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. Akila Says:
    December 11th, 2009
    Posted at: 1:39 pm

    Cox n kings gr8 listing...going gr8.... on such a volatile and uncertain day..


  2. Venkat Says:
    December 11th, 2009
    Posted at: 1:39 pm

    Hi CB, I was going through the JP Morgan and HSBC report, even though the median of IIP was expected 12% the growth of 10.3% was not definitely bad.. it seems. Also the report on White goods is encouraging as demand was very good from the last qtr.


  3. sunil Says:
    December 11th, 2009
    Posted at: 1:40 pm

    should i cover my short on nifty shorted @ 5060


  4. ARIJIT DAS Says:
    December 11th, 2009
    Posted at: 1:41 pm

    Hi cb,
    can i go for sail 210 ca dec series?


  5. RajeshM Says:
    December 11th, 2009
    Posted at: 1:41 pm

    hi Venkat, you are right... it is just that immediate response of the market is based on expectation and sentiment !


  6. CB Says:
    December 11th, 2009
    Posted at: 1:42 pm

    Hi Shah Viral, around 120

    Hi Yusuf, if nifty breaks 5100 again exit from it for now.


  7. preeti Says:
    December 11th, 2009
    Posted at: 1:42 pm

    Hi CB, wht do u thnk abt jagran prakashan..holdn at 122..whts the upside andtime frame..thanks


  8. ASHOK69 Says:
    December 11th, 2009
    Posted at: 1:42 pm

    shall i sell fiem ind, which I bought at 117, and buy andhra bank at cmp


  9. TARUN Says:
    December 11th, 2009
    Posted at: 1:43 pm

    Hi CB,

    If nifty does not touch 5050 today, are there good chances of it touching 5050 in 1-2 days.
    and with less IIP Data, the chances of nifty touching 5200 are reduced or not ??
    Thanks


  10. preeti Says:
    December 11th, 2009
    Posted at: 1:44 pm

    Hi Akila,thanx :)


  11. CB Says:
    December 11th, 2009
    Posted at: 1:45 pm

    Hi Murali, not yet. wait for some time

    Hi RajeshM, yes, hold them. they are strong bets

    Hi Akila, yes..

    Hi ARIJIT DAS, not yet

    Hi preeti, above 126 it can see 137


  12. niranjan Says:
    December 11th, 2009
    Posted at: 1:47 pm

    hi cb
    am holding indusind what shall i do


  13. Murali Says:
    December 11th, 2009
    Posted at: 1:47 pm

    HI CB what's view on idea???


  14. CB Says:
    December 11th, 2009
    Posted at: 1:47 pm

    Hi ASHOK69, no. hold onto it..its also a good bet

    Hi TARUN, yes.. 5200 seems unlikely for now


  15. Anil Says:
    December 11th, 2009
    Posted at: 1:47 pm

    CB,

    How is TATASTEEL looking?? Can i add some more puts??


  16. lanka Says:
    December 11th, 2009
    Posted at: 1:48 pm

    hi cb can i short idea fut @ 58 it can add 19% open interest on down side its rsi can reach 82 levels plz advise u and told stop loss with targets

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