Quotes with Resistance & Support
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Intraday calls for 21-07-10

Posted on: July 21st, 2010 at 8:21 am

Markets likely to open slightly higher. Resistance for nifty is at 5420 and support at 5350.

Buy Gati at 73.05, target: 77. Stoploss: 70.30

Hold Gati for 2-3 days time, it looks strong above its resistance of 71

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606 Responses

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  1. usha Says:
    July 21st, 2010
    Posted at: 3:58 pm

    I have a short at jswsteel...can i reduce some loss before the expiry...i did it at 1100


  2. Meena Says:
    July 21st, 2010
    Posted at: 4:00 pm

    Hi Mr Sunil Rao,

    Gud Evening

    TVS Motor hv declared 1:1bonus. Can I enter it now or wait for some dip.
    What do u suggest? Dena bank is no moving at all. Any news?


  3. SunilRao Says:
    July 21st, 2010
    Posted at: 4:10 pm

    Hi usha, jswsteel currently is looking strong but has strong resistance at 1180-1205 levels, may see some profit booking coming in.


  4. Gitanjali Says:
    July 21st, 2010
    Posted at: 4:45 pm

    Hi SunilRao, May i kindly know , how HCC is looking plz? I hold a short position , in futures at 126...
    How may it end up in this series .. wd it be possible to know please?


  5. GSR Says:
    July 21st, 2010
    Posted at: 4:59 pm

    Hi Kartik,

    I am already shoted mini nifty july series at 5390 on friday exit / hold till expiry


  6. Kartik Says:
    July 21st, 2010
    Posted at: 5:02 pm

    Hi Abs, ok. hold it for now.

    Hi Trader, yes. keep sl near 255

    Hi k.elanggovan, likely to be flat.

    Hi Deepak, yes, give it some time. markets have rallied quite a bit. correction is likely soon

    Hi vishnu, around 73-74

    Hi suzane, can see 75-76 in 1-2 days. hold it. dabur can see 210

    Hi ganesh, can see 460 in coming days.


  7. Kartik Says:
    July 21st, 2010
    Posted at: 5:03 pm

    Hi GSR, yes, continue to hold it. strong resistance at 5400-5420


  8. LP Says:
    July 21st, 2010
    Posted at: 5:07 pm

    hi Kartik

    which is better to enter tomorrow morning.....gati or jindalsteel for 1-2 days

    and whats ur view on motilal oswal's MF


  9. Gitanjali Says:
    July 21st, 2010
    Posted at: 5:10 pm

    Hi Kartik, I had posted a query earlier to Sunil Rao.. However from the replies to many ,I understand a fall is inevitable ..
    And I shall wait
    But regarding jindal..am I to understand that this swing call is just for 15 days ? ..for I would like to enter below 628.. if i get a chance .. will the swing hold good even then plz?


  10. Jagdish Says:
    July 21st, 2010
    Posted at: 5:13 pm

    Hi Kartik,
    Pl suggest 2-3 stocks which are at low levels and chances for upward move.


  11. ram Says:
    July 21st, 2010
    Posted at: 5:15 pm

    why sel mcl is not moving up ? i bought @ 85 ,how long should i wait for my money ?????


  12. Smasher Says:
    July 21st, 2010
    Posted at: 5:23 pm

    Hello Karthik,

    Im new to trading , to start with Im planning to invest in small amounts till I get comfortable.
    Which one should I go for ( today I browsed some J K Papers ,, but getting dilemma
    after seeing 1 by 1 ) ? and how to select the stocks ? Does it have any parameter to be monitor , and we can invest accordingly?
    Please advise. Thanks in advance !!!!


  13. Smasher Says:
    July 21st, 2010
    Posted at: 5:24 pm

    Hello CB,
    Im new to trading , to start with Im planning to invest in small amounts till I get comfortable.
    Which one should I go for ( today I browsed some J K Papers ,, but getting dilemma
    after seeing 1 by 1 ) ? and how to select the stocks ? Does it have any parameter to be monitor , and we can invest accordingly?
    Please advise. Thanks in advance !!!!


  14. Kartik Says:
    July 21st, 2010
    Posted at: 5:36 pm

    Hi LP, go with jindal. not sure of motilal's mf

    Hi Gitanjali, yes, it can see 134.50 once..

    Hi Jagdish, go with sesa goa for now

    Hi ram, hold it for 2-3 months.

    Hi Smasher, you will need to learn technical analysis for it. ill email you


  15. aMAR Says:
    July 21st, 2010
    Posted at: 5:40 pm

    Hi Kartik,

    I shorted 50 Bharti @298 in cash on last Friday on NSE and could not cover before close. My broker then advised that this would be settled on T3 day i.e. today. the price of Bharti was below of my shorted price. What profit/loss/penalty I can expect?


  16. Gitanjali Says:
    July 21st, 2010
    Posted at: 5:40 pm

    Hi Kartik, OK ..Thanks ever so much.

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