Intraday calls for 20-07-10
Markets likely to open slightly higher. Resistance for nifty is at 5420 and support at 5360.
Buy Dena bank at 100.75, target: 104. Stoploss: 97
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Kartik Says:
July 20th, 2010
Posted at: 10:40 pm
Hi AJ, Markets might trade weak tomorrow, you may buy some of Videocon Industries above 218
Hi kanifb, yes, it seems to face some consolidation at current levels, but is likely to do well in the Mid run
Hi sriram, it can see 94 in 1-2 months time, its more of slow mover
Hi Ravindra, no news today on it, seems some fresh buying interest
Hi Gitanjali, yes, seems so, since we didn't mange to close above 5400 for the past 1 week, once we break 5350, we may see lower levels
Hi viji, our Markets is are not decoupled, it relies on other economies and Markets
Kartik Says:
July 20th, 2010
Posted at: 10:41 pm
Hi pankaj, dont enter it yet, wait for some time
Gitanjali Says:
July 20th, 2010
Posted at: 10:47 pm
Hi Kartik, Thanks.
hitesh Says:
July 20th, 2010
Posted at: 10:47 pm
hi kartik how tatasteel is looking
Kartik Says:
July 20th, 2010
Posted at: 10:53 pm
Hi Gitanjali, most welcome
Hi hitesh, Tata steel faces strong support at 500, below which it could see 480 levels
Tarun Says:
July 20th, 2010
Posted at: 10:54 pm
Ji,
I bought Andhrabank at 118. Touched 130 and went back to 100. (I did not average it :( ). Got dividend of Rs 5/share. But the problem is whatever stocks (Banco, Andhrabank, TNPL, Vijaya Bank) have given good returns are in small quantities, but Loss are in big volumes. :(
Now it is in 52 week high. (Triple bottom ?) What is the resistance ?
And your view about BARTRONICS.
Thanks. Good Night. I am seeing your posts at 3 AM. What time you go for sleep ?
Take Care.
kanifb Says:
July 20th, 2010
Posted at: 10:55 pm
Hi KArtik. Will Marico touch 128 till Thursday ? Also US has opened weak today
Tarun Says:
July 20th, 2010
Posted at: 10:57 pm
I have exited Tata Motors and Tata Steel yesterday. Please advice at what price we can re-snter.
Thanks.
Kartik Says:
July 20th, 2010
Posted at: 11:00 pm
Hi Tarun, it faced a triple top at 142-144, and looks strong as of now, try entering stocks dividing your money in 2-3 stocks and buy in small quantities, BARTRONICS faces some resistance at 162, above which it can see 180 in Short term
Hi kanifb, yes, hold it
Kartik Says:
July 20th, 2010
Posted at: 11:01 pm
Hi Tarun, Markets for the past 1 week is struggling to close above 5400, and it seems that some profit booking is coming in, we are likely to see some downside in the coming days, wait for 2-3 days time
kanifb Says:
July 20th, 2010
Posted at: 11:03 pm
Dear Kartik. Cannot hold Marico after Thursday. Looks like i have to bear some loss
Tarun Says:
July 20th, 2010
Posted at: 11:05 pm
Thanks Kartik,
When will be the Earning Season (festival) over ?
waiting for your advice to re-enter good stocks.
Good Night.
Ravi Says:
July 20th, 2010
Posted at: 11:21 pm
yesterday i have taken gati ltd at 74, today it came down to 73, what is the target for tommorow, i can hold only for 5 days
Trader Says:
July 20th, 2010
Posted at: 11:27 pm
hi kartik,
dow recovered frm losses and now its positive
i didnt cover shorts @ 5390, can we come down to 5320 in 2-3 days
thanks
suzane Says:
July 20th, 2010
Posted at: 11:27 pm
Hi Kartik, as heard Parabolic drugs had posted a good Q1 results .. Can we see some upmove in it tommorow ?? As the end of session it made a high of 60.8 as results declared and made a low of 59.2 in last minutes, thus in post session it was closed at 60.2 .. so what can be its target tommoroow looking both technically and fundamentally..
viji Says:
July 20th, 2010
Posted at: 11:30 pm
Thanks & good night karthik.