Quotes with Resistance & Support
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Intraday calls for 23-12-08

Posted on: December 23rd, 2008 at 9:24 am

Markets likely to open weak..
Nifty has support at 2980.
Short sell: Reliance Industries (below 1280) and HDFC.

Incase markets see recovery later during the day, buy: JM Financial.

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125 Responses

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  1. Ganesh Says:
    December 23rd, 2008
    Posted at: 10:50 am

    Can I short RIL at this point 1273..?


  2. Uday Says:
    December 23rd, 2008
    Posted at: 10:50 am

    CB can i reliance communications...


  3. snt Says:
    December 23rd, 2008
    Posted at: 10:53 am

    what di you say abt Unitech/BEML/Orbit/Noida toll for today?


  4. CB Says:
    December 23rd, 2008
    Posted at: 10:53 am

    Hi Ganesh, yes, with a sl at 1280. .

    Hi Uday, no..


  5. snt Says:
    December 23rd, 2008
    Posted at: 10:54 am

    what do you say market will go up later today or not?


  6. CB Says:
    December 23rd, 2008
    Posted at: 10:56 am

    Hi snt, Noida can be bought on dips.. not sure if we recover because as of now we bounced from our support at 2980


  7. kinjal Says:
    December 23rd, 2008
    Posted at: 10:58 am

    hi cb any calls?


  8. abu Says:
    December 23rd, 2008
    Posted at: 11:02 am

    SIR CAN I BUY AXIS BANK THIS LEVAL


  9. CB Says:
    December 23rd, 2008
    Posted at: 11:02 am

    Hi kinjal, as of now none.


  10. kinjal Says:
    December 23rd, 2008
    Posted at: 11:03 am

    i hve short tata steel at 216, shall i hold? whats your view and targets on that?


  11. CB Says:
    December 23rd, 2008
    Posted at: 11:08 am

    Hi kinjal, if markets remain weak it could touch 212.. keep a sl at 218..


  12. parag Says:
    December 23rd, 2008
    Posted at: 11:13 am

    here is chance for recovering market?


  13. mitesh Says:
    December 23rd, 2008
    Posted at: 11:13 am

    hey cb, what about dlf??? will it jump back..


  14. CB Says:
    December 23rd, 2008
    Posted at: 11:13 am

    Hi parag, not sure.. Dow futures also truned from negative to marginally in green


  15. Uday Says:
    December 23rd, 2008
    Posted at: 11:15 am

    Ganesh i think you can 't go for short with reliance 1270.50 now


  16. Ganesh Says:
    December 23rd, 2008
    Posted at: 11:21 am

    Hi CB, what to do with reliance..? Shall I wait some more time..?

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