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Intraday calls for 19-03-10

Posted on: March 19th, 2010 at 8:16 am

Markets likely to see a positive opening. Support for nifty is at 5200 and resistance at 5280.

If markets show weakness later during the day, sell: TVS motors.

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529 Responses

Comment pages: 262728293031323334Show all

  1. CB Says:
    March 21st, 2010
    Posted at: 1:12 pm

    Hi ramsingh, yes, if markets are good, it will

  2. ramsingh Says:
    March 21st, 2010
    Posted at: 1:20 pm

    Sorry to say i read about instead of have about.Please change.

  3. CB Says:
    March 21st, 2010
    Posted at: 1:24 pm

    Hi ramsingh, no, not sure of 30 levels yet..

  4. sunil Says:
    March 21st, 2010
    Posted at: 1:25 pm

    cb, how abt airtel for 1-2month perspective can be bought?

  5. CB Says:
    March 21st, 2010
    Posted at: 1:36 pm

    Hi sunil, yes, buy it on dips. can head upto 330

  6. stalin Says:
    March 21st, 2010
    Posted at: 2:20 pm

    hai mate good eve..how abt axis bank nd jswsteel 2morrow ...what levels can we expect from them,can we see a hike or a downside for those ...

  7. krishnan Says:
    March 21st, 2010
    Posted at: 2:51 pm

    Hi CB can you advise how to interpret the pivot point calculator?

  8. Tarun Says:
    March 21st, 2010
    Posted at: 3:00 pm

    Please suggest some stocks for short time and long time. Thanks.

  9. CB Says:
    March 21st, 2010
    Posted at: 3:13 pm

    Hi stalin, some downside is likely tomorrow. lets see how Asian markets open

    Hi krishnan, hope this helps: http://www.tradejuice.com/forex/pivot-point-trading-mm.htm

    Hi Tarun, for long term buy ifci, noida toll, axis bank on dips.. as of now no call for short term.

  10. tuff money Says:
    March 21st, 2010
    Posted at: 3:16 pm

    hi cb,

    if market gets to 5205 - 5210, is it sensible to buy march 5200 CE ?

  11. CB Says:
    March 21st, 2010
    Posted at: 5:03 pm

    Hi tuff money, no, dont go for a call yet

  12. Narasimha Says:
    March 21st, 2010
    Posted at: 5:12 pm

    Sensex (17,578.2)

    It was another placid week in the Indian stock market. In the absence of any reaction-worthy news, market participants occupied themselves with more mundane developments such as advance tax numbers declared by companies. Although calm is prevailing on the surface, there are lurking undercurrents such as the unresolved Greece sovereign debt issue that can roil the situation.

    The week ahead is expected to be livelier as stock prices give the customary knee-jerk reaction to the policy-rate hike on Monday morning. Expiry of the March derivative contracts on Thursday could add spice to the proceedings. Open interest surging to record levels is worrisome though the high put-call ratio denotes that the bears are beginning to outnumber bulls and it can help prevent a sharp decline.

    March has been good for Indian equities. The Sensex has managed positive closes in all but four sessions and has gained about 7 per cent. This has resulted in the 14-day relative strength index moving to extremely overbought levels at 75. Last time the index reached this level was in June 2009. However, this oscillator can remain overbought for extended period without a corresponding reversal in the underlying. Weekly oscillators are still positioned in the neutral zone.

    We had outlined the assumption of a flat formation from the November 2009 trough in our last column. The C wave of this formation, that is currently unfolding, has the targets of 17,074, 17,954 or 18,833. This wave is sub-dividing in to a five-wave formation with the next targets of the fifth minor at 17,653 or 17,911. The fifth minor could even have completed at Friday's peak of 17,600.

    What follows next could be another X wave preceding another three or five wave formation. It is obvious that we are on the verge of a pull-back. The extent of this pull-back will determine if the Sensex will have a shy at 18,000 in the near term or will decline towards 16,000 instead. Here are a few guideposts for the week ahead:

    A slight decline on Monday morning that results in the Sensex reversing higher from 17,267 or 17,061 will mean that the near term-trend remains positive and the index will attempt a new yearly high before a stronger decline.

    Decline below 17,061 will take the index to the key support zone around 16,855. Presence of both 20 and 50-day moving averages in this area makes it a key short-term trend deciding zone.

    Short-term investors should avoid fresh purchases on a decline below 16,850 as such a move will be a harbinger of a deeper decline to 16,527 or 16,395.

    Source : www.thehindubusinessline.com

  13. krishnan Says:
    March 21st, 2010
    Posted at: 5:53 pm

    Many Thanks CB. The info was great.....tremendous tool....will implement it tomorrow and see the effect. Thanks again

  14. CB Says:
    March 21st, 2010
    Posted at: 7:58 pm

    Hi Narasimha, thanks

    Hi krishnan, always welcome.

  15. stalin Says:
    March 21st, 2010
    Posted at: 8:20 pm

    thanks mate....

  16. rashid Says:
    March 21st, 2010
    Posted at: 8:38 pm

    should i exit CAIRN at cmp and enter at low levels.....a 5 or 7 rs less

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