Quotes with Resistance & Support
Market Information

Intraday calls for 17-10-12

Posted on: October 17th, 2012 at 8:19 am

Markets likely to open higher, support for Nifty at 5630 and resistance at 5750.

Buy Autoline Industries around 198, Target: 206, SL 192
(trade in small quantity)

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649 Responses

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  1. Aabha Says:
    October 17th, 2012
    Posted at: 12:37 pm

    Hi SM, one more small gain, bought 5700 ce at 29 and sold at 33.5...:-)


  2. SM Says:
    October 17th, 2012
    Posted at: 12:41 pm

    Hi Aabha, Like I said before, OI in options are very difficult to predict. Can have a look at my previous posts to SAI today. 5650 FUT level is proving to be a good level. After my initial post about that level Nifty Fut came down to 5654 and now trading at 5667-5668. Res at 5685. May roam within this range for sometime. After that we can possibly get a direction


  3. SM Says:
    October 17th, 2012
    Posted at: 12:43 pm

    Hi Aabha, Great going. BTW, all the levels are for Nifty Fut


  4. SR Says:
    October 17th, 2012
    Posted at: 12:48 pm

    Good Afternoon All ...


  5. Karan Sharma Says:
    October 17th, 2012
    Posted at: 12:50 pm

    Hi SR,

    Sold IDEA (1 lot) @ 80.50/-

    Sold PTC INDIA (1 lot) @ 68.50/-

    Plz tell wht to do?


  6. SM Says:
    October 17th, 2012
    Posted at: 12:50 pm

    Hi SR, GA Sunilji. Come down to Kolkata during the Pujas :)


  7. Aabha Says:
    October 17th, 2012
    Posted at: 12:50 pm

    Hi SM, yes sir...thank you for that valueable guidance. Will keep the levels in mind...Currenty enjoying the swing tremendously...


  8. SR Says:
    October 17th, 2012
    Posted at: 12:50 pm

    Technically, Nifty looks weak below 5656 ... Can see lower levels of 5600-10, if Nifty sustains below 5656 for some more time.


  9. SM Says:
    October 17th, 2012
    Posted at: 12:51 pm

    Hi Aabha, you are most welcome :)


  10. SR Says:
    October 17th, 2012
    Posted at: 12:51 pm

    Hi SM, GA, Excellent Idea. I'll sure give it a try.


  11. rishu Says:
    October 17th, 2012
    Posted at: 12:52 pm

    thanks SR
    Can you suggest some stock planning to add 10000 more to my capital for 3 to 4 month


  12. SR Says:
    October 17th, 2012
    Posted at: 12:54 pm

    Hi Karan Sharma, Sorry, Data stream failed on google server.


  13. SM Says:
    October 17th, 2012
    Posted at: 12:54 pm

    Hi SR, I believe one of your relative stays at Genexx Valley. I also stay nearby. We can have a good long walk with Little Johnny :)


  14. SR Says:
    October 17th, 2012
    Posted at: 12:55 pm

    Hi rishu, Add as much capital as you want after Nifty breaks 5785 on Weekly closing And invest in good Large Caps. LNT is a great bet.


  15. Aabha Says:
    October 17th, 2012
    Posted at: 12:57 pm

    Hi SR, GA Sir! Nifty behaving like a rabbit...jumping up n down...but just at one place. Not moving laterally at all...But i am happy, changed my trading style. gaining on swing now!


  16. SR Says:
    October 17th, 2012
    Posted at: 12:57 pm

    Hi SM, Sorry, No relative in Kolkata. But, I have a childhood friend who stays at Howrah.

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