Quotes with Resistance & Support
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Intraday calls for 18-12-09

Posted on: December 18th, 2009 at 9:16 am

Markets likely to see a flat opening. Support for nifty remains at 5000. Resistance is at 5060.

Buy Nilkamal Ltd at 184.80, target: 192. Stoploss: 180

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701 Responses

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  1. Ankit Says:
    December 20th, 2009
    Posted at: 2:43 pm

    Hi CB,

    what can be target of SBIN for one week ? as it has already seen correction,
    do you think further down side is possible or it can make a move this week ?


  2. CB Says:
    December 20th, 2009
    Posted at: 3:40 pm

    Hi Shekhar, support is around 980 levels. can see 1050 in short term

    Hi Ankit, yes one can enter in small quantity. it can add 70-80rs. on the downside it has strong support at 2100


  3. rana Says:
    December 20th, 2009
    Posted at: 6:20 pm

    hi cb sir good evening,
    pls tell about open interest ? what is meant 4 OI ? if OI interest adds than what happen & sheds than what happen? how we can find that open interest adding is in lomg side or short side?some time adding in OI lift stocks and some time OI dragges down stocks why this happen pls tell us & guide us.thanks


  4. Lalith Says:
    December 20th, 2009
    Posted at: 6:22 pm

    Cb, please share ur views on these,

    Rajesh Exports : This stock looks strong and has a target of Rs 94 in short term. CMP – 83.55

    Jayaswal Neco : This stock has a target of Rs 35 in short term. CMP – 30.35

    Redington India: This stock has a good support at 290 and looks very strong. Target of 330 in short term. CMP – 296

    IndusInd Bank : This stock has a target of 155. CMP – 137.60


  5. CB Says:
    December 20th, 2009
    Posted at: 6:58 pm

    Hi rana, if a stock is moving higher and OI rises then there are more chances of stock moving up further. and if a stock is falling and OI rises then there are more chances of it coming down futher

    Hi Lalith, yes, with dollar gaining strength rajesh exports is likely to do well. dont enter redington yet. indusind looks good for short term. jayaswal agro is a good buy above 80


  6. Adil Says:
    December 20th, 2009
    Posted at: 8:26 pm

    Hi cb sir can i buy savita oil @cmp 412


  7. banu Says:
    December 20th, 2009
    Posted at: 8:41 pm

    sir how is jswsteel tomorrow


  8. mohu Says:
    December 20th, 2009
    Posted at: 8:45 pm

    Mr. CB
    i want to invest every month Rs 2000.00 in Junior nifty bees at every month first trading day at last trade price and i want to continue this invest coming 2 years. This is correct invest idea. please advise.


  9. CB Says:
    December 20th, 2009
    Posted at: 9:06 pm

    Hi Adil, buy some lower around 390

    Hi banu, its likely to remain flat

    Hi mohu, yes, go with it.. nifty is likely to see new highs in couple of yrs.


  10. mohu Says:
    December 20th, 2009
    Posted at: 9:19 pm

    Thanks Mr.CB


  11. CB Says:
    December 20th, 2009
    Posted at: 9:39 pm

    Hi mohu, most welcome.


  12. senthil Says:
    December 20th, 2009
    Posted at: 10:09 pm

    hai CB! i am holding sunpharma@ 1565,wht s ur view on that stock ?


  13. CB Says:
    December 20th, 2009
    Posted at: 10:12 pm

    Hi senthil, its a hold as of now. it can see 1640 in coming days.


  14. senthil Says:
    December 20th, 2009
    Posted at: 10:16 pm

    wht s ur view on nifty? will the nifty consolidate in coming days ??


  15. anandababu Says:
    December 20th, 2009
    Posted at: 10:17 pm

    Hi CB how to intrepret when OI decreases and price increases and one more can I buy torrent power at this level


  16. Ashok Says:
    December 20th, 2009
    Posted at: 10:30 pm

    Hi CB, What is your view on hindustan oil, it is right time to buy

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