Quotes with Resistance & Support
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Intraday calls for 18-06-09

Posted on: June 18th, 2009 at 9:24 am

Markets likely to be volatile. Nifty has support at 4350.. if we trade below this level for some time, we could see further downside.

Buy Castrol around 360, target: 372. Stoploss: 356.
Sell Reliance Capital below 895, target: 870. Stoploss: 908.

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387 Responses

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  1. CB Says:
    June 18th, 2009
    Posted at: 3:34 pm

    Hi Imtiaz, most welcome

    Hi sndpsk, never mind..it happens with all.. hold ur stocks tight. they will give you good returns..give them some time

    Hi Bapi, most welcome

    Hi YASHVARDHAN SONI, hold them for some more time..it can see 50 in a month or 2


  2. CB Says:
    June 18th, 2009
    Posted at: 3:35 pm

    Hi Sud, hold them with a stoploss at 4250. tomorrow some upmove is expected after this fall


  3. sndpsk Says:
    June 18th, 2009
    Posted at: 3:40 pm

    CB, Pls reply on my this queries. any view about why market that much downside? and nifty is going more down than the sensex. why so?


  4. kartik Says:
    June 18th, 2009
    Posted at: 3:40 pm

    cb..............can we buy aban at current price?


  5. CB Says:
    June 18th, 2009
    Posted at: 3:42 pm

    Hi sndpsk, no.cannot be sure..there was shorts trigged and higher levels also FII's were selling huge

    Hi kartik, no..dont enter it yet


  6. kartik Says:
    June 18th, 2009
    Posted at: 3:44 pm

    cb...................which is the best price for aban for accumulating for the longer term?Also
    can we buy lakshmi machine works for the short term?


  7. Akki Says:
    June 18th, 2009
    Posted at: 3:45 pm

    okie so hold our call positions till expiry


  8. Akki Says:
    June 18th, 2009
    Posted at: 3:58 pm

    some magic from god hands give us a good expiry close like previous closes :)


  9. CB Says:
    June 18th, 2009
    Posted at: 4:05 pm

    Hi kartik, Aban may see some more downside..dont buy it yet.. Buy some of Lakshmi machine works around 900

    Hi Akki, yes..they are a hold..lets hope for the best


  10. Kartheek Says:
    June 18th, 2009
    Posted at: 4:29 pm

    CB, today I faced lot of confusion while trading due to high volatality...
    In how may days, the market will recover to 4500+


  11. vk Says:
    June 18th, 2009
    Posted at: 4:40 pm

    hi cb..sir
    market is going down ... i have
    unitect 150 @ 65
    hindalco 100 @ 104
    RNRL 50 @ 73
    wat to do sir please suggest .


  12. Rams Says:
    June 18th, 2009
    Posted at: 4:51 pm

    Hi CB, why suzlon down like this? what could be the lower end for suzlon?


  13. rocking Says:
    June 18th, 2009
    Posted at: 5:59 pm

    Hi CB,
    Yesterday i bought [email protected] today i sold [email protected] u give me ur suggestion whether i can take tommorrow unitech/suzlon.which is the best share.


  14. alluri Says:
    June 18th, 2009
    Posted at: 7:07 pm

    hi sirjeeee

    learning a lot of lessons from the last 2 days :):D
    had a loss of 20 k i decided not to trade wen markets are volatile and im not able to take decision on short selling i could have covered if i could

    i neeed to make 10 k the next two sessions each but will enter only if markets look good

    i think iam lacking som trading discplines which are very must just sharing with u

    do pm me in messenger tommorow if u find any suitable stock

    1o days of happy trading 2 days of sad trading lol


  15. Kartheek Says:
    June 18th, 2009
    Posted at: 7:22 pm

    Hi Rocking, the market seems to be weaken below 4550, and dont go for buy in large quantities... have them in a small chuncks, later on you will find a day to invest more amount.


  16. CB Says:
    June 18th, 2009
    Posted at: 7:22 pm

    Hi Kartheek, yes..markets were very volatile today.. as of now Nifty seems to have found some support at 4250..

    Hi vk, hold tehm for some more time.. markets are likely to see some bounce after the recent fall.

    Hi Rams, maybe someone dumping the stock.. it has good support at 95-100 levels. its a hold..it will give decent returns.

    Hi rocking, buy Unitech tomorrow for short term.. Also Noida toll on dips

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