Quotes with Resistance & Support
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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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Comment pages: 5678910111213Show all

  1. avis Says:
    August 25th, 2013
    Posted at: 4:33 pm

    hi karthik/cb
    infosys losses another senior executive
    and son of narayana murthy appointed as vp
    is it have any negative impact on stock
    can we see infosys below 2950 on monday


  2. Kartik Says:
    August 25th, 2013
    Posted at: 4:53 pm

    Hi Thomas, it seems to be in a downtrend for now, avoid it

    Hi jaikumar, Unipohs can be shorted if it breaks 140 (strong support), avoid PCJ for now

    Hi Jackie, its likely to trade strong until rupee does so, avoid going short on it yet, wait for some more time

    Hi avis, its not likely to have a mojor impact, may open around 2980


  3. Jackie Says:
    August 25th, 2013
    Posted at: 5:11 pm

    Okay sir will do .
    Sir i noticed that pharmas are tranding upwards and bank should be able to do so in the next month or so .
    Are my analysis right ?


  4. Jackie Says:
    August 25th, 2013
    Posted at: 5:13 pm

    Sir and ur views on jet airways ?


  5. bharath Says:
    August 25th, 2013
    Posted at: 5:54 pm

    i bought 5200 PE 29-08-13 @ Rs.20.50. please suggest me wht to do?


  6. Kartik Says:
    August 25th, 2013
    Posted at: 7:00 pm

    Hi Jackie, Pharma and FMCG stocks often move in the opposite direction with the Markets, they are defensive bets and move up in lower Markets, Jet Airways looks weak below 300, dont enter it now

    Hi bharath, hold it with a SL at 5530 for a few days


  7. Jackie Says:
    August 25th, 2013
    Posted at: 7:29 pm

    oh !
    but Sir can you check cipla ? and sun pharma ?
    both seem to be upwards , even devis lab seems to be good .

    Can u plz confirm ? so that I can again analyse and see where I went wrong .


  8. Kartik Says:
    August 25th, 2013
    Posted at: 7:56 pm

    Hi Jackie, Sun Pharmaceutical above 500 looks good, 500 acts as its strong support, wait for 2-3 days to see if it holds on to its support level, you may enter it with a SL at 495 for a target of 530 in the Short run


  9. Santy Says:
    August 25th, 2013
    Posted at: 8:53 pm

    Hi CB/Kartik,

    Sold BHEL at 116.5. Should hold or continue.


  10. raman Says:
    August 25th, 2013
    Posted at: 9:15 pm

    Hi cb, I have bought yesterday Lt 750 cal @ 14.5
    At what level can I exit tomorrow please give me valuable suggestions, thanks


  11. raman Says:
    August 25th, 2013
    Posted at: 9:27 pm

    Hi cb, I have bought yesterday Lt 740 cal @ 14.5
    At what level can I exit tomorrow please give me valuable suggestions, thanks


  12. care Says:
    August 25th, 2013
    Posted at: 9:40 pm

    Hi Kartik, Thanks for your kind reply.

    http://www.care2.com/click-to-donate/children/


  13. yogi Says:
    August 25th, 2013
    Posted at: 9:53 pm

    Hai all


  14. Kartik Says:
    August 25th, 2013
    Posted at: 11:09 pm

    Hi Santy, hold it with a SL at 122 for a few days, it can continue its downside ahead

    Hi raman, try to book around 745 tomorrow

    Hi care, most welcome

    Hi yogi, Good evening


  15. Jackie Says:
    August 25th, 2013
    Posted at: 11:35 pm

    oh okay sir , will do .
    Sir how do you calculate the support levels ? is there any site which you use for knowing which levels are the supports for it ?


  16. kunal Says:
    August 26th, 2013
    Posted at: 2:17 am

    hi cb sir.. can u please suggest me a good charts software for free where i can get candlesticks chart of equities, commodity, currency all in one ...

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