Quotes with Resistance & Support
Market Information

Intraday calls for 16-03-12

Posted on: March 16th, 2012 at 8:24 am

Markets likely to open flat. Support for nifty is at 5350.

Buy Pipavav Defence (NSE: PIPAVAVDOC) at 80.80, target: 83.20. Stoploss: 78 – (Book profit in Pipavav at 83)

1.14pm – Buy Bharat Forge at 334.90, target: 345. Stoploss: 328. (1-2 day hold) – (SL triggered in Bharat forge)

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475 Responses

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  1. SS Says:
    March 16th, 2012
    Posted at: 1:25 pm

    Hi Kb Trader,
    Any News on Cairn ? It's sinking


  2. CB Says:
    March 16th, 2012
    Posted at: 1:26 pm

    Hi SS, no, dont see any news yet.


  3. vinod Says:
    March 16th, 2012
    Posted at: 1:26 pm

    CB what shal i do with GVK bought for intraday @ 19


  4. Kb Trader Says:
    March 16th, 2012
    Posted at: 1:27 pm

    Hi SAI, ha ha .. :)


  5. RAVS Says:
    March 16th, 2012
    Posted at: 1:27 pm

    Hi CB, Holding 5500 put at 140. Should I exit or hold


  6. CB Says:
    March 16th, 2012
    Posted at: 1:28 pm

    Hi vinod, possible to hold for 1-2 days? if intraday,try and exit on bounce near 18.60


  7. CB Says:
    March 16th, 2012
    Posted at: 1:28 pm

    Hi RAVS, yes, hold with sl at 5450


  8. RohitC Says:
    March 16th, 2012
    Posted at: 1:28 pm

    * FICCI says that objective of putting economy on growth track not met in the Budget.

    * Maruti to hike prices immediately:

    Reacting after hike in excise duty on cars in the Union Budget, India's leading car manufactures Maruti says that it will increase car prices immediately.


  9. RAVS Says:
    March 16th, 2012
    Posted at: 1:30 pm

    Thanks CB, But is the budget good for market or bad


  10. Kb Trader Says:
    March 16th, 2012
    Posted at: 1:31 pm

    Hi Shivaprashanth, will take time to move..


  11. sudhir Says:
    March 16th, 2012
    Posted at: 1:31 pm

    Hi CB,
    I have IDFC puts so can i hold it or exit ?


  12. CB Says:
    March 16th, 2012
    Posted at: 1:31 pm

    Hi RohitC, thanks for the update

    Hi RAVS, seems to be good.


  13. CB Says:
    March 16th, 2012
    Posted at: 1:32 pm

    Hi sudhir, its a hold strong resistance at 150-*152


  14. vinod Says:
    March 16th, 2012
    Posted at: 1:32 pm

    ok CB thank you


  15. RAVS Says:
    March 16th, 2012
    Posted at: 1:33 pm

    So should I exit 5500 put CB


  16. CB Says:
    March 16th, 2012
    Posted at: 1:35 pm

    Hi vinod, most welcome

    Hi RAVS, not yet. nifty is facing some resistance near 5420-5440

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