Quotes with Resistance & Support
Market Information

Intraday calls for 17-12-09

Posted on: December 17th, 2009 at 9:15 am

Markets likely to open flat. Nifty has support at 5000 and resistance at 5060.

Buy Vijay Shanthi Builders Ltd at 42.80, target: 44.20. Stoploss: 41.60
Buy Godawari Power & Ispat Ltd at 170.40, target: 178. Stoploss: 167

Trade in small quantity considering markets weakness. If nifty breaks support at 5000, short: HDIL

11.45am -buy state bank of india at 2142 target 2165. stoploss: 2123 – (Book profits at 2160)

2.55pm – btst – buy DRREDDY at 1170 target 1193-1200. stoploss: 1155

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671 Responses

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  1. nv Says:
    December 17th, 2009
    Posted at: 9:29 am

    Good morning to all Traders


  2. CB Says:
    December 17th, 2009
    Posted at: 9:30 am

    Hi Arun Kumar, yes. many already holding 5k put for quite some time

    Hi Shah Viral, hold it. keep sl at 5060.


  3. CB Says:
    December 17th, 2009
    Posted at: 9:30 am

    Hi nv, Good morning.


  4. nitin Says:
    December 17th, 2009
    Posted at: 9:30 am

    what about market today??


  5. CB Says:
    December 17th, 2009
    Posted at: 9:31 am

    Hi nitin, likely to open flat today.


  6. nb Says:
    December 17th, 2009
    Posted at: 9:31 am

    Hi CB, Good Morning!, Market seems to be in range-bound. is it advisable to enter market now or should I wait for it to break 5180 or 4980 level?


  7. Arun Kumar Says:
    December 17th, 2009
    Posted at: 9:31 am

    I hope those holding puts will make profit today. Fingers Crossed


  8. nitin Says:
    December 17th, 2009
    Posted at: 9:33 am

    how about unitec for intraday??


  9. CB Says:
    December 17th, 2009
    Posted at: 9:33 am

    Hi nb, Good morning. buy above 5060 in small quantity or lower around 4950. for now wait for some time

    Hi Arun Kumar, lets hope for the best.


  10. IMPATIENCES Says:
    December 17th, 2009
    Posted at: 9:33 am

    GOOD MORNING ALL


  11. CB Says:
    December 17th, 2009
    Posted at: 9:33 am

    Hi nitin, dont enter it yet

    Hi IMPATIENCES, Good morning.


  12. suzane Says:
    December 17th, 2009
    Posted at: 9:34 am

    hello chirag,
    Good morning,
    I just wanna know why market is playing with me?? I was holding HCLTECH since 7 days and it was just going on sweeping my money... Alas i squared off yesterday at 335.6 and it made a high of 10 rupees above my sell price.
    It seems market to be my enemy :))
    Secondly, i bbought ASIAN PAINT and STERLING BIOTECH for BTST, what target u find in both... Even am holding 5100PE, what target it can see??


  13. nitin Says:
    December 17th, 2009
    Posted at: 9:34 am

    is chambal fertilizer good for intraday??


  14. CB Says:
    December 17th, 2009
    Posted at: 9:35 am

    Hi suzane, yes. markets have been flat and directionless for quite some time. should breakout on either side soon. asian paints and sterling look good hold onto them. can add 2-3% today


  15. CB Says:
    December 17th, 2009
    Posted at: 9:36 am

    Hi nitin, buy if it nifty crosses 5060


  16. nb Says:
    December 17th, 2009
    Posted at: 9:36 am

    Hi CB, Thank you! and whats you opinion on PVR, they confirmed on adding 50 screens a year starting now. will that make a move in the market?

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