Quotes with Resistance & Support
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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. Kartik Says:
    December 11th, 2009
    Posted at: 7:29 pm

    Hi Akila, thanks and same to you

    Hi maneesh, yes, keep a SL at 70, target: 82

    Hi suzane, it can do well in the coming days if markets mover up since its a market mover, keep a SL at 335(in cash) and hold it, dont add more as of now

    Hi pralhad, yes, hold it


  2. pankaj Says:
    December 11th, 2009
    Posted at: 7:44 pm

    Cox & Kings had a good listing today. Can i buy it for short term, in case u see further upside in it ?? thanx.


  3. lanka Says:
    December 11th, 2009
    Posted at: 7:52 pm

    hi kartik bhai can u see 70 in idea in this month its rsi is 88 in overbought position can u see some correction or consolidation can i book profits at this level and short for some downside plz suggest what to do its 200 dma is 65 & then 69 resistance its 150 dma


  4. ramsingh Says:
    December 11th, 2009
    Posted at: 7:56 pm

    Hai Kartik!
    What is ur opinion about Avon Organics.What is the price target and we have buy next week.


  5. lanka Says:
    December 11th, 2009
    Posted at: 8:05 pm

    hi kartik any penny stock which u see a multibagger in coming period plz suggest


  6. S . Bhattacharya Says:
    December 11th, 2009
    Posted at: 8:11 pm

    today buy TAKE SOLUTION 5000 nos @ 32.75 . Do you think it will give profit within short term , Also suggest Stop loss for the above scipt .


  7. Kartik Says:
    December 11th, 2009
    Posted at: 9:02 pm

    Hi pankaj, its a strong company fundamentally, but it could be a risky bet to enter at its entry levels, wait for a week or so before investing in it

    Hi lanka, book 50% profits in it as of now, and hold the rest for some more days, to be on the safe side

    Hi ramsingh, dont enter it, they company is not soo strong fundamentally

    Hi lanka, Confidence petro and BGIL can do well

    Hi S . Bhattacharya, hold it for Short term it can do well, keep a SL at 29 levels


  8. Abhinav Jain Says:
    December 11th, 2009
    Posted at: 9:26 pm

    OPINION WANTED: Is PENTAMEDIA GRAPHICS LTD. worth investing in? How do the future prospects look like?


  9. shyla Says:
    December 11th, 2009
    Posted at: 10:01 pm

    hi karthik, today ind swift lab could not reached the target, but i feel the company is good, the pe ratio , profitablty and all others things are also ok, so i decided to hold it for a short or mid term . what is your opinion? then what is the target for short and mid term ?


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

    IIP Numbers - I would like to know how many times in a year IIP numbers come and after what intervals? Ex: Today was the day for IIP, when will be next ?


  11. ashish pradhan Says:
    December 11th, 2009
    Posted at: 10:37 pm

    Hello Karthik,,
    M holding guj nre 600shares @65,,,shuld i hold or exit on monday


  12. Kartik Says:
    December 11th, 2009
    Posted at: 11:05 pm

    Hi Abhinav Jain, no, the company is not so strong fundamentally, dont invest in it

    Hi shyla, yes, its a strong bet for Short term, it can see 95+ levels in 2-3 months time

    Hi ashish pradhan, try holding it for Short term, its a sound company fundamentally and can do well


  13. Kartik Says:
    December 11th, 2009
    Posted at: 11:08 pm

    Hi PBB, Index of Industrial Production (IIP) in simplest terms is index which details out the growth of various sectors in an economy. E.g. Indian IIP will focus on sectors like mining, electricity, Manufacturing & General. Also base year needs to be decided on the basis of which all the index figures would be arrived at. In case of India the base year has been fixed at 1993-94 hence the same would be equivalent to 100 Points. It comes monthly..

    The October numbers for the Index of Industrial Production (IIP) came in today. The IIP grew by 10.3% since last October.


  14. anish Says:
    December 11th, 2009
    Posted at: 11:40 pm

    hi kartik? can i buy tripple bottom stock for short term? whcich is good ? tripple bottom or double bottom?


  15. ashish pradhan Says:
    December 12th, 2009
    Posted at: 12:41 am

    thnx karthik :)


  16. CB Says:
    December 12th, 2009
    Posted at: 2:14 am

    Hi ashish pradhan, Keep sl at 61 and hold it

    Hi anish, go with triple bottom..they usually show a good bounce


    Hi ashish pradhan, most welcome.

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