Quotes with Resistance & Support
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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. AN Says:
    September 24th, 2012
    Posted at: 3:17 pm

    Hi CB, I have some US dollars, shall I convert them to INR or wait for some time to get
    a better rate?


  2. Munna Says:
    September 24th, 2012
    Posted at: 3:17 pm

    Hi CB, Exited from JP short @ 83.40. Can I short again @ 84?


  3. CB Says:
    September 24th, 2012
    Posted at: 3:17 pm

    Hi SS, cover near 343

    Hi sanzy, not yet. exit if nifty breaks 5640


  4. Ripul Says:
    September 24th, 2012
    Posted at: 3:17 pm

    Hi CB,
    Not in profit.... its gone down towards the end of the day..
    bought 90 CE @ 3.10...


  5. Aabha Says:
    September 24th, 2012
    Posted at: 3:17 pm

    Hi Kb Trader, Ok. but any further rise in nifty after some profit booking will take sbi to higher levels again? I am holding sbi for a long time...Was hoping to exit wth some profit and then it just slashed suddenly...


  6. K.V.LAXMI Says:
    September 24th, 2012
    Posted at: 3:18 pm

    CB SIR, IAM HOLDING LT 140@1530.
    CAN I EXIT NOW?
    THANKS


  7. CB Says:
    September 24th, 2012
    Posted at: 3:18 pm

    Hi Pradeep, yes, does have resistance at 2250

    Hi Munna, yes

    Hi Ripul, ok. keep sl near 83.80 and hold for now.


  8. dak Says:
    September 24th, 2012
    Posted at: 3:18 pm

    Cb, how about HDFC - couldnt go above 635 levels today


  9. CB Says:
    September 24th, 2012
    Posted at: 3:18 pm

    Hi K.V.LAXMI, yes, book profit for now.


  10. YASH Says:
    September 24th, 2012
    Posted at: 3:18 pm

    CB
    any idea @ wat level nifty close


  11. Venkat Says:
    September 24th, 2012
    Posted at: 3:19 pm

    CB SIR CAN I Buy 5700 CE @ 30


  12. CB Says:
    September 24th, 2012
    Posted at: 3:19 pm

    Hi YASH, seems near 5660-5670

    Hi Venkat, no, not sure yet.


  13. CB Says:
    September 24th, 2012
    Posted at: 3:19 pm

    Hi dak, yes, its a slow mover. in short term can see 650


  14. Avisek Says:
    September 24th, 2012
    Posted at: 3:20 pm

    please give one good short term call in a week sir .......


  15. CB Says:
    September 24th, 2012
    Posted at: 3:20 pm

    Hi Avisek, can add gmdc near 195


  16. SS Says:
    September 24th, 2012
    Posted at: 3:20 pm

    Hi CB, Thanks...Do you see some correction in LICHF and Telco ? Both shorts

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