Quotes with Resistance & Support
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Intraday calls for 12-11-10

Posted on: November 12th, 2010 at 8:20 am

Markets likely to open a bit lower. Support for nifty is at 6150 and resistance at 6250

If markets show recovery later during the day, buy: Kalindee Rail Nirman.

Note, I have been out of town, will be online by noon

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562 Responses

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  1. bhart Says:
    November 12th, 2010
    Posted at: 10:20 pm

    hi cb, why educomp down today,results are not so bad


  2. Pr@$@nth Says:
    November 12th, 2010
    Posted at: 10:32 pm

  3. CB Says:
    November 12th, 2010
    Posted at: 10:35 pm

    Hi Tejas, yes. one can enter renuka in that case. yes, orchid did see some selling pressure with the markets

    Hi bhart, yes, did see selling pressure after the results. technically as of now has turned a bit weak. don't enter it yet.


  4. raj Says:
    November 12th, 2010
    Posted at: 10:39 pm

    CB should i then average renuka???


  5. Tejas Says:
    November 12th, 2010
    Posted at: 10:42 pm

    Hi CB, Ok thanks cb sir i will follow your sugesstion.. good night sweet dream


  6. CB Says:
    November 12th, 2010
    Posted at: 10:43 pm

    Hi Pr@$@nth, it has strong support at 570 (triple bottom). should see a good bounce from here.

    Hi raj, lets wait for couple of days and see how it reacts to its results. I have sent you an emai


  7. raj Says:
    November 12th, 2010
    Posted at: 10:50 pm

    thank you cb very much need to recover my loss before 5th of dec i have some commitments 70-80k..


  8. bhart Says:
    November 12th, 2010
    Posted at: 10:53 pm

    but i have 30@ 501 what to do now


  9. Dibyendu Says:
    November 12th, 2010
    Posted at: 11:18 pm

    Hi CB,

    Good to have you back.
    I am holding 500 each of DLF and UNIPHOS at 360 and 209.44 respectively. What is your advice on them.. how much time before they can possibly recover? Or should I square off before it goes down more?


  10. arun bj Says:
    November 12th, 2010
    Posted at: 11:19 pm

    cb how ll be monday market . Dow jones are deep red. . .


  11. CB Says:
    November 12th, 2010
    Posted at: 11:23 pm

    Hi raj, sure, lets hope for the best..

    Hi bhart, keep strict sl at 500 and hold for now. can see a small bounce upto 525. exit on rise


  12. Mayur Says:
    November 12th, 2010
    Posted at: 11:24 pm

    Sir ji.. yeh meri posting kissi rahul chopra ke naam se kaise aa rahi hai waha pe..????


  13. CB Says:
    November 12th, 2010
    Posted at: 11:29 pm

    Hi Dibyendu, thanks. Uniphos is near strong support levels. likely to recover back from here. dlf may take sometime to recover. real estate is not really seeing much of buying interest yet. we can add few more on dips

    Hi arun bj, yes, lets see how US markets close. possible opens a bit flat

    Hi Mayur, :) no.. have been with the family.. not really sure how. maybe someone posted with that name before and then was stored in the form


  14. Dibyendu Says:
    November 12th, 2010
    Posted at: 11:35 pm

    Hi CB, most welcome. :)
    It's always nice to see you here.. I'll continue to hold DLF then.. hope UNIPHOS recovers soon. I am also stuck with BAJAJHIND since last year holding 500 at 231.. :(
    But any chances of DLF recovering within a month or two? Is it worth holding onto it?


  15. nithin2009 Says:
    November 12th, 2010
    Posted at: 11:38 pm

    cb...do u foresee more selling in cmg days???any midcap stock having dwnside risk restricted???


  16. CB Says:
    November 12th, 2010
    Posted at: 11:54 pm

    Hi Mayur, :) thanks.. howz trading going on?

    Hi Dibyendu, thanks. yes. bajaj hind may take longer to recover. sugar space had been quiet since long and not yet recovered. hold it. if possible add few more on dips. fundamentally its a strong company

    Hi nithin2009, seems may test 6020 once. on dips one can add voltas for 1-2 months. its a good bet.

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