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  1. creast Says:
    December 1st, 2009
    Posted at: 10:38 pm

    Hi Karthik

    Should I enter Everon at CMP. Which stock you suggest to enter at cmp to get 6-10% return in a weeks time. I have around 1.50 lacs cash to deploy. Should I put the whole amount on Andhra bank. Please advice. I am in huge loss today (45000) as I by mistake shorted Unitech when the stock was 7% high. I have been going through your queries and doing the things accordingly. To get some extra bucks I did the mistake. Please help me to coverup some of the losses.

    Thanks in advance

    Kartik, replies: Hi creast, you may buy Andhra bank in small quantity for a weeks time

  2. ronsal Says:
    December 1st, 2009
    Posted at: 10:56 pm

    CREAST may I know at what rate you did short and at what price u coverd it in loss.


  3. creast Says:
    December 1st, 2009
    Posted at: 11:01 pm

    I shorted at 86 and kept on averaging it, thinking it will go down. Normally I refrain from intraday. After 87 it went up to 88 in no time. I covered it around 88.35

    Kartik, replies: Hi creast, you may buy Andhra bank in small quantity for a weeks time

  4. ronsal Says:
    December 1st, 2009
    Posted at: 11:04 pm

    creast:what was the quantity?


  5. Prateek Says:
    December 1st, 2009
    Posted at: 11:06 pm

    Hi Kartik, Will some profit booking be seen in coming days?? Is nifty expected to come to 5000 level?? I have shorted Nifty Dec Future at 5110.

    Kartik, replies: Hi Prateek, yes, we might see some downside ahead

  6. dsp Says:
    December 1st, 2009
    Posted at: 11:14 pm

    karthi,every time i gonna to refresh the page for up to date quires.hw to get continuity.

    Kartik, replies: Hi dsp, I shall ask the programmer to work something out

  7. amit Says:
    December 1st, 2009
    Posted at: 11:22 pm

    can you pls let us know what is the reaction expected if a stock achieves
    - triple top
    - double top
    - triple bottom
    - double bottom

    how should we then deal with the stocks.

    thanks in advance

    Kartik, replies: Hi amit, Tops acts as a resistance level for stocks, and bottoms as a support levels. Mostly a stock bounces from its support levels

  8. sathya Says:
    December 1st, 2009
    Posted at: 11:26 pm

    Where is Nifty heading. I averaged 5000 PE 10 lots at 112. now its 80. i am in huge loss. what to do

    Kartik, replies: Hi sathya, hold it for some more time, we might see some downside in the coming days or so

  9. sk Says:
    December 1st, 2009
    Posted at: 11:30 pm

    hi cb, suport lbl of nifty

    Kartik, replies: Hi sk, 5000

  10. Kartik Says:
    December 1st, 2009
    Posted at: 11:38 pm

    Hi bhargavi, yes

    Hi rana, lets see how Asian market opens up tomorrow morning, I shall let you know then

    Hi creast, you may buy Andhra bank in small quantity for a weeks time

    Hi Prateek, yes, we might see some downside ahead

    Hi dsp, I shall ask the programmer to work something out

    Hi amit, Tops acts as a resistance level for stocks, and bottoms as a support levels. Mostly a stock bounces from its support levels

    Hi sathya, hold it for some more time, we might see some downside in the coming days or so

    Hi sk, 5000


  11. santosh Says:
    December 1st, 2009
    Posted at: 11:40 pm

    hi kartik/cb

    u r saying some downside is near.i am holding 1000 shares of andhrabank @116.what to do ? hold or square off

    Kartik, replies: Hi santosh, hold them for a weeks time, with the given targets

  12. dsp Says:
    December 1st, 2009
    Posted at: 11:41 pm

    karthi final q for this day:wt r niftys next strong resistance&support levels

    Kartik, replies: Hi dsp, resistance around 5190, strong support at 5000 levels

  13. AC Says:
    December 1st, 2009
    Posted at: 11:45 pm

    hi kartik ...will it be good idea to buy tata motors for intrday tomorow..and at what price and for what target?

    Kartik, replies: Hi AC, no, it might face some profit booking tomorrow

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