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  1. Rajesh Says:
    August 24th, 2012
    Posted at: 8:09 pm

    Hi CB,

    How do we select a stock for Positional trade( 2 weeks). I regularly see he support and resistance levels in this site but am always confused where should I place the sl and targets. Should it be near support1 or support 2 or support 3. Should I look at the volumes and if so where. I am ot good at reading charts. Where can I learn about it. Are there any classes in Bangalore where I can attend it. I would like to Read charts well before I take a trades that I do not loose out. We have so many stocks how do we pick the right one from s o many. I don't think anyone will have time to review the charts of so many stocks. Please advise.

    Kartik, replies: Hi Rajesh, try tracking the major supports and resistance levels of stocks, you can get a list of stock breakouts in the Triple/Double Top/BOttom sections, you can draw trenlines on Stock charts at strong resistance levels On chartink.com and then track the stock for a while, tracking them can help you to understand their trends

  2. Jay Says:
    August 24th, 2012
    Posted at: 9:45 pm

    I have purchased Adani power Future at 41.85 Rs /lot. What is your view on these stock.

    Kartik, replies: Hi Jay, Adani Power looks weak, hold it with a SL at 40, would advice to exit from it on any possible rise on Monday

  3. Sri Says:
    August 24th, 2012
    Posted at: 9:48 pm

    Hi cb I bought 5000 shares of inox leisure at 60.5 wat should I do ??

    Kartik, replies: Hi Sri, if it continues to trade below 58 (support) on monday, exit from it, keep a SL at 58

  4. Kartik Says:
    August 24th, 2012
    Posted at: 10:24 pm

    Hi Rajesh, try tracking the major supports and resistance levels of stocks, you can get a list of stock breakouts in the Triple/Double Top/BOttom sections, you can draw trenlines on Stock charts at strong resistance levels On chartink.com and then track the stock for a while, tracking them can help you to understand their trends

    Hi Jay, Adani Power looks weak, hold it with a SL at 40, would advice to exit from it on any possible rise on Monday

    Hi Sri, if it continues to trade below 58 (support) on monday, exit from it, keep a SL at 58


  5. smile Says:
    August 24th, 2012
    Posted at: 11:27 pm

    GOOD EVEN KARTIK... plz give ur view on DLF..JINDAL STEEL .. AND BHARTI FOR MONDAY

    CB, replies: Hi smile, they look weak, could see some more downside

  6. sureshctc Says:
    August 24th, 2012
    Posted at: 11:41 pm

    Hi CB/Kartik,

    HSIL (Hindware) went down almost 8.5% & closed at 109, touched an intra-day low of 106.
    What is its major support?
    Want to value buy for two years.
    At what price should I enter the stock?
    Much appreciated..

    CB, replies: Hi sureshctc, it faced strong support at 120 and looks weak for now, wait for a few days till its prices settle

  7. bhavin Says:
    August 25th, 2012
    Posted at: 4:06 am

    how about power company i have adanipower 4000 @55 and 1980@29 of indiabulls power

    CB, replies: Hi bhavin, as of now these are going a bit weak. would advice to hold for med/ long term. fundamentally are sound bets. will do well in med/ long term.

  8. deepak Says:
    August 25th, 2012
    Posted at: 10:53 am

    hi i have Punjab alkalies 1000@29 ..i am holding this share for more than 2 yr why there is sudden hike in this price...any news and price targe

    CB, replies: Hi deepak, it has been posting weak results, seems may take a while to recover

  9. manish88 Says:
    August 25th, 2012
    Posted at: 12:35 pm

    dowjones 100 point + me band hua hai tay mrkt upar hai kya,

    CB, replies: Hi manish88, yes, looks may open higher on Monday

  10. mukul Says:
    August 25th, 2012
    Posted at: 12:39 pm

    hi,

    Holding [email protected] you see more downlise in hindalco or is it consolidating here?

    Thanks

    CB, replies: Hi mukul, below 120 it looks weak, would be better to exit

  11. mahendran Says:
    August 25th, 2012
    Posted at: 4:59 pm

    dear cb
    .long in AGC network at nearly 52 weeks high.but it had recorded a negative freez . What's your view on this scrip?
    should i exit on monday if freeze relases and book the loss ( can waite for one month ) or the scrip will bounce back.
    expecting your advice
    Thank you

    CB, replies: Hi mahendran, seems like an operator driven script. hold for now. some bounce is expected soon

  12. mahendran Says:
    August 25th, 2012
    Posted at: 4:59 pm

    dear cb
    .long in AGC network at nearly 52 weeks high.but it had recorded a negative freez . What's your view on this scrip?
    should i exit on monday if freeze relases and book the loss ( can waite for one month ) or the scrip will bounce back.
    expecting your advice
    Thank you

    CB, replies: Hi mahendran, seems like an operator driven script. hold for now. some bounce is expected soon

  13. shirish Says:
    August 25th, 2012
    Posted at: 5:27 pm

    sir,
    may i buy jain irrigation future for near month

    CB, replies: Hi shirish, no, don't enter it yet. looks weak

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