Quotes with Resistance & Support
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Intraday calls for 30-08-13

Posted on: August 30th, 2013 at 7:51 am

Markets likely to open flat. Resistance for nifty is at 5450 and support at 5340

Buy Tech Mahindra around 1362, target: 1395, SL 1340

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228 Responses

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Comment pages: 789101112131415Show all

  1. CB Says:
    August 31st, 2013
    Posted at: 1:49 pm

    Hi pankaj, yes, technically it does look weak. for long term can accumulate in small lots of 20-25% on dips near 800

    Hi raushan, Good morning. yes, only if markets are doing good


  2. Ratheesh Says:
    August 31st, 2013
    Posted at: 2:10 pm

    Hai cb,i am holding sintex @ 20 .it going down side anything has wrong sir can i hold?


  3. CB Says:
    August 31st, 2013
    Posted at: 3:32 pm

    Hi Ratheesh, yes, technically does look a bit weak. best to hold for now. dont add more of it yet.


  4. krishna Says:
    August 31st, 2013
    Posted at: 4:25 pm

    hi CB sir,
    Now GDP is negative, then how the markets reflects on the data and how the banking sector will move on monday.
    please suggest


  5. CB Says:
    August 31st, 2013
    Posted at: 5:18 pm

    Hi krishna, yes, seems may open a bit lower on monday. bank nifty is also going weak. best to avoid longs for now.


  6. PKP Says:
    August 31st, 2013
    Posted at: 7:11 pm

    Is it true, i Got a news tht petrol and diesel price hike
    Am also not sure on this
    Just got a news so sharing it....
    Monday sure flat opening


  7. Ghani Says:
    August 31st, 2013
    Posted at: 7:53 pm

    sir whats your view on zee entertainment?? is downside over or it is short covering?


  8. Kartik Says:
    August 31st, 2013
    Posted at: 8:53 pm

    Hi Ghani, it faces strong resistance at 235-240 lvls, a close above which can take it to 260+ lvls and higher


  9. Ghani Says:
    August 31st, 2013
    Posted at: 9:03 pm

    Thank you sir but u always say wen Open interst falls with increase in price its called as short covering...But what stops you now in telling zee entertainment is having short covering..??? please clarify sir


  10. Kartik Says:
    August 31st, 2013
    Posted at: 10:17 pm

    Hi Ghani, no, 'Open interst falls with increase', read this: http://nseguide.com/what-is-open-interest/


  11. Ghani Says:
    August 31st, 2013
    Posted at: 10:43 pm

    kartik sir i have read it and that post also clearly signifies..fall in OI along with contract price is rising is short covering..so the reason am confused..please clarify.

    as in article and as said by u,zee entertainment should be called as short covering...But u dont call it so...? why pls explain


  12. ramsingh Says:
    August 31st, 2013
    Posted at: 10:53 pm

    Hi Kartik!
    What is the support level for Marksans Pharma and which level from price is bounce expected.


  13. Mane Says:
    September 1st, 2013
    Posted at: 3:24 am

    Sir,
    can i take 80pe Finantech


  14. Kartik Says:
    September 1st, 2013
    Posted at: 9:21 am

    Hi Ghani, fall in OI with contract price rising indicates that its previous trend (in this case downtrend), is likely to change to a uptrend. Also the stock faces resistance around 235-240 lvls, once it manages to give a breakout out, it can do well

    Hi ramsingh, its seeing profit booking, may take a pause around 6

    Hi Mane, its alread ripped quite a lot and can be a risky bet to enter it now, as some short covering could come in it


  15. moin Says:
    September 1st, 2013
    Posted at: 10:57 am

    hi good morning kartik , cb sir
    due to rising in oil, gas price,
    did bank is related to it
    and can i short hul at 640 levels


  16. CB Says:
    September 1st, 2013
    Posted at: 1:44 pm

    Hi moin, Good morning. yes, markets are likely to trade weak in near term. dont short hul yet. looks strong.

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