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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. Kartik Says:
    December 10th, 2009
    Posted at: 3:56 pm

    Hi fouzan, oh sorry, buy only if it manages to close above 1700, as 1700 acts as a major resistance for the stock


  2. friend Says:
    December 10th, 2009
    Posted at: 3:59 pm

    karthik regarding microinks cmp@629 you told exit 50 levels is it means 650levels
    please answer thanku


  3. pralhad Says:
    December 10th, 2009
    Posted at: 4:10 pm

    hello sir i m holding bombay dying @420.sir if hold it for 1 month then what will be target achived.plz mention clear price.


  4. mahadeva Says:
    December 10th, 2009
    Posted at: 4:15 pm

    is there any intraday shares for tomo?
    which one shall i buy for intraday?
    i am planning to buy satyam or escorts ?
    any suggestion ..


  5. Kartik Says:
    December 10th, 2009
    Posted at: 4:53 pm

    Hi friend, yes, 650 levels

    Hi pralhad, bombay dying is not so strong fundamentally, exit in on any rise

    Hi mahadeva, as of now none, shall let you know in some time


  6. Kartik Says:
    December 10th, 2009
    Posted at: 4:58 pm

    Hi moanto, they can add 10-20% in Short term, hold them


  7. Janki Says:
    December 10th, 2009
    Posted at: 5:00 pm

    Hi CB,
    Why has Lakshmi Energy & Foods Ltd jumped so much? Any specific reason?
    Thanks,
    Janki


  8. anand Says:
    December 10th, 2009
    Posted at: 5:01 pm

    Hi, shall we see an upmove in the market tommorrow? What can be the possible high in nifty?


  9. Kartik Says:
    December 10th, 2009
    Posted at: 5:02 pm

    Hi Janki, it faced resistance at 140 levels, it managed to trade above this level and gave a good breakout


  10. Kartik Says:
    December 10th, 2009
    Posted at: 5:03 pm

    Hi anand, depends on how Global markets open up, Nifty faces resistance at 5160 levels, above this we could see 5230 levels


  11. Janki Says:
    December 10th, 2009
    Posted at: 5:04 pm

    Hey kartik,
    Do you know why Lakshmi Energy & Foods Ltd jumped so much today? whats the reason behind this spike? Just curious to know...
    Appreciate the effort you guys put into this forum, its awesome!
    thanks,
    Janki


  12. Kartik Says:
    December 10th, 2009
    Posted at: 5:05 pm

    Hi Janki, thanks, just replied abobve


  13. Janki Says:
    December 10th, 2009
    Posted at: 5:05 pm

    ohh ok Thanks Kartik..


  14. moanto Says:
    December 10th, 2009
    Posted at: 5:19 pm

    Karthik,

    how does syndicate bank look for a 3-6 months period?


  15. Chandrika Says:
    December 10th, 2009
    Posted at: 5:21 pm

    HI Karthik

    what abt harrisonmalayalam and amtekauto


  16. moanto Says:
    December 10th, 2009
    Posted at: 5:23 pm

    Karthik,

    is it a good time to enter into Jaiprakash associates? i guess stocks become unstable post split and JP has come out with stock split of 2:1 post December 17

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