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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: 11:15 am

    Hi Divyesh, IIP numbers could do the trick,.. need to wait and see how they pan out..

    Hi rohit, no.. don't take fresh positions in intraday..lets wait till IIP numbers come in..

    Hi Raj, yep, hold it.. it can touch 66-68..

    Hi Ranga, I would advice to exit today..Crude is volatile..


  2. prasad Says:
    December 12th, 2008
    Posted at: 11:19 am

    Hi
    CB....

    market is steble ....................
    what is market trend......................


  3. Divyesh Says:
    December 12th, 2008
    Posted at: 11:20 am

    Hi Cb there is the news from the market can we invest in real estate like unitech and dlf due to housing loan interest rates are reduce


  4. CB Says:
    December 12th, 2008
    Posted at: 11:20 am

    Hi prasad, Depends on IIP numbers as of now.. If they are good an upmove can be expected else we go down..


  5. CB Says:
    December 12th, 2008
    Posted at: 11:22 am

    Hi Divyesh, yes, Due to the bailout package.. once declared, they may show an upmove for couple of days..


  6. chirag Says:
    December 12th, 2008
    Posted at: 11:24 am

    hi cb any call


  7. Ranga Says:
    December 12th, 2008
    Posted at: 11:25 am

    THANKS, BOOKED PROFIT OF 2 RS IN CAIRN


  8. CB Says:
    December 12th, 2008
    Posted at: 11:25 am

    Hi chirag, as of now none..


  9. CB Says:
    December 12th, 2008
    Posted at: 11:25 am

    Hi Ranga, ok..


  10. Ranga Says:
    December 12th, 2008
    Posted at: 11:26 am

    CHECK THE RELINFRA IF WE CAN SHORT SELL IT NOW ?


  11. prince Says:
    December 12th, 2008
    Posted at: 11:27 am

    sir what abt praj...and tell me the weakest a category stock to be shorted...


  12. rajnish kumar Says:
    December 12th, 2008
    Posted at: 11:29 am

    sir i have hdil @103.15 and ibullrealty @122. is there any chance to go up today


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

    Hi Ranga, wait till the IIP numbers are out.. Nifty may remain directionless till then..

    Hi prince, Praj has crossed its resistance level.. its not a short.. Don't go short now.. Wait for the IIP numbers to be out and then decide a trade..


  14. CB Says:
    December 12th, 2008
    Posted at: 11:30 am

    Hi rajnish kumar, yes, hold them..


  15. chirag Says:
    December 12th, 2008
    Posted at: 11:33 am

    hi cb plz tell me fast about m&m


  16. Ranga Says:
    December 12th, 2008
    Posted at: 11:33 am

    AT WHAT TIME THEWSE iip NUMBRES WILL COME GURU ?

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