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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. anshul Says:
    February 5th, 2010
    Posted at: 8:39 am

    Hi,

    I have Suzlon and Unitech @ 78.5, Mercator at 64, JP @ 145, Punj @ 191, what shall I do? Shall I sell them off, to purchase again at lower levels or wait for some time. I have no rush and can wait for some time, if markets are expected to recover.


  2. CB Says:
    February 5th, 2010
    Posted at: 8:40 am

    Hi anshul, as of now hold onto them..keep them for a months time..some recovery is likely


  3. CB Says:
    February 5th, 2010
    Posted at: 8:41 am

    Hi br, yes. hold it.


  4. anshul Says:
    February 5th, 2010
    Posted at: 8:41 am

    thanks for your expert advise.


  5. mathangi Says:
    February 5th, 2010
    Posted at: 8:43 am

    can I go short on nifty today CB?


  6. CB Says:
    February 5th, 2010
    Posted at: 8:45 am

    Hi anshul, most welcome

    Hi mathangi, no, dont go short after the gap down opening.


  7. tuffmoney Says:
    February 5th, 2010
    Posted at: 8:45 am

    hi cb,


    when should i exit my 470 put today? should i go long at which point?


  8. CB Says:
    February 5th, 2010
    Posted at: 8:47 am

    Hi tuffmoney, dont go long yet. hold it with sl at 4750 after opening.


  9. nisha Says:
    February 5th, 2010
    Posted at: 8:47 am

    in what rate we buy Torrent Pharmaceuticals Ltd??


  10. CB Says:
    February 5th, 2010
    Posted at: 8:48 am

    Hi nisha, it has good support around 440-442.. buy if it comes down by 5-6rs.


  11. ASHIM Says:
    February 5th, 2010
    Posted at: 8:48 am

    Hi,..CB..good morning...CB I brought every shere when nifty was above 5250 so now I am.........please tell about how much time tifty get to reach 5300..u thing.....


  12. CB Says:
    February 5th, 2010
    Posted at: 8:48 am

    Hi Chandrika, Good morning. hold it for 2-3 days.. dont go short after the gap down opening..


  13. Subhashis Bhattacharyya Says:
    February 5th, 2010
    Posted at: 8:48 am

    Aj to market ka band baj jayega, lekhin hum ko lag raha hai recovery sharp aaye ga


  14. Dhritiman Sanyal Says:
    February 5th, 2010
    Posted at: 8:49 am

    Dear CB,

    Got a call to short JSW Steel and Bhushan Steel? Can this be pulled off?

    Warm Regards,

    DS


  15. CB Says:
    February 5th, 2010
    Posted at: 8:49 am

    Hi ASHIM, it might take some time..as of now facing global issues we may consolidate in this range for some time. if possible avg them on dips


  16. CB Says:
    February 5th, 2010
    Posted at: 8:50 am

    Hi Subhashis Bhattacharyya, yes, some recovery may come in later

    Hi Dhritiman Sanyal, they will open gap down..dont go short at opening.

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