Quotes with Resistance & Support
Market Information

Intraday calls for 23-08-13

Posted on: August 23rd, 2013 at 8:23 am

Markets likely to open flat. Resistance for nifty is at 5430.

If markets show recovery later during the day, buy: Biocon – (Book profit in Biocon at 345)

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194 Responses

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  1. Kartik Says:
    August 24th, 2013
    Posted at: 6:54 pm

    Hi care, enter on dips around 62, its likely to settle around 65 for a while before moving futher

    Hi Venky, results look flat when compred to last quarter, though its in loss, it may open lower by 2-3%

    Hi Ghani, its short covering, may give a bounce upto 154 and continue its downtrend, 150 acts as its strong support level


  2. shiva Says:
    August 24th, 2013
    Posted at: 6:59 pm

    hi karik,

    for long term i want to invest in Wockhardt /aurbindo/granuels india and gitanjali gems can u suggest among thest plz.


  3. Kartik Says:
    August 24th, 2013
    Posted at: 7:02 pm

    Hi shiva, granuels india looks good with a SL at 125 for a target of 150 in the Short run, avoid others for now, they look weak


  4. Nostalgia Says:
    August 24th, 2013
    Posted at: 7:14 pm

    Hi care, Nice to see you around after all these ( what should I call it? Days? Months... ) Good old ppl & good ol' days will come back again ONEDAY in NG
    Hi Kartik, CB, GA. What abt BOB. Do u see ny upside till 500 soon? Or do you feel 440 will be broken before reaching 500?


  5. Nostalgia Says:
    August 24th, 2013
    Posted at: 7:22 pm

    SPAM? Ha Ha Ha


  6. Kartik Says:
    August 24th, 2013
    Posted at: 7:32 pm

    Hi Nostalgia, :). banking stocks looks weak overall, if its next strong support at 450, if broken, it can see lower levels of 380


  7. Nostalgia Says:
    August 24th, 2013
    Posted at: 7:35 pm

    Hi Kartik, Thanks bro. Much appreciated :)


  8. Kartik Says:
    August 24th, 2013
    Posted at: 7:43 pm

    Hi Nostalgia, most welcome


  9. ng Says:
    August 24th, 2013
    Posted at: 8:30 pm

    hi,cb how will nifty open on monday?


  10. Kartik Says:
    August 24th, 2013
    Posted at: 9:40 pm

    Hi ng, seems may open flat, may take a pause around 5500 lvls for a while


  11. Nostalgia Says:
    August 24th, 2013
    Posted at: 10:30 pm

    Hi Kartik/CB, You guys have a great weekend and may God bless you :)
    Hi care, You also have a great weekend and enjoy this : https://www.youtube.com/watch?v=75x6mMwzjk8
    Hoping to see people like you (I mean you and some others who have been missing from NG ) more often in NSEGUIDE.
    Hi CB/Kartik, This post contains a link. Would be happy if you people kindly allow this post :)


  12. Ghani Says:
    August 24th, 2013
    Posted at: 10:51 pm

    Dear sir,how to check whether cost of carry in futures has increased or not,because previous close of cost of cary is not shown in nse website..how to check it..?

    how do you analyse cost of cary to predict movement..il be happy if u explain...

    Nse website shows buy cost of cary,sell cost of cary,last price cost of cary...which one to consider??
    please help kartik sir


  13. pankaj Says:
    August 24th, 2013
    Posted at: 11:15 pm

    hi cb sir& kartik sir
    can banknifty & nifty make new low in this future for this future?


  14. Sohan Says:
    August 24th, 2013
    Posted at: 11:29 pm

    Hello CB / Kartik,

    Can I add SAIL at CMP for long term.

    Sohan


  15. Jackie Says:
    August 25th, 2013
    Posted at: 12:15 am

    Respected Sirs ,

    I am learning the stock market and trying to learnt he technicals . (learnt RSI , Moving averages , MCAD as of now ) and was wondering what about the action price method ?
    Is it really better than these indicators ?
    Plz share your views on this .
    Looking to be a swing trader .


    Awaiting your most valuable reply(s) ,

    Jackie


  16. Kartik Says:
    August 25th, 2013
    Posted at: 12:19 am

    Hi Nostalgia, thanks, same to you, sure

    Hi Ghani, I am really not sure of it, I guess it would be better if you contacted your broker regarding the same

    Hi pankaj, they may see some consolidation at current levels before going either ways

    Hi Sohan, can be entered wit ha tight Sl at 45 (cash)

    Hi Jackie, tere are many technical Indicators, I personally use RSI along with the major support and resistance of the stock, it mainly depends on how you trade, I recommend you track RSI and MACD for a couple of days, so that you could get a Idea of how stocks actually react to them

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