Quotes with Resistance & Support
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Intraday calls for 16-06-10

Posted on: June 16th, 2010 at 8:22 am

Markets likely to open slightly higher. Resistance for nifty is at 5250 and support at 5180.

Buy Zydus Wellness Ltd at 496.40, target: 510. Stoploss: 487
Buy Karur Vysya Bank Ltd at 529.95, target: 543. Stoploss: 520

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656 Responses

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  1. CB Says:
    June 16th, 2010
    Posted at: 8:49 am

    Hi sanzy, nifty can see 5250. if crosses it can add another 15-20 points. hold it with trailing sl for now.


  2. S.MAHESH Says:
    June 16th, 2010
    Posted at: 8:49 am

    GM,
    For compulsive traders who are ready to take RISK.
    INTRADAY CALL - for 16th, June, 2010.
    Short BPCL below 538, stop loss 541/544[has very strong R at 544/549], target - 527,520,518.
    Short HINDPETRO below 338, stop loss 342/347, [has very strong R at 352/354], target - 335,330,325.
    Nifty in up trend, best to go far delivery of fundamentally strong stocks.
    Below 4790 down trend will resume, till then up trend will remain intact.
    Nifty may take a pause 2 day for it is up from last 5 days, but it is heading towards 5400.


  3. LEO Says:
    June 16th, 2010
    Posted at: 8:50 am

    Ok CB,

    Next Res. lvl for Index - both


  4. ABHI Says:
    June 16th, 2010
    Posted at: 8:50 am

    ok cb will hold it as per ur advice again..
    but plz can u tell by when will it start rising and also what target can it see today?


  5. CB Says:
    June 16th, 2010
    Posted at: 8:51 am

    Hi LEO, around 5250


  6. sanzy Says:
    June 16th, 2010
    Posted at: 8:51 am

    thanks buddy...can i enter into 5200PE at 5260-70 levels


  7. CB Says:
    June 16th, 2010
    Posted at: 8:51 am

    Hi ABHI, today may remain flat. once markets start coming down and crude oil too, that is the time it may perform well


  8. CB Says:
    June 16th, 2010
    Posted at: 8:52 am

    Hi sanzy, depends on global queues. technically its a yes.


  9. Suresh M Says:
    June 16th, 2010
    Posted at: 8:53 am

    hi cb,
    Whats the target for kitply today?will it cross 7.60 level today?


  10. Milind Says:
    June 16th, 2010
    Posted at: 8:53 am

    Hi CB Sir,

    U missed my query


  11. CB Says:
    June 16th, 2010
    Posted at: 8:53 am

    Hi ABHI, in a weeks time

    Hi Suresh M, it can see 7.50


  12. tuff money Says:
    June 16th, 2010
    Posted at: 8:54 am

    hi cb,

    how does tatasteel look? closed above 20dma


  13. ram Says:
    June 16th, 2010
    Posted at: 8:54 am

    hi cb gm,why indian hotel,apollo tyres are down?wht are the tgt of these two stacks?


  14. CB Says:
    June 16th, 2010
    Posted at: 8:54 am

    Hi Milind, Good morning. indian info can be bought in small quantity. dont enter anant raj yet


  15. MK Says:
    June 16th, 2010
    Posted at: 8:55 am

    Hi CB,

    I have 600 share of spicejet, brought at 59.30. should i hold or sell..


  16. DS Says:
    June 16th, 2010
    Posted at: 8:55 am

    Dear CB,


    Can one enter into HDIL for Intraday?

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