Quotes with Resistance & Support
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Intraday calls for 28-04-10

Posted on: April 28th, 2010 at 8:21 am

Markets likely to see a gap down opening. Support for nifty is at 5200.

On Intraday dips buy ITC Ltd with stoploss at 262-263.

Trade in small quantities.

9.25 AM – Book profits in BTST call (Banswara syntex) at cmp 132

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671 Responses

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  1. shiva Says:
    April 28th, 2010
    Posted at: 8:52 pm

    R u sure that RIL will see 950 levels again???


  2. Jagdish Says:
    April 28th, 2010
    Posted at: 9:04 pm

    Hi suzane, thanks


  3. Kartik Says:
    April 28th, 2010
    Posted at: 9:07 pm

    Hi suzane, Face value helps the company to divide its capital into shares, eg in 10 parts, hence it is treated as 10rs, this is called the face value of the share. If a company wants to make a public capital of 100rs, and decides to split it in 10 parts, then its face value will be 10 (with a total of 100) shares, when a stock is split, its face value is also reduced, due to the change in the public capital pattern. There are chances that a stock might again to a price near its before split value, this normally happens for Fundamentally strong bets (but in the Long run, say 5+ years)

    Hi shiva, yes, if markets mange to give a bounce from 5150 levels, they too you may enter it, since it acts as a major support level

    Hi Akash, the stock is currently trading at its 52-wk high, its run up quite a lot in the past few days, and might see some consolidation around 70 levels, it can see around 72-75 in a months time


  4. Akash Says:
    April 28th, 2010
    Posted at: 9:13 pm

    Hi Kartik, Oh. So I will try to exit around 68-69 (70 wud be better if we can see tomorrow) and then we will buy something else for another 7-8% return in 2-3 days.. This is the only way I can cover some loss.. otherwise holding the stock for long term not gonna help... I want min 1% profit everyday.. But see, how unfortunate I am that it is also not happening.. :(


  5. souvik Says:
    April 28th, 2010
    Posted at: 9:24 pm

    Hi Sir,

    What will be target of Repro India Ltd for 1-2 months time frame?


  6. rajeev Says:
    April 28th, 2010
    Posted at: 9:47 pm

    hi cb whats ur opinion about navneet publications, im having 300 at 56. i can hold it for 1 month.........advice me pls


  7. shipra Says:
    April 28th, 2010
    Posted at: 9:48 pm

    HI KARTIK/ CB plz let me know wt level to enter mclleod


  8. shipra Says:
    April 28th, 2010
    Posted at: 9:49 pm

    and also hdil


  9. Kartik Says:
    April 28th, 2010
    Posted at: 9:50 pm

    Hi Akash, it would be better if you book 50% profits around 70 and hold the rest for another 2-3 months time

    Hi rajeev, it can see 65+ levels in a months time, hold it

    Hi shipra, you may enter it around 210 levels for Long term investment, it can do well

    Hi souvik, it can see 150 in 2-3 months time


  10. Akash Says:
    April 28th, 2010
    Posted at: 9:53 pm

    Hi Kartik, If it can see 70 tomorrow, then it will be good bcoz I have 17000 Rs. (around 270 of LITL) in margin which I need to cover asap. IndiBulls may sell my share tomorrow also... :(


  11. shiva Says:
    April 28th, 2010
    Posted at: 9:59 pm

    Whats shd be my view for CUB???if we consider last 6 months , longer term investments hv not been wise choices


  12. varun soni Says:
    April 28th, 2010
    Posted at: 10:02 pm

    hey kartik..i m again short on cipla futures may @ 332..wat to do?>


  13. Don Says:
    April 28th, 2010
    Posted at: 10:08 pm

    Stuck with McDowell @ 1278, India Infoline @ 121 and making loss. Please advice on what to invest tommorrow morning to make some money.


  14. Golden Bull Says:
    April 28th, 2010
    Posted at: 10:12 pm

    HAI CB/KARTHIK,

    UR OPINION ABOUT FCS SOFTWARE AND INDIA BULL REAL ESTATE ??


  15. pankaj Says:
    April 28th, 2010
    Posted at: 10:32 pm

    hi Kartik, if m not wrong u have given tgt of rs. 150/- for repro inda?? if yes is that tgt ambitious a bit since its 52 week high is only rs.133/-? thanx.


  16. Kartik Says:
    April 28th, 2010
    Posted at: 10:41 pm

    Hi Akash, not sure abt tomorrow, since Global markets seem to trade weak, but it can do well in the Short run

    Hi shiva, at current levels invset in Tyche Industries instead, it can give good returns

    Hi Shads, markets are very volatile, you may enter at PUT if we mange to go below 5150 on Nifty

    Hi varun soni, it faces strong support at 324, a close below this could take it to 310 levels, hold it with a SL at 340 on the upside

    Hi Don, it would be better if you hold them for Short term, they can give good returns, as they are fundamentally strong bets

    Hi Golden Bull, dont enter them yet, wait for some time

    Hi pankaj, yes, its a fundamentally strong bet, and can do that in 2-3 months time

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