Quotes with Resistance & Support
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Intraday calls for 20-09-12

Posted on: September 20th, 2012 at 8:16 am

Markets likely to open flat, support for Nifty at 5580, resistance at 5630

Buy Tech Mahindra around 900, Target: 920, SL 888
(trade in small quantity)

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585 Responses

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  1. Akash Says:
    September 20th, 2012
    Posted at: 8:20 am

    Hi CB/ Kartik/ SR, can we expect gap down opening of around 60-70 points today? Also, shud I hold 5500 PE for target 70-80 in 1-2 days before Nifty moves up again for target 5900-6000+ in 1-2 months?


  2. vishnu Says:
    September 20th, 2012
    Posted at: 8:22 am

    Hi CB,

    What about Pantaloon Retail today.The govt message is they are not going to rollback the FDI& firm on it not to roll back, and they got the numbers they needed.Can we expect 190 by Sep 27,because i am holding 200 CE Sep series.Please advice


  3. avik Says:
    September 20th, 2012
    Posted at: 8:26 am

    hello every one, good morning...:)


  4. Kartik Says:
    September 20th, 2012
    Posted at: 8:27 am

    Hi Akash, not likely, SGX seems to be trading flat
    Hi vishnu, hold it with a SL at 175, its likely to see some consolidation around 175-180 levels for 1-2 days before moving higher

    Hi avik, GM


  5. Akash Says:
    September 20th, 2012
    Posted at: 8:30 am

    Hi Kartik, Ohh.. Then shud i exit and buy either 5800 CE for Sep or better to buy SBI CE for 5-6 times return?


  6. SaiPalanivel Says:
    September 20th, 2012
    Posted at: 8:31 am

    HI avik,GM.YOUR GUESS IS FALLS NIFTY OPEN FLAT BUY/SELL AFTER SEE MARKET REACT ACTUALLY ABOVE 5550 BUYING INTEREST ON MARKET. MY VIEW.


  7. Sandip Says:
    September 20th, 2012
    Posted at: 8:32 am

    Hi Kartik,


    Good morning..


  8. Kartik Says:
    September 20th, 2012
    Posted at: 8:32 am

    Hi Akash, wait for a breakout either ways (mentioned support and resistance lvls)


  9. Kartik Says:
    September 20th, 2012
    Posted at: 8:32 am

    Hi Sandip, GM


  10. SS Says:
    September 20th, 2012
    Posted at: 8:33 am

    Support and reversal at 5586-5562 level.(Break will take to 5535-5502-5481 )

    Hi Kartik, Good Morning

    Do you see correction in SBI/BoB ? Tgt ?

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