Quotes with Resistance & Support
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Intraday calls for 30-03-10

Posted on: March 30th, 2010 at 8:18 am

Markets likely to see a flat opening. Support for nifty is at 5250 and resistance at 5320.

If markets show weakness later during the day, sell: JSW Steel. – (book profits at 1245)

9.03 am – To hedge longs buy a 5300 put at cmp 96 – ( if holding more than 1 lot, then book partial profit at cmp 122 and hold rest with trailing sl at 5270)

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526 Responses

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Comment pages: 5678910111213Show all

  1. CB Says:
    March 30th, 2010
    Posted at: 9:25 am

    Hi sandy, yes, seeing some profit booking after yesterdays move. hold it for some time. can recover back to 775.


  2. CB Says:
    March 30th, 2010
    Posted at: 9:26 am

    Hi Pranav.M, short in small quantity as of now


  3. LP Says:
    March 30th, 2010
    Posted at: 9:27 am

    Hi CB,

    thanks


  4. ANIL SAH Says:
    March 30th, 2010
    Posted at: 9:28 am

    HI CHIRG,I M BUY UNITECH 75 CALL @ 2.5.SO I M HOLD ?????


  5. CB Says:
    March 30th, 2010
    Posted at: 9:28 am

    Hi LP, most welcome

    Hi ANIL SAH, yes, hold it.


  6. dak Says:
    March 30th, 2010
    Posted at: 9:28 am

    CB, can you explain what is meant by “to hedge longs” ?


  7. RK Says:
    March 30th, 2010
    Posted at: 9:28 am

    Hi CB,
    I am short on Nifty May series @ 5235. Can i hold it ? If i can average at what levels should i average ?


  8. LEO Says:
    March 30th, 2010
    Posted at: 9:29 am

    CB................. Any news abt KOTAKBANK


  9. CB Says:
    March 30th, 2010
    Posted at: 9:30 am

    Hi dak, in case markets come down a bit, you wont loose much because of the gain in shorts.

    Hi RK, yes, hold it. avg if nifty moves near 5350

    Hi LEO, no, not sure.


  10. Arasu Says:
    March 30th, 2010
    Posted at: 9:30 am

    CB, i shorted Unitech futures @ 72.9 yesterday... now it went 73.9.. shd i exit... what to do???


  11. Raj Says:
    March 30th, 2010
    Posted at: 9:30 am

    Hi Cb have bought ambuja cement @ 123.1 pls suggest for intraday...


  12. Shanthi Says:
    March 30th, 2010
    Posted at: 9:31 am

    Hi CB, why infosys goes very down ? i haave @2710. can i wait for intra day ?


  13. sandy Says:
    March 30th, 2010
    Posted at: 9:31 am

    Thanks CB Sir


  14. suresh s s Says:
    March 30th, 2010
    Posted at: 9:32 am

    hi cb
    this is right time to enter spice jet? short target?


  15. dak Says:
    March 30th, 2010
    Posted at: 9:33 am

    Thanks CB.


  16. CB Says:
    March 30th, 2010
    Posted at: 9:33 am

    Hi Arasu, hold it. keep sl around 75

    Hi Raj, it can see 125. hold it.

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