Intraday calls for 18-01-10
Markets likely to see a gap down opening. Nifty has support at 5170 and resistance at 5280.
Sell Torrent Power Ltd at 309.60, target: 299. Stoploss: 314. (dont enter at opening -markets not seeing a weak opening)
If markets see recovery later during the day, buy: Hindustan Organic Chemicals Ltd and OCL India Ltd
3.15pm – btst – buy Eelctrosteel at cmp 53.30 target: 56. Stoploss: 51
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Chida Says:
January 18th, 2010
Posted at: 8:57 am
TIPS for intraday & short term.
Pls seek advise from CB & Kartik before trading.
SAMKRG PISTONS & RINGS (520075) :Target -84-89
Don't think about foreign market. Now today at the opening bell...it is time to grab SAMKRG PISTONS chart indicates, 99.99% stock will start one side upmove starting today itself...Above Rs.79.50 our target Rs.84, Rs.89...short term and swing traders can exit at this price...
Company has paid 30% dividend for FY09. Current level stock is available at actractive valuation...
BHARAT GEARS (505688) :Target -65-73
It is second auto ancillary stock which is looking hot for investment. Now today at the opening bell...grab BHARAT GEAR chart indicates, 99.99% stock will start one side upmove starting today itself...Above Rs.59 our target Rs.65, Rs.73...short term and swing traders can exit at this price...
• BSE SENSEX (last close:17544.30)
Last week the SENSEX opened at 17724.59 level, made a high of 17776.57 made a low of 17276.46 and closed the week at 17554.30. The weekly gain was only 14 points.
This week will be highly volatile week for market so keep stop loss and hold positionas. Also strictlly follow the levels. For next week SENSEX has strong support at 17479 level, break will take it to 17276, 17198 levels again. On the upper side 17640 will act as strong hurdle, cross over will take it to 17735, 17790 levels.
SENSEX will playing between 17790-17198 levels and further upside will see only above 17790 level and more down fall will see only below 17198 level. So have a close eye on 17790-17198 levels. Stock specific up-trend will continue in this week. So don't see SENSEX or NIFTY only keep stock specific approach.
• NIFTY (last close: 5252)
The nifty opened at 5263.80, made a high of 5300.50, made a low of 5169.55 and closed the week at 5252.20. The weekly gain was only 7.45 points.
For next week NIFTY will play between 5129-5311 levels. any side close will decide next run. Below 5230 nifty may slide again 5160, 5129 levels. On the upper side above 5279 level, it will zoom again up to 5300, 5311 level. This time trade above 5311 will take nifty up to 5350, 5375 levels. So strictly follow the levels...
CNBC TV 18:
Stock is looking highly explosive on chart, continues higher top higher bottom formation seen on chart. This is best stock for positional traders.
Buy on decline considering 92 as nearest support, keeping the stop loss of 88. On the upper side, minor hurdle at 95.75. Once it crosses with volume will create fire works in this counter and take the stock up to 101, 108 levels in coming days.
CIPLA:
This leading pharmacutical stock is looking highly explosive on chart. Any decline buying is seeing in this counter & above 330 no problem for bulls in this counter.
Positional or weekly traders can buy this stock considering 345 as strong support, keeping the stop loss of 337. On the upper side, the stock will zoom up to 363 level and close above will take the stock up to 373-375 levels in this rally.
TATA MOTORS:
Maruti & maindra & mahindra looks weak But TATA Motor is looking hot & fiery. Stock is looking strong & buying is advisable till the stock not close below 780 level. Buy on decline considering 788 as strong support, keeping the stop loss of 780. On the upper side, the stock will zoom to kiss 805 level,once crosses 805 will kiss 820, 831 levels in coming days...
NEYVELI LIGNITE:
PSU stocks are looking explosive only & after EIL this stock can be disinvestment candidate. Some thing is cooking in this stock. Buy on decline considering 166.75 as nearest support & 164.60 as strong support, keeping the stop loss of 161. On the upper side, above 171.75 will zoom to kiss 171.75, 183.40 levels in coming days...
HINDALCO:
Any Rise, try to exit long. Ripe for short selling.
Go short at higher levels around 169-171 keeping stop loss of 174.
On the lower side, the stock will slide up to 163.60 level, break and close below will take it to 160, 157.50 levels in coming days...
Don't hold long below 176 level.
Or think to buy near 157.50 levels...
CROMPTON GREAVES:
Bulls honey moon is over for this stock. Now selling presure will seen at higher levels. Go short at higher level between 423-426 keeping stop loss of 431. On the lower side, the stock will slide up to 413 level, break and close below 413 will take in to non stop 405, 401 levels...
TORRENT POWER:
Power off in this stock.
Now don't think to buy till the stock not close above 325 level.
Go short in any rally keeping stop loss of 317. On the lower side below 309 expect panic up to 300, 291 levels....
CB Says:
January 18th, 2010
Posted at: 8:57 am
Hi chandu, thanks
Hi dak, keep sl at 46..can see 50
Hi Geetha, tcs may open slightly higher.yes, uco can be bought on dips
Hi Kranthi, hold it for some time.. it will recover, you can avg on dips.
sanjay Says:
January 18th, 2010
Posted at: 8:57 am
cb wht will b d target for bharat orge today???holding at 295...will it go till 303
CB Says:
January 18th, 2010
Posted at: 8:58 am
Hi dineshknp, likely to remain flat
Hi deba, buy some of hocl or ocl india
Hi som, no, not yet
Hi chandu, ok.
gururaj Says:
January 18th, 2010
Posted at: 8:58 am
Good Morning CB,
Can I go short in EIL
CB Says:
January 18th, 2010
Posted at: 8:58 am
Hi sanjay, yes.. should see an upmove today
Hi gururaj, Good morning.. no, not sure about it.
Shads Says:
January 18th, 2010
Posted at: 8:59 am
Good Morning CB!
Good Morning evreyone!
CB Says:
January 18th, 2010
Posted at: 8:59 am
Hi Shads, :)
CB Says:
January 18th, 2010
Posted at: 9:00 am
Hi Shads, Good morning..
CB Says:
January 18th, 2010
Posted at: 9:03 am
Hi PK, around 315.
Vinay Kariappa Says:
January 18th, 2010
Posted at: 9:04 am
Hi
CB good morning, I have bought RCF 330 shares for Rs 80 now it has reached to 89.80 shall i hold the shares or its a good time to sell please advise.
PK Says:
January 18th, 2010
Posted at: 9:04 am
315 is target of Bharat forge forr intraday? please let me know the achivable target today or tomorrow.
kathir Says:
January 18th, 2010
Posted at: 9:05 am
gud mrng cb, can i hold bharat forge till today evening? boz i bought 200 at 301 but now its going down.
santhosh Says:
January 18th, 2010
Posted at: 9:09 am
can i buy NIITTech at CMP ( 182 ) for short term? or should i wait for dips?
swati jain Says:
January 18th, 2010
Posted at: 9:09 am
Hi,
Can one start buying bank stocks now? Or wait until the RBI review?
Thanks!
Kranthi Says:
January 18th, 2010
Posted at: 9:09 am
CB Sir,
How is Advani Hotel & reorts limited. It's 7% down. Can I buy it now for 5% returns ?