Quotes with Resistance & Support
Market Information

Intraday calls for 22-10-13

Posted on: October 22nd, 2013 at 8:37 am

Markets likely to open flat. Resistance for nifty is at 6200 (closing basis) and support at 6120.

Buy Aurobindo Pharma at 217-218, target: 226. Stoploss: 212 – (Can continue to hold Aurobindo pharma. looks good technically)

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224 Responses

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Comment pages: 789101112131415Show all

  1. RC Says:
    October 22nd, 2013
    Posted at: 3:35 pm

    Hi CB, I was just checking the options data of next month, there is significant amount of trading happening in deep out of money PEs. Is this rally overstretched or we can go further after some consolidation ?


  2. CB Says:
    October 22nd, 2013
    Posted at: 3:35 pm

    Hi RC, yes, its possible. nifty is at 3yr highs. likely to see some consolidation


  3. Kart Says:
    October 22nd, 2013
    Posted at: 3:36 pm

    CB, holding Axis bank @ 787, can wait to see 1500 in few months?


  4. nat Says:
    October 22nd, 2013
    Posted at: 3:36 pm

    Hi CB,

    PLeaseshare you view on jet airways hold/sell??


  5. Kart Says:
    October 22nd, 2013
    Posted at: 3:38 pm

    CB, by and large people say that until Diwali the market would be either flat or +ve.. and afterwards correction will happen? is that true to believe?


  6. Kart Says:
    October 22nd, 2013
    Posted at: 3:42 pm

    Thank you CB, and how much you can say about nifty levels coming 2 weeks around 6300?


  7. RC Says:
    October 22nd, 2013
    Posted at: 3:44 pm

    Thanks a lot CB..I think FIIs are taking this market up in this series, they have pumped quite a lot of money in all the segments of the market. God knows when they are planning to book profit in their trades :)


  8. CB Says:
    October 22nd, 2013
    Posted at: 3:45 pm

    Hi Kart, yes. it does look good. hold 50% with trailing sl at 1150. cannot really be sure how markets will shape up till Diwali. technically seems may remain a bit positive. above 6220 can test 6300

    Hi nat, jet is a hold. above 353 can test 370


  9. Prathmesh Says:
    October 22nd, 2013
    Posted at: 3:45 pm

    Sir, any update on Tilaknagar? are they offering stake to some foreign MNC like Radico? any update?


  10. CB Says:
    October 22nd, 2013
    Posted at: 3:45 pm

    Hi RC, :) yes. very true

    Hi Prathmesh, no, not really sure of this news yet.


  11. Prathmesh Says:
    October 22nd, 2013
    Posted at: 3:47 pm

    ok sir..thnx


  12. vishal Says:
    October 22nd, 2013
    Posted at: 3:53 pm

    NIFTY will be extremely volatile tomorrow, it will hit an intraday low of 6120(spot) and maybe bounce back till 6300(spot), so be very careful.


  13. kk Says:
    October 22nd, 2013
    Posted at: 3:54 pm

    Marico hold at 218.5 what is positional sl an tgt


  14. AJ Says:
    October 22nd, 2013
    Posted at: 3:55 pm

    Sir Asian Paint,LT and HUL can be bought at current level or may see some correction later.


  15. RC Says:
    October 22nd, 2013
    Posted at: 3:55 pm

    Thanks CB for your help..


  16. CB Says:
    October 22nd, 2013
    Posted at: 4:23 pm

    Hi Prathmesh, most welcome

    Hi vishal, thanks for sharing your views

    Hi kk, I replied in the queries section

    Hi AJ, can add asian paints in small quantity for now. looks better

    Hi RC, most welcome.

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