Quotes with Resistance & Support
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Intraday calls for 01-12-08

Posted on: December 1st, 2008 at 9:24 am

Markets likely to open flat.
Buy Cairn India for a target of 146. Stoploss: 140.

If markets see selling/profit booking later during the day, short sell: Voltas.

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72 Responses

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  1. CB Says:
    December 1st, 2008
    Posted at: 11:00 am

    Hi Vaibhav Wavade, No.. don't go short until markets show signs of profit booking or shorts being triggered..


  2. ranga Says:
    December 1st, 2008
    Posted at: 11:08 am

    Hello CB, I have SBIN, what will be the target to sell this.
    Thanks.


  3. CB Says:
    December 1st, 2008
    Posted at: 11:12 am

    Hi ranga, above 1121-1125 it could move up to 1135-1140.. Do keep a trailing stoploss..


  4. tarun Says:
    December 1st, 2008
    Posted at: 11:21 am

    Hi CB,
    wat abt sesa goa, will it rise


  5. CB Says:
    December 1st, 2008
    Posted at: 11:27 am

    Hi tarun, in intraday it has resistance at 77-77.50.. above that it will see a good upmove..


  6. ranga Says:
    December 1st, 2008
    Posted at: 11:30 am

    what to do with TataMotors, I have it at 141Rs. shall I book loss or wait for short term. I can wait can book loss also. now it is 137.

    Thanks


  7. CB Says:
    December 1st, 2008
    Posted at: 11:33 am

    Hi ranga, Tata motors is a hold as of now.. In the short term it could touch 150.


  8. sri Says:
    December 1st, 2008
    Posted at: 11:48 am

    hi CB, how about suzlon energy present price is RS 42.40,what will be short term target for this...


  9. Divyesh Says:
    December 1st, 2008
    Posted at: 11:49 am

    Hi CB i am holding onmobile @ 515 of 20 shares kindly advise should hold or sale


  10. vipin Says:
    December 1st, 2008
    Posted at: 11:51 am

    HI CB,

    can we buy nifty at 2800 levels..


  11. CB Says:
    December 1st, 2008
    Posted at: 11:57 am

    Hi sri, No, I would not buy Suzlon at cmp.. It is looking weak.. If markets correct further it could come down to 35 levels.. buy it on dips..

    Hi Divyesh, Onmobile is fundamentally a strong company.. it has been posting good results and is expected to do well.. I would advice to average the stock on dips around 200 and hold it for long term..

    Hi vipin, Not sure.. If has some support at 2780-2790.. Lets wait for some time..


  12. Divyesh Says:
    December 1st, 2008
    Posted at: 12:00 pm

    Hi CB what is your openion on holding stock like IFCI,ISPAT,IDBI,RCOM,RELIANCE,TATASTEEL,TATA COMM, SBIN all stock purchase at the time sensex 12000-11000 at the moment it is heavy loss (advise should hold any stock or sale)


  13. Divyesh Says:
    December 1st, 2008
    Posted at: 12:03 pm

    Can we invest in RNRL & RPL for avarage the old stock or wait for some time


  14. srini Says:
    December 1st, 2008
    Posted at: 12:05 pm

    Hi CB any fresh calls??


  15. CB Says:
    December 1st, 2008
    Posted at: 12:08 pm

    Hi srini, buy Reliance Capital target 480. cmp: 461


  16. CB Says:
    December 1st, 2008
    Posted at: 12:10 pm

    Hi Divyesh, I would advice to hold them for long term.. no point in selling stocks at such low prices. if possible average them at lower levels.. Don't invest in RPL and RNRL as of now..

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