Quotes with Resistance & Support
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  1. SONAL Says:
    March 3rd, 2013
    Posted at: 3:06 am

    can i go short in axis bank future?if yes tell s/l .

    Kartik, replies: Hi SONAL, go short ifi t breaks 1350 (strong support), with a SL at 1370 (cash) for a target of 1320 in a coupe of days

  2. Mitesh Says:
    March 3rd, 2013
    Posted at: 9:54 am

    I HOLD SARDAEN 25 @ 131 RATE. NOW ITS NEAR 100. WHAT SHOULD I DO HOLD OR BUY FOR AVERAGE?

    Kartik, replies: Hi Mitesh, it looks weak, exit 50% from it at current levels and keep the rest for Short/mid term, dont add more of it yet, as it looks ewak overall

  3. rachna Says:
    March 3rd, 2013
    Posted at: 10:06 am

    tomorrow market sentiment

    Kartik, replies: Hi rachna, for now it seems may trade flat, support at 5680

  4. Kris Says:
    March 3rd, 2013
    Posted at: 10:16 am

    Dear CB / Kartik,

    Good Morning! Which of the following would be a good choice to trade tomorrow (March futures)? Please also provide entry, sl and targets.

    1. SELL DLF
    2. SELL INDUSIND
    3. SELL HDFCBANK
    4. SELL IDFC

    5. BUY TCS
    6. BUY HDFC
    7. BUY JPASSOCIATES

    Thanks,
    Kris

    Kartik, replies: Hi Kris, IndusInd Bank can be shorted, go short on it for a coupel of days, it looks weak below 410 (its strong support level), for a target of 385 with a SL at 412

  5. Yash Says:
    March 3rd, 2013
    Posted at: 10:27 am

    Sir,

    considering subir's comment above and ur reply to it I still wud like to have ur advice.

    I hold suzlon [email protected].

    when can I exit ? shud I further avg and if yes approx at what levels.

    Kartik, replies: Hi Yash, Yes, if possible hold it for Short/Mid term, dont add more of it yet, as it may take some time to settle afte rtthe unexpected news

  6. Rajkumar Says:
    March 3rd, 2013
    Posted at: 10:38 am

    Hi CB/Karthick,

    Can I short Idea @ CMP for 1 month?

    Kartik, replies: Hi Rajkumar, it looks strong, avoid giong short on it yet

  7. reema Says:
    March 3rd, 2013
    Posted at: 10:54 am

    bf util target

    Kartik, replies: Hi reema, BF Util looks weak, may continue to trade lower, Market may trade flat on Monday

  8. reema Says:
    March 3rd, 2013
    Posted at: 10:54 am

    market sentiment

    Kartik, replies: Hi reema, BF Util looks weak, may continue to trade lower, Market may trade flat on Monday

  9. Kartik Says:
    March 3rd, 2013
    Posted at: 11:06 am

    Hi Bb, Castrol can see around 330 in the coming week, Nifty's been too volatile lately and can be sure yet, shalll have to wait to see how Markets react in the coming few days, odnt enter htme mentioned bets yet, they can see some profit booking ahead

    Hi Mitesh, it looks weak, exit 50% from it at current levels and keep the rest for Short/mid term, dont add more of it yet, as it looks ewak overall

    Hi SONAL, go short ifi t breaks 1350 (strong support), with a SL at 1370 (cash) for a target of 1320 in a coupe of days

    Hi rachna, for now it seems may trade flat, support at 5680

    Hi Rajkumar, it looks strong, avoid giong short on it yet

    Hi Yash, Yes, if possible hold it for Short/Mid term, dont add more of it yet, as it may take some time to settle afte rtthe unexpected news

    Hi reema, BF Util looks weak, may continue to trade lower, Market may trade flat on Monday


  10. jayesh Says:
    March 3rd, 2013
    Posted at: 11:14 am

    hi cb

    have a jp 70 put@3 does it look weak
    should i hold
    thanks

    CB, replies: Hi jayesh, yes, has strong resistance at 74-75. hold pe for now. can test 70 again

  11. shivashankaran Says:
    March 3rd, 2013
    Posted at: 11:55 am

    HI,

    I have bought tata motors put 260 strike @ 2.45 what is your advise?

    CB, replies: Hi shivashankaran, technically it does look a bit storng. hold pe with sl at 294 for now

  12. Yash Says:
    March 3rd, 2013
    Posted at: 12:01 pm

    Alright sir, in 7-8 months with those few international orders in their kitty , I hope suzlon can touch 29-30.

    CB, replies: Hi Yash, yes, likely to.

  13. goutham Says:
    March 3rd, 2013
    Posted at: 12:45 pm

    sir can i short lupin@current levels?

    CB, replies: Hi goutham, no, dont go short on it yet. has been moving in the 580-600 range since quite some time now

  14. pk Says:
    March 3rd, 2013
    Posted at: 1:39 pm

    Hi cb,
    Your view & trgts for bhel and hdfcbank in near term..

    Kartik, replies: Hi pk, they look weak for now, avoid fresh entries in them

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