Quotes with Resistance & Support
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Intraday calls for 16-12-09

Posted on: December 16th, 2009 at 9:14 am

Markets likely to open flat. Nifty has resistance at 5060

Buy Spice Mobiles at 31.5, target: 33. Stoploss: 30.80
Buy Greenply Industries at 130.85, target: 137. Stoploss: 127.50

Trade in small quantity considering market weakness.

11.34pm – buy asian paints at cmp 1747 target 1770 sl 1737

3.05pm – btst- continue to hold asian paints with sl at 1758 for a target fo 1790-1800

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598 Responses

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  1. CB Says:
    December 17th, 2009
    Posted at: 8:41 am

    Hi lddgnz, yes. it will recover

    Hi Arun Kumar, no.. they are not available on odin

    Hi Subramania siva, yes

    Hi Chida, it can add 4-5rs. support is at 342.buy royal manor lower around 21.. it can see 30-34.


  2. Reddy Says:
    December 17th, 2009
    Posted at: 8:56 am

    Hi CB,

    Very Good Morning.


  3. CB Says:
    December 17th, 2009
    Posted at: 8:57 am

    Hi Reddy, Good morning.


  4. cool duchess Says:
    December 17th, 2009
    Posted at: 8:57 am

    Hi CB - what about 5000 put and nifty shorts? Hold or book loss? Thanks.


  5. CB Says:
    December 17th, 2009
    Posted at: 8:58 am

    Hi cool duchess, as of now they are a hold. keep sl at 5060


  6. shiva Says:
    December 17th, 2009
    Posted at: 9:12 am

    hi CB,

    Good morning..how can markets behave today?? if positive, will it be strength or short covering?


  7. Chandrika Says:
    December 17th, 2009
    Posted at: 9:15 am

    hi cB

    hOW MARKETS WILL OPEN? wHAT IS THE TARGET OF LITL TODAY?


  8. Divya Says:
    December 17th, 2009
    Posted at: 9:16 am

    CB, 5200 ce is at 32+, can i accumulate few lots ? for 31st dec expiry


  9. CB Says:
    December 17th, 2009
    Posted at: 9:18 am

    Hi shiva, likely to remain flat it seems

    Hi Chandrika, likely to remain flat. lanco has good support at 535. may see some bounce from here.


  10. CB Says:
    December 17th, 2009
    Posted at: 9:18 am

    Hi Divya, dont add more. for now hold with strict sl at 5000.


  11. shiva Says:
    December 17th, 2009
    Posted at: 9:21 am

    CB,

    can i add more prime if it comes to 215 levels??


  12. CB Says:
    December 17th, 2009
    Posted at: 9:22 am

    Hi shiva, no, dont add more.


  13. Radhika Says:
    December 17th, 2009
    Posted at: 9:28 am

    Hi CB, Good morning, any possibility for Orchid to bounce back to Rs.215. Yesterday I was planning to sell it in the opening, but there was a power outage and now I am at loss :(


  14. CB Says:
    December 17th, 2009
    Posted at: 9:29 am

    Hi Radhika, ok. hold it for 2-3 days. it saw profit booking yesterday and can see some bounce in couple of days.


  15. Akela Says:
    December 17th, 2009
    Posted at: 12:38 pm

    CB- I wanted your suggestion on Best eastern hotels. I asked you last week also about this. I am stuck in this. bought at 144. Now it is trading at 93.10. We cannot sell it also since it is hitting lower circuit. Please tell me still how much downside is left in this. will it recover in a months time at least. Please reply .

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