Quotes with Resistance & Support
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Intraday calls for 17-12-08

Posted on: December 17th, 2008 at 9:23 am

Markets likely to open gap up.
Buy: Areva T&D above 178, target:189. Stoploss: 175.

If we witness profit booking later during the day, short sell: Reliance infrastructure.

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223 Responses

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  1. amit Says:
    December 17th, 2008
    Posted at: 9:28 am

    cb, morning. any other stock that can be bought. what's your say on 3i infotech, as charts are looking good for this stock and brfl.


  2. CB Says:
    December 17th, 2008
    Posted at: 9:32 am

    Hi amit, 3i info faces strong resistance at 44-45 levels.. BRFL is a hold.. it can touch 150 in short term..


  3. kinjal Says:
    December 17th, 2008
    Posted at: 9:34 am

    gmrnng cb, ny good stock for intraday trading today?


  4. CB Says:
    December 17th, 2008
    Posted at: 9:34 am

    Hi kinjal, I feel we will see profit booking at higher levels.. Short rel inf if we see profit booking.. In buys Areva T&D is a buy above 178


  5. kinjal Says:
    December 17th, 2008
    Posted at: 9:37 am

    Hi CB..thanks ..at what price shud i short rel inf and what is the expected target for areva?


  6. CB Says:
    December 17th, 2008
    Posted at: 9:38 am

    Hi kinjal, Can't give the exact price for rel inf but after gap up wait for some time to see if we actually witness profit booking.. Details for Areva are mentioned above..


  7. DM Says:
    December 17th, 2008
    Posted at: 9:38 am

    Hi CB, Good Morning

    How do you see market reacting to Satyam's controvrsy last night?
    ADR's down around 54%?


  8. Raj Says:
    December 17th, 2008
    Posted at: 9:39 am

    Good morning CB,
    is it the crud production cut will have any affect on Praj industries stock ?
    whats u r opinion on this stock price for the short term ?


  9. amit Says:
    December 17th, 2008
    Posted at: 9:40 am

    should i buy areva as soon as market opens or i should wait for sometime and then buy it.


  10. CB Says:
    December 17th, 2008
    Posted at: 9:40 am

    Hi DM, Satyam has called off the deal to buy Maytas infra with is positive for the stock.. I think it will see a gap up opening..


  11. ranga Says:
    December 17th, 2008
    Posted at: 9:41 am

    good morning GURU, what you say about the BAJAHIND intraday ?


  12. amit Says:
    December 17th, 2008
    Posted at: 9:41 am

    what's your say on bharti airtel


  13. CB Says:
    December 17th, 2008
    Posted at: 9:41 am

    Hi Raj, i don't think it should.. it faces resistance at 70-72


  14. Ganesh Says:
    December 17th, 2008
    Posted at: 9:41 am

    Hi CB, lost in RELCAP 20K, yesterday..:( Make me happy today with your rocking tips today..


  15. CB Says:
    December 17th, 2008
    Posted at: 9:44 am

    Hi ranga, It can move upto 70..

    Hi amit, not sure about Bharti Airtel.

    Hi Ganesh, oh.. ok.. At higher levels short rel inf


  16. CB Says:
    December 17th, 2008
    Posted at: 9:46 am

    Hi amit, if it trades above 178 for 5 min.. buy it..

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