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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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Comment pages: 34567891011Show all

  1. prince Says:
    December 12th, 2008
    Posted at: 11:33 am

    sir iip data at which time expected to come


  2. CB Says:
    December 12th, 2008
    Posted at: 11:35 am

    Hi chirag, Could touch 282..


  3. CB Says:
    December 12th, 2008
    Posted at: 11:36 am

    Hi Ranga and Prince, they should be out shortly..


  4. dheeraj Says:
    December 12th, 2008
    Posted at: 11:36 am

    hi cb what about 2day mktit will be + or -


  5. CB Says:
    December 12th, 2008
    Posted at: 11:37 am

    Hi dheeraj, maybe some recovery..


  6. prasad Says:
    December 12th, 2008
    Posted at: 11:41 am

    HI CB

    When IIP numbers decleard.............


  7. CB Says:
    December 12th, 2008
    Posted at: 11:43 am

    Hi prasad, expected to be out shortly.


  8. Divyesh Says:
    December 12th, 2008
    Posted at: 11:44 am

    Hi CB can you please advise at what rate should buy the icici bank


  9. CB Says:
    December 12th, 2008
    Posted at: 11:47 am

    Hi Divyesh, around 380..


  10. srini Says:
    December 12th, 2008
    Posted at: 11:51 am

    HI cb,any calls at present??


  11. CB Says:
    December 12th, 2008
    Posted at: 11:53 am

    Hi srini, no..as of now none .


  12. Madhu Says:
    December 12th, 2008
    Posted at: 12:01 pm

    Hi CB,
    I have shorted icici @ 390 upto what price it can reach today..


  13. Ranga Says:
    December 12th, 2008
    Posted at: 12:01 pm

    iip IS NOT GOOD, WHAT TO DO, CAN i SELL HDIL AND SHOR ON RELINFRA ?


  14. kinjal Says:
    December 12th, 2008
    Posted at: 12:02 pm

    HDIL at 101.9..shall i still hold?


  15. rohit Says:
    December 12th, 2008
    Posted at: 12:02 pm

    any cals??


  16. CB Says:
    December 12th, 2008
    Posted at: 12:04 pm

    Hi Madhu, It can touch 381.

    Hi Ranga, Rel infra is seeing good buying.. don't go short on it. infact market have recovered from the initial jerk down. .

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