Quotes with Resistance & Support
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Intraday calls for 21-06-11

Posted on: June 21st, 2011 at 8:29 am

Markets likely to open flat, next support at 5180

Buy Axis bank at 1225, Target: 1245, SL 1205 (trade in small quantity) – Book profit at 1249

1.54 pm – swing call: SELL ONGC at 258(FUT), Target: 250, SL 264

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493 Responses

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  1. ramaswamy Says:
    June 21st, 2011
    Posted at: 2:43 pm

    sir now ongc @255.85 shot sir and holding


  2. Sunil Rao Says:
    June 21st, 2011
    Posted at: 2:43 pm

    Hi Shereef, Thanks.

    Hi Neetu, If Intraday, keep strict SL below 29, else with need to hold for mid-term/long-term.


  3. Sunil Rao Says:
    June 21st, 2011
    Posted at: 2:45 pm

    Hi SAI, If Nifty sustains below 5270, we may see more downside. book profits for now ... can re-enter again if needed.


  4. gayaram Says:
    June 21st, 2011
    Posted at: 2:46 pm

    Hi Abdullah/thavaa, GA.
    Hi Sunil Rao, Hai guys. standup on the bench and chorus Godse's song "Twinkle twinkle....". Hats off to u.


  5. Abdullah Says:
    June 21st, 2011
    Posted at: 2:47 pm

    Hi gayaram, GA :)


  6. Neetu Says:
    June 21st, 2011
    Posted at: 2:47 pm

    Hi Sunil Rao, if i m short term trader then which target follow or which stop loss


  7. Sunil Rao Says:
    June 21st, 2011
    Posted at: 2:48 pm

    Hi gayaram, LOL. Thanks!


  8. richa Says:
    June 21st, 2011
    Posted at: 2:50 pm

    Hi Sunil Rao,
    whats ur view on nifty for this expiry? do u see any bounceback or we going down n down?
    thanks


  9. Ary Says:
    June 21st, 2011
    Posted at: 2:50 pm

    Hi Sunil Rao,

    The PE sell has got executed at 15. I am thankful to you!

    Anything else that I can buy now for a sell tomorrow?


  10. Sunil Rao Says:
    June 21st, 2011
    Posted at: 2:51 pm

    Hi Neetu, For short term, keep SL @ 27 on closing basis. Overall looks weak. If possible exit on rise.


  11. Sunil Rao Says:
    June 21st, 2011
    Posted at: 2:53 pm

    Hi richa, As of now, Nifty looks weak, with upside limited to max about 5375, on downside, can see 5160 or even 4920 levels.

    Hi Ary, Most Welcome. No new call as yet. Will post when I find a trade.


  12. Ary Says:
    June 21st, 2011
    Posted at: 2:56 pm

    I am holding HDFC 640 PE as well which I took a lil while ago at 13. Pls help with that also.


  13. sekhar Says:
    June 21st, 2011
    Posted at: 3:02 pm

    hi "SUNIL RAO", sir can i buy "HINDALCO" 160 pe &180 ce june series now


  14. thavva Says:
    June 21st, 2011
    Posted at: 3:03 pm

    Hi gayaram, GA, true...i chorus. enjoying sunil call. Sunil you rock


  15. Anil Says:
    June 21st, 2011
    Posted at: 3:04 pm

    Shorted Reliance @ 853. Pls advise tgt nd sl.


  16. Sunil Rao Says:
    June 21st, 2011
    Posted at: 3:05 pm

    Hi sekhar, Dont enter a strangle in june series, may enter a strangle for july after it stabilises a bit

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