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Intraday calls for 29-07-09

Posted on: July 29th, 2009 at 9:25 am

Buy Nagarjuna Construction at 150-152, target: 160. Stoploss: 147

If markets show weakness later during the day, sell: ING Vysya bank.

Stocks at resistance levels – Watch for positive breakout:
Dr. Reddys Laborataries – Buy above 828, target: 850. Stoploss: 820
Sterlite Industries – Buy above 670, target: 690. Stoploss: 663
BHEL – Buy above 2300, target: 2350. Stoploss: 2283

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577 Responses

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Comment pages: 293031323334353637Show all

  1. nani Says:
    July 29th, 2009
    Posted at: 4:46 pm

    Hi akansha,
    The repurchase of outstanding shares by a company in order to reduce the number of shares on the market. Companies will buy back shares either to increase the value of shares still available.


  2. Anwer Says:
    July 29th, 2009
    Posted at: 4:53 pm

    Hi sunil

    on 31st


  3. AR Says:
    July 29th, 2009
    Posted at: 4:57 pm

    What will be the target price for Murudeshwar Ceramics by tomorrow????


  4. Rams Says:
    July 29th, 2009
    Posted at: 5:30 pm

    Hi sunil

    suzlon results on 31st july 2009.


    CB,

    What does the buy back means exactly .How can it effect the share price..Up or down?


  5. siraj Says:
    July 29th, 2009
    Posted at: 6:14 pm

    hai cb

    tom nifty will touch 4600 or not

    i m waiting for ur fantastic reply


  6. sunil Says:
    July 29th, 2009
    Posted at: 6:26 pm

    Hi Rams,
    Buy back means Re-Purchasing the shares from the market, this is one of the stratergy used by companies to increase the price of the share.
    It will definetely add value to the share


  7. ramamoorthy Says:
    July 29th, 2009
    Posted at: 6:27 pm

    Hi sunil,
    which share isgoing to te be buy backed


  8. CB Says:
    July 29th, 2009
    Posted at: 6:29 pm

    Hi Manthan.R, yes..lets hope for the best

    Hi akansha, Nani is right.. company buys back shares from the market at a rate higher or lower from the current market price. news of buy back is not confirmed. it's only a rumor

    Hi Anwer, it can see 5-6rs

    Hi sunil, on the 31st

    Hi Kartheek, it can see 450 if markets improve

    Hi AR, it can see 30.50-31

    Hi Rams, if company plans to buy back shares at a higher rate that wat it is trading at, stock will move higher and vice versa.. news of buy back is not confirmed. it's only a rumor

    Hi siraj, depends on global markets.. if US closes in the green, we could see some upmove.


  9. CB Says:
    July 29th, 2009
    Posted at: 6:30 pm

    Hi ramamoorthy, its not confirmed news. Only a rumor surrounding Suzlon.


  10. Mathew Says:
    July 29th, 2009
    Posted at: 6:31 pm

    Hi sunil, It doesn't happen that way Sunil. Companies don't generally try to increase the share price. Rather, buy back is resorted to reduce the outstanding shares with the public, or in short, they sold the shares when they needed money, thereby diluting their ownership. Now when they have money, they try to purchase it back, to increase ownership. Share price increase will be a function of reduced number of shares in the market after the buy back.


  11. AR Says:
    July 29th, 2009
    Posted at: 6:43 pm

    Whether Murudeshwar can see 33/34 by this week ?????


  12. shiv Says:
    July 29th, 2009
    Posted at: 6:57 pm

    Hi, any share which is good to buy @ cmp after todays dip?


  13. Shiv Says:
    July 29th, 2009
    Posted at: 6:57 pm

    cb ur comments on Resurgere Mines hv it @108


  14. Adil Says:
    July 29th, 2009
    Posted at: 6:59 pm

    Hi cb r we expect suzlon result wil be better can buy for 5days


  15. ramsingh Says:
    July 29th, 2009
    Posted at: 7:08 pm

    Hai CB!
    Sorry about Yesterday i have not saw ur post in Ennore coke.I sell 31.50 level.So, Plese suggest about at what level again i have enter.


  16. Sid Says:
    July 29th, 2009
    Posted at: 8:24 pm

    Hi CB,
    What share do u suggest for maximum return from a week point of view.......Thx

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