Quotes with Resistance & Support
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Intraday calls for 12-08-09

Posted on: August 12th, 2009 at 9:22 am

Markets likely to see a gap down opening.

If markets show recovery later during the day, buy: Chambal fertilzers and GVK power.

Chambal fertilizers has strong support at 46.50-47.. Its near its 200 DMA of 46.80 and has made a double bottom at 47. Stock is also in oversold territory and may show a good bounce if markets see any recovery. keep a strict stoploss at 46.50. To view chart: Click here

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507 Responses

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  1. vk Says:
    August 12th, 2009
    Posted at: 3:48 pm

    should i buy jp associate at cmp ie 214... or wait for some dip..


  2. ganesh Says:
    August 12th, 2009
    Posted at: 3:56 pm

    hi CB... chambalfert has come down alot from june high. do u think it is a good time 2 buy for short term gains(around 30-40%)?


  3. Narayan Says:
    August 12th, 2009
    Posted at: 3:58 pm

    Cb,
    I hav been holding BILT 500@ 24..since some time now..
    Shud I avg out 500@20/ below 20....or shud I sell and buy later or hold it?


  4. Narayan Says:
    August 12th, 2009
    Posted at: 3:59 pm

    Also, TeledataIT [email protected]..
    CMP @ 6.7?
    Shud hold ?
    How s the company??


  5. Sri Says:
    August 12th, 2009
    Posted at: 4:00 pm

    Hi CB

    Wats the short term target for Excel and CHAMBAL.


  6. Narayan Says:
    August 12th, 2009
    Posted at: 4:00 pm

    Cb,
    What wud b the affect of this news on Axis Bnk..
    "India's Axis Bank to sell shares to founders "


  7. Narayan Says:
    August 12th, 2009
    Posted at: 4:05 pm

    Cb,
    Looking to buy Gayatri Sugar..CMp @ 8.56
    Shud Buy?


  8. Narayan Says:
    August 12th, 2009
    Posted at: 4:08 pm

    or shud I buy Andhra Sugars/Ugar Sugar Works?


  9. CB Says:
    August 12th, 2009
    Posted at: 4:09 pm

    Hi vk, buy some at cmp

    Hi ganesh, yes.. its at very strong support levels and is unlikely to break them.. buy some of it

    Hi Narayan, yes..avg it below 20 levels.. not sure of that news on axis.. wait for some dip to enter gayatri sugar

    Hi Sri, chambal can see 53. excel can add 10%


  10. manoj Says:
    August 12th, 2009
    Posted at: 4:13 pm

    HI CB WAT ABOUT EDSERV TMR CAN I SELL IT


  11. Kartheek Says:
    August 12th, 2009
    Posted at: 4:13 pm

    CB, will market fall this week?


  12. Narayan Says:
    August 12th, 2009
    Posted at: 4:15 pm

    Cb,
    shud I buy Andhra Sugars/Ugar Sugar Works as can't see much liquidity in Gayatri Sugar


  13. CB Says:
    August 12th, 2009
    Posted at: 4:30 pm

    Hi manoj, not sure about it

    Hi Kartheek, does not seem so..keep sl at 4350


    Hi Narayan, yes..enter them.. gayatri is a low volume stock


  14. Narayan Says:
    August 12th, 2009
    Posted at: 4:32 pm

    Cb,
    There is some gud news abt Sun Pharma...
    Shud enter for BTST..


  15. AR Says:
    August 12th, 2009
    Posted at: 4:53 pm

    Pls advice if its wise enough to invest some more amounts this week for short term profit?????????If yes then what are the stocks(buy price) and their targets along with the waiting period(days).......


  16. BAPU Says:
    August 12th, 2009
    Posted at: 4:55 pm

    Sir i have Everonn @338 and ACC @875 what to with those two stocks?
    target and stop loss for both these above stocks please?

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