Intraday calls for 24-10-11

Quotes with Resistance & Support

Market Information

Intraday calls for 24-10-11

Posted on: October 24th, 2011 at 8:33 am

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Markets likely to see a gap up opening. Resistance for nifty is at 5170 and support at 5000.

Buy Amar Remedies at 118, target:122. Stoploss: 115.50

If markets show weakness later during the day, sell: Bharti Airtel

9.24am – buy Mahindra and Mahindra at 815, target: 830. Stoploss: 803

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355 Responses

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santhosh Says:
October 24th, 2011
Posted at: 3:13 pm
ok
santhosh Says:
October 24th, 2011
Posted at: 3:15 pm
have 2 lots. shall i book both lots of 1050?
FYI, and 1 lots of 1060
Kartik Says:
October 24th, 2011
Posted at: 3:15 pm
Hi santhosh, if in loss, hold it till tomorrow, faces strong resistance around 1080-1100 levels, if it manages to give a breakout, it can do well
palanivel Says:
October 24th, 2011
Posted at: 3:16 pm
kartik sir.nifty retest 4990 level? any expect gap down open nifty? suggest please.
santhosh Says:
October 24th, 2011
Posted at: 3:17 pm
thanks. minimal loss... But, concern about tomorrow openings. that'swhy...!!!
Kartik Says:
October 24th, 2011
Posted at: 3:17 pm
Hi palanivel, cant be sure yet, shall have to wait to see how Global ques react tonight, have been very volatile lately
Kartik Says:
October 24th, 2011
Posted at: 3:18 pm
Hi santhosh, hmm, Dow futures too has been trading flat
santhosh Says:
October 24th, 2011
Posted at: 3:19 pm
ok karthik. i will book both lots in 1050. hold 1060
aquil Says:
October 24th, 2011
Posted at: 3:19 pm
KKartik bght bmbay dyng @406.5 pls suggest me.1week perspctve.
Kartik Says:
October 24th, 2011
Posted at: 3:19 pm
Hi santhosh, ok
Hi aquil, hold with a Sl at 398, can see 412 if Markets manage to see how some recovery ahead
divya Says:
October 24th, 2011
Posted at: 3:20 pm
have entered 5200CE at 8...pls suggest i should hold or exit..
palanivel Says:
October 24th, 2011
Posted at: 3:21 pm
kartik sir,how react tomorrow market RBI POLICY RATE RAISE NEWS.ANY -VE? ON MARKET THE NEWS.WHATS YOUR VIEW?
palanivel Says:
October 24th, 2011
Posted at: 3:22 pm
kartik sir,how react tomorrow market RBI POLICY RATE RAISE NEWS.ANY -VE? ON MARKET THE NEWS.WHATS YOUR VIEW SIR?
Kartik Says:
October 24th, 2011
Posted at: 3:22 pm
Hi divya, hold it with a SL at 5080 till tomorrow
Hi palanivel, if its higher, it can have a negative impact
Deepak Bedi Says:
October 24th, 2011
Posted at: 3:23 pm
Hi Kartik... I'm short on Axis Bank at 1162... Stock has come down... should I keep holding my position for tomo? Please advice?
Kartik Says:
October 24th, 2011
Posted at: 3:24 pm
Hi Deepak Bedi, seems to be trading around 1168 (cash), hold it with a Sl at 1180 for 1-2 days