Quotes with Resistance & Support
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Intraday calls for 16-11-11

Posted on: November 16th, 2011 at 5:30 am

Markets likely to open flat/ slightly higher. Resistance for nifty is at 5140.

If markets show weakness later during the day, sell: Reliance communications

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192 Responses

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  1. CB Says:
    November 16th, 2011
    Posted at: 11:40 pm

    Hi ramesh kumar, yes, if nifty is unable to cross 5120-5130 for day or 2 one can enter a pe. go with a 5000 pe rather than a 4700


  2. nithin2009 Says:
    November 16th, 2011
    Posted at: 11:46 pm

    cb...will welspun corp falls more...iam in huge loss...pls also comment on sintex ind at cmp for medium term...


  3. amit Says:
    November 17th, 2011
    Posted at: 12:02 am

    what is the futre of bfutiliti in next 4 mnth.i hav 480 shres@720


  4. deepak Says:
    November 17th, 2011
    Posted at: 12:05 am

    hi kartik, thanks but what did u mean by a defensive bet ?


  5. Abdullah Says:
    November 17th, 2011
    Posted at: 12:29 am

    Hi CB, Kartik, Just look at this 10 min chart of Crude. Also look at the slow stochastic. $101.40 levels can be good supp. Your thoughts plz. Overall looks scary as India is a major importer of crude. See this link:
    http://i43.tinypic.com/w0j04.png


  6. Wasey Says:
    November 17th, 2011
    Posted at: 12:59 am

    Hi CB,
    Which companies in large and midcap would earn more profit if dollar becomes expensive?
    Please give few names in both the categories.
    Thanks!


  7. Rise Says:
    November 17th, 2011
    Posted at: 1:02 am

    still sir hw much tym dey myt take.?


  8. richa Says:
    November 17th, 2011
    Posted at: 1:18 am

    Hi CB.. i am holding bharti 380 put and tata motors 170 put..
    your advice on both the counters would be really appreciated..

    thanks


  9. CB Says:
    November 17th, 2011
    Posted at: 1:28 am

    Hi nithin2009, yes, looks weak. could correct if markets remain weak. don't add more of it yet. don't invest in sintex yet. looks weak.

    Hi amit, it has strong support at 400-430 levels. if holds onto it in short term, can head upto 500

    Hi deepak, usually these stocks perform well even when markets are in a downtrend

    Hi Abdullah, yes.. crude is at good support levels. seems could rally a bit from here. lets see

    Hi Wasey, usually IT companies do well

    Hi Rise, depends on when markets improve a bit. as of now these are a hold. don't add more yet

    Hi richa, yes, continue to hold these. below 396 can see 388. tata motors too looks weak.


  10. Rise Says:
    November 17th, 2011
    Posted at: 1:35 am

    sir will tomm market open?


  11. DJ Says:
    November 17th, 2011
    Posted at: 1:41 am

    Hey Cb
    crude is up more than 3%,where do u c nifty tmrw,even if it opens high anyhow???


  12. CB Says:
    November 17th, 2011
    Posted at: 5:43 am

    Hi Rise, yes.

    Hi DJ, lets see. as of now seems may open a bit higher. resistance at 5130


  13. SB Says:
    November 17th, 2011
    Posted at: 7:45 am

    Hi CB, Nope bhai , I think market likely to open a bit lower !


  14. SB Says:
    November 17th, 2011
    Posted at: 7:48 am

    Hi CB, SGX is lower , - 72
    Dow Ind av = -192 points down ,
    Dow fututures +ve !
    l

    Market trend - ve with global cues :

    Short traders can keep a aStoploss @ 5150


  15. Kartik Says:
    November 17th, 2011
    Posted at: 8:41 am

    Hi SB, GM, thanks for the udpate

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