Quotes with Resistance & Support
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Intraday calls for 01-06-09

Posted on: June 1st, 2009 at 9:09 am

Markets likely to open positive. Nifty has strong resistance at 4520. If we manage to cross this we could see 4800 in short term, else a retracement back to 4300.

Buy ONGC for a target of 1210, stoploss: 1145

If markets see profit booking at at 4500-4520 levels, short: Reliance Capital

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489 Responses

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  1. Viti Says:
    June 1st, 2009
    Posted at: 3:48 pm

    Hi all,
    I was doing the intraday trading for the last 3 months and in intraday i can do a buisness of around 1-2 lakh per day. Please suggest me the brokerage house with the best brokerage rates. Right now i am using indiabulls, i am happy with the services but not with the brokerage rates. Otherwise i want my brokerage to be around 2 paisa.

    Hi Cb,
    Please tell which plan to take from religare according to my needs. (freedom plan, R-ACE Lite (Advanced)) and thank you for the reply because i didn't expect it.


  2. CB Says:
    June 1st, 2009
    Posted at: 3:48 pm

    Hi Kartheek, yes. hold it


  3. DM Says:
    June 1st, 2009
    Posted at: 3:49 pm

    HI CB
    CAN YOU TAKE OUT SOME TIME FROM YOUR SCHEDULE AND CHEKC ON FOR ANU'S LAB FROM LOTS OF PEOPLE I HEARD IT GONNA RUN FOR A TARGET OF 45-50 IN A WEEKS TIME.


  4. CB Says:
    June 1st, 2009
    Posted at: 3:49 pm

    Hi Viti, I am not sure of their plans but since you trade with 1-2lac go for the one that gives more flexibility. also ask them to provide you with Odin software for trading..


  5. CB Says:
    June 1st, 2009
    Posted at: 3:51 pm

    Hi DM, Due to the stock split recently I do not have enought data to check it out technically.. not sure if there is some news surrounding it.. it has strong support at 28-30


  6. RANA Says:
    June 1st, 2009
    Posted at: 3:54 pm

    THANKS CB,
    I MEAN RS/DOLLER RATE WOULD ALSO ADD IN MKT STATS SO WE GUESS ABT INFLO
    AND OUTFLO OF DOLLER.


  7. DM Says:
    June 1st, 2009
    Posted at: 3:55 pm

    THANKS A LOT CB
    YOUR EDUCOMP CALL IS ROCKING NOW... LOOKING FORWARD FOR MORE... :)


  8. Vinay Kariappa Says:
    June 1st, 2009
    Posted at: 3:58 pm

    CB any suggestion on Dena Bank i bought 300 @56.15


  9. chaitanya Says:
    June 1st, 2009
    Posted at: 4:05 pm

    HI Cb, what about rolta. can u suggest a target in this week. It closed high today. pls comment on unitech too.


  10. prasad Says:
    June 1st, 2009
    Posted at: 4:06 pm

    what about hfcl and mrpl and indowind can i take this rate or not


  11. prasad Says:
    June 1st, 2009
    Posted at: 4:07 pm

    accion cont what is the target


  12. Kartheek Says:
    June 1st, 2009
    Posted at: 4:08 pm

    Hi Viti,

    RACE LITE is web-paged, and it will logout frequently, very slow & unfit for intraday.
    For intraday and LIVE value updates choose RACE PRO in religare only.
    RACE PRO costs 500 extra, need to instal s/w on your PC.
    General Religare account has brokerage 5P intraday, 50P deliveries.
    Go for Trump Plus scheme in Religare 2500/- need to pay. brokerage 2.5P intraday, 25P deliveries. Dont worry, 2500/- is compeltely refund to your account with in 6months.
    I'm using and doing intraday about 6-10 Lakh a day.
    Hope the above info answers all of your questions....

    Thanks Kartheek


  13. Eesha Says:
    June 1st, 2009
    Posted at: 4:17 pm

    Hi CB,

    I am actually so angry with myself today. I had bought Rolta at 122 and sqaured it at 122.80 and then Suz at 105 and squared it at 105.75.

    I am not able to understand the market scenario and fear is ahead of the greed in me nowadays. In this chakkar I am losing a lot when you look at the values in addition to the brokerages.

    What to do? Any strategy please. I wanted to mint and make money. Here all my jama pooji will get over in such foolishnesses.


  14. Akash Says:
    June 1st, 2009
    Posted at: 4:18 pm

    Hi CB. Unitech closed above 92. Can we expect 100 tomorrow?


  15. Eesha Says:
    June 1st, 2009
    Posted at: 4:24 pm

    Hi Kartheek,

    Any strategies to sustain in this soooooo very flexi-market. I appreciate your views you have put forth to help the trading community.

    And by disclosing this I am really amazed as to the possibility of these gains as I am yet juvenile in this field.


  16. CB Says:
    June 1st, 2009
    Posted at: 4:27 pm

    Hi RANA, ok..will have a word with the programmer

    Hi DM, most welcome

    Hi Vinay Kariappa, Hold it..it can touch 60

    Hi chaitanya, Rolta can see 140 and Unitech 97-100 in couple of days

    Hi prasad, MRPL can be bought.. not sure about others

    Hi prasad, it can see 38 in short term

    Hi Kartheek, Trump plus looks good since they will refund the money back to you. ask them for Odin software for trading

    Hi Eesha, if we panic in pressure we wont be able to earn money.. dont think of intraday.. if you have bought a stock tell your self not to sell it unless it gives me profit.. this attitude will help you make good money over a period of time..

    Hi Akash, yes..its possible

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