Quotes with Resistance & Support
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Intraday calls for 09-12-10

Posted on: December 9th, 2010 at 8:33 am

Markets likely to open flat

Buy ICICI Bank at 1105, Target: 1120-1125, SL 1088 – (book profits at 1120)

11.07am – buy dlf 300 call at 8.75 target: 12. Stoploss 280 – (continue to hold it till tomorrow)

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645 Responses

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  1. SubhagGhosh Says:
    December 10th, 2010
    Posted at: 12:34 am

    Nifty has got max oi at 6000 call and 5700 put. The range in nifty is comming around 5700 - 6000.

    Nifty has got strong support at 5670, market movement will depend on tomarrow IIP data and global cue.

    Yesterday I have given recomendation in case of downside the market may touch 5740, was hit intraday.

    I have posted the recomendation on nseguide as well as on Http://niftyfutureandoption.blogspot.com/.

    If IIP data is good, the market may see some recovery, the target on upside will be 5878 (wed low)/ 5939 (tue low).

    If IIP data goes wrong the market may correct upto 5349 ( 31 Aug 2010, low) in comming days, which is most unlikely.

    Any feedback and recomendation is highly appreciated.

    Thanks and Regards.
    Subhag Ghosh
    [email protected]


  2. arun bj Says:
    December 10th, 2010
    Posted at: 12:46 am

    thanks kartik . . . I ll watch that price


  3. Trade4444 Says:
    December 10th, 2010
    Posted at: 12:53 am

    Dear Karthik,
    Yesterday I saw Streaming Charts in your website with a red hyperlink.
    I am not able to see that link now.


  4. CB Says:
    December 10th, 2010
    Posted at: 1:38 am

    Hi SubhagGhosh, thanks for the detailed update

    Hi arun bj, ok

    Hi Trade4444, yes. its www.chartink.com . site was down today due to system related issues.


  5. zishan Says:
    December 10th, 2010
    Posted at: 7:39 am

    Nagarjuna fert @ its 52week low.... is there still chances??


  6. CB Says:
    December 10th, 2010
    Posted at: 7:41 am

    Hi zishan, yes, strong support at 26-27 levels. can expect some bounce from here.


  7. zishan Says:
    December 10th, 2010
    Posted at: 7:42 am

    what is IIP data?


  8. CB Says:
    December 10th, 2010
    Posted at: 7:58 am

    Hi zishan, its ""Index of Industrial Production" hope this helps: http://www.mospi.gov.in/mospi_iip.htm


  9. ajit Says:
    December 10th, 2010
    Posted at: 8:02 am

    hi CB
    can i buy put today


  10. ajit Says:
    December 10th, 2010
    Posted at: 8:15 am

    please can i buy put today


  11. CB Says:
    December 10th, 2010
    Posted at: 8:20 am

    Hi ajit, Good morning. no, not yet. lets wait for a small bounce to enter a put.


  12. Maksymas Says:
    December 10th, 2010
    Posted at: 8:27 am

    Hi CB, I guess LIC ll bounce back in the initial stage of the market.. what do you think?


  13. CB Says:
    December 10th, 2010
    Posted at: 8:28 am

    Hi Maksymas, yes, can see a small bounce.


  14. Maksymas Says:
    December 10th, 2010
    Posted at: 8:29 am

    What is your pick for the intraday today?


  15. CB Says:
    December 10th, 2010
    Posted at: 8:30 am

    Hi Maksymas, M&M looks good. near support levels.

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