Quotes with Resistance & Support
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Intraday calls for 05-10-12

Posted on: October 5th, 2012 at 8:23 am

Markets likely to open higher, support for nifty is at 5740 (closing basis)

Buy Prestige Estates at 144, Target: 150, SL 139 – (SL triggered in Prestige estates. )

11.28am – Sell SBI at 2306, target: 2285. Stoploss: 2325

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955 Responses

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  1. Jack Says:
    October 5th, 2012
    Posted at: 8:28 pm

    Hi kb trader, Hi CB, Taking short position in HINDALCO, because it struggles to brake 200dma since so many times is it right? sl is 128 on closing basis.


  2. Aabha Says:
    October 5th, 2012
    Posted at: 8:29 pm

    Hi bullguy, I am expecting it coz FIIs will pump money only till the liquidity is high...also for a sustained rally, fundamentals have to be good too...current rally is not really based on fundamentals. Its just FIIs puting more and more money, which they will withdraw anytime now. and also the govt reforms are still not really operative. Real rally will be seen once they are processed and actual impact is seen on businesses...

    All said, i am not an expert, the experts will give you a better explanation i think...Refer to above post by Being Human Sir.


  3. Sona Says:
    October 5th, 2012
    Posted at: 8:31 pm

    Hi Aabha, thanks aabha...gudnite


  4. Jack Says:
    October 5th, 2012
    Posted at: 8:32 pm

    Hi bullguy, Are u from karnataka?


  5. Aabha Says:
    October 5th, 2012
    Posted at: 8:36 pm

    Hi kb trader, Have been wanting to ask you , are you a Daniel Craig fan?


  6. Aabha Says:
    October 5th, 2012
    Posted at: 8:38 pm

    Hi Sona, Good Night Dear!


  7. bullguy Says:
    October 5th, 2012
    Posted at: 8:41 pm

    Hi Aabha but some experts saying 6000 mark is possible for this series, i am getting confuse whom do i believe?


  8. cvrprakash Says:
    October 5th, 2012
    Posted at: 8:54 pm

    Dear CB,

    Is CIPLA can be bought now? Using every dip in this?
    How you rate entering pharma now? In that do you go for CIPLA or any other better bet?

    Thanks.


  9. Be!ng Human Says:
    October 5th, 2012
    Posted at: 9:01 pm

    Hi raj, In this democratic India and THROUGH OUT THE ENTIRE WORLD, people believe:
    Everyone has the right to freedom of opinion and expression, this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers. Nobody has right to forbid one from doing so. One should be able to share his/her ideas also with people from any other country. Do each of the newspapers have a different perspective or do they present the story in more or less the same way? Why do you think that is? Now pick an international news story and answer the same questions. You get it in right way. Please be with patience and see what happens after all just today we entered into the stock-market war-field [Bulls vs Bears]?

    Hi bullguy, No idea abt solution for what happened in the morning.
    The exchange will be conducting mock-trading session to test the system performance in the Currency Derivatives and Futures & Options (F&O) segments on Saturday, October 6, 2012 in two separate circulars as per my knowledge, Check the timings in below link,
    http://www.moneycontrol.com/news/market-news/nse-to-conduct-special-trading-sessionoct-6_764025.html
    Please take CB's opinion before following.

    Hi Ravichandran, Good evening, Happy weekend too..

    Hi Aabha, Not sure of Oct expiry levels. Just shared my view in my previous post. Many analysts from CNBC and some other TV channels blindly recommending the people to buy long positions right now and determining the targets like 6200,6500 without stating the proper reasons with examples and I wonder why? Markets are in strong bullish trend, I absolutely agree but this resumes after a reasonable correction. Market has been hovering around over-bought zone since some days and a steep correction of 200 is imminent. Yes I do agree that market will spikes up to highs in particularly at over-bought zones but watch the time period in which nifty is been trading in this over-bought range and it's unlikely to hold for some more time as this happens very rarely [the same thing happened in between 22/12/2011---20/02/2012 in charts]. Sooner or later markets gets into corrective-phase. Let's hope for the best. GN.


  10. Munna Says:
    October 5th, 2012
    Posted at: 9:03 pm

    Hi Aabha, Thanks for the info. I do trade in F & O only..


  11. Be!ng Human Says:
    October 5th, 2012
    Posted at: 9:08 pm

    Hi CB, My [very important piece of information/advice to Raj] and regular normal replies to Bull guy, Ravi and Aabha in spam. Plz kindly approve them. Thank u.


  12. Jack Says:
    October 5th, 2012
    Posted at: 9:18 pm

    Hi Be!ng Human, Taking short position in HINDALCO, because it struggles to brake 200dma since so many times is it right? sl is 128 on closing basis.


  13. Kartik Says:
    October 5th, 2012
    Posted at: 9:19 pm

    Hi pradip, yes, can see some profit booking, upto 82

    Hi raj, there was a error in the trading soft, here's some more info on it: http://nseguide.com/market-news/nifty-crashes-800-pts-during-trading-hours-nse-blames-broker-for-bad-orders/

    Hi kb trader, GE

    Hi Munna, there's no real trading, its just mock trading to test systems

    Hi Ravichandran, thanks, same to you

    Hi ng, please try now

    Hi cvrprakash, CIPLA can be entered for short term with a SL at 360 (strong support), Pharma stocks usually move higher in weak/ flat Markets


  14. amit Says:
    October 5th, 2012
    Posted at: 9:28 pm
  15. Hi Kartik, Thanks..

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