Quotes with Resistance & Support
Market Information

Intraday calls for 08-08-14

Posted on: August 8th, 2014 at 8:31 am

Markets likely to open gap down. Support for nifty is at 7610.

Sell REC below 298, target: 288. Stoploss: 304 – (Book profit in REC ltd at 289.80)

Thought for the day: A single sunbeam is enough to drive away many shadows -St. Francis of Assisi

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395 Responses

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  1. vishal Says:
    August 9th, 2014
    Posted at: 8:04 pm

    CB, finally i have taken a long position in this market for the short term(7-10 days). After squaring up my shorts n Friday, i bought 2 lots of Larsen@ 1446, what should be my short term target for the stock, since its deeply oversold, I am expecting a price of 1550 in 7-10 days. Please advice. Thanks.


  2. debashis in patna Says:
    August 9th, 2014
    Posted at: 8:49 pm

    your view on godrej ind,adani power,dena bank,eicher motors after q1 results for monday


  3. vishal Says:
    August 9th, 2014
    Posted at: 9:59 pm

    Forgot to mention that ultimately i would like to short this market once again at higher levels.


  4. CB Says:
    August 9th, 2014
    Posted at: 10:57 pm

    Hi chinu, it has resistance at 40 levels. above this can head upto 46

    Hi roy, its a hold with sl at 57.80 for now. can test 63 again

    Hi vishal, it can bounce back from here if markets improve a bit. keep sl near 1430

    Hi debashis in patna, as of now seems these may open a bit higher. avoid fresh longs in these for now


  5. ravi Says:
    August 9th, 2014
    Posted at: 11:13 pm

    Hi CB sir, As expecting nifty spot 7450-7500 level. I am holding 7700 put. what should i do when market open higher on monday>? sell on open or to hold


  6. CB Says:
    August 9th, 2014
    Posted at: 11:36 pm

    Hi ravi, its a hold for now. keep sl near 7610 (if trades above this level for few min)


  7. Prem Says:
    August 9th, 2014
    Posted at: 11:54 pm

    Hi CB,
    If market goes up on monday which 2 stocks is best bet for intraday from the below:
    SUNDRMFAST
    SUNTV
    APLAPOLLO


  8. CB Says:
    August 10th, 2014
    Posted at: 12:42 am

    Hi Prem, sundram fastners looks better


  9. Taj Says:
    August 10th, 2014
    Posted at: 9:47 am

    Gm cb sir, Nasdaq up and why our market fall from high, our market response on news follow but Nasdaq up, so what should we expect this weak in nifty


  10. bAsU Says:
    August 10th, 2014
    Posted at: 10:08 am

    gm,
    can YES BANK be bought for intraday on CMP for monday?? if not, at what price should be entered??


  11. CB Says:
    August 10th, 2014
    Posted at: 10:27 am

    Hi bAsU, no, dont enter it yet. is going a bit weak. has some support at 500

    Hi Taj, Good morning. possible opens a bit positive on monday. avoid fresh longs for now.


  12. Taj Says:
    August 10th, 2014
    Posted at: 12:03 pm

    Ga holding nifty 7400 pe and 7700 ce. Where to exit and
    Pe hold Aur book loss


  13. CB Says:
    August 10th, 2014
    Posted at: 12:19 pm

    Hi Taj, Good evening. these are a hold for now. for ce keep sl at 7540. try and exit on rise near 7600-7610. pe is a hold for now.


  14. shailendra Says:
    August 10th, 2014
    Posted at: 1:07 pm

    cb covered shorts @7567 and now long in market.. pls suggest


  15. shreeux Says:
    August 10th, 2014
    Posted at: 1:10 pm

    Hi, CB.,

    A2Z Maintenance and Engineering @ 35...Now 25.15.

    Bajaj Electricals @ 348....Now 270.

    3i Infotech @ 12.56...Now 8.7.

    What to do ?
    What level can i add more...?
    How long will wait ?


  16. TradeWarrior Says:
    August 10th, 2014
    Posted at: 2:01 pm

    !! Happy Raksha Bandhan to All !!

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