Quotes with Resistance & Support
Market Information

Intraday calls for 11-12-09

Posted on: December 11th, 2009 at 9:12 am

Markets likely to open positive. Resistance for nifty is at 5160-5180. Support is at 5080

Buy Electrosteel Castings Ltd at 46, target: 48.50. Stoploss: 44.90
Buy Ind-Swift Laboratories Ltd at 76.65, target: 80. Stoploss: 74

Update: Markets likely to take queues from the IIP data which will be out at 12pm

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622 Responses

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  1. R Sathyamurthy Says:
    December 11th, 2009
    Posted at: 12:11 pm

    HI CB,

    What is your view of Divis Lab can it hit Rs.700+ in futures? Also kindly tell me about Bharat Forge. I hold both in Futures.


  2. Anil Says:
    December 11th, 2009
    Posted at: 12:11 pm

    CB,

    Shall i average 5000 PE?


  3. dineshknp Says:
    December 11th, 2009
    Posted at: 12:11 pm

    hi, cb wat abt. raincom? bought at 222.50 now 214.35? today where to sq.off?


  4. mohu Says:
    December 11th, 2009
    Posted at: 12:11 pm

    sorry Mr.CB
    bought 5200 CE @ 86.00 hold or exit?


  5. mani Says:
    December 11th, 2009
    Posted at: 12:12 pm

    i am holding 5000put should i exit now ?


  6. CB Says:
    December 11th, 2009
    Posted at: 12:12 pm

    Hi chandu, would advice to exit for now and buy again if it trades above 5180 for 5 min

    Hi tushar, hold it for some time.

    Hi preeti, yes, hold onto them.. should do well

    Hi malick, keep strict sl and hold onto it.

    Hi RajeshM, not yet


  7. sanzy Says:
    December 11th, 2009
    Posted at: 12:13 pm

    can i buy L&T now


  8. RajeshM Says:
    December 11th, 2009
    Posted at: 12:13 pm

    is it ok to short ICICI bank /


  9. sabir Says:
    December 11th, 2009
    Posted at: 12:13 pm

    Chirag bhai,

    What should be the strategy now. Shall I average my nifty puts or wait. Mkts crossed 5180 and then suddenly fell due to less IIP nos than analysts expectations.


  10. mohu Says:
    December 11th, 2009
    Posted at: 12:14 pm

    Mr .CB
    bought 5200 CE @ 86 hold or exit or avarge?


  11. chandu Says:
    December 11th, 2009
    Posted at: 12:15 pm

    cb nifty sell kardu kya loss book karu


  12. DS Says:
    December 11th, 2009
    Posted at: 12:16 pm

    Dear CB,

    Why the panic selling?Bad IIP data is it?Any good value picks to buy?


    Warm Regards,

    DS


  13. swapna Says:
    December 11th, 2009
    Posted at: 12:17 pm

    hi cb, can i hold ind - swift?


  14. Amit Says:
    December 11th, 2009
    Posted at: 12:17 pm

    Hi CB
    will market recover later in the day??? have got stuck in intraday many stocks..should i book loss and exit or wait till close???


  15. RUTHWIK Says:
    December 11th, 2009
    Posted at: 12:18 pm

    CB
    can I sell bal chini now ?my purchase rate is 144.and also jp bought at 228, can I book profit now?pls suggest


  16. CB Says:
    December 11th, 2009
    Posted at: 12:18 pm

    Hi mani, hold it

    Hi mohu, exit from it for now

    Hi sanzy, not yet

    Hi Anil, no

    Hi R Sathyamurthy, yes, it looks good. not sure of bharat forge

    Hi RajeshM, not yet

    Hi sabir, hold them. dont avg

    Hi chandu, try and exit it on rise for now. selling pressure is coming in

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