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Intraday calls for 16-04-09

Posted on: April 16th, 2009 at 9:17 am

Buy Hindustan Construction for a target of 64-66. Stoploss: 58
Buy Reliance Infrastructure for a target of 740. Stoploss: 700

if markets show weakness later during the day, short sell: Reliance Industries.

Sensex has resistance at 11650. This is 50% retracement from the previous fall from 15600-7700. One can look at booking profits at higher levels. Markets have run up a lot and we might see some correction in coming days.

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227 Responses

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  1. harshad Says:
    April 16th, 2009
    Posted at: 9:39 am

    what is the best hit of the day


  2. CB Says:
    April 16th, 2009
    Posted at: 9:39 am

    Hi RAJUGHURU, its news driven.. it could see some more downside..


  3. CB Says:
    April 16th, 2009
    Posted at: 9:39 am

    Hi harshad, Rel infra looks good..


  4. Deepak Says:
    April 16th, 2009
    Posted at: 9:40 am

    Good Morning CB

    There was a News of Stock split in Akruti. Is is postive for the stock ?. How long do you think the stock will hit lower circuit.

    Regards
    Deepak


  5. Raj Says:
    April 16th, 2009
    Posted at: 9:40 am

    GM CB, pls advise me on Praj industeries suzlon and TATA steel holding from long time


  6. ASHOK Says:
    April 16th, 2009
    Posted at: 9:40 am

    CB GOODMORNING
    I PURCHASED RNRL SHARE @61/- WHAT WE TODAY PLS GIVE ME ADVICE.


  7. CB Says:
    April 16th, 2009
    Posted at: 9:43 am

    Hi Deepak, not sure when that news came in.. it might be positive..will have to wait and see

    Hi Raj, if you are in profits, book profits.. if bought at higher levels them hold them for another 2-3 months..

    Hi ASHOK, it can touch 63 today.. it has resistance at 65 above this it can touch 72


  8. Sujay Says:
    April 16th, 2009
    Posted at: 9:45 am

    GM CB,

    can we short something today ?


  9. vamsi Says:
    April 16th, 2009
    Posted at: 9:47 am

    Hi CB, any buy tips for intraday ?


  10. CB Says:
    April 16th, 2009
    Posted at: 9:47 am

    Hi Sujay, no..don't go short unless we see signs of profit booking..


  11. CB Says:
    April 16th, 2009
    Posted at: 9:47 am

    Hi vamsi, Buy HCC.. it can touch 65


  12. Sujay Says:
    April 16th, 2009
    Posted at: 9:47 am

    Sorry CB,

    Ignore my question, page had not refreshed and I did not see the same questions asked before :)


  13. Harvinder Says:
    April 16th, 2009
    Posted at: 9:48 am

    Can i buy exide india for intraday?


  14. harshad Says:
    April 16th, 2009
    Posted at: 9:48 am

    how is NOSPLANT


  15. CB Says:
    April 16th, 2009
    Posted at: 9:49 am

    Hi Sujay, no issues buddy..

    Hi Harvinder, not sure about it..

    Hi harshad, no idea..


  16. shah Viral Says:
    April 16th, 2009
    Posted at: 9:50 am

    Kalindee Rail Opinions............
    it is a 200 target Now 117

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