Quotes with Resistance & Support
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Intraday calls for 24-10-11

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

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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  1. Akash Says:
    October 24th, 2011
    Posted at: 3:38 pm

    Hi Kartik, I made loss in Tata met and Uflex of almost 100 Rs. in intraday. Shud I buy 5700 CE Nov around CMP for target min 20. Pls suggest. I will buy tomorrow if you say yes.


  2. Wasey Says:
    October 24th, 2011
    Posted at: 3:40 pm

    Thank you Kartik, as I am new to FnO market, am just wondering LT 1200PE is trading at 20 rupees. How would this fluctuate when the LT cash goes above 1300 and when its cash comes closer to 1200? Sorry about such a naive question.


  3. CA.Tejas Says:
    October 24th, 2011
    Posted at: 3:46 pm

    Hi,

    In Our site for NSEGUIDE.com charting of ABC bearing is not appearing at correct mkt rate....kindly check.....Scrip Code 505665


  4. avis Says:
    October 24th, 2011
    Posted at: 4:04 pm

    hi cb/ karthik
    i am holding short pos in TCS at 1076 and hindustan unilever at 335
    of october future.
    as tomorrow expiry wat price downside target i can expect


  5. DJ Says:
    October 24th, 2011
    Posted at: 4:22 pm

    Hi Cb
    if market remains strong today where do u c chambal tmrw?
    regards


  6. CB Says:
    October 24th, 2011
    Posted at: 4:27 pm

    Hi CA.Tejas, these are good bets for short term. hold these. shall have the programmer add abc bearings..

    Hi Deepak Bedi, most welcome

    Hi palanivel, yes, possible see some consolidation from here.

    Hi Akash, not sure of entering a 5700 ce yet

    Hi Wasey, yes, one can enter it. looks weak below 1320


    Hi avis, hold these. tcs can test 1060. hul has strong resistance near 338. can see 332


  7. CB Says:
    October 24th, 2011
    Posted at: 4:27 pm

    Hi DJ, seems may remain a bit flat. has support at 85.


  8. balu Says:
    October 24th, 2011
    Posted at: 4:32 pm

    sir i have short ongc5lots nov at 276.5 hold are exit


  9. DJ Says:
    October 24th, 2011
    Posted at: 4:37 pm

    Thx cb.can chambal c 90-91 tmrw?holding long


  10. Akash Says:
    October 24th, 2011
    Posted at: 4:41 pm

    Hi CB, Pls have a look and suggest me before tomorrow opening. I really need to cover some loss by any how...


  11. CB Says:
    October 24th, 2011
    Posted at: 5:00 pm

    Hi balu, its a hold. can test 272

    Hi DJ, if markets open positive, its possible tests 90.50

    Hi Akash, sure, shall look into some and advice.


  12. CA.Tejas Says:
    October 24th, 2011
    Posted at: 5:17 pm

    Hi CB, I have seen on chart it looks gud... In all 7 days mobing avg cuts 14 days moving avg from below... that means it indicates it will go up... M I Right Sir??


  13. santhosh Says:
    October 24th, 2011
    Posted at: 5:24 pm

    Hi CB

    market expert expects 0.25 BPS hike. So, i guess if RBI increase 0.25 Bps tomorrow then it will not impact market much i believe where today already corrected based on this view. if no hike then we might see +ve in market. right ? please advice


  14. HARI Says:
    October 24th, 2011
    Posted at: 6:03 pm

    Hi CB

    Have TCS 1050 ce's. what is your view on this stock? i do not think this will affect because of tomorrow's RBI announcement much...Since Rupee is weaker compare with USD. Also RBI might not impact IT sector. your view's please


  15. santhosh Says:
    October 24th, 2011
    Posted at: 6:08 pm

    CB,

    What does meant by " hawkish " ? could you please advice


  16. CB Says:
    October 24th, 2011
    Posted at: 7:07 pm

    Hi CA.Tejas, yep

    Hi santhosh, if there is a hike, markets could see some selling pressure. lets see. also expiry tomorrow. overall seems may remain volatile.

    Hi HARI, hold with sl at 1180. can test 1100

    Hi santhosh, it means Favoring an increase in interest rates.. hope this helps:http://financial-dictionary.thefreedictionary.com/Hawkish

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