Quotes with Resistance & Support
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Intraday calls for 05-02-10

Posted on: February 5th, 2010 at 8:14 am

Markets likely to see a gap down opening.

If markets show some recovery later during the day, buy Torrent Pharmaceuticals Ltd – (Book profits at 462)

2.31pm – buy welspun gujarat at 247.50, target 253. sl 243 (trade in small quantities) – (if possible hold till Monday with strict sl at 243). Shares bought on 05-02-10 cannot be sold on 06-02-10

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677 Responses

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  1. CB Says:
    February 5th, 2010
    Posted at: 8:20 am

    Hi rashid, Good morining. no.. not with crude prices but will the dollar rates


  2. CB Says:
    February 5th, 2010
    Posted at: 8:20 am

    Hi ravikanth, yes, wait for a small bounce and exit it

    Hi rashid, does not seems so


  3. Texman Says:
    February 5th, 2010
    Posted at: 8:24 am

    Just joined in, What is gap down and gap up opening... should i sell stock or buy stock during such openings


  4. ravikanth Says:
    February 5th, 2010
    Posted at: 8:26 am

    sir nifty seems 2 break 4750 level na sir........


  5. CB Says:
    February 5th, 2010
    Posted at: 8:27 am

    Hi Texman, it means nifty will open lower.. 80-100 points..one can buy stocks on dips


    Hi ravikanth, yes. seems so.. sgx is suggesting a open near 4720


  6. Anjali Says:
    February 5th, 2010
    Posted at: 8:29 am

    HI CB.......GOOD MORNING.......EXPECT NIFTY WOULD TOUCH 4650 LEVEL......U R VIEW PLS...


  7. ameekur Says:
    February 5th, 2010
    Posted at: 8:30 am

    Hi CB, wat level on nifty to start buying


  8. bitto Says:
    February 5th, 2010
    Posted at: 8:31 am

    Hi Cb, What lower levels can we see in NIFTY, Can I sell NMDC, TATA Motors, Nucleus soft, amaraja battery? Do you think these will recover and give good profits in next 2-3 months?
    Can I buy Punj lyyod, Jp ass, JSPL, hindalco in todays fall?


  9. mathangi Says:
    February 5th, 2010
    Posted at: 8:32 am

    Good Morning CB..how about mindtree today..global markets are heavily falling..


  10. psbarani Says:
    February 5th, 2010
    Posted at: 8:34 am

    Cb,sir Good morning.Yesterday we saw nifty again pulled down by bears. Techincally charts says
    nifty is trying to sustain at current level. Today we may see down side in
    the opening. 4801-4757 is the main support for nifty. If close bleow 4801
    then it may create panic upto 4713 to 4531 and if nifty close above 4966
    then very quickly 5094 and more. See our weekly report we told market may
    try to sustain or consolidate and see it is heppening. Remain neutral in
    market wait for right time to take entry.

    INTRADAY NIFTY SUPPORT 4757-4713 AND RESISTANCE 4873

    NIFTY FUTURE(4934)
    Buy above 4856
    Sell below 4801


  11. CB Says:
    February 5th, 2010
    Posted at: 8:34 am

    Hi Anjali, Good morning.. yes, if global queues continue to remain weak

    Hi ameekur, around 4700 enter in small quantities

    Hi bitto, yes, continue to hold onto them for med term..they will do well

    Hi mathangi, yes. it may open a bit lower.let see. some recovery is likely later


  12. CB Says:
    February 5th, 2010
    Posted at: 8:35 am

    Hi ASri, wait for some bounce after opening and exit it

    Hi psbarani, thanks..


  13. sanzy Says:
    February 5th, 2010
    Posted at: 8:36 am

    i'm holding 4900CE @ 100 wat to do sir...


  14. ajay Says:
    February 5th, 2010
    Posted at: 8:37 am

    Guru,

    I was having 1 lot punjlloyd future. Is it advisable to sell it in opening and then cover it.

    Please advise me. I am in real tension. I am thinking to stay away from market as my bp is going high day by day!!! :)


  15. CB Says:
    February 5th, 2010
    Posted at: 8:37 am

    Hi sanzy, if nifty continues to trade below 4750 for some time after opening then would advice to exit for now.


  16. CB Says:
    February 5th, 2010
    Posted at: 8:38 am

    Hi ajay, dont sell at opening since its likely to open gap down..wait for a small bounce and then sell it. dont worry over a period of time markets will do well again.

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