Quotes with Resistance & Support
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Intraday calls for 17-10-11
Posted on: October 17th, 2011 at 8:23 am
Markets likely to open a bit higher. Resistance for nifty is at 5170 and support at 5070
Buy IDFC above 125, target: 128.50. Stoploss: 123
Buy BEML around 505-510, target: 522. Stoploss: 496
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Abdullah Says:
October 17th, 2011
Posted at: 10:45 pm
Hi CB and Everybody, Good evening :)
Sharing with you all what Moody's Analytics said today about India.
1) India’s sharply slowing economic growth is a “cause for worry”
2) India’s growth would slow from an expected 7.8% year-on-year in the first half of 2011 to 6.5% by mid-2012
3) With inflation remaining stubbornly high at 9.72% in September, India’s central bank may be forced into further monetary tightening in the months ahead which would exacerbate the slowdown
4) So far, the Reserve Bank of India’s 325 basis points’ worth of tightening must be judged a failure while domestic demand has been hit hard
These are some of the statements made by Glenn Levine, senior economist at Moody’s Analytics
Lets see what the future has in store for us :)
More info at : http://www.livemint.com/2011/10/17183037/India8217s-economy-8216i.html?h=A1
Deepak7791 Says:
October 17th, 2011
Posted at: 10:47 pm
Hi CB
Why was ARSS down today by 8% . Is it good to hold?
Also Target for Bombay Dyeing. Was looking good yesterday ,
Gitanjali Says:
October 17th, 2011
Posted at: 11:04 pm
Hi Aaradhana, It is really nice ,to see active lady traders .
This is what I do..If and when I need help, keep posting here ,repeatedly . There are v.good folks Like Sunil rao/Yogi/ Abdullah , other than CB/KARTIK/AND KB
As for not receiving ,replies . It happens to all of us .occasionally 'spam ' plays truant!
Keep faith! Happy trading:}
gaps Says:
October 17th, 2011
Posted at: 11:10 pm
hi CB, how is MRPL and aptech looking for tomorrow?
Gitanjali Says:
October 17th, 2011
Posted at: 11:11 pm
Hi CB,Hi Abdullah, GE,Thanks .Does that mean , it is better that we exit from MF'S [especially the Infra funds ,which are not catching up at all]
Thank you.
Kartik Says:
October 17th, 2011
Posted at: 11:35 pm
Hi Abdullah, GE, thanks for sharing
Hi Deepak7791, not sure of Arss, no news on it, Bombay Dying faces strong support at 380, can give a bounce tomorrow from 380 levels
Hi Gitanjali, GE, Infra might take a while to recover, if in profits, would be safe to exit from a few of them (if holding more than 1)
Hi gaps, Aptech above 120 looks good
sanzy Says:
October 17th, 2011
Posted at: 11:44 pm
will DLF open lower tomorrow..
Abdullah Says:
October 17th, 2011
Posted at: 11:44 pm
Hi Gitanjali, GE :) In my opinion, its not necessary that we exit altogether from MF's. Rather, I would suggest that you go for a SIP in some well chosen diversified equity MF( if you are into SIP,continue that ). To be on the safe side, out of every Rs. 100, deploy around Rs. 80 to 85 in diversified equity MF and the rest in some Debt fund. Do always take the SIP route.
As far as Infra funds are concerned, nothing much to say. Sharing an article with you. See the below mentioned URL and think and decide:
http://www.equitymaster.com/outsideview/detail.asp?date=10/05/2011&story=3&title=Infrastructure-Funds-Are-they-a-damp-squib
himanshu Says:
October 17th, 2011
Posted at: 11:46 pm
hey cb
It seems indian market is totally neglecting the foreign market... As us and europe markets r following indian market...
Is it so??...... What can b positive for nifty tomorrow.... todays was a very small range of 5100 and 5125...... Break out on either side will give the movement of how many points on one side???
Abdullah Says:
October 17th, 2011
Posted at: 11:46 pm
Hi Kartik, GE :) Plz check spam and allow my post
Abdullah Says:
October 17th, 2011
Posted at: 11:50 pm
Hi Kartik, Thanx for allowing :)
Rise Says:
October 17th, 2011
Posted at: 11:51 pm
sir how long will crompton and zee learn will take to cross 200 and 27 ?
CB Says:
October 18th, 2011
Posted at: 12:23 am
Hi sanzy, looking at US markets, seems may open a bit lower. at opening would advice to hedge it with a 220 put
Hi Abdullah, Good evening
Hi himanshu, as of now seems markets may open lower tomorrow. can see 5070. if breaks support at 5070, then can test 5000. on the upside has strong resistance at 5150-5170
Hi Rise, they will take a bit longer. markets are overall in a downtrend. fundamentally both are good bets. hold them for now
Abdullah Says:
October 18th, 2011
Posted at: 12:28 am
Hi CB, Good evening :)
Gitanjali Says:
October 18th, 2011
Posted at: 6:24 am
Hi Kartik, thanks ,shall exit from one .Hi Abdullah, Hi Abdullah, Thanks .Yes, I will not exit entirely.Thanks for the useful link