Quotes with Resistance & Support
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Intraday calls for 06-08-10

Posted on: August 6th, 2010 at 8:23 am

Markets likely to open slightly lower. Support for nifty is at 5390 and resistance at 5480

On Intraday dips buy: SKF India around 558-560 with stoploss at 548

Trade in small quantity.

9.05am – buy Phoenix mills at 237, target: 243. Stoploss: 230. – (Book profits at 242-243)

1.44pm – Intraday cum btst – buy GTL infra at 47.60, target: 49.50. Stoploss 45.50. – (If holding in cash, book partial profits at 48.40)

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689 Responses

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  1. VEERU Says:
    August 6th, 2010
    Posted at: 2:07 pm

    cb sir why this ibfin ser is going so down today is there any bad news about this stock


  2. CB Says:
    August 6th, 2010
    Posted at: 2:08 pm

    Hi VEERU, seeing some selling pressure. has strong support at 162-163. hold it.


  3. Suresh M Says:
    August 6th, 2010
    Posted at: 2:08 pm

    Thanks cb,can i exit suranacorp and gspl @ 115 level and will i get an opportunity to re eneter suranacorp on dips?


  4. CB Says:
    August 6th, 2010
    Posted at: 2:09 pm

    Hi Suresh M, yes.


  5. sanzy Says:
    August 6th, 2010
    Posted at: 2:09 pm

    your views on RelInfra


  6. CB Says:
    August 6th, 2010
    Posted at: 2:10 pm

    Hi sanzy, if markets remain good can see 1140. as of now markets are not really doing much


  7. Meena Says:
    August 6th, 2010
    Posted at: 2:10 pm

    Hello CB,

    Gud Noon. As per yr guidance invested 10k each in IOB & Dhampur Sugar.
    Hope to recover some of my losses. Can I exit DCM bought @72/ @ CMP.
    Pl suggest.


  8. Akshay Says:
    August 6th, 2010
    Posted at: 2:11 pm

    Hi cb guruji,bot gtl infra [email protected]?


  9. CB Says:
    August 6th, 2010
    Posted at: 2:11 pm

    Hi Meena, Good afternoon. yes, book profits in dcm for now.

    Hi Akshay, ok. hold it.


  10. rameshb Says:
    August 6th, 2010
    Posted at: 2:12 pm

    how long to hold hmt


  11. ajit Says:
    August 6th, 2010
    Posted at: 2:15 pm

    i sold tcs
    can i buy again


  12. VEERU Says:
    August 6th, 2010
    Posted at: 2:16 pm

    Hi CB,thanks cb


  13. ajit Says:
    August 6th, 2010
    Posted at: 2:17 pm

    what stock is moving fast


  14. rafi Says:
    August 6th, 2010
    Posted at: 2:18 pm

    hai cb,u miss my query about magnum ventures..i have [email protected] rs. advice me about stop loss


  15. CB Says:
    August 6th, 2010
    Posted at: 2:22 pm

    Hi rameshb, hold it for a weeks time

    Hi ajit, not yet

    Hi VEERU, most welcome

    Hi ajit, as of now not sure of any

    Hi rafi, its a hold. can see 16 in med term. looks good.


  16. Reddy Says:
    August 6th, 2010
    Posted at: 2:22 pm

    Hi CB,

    Why IFCI went down suddenly, will it bounce back?

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