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Intraday calls for 16-12-11

Posted on: December 16th, 2011 at 8:16 am

Markets likely to open flat, support for Nifty at 4680

Buy Jyothy Laboratories at 158, Target: 163, SL 154

To view technical analysis of DLF, IDFC, JSW Steel & Nifty – Click here.

3.00pm – Nifty has broken strong support at 4680. Avoid fresh longs for now. Technically Nifty can head lower to 4550 in coming days with strong resistance now at 4720

3.11pm – Book profit in JSW short at 504

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511 Responses

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  1. Sourabh Says:
    December 16th, 2011
    Posted at: 1:36 pm

    Hi Sachin Shukla...
    where you post call?


  2. subramani Says:
    December 16th, 2011
    Posted at: 1:36 pm

    Hi i have axisbank 1000ce. what shall i do?


  3. rpq Says:
    December 16th, 2011
    Posted at: 1:36 pm

    hi nifty increasing with open intersest what it ment?


  4. CB Says:
    December 16th, 2011
    Posted at: 1:37 pm

    Hi Riya, book near 132

    Hi nishant, around 132

    Hi Ajay, most welcome

    Hi akr19, not really sure what is wrong with it. seems may take a while to recover

    Hi vishal, can short near 760-765

    Hi MUTHUKRISHNAN, yes, hold it. keep sl at 930. can expect a bounce upto 960

    Hi Ragu, can see 125 today

    Hi Ravi, yes, hold it for 2-3 days. likely to see some downside.


  5. akr19 Says:
    December 16th, 2011
    Posted at: 1:37 pm

    hi. CB. what problem in ARSS infra ihold At @200


  6. CB Says:
    December 16th, 2011
    Posted at: 1:38 pm

    Hi subramani, hold with sl at 930 for now

    Hi rpq, likely to see an upmove. hope this helps: http://nseguide.com/what-is-open-interest/ . at the bottom is a table which will help you understand.


  7. CB Says:
    December 16th, 2011
    Posted at: 1:39 pm

    Hi akr19, not really sure what is wrong with it. seems may take a while to recover


  8. Akash Says:
    December 16th, 2011
    Posted at: 1:41 pm

    Hi CB, Jyothy Lab is down badly and not even crossing above 160. Shud I buy Cox & Kings to cover loss if it can see 20% circuit. Already 18 Rs. up. Can we expect another 10-12 Rs. jump in C&K


  9. MUTHUKRISHNAN Says:
    December 16th, 2011
    Posted at: 1:42 pm

    Hi CB, Hello CB, i am not asking for intra day.... If I hold till expiry can it goes to 1020-1030 levels keeping SL@ 930,,, sir... Please advice me....


  10. Riya Says:
    December 16th, 2011
    Posted at: 1:42 pm

    @CB
    i put limit price 132.....if it will be executed then i will be very gr8ful and thank ful to u because it will be my 1st trade in whc i mad sum profit......


    thx alot


  11. CB Says:
    December 16th, 2011
    Posted at: 1:44 pm

    Hi Akash, hold it for some more time.

    Hi MUTHUKRISHNAN, yes, keep sl. if markets do manage to recover a bit, can see 1000 again

    Hi Riya, :) lets hope for the best.


  12. SAI Says:
    December 16th, 2011
    Posted at: 1:45 pm

    HI CB GA Missed the chance to book in 4800 ce as gone for urgent meeting. pls adv wl nifty come up again or shall i book loss at cmp


  13. CB Says:
    December 16th, 2011
    Posted at: 1:45 pm

    Hi SAI, oh ok. hold with sl at 4770 for now.


  14. Riya Says:
    December 16th, 2011
    Posted at: 1:46 pm

    @CB

    Ary m worrying much......bt still thnx....!!!!!!!


  15. Akash Says:
    December 16th, 2011
    Posted at: 1:46 pm

    Hi CB, Ok. But it is badly down and I don't think it can see 164 level again. :(


  16. CB Says:
    December 16th, 2011
    Posted at: 1:46 pm

    Hi Riya, yes, markets are very volatile.

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