Quotes with Resistance & Support
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Intraday calls for 01-06-11

Posted on: June 1st, 2011 at 8:34 am

Markets likely to open flat, Nifty has resistance at 5600 and support at 5510.

Buy Canara Bank at 544, Target: 554, SL 536

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560 Responses

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  1. NITHIN2009 Says:
    June 1st, 2011
    Posted at: 10:56 am

    cb/kartik....i bought 600dlf@236 for intraday..now itgone dwn to 234...what to do..book loss or hold..any chance of recovery??


  2. Kartik Says:
    June 1st, 2011
    Posted at: 10:56 am

    Hi SAI, would be better to wait as of now


  3. Kartik Says:
    June 1st, 2011
    Posted at: 10:57 am

    Hi NITHIN2009, seems to react to the Markets, hold it with a SL at 232


  4. SAI Says:
    June 1st, 2011
    Posted at: 10:57 am

    hi Kartik ok will wait. Thanks


  5. cvrprakash Says:
    June 1st, 2011
    Posted at: 10:58 am

    Hi Kartik,

    @ what range we can short SBI. What should be the SL?


  6. suzane Says:
    June 1st, 2011
    Posted at: 10:58 am

    Hi Kartik, Why gitanjali gems is going down an down ??
    Even wanna know for Vguard ?? it made a high of 220 and seems falling back ... any reason ?? Good to hold both for 2-3 days ??? Can they both make new highs till days end ??


  7. MICKY Says:
    June 1st, 2011
    Posted at: 10:58 am

    also tell me abt Prakash Inds


  8. Das Says:
    June 1st, 2011
    Posted at: 10:59 am

    i have tata steel 560 PE. please advice.


  9. Kartik Says:
    June 1st, 2011
    Posted at: 11:00 am

    Hi suzane, they seem to have reacting to their strong resistance levels, stocks often see some profit booking at resistance levels

    Hi MICKY, its a weak bet, avoid it

    Hi cvrprakash, lets wait for some time for its prices to settle

    Hi SAI, most welcome


  10. Kartik Says:
    June 1st, 2011
    Posted at: 11:00 am

    Hi Das, continue to hold it for 2-3 days with a SL at 595 (cash)


  11. Kartik Says:
    June 1st, 2011
    Posted at: 11:00 am

    I'll be back in 30 mins./


  12. Vishal Says:
    June 1st, 2011
    Posted at: 11:02 am

    Hi Kartik, Can i enter DLF at CMP for intraday .. whats the target


  13. sameer Says:
    June 1st, 2011
    Posted at: 11:03 am

    Sir
    Asian paints having a resistance at 3160..can we short it ?


  14. sanjeev Says:
    June 1st, 2011
    Posted at: 11:06 am

    hi tejas jub food has shown good momentun what target we can assume for next 1-2 months


  15. suman Says:
    June 1st, 2011
    Posted at: 11:09 am

    Hi CB/Kartik,

    Should i go for 5500 PE. If yes pls tell me at what price i should buy ....


  16. Kb Says:
    June 1st, 2011
    Posted at: 11:14 am

    Hi SAI, GM

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