Quotes with Resistance & Support
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Intraday calls for 31-05-12

Posted on: May 31st, 2012 at 8:29 am

Markets likely to open lower. Support for nifty is at 4920 and resistance at 5050.

If markets show recovery later during the day, buy: Hero moto corp above 1848 – (If holding Hero moto, continue to hold it till tomorrow.)

Markets are likely to remain volatile today due to expiry and GDP data.

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362 Responses

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  1. sudhir Says:
    May 31st, 2012
    Posted at: 10:06 pm

    Hi karthik,
    would we see blood bath tomorrow because of low gdp and global cause? ur view on IDFC and TATA Motors


  2. SaiPalanivel Says:
    May 31st, 2012
    Posted at: 10:10 pm

    HI KARTIK SIR,GE.TOMORROW INTRADAY PTC ON YOUR VIEW PLEASE.


  3. abraham Says:
    May 31st, 2012
    Posted at: 10:12 pm

    CB ...can i know about your view in nifty in june series, (If its down, i can wait for some time to buy stocks)


  4. abraham Says:
    May 31st, 2012
    Posted at: 10:14 pm

    also, please share your view on ashok leyland and Dena bank


  5. Gitanjali Says:
    May 31st, 2012
    Posted at: 10:32 pm

    Hi SM, NG continues to move higher .Maybe we could take long now .. for a target of 150-54 , the recent high .May i kindly have your feed back plz?


  6. manohara Says:
    May 31st, 2012
    Posted at: 10:36 pm

    hi cb, in which position i enterd to sbi call/put option,,/?;;now i hold nifty put option4700 june ,exit or hold,,pls rply..


  7. Kartik Says:
    May 31st, 2012
    Posted at: 10:39 pm

    Hi sudhir, IDFC below 128 looks weak, Tata motors has been quite volatile, avoid fresh entries in it, for now it seems we may trade flat tomorrow

    Hi SaiPalanivel, GE, can see around 56

    Hi abraham, continues to looks weak, avoid fresh entries yet, if we break 4890, can see 4840 levls and alower

    Hi abraham, both can add another 1-2% tomorrow


  8. Kartik Says:
    May 31st, 2012
    Posted at: 10:40 pm

    Hi manohara, hold the PE for some time, avoid making fresh CE's for now as we looks weak


  9. gaps Says:
    May 31st, 2012
    Posted at: 10:56 pm

    Hi CB, what is ailing dchl and sintex? Both are going southward only


  10. SM Says:
    May 31st, 2012
    Posted at: 11:29 pm

    Hi Gitanjali, Yes NG looks good and moving higher. But I feel, longs should be taken above 143.


  11. abraham Says:
    May 31st, 2012
    Posted at: 11:50 pm

    thank you sir


  12. CB Says:
    June 1st, 2012
    Posted at: 1:30 am

    Hi gaps, yes, these are looking weak. don't enter these yet

    Hi SM, yes. shall get with Akash this weekend and figure something out. as of now its improved a bit. not all your comments are going in the spam. not really sure where the break is

    Hi abraham, most welcome.


  13. Gitanjali Says:
    June 1st, 2012
    Posted at: 6:34 am

    Hi SM,gm.Thanks a lot . For your very kind reply.
    I have decided to trade minimum for now .The losses are not helping ,to continue .
    If and when I do trade shall post messages here .Take Care .God Bless you:}
    Hi CB, GM .


  14. Gitanjali Says:
    June 1st, 2012
    Posted at: 6:54 am

    NG is now showing 2.36 , it was at 2.42 or so when I covered,yesterday . Want to tell Damn ME..
    This always happens with each of the loss making trades .They would not have been losing trades ,if only I had stayed put. Seriously lack trading skills and understanding price action ..I need to sort this flaw .Change has to come within me , no matter how much u folks help .Thanks immensely for all the help you guys have given .


  15. CB Says:
    June 1st, 2012
    Posted at: 8:03 am

    Hi Gitanjali, Good morning. sorry to hear about your loss. hopefully you will recover it soon

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