Intraday calls for 12-12-08

Quotes with Resistance & Support

Market Information

Intraday calls for 12-12-08

Posted on: December 12th, 2008 at 9:27 am

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Nifty will see a gap down opening.
Nifty has very strong support at 2850-2860.. If we break this level on the downside then the current rally most probably would be over. All holding long positions and short term delivery stocks please keep an eye on this level and stoploss at 2850.

If Nifty holds 2850 today, buy: Balaji Telefilms and HDIL. If does not hold then short sell: Axis bank and SAIL.

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164 Responses

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Tipguru Says:
December 12th, 2008
Posted at: 9:34 am
Around what price shall i buy balajee?
CB Says:
December 12th, 2008
Posted at: 9:35 am
Hi Tipguru, Wait for 15-20 min after market opening.. If we hold 2850 buy around 70-75..
srv Says:
December 12th, 2008
Posted at: 9:40 am
hi !! cb welcome!
what will be the down side & upside taget for hdil?
CB Says:
December 12th, 2008
Posted at: 9:43 am
Hi srv, Good morning.. If Nifty does not hold support levels it could come back to 85-90 levels.. keep a stoploss of 2850
Ganesh Says:
December 12th, 2008
Posted at: 9:50 am
Hi CB, how do you rate Reliance Industries today ? Can you please share your thoughts