Quotes with Resistance & Support
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Intraday calls for 29-06-11

Posted on: June 29th, 2011 at 8:31 am

Markets likely to open higher, Resistance for nifty is at 5600 and support at 5490

Buy Max India at 188, Target: 195, SL 182 – (exit position at 186)

12.02pm – sell Jet airways at 489.50, target: 480. Stoploss: 500

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523 Responses

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  1. DS Says:
    June 29th, 2011
    Posted at: 1:10 pm

    Dear Mr Rao,

    Why is Jet rising? Have shorted at 487. Shd i add one more fresh short at higher levels? Say around 506?


  2. thavva Says:
    June 29th, 2011
    Posted at: 1:15 pm

    Hi Sunil Rao, Ok, have a good time.


  3. Akash Says:
    June 29th, 2011
    Posted at: 1:20 pm

    Hi Sunil Rao, Ok. For July, shud we buy some CE or PE? For best gain by investing least money :)


  4. VIJAY Says:
    June 29th, 2011
    Posted at: 1:21 pm

    Hi Sunil Rao,

    Holding Alok short position 24.10 july what to do....will it come back to that levels...


  5. Sunil Rao Says:
    June 29th, 2011
    Posted at: 1:22 pm

    Hi DS, Dont add more. Exit if SL is breached.

    Hi thavva, Thanks.


  6. thavva Says:
    June 29th, 2011
    Posted at: 1:26 pm

    Hi Sunil Rao, what is next resistance for tatasteel? can we short?


  7. CB Says:
    June 29th, 2011
    Posted at: 1:26 pm

    Hi DS, it has strong resistance at 500-505. likely to see some profit booking from here. don't add more. for now hold it

    Hi bharati, if possible hold it for 1-2 days. looks strong. likely to see a bounce soon

    just came online


  8. Wahid Says:
    June 29th, 2011
    Posted at: 1:28 pm

    Hi CB bought indowind energy @ 25.85 now it is cmp 25.40 shall i exit or hold
    thanks


  9. shiva Says:
    June 29th, 2011
    Posted at: 1:28 pm

    CB..ITC call 200 came to 70 paisa...if it opens in red tomorrow, it will become 20 paisa...can it see 200 today


  10. CB Says:
    June 29th, 2011
    Posted at: 1:29 pm

    Hi Wahid, technically does look good. hold it for few days.


  11. SAI Says:
    June 29th, 2011
    Posted at: 1:29 pm

    HI SUNIL JI ANY STRATEGY FOR JULY MONTH


  12. CB Says:
    June 29th, 2011
    Posted at: 1:29 pm

    Hi shiva, yes, hold it for now.


  13. thavva Says:
    June 29th, 2011
    Posted at: 1:30 pm

    Hi CB, is it right time to short tata steel? with SL of 602?


  14. Sunil Rao Says:
    June 29th, 2011
    Posted at: 1:30 pm

    Hi thavva, Next is near 607. Dont go short on it yet.

    Hi CB, Welcome Back.


  15. CB Says:
    June 29th, 2011
    Posted at: 1:30 pm

    Hi Sunil Rao, thanks.


  16. thavva Says:
    June 29th, 2011
    Posted at: 1:31 pm

    Thanks Sunil/CB..

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