Quotes with Resistance & Support
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  1. Ravikumar Sivaramakrishnan Says:
    July 15th, 2009
    Posted at: 5:31 pm

    Dear CB, my friend says " we should go 100% short here with stoploss @ 14444 spot.. for tgts 12200-11300." Is it possible technically?

    Day before yesterday,he informed some upmove would come.After that down trend willl start.As he said,market came up.Will it change from uptrend to downtrend as he is telling.
    Pls suggest me.

    he tells the reason is to fill gap created by May 18 upper circuit hit.

    CB, replies: Hi Ravikumar Sivaramakrishnan, not sure about going short.. some profit booking could be seen after 2 days strong upmove.. Major companies in US and India have posted better than expected results..

  2. NS Says:
    July 15th, 2009
    Posted at: 5:41 pm

    Hi,

    I would like to know how would JSW Steel,Tulip Telecom and Axis Bank would be for intraday trading tommorow and which would be the best

    Thanks

    CB, replies: Hi NS, they have run up a lot..wait for some dip in them before buying

  3. Sonu Says:
    July 15th, 2009
    Posted at: 5:44 pm

    Hi C.B

    Whether I shall wait for dip now to enter market or can invest in some stocks.. What level of dips can be expected

    CB, replies: Hi Sonu, wait for some dip.. invest 50% if markets come back to 4100 levels.

  4. CB Says:
    July 15th, 2009
    Posted at: 5:52 pm

    Hi sam, book 50% profit in them and hold rest with a trailing sl at 4200. .

    Hi Ravikumar Sivaramakrishnan, not sure about going short.. some profit booking could be seen after 2 days strong upmove.. Major companies in US and India have posted better than expected results..

    Hi NS, they have run up a lot..wait for some dip in them before buying

    Hi Sonu, wait for some dip.. invest 50% if markets come back to 4100 levels.


  5. shyamshank Says:
    July 15th, 2009
    Posted at: 5:52 pm

    HI CB,

    Nifty ends above 200 DMA of 4230. What does this mean. Kindly brief me on this.

    Thanks

    CB, replies: Hi shyamshank, 200 Day moving avg.. close above this is positive for Nifty or any particular stock

  6. shyamshank Says:
    July 15th, 2009
    Posted at: 5:56 pm

    Hi CB,
    So does this Mean there is a support for Nifty at this level or since because it has seen
    200 DMA, it will continue to be on its upmove.

    Thanks

    CB, replies: Hi shyamshank, yes.. immediate support is 4200-4230.. upmove is likely

  7. Sonu Says:
    July 15th, 2009
    Posted at: 5:58 pm

    Hi C.B,

    I have few shares like suzlon, unitech, neyveli lignite which are at present no loss, no profit situation as on today..what do you suggest exit and enter on dips or keep as it is...I usually do short term trading..

    CB, replies: Hi Sonu, hold them for some more time..they will do well

  8. kp Says:
    July 15th, 2009
    Posted at: 6:00 pm

    hi cb, can i buy Teledata Tech Solutions tommorow?

    CB, replies: Hi kp, not yet..wait for couple of days

  9. suzane Says:
    July 15th, 2009
    Posted at: 6:17 pm

    cb, suzane here ... as we are getting the quotes with resistance and support levels for the nse bse stocks... where can i find the resistance and support of nifty along with the pivot point ??

    CB, replies: Hi suzane, you could do it manually by entering the details here: http://www.pivotpointcalculator.com/ .shall ask the programmer to try upload it on our site

  10. gururaj Says:
    July 15th, 2009
    Posted at: 6:26 pm

    Hi Cb,

    Any idea how long this Rally would continue ? Do you see any downfall in the near term....Any Buying oppurtunities?

    CB, replies: Hi gururaj, as of now no new buys.. we are likely to see some profit booking around 4300

  11. arun Says:
    July 15th, 2009
    Posted at: 6:43 pm

    What about ur views on Aban offshore ? is it a good buying..??

    CB, replies: Hi arun, no..wait for some dip to enter it

  12. Mathews Says:
    July 15th, 2009
    Posted at: 6:56 pm

    Hi CB..I m having 4600 call @ 108. Can I knw its current rate. Also Is der any chance to reach nifty to 4400 level in this month or better to exit during coming days once profit booking starts.

    CB, replies: Hi Mathews, its currently trading at 19.. try and exit it on rise.. not sure if we see 4600 this month..
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