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Intraday calls for 10-12-09

Posted on: December 10th, 2009 at 9:19 am

Markets likely to see a flat opening. Intraday support for nifty is at 5090 and resistance at 5160

Buy Texmaco Ltd at 141.65, target: 149. Stoploss: 137
Buy Lakshmi Energy & Foods Ltd at 147.15, target: 154. Stoploss: 142

Trade in small quantities considering market volatility. As I am updating these calls Asian markets are seeing some selling pressure. In case nifty sees a gap down opening, buy these stocks on dips with adjusted stoplosses.

Update: After Dubai, financial crises seems to be spreading in Greece and Spain

2.15pm – intraday cum btst – buy indusind bank in small quantity at cmp 146.80 target: 153. stoploss: 143

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676 Responses

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  1. Anil Says:
    December 10th, 2009
    Posted at: 2:21 pm

    CB,

    ANDHRA MPs are ready to resign hence there is danger to central govt. Will it effect markets???


  2. preeti Says:
    December 10th, 2009
    Posted at: 2:24 pm

    Hi zooooo, guess u r right..
    CB advsd to buy abv 5160 and shrt below 5090..
    looks lk now in "no activity" zone


  3. CB Says:
    December 10th, 2009
    Posted at: 2:24 pm

    Hi Anil, not really sure. till now it does not seem to effect the markets


  4. Simmi Says:
    December 10th, 2009
    Posted at: 2:25 pm

    Hi CB ,

    I have bought Mic electronics@43 (Moved up smartly just now :)) , Balrampur chini@141, Idea Cellular@60, Indusind bank@146 comment/TGt


  5. Anil Says:
    December 10th, 2009
    Posted at: 2:25 pm

    90 MLAs from AP resigned from all the parties. Congress govt is in danget.......


  6. Ankush Says:
    December 10th, 2009
    Posted at: 2:26 pm

    Hi CB,

    Buy Garwallrop @ 69 Tgt 110 in 2 months - call given by my broker. Whats your opinion on this?


  7. preeti Says:
    December 10th, 2009
    Posted at: 2:26 pm

    Hi CB, wil texmaco reach 152 nytime soon..m holding at 145


  8. Simmi Says:
    December 10th, 2009
    Posted at: 2:27 pm

    I have bot all of them today


  9. CB Says:
    December 10th, 2009
    Posted at: 2:28 pm

    Hi zooooo, hold onto it

    Hi Simmi, continue to hold onto them..they can add 5%

    Hi Anil, thanks for the info

    Hi Ankush, technically it looks good but let nifty cross 5160 then buy some.


  10. zooooo Says:
    December 10th, 2009
    Posted at: 2:28 pm

    Hi CB, bank weakness over?


  11. Angana Says:
    December 10th, 2009
    Posted at: 2:29 pm

    Hi CB, can DLF touch 400 today?


  12. Anil Says:
    December 10th, 2009
    Posted at: 2:29 pm

    Latest News.....

    38 MPs from ANDHRA are submitting resignations to speekar.


  13. sailaja Says:
    December 10th, 2009
    Posted at: 2:29 pm

    I have IFCI@57/-. Please give me the Target and Time Frame to hold.


  14. ac Says:
    December 10th, 2009
    Posted at: 2:30 pm

    hi cb what point do u think nifty will close today?


  15. Anil Says:
    December 10th, 2009
    Posted at: 2:31 pm

    CB,

    Pls advise some call options to hedge mu puts as market is going up day by day..


  16. CB Says:
    December 10th, 2009
    Posted at: 2:31 pm

    Hi preeti, yes, hold it for 1-2 days

    Hi Simmi, ok. hold them for 1-2 days

    Hi Angana, not sure yet

    Hi zooooo, not sure.. but markets are not doing much

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