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

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

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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  1. CB Says:
    December 12th, 2008
    Posted at: 10:17 am

    Hi RAJESH, Hold Punj.. don't buy RNRL yet..


  2. prasad Says:
    December 12th, 2008
    Posted at: 10:18 am

    Good Morning....................CB.......


  3. Ganesh Says:
    December 12th, 2008
    Posted at: 10:18 am

    Hi CB, can I short AXISBANK..?


  4. Ranga Says:
    December 12th, 2008
    Posted at: 10:18 am

    toold HDIL at 103.3, what will be the target and sop los ?? Thanks


  5. Ranga Says:
    December 12th, 2008
    Posted at: 10:20 am

    sorry, I took at 103.3 HDIL


  6. CB Says:
    December 12th, 2008
    Posted at: 10:20 am

    Hi prasad, Good morning..

    Hi Ganesh, As of now markets have halted around 2830.. don't go short now..

    Hi Ranga, stoploss is 100. can touch 107-108


  7. prasad Says:
    December 12th, 2008
    Posted at: 10:24 am

    Hi CB any intraday call?


  8. CB Says:
    December 12th, 2008
    Posted at: 10:25 am

    Hi prasad, As of now HDIL buy it around 103.. can touch 107..


  9. MT Says:
    December 12th, 2008
    Posted at: 10:27 am

    will mkt bounce or after iip downside


  10. prasad Says:
    December 12th, 2008
    Posted at: 10:28 am

    what abt nifty................... going down or up.............


  11. CB Says:
    December 12th, 2008
    Posted at: 10:29 am

    Hi MT, I am not sure.. As of now Nifty seems to be holding 2820-2830..


  12. MT Says:
    December 12th, 2008
    Posted at: 10:30 am

    wht's iip expectation


  13. serenity Says:
    December 12th, 2008
    Posted at: 10:31 am

    Hi CB, does Zee news look good enough to buy at present level ( short term)?


  14. CB Says:
    December 12th, 2008
    Posted at: 10:31 am

    Hi CB, As of now I am really not sure.. Technically 2820 is intraday support.


  15. Ranga Says:
    December 12th, 2008
    Posted at: 10:33 am

    took CAIRN at 149.7, Is that okay ?


  16. CB Says:
    December 12th, 2008
    Posted at: 10:35 am

    Hi MT, It is expected to be slightly lower.. lets see..

    Hi serenity, Zee news has resistance at 34 (its 50 day EMA).. its a buy above 34..

    Hi Ranga, yes, its ok.. Crude is showing strength..

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