Quotes with Resistance & Support
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Intraday calls for 29-03-11

Posted on: March 29th, 2011 at 8:22 am

Markets likely to open lower, support for Nifty at 5650, resistance at 5710

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578 Responses

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Comment pages: 212223242526272829Show all

  1. namonias Says:
    March 29th, 2011
    Posted at: 1:36 pm

    bought 5700 aprilput@96 tar please


  2. Kartik Says:
    March 29th, 2011
    Posted at: 1:36 pm

    Hi Akash, no, dont enter it

    Hi namonias, hold your long with a SL at 155, if it breaks 155 then enter a PUT to hedge


  3. Kartik Says:
    March 29th, 2011
    Posted at: 1:36 pm

    Hi namonias, keep a SL at 5760, Markets look strong as of now


  4. Akash Says:
    March 29th, 2011
    Posted at: 1:37 pm

    Hi Kartik, Shud I buy LIC 230 CE Call for target 15+. CMP is 3. Pls suggest asap as call is moving fast.


  5. Kartik Says:
    March 29th, 2011
    Posted at: 1:37 pm

    Hi Akash, no, it has already rallied quite a lot


  6. Akash Says:
    March 29th, 2011
    Posted at: 1:38 pm

    Hi Kartik, I am regretting badly as I sold LIC 210 CE at 6 and now it is moved to 17. I would have made pure 40k profit if I had not sold it yesterday. Can we expect same in 230 or any other call. pls suggest.


  7. bapan Says:
    March 29th, 2011
    Posted at: 1:39 pm

    CB any technical call for option stock.


  8. Akash Says:
    March 29th, 2011
    Posted at: 1:40 pm

    Hi Kartik, Then pls suggest anything else... I really missed once in a life time chance... I want similar call in ANY stock. Thanks.


  9. Kartik Says:
    March 29th, 2011
    Posted at: 1:40 pm

    Hi bapan, hmm, no, here's some general info tough: Options are very risky, In Options there are a set of calls and puts know as CA and PA at every levels. eg: Unitech has a CA at 90, 80, 70 as well a PUT 90, 80, 70. A trader thinking that Unitech might touch or move higher to 90, might enter 90 or 80 Call (CA), now if the stock moves up, then the price of the CALL will rise and at the same time the price of the PUT will decrease (since a put is bought when a trader expects a stock to move lower), calls and puts are available at cheap rates, i.e ranging from 3000 to 10000.

    Now each of the above contract has a validity of one month, i.e you can purchase a Untiech 90 CALL in the current Month, and at the end of every month, you need to sell it, otherwise it will be automatically be squared off by the exchange. So this creates some selling pressure sometimes for some stocks listed in Futures and Options, which in turn might cause the Markets to go down


  10. Deepak7791 Says:
    March 29th, 2011
    Posted at: 1:40 pm

    Hi Kartik

    Will RIIL reach 670 levels in this week by any chance? ofcourse you did mention it has Resistance at 650 , But it is not moving at all inspite of markets being cheerfull.


  11. Kartik Says:
    March 29th, 2011
    Posted at: 1:42 pm

    Hi Deepak7791, yes, has been trading with low volumes, keep a Sl at 620


  12. Sunil Rao Says:
    March 29th, 2011
    Posted at: 1:42 pm

    Hi airbites, Could be very risky going short now.

    Hi namonias, If you go long on a scrip and the market goes against you, you may hedge your long by entering a put and hold the put till the market reverses back to the favourable direction.


  13. bapan Says:
    March 29th, 2011
    Posted at: 1:43 pm

    THANKS!!!!!!!!!!!!
    u mean to say "NOT TO TRADE IN OPTIONS"


  14. Sunil Rao Says:
    March 29th, 2011
    Posted at: 1:43 pm

    Hi Kartik, Good Afternoon. Most Welcome.


  15. Kartik Says:
    March 29th, 2011
    Posted at: 1:44 pm

    Hi bapan, most welcome, no, it meant trade safe


  16. Akash Says:
    March 29th, 2011
    Posted at: 1:44 pm

    Hi Kartik, Which Option I can buy to get 5-6 times return in a day. Pls suggest. I missed LIC 210 CE. Can I buy 230 or anything else. Pls suggets. Need to make big profit as I have almost 1 Lakhs of Credit card bills which I am paying in 4k installments and paying almost 2500 as interest :(

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