Quotes with Resistance & Support
Market Information

Intraday calls for 24-09-12

Posted on: September 24th, 2012 at 8:36 am

Markets likely to open slightly lower. Support for nifty is at 5640 and resistance at 5710

Buy Amara Raja Batteries on dips near 395-398, target: 408. Stoploss: 388 – (If entered Amara Raja at opening, book profit at 414)

Sell Jaiprakash Associates at 83.30, target: 80. Stoploss: 85.50 – (SL triggered in JP. if holding in futures, continue to hold)

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670 Responses

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  1. Kb Trader Says:
    September 24th, 2012
    Posted at: 2:59 pm

    Hi SAI, GA .. hahah.. :)

    Hi Aabha, nifty is at an exit levels.. p.booking will come in main stocks.


  2. Pradeep Says:
    September 24th, 2012
    Posted at: 3:02 pm

    i think there are no higher or lower levels in stocks and nifty as such.. there are buy and or sell levels instead... except ofcourse some no trading zones which usually appears 70% of the time


  3. SaiPalanivel Says:
    September 24th, 2012
    Posted at: 3:03 pm

    HI CB SIR,NIFTY 5680 CLOSING BASIS LOOKING STRONG?


  4. CB Says:
    September 24th, 2012
    Posted at: 3:07 pm

    Hi Raasi, ill chk them

    Hi Aabha, yes, seeing quite a bit of buying interest

    Hi SS, yes. currently since we do not have a registration format, people can use multiple id's. shall have a word with the programmer

    Hi Pradeep, thanks

    Hi Pravin, these are good bets. hold onto these.


  5. MK Says:
    September 24th, 2012
    Posted at: 3:07 pm

    Dear CB, KB, SR, SS,ROBOTGUY
    Very GA.
    CB Sir As always thanks once again for answering my querries and giving valuable guidance. What are your views on market. Will Nifty go to 5800 / 5900 /6000
    in coming days . Is it good to enter Axis Bank now


  6. CB Says:
    September 24th, 2012
    Posted at: 3:07 pm

    Hi SaiPalanivel, above 5640 does look strong.


  7. Karan Sharma Says:
    September 24th, 2012
    Posted at: 3:08 pm

    Hi CB,

    Can i sell J P Associates (Futures) @ CMP?


  8. Munna Says:
    September 24th, 2012
    Posted at: 3:08 pm

    Hi CB, Shorted INFY @ 2600. Pls advise what to do.


  9. CB Says:
    September 24th, 2012
    Posted at: 3:09 pm

    Hi MK, Good afternoon. you are always welcome. nifty if breaks 5640 could test 5580 it seems

    Hi Karan Sharma, yes

    Hi Munna, its a hold. can see 2570


  10. Asit Says:
    September 24th, 2012
    Posted at: 3:09 pm

    Bought rcap sept 440ce@8 can i hold


  11. Sad Says:
    September 24th, 2012
    Posted at: 3:09 pm

    Hi CB, 5655 closing level for today?


  12. CA.Tejas Says:
    September 24th, 2012
    Posted at: 3:09 pm

    Hi CB, Holding Dewan Housing @ 175 levels should I book profit or wait... if wait what tgt it can see??


  13. CB Says:
    September 24th, 2012
    Posted at: 3:10 pm

    Hi Asit, ok. hold it. can see 420


  14. Munna Says:
    September 24th, 2012
    Posted at: 3:10 pm

    Also bought NIFTY 5600 PE @ 13.10 when spot was @ 5690. Now NIFTY spot is @ 5665, but 5600 PE @ 11.00. Shall I hold till tomorrow or exit today? Holding 50 lots.


  15. Ankur Says:
    September 24th, 2012
    Posted at: 3:10 pm

    cb sir thanks for ur opinion on sbi pe. sir, whats abt maruti suzuki tomorrow


  16. CB Says:
    September 24th, 2012
    Posted at: 3:10 pm

    Hi Sad, yes, seems may close there

    Hi CA.Tejas, its a hold for now. can see 200

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