Quotes with Resistance & Support
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Intraday calls for 06-03-09

Posted on: March 6th, 2009 at 9:32 am

Markets likely to open weak. Nifty has support at 2520-2540. It is likely we see a relief rally if we hold onto these levels.

Short sell: Alstom Projects at 251, target: 242. Stoploss: 256

If markets show recovery later during the day, buy Eveready Industries.

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110 Responses

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  1. CB Says:
    March 6th, 2009
    Posted at: 10:27 am

    Hi srv, no.. it looks weak.. could see more downside..


  2. amit Says:
    March 6th, 2009
    Posted at: 10:27 am

    Hi, is it good to buy geodesic as company said today they would be buy back 25% @ 75 rs CMP is 52.


  3. CB Says:
    March 6th, 2009
    Posted at: 10:29 am

    Hi amit, if buy is fiexed at 75 then the stock could move upto 65 levels.. it has some resistance at 54.. buy above 54


  4. TARUN Says:
    March 6th, 2009
    Posted at: 10:33 am

    is this rise temporary ???


  5. CB Says:
    March 6th, 2009
    Posted at: 10:33 am

    Hi TARUN, yes.. maybe couple of days.. a technical bounce..


  6. TARUN Says:
    March 6th, 2009
    Posted at: 10:34 am

    hi sir wat abt HDFC ??? y is it rising ???


  7. CB Says:
    March 6th, 2009
    Posted at: 10:36 am

    Hi TARUN, it is oversold.. could see a 70-100 points bounce if markets turn positive,


  8. Geetha Says:
    March 6th, 2009
    Posted at: 10:37 am

    can i intra trade kotak mahindra @ cmp


  9. CB Says:
    March 6th, 2009
    Posted at: 10:38 am

    Hi Geetha, yes, it can touch 224..


  10. Raj Says:
    March 6th, 2009
    Posted at: 10:38 am

    GM CB, can i buy ICICI for intraday @CMP ?


  11. CB Says:
    March 6th, 2009
    Posted at: 10:39 am

    Hi Raj, it looks extremely weak.. would be risky


  12. hilay Says:
    March 6th, 2009
    Posted at: 10:40 am

    hi CB, evinix @ 1.75? Can go for buy??? and anything for first source and icici today?
    will banks recover today?


  13. CB Says:
    March 6th, 2009
    Posted at: 10:43 am

    Hi hilay, not sure about banks recovery.. but could add 3-4% if markets recover.. buy Evinix in small quantity


  14. hitesh Says:
    March 6th, 2009
    Posted at: 10:48 am

    hi guys u all can buy put on nifty 2200 for next month when maket will give a smart really reason as we are expecting a major turn arround from budget but see when budget will come u will see the maket at 2000 level and 2200 in 5-6 trading sessions


  15. hitesh Says:
    March 6th, 2009
    Posted at: 10:49 am

    see guys u can book profit in nifty partially in 2555


  16. RAJESH SHENOI Says:
    March 6th, 2009
    Posted at: 10:51 am

    good morning cb and all

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