Quotes with Resistance & Support
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Intraday calls for 31-12-08

Posted on: December 31st, 2008 at 9:28 am

Markets likely to see a positive opening.
Nifty has some resistance at 3020.

Buy Reliance Infrastructure for a target of 605. Stoploss: 575.

If we see profit booking later during the day, short sell: HDIL.

Wish you and your Family a very happy and a prosperous New Year!!

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135 Responses

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  1. madhukar Says:
    December 31st, 2008
    Posted at: 2:05 pm

    2day market green or red?


  2. CB Says:
    December 31st, 2008
    Posted at: 2:07 pm

    Hi madhukar, maybe Green.. not sure though..


  3. serenity Says:
    December 31st, 2008
    Posted at: 2:10 pm

    Hi CB, shud one buy kaushalya at present levels/ wait for dip?


  4. krishna_hyd Says:
    December 31st, 2008
    Posted at: 2:12 pm

    Dear CB, shall i now enter with Unitech, Reliance and Reliance infra ?? for intraday ? as they are at todays low.


  5. uniyal Says:
    December 31st, 2008
    Posted at: 2:17 pm

    Hi Sir, Is it right time to short sell DLF and HDIL @ 283 and 133. Should i short sell or buy for intraday


  6. CB Says:
    December 31st, 2008
    Posted at: 2:21 pm

    Hi serenity, wait for some time.

    Hi krishna_hyd, Dont enter now.. markets have been flat all day and may see some action either ways after 2.30pm..

    Hi uniyal, wait for some more time and if Nifty shows breaks 2950 short HDIL..


  7. krishna_hyd Says:
    December 31st, 2008
    Posted at: 2:34 pm

    Dear CB, Unitech - Is it a buy for short term or BTST below 40 ? I would like to cover if it slips below 39.


  8. CB Says:
    December 31st, 2008
    Posted at: 2:37 pm

    Hi krishna_hyd, no, its not a buy for short term.. Buy on dips around 34-35..


  9. CB Says:
    December 31st, 2008
    Posted at: 2:37 pm

    I WILL BE BACK IN 1 HOUR..


  10. raj Says:
    December 31st, 2008
    Posted at: 3:13 pm

    cb what about the markets tomorrow. we reach 3000 in nifty and then from there returns back. do market will hold these levels or this is the indication of some other downfall.

    can i buy relinfra today again at arnd 574.


  11. Tipguru Says:
    December 31st, 2008
    Posted at: 3:26 pm

    Can rajesh exp,gtl infra&indusind bank be bought at present level for very short term?(due to pakage from govt)


  12. CB Says:
    December 31st, 2008
    Posted at: 8:21 pm

    Hi raj, Will have to check how US markets end and also Asian markets tomorrow.. Relinfra has very strong support at 570-575.. one can buy with a strict sl at 575.

    Hi Tipguru, Markets are already factoring in the package and stocks hense are seeing an upmove.. After the announcement we might see a gap up and then profit booking would come in.. On dips buy Lanco - it can touch 175. sl 152.


  13. Tipguru Says:
    January 1st, 2009
    Posted at: 12:43 am

    Dear cb, wishing u&your whole team a happy and prosperous new year.


  14. CB Says:
    January 1st, 2009
    Posted at: 3:48 am

    Hi Tipguru, Same to you. Wish you and your Family a very happy and a prosperous new Year..


  15. nick Says:
    February 9th, 2009
    Posted at: 12:29 am

    Hi, i have two stock (Aftek Ltd & ACE) what is the future with these two stock.i have bought these stock recently.....


  16. CB Says:
    February 9th, 2009
    Posted at: 2:14 am

    Hi.. I would advice to exit Aftek on rise.. ACE is a strong company fundamentally and is doing well.. It will give good results in short term..

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