Intraday calls for 02-12-10

Quotes with Resistance & Support

Market Information

Intraday calls for 02-12-10

Posted on: December 2nd, 2010 at 8:31 am

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Markets likely to open gap up, next resistance at 6080

Buy Glenmark Pharma at 363, Target: 368-370, SL 358 – (Book profits around 375)

12.00pm – buy sesa goa 300 put at 12.80 target: 16. Stoploss: 308-309 – (continue to hold till tomorrow)

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616 Responses

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Venkatagee Says:
December 2nd, 2010
Posted at: 9:31 pm
Hi CB
Do you think WIPRO can touch 450 tomorrow?
Kartik Says:
December 2nd, 2010
Posted at: 9:53 pm
Hi praveen, it can see around 420, hold it with a trailing SL at 390
Hi Venkatagee, it can see around 432 tomorrow
Hi SubhagGhosh, thanks
AT Says:
December 2nd, 2010
Posted at: 10:00 pm
Kartik,
US market seems to be very strong........me holding 2 lots of 5900 PE @ average of 102.....what should i do 2mrow? please advise
Kartik Says:
December 2nd, 2010
Posted at: 10:01 pm
Hi AT, we have rallied for 4 days now, likely to see some profit booking tomorrow, hold your some time, dont add more
AT Says:
December 2nd, 2010
Posted at: 10:04 pm
Thanks .....kartik
shrikanth Says:
December 2nd, 2010
Posted at: 10:06 pm
Hi CB, I have 2 questions.
1. When to book profit in Powergrid(alloted in IPO)
2. CAn we buy UTV SOFTWARE, HANUNG, Religare (Stocks in Uptrend) ?
Deepak Says:
December 2nd, 2010
Posted at: 10:08 pm
Hi Kartik,
SAIL making dark cloud pattern in EOD chart. Please confirm if it can be shorted.
KVR Says:
December 2nd, 2010
Posted at: 10:11 pm
Holding GNFC @134. Please advise.
smh Says:
December 2nd, 2010
Posted at: 10:18 pm
kartik woud like to know about can bank major 2 supports & 2 major resis for medium term, wud like to buy in 2-3 stages is it worth a buy
AJ Says:
December 2nd, 2010
Posted at: 10:21 pm
CB,
Based on some % on charts (which i never understand :P) how much can DB REALTY re-trace back....after its fall from 400+
Kartik Says:
December 2nd, 2010
Posted at: 10:28 pm
Hi AT, most welcome
Hi shrikanth, book profits in PowerGrid around 110, dont enter UTV SOFTWARE, HANUNG and Religare yet, you may enter Axis for Short term as of now
Hi Deepak, yes, you can go short below 180
Hi smh, it faces strong resistance at 800, support around 650
Hi AJ, another 10-15%
Hi KVR, hold it for Short term, it can see 150
suzane Says:
December 2nd, 2010
Posted at: 10:35 pm
Hi Kartik, why was selmcl up today ?? :P
i mean is it so promotor entered in it ? or any news or something else ??
Kartik Says:
December 2nd, 2010
Posted at: 10:38 pm
Hi suzane, its been a downtrend, saw a temporal bounce today, no news on it yet
suzane Says:
December 2nd, 2010
Posted at: 10:43 pm
Hi Kartik, okay ... at what point can we average now ??
krishh Says:
December 2nd, 2010
Posted at: 10:43 pm
hi CB
krishh Says:
December 2nd, 2010
Posted at: 10:46 pm
hi kartik what do u say about glaxo. i have 100 share at 2050