Quotes with Resistance & Support
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Intraday calls for 15-09-10

Posted on: September 15th, 2010 at 8:23 am

Markets likely to see a flat opening. Support for nifty is at 5760 and resistance at 5840

Buy ITI Ltd at 47.50, target: 50. Stoploss: 45.50 – (SL triggered)

Trade in small quantities

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757 Responses

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  1. cvrprakash Says:
    September 15th, 2010
    Posted at: 5:21 pm

    Thanks CB for the update.
    At this level can you suggest any Bank and Sugar stock to enter? For 2-3 Months time frame.


  2. SunilRao Says:
    September 15th, 2010
    Posted at: 5:34 pm

    Hi Gitanjali, Most Welcome.
    Talking about "Taking few baby steps back, and a giant leap forward":

    This Giant Leap forward is only a baby step on a broader time-frame. If you remember the correction during Jan 2008 - Oct 2008, followed by consolidation upto Mar 2009. It was after that a major upmove was seen during Mar 2009 - Oct 2009. During this period the 200-day EMA was crossed in Apr 2009 and the markets moved from 2500 levels to 5200 levels. This was followed again by a period of consolidation upto Apr 2010 ranging between 4600 - 5400 levels. It was again in May 2010 when the markets bounced off the 200-day EMA which has resulted in this upmove and may not be complete yet.


  3. SunilRao Says:
    September 15th, 2010
    Posted at: 5:35 pm

    Good Evening CB :)


  4. Abdul Narayan D'Souza Says:
    September 15th, 2010
    Posted at: 5:40 pm

    Hi SunilRao,
    GE


  5. CB Says:
    September 15th, 2010
    Posted at: 5:44 pm

    Hi AR, risk will always be there. but tend to do better usually

    Hi animesh, hold them for some more time. likely to do well. dont add more of put yet.lets wait till outcome of the rbi meet tomorrow.

    Hi K.RAJKUMARREDDY, its a good bet. can double.


  6. CB Says:
    September 15th, 2010
    Posted at: 5:45 pm

    Hi cvrprakash, buy some of balrampur chini near 88-89. no other call yet


  7. SunilRao Says:
    September 15th, 2010
    Posted at: 5:46 pm

    Good Evening Abdul Narayan D'Souza :)


  8. Name (required) Says:
    September 15th, 2010
    Posted at: 6:15 pm

    IndiaCement (F) holding since 3 weeks for long @116.110. cmp 110.80....should exit better, CB?

    Tx...Jeffy


  9. CB Says:
    September 15th, 2010
    Posted at: 6:27 pm

    Hi Name (required), hold it. likely to recover back in short term.


  10. Gitanjali Says:
    September 15th, 2010
    Posted at: 6:32 pm

    Hi CB, Thanks CB .. sorry I worry u folks so much.
    Hi SunilRao,
    thanks again..for an indepth explanation of nfty 's move ... I feel like an half empty pot'.. basic knowledge I obviously lack ...initially wanted to invest some/part money from what I got from parents /grand parets[inheritance]
    The stocks I inherited , I had decided to part with .hence wanted to buy ..unfortunately ,at a wrong time ..
    Would like to know , if all is very favourable how much further will albk go plz?.[may be your earlier reply is missing - my email id may be the reason for that.
    Thanks a lot.


  11. yogesh Says:
    September 15th, 2010
    Posted at: 6:40 pm

    Hi Sunil Rao,Cb

    Any scipt for tumaro ??


  12. SunilRao Says:
    September 15th, 2010
    Posted at: 6:59 pm

    Technical Importance of Flash Trades:

    Most of us ignore flash trades as to have no technical value but I have been trying to study flash trades for some time now and have noted that flash trades have immense technical importance.

    1. Flash Trades hit highs / lows at major resistance / support levels.
    2. Flash Trades technically replace a major rally / decline / corrections / short-coverings.
    3. Flash Trades during opening where open and high are same, indicates some downside to be seen in near term.
    4. Flash Trades during opening where open and low are same, indicates some upside to be seen in near term.
    5. Flash Trades with a flash high intraday and a positive close, indicates some more upside to be seen in near term.
    6. Flash Trades with a flash high intraday and a negative close, indicates some more downside to be seen in near term.
    7. Flash Trades with a flash low intraday and a positive close, indicates some more upside to be seen in near term.
    8. Flash Trades with a flash low intraday and a negative close, indicates some more downside to be seen in near term.

    If any of you have any suggestions or remarks on this, pls reply me on this forum or mail me [email protected]


  13. S.MAHESH Says:
    September 15th, 2010
    Posted at: 7:02 pm

    GE


  14. S.MAHESH Says:
    September 15th, 2010
    Posted at: 7:04 pm

    My son's blog - http://angle-of-attack.blogspot.com/


  15. SunilRao Says:
    September 15th, 2010
    Posted at: 7:13 pm

    Hi Gitanjali, I regret the fact that, I had not visualised this till last thursday when Nifty closed above the range band on the daily chart @ 5640 and just short of 5650 on the weekly charts. I feel very lucky to have closed my Nifty shorts last thursday with minor losses and not keep any open positions till the direction of market was confirmed.

    As of now Nifty has strong resistance near 5900-5950 levels, 5920 on daily charts, 5940 on weekly charts, 5910 on monthly charts, so we may see some downside before 5900-50 is broken.


  16. CB Says:
    September 15th, 2010
    Posted at: 7:16 pm

    Hi Gitanjali, no issues.. always welcome

    Hi yogesh, no, nothing new yet..

    Hi SunilRao, thanks for the details

    Hi S.MAHESH, Good evening.. nice blog.

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