last mesg in to spam .......


  12. Kb Says:
    October 17th, 2011
    Posted at: 8:47 pm

    Hi CB, i will find out some way to kick that spam filter :PPPP


  13. Kb Says:
    October 17th, 2011
    Posted at: 8:58 pm

    Hi CB, search this word in google ...

    "India's finest Technical charts" or "chart ink" or "chartink charts" :DDDD .. . try


  14. sandeep Says:
    October 17th, 2011
    Posted at: 9:31 pm

    hi CB/Kartik,

    1. US & Euro markets are down more than 1% how will Nifty perform tomorrow...will there be selloff or it will show some resilience as for last 2 days Nifty has not rallied as much as Western markets...
    2. pls give your views on DLF..i am long in it at 239 levels...it showed strength today by holding above 235 most time of the day...can it rally till 250 in this wk...

    thanks in advance


  15. CB Says:
    October 17th, 2011
    Posted at: 10:21 pm

    Hi Srav, as of now seems may open a bit lower tomorrow. strong support near 5070. hold for now with sl near 5070

    Hi Kb, :) ok

    Hi Gitanjali, technically below 5070 could fall further. one can short if trades below 5070 for some time.

    Hi sandeep, as of now seems may open a bit lower. dlf has resistance near 242. above this can see 250 if possible would advice to hedge with a put for now.


  16. Gitanjali Says:
    October 17th, 2011
    Posted at: 10:42 pm

    Hi CB, Thank You.

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