Quotes with Resistance & Support
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Intraday calls for 24-05-10

Posted on: May 24th, 2010 at 8:19 am

Markets likely to see a gap up opening. Resistance for nifty is at 5000 and support at 4850

Buy Allahabad Bank at 156.75, target: 162. Stoploss: 153
Buy Dewan Housing at 219.85, target: 227. Stoploss: 214. (book at 225)

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616 Responses

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  1. DM Says:
    May 24th, 2010
    Posted at: 2:26 pm

    Hi Kartik, Can i add more


  2. joseph Says:
    May 24th, 2010
    Posted at: 2:27 pm

    hi kartik what is meaning of auction and in how many days its settled after trade?


  3. Lata Says:
    May 24th, 2010
    Posted at: 2:28 pm

    ya kartik, i guess today i shld have sold it on 3690 atleast... but now if i sell, it will be around 8-10k loss....


  4. Kartik Says:
    May 24th, 2010
    Posted at: 2:29 pm

    Hi Akshay, Marksans Pharma Ltd is a avg bet fundamentally, exit it on any rise, Birla Cotsyn India Ltd is a strong bet for Long term, hold it for 1-2 years time, it can see 2+ levels

    Hi Pradeep, hold it for some more time


  5. dak Says:
    May 24th, 2010
    Posted at: 2:30 pm

    Hi Kartik - where do you see rcom going from here? will it consolidate after this rise? is it okay to buy a put?


  6. rashid Says:
    May 24th, 2010
    Posted at: 2:30 pm

    can i short nifty now,as on very first day of declairing package,euorpe is only slightly positive


  7. Kartik Says:
    May 24th, 2010
    Posted at: 2:30 pm

    Hi Kb, not likely, we might some consolidation at current levels

    Hi Lata, yes, but its a risky stock to hold for too long

    Hi joseph, auction is something that occurs when you forget to buy the shares you sold in your trading account, so in this case the shares are automatically bought back on the 3rd day, depending on the price on that day

    Hi DM, dont add more yet, wait for some time


  8. Khan Says:
    May 24th, 2010
    Posted at: 2:31 pm

    Cb, Please suggest me about DLF, i Hv DLF 100@333..


  9. jame Says:
    May 24th, 2010
    Posted at: 2:31 pm

    Hi karthik,
    Standard chartered IDR will be open tomorrow most probably @110 per share.Is it a good bet for long term or will it have some effect because of the euro?


  10. kumar Says:
    May 24th, 2010
    Posted at: 2:32 pm

    Hi Kartik,
    can i but nifty 5000 CA now?


  11. Hemant Says:
    May 24th, 2010
    Posted at: 2:32 pm

    hi CB i have 4900 put @68 wat should i do?


  12. Kartik Says:
    May 24th, 2010
    Posted at: 2:33 pm

    Hi dak, dont enter at PUT for Rcom yet, wait for some time, its likely to trade strong

    Hi rashid, yes

    Hi Akash, dont enter Aban and Educomp yet, wait for the Markets to settle, if Markets recover, ABB can see 720


  13. nitin Says:
    May 24th, 2010
    Posted at: 2:33 pm

    hi kartik... short term target for karnatake bank.. i ve @ 135


  14. Kb Says:
    May 24th, 2010
    Posted at: 2:33 pm

    Hi Kartik, Thanks karthik. .. whts meant by market mover.. that stocks moves with market?? That mainly contribute to Index??


  15. Akash Says:
    May 24th, 2010
    Posted at: 2:33 pm

    Hi Kartik, ABB or ABAN? I have Aban at 705 and CMP is 708+


  16. AJ Says:
    May 24th, 2010
    Posted at: 2:33 pm

    Hi Kartik

    Holding Short Nifty 4880. Hold or Exit or whai will be the SL???????????/

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