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INDIAN STOCK MARKET: Intraday calls for 06-08-07

Saturday, August 4, 2007

Intraday calls for 06-08-07

Correction expected, a 300+ points fall can be seen today. Short sell stocks like L&T, BHEL, SBI, BF Utilities, Unitech, etc...

Incase, market surprises us and opens flat or positive, buy the following stocks:
Buy TTK Prestige at 133.15, target: 138. Stoploss: 131
Buy IFCI at 60.70, target: 63. Stoploss: 58 - IFCI board to invite bids for strategic investor - Barclays is ready to pay Rs 85 per share, while others reportedly in the race are Lehman Brothers, BNP Paribas and Deutsche Bank

26 comments:

Unknown said...

HI CB,
Thank U CB..Let me be the first one to wish u Happy Freindship Day..and may GOD bestow Lots of colours on you..Happy trading and plz keep up the good work..

Stocksvalley said...

Hi..Thanks Ratin..Same to you.. Happy friendship day to you and all visitors... .

Pawan said...

hi cb when you will be available on yahoo ??

Prashant said...

Dear CB,
thanks for the daily fantastic calls.
i take this oppertunity to wish u and all other boarders to wish my heartiest congratulations on the happy freindsip day.
thanks and keep it up

Stocksvalley said...

Hi Pawan.. tomo morning..by 11-12.

Hi PK.. Thanks..you r most welcome.. and happy friendship day to u too!!

Suman said...

Hi CB,
Friends A friend is someone we turn to when our spirits need a lift, A friends is someone we treasure for our friendship is a gift. A friend is someone who fills our lives with beauty, joy, and grace And makes the whole world we live in a better and happier place. Happy friendship Day. I met wth a severe accident n is bedridden wth multiple inj on chest, arms, legs n waist. I only got up 2 wish u hppy frndshp day. god bless u n tk cr.

Hari said...

Tommorrow 06.08.07 flat or positive opening expected

Stocksvalley said...

Hi Suman.. Thanks.. Wish you a happy friendship day too!!

Abhinav Garg said...

Hello sir. I hv idfc at 127.i cnt hold it aftr monday.shd i sell dem at opening bell or wait 4 d whole day and sell in evening.

Stocksvalley said...

Hi Abhinav.. Sell it near 126 levels..

Anonymous said...

Hi CB.. Its holding ur support level of 4280.. Do u expect markets to fall more?

Pawan said...

whats hot in the market to buy ??

Pawan said...

whats hot in the market for today ?

Stocksvalley said...

Buy IFCI for short term, target: 75

Also, punj Lloyd, SBI and Rel inds

Stocksvalley said...

Hi Aparna.. Yes, its holding it..

But overall depends on global queues.. It has to stop somewhere now.. This cannot continue for a long time.. Start buying ut favorite stocks in small quantities..

Unknown said...

hi cb
I am short in nifty at 4264, plz suggest me, what to do.

Unknown said...

hi cb
I am short in nifty at 4264, plz suggest me, what to do.

Stocksvalley said...

Hi Himani.. I would suggest u to hold it for some days.. You will be in profit..

nikhil227 said...

hi cb,is this the time to invest or wait for further corrections n what stocks to purchase for 6-8 months time at these levels

nikhil227 said...

plz cb reply

nikhil227 said...

ur call on sbi proved wrong mate bt anyways ur the best keep up the good work n all the best for ur future calls

Harsha said...

i have rolta in futures @ 482. Do you think it will recover by month end?

-Harsha

Stocksvalley said...

Hi Nikhil.. U can start buying ur favorite stocks in small quanities.. There is some more correction pending.. say another 300 points on the Sensex..

Short sell calls were random calls, coz these stocks tend to move with the Sensex.. SBI did not work out because it saw good buying at dips..

Stocksvalley said...

Hi Harsha, Yes, Rolta will give you profit this month itself.. It is expected to do well.. It has a target of 530

Harsha said...

Thanks C B.
Been checking your recos from 2-3 days. U are a great help !!!

The global markets are trading flat right now ... crude is 2% down as well ... Think Indian mkts shud do well tomorrow. What do u think?

Btw, Do you think this is a good time for buying? I bought a lot of Hindustan Unilever as well. Will we see a stronger mkt by month end?

Stocksvalley said...

Hi Harsha, thanks.. Yes, Sensex may be in green tomo..

I think one can buy stocks in small quantities if he is a medium term investor..

Markets would stay range bound for some time now... Sensex has strong support at 14500.