Quotes with Resistance & Support
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Intraday calls for 28-09-12

Posted on: September 28th, 2012 at 8:25 am

Markets likely to open higher, Support for nifty is at 5640 and resistance at 5710.

Buy Chambal Fertilizer’s around 76, target: 79.5, SL 73.5

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829 Responses

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  1. pankaj Says:
    September 29th, 2012
    Posted at: 2:54 pm

    dear sir. i was boy hpcl fut @ 308.50 how u looking on it. what is the target


  2. Be!ng Human Says:
    September 29th, 2012
    Posted at: 3:05 pm

    Hi Sashi Singh, No i don't follow any softwares. I am using chartlink.com as of now and thanks to CB for that. Select the RSI, Ichimoku and Aroon up-down tabs for previous 3 years. I already mentioned about using of RSI and Ichimoku charts in my previous posts.
    Coming to Aroon up and down, this indicator is used to predict the trend of market. The very basic concept of Aroon up-down indicator is, "Bulls will get the grip on market when Aroon-Up is above 50 and Aroon-Down is below 50 similarly Bears will grips the market when Aroon-Up is below 50 and Aroon-Down is above 50".
    By combination of these 3 indicators one can predict the trend of the market without any doubt. To know more about Aroon up-down, visit the following link,
    http://stockcharts.com/help/doku.php?id=chart_school:technical_indicators:aroon


  3. Be!ng Human Says:
    September 29th, 2012
    Posted at: 3:07 pm

    Hi CB, My two replies to VJ and Sashi singh in spam. Please approve them kindly. thanks.


  4. aabha Says:
    September 29th, 2012
    Posted at: 4:13 pm

    Hi Be!ng Human, Thanks for the early update sir n no need to say sorry....mistakes r dne by all...the gr8 ones just accept them n move on to correct them....just thecway u did. What do you suggest exit put immediatly or wait for a dip? and at what levels do u suggest entry in 6000 call?


  5. aabha Says:
    September 29th, 2012
    Posted at: 4:15 pm

    Hi CB, sirjee do u agree wth being human? exit puts and enter calls? or a correction expected in next week?


  6. CB Says:
    September 29th, 2012
    Posted at: 4:58 pm

    Hi Be!ng Human, most welcome

    Hi K.V.LAXMI, Good afternoon.

    Hi pankaj, its a hold can test 315

    Hi aabha, as of now can enter a ce if nifty manages to close above 5710 for 1-2 days. on the downside if breaks 5640 can test 5580


  7. ravindra Says:
    September 29th, 2012
    Posted at: 5:04 pm

    Thanks cb for ur suggestion on hcl


  8. LEO Says:
    September 29th, 2012
    Posted at: 5:33 pm

    Hi CB,

    Can we see 5100 again in this expiry / before Diwali ........


  9. gaps Says:
    September 29th, 2012
    Posted at: 5:35 pm

    Hi CB, how do u see pertronet next week


  10. Be!ng Human Says:
    September 29th, 2012
    Posted at: 5:38 pm

    Hi aabha, Y'r always welcome maam. Thanks for your kind and very warm post. If nifty holds above 5720-5730 for 1-2 days, sell the puts and buy calls immediately and hold them till Diwali. OR u can start buying calls partially[Eg: If u wish to buy 5 lots, buy 2 lots on Monday or Tuesday and buy another 3 lots on any possible dips]. I am not saying market will increase based on these rumors of FDI, Rupee appreciation, FIIs, economic growth etc, and am not NEWS-driven trader. Charts are indicating positive major uptrend[strong bull run] till it breaks the previous highs of 2010 and there at that level, the people who missed this rally starts buying and those smart traders who booked positions at early stages starts selling and u know the same old story repeats again. We got no option other than following the trend as 'current trend is your friend'.

    Hi CB, Thanx alot for approving CB.


  11. CB Says:
    September 29th, 2012
    Posted at: 5:43 pm

    Hi ravindra, most welcome

    Hi LEO, as of now seems a bit unlikely

    Hi gaps, it has good support at 155. can test 164

    Hi Be!ng Human, always welcome.


  12. VJ Says:
    September 29th, 2012
    Posted at: 7:34 pm

    Hi Be!ng Human,ge. please dont be sorry sir.you are doing great job.i buy calls slowly in dip and sell puts as you adviced.i didnot get loss in puts but loosed profit.no problem.its ok i will earn triple profit in ce.cb too told to buy calls above 5710.thank you sir.Hi CB, thanks sir,


  13. VJ Says:
    September 29th, 2012
    Posted at: 7:38 pm

    Hi CB,forget to wish, good evening sir


  14. RAVI Says:
    September 29th, 2012
    Posted at: 7:38 pm

    hi cb, can i enter tcs at cmp on monday


  15. CB Says:
    September 29th, 2012
    Posted at: 7:50 pm

    Hi VJ, :) Good evening..

    Hi RAVI, No, rupee is appreciating as of now. best to wait.


  16. Naran Says:
    September 29th, 2012
    Posted at: 8:05 pm

    The final report of the Parthasarathi Shome panel about GAAR and Retrospective tax submits on Monday. Market expecting some positive outcome.............,

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