Quotes with Resistance & Support
Market Information

Intraday calls for 23-08-11

Posted on: August 23rd, 2011 at 8:28 am

Markets likely to open flat, resistance at 4950, Support at 4830

Sell Tata power on rise around 1115-1120, Target: 1090, SL 1135 (trade in small quantity)

11.14am – Buy Reliance ind at 753, target: 765. Stoploss: 742 (book profit at 764)

12.43pm – buy HDFC at 644.50, target: 655-658. Stoploss: 634. trade in small quantity.

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580 Responses

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  1. GRC Says:
    August 23rd, 2011
    Posted at: 12:56 pm

    what is intraday target of wockpharma


  2. Sunil Rao Says:
    August 23rd, 2011
    Posted at: 12:57 pm

    Hi Abdullah, From the support levels where Nifty was, no negative news is a positive news :)


  3. YOGI Says:
    August 23rd, 2011
    Posted at: 12:58 pm

    Hi Abdullah, exactly, just 2 days....


  4. Abdullah Says:
    August 23rd, 2011
    Posted at: 12:59 pm

    Hi Sunil Rao, Hmm. Yes, the support holds as of now. But I still believe its a dead cat bounce as all negative news has not been factored in. Let it rise. Will short higher :)


  5. Sunil Rao Says:
    August 23rd, 2011
    Posted at: 1:01 pm

    Hi Abdullah, As of now, I'm just following the trend on intraday basis. Safer that way :)


  6. Abdullah Says:
    August 23rd, 2011
    Posted at: 1:01 pm

    Hi YOGI, Yes. Expecting more negative news in the mid term, mainly from international. As India is an open economy, pressure is likely to come. But all said and done, lets see what happens...


  7. raj Says:
    August 23rd, 2011
    Posted at: 1:02 pm

    Any Chances of pull back today in nifty ??? around 4900 levels ?


  8. raj Says:
    August 23rd, 2011
    Posted at: 1:03 pm

    Sunil Bhai,

    4900 ka call liya tha 35 rs pe now 70, pls suggest where to cover...


  9. Abdullah Says:
    August 23rd, 2011
    Posted at: 1:03 pm

    Hi Sunil Rao, Yes sirrr... I'm doing the same too. After all "Trend is your best friend" :)


  10. KAVITA Says:
    August 23rd, 2011
    Posted at: 1:04 pm

    HELLO RAO SIR,
    I hv shorted EDUCOM @224.25.What will be possible target


  11. arun bj Says:
    August 23rd, 2011
    Posted at: 1:06 pm

    hi all target hit my nifty call . In the morg around nifty 4870. . . . Target 4950. . . High . 4949 . . Book profit . . Nifty may rally upto . Next . .Target 5033 . .


  12. SAI Says:
    August 23rd, 2011
    Posted at: 1:06 pm

    HI SUNIL RAO - IS THE GAME OVER OR ANY MORE UPMOVE EXPECTED. HOLDING NIFTY CALL 5000CE


  13. Sunil Rao Says:
    August 23rd, 2011
    Posted at: 1:07 pm

    Hi Abdullah, Booked full on Nifty. As of now am keeping small targets and small sl for intraday. In fact, I had already entered Reliance @ 752.6 and was about to post my call on it ... to buy near 752-753, sl @ 750, target 760, when I saw cb posted a call on it as well.


  14. Abdullah Says:
    August 23rd, 2011
    Posted at: 1:07 pm

    Very short term Nifty chart is Parabolic. Take caution...


  15. Sunil Rao Says:
    August 23rd, 2011
    Posted at: 1:08 pm

    Hi SAI, I booked for now, may hold it with trailing sl below 4934.


  16. Abdullah Says:
    August 23rd, 2011
    Posted at: 1:09 pm

    Hi Sunil Rao, Great Sunil ji. I was in the same boat. Booked Nifty full. Was long in Reliance Fut. Booked that also :)

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