Quotes with Resistance & Support
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Intraday calls for 17-10-16

Posted on: October 17th, 2016 at 8:33 am

Markets likely to open slightly lower. Support for Nifty is at 8550 (closing basis) and resistance at 8630. Bank Nifty has support at 18800.

No pre-market call for today.

1.39pm – Buy Tata Steel at 414.80, target: 422. Stoploss: 410 – (If possible hold tata steel for BTST)

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153 Responses

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  1. Dish Says:
    October 17th, 2016
    Posted at: 10:18 am

    Holding DLF 160CE in big loss. can i wait on this?


  2. CB Says:
    October 17th, 2016
    Posted at: 10:19 am

    Hi Karan Sharma, ok. lets hold for now. markets may remain a bit flat/ weak today. icici is a hold with sl at 257

    Hi dak, best to wait for now. dont add more yet

    Hi Aniket Biswas, not really sure about it yet

    Hi digvijay, Good morning. can test 48.8-49

    Hi Ranga, Good morning. its a hold for now. sl at 1738. can test 1758

    Hi YD, icici above 257 can test 270. around 220. tourism finance around 69


  3. vikas kumar Says:
    October 17th, 2016
    Posted at: 10:19 am

    how nifty will perform in october series ?


  4. YD Says:
    October 17th, 2016
    Posted at: 10:20 am

    Thanks, CB


  5. Aniket Biswas Says:
    October 17th, 2016
    Posted at: 10:20 am

    Ok cb, I bot Tata steel @415.1 target plz


  6. CB Says:
    October 17th, 2016
    Posted at: 10:21 am

    Hi vikas kumar, its going a bit weak. has resistance at 535. nifty has strong support at 8550. below this could fall further

    Hi Dish, its a hold for now. sl near 147. can test 155 again if markets improve a bit

    Hi Mahendra, its going a bit weak. seems may take a while to recover. exit 50% for now. shall add again on dips


  7. Ranga Says:
    October 17th, 2016
    Posted at: 10:21 am

    ok thanks guru


  8. PAM Says:
    October 17th, 2016
    Posted at: 10:21 am

    Hi Sir,

    I have 9000 (3 lot 27 Oct 2016 Future ) of Apollo tyre buy @ 221.60 & now it is 212.90 what is your view about it ? Can hold or exit ? Pls advice.


  9. CB Says:
    October 17th, 2016
    Posted at: 10:21 am

    Hi YD, most welcome

    Hi Aniket Biswas, can test 418


  10. CB Says:
    October 17th, 2016
    Posted at: 10:22 am

    Hi PAM, I did reply above. ok. it has strong support at 210 levels. if possible hedge with couple of 210pe's for now.

    Hi Ranga, most welcome.


  11. CA.Tejas Says:
    October 17th, 2016
    Posted at: 10:22 am

    Hi CB, Kushal Tradelink I mean technically n fundamentally...

    since last few days in up trends.. whats d tgt can be expected...


  12. digvijay Says:
    October 17th, 2016
    Posted at: 10:23 am

    Sir, I bought Sail in margin @49.50 n can hold till Thursday. will it give any profit or exit with minimum loss


  13. dak Says:
    October 17th, 2016
    Posted at: 10:23 am

    Thanks CB.
    Gail has been in uptrend. How is it likely to do today if markets are flat / negative ?
    Can we expect profit booking ?


  14. abhi Says:
    October 17th, 2016
    Posted at: 10:24 am

    Good Morning sir..

    Reliance and Axis Bnak Shorterm Target Pl. sri


  15. PAM Says:
    October 17th, 2016
    Posted at: 10:27 am

    ok thanks sir.


  16. Aniket Biswas Says:
    October 17th, 2016
    Posted at: 10:27 am

    Hi cb, can I buy niittech @cmp, target plz

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