Quotes with Resistance & Support
Market Information

Intraday calls for 03-12-12

Posted on: December 3rd, 2012 at 8:31 am

Markets likely to open flat. Support for nifty is at 5790.

Buy Kernex Microsystems at 68.85, target: 73. Stoploss: 66.50 – (Exit from Kernext at 70.30)

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381 Responses

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  1. Paritosh Says:
    December 3rd, 2012
    Posted at: 3:45 pm

    Hi CB, ooh ok, i was looking for a long term penny stock which i can hold for a year or so, can you recommend anything?

    thanks for the view on nifty, its a breather (holding calls :P)


  2. Akash Says:
    December 3rd, 2012
    Posted at: 3:52 pm

    Hi CB, Ok. So I am holding it for 2+ target in this expiry. Wht target do u expect BTW? In 1-2 weeks?


  3. Prashant Says:
    December 3rd, 2012
    Posted at: 4:03 pm

    Sirji i m holding Canara bank Dec fut @ 464 long

    Please suggest whats short term target


  4. Sumit Says:
    December 3rd, 2012
    Posted at: 4:24 pm

    Hi YOGI Sir, did u get my email id thru CB Sir ? if yes can you please send me a test mail so that i can communicate with you thru email.
    Thanks
    Sumit


  5. Indu Says:
    December 3rd, 2012
    Posted at: 4:50 pm

    Hi CB Sir,

    I have few questions on Techincals, could you kindly answer these. Since, there are many technical indicators, I would like to limit my view only to those which are mostly used. My questions pertain to entering a stock for a short term period (say 1 to 3 weeks).

    1. If say a stock has a 20 Day SMA greater than 200 Day SMA or something like that, similarly is that the case to look for EMA as well?

    2. What should be the RSI percentage variation for the stock entry?

    3. Do we need to follow any other indicator apart from these, specifically when looking out for a stock for a limited time frame of 1 to 3 weeks.

    Thanks,
    Indu


  6. CB Says:
    December 3rd, 2012
    Posted at: 5:24 pm

    Hi Paritosh, :) ok. sure, can go with Jasch ind, jvl agro, ortin labs

    Hi Akash, yes, likely to test 2

    Hi Prashant, does look good. can test 475. hold onto it

    Hi Sumit, I have emailed you his id

    Hi Indu, sure. look for stocks making fresh 3-4 month highs with more than avg volumes. its best to enter stocks trading above 200dma/sma/ema. RSI could be above 30-40%


  7. Sumit Says:
    December 3rd, 2012
    Posted at: 5:41 pm

    Hi CB, Thank you CB Sir


  8. jakeer Says:
    December 3rd, 2012
    Posted at: 5:43 pm

    gudeveng CB..can i enter put of gmr infra?if yes which is better strike price 17.50 or 15


  9. SM Says:
    December 3rd, 2012
    Posted at: 5:46 pm

    Hi CB,Kartik, Good afternoon :)
    Hi Indu, Good afternoon. To add to CB's reply :
    1) Yes. The only difference being that EMA gives more weightage to recent data. Since you talked about short term, EMA should also do well
    2) There is no hard and fast rule as to RSI percentage variation. For stocks which have the history of high momentum and if you do not want to miss the beginning of that momentum, you can tweak the overbought level to 80 from 70. Similarly can reduce the oversold level to 20 from 30. Do a backtest if possible with different scrips and see which setting suit which scrip. But normally, default parameters should do well
    3) Normally these should do. But since you want to go for short term and want to ride momentum, you can think of using another momentum indicator/oscillator. When two momentum indicators are in harmony, you chance of winning in a trade increases


  10. jakeer Says:
    December 3rd, 2012
    Posted at: 5:52 pm

    gudeveng SM sir
    ..can i enter put of gmr infra?if yes which is better strike price 17.50 or 15


  11. CB Says:
    December 3rd, 2012
    Posted at: 5:57 pm

    Hi Sumit, most welcome

    Hi jakeer, does have resistanc at 20.50 levels. dont enter its pe yet. if markets remain strong, could test 20.50

    Hi SM, Good evening


  12. SM Says:
    December 3rd, 2012
    Posted at: 6:02 pm

    Hi jakeer, GE. No, not yet. Rising from the last 3 trading sessions. Let it show weakness and also keep a watch on 20.50. Resistance there. Lets see if it manages to break it or not. For now, better to wait


  13. Indu Says:
    December 3rd, 2012
    Posted at: 6:10 pm

    Thank you very much CB Sir.

    Hi SM Sir,

    Good evening. Thanks for the valuable information.

    Which other indicator/oscilliator, you suggest apart from the RSI momentum indicator?

    Basically, I'm looking for a short term trading period based on these technical indicators.

    Many Thanks,
    Indu.


  14. SM Says:
    December 3rd, 2012
    Posted at: 6:16 pm

    Hi Indu, You are welcome. You can also look at Bollinger Bands, Stochastic, Parabolic Stop and Reversal...


  15. WELL PLAN Says:
    December 3rd, 2012
    Posted at: 6:24 pm

    HI CB,Tech Mahindra Limited

    GOOD EVENING

    TECH MAHINDRA LTD/ OPEN HIGHER CLOSE 891.10,

    CAN I HOLD OR EXIT ON HIGHER SIDE

    COST @904 2 LOT F&O .

    TARGET & SUPPORT LEVEL PL.ADVICE


  16. WELL PLAN Says:
    December 3rd, 2012
    Posted at: 6:33 pm

    HI CB,

    ALL ARE BULLISH IN MID CAP STOCK FROM FRONT LINE STOCK

    POSSIBLE NIFTY WEAK PL. ADVICE

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