Quotes with Resistance & Support
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Intraday calls for 29-06-10

Posted on: June 29th, 2010 at 8:19 am

Markets likely to see a flat opening. Support for nifty is at 5250 and resistance at 5400

If markets show weakness later during the day, sell: ICICI Bank

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798 Responses

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  1. Kartik Says:
    June 29th, 2010
    Posted at: 12:34 pm

    Hi tuff money, Steel stocks are facing some dowside today, keep a SL at 355 in Intraday

    Hi indian, not likely

    Hi Ramesh SS, it can see 310+ levels in 1-2 months time

    Hi Meena, you may enter SEL for 2-3 months time at CMP

    Hi Anjali, hold it till tomorrow

    Hi kranthi, we might see some more downside if Europe opens weak


  2. Gitanjali Says:
    June 29th, 2010
    Posted at: 12:34 pm

    Hi Kartik, Really something is going on in this counter gone up to 132 now.. It will never reach 123 ..at this rate , will it ? kindly do tell me .. I do not mind .. as I also hold in cash .. shall come out of one trade either short of futures or long in cash..


  3. Virk Says:
    June 29th, 2010
    Posted at: 12:35 pm

    Sir [email protected],YOUR VIEWS PLEASE IN THIS SITUATION, WHAT WOULD BE THE SL N SUPPORT LEVEL


  4. Kartik Says:
    June 29th, 2010
    Posted at: 12:36 pm

    Hi Gitanjali, above 132 it looks strong and below 118, it looks weak, trading a narrow range of the past few days, if today it manages to close below 132, then it might see some more downside in the coming dayhys


  5. Kartik Says:
    June 29th, 2010
    Posted at: 12:37 pm

    Hi ganesh, no, dont enter it yet


  6. Aman Says:
    June 29th, 2010
    Posted at: 12:38 pm

    karthik wht abt tata steel.. bot @ 494..


  7. Kartik Says:
    June 29th, 2010
    Posted at: 12:40 pm

    Hi Aman, exit form it below 485


  8. Meena Says:
    June 29th, 2010
    Posted at: 12:40 pm

    Hi Kartik,

    GA. Recd a call from my broker to enter TVS Motor for intraday. What
    is yr opinion? Pl. gv intraday target


  9. Gauri Says:
    June 29th, 2010
    Posted at: 12:40 pm

    Hi Kartik,

    GA Kartik,

    should short Indoco Rem CMP 500?


  10. Meena Says:
    June 29th, 2010
    Posted at: 12:41 pm

    Hi
    Wt will be the target of sel for 2-3 months??


  11. airbites Says:
    June 29th, 2010
    Posted at: 12:41 pm

    Can i buy Nifty at CMP (Intraday) ?


  12. Gitanjali Says:
    June 29th, 2010
    Posted at: 12:42 pm

    Hi Kartik, Scary...thanks any way ... can't understand why folks want to buy now ..when earlier it was very weak...
    I shall cover if in case it closes above 133.. is that fine plz???


  13. Kelly Says:
    June 29th, 2010
    Posted at: 12:43 pm

    Dahi bhat kaun nanter yeto.


  14. Kartik Says:
    June 29th, 2010
    Posted at: 12:43 pm

    Hi Virk, it shall do well in the Short run, hold it for some more time, dont add more of it yet

    Hi Gauri, it seems to trade strong, dont go short on it yet

    Hi Meena, SEL can see 100+, you may enter TVS with a tight SL at 110


  15. DS Says:
    June 29th, 2010
    Posted at: 12:43 pm

    Dear Kartik,

    Holding short positions in LIC HSG FIN and ICICI, pls advise when to cover them?


  16. Kartik Says:
    June 29th, 2010
    Posted at: 12:44 pm

    Hi airbites, no, dont enteri t yet

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