Quotes with Resistance & Support
Market Information

Intraday calls for 18-06-12

Posted on: June 18th, 2012 at 8:33 am

Markets likely to open higher. Resistance for nifty is at 5160 (closing basis) and support at 5100

If markets show weakness later during the day, sell: Ambuja Cements

1.44pm – buy 5000pe at 48, target: 64. Stoploss: 5110 (spot)

For a technical view on Nifty, Hindalco, DLF & Dr.Reddy, click here

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567 Responses

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  1. Robotguy Says:
    June 18th, 2012
    Posted at: 12:12 pm

    Hi Abraham, Sorry, It is better you ask CB Sir as I cannot advise you as the market has come down so much suddenly...


  2. chhaya Says:
    June 18th, 2012
    Posted at: 12:13 pm

    sir i shor in icici at 825 what to do


  3. CB Says:
    June 18th, 2012
    Posted at: 12:14 pm

    Hi chhaya, hold it. can see 817


  4. Deepak Says:
    June 18th, 2012
    Posted at: 12:14 pm

    Hi CB,

    What is the status of Ambuja cements and Apollo tyres.


  5. sona Says:
    June 18th, 2012
    Posted at: 12:15 pm

    Hi CB, As the greek results came out good definitely euro markets r going to be in DEEP GREEN...wot would be NIFTY's range...will it cut 5100 level today


  6. CB Says:
    June 18th, 2012
    Posted at: 12:16 pm

    Hi Deepak, ambuja can test 165. apollo tyres looks a bit weak. donte nter yet

    Hi sona, as of now if breaks 5050 could correct further news from europe seems to have already been discounted by markets


  7. chhaya Says:
    June 18th, 2012
    Posted at: 12:16 pm

    what to do in tatat motor by at 239


  8. CB Says:
    June 18th, 2012
    Posted at: 12:17 pm

    Hi chhaya, its a hold for short term. can see 250


  9. SS Says:
    June 18th, 2012
    Posted at: 12:17 pm

    Hi CB,
    Can we take risk of entering DLF/Axis long @ CMP ?


  10. sanzy Says:
    June 18th, 2012
    Posted at: 12:17 pm

    holding ICICI 860CE huge loss
    should i exit or shall i average


  11. CB Says:
    June 18th, 2012
    Posted at: 12:18 pm

    Hi SS, no, not yet

    Hi sanzy, dont avg yet. wait for some time.


  12. Robotguy Says:
    June 18th, 2012
    Posted at: 12:18 pm

    Hi imran khan, If you are prepared to take risk then you can BUY Bank Nifty 9700 CALL at around 180


  13. Niftyman Says:
    June 18th, 2012
    Posted at: 12:19 pm

    cb..do u expect the market to go up @ EOD?


  14. sona Says:
    June 18th, 2012
    Posted at: 12:19 pm

    Hi CB, okay..there is nothing left out to drag the market down(RBI & GREECE over)...so still NIFTY looks weak?


  15. imran khan Says:
    June 18th, 2012
    Posted at: 12:19 pm

    Hi Kb Trader, i am doing good, brought 2 puts @41.60 waiting for 60 target :)


  16. ARCHANAREDDY Says:
    June 18th, 2012
    Posted at: 12:19 pm

    Hi CB, OK THANK U SIR.......

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