Quotes with Resistance & Support
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Intraday calls for 23-10-12

Posted on: October 23rd, 2012 at 8:29 am

Markets likely to open flat. Support for nifty is at 5630 and resistance at 5750.

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508 Responses

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  1. Sandip Says:
    October 24th, 2012
    Posted at: 10:52 am

    Wish you a HAPPY DUSSERA TO ALL!


  2. NH Says:
    October 24th, 2012
    Posted at: 11:17 am

    Good Morning to all. HAPPY DUSSERA... Enjoyyy...


  3. aroy Says:
    October 24th, 2012
    Posted at: 11:51 am

    CB SIR, GM.INDIA-VIX is 52 week low.What happened Nifty up or down.
    Thanks.


  4. Kumar Says:
    October 24th, 2012
    Posted at: 11:54 am

    Hi H A M, You people are doing a great job over here.. Thanks for ur calls.. Just I am curious to know, how u people are telling about the levels.. For example if it cross 5630 then it wll move to 5550.. Sometimes u people used to say if it stays above 5720 for ten minutes then it will move above.. Why is that ten minutes.. Thanks in advance..


  5. CB Says:
    October 24th, 2012
    Posted at: 11:58 am

    Hi Mahender, Good morning.. Happy Dusshera

    Hi H A M, Good morning.. Happy Dusshera

    Hi Pradeep 1st, Good morning.. Happy Dusshera

    Hi Robotguy, Good morning.. Happy Dusshera

    Hi Prams, Good morning.. Happy Dusshera

    Hi Sandip, Good morning.. Happy Dusshera

    Hi NH, Good morning.. Happy Dusshera


  6. CB Says:
    October 24th, 2012
    Posted at: 11:59 am

    Hi aroy, as of now seems may open flat tomorrow. in coming days can test 5750. on the downside below 5630 can fall further


  7. H A M Says:
    October 24th, 2012
    Posted at: 12:31 pm

    Hi CB, Good afternoon Sir :)

    Hi jk, Good afternoon!! Yes, CB/Kartik were really master of masters like u said. Thanks alot for ur support and once again congrats for ur profit, keep it up and keeeeep onnnn pumping out the money from stock-market balloon. Good luck.

    Hi Kumar, GA, Just doing our bit by sharing each other's info :) It's simple to know abt it but one needs some experience to predict the further continuity of the chart with the help of supports and resistance points,
    Support is a line on the stock chart at which the stock has limited ability to go any lower. You can also think of support as a "floor" under the stock price that sellers have recently been unable to break through. The support line often encourages buyers to step in and buy the stock because they know the price will likely not go much lower.
    If support is the price floor, then resistance is the price roof. Resistance is a line on a price chart that generally stops buyers who don’t want to buy the stock at its highest, or most expensive point, and instead results in sellers stepping in to sell and take profits. The logic dictates that as the price advances towards resistance, sellers become more inclined to sell and buyers become less inclined to buy. By the time the price reaches the resistance level, it is believed that supply will overcome demand and prevent the price from rising above resistance, hence if it trades below that level for some time then, it is expected to go down ans test support level once again. Same in vice-versa in case of supports of that particular stock/index.
    If it trades above or below resistance/support for some time, we reckons that this is going in either side/direction in coming days. That's it!!
    Hope u got my point!!!


  8. deepa11 Says:
    October 24th, 2012
    Posted at: 12:39 pm

    HI CB, HAPPY DUSSHERA TO ALL EXPERTS ON FORUM..


  9. Sandip Says:
    October 24th, 2012
    Posted at: 12:49 pm

    Hi CB,


    Good afternoon...
    Happy DUSSHERA to you...


  10. Kumar Says:
    October 24th, 2012
    Posted at: 12:55 pm

    Hi H A M, No issues.. Anyhow I got some profit by ur calls.. I want to know some technicals.. As mentioned above how to identify the levels trends etc.. In this forum I have seen u many times u r eager to teach pupil.. So is there any chart tool available to identify this.. Thanks


  11. CB Says:
    October 24th, 2012
    Posted at: 12:57 pm

    Hi deepa11, Good afternoon. Happy Dusshera

    Hi Sandip, Good afternoon. Happy Dusshera


  12. Kumar Says:
    October 24th, 2012
    Posted at: 1:02 pm

    Hi M2M, Thanks brother.. Who in this world can reply such a detailed message to unknown guy.. U r great brother.. Ur experience speaks


  13. Kumar Says:
    October 24th, 2012
    Posted at: 1:05 pm

    Hi H A M, Sorry the last message is fr u brother. I missenend to M2M


  14. raghavendra Says:
    October 24th, 2012
    Posted at: 1:21 pm

    HI CB/Karthik/H A M...I have bought Bharti airtel 270 pe yesterday @ 1.8 How do u see Bharti trading tomorrow..What are the level to book profit or loss...Thanks a lot


  15. CB Says:
    October 24th, 2012
    Posted at: 1:35 pm

    Hi raghavendra, technically its a hold with strict sl at 273 for now. if markets open flat/ lower can test 267


  16. H A M Says:
    October 24th, 2012
    Posted at: 1:43 pm

    Hi Kumar, Good afternoon.. Thanks alot for ur kind-post Bro:)
    I am really happy to listen u earned some profit and it's been my pleasure really:)
    U can follow the technical chart in chartlinks.com which is very genuine to analyze and thanks a ton again to CB/Kartik for that.
    Follow RSI along with other technical indicators like Aroon oscillator, money flow index, Momentum and Negative volume index in order to predict the market movement for very short-term period[20-25 days]. Best of luck Brother. Wish u happy Dusshera to U and ur dear ones.. TC :)

    Hi Prams, Good afternoon :) Thanks alot for ur support...
    Happy Dusshera to U and ur dear ones...:) TC.

    Hi raghavendra, If Bharti Airtel falls below 270, then ur put value remains more than ur bought price and if it opens above 270 and remains there, then this current month option may becomes zero.
    If at all it falls by chance below 270 by tomorrow, plz try to book profits ASAP or sell it in whatever the price it trades.
    Don't trade in current month options after 15/18th of every month, better shift to next month's to be on safe-side. Good luck.

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