Quotes with Resistance & Support
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Intraday calls for 26-12-11

Posted on: December 26th, 2011 at 8:29 am

Markets likely to see a flat opening.. Support for nifty is at 4650 and resistance at 4760.

Buy Wipro at 404-406, target: 413. Stoploss: 399.

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331 Responses

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Comment pages: 91011121314151617Show all

  1. shams Says:
    December 26th, 2011
    Posted at: 12:11 pm

    thaks lalith


  2. lalith Says:
    December 26th, 2011
    Posted at: 12:12 pm

    Hi vipul, No news yet, it could not cross 4782 (SPOT) which is considered to be a bull confirmation signal. The volumes are low from the FIIs side hence it is purely in operators hands where they want Nifty to close on expiry.

    Please Note Friday - day before christmas witnessed the lowest volumes in 28 days. FII participation is not strong enough, markets likely to trade sideways


  3. lalith Says:
    December 26th, 2011
    Posted at: 12:14 pm

    Hi Achauhan, Please keep a Strict SL at 51 & hold, lets see where we get the signal to book profits.


  4. SS Says:
    December 26th, 2011
    Posted at: 12:16 pm

    Hi lalith,
    What's your say on Kotak & Cairn...holding short fut in loss...thanks


  5. airbites Says:
    December 26th, 2011
    Posted at: 12:18 pm

    Hi lalith,

    Please can u elaborate on how 4782, is a bull confirmation signal ?
    I thought markets above & hold 4760 is a bull signal....


  6. Achauhan Says:
    December 26th, 2011
    Posted at: 12:20 pm

    ok ..thanks lalith..


  7. lalith Says:
    December 26th, 2011
    Posted at: 12:25 pm

    Hi airbites, What we have witnessed so far is the 61.8% retracement of the previous swing, Nifty does look good above 4760 However there is supposedly a strong resistance zone at 4775-4782 where smart money might come into play so on breaking this the trend might be sustainable for a while & we could rally upto 4850-70 type of levels>

    Yet the overall sentiment is still bearish.


  8. RAVS Says:
    December 26th, 2011
    Posted at: 12:30 pm

    Hi Lalith, Holding 4800 put at 70. Now it is 60. Plzsuggest wat to do


  9. SAI Says:
    December 26th, 2011
    Posted at: 12:30 pm

    HI KARTIK / KB / LALITH Good Afternoon


  10. $tyleIcon Says:
    December 26th, 2011
    Posted at: 12:31 pm

    market is not going to cross 4820 ressistant level will fal lagain in cuming dayz..


  11. lalith Says:
    December 26th, 2011
    Posted at: 12:32 pm

    When operators are well aware of the Stop Loss that majority people have kept is 4760 they will always want to take that out. I'm just playing against the operators/smart money & they have to take 4782 for me to reverse my trades.

    May be I am wrong this time :D


  12. $tyleIcon Says:
    December 26th, 2011
    Posted at: 12:34 pm

    european n us markets to remain close today due to christmas..???


  13. lalith Says:
    December 26th, 2011
    Posted at: 12:39 pm

    Hi $tyleIcon, Boxing Day!!


  14. lalith Says:
    December 26th, 2011
    Posted at: 12:44 pm

    lalith Says:
    December 26th, 2011
    Posted at: 11:37 am

    BUY 4800PE at 62-64 sl 51 (Pure Intraday) .... tgt later

    No movement for more than a hour now, lets not take the risk of premium decay, please exit cost to cost


  15. airbites Says:
    December 26th, 2011
    Posted at: 12:46 pm

    Hi lalith,

    K.. i got that.
    Can u tellme how to take/shortlist a particular swing period to calculate retracements?
    Frm above, the nifty is around 61.8% retracement, now what swing period is taken into consideration for that.


  16. lalith Says:
    December 26th, 2011
    Posted at: 12:46 pm

    Hi RAVS, No movement, if stays flat like this premiums will reduce, please try to exit on any rise that you see

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