Quotes with Resistance & Support
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Intraday calls for 20-01-10

Posted on: January 20th, 2010 at 8:13 am

Markets likely to see a flat opening. Support for nifty is at 5170 and resistance at 5300.

Buy Gammon India Ltd at 257.40, target: 267. Stoploss: 251

Trade in small quantities.

12.30pm – buy redington at 322.50 target 331. stoploss: 317 (trade in small quantities considering markets uncertainty) – (book profits at 334)

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857 Responses

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  1. rashid Says:
    January 20th, 2010
    Posted at: 8:31 pm

    sir,ttml gave me a loss,,,,,should i sell it tommorow at cmp as it may continue downfall..please suggest ..iam beginner


  2. Pradeep Says:
    January 20th, 2010
    Posted at: 8:31 pm

    Hi, Kartik, I wish to invest in Indiabulls power and NHPC for long term expecting good returns, please advice.


  3. inder Says:
    January 20th, 2010
    Posted at: 8:32 pm

    Dear Kartik
    Thanks fr ur advise
    Also suggest level at wich first objective can be purchased ?
    Thanks


  4. naveen Says:
    January 20th, 2010
    Posted at: 8:34 pm

    HI Kartik,

    News which are coming from overseas are very negative, do u see any downside in markets tommorrow?


  5. Kranthi Says:
    January 20th, 2010
    Posted at: 8:48 pm

    Hi ramsingh,
    Today, CB Sir has suggested Gamon INDIA but not Gamon Infra, may be you are mistaken, Don't forget to check the status of Gamon Infra and act acordingly.

    Have a nice day :)


  6. suresh Says:
    January 20th, 2010
    Posted at: 8:51 pm

    hi kartik,

    how about unitech tomorrow , my 90CE Jan expiry is under heavy loss what your epectation about unitech tomorrow


  7. raghu Says:
    January 20th, 2010
    Posted at: 9:04 pm

    hiii CB..
    which all important results are to be announced 2mrw???
    i am holding 200 ruchi soya@101 ..shd i average at this level??how does the stock looks for short trem(10 days max)


  8. vega Says:
    January 20th, 2010
    Posted at: 9:19 pm

    Im very confusing about the results...why some shares are going up mad after announcing results?The same way some are going down even they have good sales result! (eg.Wipro)
    How its working which factor we have to focus on this things?Can u give a brief please?


  9. shipra Says:
    January 20th, 2010
    Posted at: 9:44 pm

    cb I am holding natcopharma I shd have booked profits today but I thought it gave a break out today .can it cross the years high of 145


  10. Nall's Says:
    January 20th, 2010
    Posted at: 9:59 pm

    CB SIR,
    Yesterday US Markets r excellent but our markets r not done much,
    today US Markets r too bad, whats going to happen tomorrow i am
    worried pls reply me sir. tnx lot


  11. Kartik Says:
    January 20th, 2010
    Posted at: 10:08 pm

    Hi ramamoorthy, ambika cotton is a good bet, but dont enter it at CMP, wait for a dip in it

    Hi ramsingh, it can add 10-15% in 1-2 months time hold it

    Hi naveen, yes, we might see some downside tomorrow

    Hi rashid, it faces support at 27.30, hold it with a SL at 27.30

    Hi suresh, since its a market mover, it may see a bounce if markets show some recovery

    Hi shipra, hold it for Short term, it can do well

    Hi Nall’s, we might see some downside tomorrow, also depends on how Asian markets open up tomorrow morning

    Hi raghu, you can get the daily result list on indiaearnigs.com, dont add more of soya yet, wait for some more time

    Hi inder, enter it around 20 levels


  12. Kartik Says:
    January 20th, 2010
    Posted at: 10:09 pm

    Hi Gagan, hold it with a SL at 272, it can see 295 levels if markets do well tomorrow


  13. arvind Says:
    January 20th, 2010
    Posted at: 10:13 pm

    Hi Kartik,
    Is it right time to buy GMR Infra, Gujarat State Petronet Limited, SRF Ltd? May I know your view on this. What is the possible near term target(less than a month).

    Thanks in advance,
    Aravind


  14. suresh Says:
    January 20th, 2010
    Posted at: 10:16 pm

    Thanks kartik,

    my average price is 1.35, have 2 lots(9000),can i get my price.i am full tensioned after seeing US and UK markets


  15. maddy Says:
    January 20th, 2010
    Posted at: 10:18 pm

    Hi CB,

    I had to take JK tyres(100@ 175) for delivery could not sell it off yesterday. The same is the case with Electrocast(200 @ 53.50). Could you please suggest if both of them will do well ?


  16. Shads Says:
    January 20th, 2010
    Posted at: 10:33 pm

    Good evening CB,

    Where do you see Nifty tomorrow. I have Nifty futures bought @5252. I am worried! Pls help!

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