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Intraday calls for 07-06-09

Posted on: July 7th, 2009 at 9:24 am

Nifty has strong support at 4080-4150 level and is likely to see some bounce from current levels.

Buy Punj Lloyd at 199, target: 206. Stoploss: 196
Buy Reliance Industries at 1894, target: 1920. Stoploss: 1886.

If markets show weakness later during the day, short: Orchid Chemicals.

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358 Responses

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  1. yash Says:
    July 7th, 2009
    Posted at: 7:43 pm

    how do you see gmr infra?? it has come down a lot?? what about unitech?? which one is better to invest for 1-2 months time?? and cb am holding tvsmotor @43 what shud i do...exit form it and invest in suzlon??? wud that be a wise call or shud i hold on it??


  2. Kartheek Says:
    July 7th, 2009
    Posted at: 8:03 pm

    Bye CB, Gudnit


  3. CB Says:
    July 7th, 2009
    Posted at: 8:23 pm

    Hi yash, hold TVS. Auto did benefit from the budget and may see an upmove in coming days.. Invest some in Unitech..

    Hi Kartheek, Good night..


  4. Melvin Says:
    July 7th, 2009
    Posted at: 8:32 pm

    Hi CB,
    I will like to know more about arbitrage trading.Plz answer my following question:
    1)Give me some reference to know more about arbitrage trading.
    2)are there diffrent arbitrage tading in India??
    3)Is arbitrage trading allowed in INDIA?
    4)Can i do arbitrage tradinf from icicidirect.co??

    I will be grateful if you can aswer above question.......


  5. yash Says:
    July 7th, 2009
    Posted at: 9:15 pm

    shud i avg rcom tom or buy unitech?? in the mrng u said not to avg RCOM?? what to do sir??


  6. naga Says:
    July 7th, 2009
    Posted at: 9:35 pm

    hi cb,
    selan will move in near future i bought it at 238 is there any chance that it will reach to that level again


  7. sadeesh Says:
    July 7th, 2009
    Posted at: 9:45 pm

    plz let me the support level of suzlon


  8. CB Says:
    July 7th, 2009
    Posted at: 11:35 pm

    Hi Melvin, Its legal in India but not all brokerages allow it.. ICICI does not allow it

    Hi yash, buy some of Unitech as of now

    Hi naga, hold it.its a good stock. it will do well once crude starts rising again. keep it for some more time

    Hi sadeesh, strong support at 92-96 levels


  9. akansha Says:
    July 8th, 2009
    Posted at: 2:04 am

    target for spice communications?


  10. CB Says:
    July 8th, 2009
    Posted at: 9:02 am

    Hi akansha, it looks weak.. has good support at 56-58 levels


  11. Megha Bhasin Says:
    July 8th, 2009
    Posted at: 10:17 am

    market is falling but GHCL is increasing wat r your views on GHCL?


  12. CB Says:
    July 8th, 2009
    Posted at: 10:18 am

    Hi Megha Bhasin, not sure whats the news on it


  13. Megha Bhasin Says:
    July 8th, 2009
    Posted at: 12:56 pm

    any news on SESA GOA????


  14. CB Says:
    July 8th, 2009
    Posted at: 12:57 pm

    Hi Megha Bhasin, not sure.


  15. Kartheek Says:
    July 9th, 2009
    Posted at: 7:37 pm

    Hi Chinthana,
    Sorry that I didnt noticed your message, just now I've seen it. Are you there now?

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