Quotes with Resistance & Support
Market Information

Intraday calls for 21-12-10

Posted on: December 21st, 2010 at 8:30 am

Markets likely to open higher, Resistance for Nifty is at 5960-5970

Buy Sun-Tv above 545, Target: 555-560, SL 538 – (sl triggered)

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626 Responses

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  1. CB Says:
    December 22nd, 2010
    Posted at: 12:32 am

    Hi Abdul Wajeed, no, they are looking a bit weak. for now don't enter these yet.


  2. SubhagGhosh Says:
    December 22nd, 2010
    Posted at: 12:41 am

    Nifty (6001) ‘the market is now typically sideways’ and the market has traded sideways with a positive bias.Technically the positive bias continues and the market also is in a sideways mode.

    The crucial support on the downside for the Nifty is 5950 and resistance at 6050-6125

    50 % retracement of the fall from 6338 to 5960 i.e 6014 is first target, 2nd target is 6090.

    6000 call has got Max OI at 77 L saws call writers covering the calls, which opens upside move of the market beyond 6000.Only 6100 call saw long build up with addition of 13 L contacts.Which suggest next market target is 61.8 % retracement i.e 6090.

    5800 put has got Max OI 86 L, interestingly hude put writing was seen at 6100 put, which clearly incdicates the market is moving UP.

    The chart shows clear breakout of the channel, i.e trendline joining 6388 and 6069.

    The amount of time nifty has spend today in 5980-6000 zone, shows it will act as strong support in comming days.

    Nifty Range: 5900-6100, support 5950, resistence 6050/ 6090.

    Trading stratergy.

    1. Buy 1 6000 call and sell 2 6100 call, total cost 17 Rs, max 100 Rs. profit if Nifty expires at 6100, max loss 17 Rs. If nifty expires below 6000.
    Book profit when nifty comes in 6070 and 6090 zone.

    Tips. Avoid shorting in Nifty, as shorts are badely trapped, and any dip will bring short covering, better to buy in dips, as upside momentum is peaking UP.

    Thanks and Regards,
    Subhag Ghosh


  3. Trade4444 Says:
    December 22nd, 2010
    Posted at: 7:45 am

    Dear Karthik,

    Please suggest a high return Mutual Fund scheme from SBI.


  4. veeruveera Says:
    December 22nd, 2010
    Posted at: 11:49 am

    may i now educomp position today


  5. Kartik Says:
    December 22nd, 2010
    Posted at: 11:49 am

    Hi veeruveera, seems may remain a bit flat today.


  6. veeruveera Says:
    December 22nd, 2010
    Posted at: 11:53 am

    Hi CB, i am new for NSEguide

    May i now about educomp position today


  7. Kartik Says:
    December 22nd, 2010
    Posted at: 11:54 am

    Hi veeruveera, its facing resistance at 525 levels. seems may remain a bit flat today.


  8. veeruveera Says:
    December 22nd, 2010
    Posted at: 11:54 am

    Thanks karthik
    Hi Kartik, Hi veeruveera,


  9. Kartik Says:
    December 22nd, 2010
    Posted at: 11:55 am

    Hi veeruveera, most welcome.


  10. veeruveera Says:
    December 23rd, 2010
    Posted at: 9:35 am

    hi friend...Good Morning

    may i now about ZEE Learn position ..Becoz I BD 50 shares @ 15.70 now It's market price 22.80....i should sell or hold


  11. Kartik Says:
    December 23rd, 2010
    Posted at: 9:36 am

    Hi veeruveera, hold it with a trailing SL at 20 for some more time


  12. veeruveera Says:
    December 23rd, 2010
    Posted at: 9:43 am

    ok thx ..may i now about CONFIDENCE PETROLEUM INDIA LTD. just now BD 100 shares @ 18.95.


  13. veeruveera Says:
    December 23rd, 2010
    Posted at: 1:32 pm

    sharekhan call for intraday is educomp


  14. veeruveera Says:
    December 30th, 2010
    Posted at: 11:56 am

    today i BD PSB @ 130.50 ...20 shares .... i should hold or sell now...


  15. Kartik Says:
    December 30th, 2010
    Posted at: 11:57 am

    Hi veeruveera, hold it for short term. can see 24. psb is a hold for short term

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