Quotes with Resistance & Support
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Intraday calls for 23-04-12

Posted on: April 23rd, 2012 at 8:26 am

Markets likely to open flat. Resistance for nifty is at 5340 and support at 5270

Buy Tata Steel at 468-470, target: 478. Stoploss: 462 – (Book profit in Tata steel at 477.50-478)

1.36pm – Sell Jindal steel (fut) at 493, target: 480. Stoploss: 505 – (Book profit in Jindal steel at 484.50)

1.41pm – Exit HDFC bank at 547

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350 Responses

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Comment pages: 141516171819202122Show all

  1. SM Says:
    April 23rd, 2012
    Posted at: 11:50 pm

    Hi cvrprakash, I really appreciate your commitment, but plz think this. Is there anything known as an oral commitment in share market? NO. Your/our brokers will never consider oral commitment. What he is silently telling you is " What is the guarantee that you will keep your commitment? Better give the margin beforehand and then there will be no hard feelings later on "

    For an understanding of Margins :
    1) Download the pdf file from the link mentioned below and refer to pages 80 to 88.
    http://www.nseindia.com/content/ncfm/DMDM_rev.pdf
    2) Every broker uploads the Margin file for F&O in his website at least once everyday. See that. If you dont manage to get it, contact your Relationship Manager or the Customer Care Executive of your broker and ask him to mail the file to you


  2. Kartik Says:
    April 23rd, 2012
    Posted at: 11:50 pm

    Hi cvrprakash, TCS can add 2-3% tomorrow, may open gap-up, keep a SL at 60 for IVRCL (strong support), there seems some restrictions your broker may hv put up due to low Margin

    Hi Pradeep, no, it looks weak, avoid TCS

    Hi Subin, not sure of its results yet

    Hi RAVI, it faced strong support at 17.5-18 lvls, looks weak for now, can be shorted for some gains

    Hi Gitanjali, GE, avoid adding more yet, wait for Markets to settle

    Hi chowdary, hold them with a SL at 71 and 115 (tata global) , they have been seeing selling pressure with the Markets

    Hi Rise, it may take a wile to recover (around 1-2 years, if possible hold for a target of 110)

    Hi STRANGER, seems may trade flat/weak


  3. Gitanjali Says:
    April 24th, 2012
    Posted at: 12:01 am

    Hi Kartik, Thanks .. All the very best to all here .Tc.. GN


  4. SM Says:
    April 24th, 2012
    Posted at: 12:11 am

    Hi Gitanjali, Yes, it really hurts to see people ending up in losses. I request CB, Kartik to come up with some kind of warning if they feel that violent movement can come up in markets. But, on second thought, its really hard to predict. I feel, traders like us should always trade with levels.
    And thanks for the wonderful link. Really helpful and informative :)


  5. sourabh Says:
    April 24th, 2012
    Posted at: 12:11 am

    bought Kingfisher air line @ 17.65. what to do.....

    Can i buy jain irrigation system for 1 month.....


  6. SAGAR (SB) Says:
    April 24th, 2012
    Posted at: 12:18 am

    Hi Kartik, Tatasteel Fut Long @ 477 ; what to do ? how it wil be tomorrow ? I didnt booked today .. I was away .... aDVICE Me


  7. SM Says:
    April 24th, 2012
    Posted at: 12:22 am

    posting again
    Hi Deepak Bedi, GE. Really, thanks a TON for your advice regarding post operative care and PRAYERS :) Will definitely do as you told. How is your mother? Hope she is doing well.
    Nifty FUT closed below 5200. If it closes below 5200 tomorrow again OR there is a gap down opening tomorrow, Nifty can tank some very good points in the coming days. Lets see what happens tomorrow. All the best :)


  8. airbites Says:
    April 24th, 2012
    Posted at: 12:22 am

    Hi Gitanjali,
    Hi SM,

    Market was not crossing 5340 and europe problems and meetings were clear right frm last thursday.... ... It was obvious market will retract back to 5180 in a day or two which have indeed happen. So yes, every trader should be aware of the scenario and change positions accordingly... Nothing happens all of a sudden.


  9. SM Says:
    April 24th, 2012
    Posted at: 12:30 am

    Hi airbites, GE. Yes how true :)
    Hi Everybody, Got to go. Have a very good night. Catch you all later :)


  10. Deepak Bedi Says:
    April 24th, 2012
    Posted at: 12:38 am

    Hi SM... Mum is doing very well... She can see evrything bright nd vivid again... Yeah lets hope the nifty goes down a lil more... Will finally make some decent profits... Talk tomo... GN... :)


  11. sourabh Says:
    April 24th, 2012
    Posted at: 12:42 am

    best 4 mutual fund for long term


  12. Sohan Says:
    April 24th, 2012
    Posted at: 12:49 am

    Hello CB, Kartik, SM, Kb Trader, Gitanjali,

    Good evening to all and also to others on forum.

    Sohan


  13. Sohan Says:
    April 24th, 2012
    Posted at: 12:56 am

    Hello SM,

    Get well soon wishes to your father and dont worry message to you.

    Cataract is a small operation, but as far as i know better care to be taken after operation.

    Sohan


  14. CB Says:
    April 24th, 2012
    Posted at: 2:11 am

    Hi sourabh, kfa is a hold for short/ med term. likely to see some bounce. don't enter jain irr yet. looks weak. in mutual funds go with hdfc top 200 and sbi contra fmcg
    Hi SAGAR (SB), its a hold for now. can test 480 again in coming days. if markets open weak, hedge with a 450 pe

    Hi SM, Good night

    Hi Sohan, Good evening..


  15. search engine page rank Says:
    May 2nd, 2012
    Posted at: 9:56 am

    Thank you for another excellent post. The place else may anybody get that type of info in such a perfect way of writing? I have a presentation next week, and I'm at the look for such info.

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