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Intraday calls for 29-01-10

Posted on: January 29th, 2010 at 8:16 am

Markets likely to see a weak opening..

If markets show recovery later during the day, buy: Sintex Industries

update: 11.15pm – CRR has been hiked by 75 bps to 5.75% versus 5% while the Repo Rate and Reverse Repo Rate have been left unchanged – News is not as expected by market participants. but nifty could see some short covering after this news.

12: 15pm : Intraday call: BUY JET AIRWAYS CMP: 512, Target: 525, SL 500 – (exit positions at 507)

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674 Responses

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  1. Raj Says:
    January 29th, 2010
    Posted at: 8:16 am

    Morning CB, is market expected to crash today???


  2. CB Says:
    January 29th, 2010
    Posted at: 8:17 am

    Hi Raj, may open 50-60 points lower. later during the day markets will take queue from the outcome of the RBI meet.


  3. CB Says:
    January 29th, 2010
    Posted at: 8:22 am

    Hi Adil, if possible avg it around 220 levels. fundamentally its a strong bet and will recover once markets settle

    Hi Raj, hike upto 50 bps point is fine... it will do well. hold it.

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