Quotes with Resistance & Support
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Intraday calls for 23-03-10

Posted on: March 23rd, 2010 at 8:08 am

Markets likely to open slightly positive. Support for nifty is at 5170 and resistance at 5260.

Buy Excel Crop Care Ltd at 172.20, target: 178. Stoploss: 169.

If markets show weakness later during the day, sell: HDIL – (book profits at 278)

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503 Responses

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  1. sunil Says:
    March 23rd, 2010
    Posted at: 1:25 pm

    cb how do u expect market to close any bounce back expected


  2. DS Says:
    March 23rd, 2010
    Posted at: 1:26 pm

    Dear CB,

    Do u think it makes sense to Exit Unitech 75 and ONGC 1100 call today or wait for some rise day after tom?

    Warm Regards,

    DS


  3. rohit Says:
    March 23rd, 2010
    Posted at: 1:26 pm

    Hi cb
    can we enter in market now, or shal we wailt for some time?

    what the lower level of market


  4. sunil Says:
    March 23rd, 2010
    Posted at: 1:27 pm

    cb, can rcom be bought at 168 for 1month?


  5. CB Says:
    March 23rd, 2010
    Posted at: 1:29 pm

    Hi amit, yes, hold it. keep sl at 5200

    Hi sunil, we may close flat.

    Hi DS, exit today.


    Hi rohit, wait for some dip to make fresh investments.

    Hi sunil, no, not yet


  6. sadiq Says:
    March 23rd, 2010
    Posted at: 1:29 pm

    hi cb sir
    hi guys,
    is it true that it is profitable to buy a call or sell(short) a put...
    also, can i buy nifty 5200pe now?


  7. ASHDIN Says:
    March 23rd, 2010
    Posted at: 1:31 pm

    sir can i buy chambal fro intraday


  8. CB Says:
    March 23rd, 2010
    Posted at: 1:31 pm

    Hi sadiq, options are high risk bets. for now one can enter a put with strict sl at 5250.


  9. Nall's Says:
    March 23rd, 2010
    Posted at: 1:31 pm

    Europe is in green slightly


  10. DS Says:
    March 23rd, 2010
    Posted at: 1:31 pm

    Dear CB,

    Unitech is now @ 0.2...and ONGC is now at 1.05....how high can they go?And on Thursday markets will fall further is it?


    Warm Regards,

    DS


  11. MUKESH Says:
    March 23rd, 2010
    Posted at: 1:31 pm

    CB Sir, Can i enter Hdil April Future?


  12. amit Says:
    March 23rd, 2010
    Posted at: 1:32 pm

    should i short 5200 call to hedge my buy of 5200 call


  13. sadiq Says:
    March 23rd, 2010
    Posted at: 1:32 pm

    thank u very much sir, wat abt 5300pe, got a broker's tip on that too.


  14. Shanthi Says:
    March 23rd, 2010
    Posted at: 1:32 pm

    Hi CB, what about Europe ?


  15. CB Says:
    March 23rd, 2010
    Posted at: 1:33 pm

    Hi Nall’s, thanks

    Hi DS, not really sure how markets would be on thrusday. since options price is too low. we shall leave it till thrusday

    Hi amit, wont really profit much with this strategy


  16. CB Says:
    March 23rd, 2010
    Posted at: 1:34 pm

    Hi MUKESH, no, not yet

    Hi sadiq, most welcome. one can enter put with sl at 5250

    Hi Shanthi, its slightly positive.

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