Quotes with Resistance & Support
Market Information
Intraday calls for 09-04-12
Posted on: April 9th, 2012 at 8:25 am
Markets likely to open lower. Support for nifty is at 5275.
Buy PTC India on dips near 66-66.50, target: 69. Stoploss: 64.
Buy Rushil decor on dips near 222, target: 230. Stoploss: 217
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vipul Says:
April 10th, 2012
Posted at: 12:03 am
Hi CB, how much return will Axis bank give in 3-4 years??
CB Says:
April 10th, 2012
Posted at: 12:22 am
Hi CA.Tejas, yes, looks good
Hi sheeja, indian hotels is a hold for short term. dont enter jp assoc pe yet. can see some bounce from here. gammon infra can be bought in small quantity for now. looks good
Hi vipul, its a good long term bet. can see 2000-2200 levels.
Deepak Bedi Says:
April 10th, 2012
Posted at: 12:27 am
Hi SM.. GM... Good to see u back... Hope ur computer issues are resolved... Reliance broke 740 convincingly today nd went down to 734... but bounced back sharply to 745 nd closed at 742... Whats the technical outlook now... Does it look strong on th charts or looking weak??
SM Says:
April 10th, 2012
Posted at: 1:02 am
Hi CB, GE bro :)
Hi Deepak Bedi, GE. Yes for now, the computer seems to be ok. So, you finally went for the 740PE of RIL. The initial SL suggested by be was most probably, 755.50. Now, you can trail the SL to 752. This is also the level CB suggested. Technically, if we look at 5 min, 15 min, 30 min, and hourly charts, there is an instance of H&S formation with the neckline support zone taken out. This indicates that RIL can fall further. Nevertheless, we should maintain SL. As you hold 4 lots of PE, you can clear them all at 730 odd levels. Another strategy can be to clear half (2 lots) at around 730. If you manage to do so, then after that trail your SL further down to 735 for the remaining 2 lots. A possible target then, comes to around 726-727 levels. Now, all these levels may not be attained in a jiffy. I have given all cash levels. Whatever you do, try to get out in profit. All the best :)
Deepak Bedi Says:
April 10th, 2012
Posted at: 1:07 am
Thanks SM... I love how you take the time and trouble to post such detailed replies... For novices like us it means a lot because otherwise we let our emotions take over nd end up in a loss... Like i mentioned to CB earlier in the evening that its so nice for us to come here and get great advice... Thanks again... As always... U guys rock!!! :)
SM Says:
April 10th, 2012
Posted at: 1:13 am
Hi Deepak Bedi, Thanks for your kind comments :)
Deepak Bedi Says:
April 10th, 2012
Posted at: 1:19 am
Will def keep a SL at 752... Might not make a profit at that level but at least will not make any big losses... If it does go down to 730 levels as you nd CB have suggested then I will clear all 4 lots as I will make a decent profit... Have learned the hard way that little money in th bank is a lot better than anticipated paper profits... Thanks once again... :)
mary Says:
April 10th, 2012
Posted at: 1:22 am
Hi SM , How are you ?
Sohan Says:
April 10th, 2012
Posted at: 1:24 am
Hello SM,
Welcome back from stone age.
I hope your computer is back in action.
Really if something like this happens in the present world, we are so paralysed??
Sohan
SM Says:
April 10th, 2012
Posted at: 1:27 am
Hi mary, Hi, after a long time. I am doing good. Hope you are too :)
mary Says:
April 10th, 2012
Posted at: 1:29 am
Hi SM
Me too fine here. Hows your view on Aanjaneya & Timken ? Is it a hold for 2-3 days ?
SM Says:
April 10th, 2012
Posted at: 1:40 am
Hi mary, Aanjaneya has got major supp at 520 and lower at 500. Though it breached 520 on an intraday basis but managed to give a closing above 520. Timken again in near major supp zone of 215. If you bought them, both are a hold. SL can be kept just below 520 and 215 for Aanjaneya and Timken respectively on a closing basis
Suhail Says:
April 10th, 2012
Posted at: 1:48 am
HI cb, I have 400 Orchid Chemical in 183.5, please let me know whether to hold to exit as per today market.
CB Says:
April 10th, 2012
Posted at: 2:06 am
Hi SM, Good evening..
Hi Suhail, it does look good above 180-182. hold it can see 190-193
sheshu Says:
April 11th, 2012
Posted at: 11:20 am
Sell axis bank @ 1143/1141 target 1130