Quotes with Resistance & Support
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Intraday calls for 24-08-09

Posted on: August 24th, 2009 at 9:15 am

Buy Wockhardt for a target of 172. Stoploss: 159.

If markets show weakness later during the day, Sell: Tata Steel and Firstsource Solutions.

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666 Responses

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  1. dd Says:
    August 24th, 2009
    Posted at: 3:42 pm

    Hi CB, I am holding TANLA now cmp @ 57.50 , last 3 days it is moving with good volume , but today eventhough it closed in green its volume decreased drastically. So is it wise to sell it & reenter at lower levels?


  2. ashok Says:
    August 24th, 2009
    Posted at: 3:51 pm

    Hi CB, I am holding JPHYDRO @ 86.00 what to do? I can't wait after 31st Aug'09. Please advise.


  3. CB Says:
    August 24th, 2009
    Posted at: 4:04 pm

    Hi AC, 15-20 days

    Hi anwer, they can add another 5%

    Hi dd, thats fine.. keep holding it with a strict stoploss..

    Hi ashok, hold it for short term..it can see 95.. till 31st it can see 88 if markets remain positive..keep sl at 82


  4. sunil Says:
    August 24th, 2009
    Posted at: 4:07 pm

    Cb i am still holding nifty as per your suggestion can i get back nifty to my levels
    if dow moves higher today i think il be in huge loss and i dont think il get my level soon
    shorted @4500


  5. CB Says:
    August 24th, 2009
    Posted at: 4:08 pm

    Hi sunil, yes. hold onto ur short..if nifty opens higher tomorrow avg it out..we will see some profit booking soon


  6. AC Says:
    August 24th, 2009
    Posted at: 4:08 pm

    HI CB WHEN U SAY SHORT TERM WHAT DURATION DOES THAT MEAN?


  7. CB Says:
    August 24th, 2009
    Posted at: 4:09 pm

    Hi AC, 15-20 days


  8. Shiny Says:
    August 24th, 2009
    Posted at: 4:15 pm

    Hi Cb, what ur view on Alka Sec?


  9. Trader Says:
    August 24th, 2009
    Posted at: 4:20 pm

    Hi-
    How abt 3i and Vishal info? Can we enter at these levels for short term?


  10. sadeesh Says:
    August 24th, 2009
    Posted at: 4:27 pm

    people say they got bonus share and few yet to get on vishal info.
    now if im getting vishal info now....will i get bonus shares?
    will it reach rs 30 in a month?


  11. DS Says:
    August 24th, 2009
    Posted at: 4:27 pm

    Dear CB,

    As per technicals isnt the market expected to face a big crash and then start rallying?And could you advise some links as to understand the fundamentals of technical analysis.

    Warm Regards,

    DS


  12. CB Says:
    August 24th, 2009
    Posted at: 4:30 pm

    Hi Shiny, its a good bet for med/long term..

    Hi Trader, not sure about 3i.. vishal can be bought in small quantity

    Hi sadeesh, bonus has already been given.. you wont get bonus shares if you buy now.. not sure of 30 but can see 23

    Hi DS, we are still trading in a range of 4350-4700.. some downside is likely after this rally.. to download books on tech analysis visit: http://nseguide.com/download-free-ebooks/


  13. AR Says:
    August 24th, 2009
    Posted at: 4:30 pm

    According 2 u , wat's the lowest level of Nifty that we r gonna c in near term?????Wat will b the market trend during the festive season??????what'll be the stocks that may come good during that time???????? Pls advice.....


  14. CB Says:
    August 24th, 2009
    Posted at: 4:31 pm

    Hi AR, markets can see 4500 in short term. if we manage to cross resistance at 4700 we can head upto 4800


  15. AR Says:
    August 24th, 2009
    Posted at: 4:33 pm

    How dos the market behave during the festive season(Diwali)???????


  16. manju Says:
    August 24th, 2009
    Posted at: 5:08 pm

    Hello CB,Karthik,
    Is it good to buy Uttam galva steel @CMP. what could be its target in 2-3 weeks.

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