Quotes with Resistance & Support
Market Information

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. Mahe Says:
    December 16th, 2011
    Posted at: 1:55 pm

    Hi Kb, Why market went down?? What about DLF will it touch 210 before this expiry??


  2. SUTLEJ Says:
    December 16th, 2011
    Posted at: 1:58 pm

    @ Riya- keep a stoploss @ 129.50.


  3. Chandan Says:
    December 16th, 2011
    Posted at: 1:59 pm

    Hi CB,
    Please Help, will Axis Bank come Up?


  4. DJ Says:
    December 16th, 2011
    Posted at: 2:00 pm

    hey cb
    holding shorts on tata motors...carry forward?


  5. SUTLEJ Says:
    December 16th, 2011
    Posted at: 2:01 pm

    @ Mahe- If DLF close above 205...then it will touch 210.


  6. Kb Says:
    December 16th, 2011
    Posted at: 2:03 pm

    Hi SAI, hmm.. its not trending actly & that hedge wont work .. . might see some more selling ... exit long on bounce back.. & hold put .. res around 4820..


  7. Mahe Says:
    December 16th, 2011
    Posted at: 2:04 pm

    Hi SUTLEJ, Thanks Are you refering to today's close??


  8. Riya Says:
    December 16th, 2011
    Posted at: 2:04 pm

    @ sutej

    wot i shud kep as limit price????


  9. SUTLEJ Says:
    December 16th, 2011
    Posted at: 2:05 pm

    @ DJ- If Close below 176..then hold ur short position.


  10. Mahe Says:
    December 16th, 2011
    Posted at: 2:06 pm

    Hi Kb, Shall I buy Axisbank Call now??


  11. Kb Says:
    December 16th, 2011
    Posted at: 2:07 pm

    Hi Mahe, its in a range


  12. SUTLEJ Says:
    December 16th, 2011
    Posted at: 2:08 pm

    @ SAI- YES...

    @ Riya- if break 131.75...then go to 132.50.


  13. ROHIT Says:
    December 16th, 2011
    Posted at: 2:09 pm

    Hi CB,THAKS SIR, I BOOKED PROFIT IN HIDALCO 3K


  14. DJ Says:
    December 16th, 2011
    Posted at: 2:09 pm

    thx Kb
    script or future?


  15. SAI Says:
    December 16th, 2011
    Posted at: 2:09 pm

    Hi Kb ok will do.


  16. Kb Says:
    December 16th, 2011
    Posted at: 2:10 pm

    Hi Mahe, no.

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