Quotes with Resistance & Support
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Intraday calls for 20-04-10

Posted on: April 20th, 2010 at 8:23 am

Markets likely to see a flat opening. Support for nifty is at 5150 and resistance at 5260

If markets show recovery later during the day, buy: Time Technoplast & DIC India – (DIC India – book profits at 259)

1.49pm – to hedge longs buy a 5200 put at cmp 50.75 with sl at 5260

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639 Responses

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  1. RSKM Says:
    April 20th, 2010
    Posted at: 10:57 pm

    Hi Kartik/CB, What is happening to PUNJLLOYD? Not seeing 200/= ! I have a lot
    @ 188/=. Your comments pls..


  2. Salma Says:
    April 20th, 2010
    Posted at: 10:58 pm

    Sir plz help me out i bought sesa goa 460 call at 12.50 and its close at 9 rs,,wt to do though result comes extremly good why tody it comes down,,plz sugest me


  3. rkg Says:
    April 20th, 2010
    Posted at: 11:07 pm

    Dear Karthik,

    Can we sell a covered call in India? I have an ICICIDirect account.
    i.e. I buy say 1 lot of GVK @ 45 and then sell a call option of Rs.50.
    So that instead of the margin money getting blocked, i have my 1 lot of GVK.


  4. suzane Says:
    April 20th, 2010
    Posted at: 11:34 pm

    Hi Kartik, do u think IRB can give a rally of 15-20 rupees tommorow as it did today ??
    What was the reason behind its movement .. It was technically or any fundamentals ?? Do u think tommorow it will be able to cross 295-300
    What target u prefer looking at US market and assuming asian market to be flat ??


  5. Kartik Says:
    April 21st, 2010
    Posted at: 12:18 am

    Hi swapnil, No, not yet. if breaks 5150, then some selling pressure can come in

    Hi arun bj, book around 230 for now

    Hi ac, it has some support at 760, below this can see 720. for now hold it. is facing strong selling pressure above 800-810

    Hi LEO, you can check that on moneycontrol

    Hi Shads, its in a long term uptrend as of now. hold it for 2-3 days. hold fcs for long term. reliance is a buy on dips around 1040. sesa goa looks a bit weak

    Hi RSKM, ok. hold it for short term. is finding some support near 165. can see some bounce soon

    Hi Salma, its facing some selling pressure on rise as of now ,would advice to exit from the call on rise tomorrow.

    Hi rkg, yes, we can do that.. not really sure if icici will do the correct calculations for it..

    Hi suzane, its a very volatile stock. does not usually move with the markets. keep it for 1-2 days. will bounce back.


  6. Kartik Says:
    April 21st, 2010
    Posted at: 12:24 am

    Hi Shads, yes, irb infra.


  7. Shads Says:
    April 21st, 2010
    Posted at: 12:26 am

    Hi Kartik and Suzane,

    most shares from the Infra pack rallied today after the CRR announcement, hence IRB's movement. isnt it Kartik?


  8. Kartik Says:
    April 21st, 2010
    Posted at: 12:28 am

    Hi Shads, yes, rate hike affected real estate and banking space.


  9. Shads Says:
    April 21st, 2010
    Posted at: 12:29 am

    Hi Kartik,

    My friend wants to open an account for share trading. Which broking house would you suggest, keeping in mind their brokerage and other charges, also their reliability factor...


  10. Shads Says:
    April 21st, 2010
    Posted at: 12:32 am

    Hi Kartik,

    What can I buy for tomorrow's intraday?


  11. Kartik Says:
    April 21st, 2010
    Posted at: 12:34 am

    Hi Shads, go with ventura. its a good one.. irb can be bought in small quantity tomorrow.


  12. Shads Says:
    April 21st, 2010
    Posted at: 12:37 am

    Hi Kartik,

    What do you think of bank of rajasthan for tomorrow's intra day... whats is the target for tomorrow?


  13. Kartik Says:
    April 21st, 2010
    Posted at: 12:38 am

    Hi Shads, no, not sure about it.


  14. Kartik Says:
    April 21st, 2010
    Posted at: 2:02 am

    Hi Kb, will be back in a day or 2.


  15. Kb Says:
    April 21st, 2010
    Posted at: 2:15 am

    Hi Kartik,

    karthik, is there is any way to join shaolin temple?? to learn kung fu??


  16. Kb Says:
    April 21st, 2010
    Posted at: 2:19 am

    Hi Kartik,

    ok dear.. good night.. Cu 2 marrow .

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