Quotes with Resistance & Support
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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. CB Says:
    December 17th, 2011
    Posted at: 6:43 pm

    Hi anand, Good evening.. book near 156 levels for now. not sure what you mean by counter party..


  2. anand Says:
    December 17th, 2011
    Posted at: 6:59 pm

    Hi CB,
    thanks

    This may be a silly ques. but I have experienced this.
    Suppose if I buy Nifty Put Option 4700@100 and the price later goes to 300 as Nifty falls,
    then will I be able to sell it @ 300..
    will there be buyers available @ high price of Rs.300 when I will try to sell..?


  3. CB Says:
    December 17th, 2011
    Posted at: 7:48 pm

    Hi anand, no issues. yes.. there will always be buyers.. specially in nifty which is traded with huge volumes..


  4. CB Says:
    December 17th, 2011
    Posted at: 9:19 pm

    Hi DJ, :)


  5. Jitendra Says:
    December 17th, 2011
    Posted at: 9:37 pm

    HI

    I want to invest in good company at right stock price

    How to know correct price to buy any stock ? other than 52 week low and high . is there any formula to know right stock price ?


  6. CB Says:
    December 17th, 2011
    Posted at: 9:55 pm

    Hi Jitendra, no, no formula as such.. best option is to accumulate quality stocks in small quantity on dips. go with companies that are showing consistent growth and future prospects for the sector is good


  7. raj Says:
    December 17th, 2011
    Posted at: 10:06 pm

    CB Short in nifty @ 4643, pls suggest where to cover???


  8. CB Says:
    December 17th, 2011
    Posted at: 10:07 pm

    Hi raj, hold it for 2-3 days.. below 4640 can test 4580


  9. CHANDAN SARKAR Says:
    December 17th, 2011
    Posted at: 11:26 pm

    HI..I think DOWN TREND FOR MARKET IS OVER.


  10. DJ Says:
    December 17th, 2011
    Posted at: 11:56 pm

    Best stocks to short in nxt wk starts from 3 and Z.means all the scripts under fno...best stocks to long?well they have to be listed yet.so wait till feb 2012


  11. cvrprakash Says:
    December 18th, 2011
    Posted at: 12:00 am

    Dear CB,

    I was buying Axis bank @ 920-930 levels and selling @ 1000-1050 levels for past 2-3 months.
    This time also I do place a buy order and before I realized its been bought went below 900..
    Should I exit this on Monday? Or can I hold?
    Tell me this... Where is the next support for Axis??


  12. cvrprakash Says:
    December 18th, 2011
    Posted at: 12:01 am

    Dear CB,

    Where you see the support for BGR Energy? can we see 100/sub 100 levels soon in this??


  13. CB Says:
    December 18th, 2011
    Posted at: 12:34 am

    Hi cvrprakash, yes, it did break good support at 920 levels. on a small bounce near 915-920, exit from it for now. bgr too is in a downtrend. will need to add few on dips once markets settle.


  14. cvrprakash Says:
    December 18th, 2011
    Posted at: 6:40 am

    Dear CB,

    The downtrend we see in BGR is very very strong.
    As you said I can add few once market settles. But I need one confirmation from you.
    Do you see any fundamental problem with the company? Any bad news which can sustain for next 1-2 years? If everything is good in BGR - I have no problem adding it.
    Thanks.


  15. anand Says:
    December 18th, 2011
    Posted at: 7:50 am

    thanks CB :)


  16. SB Says:
    December 18th, 2011
    Posted at: 9:25 am

    Hi CB, Bhai HOW WAS MY COMMENT GIVEN ON FRIDAY MORNING ABOUT LEVELS BEFORE CREDIT POLICY ????
    Posted @ 10:59 am on Friday before credit policy = " Bhai , I hope with RBI outcome Positive , Nifty can see 4850 - 4875 levels today ....... But any negatives comes form RBi , then ofcourse , then next jump down point will 4650 -4630 levels latter on 4300-4350 levels with an intermediate support @ 4500 levels ..... ! "

    Have u ever notice that when ever I comments about nifty and got out of office , soon a drastic change happens along with my post --- ha ha ah ........ Tats fine
    Take Care dear !
    Happy Sunday ............... Enjoy it -..... Karthi , CB ................ Have a nice time friends ............!

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