Quotes with Resistance & Support
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Intraday calls for 28-01-11

Posted on: January 28th, 2011 at 8:29 am

Markets likely to open lower, Nifty looks weak below its 200 DMA of 5615, if we manage to close below 5615 for a couple of days, we could see 5500 and lower levels

Sell ABB around 720, Target: 705, SL 732 (book profits at 703)

10.13AM – Sell edserv softsystems at 146.60, target: 142. Stoploss: 149.50 – (book profit at 142)

2.03PM – sell bajaj auto at 1246, target: 1228. Stoploss: 1262 – (exit positions at 1256)

Nifty Index/Future Live Chart with RSI, MACD, Slow Stochastic – Click to view

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699 Responses

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  1. Tejas Says:
    January 28th, 2011
    Posted at: 10:51 am

    Hi CB,sir whats ur look on the markets over all??


  2. SAGAR Says:
    January 28th, 2011
    Posted at: 10:54 am

    Hi CB ,

    I bought IDBI 12 shares Yesterday via diet odin , but today when I hit Alt+ F6 ; there is nothing like IDBI. Please help me .


  3. Nall's Says:
    January 28th, 2011
    Posted at: 10:55 am

    I think Market has bottomed out at 5555 it might rise..


  4. Lalith Says:
    January 28th, 2011
    Posted at: 11:00 am

    SELL SESA GOA - TGT 325-323-320 SL 338.00


  5. Lalith Says:
    January 28th, 2011
    Posted at: 11:01 am

    Hi ramaswamy, No, not yet


  6. Lalith Says:
    January 28th, 2011
    Posted at: 11:08 am

    Follow the trend, trend is your friend :) , so go short on selected stocks now


  7. KSK Says:
    January 28th, 2011
    Posted at: 11:09 am

    cb had 20K LOSS IN m&m CE yest.. i hv 5k to recover that money back.. give me some options tips..


  8. Lalith Says:
    January 28th, 2011
    Posted at: 11:09 am

    This is a NOT TO BUY market, wait until we see an upward momentum creeping in....


  9. Lalith Says:
    January 28th, 2011
    Posted at: 11:11 am

    Hi KSK, sad to hear that :( , friend i would suggest you to wait for a while, Options have become real risk these days....


  10. Bull Says:
    January 28th, 2011
    Posted at: 11:12 am

    hi CB, what is the issue in market ? I heard unconfirmred reports of IMF has issued warning against India ? i.e. downgraded india due to debt and inflation .. I am holding 2 lots Educomp @ 537.. currently it is hovering around strong support 480.. Please suggest hhow long to hold ? or book loss ?


  11. Lalith Says:
    January 28th, 2011
    Posted at: 11:14 am

    Hi Bull, All due to bloody politics, unable to control the inflation rate.....FIIs losing faith in indian markets, Money is being driven out of our markets....


  12. Geethika Says:
    January 28th, 2011
    Posted at: 11:16 am

    GOOD MORNING ALL
    V.I.P. Industries Ltd. for Q3 ended Dec 31st 2010, increased to Rs. 2bn up from Rs. 1.67bn, a growth of 20% over Q3 of the previous year. Consolidated Q3 PAT was Rs. 300mn compared to Rs. 148mn in Q3 of the previous year, a growth of 103 %.The consolidated PAT for nine months ended Dec 31st 2010 was Rs. 726mn, up from Rs. 391mn., a growth of 86% over the previous year.


  13. CB Says:
    January 28th, 2011
    Posted at: 11:17 am

    sorry, was not online before.

    Hi Bull, yes . too many issues politically and quite a few scams too. also had a good rally last year. possible see some correction

    Hi KSK, sorry to hear about it. as of now nothing new yet. lets wait till markets settle a bit.


  14. Geethika Says:
    January 28th, 2011
    Posted at: 11:17 am

    JSW Steel corrected 5.32% to Rs. 914.20 at 11:02 IST after consolidated net profit fell 32.11% to Rs. 291.72 crore on 24.4% increase in net sales to Rs. 5964.81 crore in Q3 December 2010 over Q3 December 2009.


  15. Lalith Says:
    January 28th, 2011
    Posted at: 11:18 am

    Hi CB, Welcome back :)


  16. Bull Says:
    January 28th, 2011
    Posted at: 11:18 am

    yaa.. but what about Educomp Sir ji.. hold or exit ? i am holding at 437 2 lots feb.. CMP 480.. strong support.. any hope to recover in light of budget

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