Intraday calls for 22-11-10
Markets likely to open gap up. Support for nifty is at 5850 and resistance at 5970.
On rise one can short Tata steel near 615-620 levels with stoploss at 630.
Avoid fresh longs for now. Nifty looks weak below important support of 6000-6030. Please refer to the below nifty chart. (click on image to enlarge)
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Jagdish Says:
November 22nd, 2010
Posted at: 9:45 pm
Hi CB/Kartik, sir first of all pl tell me ,do you feel bad when we ask daily about the same stock . my repeated question is can alok ind go up to 32 levels tomorrow.
Kartik Says:
November 22nd, 2010
Posted at: 9:54 pm
Hi Curious, it can see around 338 in 2-3 days time if Markets manage to trade strong
Hi malick, hold it for Short/Mid term, it can see 310+ levels
Hi Jagdish, :), no issues, it can see 31.50 tomorrow
RSKM Says:
November 22nd, 2010
Posted at: 9:58 pm
Hi Kartik, I am holding 1200 shares of SEL @ 66/= What is its status for next 3 mons.
Pls advice how to go about..Tks
Jagdish Says:
November 22nd, 2010
Posted at: 10:06 pm
Kartik sir, Thanks, good night.
Naveen Says:
November 22nd, 2010
Posted at: 10:07 pm
Hi Kartik,
There was clear breakout for skumars above 90 levels.
Can i take position on the stock for a med term target of 120?
What about nifty, is the correction over? or a temporary bounce from over sold levels
Trade4444 Says:
November 22nd, 2010
Posted at: 10:28 pm
Dear Kartik,
US market is red. Is nifty expected to go down tomorrow ?
Kartik Says:
November 22nd, 2010
Posted at: 10:34 pm
Hi RSKM, it has been seeing some promoter selling lately, would be better to exit 50% at CMP and keep the rest for Long term
Hi Naveen, if it manages to sustain above 92 for another 2-3 days, you may enter it
Hi Trade4444, likely to trade flat tomorrow
Hi Jagdish, most welcome, Good night
Kartik Says:
November 22nd, 2010
Posted at: 10:35 pm
Hi pankaj, exit from SEL at CMP, keep the rest for Long term, they can do well
rahul Says:
November 22nd, 2010
Posted at: 10:45 pm
hi karthik ..
wats ur view about edserv? near term target for it?
Trade4444 Says:
November 22nd, 2010
Posted at: 10:56 pm
Dear Kartik,
If the India VIX increases, is it a sign that the markets would RISE ?
conversely,
if the VIX goes down, market FALLS ?
Kartik Says:
November 22nd, 2010
Posted at: 10:57 pm
Hi pankaj, Zicom has been recently acquired by Shynider Electric, Mavens to has recently formed a J.V with Bangalore based Garuda Group, SEL has been seeing some promoter selling, not sure why yet
Hi rahul, looks good for Short term, can see 240
pankaj Says:
November 22nd, 2010
Posted at: 11:14 pm
thx Kartik
Gitanjali Says:
November 22nd, 2010
Posted at: 11:18 pm
Hi Kartik, may I kindly hve the support and resistance for suzlon tomorrow pl?
how is nifty looking pl?. if it is likely to close at 5700 , on expiry day .. shall I exit from this series , [with profits] or shall I roll it over to dec ..? Is next month going to be just as bearish?
harsh Says:
November 22nd, 2010
Posted at: 11:27 pm
kartik, hi
i've bought 1 lot TCS today @ 1040
should i exit from it @ 1040 when mkt opens,
or will i have an upper target?
Tejas Says:
November 23rd, 2010
Posted at: 12:24 am
Hi Kartik, Sir can i buy Kalpatru papers at 17.75 for intraday with the target 18-18.20?
Kartik Says:
November 23rd, 2010
Posted at: 1:00 am
Hi pankaj, most welcome
Hi Gitanjali, has support near 51. resistance is at 54
Hi harsh, hold it. can see 1060
Hi Tejas, no, not sure about this one.